Corporate Controller

Employer
Zimco Instrumentation
Location
Calgary
Starts
Closes
Job Type
Permanent

ABOUT ZIMCO

Zimco was founded in 1978 and has become a leading distribution company providing Instrumentation Solutions to various market sectors in Western Canada.  The company focuses on oil and gas completion and production, petrochemical refining/processing, laboratory and research and industrial and equipment manufacturing. Given Zimco’s strong reputation in the industry, they have become exclusive dealers for 16+ top-of-the-line manufacturers of pumps, valves, gauges, tubing and other supplies for the industry. Zimco is proud to represent key product lines from Texsteam, Emerson Tescom, Parker Autoclave, Kenco, Century, Barksdale and Stellar Technologies just to name a few. Zimco is based in Calgary with sales and customers scattered across Canada.

 

Over the past three years, under new and proven leadership, Zimco has experienced impressive growth and success with a doubling in sales revenue despite the current economic conditions.  The new ownership group has focused on modernizing and improving every aspect of the business – from re-branding with a new logo and colors to a new modern professional website to improving internal operating systems and inventory stocking/management to the addition of two northern satellite warehousing locations to better serve customers. The company will be moving its headquarters within Calgary to a more modern location with twice the size and capacity.  Zimco has now doubled its sales force and expanded its geographical sales footprint throughout Western Canada – all with the goal of continued growth and success.

 

For more information and details on Zimco’s growing business, please visit their web site: https://zimco.ca

 

 

As part of its continued overall growth strategy, Zimco is currently adding a few key sales professionals to its outside sales team.

 

THE OPPORTUNITY

Zimco has an exciting opportunity for a talented professional to join their growing team as Corporate Controller.  Reporting to the President, The Corporate Controller plays a key role on the Zimco corporate management team. The Controller is responsible for all facets of fiscal stewardship for the Company. This includes the production of periodic financial reports, maintenance of an adequate system of accounting records, ongoing development of a comprehensive set of controls and budgets designed to mitigate risk, continually enhancing the accuracy of the Company’s reported financial results and ensuring the reported results comply with GAAP/ASPE.

 

Duties & RESPONSIBILITIES

The Corporate Controller is responsible for financial reporting, pricing analysis, budgeting, forecasting, payroll, foreign currency hedging and margin preservation, cash flow planning, tax planning, auditor and banking relationships, treasury and investment strategies and is expected to play a role is business growth and strategy discussions. This is a “hands on” role that requires attention to detail and execution of deliverables.

 

Management:

  1. Lead in the annual budget process and coordinate the draft for the annual Business Plan and the development of the financial strategic plan
  2. Oversee and help maintain a documented system of accounting policies and procedures.
  3. Oversee the operations of the accounting department – currently with one Sr. Accountant.
  4. Protect operations by keeping financial information and plans confidential and secure.
  5. Forecast cash flow positions, related borrowing needs, and available funds for investment.
  6. Regularly monitor inventory levels and optimize the benefits of Inventory Advisor to improve inventory turnover rates.
  7. Work with the external accountants to develop financial and tax strategies. Pursue potential grant programs as appropriate to offset tax liability.
  8. Develop relationships with Zimco’s third party providers; ERP system, external accountants and capital management firm.
  9. Help develop performance measures that support the company’s strategic direction.

 

Transactions:

The Controller provides oversight and is accountable to:

  1. Ensure that accounts payable are paid in a timely manner.
  2. Ensure that all reasonable discounts are taken on accounts payable.
  3. Ensure that accounts receivable are collected promptly.
  4. Ensure that periodic bank reconciliations are completed (daily with Canadian Bank account and weekly with US account).
  5. Ensure that required debt payments are made on a timely basis. File annual returns to AB, BC and SK WCB
  6. Ensure that chart of accounts is maintained.
  7. Maintain an orderly accounting filing system.
  8. Maintain a system of controls over accounting transactions.
  9. Maintain and reconcile the SunLife Benefit program.

 

Reporting:

  1. Coordination of the monthly MDA to the Senior Leadership Team and subsequent presentation and review with the SLT: This includes: Written Executive Summary; Complete set of financial statements (actual versus budget analysis) DSO and DPO; Trailing Twelve Gross Margin by Product line; Return on Investment by Product line; Annual Gross Margin Forecast; Business Development stats for Inside Sales staff; Web Stats; Geographic Revenue Allocation
  2. Compilation of monthly financial statements including accruals, prepaids, amortization, profit sharing plan calculation, tax provision and subsequent working papers to support balances.
  3. Coordinate and prepare other financial reports as needed by management.
  4. Ensure calculation and issuance of financial and operating metrics.
  5. Manage the production of the annual budget and forecasts.
  6. Prepare budgets by establishing schedules; collecting, analyzing and consolidating financial data; recommending plans.
  7. Calculate variances from the budget and report significant issues to management.
  8. Achieve budget objectives by scheduling expenditures; analyzing variances; initiating corrective actions.
  9. Provide for a system of management cost reports.
  10. Provide financial analyses as needed, in particular for capital investments, pricing decisions and contract negotiations.
  11. Prepare special reports by collecting, analyzing, and summarizing information and trends.
  12. Work with the external accountants, issue timely and complete financial statements for management review after monthly, quarterly and annual period close.

 

Compliance:

  1. Coordinate the provision of information to external auditors for reviewed statements or annual audits.
  2. Monitor debt levels and compliance with debt covenants.
  3. Comply with provincial and federal government reporting requirements and tax filings.

 

 

THE PERSON

To be successful in this role you have:

  • Bachelor’s degree or equivalent with 10+ years of accounting and business experience, at least 5 of which is in a management capacity.
  • Professional designation as a Chartered Professional Accountant (CA/CGA/CMA) is required. Additional education including a CFA or MBA will be considered an asset.
  • Experience leading and mentoring a team.
  • Excellent analysis skills, knowledge of GAAP/ASPE and the ability to collaborate with a multi-department team. 
  • Experience working in a distribution environment would be an asset.

 

 

KEY SUCCESS FACTORS

Leadership Skills – Ability to create and sustain shared commitment to key accounting and financial issues pertinent to the Company. Will be a strong team player with the ability to work comfortably with operations and support staff. Sets clear personal standards for quality of work, avoiding inefficiency wherever possible. Ability to apply logical thinking to solve problems or accomplish tasks.

Interpersonal and Communication Skills – Has an open, honest and consistent approach to working with others. Ability to communicate effectively at all levels, both informally and formally as well as in writing. Is an active listener and has excellent presentation skills. Seeks out and values others' input and expertise when appropriate. Ability to establish and maintain effective working relationships with a variety of individuals.

Personal Management Skills – Possess self-confidence and interpersonal flexibility, perseverance and most of all, integrity. Maintains a high personal moral standard of conduct and develops credibility through example and performance. Ability to build, train, coach and lead an effective team.

Multi-task Oriented – Ability to change gears quickly. Manage heavy workloads and tight deadlines, analyze and assess and make appropriate recommendations both internally and externally.

Committed to Personal Excellence –Continuously seeks to stay current and be at the leading edge in their field. Understands organizational challenges and is a “progressive idea person” committed to excellence and innovation in the workplace. Self-motivated and encourages others to achieve personal excellence.

 

 

COMPENSATION

A competitive compensation package will be provided including an attractive base salary and excellent benefits.  Further details will be discussed in a personal interview. 

 

 

FOR INFORMATION:  PLEASE CONTACT

 

Heather Fookes

Leaders International

530, 1000 – 7 Avenue SW

Calgary, AB  T2P 5L5

Phone:  (403) 263-0600 

Email:    calgary@leadersinternational.com