Accounting Manager

We are a team of passionate medical and technology innovators dedicated to improving patient care and outcomes through groundbreaking devices like FloPatch. FloPatch is the world’s first wireless Doppler ultrasound system, designed to optimize clinical management in acute care settings. This wearable device empowers clinicians with real-time data, enabling precise fluid management in critically ill patients, such as those with sepsis and septic shock.

Flosonics Medical is looking for a motivated individual with a positive attitude to support the Finance department.
The  Accounting Manager will work closely with and report to the Senior Director of Finance. This is a great opportunity to support a growing company’s operations, grow with the company and be exposed to various areas of accounting, finance and payroll.

MAJOR DUTIES AND RESPONSIBILITIES:

• Manage full cycle accounting operations including accounts receivable, accounts payable, revenue recognition, payroll, inventory recognition etc.

• Assist with month-end close procedures by preparing various month-end journal entries related to sales, accruals, intercompany transactions and other operational areas.

• Lead, oversee, and manage monthly, quarterly, and annual financial close processes, ensuring timely and accurate completion of all related tasks, including note disclosures.

• Prepare, review, and analyze consolidated financial statements (balance sheet, profit and loss, and cash flow statements) to ensure accuracy

• Prepare monthly and quarterly variance analysis, providing actionable insights to stakeholders.

• Proactively drive improvements in financial reporting processes, suggesting and implementing improvements aligned with best practices.

• Lead the enhancement of inventory valuation process, collaborating across departments to strengthen inventory tracking and reporting mechanisms.

• Conduct technical accounting research for complex business transactions and execute findings through preparation of accounting memos.

• Ensure compliance with all regulatory requirements, including government reporting for sales tax, income tax, and corporate filings (e.g., SRED).

• Act as the primary liaison for external audits, including planning and execution for interim and annual audits.

• Oversee adherence to accounting policies and audit procedures, ensuring accurate and compliant financial transactions.

• Oversee tax compliance activities, including preparing provisions, income tax returns, and transfer pricing analysis, in collaboration with external tax consultants.

• Manage external relationships with banks, auditors, tax advisors, and government authorities to optimize financial operations.

• Collaborate with cross-functional teams, including operations and sales, to align financial goals with company objectives.

• Supervise and monitor the cash management process, including cash flow and bank transaction approvals.

• Administer and track the ESOP program, ensuring proper payouts and compliance with documentation requirements.

• Prepare grant claims for reimbursement, ensuring compliance with grant requirements and maintaining proper documentation for submissions.

• Actively identify future business needs and ensure finance processes support scalability.

• Oversee and suggest improvements to internal and finance controls and processes to contribute to operational efficiency and effectiveness.

• Oversee audits with government agencies and ensure compliance with all regulatory reporting requirements.

• Lead, coach, and mentor the finance team to align capabilities and output with organizational goals.

• Fostering a culture of collaboration, accountability, and continuous improvement within the finance department.

• Provide support on strategic initiatives, partnerships, and other ad-hoc finance-related projects to support company growth.

EDUCATION/ EXPERIENCE REQUIREMENTS:

• CPA designation (preferred) or nearing completion.

• Experience with ASPE, US GAAP

• Excellent communication skills, with the ability to present complex financial information clearly and effectively.

• Experience in multi-entity, multi-currency organizations.

• 4-5+ years of experience in the accounting field.

We wish to thank all applicants, however, only those selected for an interview will be contacted directly. If you are selected to participate in the recruitment process, accommodations are available upon your request to meet your accessibility needs.