THE COMPANY
NuStef Baking Ltd. is a Canadian food manufacturer known across North America for its unique line of specialty, artisan style cookies and crisps (“NuStef”). NuStef produces a unique Italian style waffle cookie branded Reko pizzelle and artisan crisps under its Kii Naturals and The Crisp Bakery brands. NuStef also produces private label products for some of the largest retailers in North America.
Products are baked fresh to order; cookies are sold primarily in the in-store bakery (“ISB”) department and our crisps are sold primarily in the deli department or specialty cracker section at most regional and national retailers. NuStef is based in Toronto, Canada and operates two manufacturing facilities.
For almost 40 years, we have perfected a multi-generational authentic recipe from Italy's Abruzzo region. Reko pizzelles are naturally flavored and baked in a peanut-free facility, resulting in crisp, delicate flavors that are addictively delicious!
Kii Naturals artisan crisps, combine authentic fresh ingredients, hand-crafted in small batches. Double-baked for a satisfying crunch, each artisan crisp holds a delightful burst of flavorful fruit, nuts or seeds. Kii Naturals artisan crisps have no preservatives, GMOs or trans fats, and are perfect for charcuterie boards, snacks, and sharing with friends.
POSITION OVERVIEW
Under the direction of the Finance Manager, this position is responsible for the implementation of policies, procedures, and internal controls to ensure the organization manages its financial resources efficiently and in accordance with sound accounting principles and practices. Additionally, the incumbent will fulfill the financial reporting requirements in a timely manner while complying with financial guidelines.
DUTIES AND RESPONSIBILITIES:
- Ensures an accurate and timely monthly, quarterly, and year-end close, including participation in physical inventory counts as required for both facilities.
- Reviews all accounting records (invoices, purchase orders, general ledger) for account coding and compliance with approved budgets.
- Prepares detailed balance sheet account reconciliations for non-subledger accounts, ensuring complete information on all amounts recorded on the companies’ balance sheets.
- Maintains the fixed asset subledger, ensuring accuracy and validity of all assets; monitoring monthly depreciation; reviewing deposit account to ensure assets placed in service appropriately with the correct useful life.
- Posts all payroll related entries and accruals.
- Completes daily bank reconciliations, wire payments and weekly cash flow forecast.
- Coordinates with the Sales Administrator to ensure accurate customer pricing and approved trade management information is updated in the ERP System.
- Ensures all product bill of materials are current and updated as required.
- Responsible for weekly review of all inventories with business partners, and creation of reports tracking/outlining possible risk; maintains the inventory provision support calculations.
- Develops a thorough understanding of the standard costing system, including active participation in the review of production variances for reasonability.
- Responsible for conforming to accounting practices pursuant to annual audit requirements and as well as staying current with changes to accounting practices.
- Maintains a thorough understanding of the financial reporting and general ledger structure.
- Develops and improves existing system of internal controls and/or processes.
- Active participation in the interim and annual audit process, providing all necessary documentation to ensure financial statement accuracy.
- Other ad hoc duties as required.
QUALIFICATIONS:
- Minimum 5 years’ experience in financial accounting within a manufacturing environment.
- In pursuit of (senior level) or registration with CPA, or equivalent experience is required.
- Advanced proficiency in use of accounting software for all aspects of accounting (GL, A/P, A/R and Financial Statement generation).
- Demonstrated ability to work well with different business units.
- Sound understanding of relevant financial and statistical reporting requirements and systems.
- Working knowledge of direct deposit payroll systems.
- Advanced proficiency in the use of Microsoft Excel, accounting software and working knowledge of Microsoft suite of programs.
SKILLS REQUIRED:
- High attention to detail and experience working with highly confidential information.
- Strong organizational, time management and leadership skills.
- Ability to accommodate a flexible work schedule, competing priorities/tight deadlines requiring general ledger closure after EOD on period ends.
- Solid judgement, problem-solving, and negotiation skills.
- Strong interpersonal, communication, and team-building skills.