Financial Controller

Employment:
Full-time, primarily Monday to Friday during business hours

Salary Range:
$75,000 - $95,000 per year

Benefits:
Benefits Package including medical, dental and eyesight coverage

Reports to:

President and CEO; works closely with the Fractional CFO

Work arrangement:
Based in Campbell River; a hybrid arrangement with some remote work may be considered.

About the Company
Walco Industries is a fast-growing company and a leader in the hydro-demolition and industrial cleaning market in Western Canada, with operations based in Campbell River and Port Alberni and activities principally across Vancouver Island, Greater Vancouver and throughout Western Canada. The company is also expanding into the United States through its subsidiary, Walco Industries USA.

We are seeking an experienced CPA to oversee our accounting department and support the financial management of our operations. This role combines financial reporting and controls with hands-on involvement in job costing, budgeting, bid preparation, and cash flow management.

This is an opportunity to join a growing, owner-led business at an important stage. You will work directly with the President and CEO and an experienced Fractional CFO, shape the company’s financial processes as it scales, and gain exposure to cross-border operations.

Position Purpose
The Controller is responsible for maintaining accurate and timely financial information, overseeing accounting operations, and providing practical financial guidance to the President and CEO and Fractional CFO. Working closely with operational staff and the external accountant, the Controller helps management assess job profitability, manage working capital, and make informed business decisions.

Key Responsibilities
Accounting and Financial Reporting

Oversee the accounting department, including accounts payable, accounts receivable, payroll, and general ledger functions.

Supervise and support accounting staff, establish priorities, and review their work.

Manage month-end and year-end closing procedures, including account reconciliations and supporting schedules.

Prepare timely monthly internal financial reports and explain significant variances, trends, and financial risks to management.

Maintain appropriate accounting procedures and internal controls.

Coordinate year-end information and respond to inquiries from the external accountant.

Account for equipment and other fixed assets, including capital additions, amortization, and equipment financing and lease obligations.

Support accounting for the U.S. subsidiary, Walco Industries USA, including intercompany transactions, foreign currency translation, and consolidated reporting.

Job Costing and Work in Progress

Review jobs in progress with operational staff to assess completion status, costs incurred, outstanding commitments, and estimated costs to complete.

Compare actual and forecast job costs with approved budgets and investigate significant variances.

Monitor job profitability and identify cost overruns, billing gaps, and other financial concerns.

Maintain reliable job costing information and support timely progress and final billing.

Prepare the monthly work-in-progress schedule and recognize contract revenue on a percentage-of-completion basis.

Track holdbacks and lien-related billing requirements on construction contracts.

Review completed jobs to identify lessons that can improve future estimates and operational performance.

Budgeting and Bid Support

Assist with preparing bids for new jobs by reviewing cost estimates, pricing assumptions, overhead allocations, and anticipated margins.

Work with operational staff to incorporate labour, equipment, materials, subcontractor, travel, and other relevant costs into estimates.

Support the Fractional CFO in…