Sr. Financial Analyst; temporary

Thornhill Medical’s ground-breaking products are designed to be used globally by emergency health care providers, humanitarian and military medical teams. Thornhill’s oxygen-focused research and applications are transforming patient care in extreme circumstances, while inspiring and enabling other new technologies to unlock vital life-saving solutions. Thornhill Medical’s innovations are in 19+ countries including Ukraine. With a team committed to courage, collaboration and saving lives, Thornhill Medical leads the way in the nimble and precision-focused field of medical technologies.

The Sr. Financial Analyst - Planning & Analysis is responsible for driving and streamlining Thornhill Medical’s financial reporting, planning, and operating processes while developing a strong partnership with the business.

• Prepares accurate monthly financial statements and Board of Director financial deck on a timely basis.
• Updates the monthly forecast after completion of the month end for the President/CEO and VP, Finance and creates variations as needed.
• Manages the monthly reporting process, comparing actual results to budgets/financial goals and the prior year, with detailed explanations for variances for the company overall, as well as by channel and department. Monitors that related corrective actions are taken if necessary.
• Manages the year-end financial audit, including providing the external auditors with necessary documentation, explanations, and support.
• Liaises with external tax accountants for tax preparation for all legal entities; ensures provisional payments are submitted on a timely basis; works with internal and external resources for SRED claim calculation, documentation and submission.
• Reviews and approves certain payments and purchase orders.
• Owns sales reporting for the organization, ensuring all product, channel, and bonus-related calculations as well as the underlying Sales Orders are correct to minimize reporting issues. Includes responsibility for customer invoicing.
• Develops, implements, and maintains financial controls and guidelines.
• Ensures timely and accurate execution of all SOPs required by ISO
  13485 that pertain to the Finance Team.
  
  Ensures financial policy parameters are maintained and that approval levels for all expenses are complied with.
• Manages working capital (including A/R collection and A/P payments), foreign exchange monitoring and hedging, and the cash forecasting required to maximize interest earned on cash balances and GIC term deposits.
• Manages the accounting for inventory, including but not limited to, reviewing and approving the standard costs and BOMs in the ERP system; ensuring costs of goods sold is accurately booked each month; ensuring the perpetual inventory reconciles to the GL monthly for all categories of inventory and that valuation differences are adjusted for; reviews and approves all cycle count/write off adjustments proposed by Operations;
  
  interfaces with subcontractors for inventory held by them.
• Drives annual budget preparation and 3-5-year planning, in conjunction with the VP, Finance and Controller.
• Maximizes departmental and operational efficiency through innovative process development.
• Assists with the implementation of the new ERP system.
• Leverages the current ERP to provide timely, accurate and detailed reporting.
• Provides work direction, support, and coaching to junior finance team members.
• Explores opportunities for continuous improvement with accounting systems, processes, and internal controls for both Finance and the organization (including potential uses of AI). /li
• Remains up to date on new accounting requirements.
• Considers quality in all aspects of the job and respects procedures and norms.
• Other duties as…