Controller

Job title: Controller

Company:

Job description: With headquarters in the heart of Toronto, Canada, the Canadian Musical Reproduction Rights Agency is a dynamic music licensing agency representing music copyright owners.Our clients are music publishers and self-published songwriters who own the rights to the vast majority of songs recorded, sold, streamed and broadcast in Canada. Our team works diligently on behalf of our clients to negotiate licensing agreements, collect royalties from our licensees (Apple, Spotify, Amazon, YouTube, Facebook, Tik Tok, radio stations, major and independent record labels, and others) and to distribute those royalties.Established in 1975 and having contributed to many transformative moments in the music landscape since then, CMRRA are the market leaders in Canada for physical and digital mechanical licensing. We’ve recently launched new international partnerships to collect digital mechanical royalties from the US and from numerous territories outside of North America too.Our core mandate is ensuring that our clients get paid efficiently and on time for the use of their music. We play a pivotal role in the music ecosystem, which requires us to be constantly evolving, staying focused on both current and emerging business models using recorded music, and treating our clients and their songs as our top priority.CMRRA is committed to fostering an environment where our employees, clients, and partners feel valued and supported. As leaders in the music industry, we recognize that building a diverse, equitable and inclusive organization is vital. Every day we aspire to do better than the day before because we wholeheartedly believe that there is strength in diversity and that we are stronger together.To learn more about our great team and our work, please visit cmrra.ca.Position Scope:Under the direct supervision of the Corporate Controller of our parent company, this position will manage the Senior Accountant and oversee the daily operations of the CMRRA finance department and Joint Ventures. This includes the production of the monthly close, periodic financial and compliance reports, maintenance of an adequate system of accounting records, and a comprehensive set of controls and budgets designed to mitigate risk. It also includes enhancing the accuracy of the company’s reported financial results and ensuring that reported results comply with Canadian accounting standards for private enterprises.The Controller’s primary functions will include but are not limited to:

• Manage the day-to-day activities of CMRRA’s Finance Department operations and CMRRA’s joint venture which includes initiating and recording all financial transactions (such as but not limited to accounts payable, employee expense reimbursements, salaries and benefits, royalty collections, royalty distributions, investments, prepaid expenses, fixed assets, capitalized software costs, leases and intercompany transactions for CMRRA and its joint venture).
• Manage monthly, quarterly and annual close process and timelines, including preparing and reviewing reconciliations for accuracy and the preparation and review of various internal and external reports and the financial statements within required close timeline.
• Assist with the creation and management of the Finance department budget.
• Serve as a day-to-day contact for staff, management, and other departments related to the finance and accounting department functions.
• Manage the distribution process as it relates to Finance functions.
• Assist in the implementation of a new accounting/ERP as needed.
• Manage bank accounts and relationship and ensure cash balances are sufficient to cover daily operational needs.
• Manage the financial statement audits, expanded annual compliance reporting and any other ad hoc reporting necessary for CMRRA and its joint venture, including coordinating and managing audit timeline, preparing and reviewing audit workpapers and the audit report.
• Manage the preparation and filing of the T2 Corporation Income Tax Return for CMRRA and its joint venture and all other compliance reporting such as HST/GST/QST and other tax related matters.
• Ensure compliance with tax laws and regulations and Canadian generally accepted accounting principles.
• Research and propose accounting treatment for complex accounting issues.
• Ensure designated internal controls are in place, monitoring effectiveness of controls and recommending and/or implementing changes as required.
• Maintain an accurate general ledger and accounting system.
• Subject Matter Expert for finance related projects such as Publisher Platform Integration.
• Manage, train, and evaluate the Senior Accountant’s performance.
• Prepare ad hoc reports as needed.
• Assist CMRRA President with other finance related assignments, functions and reports as requested (i.e., Residuals Policy, CPC Finance Committee review, IT Depreciation).
• Participate in various systems development project meetings, evaluating requirements and incorporation with financial systems.
• Participate in a wide variety of special projects and compiles a variety of special reports.
• Establish and implement short-term and long-range accounting departmental goals, objectives; monitor and evaluate program effectiveness; effect changes required for improvement.
• Other projects and duties as assigned.

Travel Requirements: Overnight international travel to the US less than 25% of the time.

Expected salary:

Location: Toronto, ON

Job date: Fri, 28 Jun 2024 22:12:46 GMT

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