Financial Analyst - Fixed Assets

Location: Etobicoke, Ontario, Canada
Date Posted: 09-11-2017
Canada Bread Company, Limited is a leading producer and distributor of packaged fresh bread and bakery products with brands such as Dempster’s®, Villaggio®, POM®, Bon Matin®, Ben’s®, Healthy Way® and McGavins®. Dempster’s is the national brand leader and a market leader in the health and well-being segment of bread products in Canada. The growth strategy is to focus on market leadership in all commercial bread categories. The company operates 19 bakeries and employs approximately 4,550 associates across Canada.  It seeks to create value by leading innovation in products and service delivery in the bakery industry, enhancing distribution services and processes, and continuing to grow premium white and whole grain breads, tortillas, bagels, rye, buns, and rolls.

As an independent business unit of Grupo Bimbo, Canada Bread seeks to grow value-added bakery segments by focusing on health and well-being and penetrating new bakery segments and channels of distribution. The business will continue to grow market leadership and margins by investing in the premium whole grain product category, and by delivering continued product innovation in other bakery and snack categories.

Canada Bread serves major grocery chains, retail outlets, and foodservice operations across Canada. The company distributes branded products in the discount, mainstream, and super-premium segments, and is the leading producer in most major bakery categories. It also produces private label products for grocery and foodservice outlet.

  • The successful candidate will be responsible for fixed asset finance for CBCL including accounting, analysis, compliance, controls, administration and internal client support
  • Fixed assets balance is greater than $330M, $25M in active projects – construction in progress
  • The role is highly visible, providing interaction with a large volume of associates within the organization
  • The organization is constantly changing and improving, resulting in a fast pace and dynamic environment, providing a versatile and continuous learning opportunity
  • Maintain accurate and complete fixed asset subledger in accordance with IFRS and company policies
  • Administer the Capital Expenditure Request tool, used for fixed asset approvals and serves as a key control
  • Provide IFRS and company policy guidance on capitalization eligibility for new projects launched by associates
  • Administration, integration and governance of fixed asset policies
  • Monitor active projects and coordinate with initiators to ensure timely closure, capitalization and depreciation; requires strong relationships and constant contact
  • Scrutinize and validate fixed asset activity: additions, disposals, scrap and transfers. Review against policies and required approvals
  • Preparation of journal entries and account reconciliations (coordination with outsourced services team) on time with the highest level of accuracy and completeness
  • Preparation of schedules and reconciliations
  • Preparation of quarterly reporting deliverables, internal control and impairment testing
  • Advance fixed asset policies and controls
  • Improve current processes, reporting and analysis through innovation – strong opportunity to advance efficiency and effectiveness
  • Support Finance Manager on additional tasks as required
  • 2-3 years post undergraduate experience with CPA designation or actively pursuing CPA designation
  • IFRS experience preferred – specifically capitalization criteria for tangible and intangible assets
  • Intermediate to advanced PC proficiency (MS Excel is a must)
  • A self-starter with excellent communication skills
  • Ability to multi-task, prioritize tasks and work under tight deadlines
  • Ability to work with a positive attitude and in a professional manner
  • Enjoy working in a fast paced, changing environment
  • Possess strong interpersonal and organizational skills
  • Oracle experience is an asset
Please note all offers of employment at Canada Bread Company, Limited are conditional upon the successful completion of a pre-hire background check. This may include anything up to and including a criminal history check, reference checks and/or credit check.

Canada Bread Company, Limited is an equal opportunity employer that embraces diversity in the workplace and encourages applications from qualified women, men, visible minorities, aboriginal peoples and persons with disabilities. We welcome applications from all interested individuals; however, only those candidates selected for an interview will be contacted.

Job seekers with disabilities who require accommodation during the recruitment process or would like more details about accessibility should contact Canada Bread Accessibility at
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