Assistant Controller

Assistant Controller

ABOUT COOLIT SYSTEMS INC. 

Founded in Calgary, Alberta in 2001, CoolIT Systems is the leading Direct Liquid Cooling technology provider for data centers, supercomputers, and desktop computers. We design and manufacture solutions used by the largest tech companies globally. 

Recognized as one of "The Americas' Fastest Growing Companies 2023" by Financial Times and honored with the Deloitte Fast 50 Clean Technology award in 2022, as well as the Deloitte Fast 500 distinction in both 2021 and 2022, CoolIT's rapid growth is capturing global attention. 

As demand for generative AI, high performance computing and cloud solutions rapidly expands, there has never been a more exciting time to join our team. 

WHAT YOU'LL DO: 

Role: 

Reporting to the Controller, the Assistant Controller will play a key role in supporting the company's financial operations, ensuring compliance with accounting standards, and contributing to both process improvement and operational decision-making. This position is ideal for a detail-oriented accounting professional with strong analytical capabilities and a collaborative mindset, especially someone who thrives in a fast-paced technology or manufacturing environment.

Responsibilities: 

• Own weekly global cash flow visibility and a rolling 8+ week liquidity forecast, consolidating multi-entity/multi-currency cash activity, analyzing drivers/variance, and supporting treasury decisions on funding, payments, and intracompany settlements.
• Own complex general ledger accounting for a multinational manufacturing environment, including journal entries and account reconciliations for intercompany transactions and eliminations, inventory valuation, COGS and standard cost variances, FX remeasurement, and cross-border movements of goods and fixed assets.
• Partner with the Controller and FP&A on pre-close review of key P&L and balance sheet accounts, delivering flux/variance analysis, validating assumptions, and escalating risks prior to close.
• Lead month-end and year-end close execution for general accounting and accounts receivable, driving the close calendar, reviewing reconciliations and supporting schedules, and ensuring timely, accurate financial records and close deliverables.
• Drive improvements to accounting policies, procedures, and internal controls, prioritizing automation, audit-ready documentation, and consistent execution across global entities and processes.
• Own the annual external audit end-to-end, managing the plan, timeline, and PBC deliverables across AP, AR, treasury/fixed assets, and international accounting, and coordinating audit support for inventory/costing, intercompany, FX, revenue, and fixed assets.
• Partner with IT and business stakeholders to deliver ERP enhancements and module implementations (Field Service Management, U.S. Sales Tax, UAE VAT), including requirements, testing/UAT, data validation, systems integration, and post-go-live stabilization with a focus on financial reporting impacts.
• Act as a key escalation point and backup to the Controller, leading ad hoc analyses and special projects that support finance priorities and scaling global operations.

WHO YOU ARE: 

Basic Qualifications: 

• CPA designation (or in final stages of completion) is required.
• 8 - 10 years of progressive accounting experience, ideally in a manufacturing or tech environment.
• Solid understanding of US GAAP and financial reporting standards.
• Strong knowledge of cost accounting (an asset), relevant industry experience
• Hands-on experience with ERP systems (e.g., SAP, NetSuite, or Microsoft Dynamics).
• Proficient in MS Excel and financial statement analysis.
• Exceptional attention to detail, with strong organizational and problem-solving skills.
• Excellent interpersonal and communication skills; able to work effectively with colleagues across departments.
• A collaborative team player who contributes to a positive work environment and supports team and organizational goals.
• Comfortable translating complex financial data and concepts to non-financial audiences and working closely with operations, supply chain, and other business units.

WHY COOLIT? 

We strive to be an employer of choice and as such we believe in rewarding our employees with career and development opportunities that will maintain and strengthen our culture while aligning to our vision and values. 

We are a company that is full of vibrant, innovative people who love what we do. 

Benefits:

• Vacation and flex days, and paid company-wide shutdown during the holiday season. 
• Comprehensive benefits including Dental, Drugs, Optical, Paramedical and Health Spending. These costs are covered by CoolIT and are enacted from your first day. 
• Dress for your day – in a casual yet professional environment. 
• Retention rewards like "The Big Coffee Break" that reward tenure with additional vacation time and a monetary bonus. 
• Employee ownership program. 
• Company-funded RRSP contributions to support your long-term financial goals.

We thank every candidate in advance, however, only those selected for an interview will be contacted. 

Successful candidates for this position will be required to undergo background checks including criminal records check and education.