Junior Accountant

Skip To Job Description Junior Accountant Toronto, Canada Full Time Finance Mid Level Share About Xanadu:Xanadu’s mission is to build quantum computers that are useful and available to people everywhere.At Xanadu, we are learners, innovators, researchers, collaborators and problem solvers. We are creating something that has never been built before. What we are doing is extremely hard, the classic moon shot. Few people in their life will be able to be a part of something like this, where if we are successful, the technologies we develop will solve some of the world’s most challenging problems and literally change the world. And that is something to be excited about!Your role and responsibilities:In this role, you will be responsible for maintaining accurate financial records and ensuring the integrity of our financial reporting. Key responsibilities include: Responsible for recording and tracking financial transactions included for prepaids, leasing, loans including preparing monthly journal entries.Month-End Reconciliations: prepare monthly reconciliations related to areas of responsibilities and various general ledger accounts.Ownership and Accuracy: Take control of assigned areas to ensure accurate and complete values are posted to the financial statements.Cross-Functional Collaboration: Maintain a collaborative work style to engage effectively with the organization and vendors while strictly adhering to internal policies and procedures.Month end and quarter end activities: support accounting team with various month end and quarterly tasks as requiredMaintain and manage reconciliations of general ledger accounts to ensure accuracyGeneral Ledger SupportAssist in recording and tracking financial transactions, including prepaids, leases, and loansResponsible for recording and reconciling leasing, loan, and prepaid activities, including preparing related journal entriesPrepare and post routine journal entries (accruals, adjustments, reclassifications)Monitor account balances and investigate or escalate discrepanciesMonth-End & Year-End CloseSupport month-end, quarter-end, and year-end close processesEnsure transactions are recorded accurately and on a timely basisAssist in preparing supporting schedules and documentation for financial reportingAccount ReconciliationsPrepare monthly reconciliations for assigned general ledger accountsPerform balance sheet reconciliations and resolve reconciling itemsEnsure reconciliations are accurate, complete, and completed within deadlinesFinancial Accuracy & OwnershipTake ownership of assigned tasks to ensure completeness and accuracyMaintain organized and audit-ready documentationUphold data integrity across financial recordsFinancial Reporting & AnalysisAssist in preparing internal financial reports and schedulesSupport variance analysis and identify basic trends or inconsistenciesCompliance & Audit SupportFollow accounting policies, procedures, and internal controlsSupport internal and external audits by preparing documentation and responding to requestsMaintain organized records in compliance with US GAAP/IFRS standardsCross-Functional CollaborationPartner with AP, AR, payroll, and other teams to ensure accurate financial dataCommunicate effectively with internal stakeholders and external vendorsProcess ImprovementIdentify opportunities to improve efficiency and accuracy in daily accounting tasksSupport automation and process enhancement initiativesAd Hoc SupportAssist the accounting team with additional month-end tasks, projects, and operational needs as requiredBasic qualifications and experience:Bachelor’s degree in Accounting, Finance, or a related field0–2 years of accounting experience (internship or co-op experience considered)Strong Excel skills (e.g., VLOOKUPs, Pivot Tables, basic formulas)High attention to detail and strong organizational skillsStrong sense of accountability and willingness to...