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Director of Accounting and Finance

Intelligent Wellhead Systems

This is a Contract position in Hamilton, ON posted November 21, 2022.

Intelligent Wellhead Systems (IWS) is currently seeking a full-time, permanent Director of Accounting and Finance to join our Calgary team.

IWS designs, tests, manufactures, and deploys proprietary and unique digital safety and efficiency workflow technologies for oil and gas well completion operations.

IWS is an entrepreneurial, fast-paced company that is growing quickly.

The company’s inVision™ Technology Platform helps oil/gas and oilfield service companies reduce operating risk, lower the total cost of operations, and improve uptime.

IWS, a privately owned technology and services company, is backed by Pason Systems Inc.

(“Pason”) (TSX: PSI). .

JOB TITLE: Director of Accounting & Finance SUMMARY: The Director of Accounting and Finance is a leader who will report to the Chief Operating Officer and will be based out of the Company’s head office in Calgary, Alberta.

As the Director of Accounting and Finance for the organization, you will be responsible for overseeing the organization’s accounting, finance, internal controls, and corporate administrative practices.

The right candidate can not be afraid to ‘get their hands dirty’ as the company scales up.

This is more than just a 9 to 5 job; this is a lifestyle for someone who wants to be an integral part of a rapidly expanding global company that is on a trajectory for significant success.

DUTIES AND RESPONSIBILITIES: To perform this job successfully, an individual must be capable to perform each essential duty to a high standard.

The responsibilities listed below are representative of the knowledge, skill and/or ability required.

As the company works in various countries, most duties and responsibilities have international exposure.

Develop, manage and direct all aspects of accounting, finance, internal controls and financial administrative practices Prepare annual budgets and projections for the corporation as well as for operating entities and development projects Work with the senior executive team to strategize, plan and forecast Work with lenders to ensure compliance with all covenant requirements and to participate in sourcing new financing as required Organize and maintain all financial records for subsidiaries, joint ventures and various partnerships Lead and execute cross border tax planning/activities Develop financial processes and procedures that allow for proper financial reporting Monitor, review, and verify accounting records for accuracy and reconcile all banking relationships on a monthly basis Analyze financial results and monitor budget to actual variances.

Prepare and present reports concerning activities, expenses, budgets, government statutes and rulings and other items affecting program services.

Assists managers in assessing the results Effectively manage the audit process to ensure timely reporting Develop and monitor overall risk management (cash, f/x, tax, legal, insurance, etc.), Review all monthly account reconciliations.

Administer the month end closing process and sets timelines Lead corporate insurance renewal cycles and ensure appropriate coverage Work with management and Board to structure and manage corporate administration of subsidiaries and international operations Maintain all vendor records and appropriate documentation Vendor sourcing and relationship management for certain critical outsourced services Stakeholder management – shareholder/board point-of-contact and coordination on information requests and analytics, corporate documentation and filing coordination for Canada and US Achieve organizational goals and objectives through effectively communicating them and managing assigned resources Oversee the payroll process Review and provide feedback on customer and vendor contracts from accounting and finance perspectives Be knowledgeable of all policies and procedures and assure compliance Provide direction and perform activities related to improving department and employee performance to meet goals and objectives and achieve cost savings Preparation and distribution of timely monthly financial statements and publishing to online system Model a professional image and demeanor with internal and external customers QUALIFICATION REQUIREMENTS: Bachelor’s Degree in accounting/finance/business administration and a CPA are required Has a strong understanding of ASPE and IFRS The ideal candidate will have a minimum of 10 years of progressive accounting experience, including supervision of an accounting unit Capable of working with detailed financial models and complex transactions Expert with Microsoft Excel, proficiency with other Office applications as well as Microsoft Business Central Experience with international operations, particularly in the US, is considered an asset Experience in upstream oil and gas services is considered an asset Outstanding written, verbal, interpersonal, presentation and communication skills Strong Organizational skills required Demonstrates willingness to take initiative and be a problem solver Entrepreneurial mindset Positive attitude Pragmatic, productive, honest, and passionate