Financial Analyst I

Bausch + Lomb (NYSE/TSX: BLCO) is a leading global eye health company dedicated to protecting and enhancing the gift of sight for millions of people around the worldfrom the moment of birth through every phase of life. Our mission is simple, yet powerful: helping you see better, to live better.

Our comprehensive portfolio of over 400 products is fully integrated and built to serve our customers across the full spectrum of their eye health needs throughout their lives. Our iconic brand is built on the deep trust and loyalty of our customers, established over our 170-year history. We have a significant global research, development, manufacturing, and commercial footprint of approximately 13,000 employees and a presence in approximately 100 countries, extending our reach to billions of potential customers across the globe. We have long been associated with many of the most significant advances in eye health, and we believe we are well-positioned to continue leading the advancement of eye health in the future.

Job Title: Financial Analyst

Location: Vaughan, Ontario (Hybrid)

Position Summary:

The Financial Analyst, reporting directly to the Senior Manager, General Accounting, is responsible for processing monthly, quarterly, and annual accounting activities. In this role, the incumbent will record accruals, reallocations of expenses by line of business, and prepare month-end inventory entries. They will also participate in special projects and ad-hoc analysis to support business goals.

Responsibilities:

• Perform general accounting activities such as recording journal entries, analyzing financial variances, and preparing balance sheet reconciliations while ensuring that proper accounting policies are followed
• Prepare month-end inventory entries (in-transit inventory, obsolescence and excess inventory provisions, intercompany mark-up, purchase prices variances, etc.)
• Ensure intercompany balances related to inventory are reconciled/balanced monthly
• Account for deductions by product (surgical rebates, cash discounts, returns, trade spend, etc.)
• Participate in monthly, quarterly, and year-end closings, including analyzing trends/variances
• Record and follow up on monthly accruals
• Perform frequent uploads of all accounting records into the consolidation system during the month-end
• Record the reallocation of expenses by line of business
• Coordinate the collection of relevant documents for either the external or internal auditors
• Ensure the correct application of SOX controls in effect (Data extraction, report preparation, control validations, and gathering of documentation)
• Work closely with other departments (Ops, Sales, Supply chain) as well as outsourcing parties
• Prepare Statistics Canada reports
• Prepare and declare GST/HST/QST/etc. reports for all the appropriate government agencies
• Other relevant task
• Perform various analysis requested by supervisors

Candidate Profile:

• CPA designation preferred or relevant work experience
• University degree in Finance or Accounting
• Advanced Microsoft Excel skills (e.g., Pivot tables, formulas: VLOOKUP, sumifs, concatenate, right/left, etc.)
• Knowledge of SAP is an asset
• Demonstrate strong organizational skills, engagement, versatility, thoroughness, and autonomy
• Strong communication skills (in writing and verbal)
• Must work efficiently in high-pressure situations
• Ability to work as a team

Personal Qualities:

• Takes initiative (one step ahead), perseveres, strong character
• Calculated risk-taker: understands consequences and makes the right calls based on them
• Entrepreneurial, adaptable, flexible
• Roll up Sleeves attitude, practical, efficient
• Goal-oriented, data-based, decisive
• Open-minded; seeks out of the box solutions
• Strong interpersonal skills. Team player; collaborative
• Personal and professional integrity

For Canada locations that require disclosure of compensation, the starting pay for this role is between $70,000.00 and $90,000.00. The estimated salary range reflects an anticipated range for this position. The actual base salary offered may depend on a variety of factors

The masculine is used in this publication without prejudice for the sake of conciseness.

Bausch & Lomb is committed to equal employment opportunity and complies with equal employment opportunity laws in effect wherever it operates.

We are an equal opportunity employer. Minorities, women, veterans, and individuals with disabilities are encouraged to apply. Accommodations for job applicants with disabilities are available on request.

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