Accounting Manager in Toronto, ON

Accounting Manager Job Description

The Accounting Manager plays a crucial role in overseeing the day-to-day operations of an organization's accounting department. Responsibilities include ensuring the accuracy and timeliness of financial records, managing a team of accounting staff, and providing financial analysis to support informed decision-making. This role manages the month-end and year-end close processes, prepares financial statements, and implements robust internal controls. A Bachelor's Degree in Accounting or Finance is essential, and a Chartered Professional Accountant (CPA) designation is highly preferred. A thorough understanding of Canadian accounting standards (ASPE/IFRS) and tax compliance is paramount.

Typical accounting manager duties:

Oversee all accounting operations, including accounts payable, accounts receivable, payroll, and general ledger.

Lead the month-end and year-end close processes, ensuring accurate and timely financial reporting.

Prepare and review financial statements, ensuring compliance with Canadian accounting standards (ASPE/IFRS).

Manage, mentor, and train the accounting team, fostering a high-performance and collaborative environment.

Establish and maintain strong internal controls and accounting policies to safeguard company assets.

Ensure compliance with Canadian tax regulations (e.g., GST/HST, corporate income tax) and other statutory requirements.

Coordinate with external auditors and assist in the annual audit process.

Provide financial analysis and support for budgeting and forecasting activities.

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Salary for Accounting Manager in Toronto, ON

97260 - 137676

Low

97260

The candidate is new to the role or has limited experience and is building necessary skills.

Mid

113687

The candidate has moderate experience in the role, meets most requirements or has equivalent transferrable skills, and may also have relevant certifications.

High

137676

The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.

Projected salaries for related positions

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Mid

High

Chief Financial Officer

188001

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306381

Director of Accounting

134286

153321

182786

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134026

162447

189565

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119684

147585

179918

Assistant Controller

93870

113426

132722

Senior Accountant – Financial Services

99607

125942

134808

Accountant – Financial Services

85787

94131

105604

Senior Accountant

79529

94392

110558

Accountant

60494

71706

82658

Junior Accountant

52411

58147

63102

Cost Accounting Manager

101953

123335

137155

Senior Cost Accountant

89698

98824

111080

Cost Accountant

65709

79790

94131

Property Accountant

66491

77443

93870

Director of Financial Reporting

135851

159840

186176

Financial Reporting Manager

119424

144195

166619

Senior Financial Reporting Accountant

96738

113687

121249

Financial Reporting Accountant

75618

89698

99085

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Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels.

Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.