Financial Accountant - Contractor in Burnaby, British Columbia, Canada (# 3418)

About Us

IAA Holdings, LLC (IAA), a Ritchie Bros. Auctioneers company (NYSE: RBA) and (TSX: RBA), is a trusted global marketplace for insights, services, and transaction solutions for commercial assets and vehicles. Leveraging leading-edge technology and focusing on innovation, IAA’s unique platform facilitates the marketing and sale of total-loss, damaged and low-value vehicles. IAA serves a global buyer base – located throughout over 170 countries – and a full spectrum of sellers, including insurers, dealerships, fleet lease and rental car companies, and charitable organizations. Buyers have access to multiple digital bidding and buying channels, innovative vehicle merchandising, and efficient evaluation services, enhancing the overall purchasing experience. IAA offers sellers a comprehensive suite of services aimed at maximizing vehicle value, reducing administrative costs, shortening selling cycle time and delivering the highest economic returns.

About The Team

Job Description

This role is responsible for the accurate representation and recording of the company’s inventory arising from North America contracts.  The position has a good understanding of the inventory cycle for RB entities including contract support and review, inventory tracking, revenue recognition and COGS accounting and accuracy, and intercompany processes and accounting. 

Please note this is a contract role that may last up to 12 months in length.

Responsibilities

• Ensure North America financial results related to inventory contract revenue recognition, COGS, and inventory valuation are reported accurately and in a timely manner in accordance with GAAP, corporate and regulatory requirements, both pre and post auction.
• Preparation and/or review of monthly and quarterly working papers relating to inventory and inventory contracts, ensuring proper classification and no material misstatement.
• Maintains a solid understanding of the business, its transactional and contractual obligations regarding inventory and becomes directly involved in specific business issues and their resolution.
• Participation in special projects, committees, and other duties/projects as may be assigned.
• Review inventory contracts and determine appropriate accounting treatment.
• Determine necessary period end journal entries relate to inventory deals
• Perform research when needed.
• Manage time effectively to handle a high-volume workload in a deadline driven environment.
• Foster strong customer relationships by interacting with both internal and external customers.
• Work closely with the other departments and offices to address issues and ensure alignment.
• Availability to travel for training, networking, and departmental projects.  Occasional travel to auction events for training & relationship building

Qualifications

• Bachelor’s degree in Accounting required, CPA or other professional accounting credentials preferred.
• Knowledge of inventory accounting, business law, and GAAP reporting including accrual accounting, internal controls and basic knowledge SOX requirements.
• Three to five years of relevant experience preferred.

EEOC

Ritchie Bros. is an equal opportunity employer and ensures nondiscrimination in all activities in accordance with all applicable laws. This position is open to all qualified applicants who are legally entitled to work in the country in which this job is located. Candidate selection is made by Talent Acquisition. Only electronic applications can be accepted.