Executive Brief

Senior Accountant
Inuvialuit Regional Corporation

April 2024

Key Opportunities & Challenges

Complex & Dynamic Organization: Since its inception, IRC has experienced considerable growth, currently valued at over $1 billion. Concurrently, its structure and operations have become increasingly complex to accommodate and enable such size and expansion. Combining local government, community development, investment and operating business divisions all managed by a single financial back office, the organization has a unique tax structure and array of other complexities for the staff to navigate. The new Senior Accountant will need to possess technical depth and breadth in order to effectively grapple with such complexities that will only increase as the organization continues to acquire and grow.

 

Technical Accounting Expertise: The Senior Accountant will report into the Controller who reports into the CFO and will handle full cycle financial and managerial accounting for some of the subsidiary operating companies. The complexity of the operations and structure of the Inuvialuit Corporate Group provide unique and interesting challenge as the organization uses ASPE, IFRS, and ASPNO accounting standards. While the Senior Accountant is not required to know all standards, expertise in one and a willingness to learn will be highly valuable. Technically adept, the Senior Accountant will love spreadsheets and is expected to be both a thinker and a doer. Comfortable with rolling up their sleeves, the Senior Accountant will be a self-starter and problem solver who thrives in figuring things out and taking on additional responsibilities.

 

Subsidiary Support: IRC’s many subsidiary organizations cover a broad spectrum of business and social interests and will have differing and wide-ranging needs for support. The new Senior Accountant will work directly with a few of their subsidiary operating businesses to provide full cycle accounting and reporting support. Moreover, the Senior Accountant will be able to take a critical look at processes, controls and operations to support and influence future growth of these enterprises.

 

Relationship Management: IRC is a unique organization with diverse interests, operations, and stakeholders, all of which the new Senior Accountant will be exposed to in the role. As such, the ability to quickly grasp and immerse seamlessly with IRC’s culture, structure and priorities and appreciate the perspectives of beneficial shareholders whom the organization was created to serve will be crucial in determining the success of this role. Likewise, fostering strong relations with the subsidiary management will be key in building trust and productive working relationships across the enterprise.

 

Life in the North: Life in Inuvik will especially appeal to those who appreciate rural environments, fantastic natural beauty and tight-knit communities. In alignment with IRC’s mission to preserve and improve Inuvialuit economic, social and cultural wellbeing, the Senior Accountant will want to actively integrate with the Inuvik and other Inuvialuit communities in order to gain understanding and appreciation of the perspectives of the shareholders and other stakeholders throughout the North.

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