Senior Accountant

About Xanadu:
Xanadu’s mission is to build quantum computers that are useful and available to people everywhere.

At Xanadu, we are learners, innovators, researchers, collaborators and problem solvers. We are creating something that has never been built before. What we are doing is extremely hard, the classic moon shot. Few people in their life will be able to be a part of something like this, where if we are successful, the technologies we develop will solve some of the world’s most challenging problems, and literally change the world. And that is something to be excited about!

Your role and responsibilities:
We are seeking a detail-oriented and analytical Senior Accountant to join our Finance team. Reporting to the Finance Manager, this role is responsible for inventory accounting, lifecycle management of long-term assets, and core accounting operations that support our research and development initiatives.

In this role, you will combine strong technical accounting expertise with a focus on operational excellence, ensuring that revenue, inventory, and capital investments are accurately recorded, tracked, and depreciated. You will also analyze trends, support forecasting activities, and contribute to strategic decision-making.
The ideal candidate is proactive, solutions-oriented, and highly collaborative, with the ability to operate independently in a fast-paced, dynamic environment while continuously improving processes and systems.

Key Responsibilities:
Inventory & Materials Accounting
Lead end-to-end accounting for inventory and materials, including capitalization, usage tracking, and valuation in accordance with US GAAP.

Fixed Asset Accounting
Manage the full lifecycle of fixed assets, including capitalization of construction- in-progress (CIP), depreciation, disposals, and impairment analysis

Asset Integration & Cross-Functional Collaboration
Partner with R&D, Purchasing, and Facilities teams to track equipment installations and ensure accurate classification and recording of assets

Financial Close & Reporting
Own accounting operations for assigned areas during the monthly, quarterly, and annual close processes
Prepare journal entries, account reconciliations, and roll-forward schedules

Audit & Compliance
Act as the primary liaison for external auditors on inventory, fixed assets, and revenue/grant-related matters
Ensure compliance with US GAAP and internal SOX control requirements

Revenue & Grant Accounting
Lead and optimize revenue recognition and grant accounting processes in accordance with US GAAP
Manage all related accounting activities during month-end and quarter-end close cycles

Core Accounting & Analysis
Prepare detailed journal entries and perform balance sheet reconciliations
Conduct financial variance analysis across revenue, inventory, and capital investment portfolios
Maintain audit-ready documentation and support financial statement accuracy

Government Funding & Reporting
Act as the finance lead for government funding programs (e.g., SR&ED, SIF, FedDev)
Gather and compile technical and financial documentation to support funding claims and reporting requirements

CAPEX Planning & Analysis
Partner with department leaders to develop and manage the annual CAPEX budget
Perform monthly variance analysis (actual vs. budget) to support cash flow management and investment decisions

Expense & Invoice Oversight
Oversee invoice processing and coding for capital projects
Ensure accurate classification between OPEX and CAPEX
Maintain effective accounts payable workflows for major vendors and contractors

Process Improvement
Identify and implement process improvements and automation initiatives to enhance accuracy, efficiency, and scalability

Ad Hoc Projects
Support the Finance Manager on additional accounting initiatives, process enhancements, and cross-functional projects as required

Basic qualifications and experience:

• Bachelor’s degree in Accounting, Finance, or a related field
• Active CPA designation
• 2–4 years of progressive accounting experience in public accounting or industry
• Strong attention to detail with the ability to perform in a fast-paced environment
• Proven ability to take ownership and deliver consistent results
• Excellent communication and project management skills
• Advanced proficiency in Microsoft Excel

Preferred qualifications and experience:

• Experience in a high-growth, agile, or start-up environment
• Familiarity with public company reporting and SOX compliance frameworks
• Experience with ERP systems, particularly NetSuite
• Knowledge of Python and/or SQL is an asset
• Strong understanding of US GAAP

This is for a new position. Your base salary will be determined based on your location, experience, and internal benchmarks. The base salary range is 95,000 - 120,000 CAD. You will also be eligible for equity and benefits.

Our values are important. They are fundamental and lay the foundation for culture at Xanadu. Learn more about our values here.

We are an equal opportunity employer and encourage candidates of all backgrounds to apply. We are committed to building an inclusive, safe, and equitable culture and fostering an environment where our employees feel included, valued, and heard. We are committed to meeting the needs of all individuals and support a barrier-free workplace. Should you require accommodations at any point during the recruitment process please contact Recruiting at [email protected].

Please be advised that we may use artificial intelligence (AI) tools to assist in the screening and assessment of applicants for this position. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.