Position Summary

The CFO position is accountable for the accounting operations of the company, to include operations Globally, the production of periodic financial reports, maintenance of an adequate system of accounting records, and a comprehensive set of controls and budgets designed to mitigate risk and enhance the accuracy of the company's reported financial results, and ensure that reported results comply with generally accepted accounting principles or international financial reporting standards.

Job Duties

Management

1. Maintain and oversee a documented system of accounting policies and procedures

2. Manage outsourced functions

3. Oversee the operations of the accounting department, including the design of an organizational structure, coaching, training, and overall employee engagement to achieve the department's goals and objectives

4. Oversee the accounting operations of subsidiary corporations, especially their control systems, transaction processing operations, and policies and procedures.

5. Driving the company's financial planning

6. Performing risk management by analyzing the organization’s liabilities and investments

7. Deciding on investment strategies by considering cash and liquidity risks

8. Reports financial status by developing forecasts, reporting results, analyzing variances, and  developing improvements

9. Monitors financial performance by measuring and analyzing results, initiating corrective actions, and minimizing the impact of variances.

Oversee -Transactions

1. Ensure that accounts payable are paid in a timely manner

2. Ensure that all reasonable discounts are taken on accounts payable

3. Ensure that accounts receivable are collected promptly

4. Process payroll in a timely manner

5. Ensure that periodic bank reconciliations are completed

6. Ensure that required debt payments are made on a timely basis

7. Maintain the chart of accounts

8. Maintain an orderly accounting filing system

9. Maintain a system of controls over accounting transactions

Reporting

1. Issue timely and complete financial statements

2. Coordinate the preparation of the corporate annual report

3. Recommend benchmarks against which to measure the performance of company operations

4. Calculate and issue financial and operating metrics

5. Manage the production of the annual budget and forecasts

6. Calculate variances from the budget and report significant issues to management

7. Provide for a system of management cost reports

8. Provide financial analyses as needed, in particular for capital investments, pricing decisions, and contract negotiations

Compliance

1. Coordinate the provision of information to external auditors for the annual audit

2. Monitor debt levels and compliance with debt covenants

3. Comply with provincial,  state, and federal government reporting requirements and tax filings

All other related duties as required

Requirements:

• Minimum 10 years’ experience in accounting and financial management practices.
• Diploma or Degree in Accounting and/or Business Administration
• Certified Accountant Designations
• Must have excellent analytical skills
• Sound understanding of accounting principles.
• Computer Skills include AS 400, Excel, Microsoft Office
• In depth knowledge of corporate financial law and risk management practices
• Strong leadership and organizational skills