Mississauga Director, Finance

Our customer is a well backed, profitable and growing, consumer package goods and services retail business of a large US-based marketing group. This unique, Canadian, retail business unit is run autonomously and has a friendly, familial yet professional and results oriented business culture. Launched in 2013, the retail business has reached the development stage where it now needs to automate reconciliations and, where possible, other accounting functions and develop existing Finance staff to take on greater responsibilities performing financial and business analysis – so the business can continue to grow.

The Director, Finance position is focused on maintaining the timely and quality financial reporting (10 day close), providing strategic and tactical input as a member of the senior management team, budgeting, forecasting and mentoring & developing staff to effectively take on higher level financial responsibilities. Effective, hands-on, financial and business analysis and KPI development skills are personally required of the Director, Finance. Professionally communicating quarterly financial results, variances and explanations to the two large corp. senior executive client teams is also required.

Reporting directly to the Managing Director and dotted line to the VP, Finance at the Canadian corporate office, the salary range for this Director, Finance position is $110,000 to $140,000, (dependent upon experience) a 15-20 % performance-based bonus, comprehensive benefits, including a 50% matched by the company on up to 3% of compensation (increasing to up to 6% of compensation after five years service) RRSP program and reimbursement of all CPA and ongoing professional development fees.

If you are or know of a results-oriented, hands-on with Microsoft Excel for financial and business analysis and KPI development Chartered Professional Accountant business leader who can effectively lead staff, deliver automation change while maintaining reporting accuracy & timeliness and also contribute meaningfully at the senior strategy table, please arrange for a resume to be sent to client1127@financialinterviewer.com e-mail subject line: Mississauga Director, Finance by December 11th.

Please see position behaviours and responsibilities details below.  No agencies please.

Position Behaviours

  • Use researched, factual, information when solving problems and apply logic when handling hands-on analysis utilizing Microsoft Excel – V Look Up, Index Mapping and Pivot Table skills required. The incumbent must be, or very quickly become, comfortable working with multiple sources of data and combining them to personally do analytics.
  • Actively and effectively mentor and train staff.
  • Be a self-starter in order to achieve tasks and overcome problems as well as provide direction for staff and advice at the senior decision table.
  • Help create or enhance a culture of continuous improvement.
  • Challenge the status quo in order to achieve or enhance a business culture dedicated to continuous improvement and best practice.
  • Openly communicate. This is a communication, financial reporting, hands-on financial and business analysis and strategic planning Director, Finance position. Silo’d thinking and/or non collaboration or non-co-operational behaviour will not fit within the business’ culture.
  • Continually seek out opportunity to serve, practicing and encouraging a culture of strategic excellence.
  • Encourage a high level of performance in self and others.
  • Remain professional, calm and collaborative while multitasking and juggling multiple work priorities.
  • Objectively evaluate situations and calculate risks while justifying and defending correctness of the base information.
  • Enjoy the challenge of problem solving and come up with well thought through, practical, solutions.
  • Be proactive and energetic in the work situation, seeking to get things done and at the same time deal with a variety of tasks.
  • Bring strategic awareness and thinking to the senior table where your financial leadership thoughts are needed, heard and appreciated.
  • Be self-confident (without being arrogant) and have drive to meet deadlines in a business environment which could have variety and interruption.
  • Be imaginative, enthusiastic, inspiring, logical, systematic and precise.
  • Have the ability to communicate with others effectively and work within well-defined parameters, while at the same time retaining standards and making things happen quickly.
  • Always bring strong, positive, business values and ethics and the ability to implement and/or maintain controls appropriate for a private business.
  • Always and only be honest, ethical, up-front and respectful during all verbal and written communications with everyone inside and outside the organization.

Position Responsibilities:

      • Upon arrival, invest time, attention and listening skills to learn about this unique retail business structure, the people, the current processes and policies and procedures and develop positive, trust-based, company-wide business relationships. Do a detailed review of the recently renegotiated major client agreement. Work with the Managing Director to establish what new financial and/or KPI reporting requirements are needed.
      • Begin to meet with the accounting staff (5), understand their needs and current work tasks and form positive business relationships with them. Start to provide coaching, guidance and support and set professional development plans to assist employees to reach their full potential through the performance management process.
      • The Director, Finance needs to be knowledgeable about ASPE and know enough about HST/QST/PST/GST to effectively manage the Canada-wide reporting needs. Ensuring external filings are completed in a timely manner. Sales tax filings in particular.
      • Ensure the retail staff are paid accurately and on-time as this is very important to the success of the business.
      • Personally responsible for calculating monthly commission payouts and quarterly bonuses for payroll.
      • Consistently ensure the company is in compliance with all internal policies and relevant regulations.
      • Oversee preparation of detailed reconciliations of all GL accounts and review payroll on a semi-monthly basis.
      • Within 30 days, due to the recently renegotiated major client agreements, utilizing Microsoft Excel, personally work to develop and/or refine the KPI metric reporting for the project. It will require pulling data from the RQ POS (Point of Sale) and the NI time and attendance systems.
      • Learn and effectively use the Microsoft Dynamics GP software.
      • After reviewing the monthly reconciliations produced by staff, the Director, Finance is responsible for compiling the quarterly business information and financial results to be presented to the two clients.
      • Within 45 days, develop regular reporting and analysis, including key metrics reports, and conduct ad hoc financial analysis as required. Identify variances to the actual vs. budget/forecast on a timely basis.
      • Soon after 45 days, have developed strong relationships with the two major clients to ensure full communication and coordination of the financial aspects on the project managed on their behalf.
      • Within 60 days, personally manage the weekly cash flow forecasts. Effectively oversee the General Accountant who is responsible for supporting the A/P and A/R staff.
      • Lead staff to maximize collection of subsidy payments from clients to reconcile on a monthly basis and pursuing unpaid amounts.
      • Manage the Subsidy Analyst to perform monthly reconciliations, claw backs and inquiries.
      • By 90 days, have a solid understanding of the current retail operations and major client operations. Have made significant inroads learning what it takes to run the business successfully.
      • Know and understand the numbers and stay on top of them so the Managing Director’s questions about variances are anticipated and quickly and accurately addressed.
      • After 120 days, begin to obtain information from the other Directors and, utilizing Microsoft Excel, begin the process of re-forecasting the next quarter. Develop, manage and defend budgets designed to accommodate profitable ongoing business growth.
      • By 180 days, have earned the confidence of the Managing Director, the other members of the senior management team and the major client senior executives so they feel comfortable that the financial and metrics/KPI reporting is meeting expectations.
      • Via effective, accurate, hands-on, financial analysis, meaningfully assist the Managing Director and the other Director level teammates with strategic thinking which contributes towards shaping the direction and focus of the business. From the financial perspective, help steer the business in the right direction and keep things on a fiscally responsible path.
      • Know and understand the numbers and stay on top of them so the Managing Director’s questions about variances are anticipated and quickly and accurately addressed.
      • After 120 days, begin to obtain information from the other Directors and, utilizing Microsoft Excel, begin the process of re-forecasting the next quarter. Develop, manage and defend budgets designed to accommodate profitable ongoing business growth.
      • By 180 days, have earned the confidence of the Managing Director, the other members of the senior management team and the major client senior executives so they feel comfortable that the financial and metrics/KPI reporting is meeting expectations.
      • Via effective, accurate, hands-on, financial analysis, meaningfully assist the Managing Director and the other Director level teammates with strategic thinking which contributes towards shaping the direction and focus of the business. From the financial perspective, help steer the business in the right direction and keep things on a fiscally responsible path.
      • Within Microsoft Excel, in cooperation with teams at the two major clients, develop the commission modelling for next year.
      • At approximately 210 days, in cooperation with the related business unit leader(s), working hands-on, finish developing next years business plans and budgets for the business unit and the two major clients and present to the Managing Director for review, revision and approval.
      • Annually (Dec.Year-End) liaise with and provide accurate and timely financial information to the external auditors. And, act as the lead on any government audit requirements.
      • Working with the loss prevention team assist in identifying shrink/fraud/operational deficiencies.
      • Other tasks, projects and reporting requirements required of a Director, Finance looking to serve as a highly effective financial leader within an privately owned, profitable and growing, retail business.