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Manager, Finance

3 months ago


Toronto, Ontario, Canada Stonewood Group Inc. Full time

Publicly traded, our client provides design, engineering, construction and maintenance services to government entities, telecommunication firms as well as power and utilities businesses.

Our client's offerings include underground and aerial construction, inventory management, and technical services including fibre to the building and home.

As an integral member of the senior Leadership Team the CFO shall provide financial guidance and counsel on all matters relating to the finance function including strategic business planning, budgeting and forecasting, business analysis, and corporate growth strategies.

Reporting to the CEO, the CFO shall be responsible for the achievement of the organization's strategic financial goals by working with the Leadership Team to develop and plan the goals, objectives and strategies of the company and to execute these plans with discipline and operational efficiencies achieving best in class status.

Provide hands-on leadership, guidance, mentorship and performance management to the finance staff in the organization.

Provides sound financial advice and recommendations on strategic and operational issues, including business opportunities, expansion and/or business acquisition plans and capital structure.

As part of the Leadership Team, actively participates, makes recommendations and provides analysis on the execution of the strategic plan and initiatives, attends appropriate Board meetings, and advises the co-CEOs and Board on matters affecting the operations of the company.

Has fiduciary responsibility to the board (audit committee) and regulators in addition to supporting the executive team.
Manages the Finance Department
Ensures compliance with accounting and taxation requirements in a variety of jurisdictions.
Continually monitors the tax structure and recommends changes when appropriate.
Develops and ensures compliance with corporate policies and procedures and internal controls to protect corporate assets.
Determines the succession requirements for the department and identifies training, or on-the-job experiences required to advance internal employees.
Sets objectives and assigns work, monitors progress and evaluates the performance of department employees.
Manages the treasury function to ensure that working capital is available to deliver on the organization's strategic objectives.
Manages the Enterprise Risk Management System
Identifies and analyzes areas of risk; determines strategies and tactical plans and assigns accountabilities to mitigate corporate risk.
Manages the process to determine corporate insurance needs and negotiates plans and annual renewals with brokers. Negotiates insurance claims when they arise.
Identifies areas of risk that can be hedged through financial instruments and devises and recommends hedging strategies.
Manages the system of Internal Controls and the Controllership function
Ensures that internal controls are effective.
Identifies processes that require enhanced control and in consultation with leadership team implements such controls.
Participates in the development and execution of Merger and Acquisition (M&A) strategies
Leads the financial due diligence of M&A targets, evaluates/models the potential financial contribution/risk of potential targets.
Conducts a risk assessment of all proposed transactions and develops a financing structure to mitigate any inherent risks.
Leads the tax structuring/accounting requirements of potential transactions.
Develops and maintains relationships with corporate banks to secure financing for acquisition and growth plans, as required.
Liaises with banks and investment advisors to raise equity capital and debt.
Manages the preparation, delivery and analysis of monthly, quarterly, and yearly financial statements and reports.
Co-ordinates quarterly meetings of the Audit Committee of the Board, including preparation and review of applicable materials.
Co-ordinates the development and approval of annual budgets for all business units.

Manages the preparation of financial analysis against plan, co-ordinates the preparation of "Latest Estimates" reports, forecasts cash requirements, and ensures the provision of variance explanations.

Manages Corporate Investor Relations Program
Leads the strategic direction and then delivery of corporate Information Technology

Leads the Executive Team to determine IT strategy, organizational requirements, service offerings and processes and to evaluate IT expenditures.

Maintains professional and technical knowledge
~ Participates in educational workshops, reviews professional publications, establishes personal networks and conducts research to identify and benchmark industry best practices.

Demonstrates and leverages knowledge of market conditions, competitors and peer organizations as well as the financial underpinnings of the business
Ability to put together thoughtful, succinct business analysis to drive strategic business decisions
Aggressively pursues opportunities by encouraging risk taking within the boundaries of accountabilities and capabilities
Develops innovative strategies to address future market/business scenarios and creates actionable plans
possesses a foundation for strategic thinking
Possesses an extensive and distinctive track record of solid performance, achieving ambitious targets for his/her area of responsibility
Maintains high standards of performance for himself/herself and others
Demonstrates a high level of accountability, going beyond conventional performance benchmarks; Building Relationships & Using Influence
Balances data, personality and positional power when influencing others
The following indicates specific industry, academic and functional experience/qualifications that are important to the successful achievement of the identified responsibilities and performance deliverables
Bachelor Degree in Finance, Commerce or Administration with CA or equivalent designation
A minimum of 10-15 years of progressive, hands-on experience in financial management with increasing responsibilities for multi-faceted direction and planning, including in-depth analysis of corporate business data