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Director, Finance

3 months ago

Old Toronto, Canada TripArc Inc. Full time

Founded in 2017, TripArc is a $750 million privately held company that powers the top Travel Agencies and Tour Operators in North America. Our expansive and growing network empowers seamless access to a comprehensive range of travel options and services globally with over $750 million transactions annually - all at the industry’s best rates.

As an industry leader in technology, purchasing, finance, HR, and marketing, we know how to deliver solutions to travel professionals in the most effective way possible. With deep experience in partnering with two leading brands in the luxury travel space – Kensington Tours and Travel Edge – TripArc has real insight into the needs of tour operators and travel agencies today.

TripArc’s goals are simple: to make our network of over 1400 travel entities more profitable, efficient, and help them create truly unique travel for their clients.

Job Description

Reporting to the Vice President of Finance, Operations, the Director of Finance is a key conduit in executing and achieving the various businesses finance and corporate objectives. The Director of Finance will have accountability to manage a team of 8+ within the operational finance team under the TripArc brand and corporate controllership, governance, and controls for Navigatr Group.

You will be joining a team looking to streamline the financial operations and reporting process, improve treasury support and tax functions, and establish best practices for governance and financial controls. The role will oversee the controllership function and day-to-day operational finance reporting, lead the month-end close process, and be a vital contributor in the planning cycle. Beyond the day-to-day responsibilities, the Director of Finance will be involved in strategic initiatives and projects that drive sustainable cost reductions and profitability.

Responsibilities:

  • Execute the roadmap to introduce, improve, and enhance operational finance, treasury & tax, payables, and governance processes.
  • Work closely with business leaders, directors, and managers to provide oversight and direction to support operational accounting and corporate controllership functions.
  • Liaise with Treasury to support cash flow forecasting, monitor cash requirements, allocate funds for investments, monitor bank covenants, and apply tax-saving strategies.
  • Work with the Strategy & Analytics team on budgeting and forecasting processes through a clear understanding of complex management & financial reporting concepts and key business drivers.
  • Review and improve monthly entity-level financial reporting and management reporting output produced by the finance team to contribute to MD&A and monthly executive meetings.
  • Oversee the reconciliation processes connecting several financial and travel systems and related source inputs.
  • Support all ERP system and subledger migrations, upgrades, enhancements, and fixes, communicating effectively with management, staff, IT, and external consultants.
  • Provide guidance on the GL structure to align the NAV reporting structure to new business drivers, consolidation, and evolving reporting needs.
  • Lead month-end, year-end, statutory, and regulatory reporting requirements with attention to optimizing processes and adding efficiencies.
  • Ad hoc project management as required.

People Management:

  • A low ego, established leadership style, promoting a culture of teamwork, strong communication of key milestones, and motivating the team to achieve higher results.
  • Maintain a “Best in Class” finance team that can evolve quickly in a very fast-paced environment and believes in efficient collaboration both in and out of finance.
  • Collaborate effectively with the VP Finance, Operations and SVP, Finance to implement improved financial reporting, controls, policies, systems, and processes.
  • Effective change & project management, prioritization, multi-tasking, and time management skills to meet deadlines.

Qualifications:

  • Bachelor of Commerce / Business Administration is required.
  • Canadian accounting designation (CPA) is required.
  • 2-5 years of experience managing an operational finance team.
  • Prior experience in the travel and software industry with a tour operator, host agency, and/or consortia background, though not required, would be considered an asset.
  • Intermediate/Advanced level Excel and PowerPoint skills.
  • Experience in a fast-paced operational finance environment, exposure to financial controllership functions, corporate treasury, and tax is an asset.
  • Prior hands-on experience maintaining and using accounting ERP systems, MS Dynamics, MS Navision, Business Central, or SAP is an asset.
  • Understanding of consolidation accounting, including managing complex intercompany transactions/reconciliations, FX translations, and CTA proofs is highly preferred.

Other Skills Required:

  • Exceptional written and verbal communication and analytical skills.
  • Proven ability to present to executive-level management.
  • Highly functional in a fast-paced, constantly changing entrepreneurial environment.
  • Ability to work through conflict and build trust both upwards and downwards.
  • Attention to detail, efficient time management, and effective planning skills with the ability to quickly adapt to multiple and often changing schedules and priorities in a deadline-driven environment.

We are committed to providing employment accommodation in accordance with the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act. If you require accommodation due to a disability at any stage of our hiring process, please advise us when completing your application.

We thank all candidates for their interest, however, only those selected for an interview will be contacted.

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