Chief Financial Officer

Executive & Board Level Search I Senior Consultant I North America Client: Financial Services Regulatory Authority Reports to: EVP Corporate Services Location: Toronto THE ORGANIZATION The Financial Services Regulatory Authority of Ontario (FSRA) is a dynamic, independent, board-governed regulator dedicated to serving the public interest, fostering a strong, sustainable, competitive, and innovative financial services sector, and strengthening non‑securities consumer, member, and pension plan beneficiary protections in Ontario. FSRA regulates property and casualty insurance, life and health insurance (including auto insurance rates), credit unions and caisses populaires, loan and trust companies, mortgage brokers, health service providers, financial planners/advisors, and pension plans. FSRA is building an agile, forward‑thinking and collaborative culture and is committed to encouraging innovation, competition, and market integrity. THE OPPORTUNITY The Chief Financial Officer (CFO) is accountable for developing and delivering on the finance priorities of the organization. This includes overall leadership of the related teams, infrastructure, systems and services that enable the delivery of controllership, budgeting, financial planning & analysis, payroll, reporting, accounting, procurement, and facilities. Set the vision, strategy, and priorities for the finance function, aligning with broader organizational goals. Lead teams responsible for controllership, budgeting, financial planning & analysis, payroll, reporting, accounting, and procurement. Provide robust financial expertise, advice, and support across financial planning, budgeting, reporting, internal controls, fee assessment, cash management, payroll, asset protection, investments, procurement, and project finance. Oversee the development and implementation of financial analysis, reporting systems, policies, and standards. Ensure compliance with legislative requirements, accounting principles, and audit standards. Set and monitor financial targets, analyze and report on financial performance, and develop operational plans and performance metrics for finance. Design and manage the funding model, including stakeholder consultations and system development, ensuring compliance with legislative requirements. Champion a collaborative, forward‑thinking culture and drive innovation and continuous improvement within the finance function. Advise senior executives on financial planning, reporting, control initiatives, and confidential board‑level financial matters. Provide financial reporting to Audit, Finance, and Risk Committees. Build an agile, diverse, and high‑performing finance team, fostering a culture of service excellence, accountability, and positive employee experience. IDEAL CANDIDATE CPA or equivalent degree in accounting or finance combined with progressively more responsible senior finance leadership experience. Strong financial skills and acumen with deep expertise in financial planning & analysis, budgeting, and controls. Experience working within complex funding/reporting frameworks. Excellence in strategic leadership, business partnering, business process engineering, data‑driven decision‑making, communication, and relationship building/management. WHY JOIN FSRA? FSRA’s vision is to ensure financial safety, fairness, and choice for Ontarians. As a financial services regulator, FSRA is passionate about protecting consumers. Their principles‑based approach enables rapid and effective responses to evolving consumer and industry needs. FSRA attracts individuals who are interested in meaningful work and who measure success through outcomes, not inputs. FSRA invests in the personal and professional growth of its team and offers a competitive compensation package that includes an employer‑matched defined benefit pension plan and a comprehensive benefits plan. It prioritizes learning and development, wellbeing, diversity, equity, inclusion, and belonging, and community giving. #J-18808-Ljbffr