Chief Financial Officer

8 months ago

Greater Sudbury, Canada Plan A Powered By StaffStat Full time

Plan A Powered By StaffStat is the only staffing strategy in Canada focused specifically on seniors’ care. Our strategy marries people and culture to innovation to help Long Term Care homes optimize their staffing. Our goal is to ensure senior care organizations across our country have access to a strategy that keeps their frontline employees supported and their residents safe and cared for.

Holding a key position on the Senior Leadership Team and working closely with the CEO & President, the Chief Financial Officer is responsible for the financial planning, implementation and monitoring of Plan A Powered By StaffStat’s strategic plan. The CFO will manage all finance activities across all companies. Additionally, the CFO will play a key role in establishing the company’s foundation for growth by leading organization and departmental change, as well as enhancing systems and processes.

**Key Responsibilities**
- Financial Strategy and Planning:_
- Develop and execute the company's financial strategy to achieve long-term financial goals and objectives.
- Provide financial guidance to the CEO, President, and other senior executives.
- Identify opportunities for cost optimization and revenue generation.
- Studies long-range economic trends and projects their impact on future growth.
- Analyzes operations to identify areas in need of reorganization, downsizing or elimination.
- A key part of the team that develops and executes the company’s financial strategy to achieve long-term financial goals and objectives.
- Financial Reporting and Analysis:_
- Prepare and present accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.
- Conduct financial analysis to support strategic decision-making and identify areas for improvement.
- Ensure compliance with financial reporting standards and regulations.
- Monitor business performance through the establishment of key performance indicators and establish corrective measures as required.
- Budgeting and Forecasting:_
- Lead the annual budgeting process and periodic forecasting.
- Monitor financial performance against budgets and forecasts.
- Implement budgetary controls to manage expenses effectively.
- Work with senior team members across the organization to develop departmental budgets and reporting to improve accountability across the organization.
- Risk Management:_
- Identify financial risks and develop strategies to mitigate them.
- Establish risk management policies and procedures.
- Maintain insurance coverage to protect the organization's assets and liabilities.
- Cash Management:_
- Manage cash flow to ensure liquidity and meet financial obligations.
- Optimize working capital to support business operations.
- Monitor and manage investments and banking relationships.
- Capital Management:_
- Evaluate and recommend capital allocation strategies, including investments, mergers, acquisitions, and divestitures.
- Manage debt and equity financing activities.
- Assess and optimize the organization's capital structure.
- Financial Compliance and Governance:_
- Ensure compliance with financial regulations, tax laws, and accounting standards.
- Maintain strong internal controls and financial policies.
- Collaborate with external auditors and regulatory bodies as required.
- Team Leadership and Development:_
- Build and lead a high-performing finance team.
- Foster a culture of accountability, professionalism, and continuous improvement.
- Provide mentorship and professional development opportunities to team members.

**Requirements**:

- Bachelor’s degree in finance accounting, or related field.
- CPA (Certified Public Accountant) or CFA (Chartered Financial Analyst) certification preferred.
- Proven experience in a senior financial role.
- Excellent knowledge of financial regulations, accounting principles, and reporting standards.
- Ability to prioritize workloads and the flexibility to manage multiple tasks and deadlines.
- Ability to take initiative and be self-directed, adaptable, and innovative.
- Ability to work in a team environment.
- Strategic thinking and problem solving abilities.
- Effective communication skills and the ability to present complex financial information to non-financial stakeholders.
- Attention to detail in all areas of work.
- Proficiency in MS Office and Quickbooks.

**Job Types**: Full-time, Permanent

Work Location: In person

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