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Finance Director

3 months ago

Dartmouth, Canada Mara Renewables Corp Full time

Company Overview:

Mara Renewables Corporation (Mara) is dedicated to transforming natural resources, enhancing human nutrition, and promoting wellness while protecting the environment. Our mission emphasizes the urgent need to innovate health ingredients for human consumption and related sectors by harnessing the synergy of science and nature to foster a sustainable and healthier future.

From our origins as a research and development startup, Mara has evolved into a prominent player in the algal omega-3 oil market, serving vital industries such as food, beverages, and infant nutrition. Our focus on commercializing proprietary technologies, combined with the expertise of our talented team of research scientists in biology, fermentation, extraction, product quality, and analytical chemistry, has propelled our growth.

We are currently seeking a seasoned Director, Finance to join our team.

Position Overview:

Reporting directly to the Chief Financial Officer, this senior management position is integral to both the finance department and the broader organization of Mara Renewables. The Director, Finance will collaborate closely with the CFO, overseeing all internal financial operations while the CFO manages external financial relations.

As the Director, Finance, you will be the central figure in all internal business and financial processes. This leadership role entails guiding direct reports and collaborating with cross-functional teams to support the expanding finance objectives. You will be a vital part of a cooperative team, playing a crucial role in harmonizing various operational components.

Your responsibilities will include supervising all financial reporting and managing the organization's funding requirements, supported by the accounting team that provides monthly financial data for consolidation and reporting.

The consolidated financial outcomes are essential for a wide array of stakeholders who rely on them for making significant funding, investment, and lending decisions. These financial statements are audited in accordance with Canadian Accounting Standards for Private Entities.

Key Responsibilities:

In this role, you will lead the accounting and finance team at Mara and offer valuable insights on technical matters. Your duties will encompass:

  • Overseeing and evaluating the consolidation of operational results and preparing financial reports for the Board of Directors and other stakeholders.
  • Collaborating with senior auditors to proactively address technical GAAP issues and establish accounting policies.
  • Managing relationships with external auditors.
  • Developing a budgeting and forecasting framework, reviewing and refining budgets and forecasts for stakeholder assessment.
  • Engaging with financial professionals to resolve issues in tax, risk management, and financing.
  • Working with business unit controllers to create a framework for internal controls over financial reporting and mitigate risks associated with occupational fraud.
  • Advising portfolio companies on accounting matters and updates to corporate accounting policies.
  • Managing vendor relationships with our ERP provider.
  • Collaborating across functions to ensure the needs of operations, sales, R&D, and capital projects are met, addressing financial issues proactively.
  • Overseeing treasury functions, including sales collections, fund disbursements, and maintaining positive banking relationships.
  • Working with currency advisors and brokers to minimize transaction costs and establish hedging strategies for currency exposure.
  • Coordinating with group controllers for investment or cash transfers as necessary.
  • Managing financial reporting and relationships with shareholders.
  • Coordinating annual insurance renewals by completing applications and liaising with brokers.

Core Competencies:

  • A strong, people-focused leadership style to manage diverse teams across various locations.
  • Expertise in identifying, analyzing, and making recommendations based on GAAP accounting policies.
  • A commitment to meeting reporting deadlines, which may require additional hours to ensure timely completion.
  • Exceptional ability to manage multiple priorities and deadlines concurrently.
  • A keen attention to detail to ensure accuracy and professionalism in final reports for diverse stakeholders.
  • Ability to work independently in a dynamic and stimulating environment.
  • Proficient Excel skills to analyze, document, and customize reports for stakeholder needs.
  • Strong understanding of the audit process and a desire to build robust professional relationships with external auditors and financial advisors.
  • A process-oriented mindset to envision an efficient financial closing process.
  • Upholding ethics and integrity in all professional activities.
  • Excellent written and verbal communication skills, including the ability to prepare professional presentations to convey findings and insights.

Desired Skills and Experience:

  • A minimum of 10 years of experience in senior financial reporting roles is essential.
  • A solid educational background in finance, with a Canadian CPA designation required.
  • Additional qualifications such as an MBA or other relevant certifications would be advantageous.
  • Experience with ERP systems, particularly Xero, is considered an asset.

What We Offer:

Mara provides a competitive salary and benefits package, which includes:

  • Comprehensive medical, dental, and vision coverage from the first day of employment.
  • Employee & Family Assistance Program.
  • RRSP matching program.
  • Health spending account.
  • Physical wellness reimbursement plan.
  • Employee share option program.
  • Competitive compensation structure.
  • Paid time off.
  • Opportunities for job-related training and professional development.

At Mara, we prioritize diversity, equity, and inclusion. We encourage applications from all qualified individuals, including those who identify as racially visible, Indigenous, persons with disabilities, women in underrepresented roles, and members of the LGBTQ+2S community. Mara is committed to supporting candidates and employees with access and accommodation needs.