Senior Financial Manager

3 weeks ago

Toronto, Ontario, Canada Vaco Full time

Vaco is a leading recruitment agency, and we are currently seeking a highly skilled Senior Financial Manager to join our team in the Greater Toronto Area.



About the Company

Our client is a well-established market leader in the Electrical Infrastructure industry. They are looking for a Senior Financial Manager who will be responsible for providing financial expertise to the Shawflex consolidated region.



About the Opportunity

As a Senior Financial Manager, you will be responsible for leading and preparing the team to develop a one-year Business Plan and a three-year Strategic Plan for Shawflex consolidated. You will also be involved in the sales and operation planning process, adapting the use of management tools such as Enterprise Resource Planning and Quality Management concepts.



Accounting Reporting


  • Direct and review the preparation of all financial information and reports for Shawflex consolidated, including monthly financial statements, controller's report, monthly financial forecast, quarterly schedules, and cash forecasts.
  • Consolidate and prepare financial information such as monthly management reports and 12 months rolling financial performance forecasts for Shawflex Americas.
  • Direct the annual standard cost study and verify that standard improvements and cost reductions are reflected in the new standards.


Financial Management


  • Provide guidance and authorize credit granting to customers, ensuring compliance with corporate policies and procedures and sound business practices.
  • Manage relationships with suppliers to ensure compliance with corporate guidelines and maximize benefits of cash discounts, timely payments, etc.
  • Analyze operating results for variances to Plan, forecast, and review alternatives with management.
  • Evaluate all capital expenditure proposals for financial merit and establish financial payback.
  • Review results for Sales and Product Costing, manufacturing variances, and Operating Expenses through Gross Margin and Contribution Margin performance, recommending alternatives.
  • Meet annual departmental budget.


Controlling And Monitoring


  • Ensure full compliance with Corporate and Internal Audit requirements by initiating policies and procedures that facilitate this.
  • Ensure the segregation of duties within the finance department, ensuring employees' duties and tasks are not conflicting with their responsibilities.
  • Enforce the safekeeping and proper utilization of all divisional assets, including Inventories, Capital Assets, etc.
  • Direct and influence division towards meeting division's goals, ensuring policies such as credit terms, payables terms, Inventory levels/days, cash settlement practices, etc. are in place to stimulate appropriate actions.
  • Meet IFRS standards.


Requirements


  • Bachelor's degree in Accounting or Business.
  • CPA - required.
  • 3 to 5 years accounting experience in manufacturing operations where there are standard costs, variance control, inventory control.


What We Offer


  • Salary range: $110,000 - $130,000 per year.


Please note that we only accept documents in MS Word or Rich Text formats. You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity.



Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.

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