Academy Finance Director
2 months ago
About OrthoCanada Medical
At OrthoCanada Medical, we are driven by a mission to improve the health, wellness, and mobility of Canadians. Founded in 1989 by physiotherapist Judith Stanfield, OrthoCanada Medical has grown from a small family business to a Canadian leader in the distribution of specialized rehabilitation and health products.
Job Summary
We are seeking a highly skilled Director of Finance to lead our financial operations and contribute to our company's continued success. In this role, you'll balance high-level financial strategy with a hands-on approach to the day-to-day accounting operations, ensuring accuracy and efficiency. Additionally, you'll play a key role in strategic planning, budgeting, forecasting, and financial analysis. Reporting directly to senior management, you'll provide insights and help drive OrthoCanada Medical's long-term financial vision.
Key Responsibilities
Finance:
- Develop financial strategies to support business growth and expansion.
- Analyze key performance indicators (KPIs) to identify areas for improvement and optimize financial performance.
- Prepare and monitor budgets; analyze variances and make data-driven decisions.
- Improve working capital management and cash flow forecasting.
- Conduct financial analysis and provide insights for management to inform strategic decisions.
- Oversee payroll, group benefits, and tax reporting (e.g., T4s) to ensure compliance and accuracy.
- Ensure compliance with financial regulations and standards, including GAAP and IFRS.
- Identify and manage financial risks, including creating risk mitigation strategies to protect the company's assets.
Accounting:
- Oversee all accounting functions, including accounts receivable, accounts payable, payroll, and bank reconciliations to ensure accuracy and efficiency.
- Monitor and manage cash flow, including forecasting and liquidity management to ensure the company's financial stability.
- Manage month-end processes and prepare monthly financial statements to provide timely and accurate financial information.
- Oversee year-end processes, including inventory counts and preparing files for external auditors to ensure compliance and accuracy.
- Continuously improve accounting systems, controls, and reporting processes to safeguard assets and ensure the integrity of financial records.
General:
- Manage and mentor a team of 2 accounting professionals, fostering their development and ensuring high performance and productivity.
- Provide training to enhance the skills and knowledge of the accounting team to ensure they are equipped to handle complex financial tasks.
- Act as the primary liaison with auditors, banks, and financial institutions to ensure smooth communication and compliance.
- Support strategic planning and decision-making to achieve long-term company goals and objectives.
- Assist with pricing analyses and contribute to pricing strategies to ensure the company's financial stability and growth.
- Implement cost-saving initiatives and monitor cost structures to improve efficiency and reduce waste.
- Stay informed on financial technology trends and integrate relevant tools to optimize processes and improve financial performance.
Qualifications:
- University degree in accounting or a related field.
- CPA accreditation or equivalent.
- Minimum of 10 years of progressive financial experience, with at least 5 years in a similar position.
- Bilingual: Proficiency in English and French, with strong written and verbal English communication skills.
Key Success Attributes:
- Excellent leadership, communication, and interpersonal skills to manage and motivate a team.
- Strong accounting background with expertise in best practices and controls to ensure financial accuracy and compliance.
- Exceptional analytical skills with the ability to translate financial data into actionable insights to inform strategic decisions.
- Business acumen and ability to excel in a fast-paced, entrepreneurial environment.
- Advanced proficiency in Excel and ERP systems, with experience with Microsoft Dynamics Business Central and PowerBI being highly desirable.
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