Chief Financial Officer

About Us

Prairie Machine is a global leader in the manufacturing and supply of heavy-duty equipment and technical solutions for the heavy industrial and mining industries. We are looking for people who are as passionate as we are; people with a desire to succeed, people who aspire for greatness, and people who want to be recognized and appreciated for their contributions.

Why Choose Prairie Machine?

• Competitive Wages, Rewards, and Incentives
• Health and Dental Coverage & Life and Disability Coverage
• Pension and RRSP programs
• Career Growth and Development
• Work-life balance

Job Profile

The CFO will serve as the senior executive responsible for all financial aspects of the company, reporting directly to the CEO and collaborating closely with the partners of Prairie Machine. This position involves overseeing financial planning, risk management, budgeting, and reporting to support sustainable growth. The CFO must balance day-to-day financial operations with long-term strategic initiatives, such as mergers, funding initiatives, or international expansion. The ideal candidate is a proactive leader with proven experience in mid-sized firms, adept at leveraging financial data to inform business decisions and navigate economic uncertainties.

Primary Responsibilities
Financial Strategy and Planning:

• Develop and execute the company's financial strategy to support long-term growth and profitability.
• Lead annual budgeting, forecasting, and long-range financial planning to ensure alignment revenue targets and scalability of the workforce
• Identify opportunities for cost optimization, revenue enhancement, and investment in key areas like technology or talent acquisition.
• Identify and evaluate growth opportunities, including mergers, acquisitions, and partnerships.

Financial Operations & Reporting:

• Oversee financial reporting, ensuring compliance with Canadian Accounting Standards as applicable.
• Prepare accurate and timely financial statements, including income statements, balance sheets, and cash flow statements, and annual reports in compliance with Canadian Revenue Agency (CRA) guidelines as applicable
• Manage cash flow, liquidity, and working capital to support operational needs and growth initiatives.

Operational Efficiency:

• Partner with department heads to optimize operational budgets and improve cost efficiency.
• Drive initiatives to improve profitability, such as cost reduction, revenue enhancement, or process optimization.
• Leverage financial data and analytics to provide actionable insights for decision-making.

Risk Management and Compliance:

• Ensure compliance with all regulatory requirements, including tax filings, audits, and corporate governance.
• Establish robust internal financial controls, policies, and procedures to safeguard assets and mitigate risks such as currency fluctuations (given CAD exposure), supply chain disruptions, or market volatility. Conduct financial risk assessments and implement hedging strategies as needed.
• Oversee internal controls to safeguard company assets and ensure financial integrity.

Capital Management and Funding:

• Manage cash flow, working capital, and treasury operations to maintain liquidity for operational needs and growth initiatives.
• As required, lead fundraising efforts, including debt financing, equity raises, or venture capital deals as required. Oversee and manage relationships with banks, investors, and financial institutions.

Leadership and Management:

• Build and lead a finance team of 3-6 (e.g., controllers, analysts, and accountants), fostering a culture of accountability, collaboration, accuracy and innovation.
• Oversee payroll, benefits, and financial systems for employees, including ERP (Epicor) optimization.
• Collaborate with the partners to align financial strategies with operational and strategic goals.
• Act as a key advisor to the CEO and Partnership on financial and strategic matters.

Strategic Advisory and Cross-Functional Collaboration:

• Provide financial insights to the executive team on business decisions, such as pricing, product launches, or acquisitions.
• Partner with HR on compensation strategies, IT on financial software, and operations on cost efficiencies to support overall company performance.
• Manage relationships with external stakeholders, including banks, investors, auditors, and financial institutions
• Communicate financial performance and strategies to all key stakeholders

General Expectations:

• Follow prescribed safety standards, rules and regulations, ensuring all workers comply
• Instill a safety culture, lead by example
• Identify and record non-conformities and participate in their resolution
• Participate in continuous Improvement initiatives
• Recommend improvements and develop improvement plans in production methods, equipment, operating procedures and working conditions
• Maintain a well-organized and clean facility as per PMP vision
• Maintain a healthy work environment and develop employees on a professional level

Qualifications & Experience:
Education:

• Bachelor's Degree in Finance, Accounting, Business Administration, or a related field (required).
• CPA (Chartered Professional Accountant) designation or equivalent.
• MBA or advanced degree in finance or business (preferred).

Experience:

• Minimum of 10–15 years of progressive financial leadership experience, with at least 5 years in a senior leadership role (e.g., CFO, VP Finance, or Controller).
• Proven experience managing finances for a company with CAD 50–150 million in revenue or a similar-sized organization.
• Experience in manufacturing and mining sectors is an asset.
• Demonstrated success in strategic financial planning, budgeting, and forecasting.
• Experience with capital raising, M&A, or other growth-oriented financial strategies.
• Familiarity with Canadian tax regulations, financial reporting standards, and compliance requirements.

Skills and Competencies:

• Strong leadership and team-building skills, with the ability to inspire and manage a finance team.
• Exceptional analytical and problem-solving skills, with a data-driven approach to decision-making.
• Excellent communication and presentation skills, with the ability to convey complex financial information to non-financial stakeholders.
• Proficiency in financial software and ERP systems.
• Strategic mindset with the ability to balance short-term needs with long-term goals.
• High integrity, with a commitment to ethical financial practices and transparency.

Compensation:

• Compensation may vary depending on various factors including skills, ability, experience, education and qualifications for the role.

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