Director of Finance

7 days ago

Toronto, Ontario, Canada Vaco by Highspring Full time $80,000 - $120,000 per year

Our client is looking for a Director of Finance for a 6-month contract. The role will require working in office, in the Downtown Toronto core, 3 days a week.
Job#: 458665

Responsibilities:

General Financial Oversight:

  • Prepare monthly, quarterly, and annual financial statements and reports, highlighting key metrics and trends.
  • Reconcile revenue and commission-related balances to ensure proper financial tracking.
  • Assist in developing financial policies, procedures, and internal controls to streamline financial operations.
  • Work closely with senior leadership to support business decisions and optimize financial performance.
  • Assist in preparing for audits, including providing necessary documentation for revenue and payroll audits.
  • Ensure compliance with applicable laws and regulations regarding payroll and revenue recognition.

Revenue Recognition:

  • Lead the revenue recognition process in accordance with [GAAP/IFRS] and industry best practices.
  • Oversee monthly and quarterly revenue close processes, ensuring accurate reporting of sales, commissions, and related costs.
  • Ensure alignment between revenue recognition, commission structures, and overall financial reporting.
  • Manage the timing and recognition of revenue in complex contractual arrangements and recurring sales models.
  • Perform detailed reviews of contracts and sales agreements to ensure proper accounting treatment for revenue recognition.
  • Coordinate with sales and accounting teams to ensure accurate forecasting and financial reporting.

Payroll Processing for Sales Team:

  • Process bi-weekly/monthly payroll for sales personnel, including base salary, commissions, bonuses, and adjustments.
  • Ensure timely and accurate commission calculations, reflecting individual and team performance metrics.
  • Collaborate with the sales team and HR to track and manage commission plans, adjustments, and disputes.
  • Maintain compliance with tax regulations, benefit deductions, and other payroll-related issues specific to salespeople.
  • Prepare and review payroll reports to ensure all pay and deductions are accurate, reconciled, and compliant with legal requirements.

Requirements & Education:

  • Bachelor's degree in Accounting, Finance, or related field. CPA or other relevant certifications preferred.
  • 5+ years of experience in accounting or finance, with a focus on payroll and revenue recognition.
  • Prior experience in managing payroll for a sales team, including commissions and bonus structures.
  • Strong understanding of revenue recognition principles (ASC 606 or equivalent).
  • Experience with financial software (e.g., QuickBooks, NetSuite, or similar).
  • Solid understanding of accounting principles and regulatory requirements
  • Exceptional attention to detail with a high level of accuracy.
  • Strong problem-solving abilities and analytical skills.
  • Ability to communicate complex financial information clearly to both financial and non-financial stakeholders.
  • Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
  • Advanced proficiency in Excel (pivot tables, v-lookups, etc.).

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