Senior Director Of Finance (Markham)

Our employer is a security system supplier seeking an experienced Senior Director of Finance to join their team.

Company Description

Proudly Canadian-founded, out employer team across North America is committed to the design, development, and deployment of ingenious smart home security and business monitoring solutions that enhance our customers’ lifestyles and sense of well-being. The company achieve this by continuing to produce innovative solutions, all backed by cutting-edge technology and a dedicated team of forward thinkers.

Job Summary

This crucial leadership role within our finance department reports directly to the CEO and have a dotted line reporting structure to the Group CFO, who oversees all financial operations of thier parent company and its subsidiaries. In this position, you will be responsible for overseeing and directing financial operations, developing strategies, and driving initiatives to ensure the company's overall financial health and growth. Working closely with executive leadership, you will provide strategic financial guidance and play a pivotal role in enhancing financial performance and efficiency throughout the organization.

Duties & Responsibilities

Financial Accounting and Reporting:

• Ensure accurate and timely financial accounting and reporting in compliance with relevant accounting standards (e.g., GAAP and/or IFRS)
• Oversee monthly, quarterly, and annual financial close processes
• Oversee reconciliation of key balance sheet GL Accounts monthly/quarterly
• Responsible for financial statements including note disclosure, annual reports, and any other regulatory reporting requirements
• Responsible for management reporting
• Coordinate with external auditors to facilitate the audit process and address any financial reporting matters
• Review the current processes and lead continuous improvement initiatives

Internal Controls over Financial Reporting (ICFR):

• Establish and maintain effective internal controls to ensure the integrity of financial reporting
• Assess and monitor internal control systems, identifying control deficiencies and implementing remediation plans
• Coordinate with internal and external auditors for audits and ensure compliance with SarbanesOxley Act (SOX) requirements
• Periodic testing of system integration processes to confirm accuracy of financial information flow

Tax and Treasury Management:

• Oversee tax planning and compliance activities, ensuring adherence to applicable tax laws and regulations
• Manage relationships with external tax advisors and auditors to optimize tax strategies and minimize tax liabilities
• Develop and implement treasury management strategies, including cash flow forecasting, liquidity management, and risk management
• Manage relationships with financial institutions, third party lenders and potential investors, as needed

 Financial Planning and Analysis (FP&A):

• Lead and oversee the financial planning and analysis process, including budgeting, forecasting, and variance analysis
• Provide strategic financial insights and recommendations to support decision-making and drive business performance
• Collaborate with department heads and executive leadership to develop financial targets and align financial plans with organizational goals

Risk Management and Compliance:

• Identify and assess financial risks, develop risk mitigation strategies, and implement risk management processes
• Stay abreast of regulatory changes and industry best practices to ensure compliance with relevant financial regulations and standards
• Work closely with legal and compliance teams to address financial and regulatory compliance matters
• Find out effective ways to minimize foreign exchange risks across legal entities in different geographical jurisdictions

Team Leadership and Development:

• Lead and manage the finance team, providing guidance, support, and mentorship to promote professional growth and ensure high performance
• Foster a collaborative and results-driven work environment, encouraging cross-functional collaboration and knowledge sharing

Requirements:

• Bachelor's degree in Finance, Accounting, or a related field (advanced degree preferred)
• MBA would be considered an advantage
• Significant experience (10+ years) in progressively responsible finance roles, including leadership positions
• CPA required
• Demonstrated experience in financial accounting, reporting, and compliance, including familiarity with relevant accounting standards (e.g., GAAP, IFRS)
• International business experience would be considered an asset
• Strong proficiency and hands-on experience with SAP (Systems, Applications, and Products) financial modules, such as SAP Finance and Controlling (FICO)
• Proper understanding of financial integration, automated financial information flow to ERP system from different platforms
• Data-driven with proven expertise in financial planning, budgeting and forecasting
• Experience with analyzing and interpreting financial data to provide actionable insights and recommendations
• Experience with implementing enterprise systems
• Experience specifically in the retail and e-commerce industries, with a strong understanding of inventory management principles and related financial considerations
• Experience with cloud services and recurring revenue models would be an advantage
• Experience with distribution and global operations
• Public company experience or being involved in an IPO would be considered an advantage
• Outstanding communication and presentation skills
• Excellent analytical, reasoning and problem-solving skills
• Excellent leadership skills with the ability to inspire and motivate teams
• Oversee the people management of a comprehensive finance team, which consists of three key direct reports: the Accounting Manager, the Financial Analysis Manager, and the Director of Tax, Compliance, and Financial Management. Strong communication and interpersonal skills to effectively collaborate with cross-functional teams, senior management, and external stakeholders
• Mandarin would be considered an asset

Key Competencies

Connects:

• Builds trust and establishes rapport with diverse colleagues and customers by listening, understanding their needs, and following through on commitments
• Works effectively with people who have different perspectives, backgrounds and abilities while encouraging constructive dialogue and being sensitive and receptive to diverse views and opinions
• Builds mutually beneficial working relationships to foster a positive and inclusive culture and engages with internal and external customers and stakeholders representing a variety of interests.

Teamwork:

• Works with others to share expertise and achieve outcomes that benefit the organization
• Demonstrates strong communication skills to others on the team through active listening, summarizing, facilitating and "bridge building"

Inspires:

• Creates a shared vision by soliciting and valuing diverse input obtained from each team member on the vision of their work and the team
• Uses a broad range of communication strategies and methods to communicate vision with enthusiasm and clarity, and to inspire confidence and generate commitment
• Helps the team to embrace different perspectives, experiences and backgrounds by modeling positive leadership behavior and encouraging full participation

Self-Awareness:

• Proactively seeks and obtains ongoing feedback to help understand ones' own strengths and development areas to work more effectively with team/department managers/clients
• Understands and is aware of one’s emotions and the impact these emotions may have on others
• Reflects on feedback and lessons learned, and uses acquired knowledge in working with team members to achieve personal and professional growth

Delivers:

• Ensures the timely delivery of programs, projects, and services, effectively adapting to tight deadlines and sudden changes in priorities to accomplish objectives
• Plans for possibilities and contingencies, identifying opportunities and problems to ensure that best results are achieved
• Recognizes and makes best use of the diverse skills, abilities, experiences of team members to achieve best outcomes

Transforms:

• Takes initiative and sustained action to ensure the successful implementation of change by shifting strategic focus and embracing new ideas and building on past knowledge and success
• Fosters a team environment where all are encouraged to think creatively and new and diverse ideas and approaches are heard, valued and considered for implementation
• Seeks performance feedback and opportunities to invest time and effort to learn and expand knowledge to improve performance

 Accountability:

• Takes responsibility for clarifying the expectations of others
• Acknowledges how personal decisions, actions and standards of performance influence work accomplishments
• Accepts responsibility for work accomplishments
• Recognizes changes required to achieve better results going forward

Creativity/Innovation:

• Identifies and evaluates unique ways to improve the organization (cost reductions, use of resources, policies/procedures, products); generating useful new ideas, approaches or techniques

Integrity:

• Adheres to ethical standards and integrates company values, principles and standards into practices and business transactions
• Creates honest, trusting and successful working relationships with others inside and outside the organization and conducts all affairs with personal and professional integrity
• Promptly addresses issues about discrimination, harassment, and unfair treatment and does not allow personal assumptions, biases and/or complaints to impact any work-related decisions in the team