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Senior Finance Manager

Job Highlights

City North York

Type Direct Hire

Salary $130,000

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About the Company
Our client is in the food production industry. They are looking for a Senior Finance Manager to join their team!

Why Work Here

• Great opportunities for growth
• Excellent collaborative culture
• Great perks and total compensation plan

About the Opportunity
Leading and working through the finance/accounting function

• Develop and maintain timely and accurate financial statements in accordance with generally accepted accounting principles (GAAP)
• Design efficient working papers for the efficient close of the monthly financial statements
• Develop, implement, and ensure compliance with internal financial and accounting policies and procedures
• Build and implement leading practices in support of an efficient and effective business, including Procure to Pay, Order to Cash, Treasury, Asset Management, and Financial Reporting, with a goal of closing the period within 5 business days
• Develop sound financial controls, processes and policies designed to safeguard the assets and business dealings of the Company
• Ensure that all statutory requirements of the organization are met including, Withholding Payments (CPP, EI), Income Tax, HST, Employer Health Tax, et al
• Oversee the preparation of all supporting information for the year end and liaise with external accountants as necessary
• Manage the cash flow and prepare cash flow forecasts
• Oversee the maintenance of the general ledger, including f/s groupings, cost centers, hierarchies, and company codes
• Ensure that policies and procedures to ensure that personnel and financial information is secure and stored in compliance with current legislation
• Manage the process for the acquisition of capital assets and ensure that assets are properly recorded, amortized, and disposed of as appropriate
• Manage the process for inventory costing, including monthly variance analysis of actuals vs. standards
• Create financial models analyzing strategic business decisions
• Streamline all software packages that impact financial information
• Bring finance and accounting support to the functional areas of the business: Procurement, Logistics, Marketing, Sales, Customer Services, etc.
• Develop working capital strategies to improve our cash conversion cycle to <45 days

Financial Reporting

• Oversee external reporting of the financial statements to key stakeholders: Leadership Team, Bank, Shareholders, Board, etc.
• Manage all bank reporting requirements, including covenant calculations
• Review monthly results and implement monthly variance reporting of actual vs. budget forecast. and. prior period
• Manage the month-end process, including setting up workflows and approval flows

Payroll/Human Resources

• Review bi-weekly payroll processing of the Company’s payroll, including all statutory deductions
• Oversee all payroll controls and processes to ensure that employees are paid in a timely and accurate manner, and that amounts owing are accurately accrued
• Negotiate and manage the employee insurance and benefits plans
• Process and submit statutory and benefits remittances on time
• Oversee the issuance of annual T4s and T4As
• Manage the Company’s benefits plan and other ‘employee perks’
• Draft employment agreements for new hires
• Draft termination letters

Risk management/Treasury

• Monitor risk management policies and procedures to ensure that program and organizational risks are minimized
• Together with the VP, Finance, negotiate with the Bank for lines of credit or other financial services as required and appropriate
• Develop an F/X strategy
• Oversee and develop effective currency hedging strategies

Other Areas

• Oversee the management of all leases, contracts, and other financial commitments
• Responsible for all government assistance funding and tax programs, including the SR&ED annual claim submissions
• Participation in leadership training programs
• Partner with subject matter experts, as required

About You

• CPA designation
• 3 to 5 years of relevant work experience (Pet, CPG and manufacturing industries are a plus)
• Knowledge of generally accepted accounting principles
• Knowledge of SAP and its relevant accounting platforms
• Knowledge of accounting programs for small business
• Above average Excel knowledge

Salary Range
$120,000 - $130,000/year

How to Apply
Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats.
When referencing this job, quote #400748.

You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.