Finance Director

Kongsberg Discovery Canada Ltd., a subsidiary of KONGSBERG, is a global technology

company, providing innovative and reliable technology solutions for all marine industry

sectors including merchant, offshore, subsea, and naval. Headquartered in Horten, Norway,

the company has manufacturing, sales, and service facilities internationally. Kongsberg

Discovery is a market leader in systems for positioning, surveying, and navigation. We are

determined to provide our customers with innovative and reliable marine electronics that

ensure optimal operation both on and under the sea.

There has never been a more exciting time to work for Kongsberg Discovery Canada Ltd.

than right now. With us, you will be in the forefront of enabling the business to achieve their

objectives through the role as Finance Director.

ROLE AND RESPONSIBILITIES :

1.Strategy

As a true business partner to the President and Corporate Management Team,

assess organizational performance against both the annual budget and company’s

long-term strategy.

Develop tools and systems to provide critical financial and operational information to

the President and make actionable recommendations on both strategy and

operations.

Assist in establishing yearly objectives and meeting agendas, and selecting and

engaging outside consultants (auditors, investment advisors).

Oversee long-term budgetary planning and costs management in alignment with

company’s strategic plans.

2. Executive Management

• Serve as a member of executive leadership team and on the Board of Directors.
• Participate in key decisions pertaining to strategic initiatives, operating model and

operational execution.

• Participate in corporate policy development.
• Represent the company to financial partners, including financial institutions,

investors, corporate executives, auditors, public officials, etc.

3. Financial Planning and Analysis

Prepare and maintain regular financial planning reports; Monthly profit and loss

forecast by division (vs. budget); cash flow forecast.

Complete analysis of financial results; Develop recommendations (strategic and

tactical).

Develop and execute analysis of various business initiatives (e.g., opening new

operations, asset acquisition, new service launches).

• Develop and maintain capital budget.
• Assist in development of financial planning and analysis exercises / reports.
• Manage Bank relationships.

4. Accounting and Administration

Oversee the accounting department to ensure proper maintenance of all accounting

systems and function; supervise company’s finance staff.

• Ensure maintenance of appropriate internal controls and financial procedures.
• Ensure timeliness, accuracy, and usefulness of financial and management reporting

for federal govt., provincial govt. and board of directors; oversee the preparation and

communication of monthly and annual financial statements.

• Coordinate audits and proper filing of tax returns.
• Ensure legal and regulatory compliance regarding all financial functions.
• Coordinate the development and monitoring of budgets.
• Oversee preparation of month-end, quarter-end and year-end financial statements
• Review all month-end closing activities including general ledger maintenance,

balance sheet reconciliations and corporate / overhead cost allocation.

Enhance and implement financial and accounting systems, processes, tools and

control systems.

• Serve as final point of escalation for Accounts Receivable / Accounts Payable issues.
• Develop and manage accounting staff.
• Serve as a key point of contact for external auditors; Manage preparation and

support of all external audits.

5. Cash Management

Oversee weekly cash management; Approve weekly payables; Execute cheque

signing.

Oversee AR management and provide support to collections activities.

6. Insurance / Legal Affairs

• Manage the company’s insurance program.
• Manage the company’s legal affairs.

7. Other Tasks & Responsibilities include :

• Payroll management
• WCB remittances
• Bank reconciliations
• Labour accruals
• Various monthly reports
• Board of Directors assigned Secretary
• Benefit plan supervision
• Pension Committee

QUALIFICATIONS AND EDUCATION REQUIREMENTS :

• An accredited accounting designation, CPA
• At least ten years’ experience as Controller or equivalent with an organization with a

budget of at least $10 million.

• Experience working in a manufacturing work environment or equivalent is a must.
• Excellent written and oral communication skills.
• Demonstrated leadership ability, team management, and interpersonal skills;

experience with reporting and / or KPI analysis is required.

• Excellent analytical and abstract reasoning skills, plus excellent organization skills.
• Experience in a senior financial-management role, partnering with executive staff,

resulting in the development and implementation of creative financial management

strategies.

PREFERRED SKILLS :

• Experience in a multi-national organization is beneficial.
• Microsoft Dynamics and Infor Visual experience is beneficial.

Work Location (hybrid) : Port Coquitlam, BC Canada

At KONGSBERG, we believe in tackling challenging problems and delivering extreme

performance for extreme conditions. We do that through excellent products and services

developed for delivering the greatest benefits to our customers.

WORLD CLASS through people, technology, and dedication

What we can offer you :

• Competitive compensation packages
• Fully extended health, dental, vision & welfare benefits
• Up to 7% employer match program with RRSP
• Flexibility with Paid Time Off
• Career growth opportunities
• Safe and collaborative culture
8 days ago