Chief Financial Officer

Torfac Canada Inc.
Old Toronto, ON, Canada
$93 an hour (estimated)
Full-time
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Key Job Responsibilities

  • Take responsibility (either directly or via staff) for all cash management, investments, financial reporting, and budgeting, and help drive the company’s financial strategy.
  • Demonstrate knowledge of International Financial Reporting Standards (IFRS), generally accepted accounting principles (GAAP), Transfer Pricing and arm's length principle.
  • Ensure cash flow is compatible with operations by overseeing day-to-day accounting, recording, reporting, and internal-control activities of the organization.
  • Develop finance organizational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction and establishing functional objectives in line with organizational objectives.
  • Develop and implement best practices and tools to ensure a well-controlled yet flexible organization that has strong fiscal management, project coordination, cross-team communications, and workflows.
  • Assessing current accounting operations, offering recommendations for improvement, and implementing new processes.
  • Manage the budget process by functions, geographies, and roles.
  • Work with senior managers to efficiently develop budget proposals, provide access to project finance information, and ensure contracts compliance and reporting.
  • Managing all financial data necessary for an accurate accounting of consolidated business results.
  • Coordinating and preparing internal and external financial statements.
  • Evaluating the effectiveness of accounting software and as needed Overseeing financial team in day-to-day operations.
  • Manage monthly and annual reports to identify results, trends, and financial forecasts.
  • Suggest updates and improvements for accounting systems, including payroll and invoicing.
  • Develop budgets and financial plans for the company based on research and data reports.
  • Monitor Cashflow and necessary forecasting.
  • Recommending improvements to ensure the integrity of a company’s financial information.

Scope of Responsibilities

  • Research revenue opportunities and economic trends, analyze internal operations, and identify areas for cost reduction and process enhancement.
  • Develop financial well-being of the organization by providing financial projections and accounting services, preparing growth plans, and directing staff.

Oversee all company accounts globally.

  • Manage Investment portfolio with annual investments ranging $3M - $5M.
  • Maximize return on invested funds by identifying investment opportunities and maintaining relationships with the investment community.
  • Perform risk management through analysis of company liabilities and investments and evaluate and manage capital structure and fundraising initiatives.
  • Examine all financial reports and data closely to check for discrepancies.
  • Monitor business performance with tracking tools, establish corrective measures as needed, and prepare detailed reports for board of directors and management team.
  • Manage overall financials regulations encompassing various entities globally.
  • Establish and implement financial reporting systems to comply with government regulations and legislation.
  • Work with external Accounting and Audit teams in various regions for compliances, filings and other regulatory matters.
  • Review month-end and year-end close process
  • Develop and document business processes and accounting policies to maintain and strengthen internal controls.
  • Manage and comply with local, state, and federal government reporting requirements and tax filings.
  • Identifying and managing business risks and insurance requirements.
  • Managing relationships with investors and investment institutions

Required skills and qualifications

  • Five or more years of experience in executive leadership roles.
  • Professional certification (ex : Certified Public Accountant or equivalent).
  • Excellent leadership skills, with steadfast resolve and personal integrity.
  • Master’s degree (or equivalent experience) in accounting, business accounting, or finance.
  • International finance experience.
  • Experience in corporate restructuring, cost restructuring, mergers and acquisitions and investor relations.
  • Working knowledge of AI-powered systems for automation of data collection, analysis, and reporting processes for enabling faster and more accurate financial insights.
  • Working knowledge of how to raise capital outside traditional lines of credit.
  • Exceptional verbal, written, and visual communication skills.
  • Understanding of advanced accounting, regulatory issues, and tax planning.

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2 days ago
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