Chief Financial Officer
Torfac Canada Inc.
Old Toronto, ON, Canada
$93 an hour (estimated)
Full-time
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