MGR Workforce Looking for Chief Financial Officer (CFO) at Toronto, Ontario, Canada Full Time

Our Client Our client is a growing multi-faceted textile company based in the vibrant city of Toronto, Ontario. With a strong reputation in the industry, they specialize in producing high-quality textiles for retail apparel and fashion. Their commitment to innovation, sustainability, and exceptional customer service sets them apart in the market. To support their growth plan, they are seeking a well-rounded professional CFO to strengthen, develop, and lead the Corporate Finance and administrative functions of their business.

Job Description: Chief Financial Officer (CFO) As the Chief Financial Officer (CFO), you will be a key member of the executive leadership team and responsible for overseeing all financial aspects of the organization. Your primary focus will be to provide strategic financial guidance and support to drive the company’s growth, profitability, and overall success. You will lead the finance and accounting teams, ensuring accurate financial reporting, effective budgeting, and compliance with regulatory requirements.

Key Responsibilities:

• Financial Strategy and Planning:
• Develop and implement financial strategies, goals, and budgets aligned with the company’s long-term objectives and growth plans.
• Collaborate with the executive team to assess financial performance, identify risks, and recommend corrective actions.
• Conduct financial analysis, market research, and feasibility studies to support strategic decision-making.
• Financial Reporting and Analysis:
• Oversee the preparation and presentation of accurate and timely financial statements, including balance sheets, income statements, and cash flow statements.
• Provide regular financial analysis, reports, and insights to the executive team and the board of directors to facilitate data-driven decision-making.
• Budgeting and Forecasting:
• Lead the annual budgeting process, ensuring alignment with the company’s strategic objectives and operational plans.
• Monitor budget performance, identify variances, and implement appropriate corrective measures.
• Risk Management and Compliance:
• Implement and maintain robust internal control systems to safeguard the company’s assets and ensure compliance with financial regulations and international trade laws.
• Manage financial risks, such as currency fluctuations, interest rates, and credit exposure, to minimize potential impacts on the company’s financial performance.
• Cash Management and Financing:
• Manage cash flow and liquidity requirements to meet operational needs and optimize working capital.
• Evaluate and negotiate financing options, including loans, credit lines, and capital raising, to support the company’s growth initiatives.
• Taxation and Customs Compliance:
• Ensure compliance with all tax obligations, including customs duties and tariffs, in both domestic and international operations.
• Work with external tax advisors to optimize tax strategies and minimize tax liabilities.
• Financial Systems and Controls:
• Oversee the implementation and maintenance of financial systems, ensuring their accuracy, efficiency, and security.
• Continuously improve financial processes and controls to enhance productivity and reduce financial risks.
• Team Leadership and Development:
• Build and lead a high-performing finance team, fostering a culture of excellence, collaboration, and continuous learning.
• Mentor and develop team members, encouraging their professional growth and career advancement.

Qualifications:

• Bachelor’s degree in Finance, Accounting, Economics, or a related field. An MBA or relevant advanced degree is preferred.
• Proven experience as a CFO or a similar senior finance leadership role in the textile import-export industry or a related field.
• Deep understanding of international trade regulations, customs, and logistics in the textiles industry.
• Strong financial analysis and forecasting skills with a track record of driving financial performance and growth.
• Experience in managing financial risks and optimizing working capital.
• Proficiency in financial reporting standards and tax regulations applicable to import-export businesses.
• Excellent leadership, communication, and interpersonal skills.
• Strategic mindset with the ability to analyze complex financial data and provide actionable insights.
• Demonstrated ability to work effectively in a fast-paced and dynamic business environment.

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