Osborne Financial Search Looking for Director of Finance And Accounting at Oakville, Ontario, Canada Full Time

ABOUT THE ROLE:

Our client, a premier designer and manufacturer of specification-grade architectural lighting systems is looking to add a dynamic Director of Finance and Accounting to their team.

POSITION OVERVIEW:

Reporting to the Managing Director, as the Director of Finance and Accounting, you will play a pivotal role in overseeing and managing all financial and accounting activities. You will be responsible for ensuring the company’s financial health, compliance with regulations, and providing strategic financial guidance to support business growth and profitability. The ideal candidate should possess strong leadership skills, exceptional financial acumen, and a deep understanding of manufacturing industry dynamics.

RESPONSIBILITIES:

1. Financial Strategy and Planning:

• Develop and implement financial strategies aligned with the company’s long-term goals and objectives.
• Collaborate with executive management in forecasting, budgeting, and financial planning to drive profitability and efficient resource allocation.

1. Financial Reporting and Analysis:

• Prepare and present accurate and timely financial reports, including P&L statements, balance sheets, cash flow statements, and variance analyses.
• Conduct in-depth financial analysis to identify trends, risks, and opportunities, providing actionable insights to senior management.

1. Accounting Management:

• Oversee all accounting functions, including general ledger, accounts payable/receivable, payroll, and inventory accounting.
• Ensure compliance with accounting principles, standards, and regulations, and facilitate timely audits.

1. Cost Management:

• Implement cost control measures and monitor manufacturing costs, identifying areas for cost optimization without compromising product quality.
• Collaborate with operations and procurement teams to streamline processes and reduce expenses.

1. Financial Compliance:

• Ensure adherence to local, state, and federal financial regulations and reporting requirements.
• Stay up-to-date with changes in financial laws and industry best practices, making necessary adjustments to maintain compliance.

1. Cash Flow Management:

• Manage the company’s cash flow to meet operational needs and long-term financial commitments.
• Establish effective treasury practices to optimize cash utilization and investments.

1. Team Leadership:

• Lead and mentor the finance and accounting team, fostering a culture of continuous improvement, professional development, and teamwork.
• Set clear performance goals and provide regular feedback to enhance team productivity and efficiency.

1. Financial Risk Management:

• Identify and mitigate financial risks, including currency fluctuations, interest rate exposures, and credit risks.
• Implement appropriate risk management strategies to safeguard the company’s financial assets.

JOB QUALIFICATIONS:

• Bachelor’s degree in finance, Accounting, Business Administration, or a related field.
• CPA designation
• Proven experience (typically 10+ years) in finance and accounting roles, with at least 5 years in a leadership position in a manufacturing company.
• In-depth knowledge of manufacturing accounting principles, cost accounting, and supply chain finance.
• Strong analytical skills with the ability to interpret complex financial data and present meaningful insights to stakeholders.
• Demonstrated experience in financial planning, budgeting, and forecasting processes.
• Familiarity with ERP systems and financial software for efficient data management and reporting.
• Exceptional leadership and communication skills, with the ability to inspire and motivate cross-functional teams.
• Excellent problem-solving capabilities and a strategic mindset to drive financial initiatives and process improvements.
• A strong sense of integrity and ethical conduct in handling financial matters.
• Ability to adapt to a dynamic and fast-paced manufacturing environment.