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Chief Finance Officer

Salary rangeConfidential | Contract type: Permanent

You have 19 days left to apply for this job.

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Job Summary

A Firm is looking for an experienced leader at the level of Director of Finance or CFO who will help to lead company’s growth by establishing processes and systems that produce timely and accurate financial information that he or she will leverage to perform financial analyses that influence decision-making and ultimately drive measurable value. The CFO will be a member of the Senior Management Team and report to the CEO & Board of Directors. The role combines operations (managing accounting and financial control functions) and strategy (working with the Senior Management Team to establish a financial strategy for the profitable, long-term growth of the business). The role is reserved for someone who has 5+ years of experience in accounting, credit management and finance, including leadership and management experience in a financial institution
Qualifications, Skills and Experience:
● University degree in Accounting, Commerce, or Business Management/Administration
● CPA, ACCA, CFA or MBA designation is strongly preferred
● Experience in a credit institution, including a strong understanding of loan accounting
● 5+ years of experience of progressive responsibility in accounting and finance, with at least 2 years of management experience (experience in a FinTech an asset)
● Knowledge and background in GAAP, including the presentation of GAAP-based financial reports
● Strong strategic, finance skill set evidenced by the ability to analyze business models, forecast financing needs, and raise capital at attractive rates
● Strong financial modeling, budgeting, valuation, financial analysis experience
● Ability to communicate complex financial information to finance professionals and non-specialists
● Experience with the consolidation of multiple foreign entities, with multi-currency accounting and complex intercompany transactions
● Familiarity with foreign exchange risks and mitigants
● Familiarity with capital markets strategies

Responsibilities

Financial Accounting and Reporting
• Develop and maintain timely and accurate financial statements and reports in accordance with generally accepted accounting principles (GAAP)
• Develop and maintain financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and petty cash
• Oversee and build capacity in the bookkeeping function
• Review monthly results and implement monthly variance reporting against budget
• Oversee the design and implementation of processes that provide business managers with timely financial data to make decisions and monitor performance
• Fully own the continuous development and maintenance of the financial reports generated by company’s in-house loan management software to ensure the accurate accounting treatment of all financial transactions in the lending portfolio
• Oversee all payroll functions to ensure timely and accurate processing
• Ensure that all statutory requirements of the organization are met including income tax reporting and withholding payments, and that payments are remitted on time
• Develop, implement, and ensure compliance with internal financial and accounting
policies and procedures to ensure the accuracy, integrity, and security of all financial information
• Manage financial reporting to the Board of Directors
• Prepare all supporting information for the annual audit and liaise with the external auditors
• Lead the financial due diligence process with prospective investors to ensure their complete understanding of the business finances
Financial Strategy and Planning
• Identify and execute financial analyses to identify opportunities to optimize business performance, to create value, and to help shape the strategic direction of the company
• Develop financial models to evaluate specific business initiatives
• Work with various company teams to refine financial models and understand the drivers of key assumptions
• Establish procedures for budget and forecast preparation, and prepare the annual budget in consultation with the CEO/COO/CTO
• Manage the cash flow and prepare cash flow forecasts
• Advise the company on the optimal mix of capital between equity and debt and support the company in accessing the capital needed to thrive
Risk Management
• Ensure that sound risk management models and measurement methodologies of risk reporting and controls are in place for the quantification and evaluation of risks
• Continuously monitor risk-taking activities and aggregate risk exposures to ensure they are in line with the organization’s financial position and plans
• Develop, monitor and continuously enhance a Credit Reporting & Monitoring framework which meets the requirements of various internal & external stakeholders
• Supervise and ensure timely and accurate delivery of Credit Risk reports. Interpret the information with the support of the Credit Team and suggest actions for consideration by the Management Team to drive improvements in credit performance.
• Support decision-making pertaining to loan product pricing and features with analytical models

Job Requirements

Required education: Post-graduate education
Required relevant work experience: 5 years
Required languages: English (Spoken: fluent | Written: fluent)
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