Chief Financial Officer - Mississauga, Canada - Proax Technologies

Proax Technologies

Verified Company

Mississauga, Canada

2 weeks ago

Posted by:

Sophia Lee

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Company Overview

We are a mid-sized distribution company in the Industrial automation industry, with a strong track record of growth and success.

With 270 employees, we are committed to delivering high-quality products and services to our clients.

As we continue to expand, we are seeking a highly skilled and experienced Chief Financial Officer to join our dynamic team.

General Description

Job Duties/Responsibilities
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Financial Planning and Analysis:

Develop and implement financial strategies, policies, and procedures to ensure effective financial planning and analysis.
Prepare and present accurate financial reports, including budgets, forecasts, and financial statements, to the executive team and board of directors.
Conduct financial analysis, identify trends, and provide recommendations to optimize financial performance and mitigate risks.

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Budgeting Setup and Processing:

Lead the budgeting process, working closely with department heads to establish annual budgets and monitor performance against targets.
Develop and maintain financial models and tools to support budgeting and forecasting activities.
Monitor and analyze actual financial results against budgeted expectations, identifying variances and proposing corrective actions.

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Mergers and Acquisitions (M&A):

Evaluate potential M&A opportunities and conduct due diligence to assess their financial viability and alignment with the company's strategic objectives.
Develop financial models and projections to support M&A decisionmaking processes.
Oversee the integration of acquired companies, ensuring seamless financial operations and alignment with the overall business strategy.

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Compensation Programs:

Design and implement effective compensation and incentive programs to attract, motivate, and retain top talent.
Collaborate with HR and department heads to develop competitive and equitable compensation structures.
Regularly review and assess the effectiveness of existing compensation programs, making recommendations for improvements as needed.

Requirements/Skills
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Specific Experience

Proven experience as a CFO or in a senior financial leadership role within a similarsized company.
Strong background in budgeting, financial planning, and analysis.
Experience in mergers and acquisitions, including due diligence and integration processes.
Familiarity with designing and managing compensation programs.
Manufacturing experience an asset
Internal audit areas to ensure processes are effective in catching and preventing errors and fraud, as well as to ensure optimal efficiencies and cost savings

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Financial Expertise:

Indepth knowledge of financial principles, practices, and regulations.
Demonstrated ability to develop and implement financial strategies that drive business growth and profitability.
Strong analytical and problemsolving skills, with a keen eye for detail.
Proficiency in financial modeling and analysis.
Knowledge of accounting for USbased companies

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Leadership and Communication:

Excellent leadership and management skills, with the ability to motivate and inspire a team.
Strong communication and presentation abilities, with the capacity to effectively convey complex financial information to nonfinancial stakeholders.
Demonstrated ability to work collaboratively with crossfunctional teams and build strong relationships.

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Strategic Thinking:

Proven ability to think strategically and provide financial insights and recommendations to support business decisionmaking processes.
Strong business acumen and the ability to understand the industry dynamics and competitive landscape.

Educational Requirements

Bachelor's degree in finance, accounting, or a related field (MBA or CPA preferred).
Bilingual in English and French will be an asset
Strong knowledge of Canadian Accounting Standards for Private Enterprises (ASPE) and US GAAP
Experience with Epicor P21 or other similar ERP systems
Experience with automated receivable and payable platforms
Experience and knowledge of Canadian sales taxes and corporate taxes
Experience and knowledge of US sales taxes an asset