Financial Controller - Edmonton, Canada - CMB Insurance Brokers

CMB Insurance Brokers

Verified Company

Edmonton, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Responsible for the accounting and financial operations of the corporation, managing the finance team, review of all financial reports, maintenance of an adequate system of accounting records, and enhance the accuracy of the company's financial results.

Lead, manage and hold the finance team accountable
Participate in planning the objectives, methods and resources of short and long range financial operations of the company, monitor and report on overall company financial performance.
Direct and coordinate the accounting, budgeting and other financial operations of assigned area. Includes providing administrative and technical supervision to staff personnel.
Recommend policies and procedures relating to financial and business practices of the company.
Monitor the financial operations of the company or assigned area to ensure compliance with budgets. Oversee the preparation of required Federal and Provincial financial reports as well as financial and related reports to the Corporate Executives.
Direct inservice training and development of staff.
Functions as management link between staff and corporate accounting.

ESSENTIAL FUNCTIONS
a.
Financial Planning and Cost Control

Spearheading the annual financial planning process for the group of companies
Benchmarking company performance to uncover issues in the cost structure
Preparing variance analysis to highlight opportunities for cost control
Negotiating contracts for goods/ services categorized as administrative expenses
Taking responsibility for quality of all deliverables of the Finance function

b.
Reporting

Reviewing and presenting monthly financial statements
Reviewing and presenting monthly management reports for various stakeholders
Board of Directors, executives, shareholders, lenders and branches
Ensuring subledgers are reconciled to the GL and financial data in different systems are aligned
Coordinating the annual review of the financials by the external accountant
Ensuring tax compliance i.e., income tax and provincial GST
Reporting to other government authorities

c.
Core Financial Operations

Champion of all core accounting procedures & processes to ensure accuracy and controls are working
Resident expert on the financial reporting system and help resolve system issues
Overseeing treasury operations to optimize debt and cash balances
Administering the employee equity purchase program
Building a relationship with the banking partner to resolve cash management issues
Managing the premium financing loan portfolio
Managing credit risk by monitoring receivables and supporting delinquent client resolution process

d.
Coaching and Mentoring the Team

Coaching and developing the team to scale with the operations
Cross training teammates to ensure business continuity
Implementing an accountability structure to create a high performing team

KEY PERFORMANCE INDICATORS

Publication of monthly shareholder reports by 10th of every month
No material errors in financial statements and management reports
Significant balance sheet accounts reconciled every quarter
Externally reviewed annual financials prepared by Mar 31 of each year
Loan losses minimized to under 1% of revenue

CMB TEAM SUPPORT

Be familiar with and follow company policies and procedures as established (Employee Handbook, Finance policies and procedures, etc.).
Attend and participate in staff meetings and company functions.
Demonstrate good leadership qualities with a positive attitude and ability to motivate others.

Knowledge & Experience:

10 years' experience in a similar role
CPA designation
Deep understanding of financial statements
Financial modeling skills using advanced excel functions
Excellent communication skills including ability to work with senior executives
A mature approach to Problem solving by diving deeper and considering broader business implications
Experience managing a team and developing people
Sense of responsibility in upholding confidentiality and protecting the company assets

Competitive salary based on experience.
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This job operates in a professional office environment. Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice._

Job Types:
Full-time, Permanent

Pay:
From $1.00 per year

Benefits: