Director of Finance - Toronto, Ontario

Our clients is looking for a Director of Finance for a 3-month contract. The role will require working in office, in the Downtown Toronto core, 3 days a week. · Responsibilities: · Financial Oversight: · Prepare monthly, quarterly, and annual financial statements and reports, hig ...

Job description

Our clients is looking for a Director of Finance for a 3-month contract. The role will require working in office, in the Downtown Toronto core, 3 days a week.

Responsibilities:

Financial Oversight:

• Prepare monthly, quarterly, and annual financial statements and reports, highlighting key metrics and trends.
• Reconcile revenue and commission-related balances to ensure proper financial tracking.
• Assist in developing financial policies, procedures, and internal controls to streamline financial operations.
• Work closely with senior leadership to support business decisions and optimize financial performance.
• Assist in preparing for audits, including providing necessary documentation for revenue and payroll audits.
• Ensure compliance with applicable laws and regulations regarding payroll and revenue recognition.

Revenue Recognition:

• Lead the revenue recognition process in accordance with [GAAP/IFRS] and industry best practices.
• Oversee monthly and quarterly revenue close processes, ensuring accurate reporting of sales, commissions, and related costs.
• Ensure alignment between revenue recognition, commission structures, and overall financial reporting.
• Manage the timing and recognition of revenue in complex contractual arrangements and recurring sales models.
• Perform detailed reviews of contracts and sales agreements to ensure proper accounting treatment for revenue recognition.
• Coordinate with sales and accounting teams to ensure accurate forecasting and financial reporting.

Process Improvement:

• Continuously assess and improve payroll and revenue recognition processes to increase efficiency, accuracy, and compliance.
• Identify and implement automation opportunities to streamline payroll processing and financial reporting.
• Collaborate with IT and software vendors to maintain and optimize payroll and accounting systems.
• SkillsExceptional attention to detail with a high level of accuracy.
• Strong problem-solving abilities and analytical skills.
• Ability to communicate complex financial information clearly to both financial and non-financial stakeholders.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Advanced proficiency in Excel (pivot tables, v-lookups, etc.).

Payroll Processing for Sales Team:

• Process bi-weekly/monthly payroll for sales personnel, including base salary, commissions, bonuses, and adjustments.
• Ensure timely and accurate commission calculations, reflecting individual and team performance metrics.
• Collaborate with the sales team and HR to track and manage commission plans, adjustments, and disputes.
• Maintain compliance with tax regulations, benefit deductions, and other payroll-related issues specific to salespeople.
• Prepare and review payroll reports to ensure all pay and deductions are accurate, reconciled, and compliant with legal requirements.

Requirements:

• Education: Bachelor's degree in Accounting, Finance, or related field.
• CPA or other relevant certifications preferred.
• 5+ years of experience in accounting or finance, with a focus on payroll and revenue recognition.
• Prior experience in managing payroll for a sales team, including commissions and bonus structures.
• Strong understanding of revenue recognition principles (ASC 606 or equivalent).
• Experience with financial software (e.g., QuickBooks, NetSuite, or similar).
• Solid understanding of accounting principles and regulatory requirements

----- DISCLAIMERS -----

You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client's requirements for this role.

Vaco by Highspring values a diverse workplace and strongly encourages women, people of colour, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.

EEO Notice

Vaco by Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.

Vaco by Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco by Highspring and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact

.

Vaco by Highspring also wants all applicants to know their rights that
workplace discrimination is illegal
.

By submitting to this position, you agree that you will be giving Vaco by Highspring the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco by Highspring about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.

Privacy Notice

Vaco by Highspring and its parents, affiliates, and subsidiaries ("we," "our," or "Vaco by Highspring") respects your privacy and are committed to providing transparent notice of our policies.

• Canadian residents may access our policies in English
  here
  and in French
  here
  .

Pay Transparency Notice

Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:

• the individual's skill sets, experience and training;
• licensure and certification requirements;
• office location and other geographic considerations;
• other business and organizational needs.

With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.

This position for employment is for a current vacancy with Highspring's client. Please note that Vaco/Highspring is regularly asked to provide talent to other organisations. By submitting to this position, you agree to be included in our talent pool for future hiring for similarly qualified positions. Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including, but not limited to, the individual's skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organisational needs. Salary ranges will be disclosed where required by law. The individual may also be eligible for discretionary bonuses and can participate in medical, dental, and vision benefits as well as the company's retirement plan (or similar retirement benefits). Submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. Further assessment of candidates beyond this initial phase within Vaco/Highspring will be conducted by recruiters and hiring managers. Vaco/Highspring does not have knowledge of the tools used by its clients in making final hiring decisions and cannot opine on their use of AI products.