Outstanding VP of Finance

  • Accounting
  • Edmonton, Canada

Outstanding VP of Finance

Job description

Basic Function: The VP of Finance position is accountable for the administrative, financial, and risk management operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results. Principal accountabilities are:

Background on our business

[Watch this first] Introduction to this job opportunity: https://www.useloom.com/share/6a9b9f25bce04943970b5a0cc7c2e25f

[Next, watch this video intro to our company]: https://vimeo.com/183066890

Thermo King Western was founded in 1964 and has earned a reputation as the market leader with strong customer support over the last 50+ years. Privately owned and operated, Thermo King Western operates 3 core businesses: Thermo King dealer (Northern Alberta), Elgi compressed air dealer (Alberta), and Truck Body service and manufacturing (Alberta). Each business shares admin resources out of two buildings in Northwest Edmonton.


Desired Qualifications: The candidate VP of Finance should have at a minimum a degree in accounting or business administration, or equivalent business experience and 5+ years of progressively responsible experience for a business with annual revenues in excess of $10m, preferably in the industrial sector.  Should have experience in partnering with an executive team, and have a high level of written and oral communication skills. Preference will be given to candidates with an MBA in Finance and the Certified Public Accountant or Certified Management Accountant designations along with payroll designations.

Additional Qualifications: As our company is relatively small with 40-50 employees, the VP of Finance may also take on the role of the controller. Ideal industry experience within trucking, industrial or manufacturing sectors with exposure to Lean Manufacturing or Six Sigma practices.

Working Conditions: Will work in an office environment.

Supervises: Admin with potential to expand over time.

Requirements

 

Planning

  1. Assist in formulating the company's future direction and supporting tactical initiatives

  2. Monitor and direct the implementation of strategic business plans

  3. Develop financial and tax strategies

  4. Manage the capital request and budgeting processes

  5. Develop performance measures that support the company's strategic direction

Operations

  1. Participate in key decisions as a member of the executive management team

  2. Maintain in-depth relations with all members of the management team

  3. Manage the accounting, human resources, IT, director relations, legal and tax

  4. Oversee the financial operations of subsidiary companies

  5. Manage any third parties to which accounting, finance, benefits, IT related functions have been outsourced

  6. Oversee the company's transaction processing systems: Sage (Accpac), Syteline, JMS.

  7. Implement operational best practices

  8. Oversee employee benefit plans

  9. Oversee and compensation including commissions, bonuses and other incentives

Financial Information

  1. Oversee the issuance of financial information

  2. Personally review and approve all filings

  3. Report financial results to the board of directors

Risk Management

  1. Understand and mitigate key elements of the company's risk profile

  2. Monitor all open legal issues involving the company, and legal issues affecting the industry

  3. Construct and monitor reliable control systems

  4. Maintain appropriate insurance coverage

  5. Ensure that the company complies with all legal and regulatory requirements

  6. Ensure that record keeping meets the requirements of auditors and government agencies

  7. Report risk issues to the audit committee of the board of directors

  8. Maintain relations with external auditors and investigate their findings and recommendations

Funding

  1. Monitor cash balances and cash forecasts

  2. Arrange for debt and equity financing

Third Parties

  1. Maintain banking relationships

  2. Represent the company with key partners and institutions