About Our Client

Our client is seeking a Director of Finance for a 3- to 6-month contract.

About the Opportunity

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.

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.

General 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.

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.

About You

- 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., Quick Books, Net Suite, or similar).
- Solid understanding of accounting principles and regulatory requirements
- Exceptional 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 workplace.
- Advanced proficiency in Excel (pivot tables, v-lookups, etc.).

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📌 Director of Finance (Toronto)
🏢 Vaco Recruiter Services
📍 Toronto