Chief Financial Officer (Canada)

Chief Financial Officer (Canada)

01 Nov
|
SN Law Professional
|
Canada

01 Nov

SN Law Professional

Canada

The Chief Financial Officer (CFO) will provide strategic financial leadership and oversee the company's financial operations, planning, reporting, budgeting and internal controls. Working closely with the President and senior management team, the CFO will ensure financial stability, operational efficiency, profitability and sustainable business growth. The successful candidate will bring strong financial management experience, preferably within the construction, contracting or project-based industry, together with the ability to translate financial information into meaningful business decisions.

Key Responsibilities
1. Financial Strategy and Leadership
- Develop and implement financial strategies aligned with corporate objectives and long-term business growth.
- Act as a strategic financial advisor to the President and senior management.
- Evaluate business opportunities, capital investments, project viability and financial risks.
- Establish financial policies, procedures and internal controls. 2. Financial Reporting and Accounting
- Oversee the preparation and review of monthly, quarterly and annual financial statements.
- Ensure accurate financial reporting in accordance with applicable ASPE/IFRS standards.
- Manage general ledger, accounts payable, accounts receivable, reconciliations and month-end/year-end closing.
- Oversee consolidated financial reporting, intercompany transactions and related-party accounts, where applicable.
- Coordinate external audits, reviews and tax engagements. 3. Construction Project Accounting and Cost Management
- Oversee project costing, job costing, work-in-progress (WIP) schedules and project profitability.
- Monitor construction budgets, actual expenditures, committed costs and forecasted project costs.
- Review project estimates, change orders, subcontractor payments and progress billings.
- Identify cost overruns, margin variances and opportunities to improve project profitability.




- Work closely with project managers and operations teams to ensure projects are delivered within approved budgets. 4. Budgeting, Forecasting and Cash Flow
- Lead annual budgeting and periodic financial forecasting.
- Develop cash-flow projections and monitor working capital requirements.
- Manage banking relationships, credit facilities, financing arrangements and liquidity.
- Monitor collections, payment schedules, construction holdbacks and cash requirements.
- Provide financial analysis and recommendations to improve operational performance. 5. Taxation and Regulatory Compliance
- Oversee corporate income tax, HST, payroll remittances and other statutory filings.
- Ensure compliance with CRA requirements and applicable provincial and federal regulations.
- Oversee WSIB, T4, T5018 and other applicable reporting obligations.
- Monitor compliance with the Ontario Construction Act and related payment and holdback requirements. 6. Internal Controls and Risk Management
- Strengthen financial controls, accounting systems and approval processes.
- Identify financial, operational and project-related risks.
- Establish appropriate procedures for procurement, payments, contract administration and financial approvals.
- Ensure safeguarding of company assets and financial information. 7. Management Reporting and Business Analytics
- Prepare financial dashboards and management reports highlighting revenue, gross margins, operating expenses, project profitability and cash flow.
- Analyze financial performance against budgets and identify variances.




- Develop KPIs to measure business and project performance.
- Recommend improvements in financial systems, processes, automation and reporting efficiency. 8. Team Leadership
- Lead, mentor and develop the finance and accounting team.
- Establish accountability, reporting standards and performance objectives.
- Collaborate with project management, operations, procurement and other departments.
- Promote financial discipline and a culture of accountability throughout the organization. Qualifications and Experience
- CPA designation (Chartered Professional Accountant) required.
- Bachelor's degree in Accounting, Finance or Business Administration; MBA or equivalent qualification considered an asset.
- Significant progressive experience in senior financial management, preferably as a CFO, VP Finance, Financial Controller or Director of Finance.
- Experience in construction, general contracting, construction management or another project-based industry strongly preferred.
- Robust knowledge of ASPE/IFRS, financial reporting, budgeting, forecasting and internal controls.
- Practical knowledge of construction accounting, project costing, WIP, progress billing and revenue recognition.
- Experience managing multiple projects, complex financial operations and working capital.
- Proficiency in accounting ERP systems, financial reporting tools and advanced Excel.
- Excellent leadership, analytical, communication and decision-making skills. Key Success Measures The successful CFO will be expected to:
- Improve financial reporting accuracy and timeliness.
- Strengthen project cost controls and profitability monitoring.
- Improve cash-flow forecasting and working capital management.
- Establish effective budgeting and financial accountability.
- Support management in strategic decisions and sustainable business expansion. Pay: $147,100.00-$230,000.00 per year Work

Location:
Remote

📌 Chief Financial Officer (Canada)
🏢 SN Law Professional
📍 Canada

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