Position Title: Chief Financial Officer (CFO)

Reports to: Chief Executive Officer (CEO)

Position Summary

High-tech manufacturing company in downtown Toronto is seeking a Chief Financial Officer (CFO) who will be responsible for the overall financial leadership, operations, and stewardship of the organization. As a member of the executive leadership team, the CFO develops and executes financial strategies that support sustainable growth, operational excellence, manufacturing optimization and long-term profitability.

The ideal candidate will oversee all aspects of accounting, financial planning and analysis, budgeting, treasury, taxation, risk management, financial reporting, information systems related to finance, and internal controls. This role partners with senior leadership to improve operational efficiency, optimize pricing, manage costs, and support expansion initiatives while ensuring compliance with Ontario and Canadian financial regulations.

Key Responsibilities

Strategic Leadership

Develop and implement financial strategies aligned with the organization's mission, vision, and business objectives.
Serve as a strategic advisor to the CEO and executive leadership team.
Oversee daily operations, develop strategic plans and control budgets to optimize business growth
Evaluate business marketing opportunities and partnerships.
Provide financial analysis to support executive decision-making.
Participate in long-term strategic planning and organizational development.

Financial Management

Lead the annual budgeting process and long-term financial planning.
Prepare rolling forecasts and cash flow projections.
Monitor financial performance against budgets and strategic goals.
Recommend corrective actions to improve financial performance.
Develop financial models to support operational and strategic initiatives.

Financial Reporting

Oversee the preparation of monthly, quarterly, and annual financial statements.
Ensure financial reporting complies with Canadian Accounting Standards for Private Enterprises (ASPE)
Present financial results and key performance indicators (KPIs) to senior leadership and ownership.
Maintain accurate and timely financial records.

Accounting and Internal Controls

Direct all accounting functions, including:

- General ledger

- Accounts payable and receivable

- Payroll

-Inventory and cost accounting

Establish and maintain strong internal controls and financial policies.
Coordinate external audits and reviews.
Ensure compliance with accounting standards and corporate policies.

Manufacturing and Operational Finance

Develop and monitor product costing methodologies.
Analyze manufacturing costs, labour efficiency, and material utilization.
Monitor vendor relations, inventory valuation and turnover, and obsolescence.
Support pricing decisions through detailed profitability analyses.
Identify opportunities to improve operational efficiency and reduce costs.
Evaluate capital equipment purchases and technology investments.

Treasury and Cash Flow Management

Manage cash flow and working capital.
Maintain relationships with financial institutions.
Oversee banking, financing arrangements, and debt management.
Monitor liquidity requirements and investment opportunities.
Optimize working capital through effective management of receivables, payables, and inventory.

Taxation and Regulatory Compliance

Oversee corporate tax planning and compliance.
Ensure timely filing of all statutory and regulatory requirements.
Ensure compliance with Canada Revenue Agency (CRA) requirements, payroll regulations, and applicable provincial legislation.
Coordinate with external tax advisors and legal counsel.

Risk Management

Identify financial, operational, and strategic risks.
Develop risk mitigation strategies.
Oversee insurance coverage and claims management.
Support business continuity and disaster recovery planning.
Maintain financial governance practices that safeguard organizational assets.

Leadership and Human Capital Management

Lead, mentor, and develop the finance and accounting team.
Foster a culture of accountability, collaboration, and continuous improvement.
Establish departmental objectives and performance metrics.
Promote employee development and succession planning.

Information Systems and Technology

Oversee financial systems, manufacturing systems, ERP platforms, and accounting software.
Support digital transformation initiatives that improve financial reporting and operational efficiency.
Ensure financial data integrity, security, and reporting accuracy.
Collaborate with technology and operations teams on system implementations and process improvements.

Qualifications

Education

University degree in Accounting, Finance, Business Administration, or a related field.
Chartered Professional Accountant (CPA) designation required.
MBA or other advanced business qualification is an asset.

Experience

Minimum of 10 years of progressive financial management experience.
At least 5 years in a senior financial leadership position.
Experience in a manufacturing, healthcare, dental, medical technology, laboratory services, or a related industry is preferred.

Knowledge and Skills

Financial planning and analysis
Strategic business planning and execution
Vendor relations and strategic sourcing
Stakeholder relationship management
Financial reporting and budgeting
Corporate taxation
Internal controls and risk management
ERP and financial information systems i.e. SAGE 300
Leadership, people and culture development

Pay: $132,144.00-$180,000.00 per year

Work Location: In person

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Chief Financial Officer (CFO)