About the position
The Chief Financial Officer is responsible for all financial strategy, capital planning, treasury management, forecasting, reporting, and financial risk oversight for the company. The CFO ensures disciplined financial management, supports operational decision-making, maintains strong banking relationships, and provides financial leadership during acquisitions, integrations, and large-scale marine projects. The CFO is a key executive partner to the CEO and a core contributor to strategic direction and long-term growth.
Key Responsibilities
1. Financial Strategy & Leadership
- • Lead the company’s overall financial strategy, ensuring strong capital structure, liquidity, and risk management.
- • Provide financial leadership to the CEO and Board, including long-term planning, scenario analysis and planning, and strategic recommendations.
- • Oversee company-wide budgeting, forecasting, and financial modeling.
- • Advise on capital allocation, growth opportunities, and return on investment for fleet expansion and acquisitions.
- • Ensure compliance with all financial and regulatory requirements.
2. Treasury, Banking & Capital Structure
- • Manage banking relationships, loan facilities, credit lines, covenants, and debt obligations.
- • Ensure adequate liquidity for operations, payroll, fuel purchases, maintenance, and capital expenditures.
- • Lead negotiations with lenders (Schedule I Banks etc., equipment finance, private investors).
- • Structure financing for new tugboats, barges, yard upgrades, or major equipment.
- • Oversee cash flow forecasting and treasury controls.
3. Financial Reporting & Controls
- • Oversee preparation or personally prepare monthly, quarterly, and annual financial statements.
- • Ensure accuracy, transparency, and timeliness of all financial reporting.
- • Strengthen internal controls, approval limits, and financial policies.
- • Lead year-end audits, reviews, and coordination with external auditors.
- • Implement KPIs and dashboards for executive and operational reporting.
- • Automate and implement AI.
4. Budgeting, Forecasting & Performance Management
- • Lead the annual budgeting cycle across all divisions: Operations, HS&Q, Maintenance, HR, IT, Fleet, and Administration.
- • Develop forward-looking forecasts that support strategic decisions and operational planning.
- • Monitor actual vs. budget performance and drive accountability for variances.
- • Work closely with COO and Operations Managers to understand operational performance drivers.
5. M&A, Due Diligence & Integration
- • Lead financial due diligence for acquisitions, divestitures, and strategic partnerships.
- • Build financial models for valuations, ROI analysis, and post-acquisition planning.
- • Support integration of newly acquired assets, systems, and teams.
- • Advise CEO and Board on risks, opportunities, and deal structuring.
6. Accounting, Payroll & Administration Oversight
- • Oversee the Controller and all accounting functions, including AP/AR, reconciliations, month-end close, and cost accounting.
- • Ensure payroll accuracy for vessel and shore staff and maintain compliance with marine wage laws and payroll taxes.
- • Ensure timely payment of suppliers, fuel vendors, ports, terminals, and regulatory fees.
- • Oversee and personally use financial systems, ERP platforms, and integration with operations systems.
7. Risk Management & Compliance
- • Identify financial and operational risks; develop mitigation strategies.
- • Oversee insurance programs, including hull & machinery, P&I, general liability, and property coverage.
- • Ensure compliance with CRA requirements, GST/PST filings, payroll remittances, and corporate tax obligations.
- • Work closely with legal advisors on contracts, leases, and corporate documents.
8. Technology & Systems Leadership
- • Oversee the IT department, ensuring reliable infrastructure for operations and vessel systems.
- • Support digital transformation initiatives to improve efficiency.
- • Ensure cybersecurity readiness and data protection compliance.
- • Align technology investments with financial priorities and ROI.
9. Executive Leadership & Collaboration
- • Partner with CEO and COO on major operational and strategic decisions.
- • Provide financial insights that guide fleet utilization, pricing, contract negotiation, and capital planning.
- • Support Board of Directors with analysis, presentations, and governance reporting.
- • Participate in contract reviews, long-term planning, and vendor negotiations.
- • Mentor finance staff and build a high-performance financial team.
Qualifications & Experience
- CPA designation; strong background in corporate finance, accounting, or financial leadership.
- Minimum 7–10 years in senior finance roles, ideally in marine, transportation, industrial, construction, or capital-intensive industries.
- Experience with debt financing, covenants, lender relations, and treasury management.
- Strong understanding of budgeting, forecasting, and variance analysis.
- Experience with M&A, due diligence, and financial modeling.
- Proficiency with ERP systems, financial reporting tools, and operational software integrations.
- Strong leadership, communication, and decision-making abilities.
- Ability to work in a dynamic environment with multiple priorities, tight timelines, and operational complexity.
Job Type: Full-time
Pay: $170,000.00-$180,000.00 per year
Benefits:
- Dental care
- Extended health care
- Paid time off
Application question(s):
- Do you have 7 to 10 years as a senior leader in finance and accounting?
- Have you completed the CPA designation?
- Have you worked in the marine, transportation or forestry industries?
Work Location: In person
