Director, Financial Reporting
Vena Solutions
Accounting & Finance
Toronto, ON, Canada
Posted on Saturday, April 22, 2023
This is a flexible position and has the option of working in our Toronto office full time, hybrid throughout the week or working entirely remotely. #LI-Remote
About the role:
Reporting to the Vice President, Finance, the Director, Financial Reporting is an integral part of Vena’s Finance organization overseeing the financial close process and the resultant internal and external financial reporting, including the production of the monthly management, investor and legal entity reporting as well as the annual consolidated Financial Statements. This role also supports the implementation, maintenance and review of internal controls and accounting policies and procedures.
Managing a small team, the Director, Financial Reporting will be responsible for the accuracy and completeness of financial records and reporting, internal controls, evaluating and managing disclosures and risk as well as supporting investor and shareholder management. This position also identifies areas where automation or efficiencies are possible and implements changes to processes, forms, workflows as needed in collaboration with stakeholders. We are looking for a results-driven and assured finance leader who possesses strong reasoning skills, exceptional problem-solving skills, a flair for numbers, be highly organized, and have excellent leadership skills.
The Director, Financial Reporting will join a highly motivated team of finance professionals as a key member of Vena Finance’s management team. The successful candidate will be a highly respected, proactive, and trusted leader and partner to the VP, Finance who possesses strong core values and unquestioned integrity. The successful candidate brings an entrepreneurial mindset, a sense of urgency and a strong will to win and will provide the organization with the financial direction and capability to make well-informed judgements and execute on strategies to support the organization’s growth mandate and continued success. This role works closely with other Finance functions (Tax, Treasury, FP&A), Legal and Human Resources teams, so strong business partnership skills are critical.
What you will do:
- Be a trusted advisor and support the management team in making the right decision for the business through best-in-class financial management practices and accurate financial data
- Ability to find resolutions, prioritize effectively and meet deadlines while maintaining the highest level of standards for completeness and accuracy
- Act as the financial reporting subject matter expert for all internal and external stakeholders, provide technical expertise and advice on all matters related to accounting standards, financial reporting, policies, procedures, internal controls, and the Company’s overall financial health
- Manage, motivate, and develop the team by providing support, training, mentorship, and development while encouraging a continuous improvement and innovative mindset
- Act as the process owner driving process transformation and technology enhancement leveraging best practices and industry trends with a focus towards scaling the financial close and reporting operations
- Responsible for the accurate and timely preparation, consolidation and review of month, quarter and year-end close and financial reporting, underpinned by a strong system of internal controls, in compliance with IFRS and best-in-class customer service
- Oversee the preparation of all financial statements, internal and external financial reports and government/investor reporting and ensure compliance with IFRS and Company policies and procedures
- Lead all financial research efforts from evaluation to conclusion on all significant accounting transactions, new and proposed accounting, reporting and disclosure standards issued including memorandum preparation documenting the position and impact on the Company
- Coordinate, direct, plan, and execute all external financial statement audits
- Ensure journal entries, account reconciliations, analysis as well as year-end processes for reporting, regulatory filings, and supporting audits are completed within prescribed timelines
- Create and enforce standards for the financial close processes and workflows; evaluate and diagnose current system processing issues, propose and implement solutions, support existing automation projects and continuously drive improvement
- Develop, define, and enforce clearly documented policies and procedures including process design, operating procedures, governance, templates, and training materials
- Play a key role in the development and execution of the Company’s ESG (Environmental, Social and Corporate Governance) disclosure practices
- Other duties as assigned
Does this sound like you?:
- The ideal candidate is a senior financial leader who brings a minimum of 10+ years of progressive financial leadership experience with a minimum of 5 years in a supervisory role
- University degree preferably in finance or business with an accounting designation (CPA, CA) and/or an MBA with a strong working knowledge of IFRS. Public company experience and/or experience scaling a company with an international footprint through high growth is desirable
- Disciplined, metrics-driven and bring demonstrated insight regarding the meaning of financial data as it relates to the operations of a business and a proven track record in building and implementing controls and reporting systems that provide outstanding financial and managerial reports for decision-making purposes
- A confident and mature leader with a positive attitude and a winning spirit, capable of leading, motivating, and inspiring others and developing a high performance finance team
- Highly organized, manages time well, takes responsibility for assigned tasks and shows initiative to suggest improvements to systems, processes, and procedures
- Excellent communication skills and adept at explaining complex ideas and concepts in simple terms and ensuring open lines of communication throughout the organization
- Proven ability to interact with all levels of the organization confidently and effectively and to build strong working relationships in a team-oriented, deadline driven environment
- Understand what needs to be done to continue to mature the organization’s financial acumen and processes
Not checking every box?
Sounds like the job for you, but you don’t think you have what it takes on paper? Reach out to us anyway! We’re aware that members of marginalized groups typically apply only when they check every box. Vena is an inclusive workplace that considers all applicants. We value diversity—in professional backgrounds and in experiences—and are committed to providing equal opportunity and a sense of belonging for all employees and applicants. Let’s discover together whether you could be a great fit at Vena.
Why choose Vena?
- Total Rewards: Grow with Vena and celebrate its success with our Employee Stock Option Program (ESOP). We look ahead and invest in your future with our Retirement Savings Matching Program. We also provide comprehensive health benefits through our employer group plan effective from day one.
- Unique Culture: Join us in our ongoing commitment to build a diverse and inclusive workplace. Every voice, action and idea matters at Vena.
- Career Growth: We invest in your job training, professional development and continuing education and offer an Education Subsidy. Pursue your interests and chart your growth towards a new position on your current team or a new one. Vena had 240+ employee promotions and internal moves to new roles in 2022!
- Executive Leadership: Be inspired by our executive leadership as they lead and motivate our team.
- Read what employees say about working at Vena!
Please note: All interviews will be conducted using Zoom. We believe everyone should get to work from a location that suits their job and lifestyle the best, whether that is at home, in office, or a hybrid.
See more open positions at Vena Solutions
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