Accounting and Finance

Chief Financial Officer

Richardson Executive Search

Chief Financial Officer Calgary, Alberta

Automotive Chief Financial Officer

Reports to: Dealer Principal / General Manager

Description

The CFO is responsible for Financial Management and Reporting, Operational Funding, Insurance Coverage & Loss Prevention, I/T & Systems Support, HR support and general administration for the dealerships. Improvement in general business processes for increased operational efficiency and identification of on-going business opportunities are a result of this individual’s business background. The CFO is the coach and mentor for the Accounting Group, responsible for assisting the Controller and providing advice and support to the General Manager and members of the Senior Management Team. This person is responsible for the integrity of internal Controls, taxation and external audit functions for the business. In addition, the CFO provides an HR function including general staff planning and transitions, participates in staff performance reviews as required by Senior Management and is responsible for the development and maintenance of job descriptions and update of staff policy manuals. This individual is also the external facilitator for all Audit, Banking, Insurance, IT systems, Legal, Taxation and HR aspects of the business. As this position provides comprehensive Leadership for the administrative, systems and financial aspects of the business, the individual requires strong communication skills, a Professional Accounting designation, automotive systems & IT experience, a firm understanding of the HR role and broad experience with business financing, insurance, legal and corporate governance issues. The CFO will support the Safety Management System through regular scheduled Safety Committee attendance and, in his absence, may hold the position of Accountable Executive ensuring, through delegation, all requirements of the Alberta Occupational Healthy and Safety Act are complied with. The CFO will also possess a skill and have experience in seeing and fulfilling future automotive business acquisition opportunities.

Specific Responsibilities

  • Daily support and mentoring for the Controller and accounting staff
  • Back up for Controller and other staff on Holidays
  • Provide support to the GM and members of the senior management team
  • Provide support for DMS Management systems and information inquiries
  • Complete monthly incentive, commission & management program calculations
  • Maintain vacation tracking and accruals
  • Preparation of GST returns and Tax submissions
  • Review and sign off of monthly Bank reconciliations
  • Completion of Annual Budgets, forecast updates, Cash flow planning
  • Review and assist with the development of payroll and incentive plans
  • Monthly Financial Statement Review and submission to Stakeholders
  • Monthly revision of Year End projections in comparison to budget
  • Detail analysis of Month End Results and Finex Presentation
  • Review of Accounting Schedules, follow-up on outstanding inventory or vehicle transactions
  • Follow-up on Insurance Collections, Factory Programs, Warrantee Receivables
  • Follow – up on potential buy/sell acquisitions as presented by ownership group.
  • Liaison with Auditors, Bankers, Insurance Agents, Lawyers and Government Agencies
  • Annual review of banking facilities and programs
  • Annual review of benefit, life, health and dental programs for employees
  • Annual review of both General, Hail and Comprehensive Insurance
  • Audit preparation, planning and support schedules for External Auditors

Qualifications

  • Bachelor’s Degree in Accounting, Finance or related field (MBA a bonus)
  • Professional accounting designation (CA, CMA or CPA)
  • Minimum of 2-5 years in senior financial Managerial position
  • Background in automotive or high-volume business as a controller or comparable financial management role a plus
  • Proven skills in developing complex strategies and business models
  • M&A experience a plus
  • Proven experience with completion of successful Audits, managing external relationships with insurance agencies and bankers
  • Responsible for ensuring that all dealer/bank financial covenants are understood and met.  
  • Strong experience with all Tax planning, documentation and strategies
  • Experience with overseas (European) shareholders or parent company a plus
  • Proven leadership and team development experience
  • Clear and concise written and verbal communication skills to various levels in the organization
  • “Hands On” ERP Systems Experience – DMS experience preferred
  • Advance working knowledge of MS office

This opportunity provides a competitive compensation package. Interested applicants should submit a cover letter and resume to: Joleen.droste@richardsonsearch.ca We thank all applicants for their interest however only qualified candidates will be contacted for an interview

 

Tagged as: Chief Financial Officer