Chief Financial Officer

OPB (Ontario Pension Board); Toronto; On-site; CAD 150,000 - 250,000; Full time

Job summary

The Ontario Pension Board seeks a Chief Financial Officer (CFO) to lead financial strategy, manage enterprise risk, and ensure governance excellence. The ideal candidate will have executive experience in finance and a CPA designation, fostering a high-performing team and contributing to strategic business planning.

Qualifications

• Proven executive managerial experience in finance, accounting, risk, and procurement.
• Experience in finance, financial reporting, auditing, and taxation.
• Knowledge of the pension industry and actuarial principles.

Responsibilities

• Lead finance, risk management, and procurement functions.
• Develop and execute OPB’s financial strategy.
• Oversee financial reporting and regulatory adherence.

Skills

Leadership

Strategic Thinking

Problem Solving

Communication

Education

CPA designation

Job description

Ontario Pension Board (OPB) administers Ontario’s Public Service Pension Plan (PSPP), a major defined benefit pension plan sponsored by the Government of Ontario. With $31 billion in net assets and 100,000 members, the PSPP is one of the largest and oldest pension plans in Canada.

In 2017, OPB, along with WSIB, spearheaded the creation of the Investment Management Corporation of Ontario (IMCO) as a separate investment management firm, mandated to manage assets and provide the scale and access to various asset classes on a global basis. The Plan’s assets continue to be managed by IMCO, with oversight by OPB.

OPB has two lines of business – pension administration and investments – and operates in a highly-regulated environment as a fiduciary organization. OPB’s overarching mission is to protect the pension promise and the pension of plan members, while providing exceptional client service.

THE OPPORTUNITY

Reporting to the President & CEO, the Chief Financial Officer (CFO) is responsible for leading the finance, enterprise risk management and procurement functions at OPB. Working closely with the Board of Directors, Finance, Audit and Risk Committee and the Senior Executive Team, the CFO actively participates in the development of strategic business plans and budgets and is responsible for the stewardship of OPB’s finances, ensuring organizational oversight, proper governance and fiscal responsibility through the planning and implementation of a financial strategy.

The CFO leads the development and execution of OPB’s financial strategy to support overall business goals, including long-term planning and capital allocation. The CFO also oversees financial reporting, pensioner payroll, tax compliance, treasury operations, and internal and external audits, ensuring accuracy, transparency, regulatory adherence and alignment with strategic objectives. Additionally, the CFO has accountability over enterprise risk management and procurement functions, while also providing executive leadership across strategic projects and fostering a high-performing and inclusive team.

IDEAL EXPERIENCE

• Well-developed and proven executive level managerial experience is critical to lead, develop and motivate employees in diverse and complex finance, accounting, risk and procurement functions. Proven track record of developing and implementing a strategic vision for Finance.
• Extensive experience in finance, financial reporting, auditing, taxation relating to disbursements and investments, and investment accounting.
• Experience in managing and overseeing agreements and contracts.
• Knowledge of the pension industry and legislation and knowledge of actuarial principles to provide reporting on the Fund's financial position.
• Strategic thinking skills to contribute to the development and implementation of strategic plans as part of the senior leadership team.
• Well-developed communication and interpersonal skills to build relationships with the Senior Team, a sophisticated Board of Directors, critical vendors, and external contacts.
• Ability to build and manage partnerships with external advisors, consultants, and suppliers to obtain optimal performance and cost effectiveness.
• Demonstrated effective creative problem-solving skills.
• Membership in the Institute of Chartered Professional Accountants and an active CPA designation.
• Experience in a large audit firm environment would be helpful.

OPB is committed to fostering a culture of diversity, equity, and inclusiveness that reflects the diverse communities we serve, and welcomes and encourages applications from those who may contribute to the further diversification of ideas. OPB is committed to providing accommodation for people with disabilities in its recruitment process. Please advise LHH Knightsbridge if you require accommodation, and we will work with you to meet your needs. The successful candidate being considered for this position will be required to submit to a background screening.

If you are interested in being considered for this exciting and challenging opportunity, please apply through LinkedIn or you may submit your cover letter and resume by email to Chris Sawyer, Senior Consultant, at [e-mail] .