Vice President, Finance & Procurement

Payments Canada; Toronto; Hybrid; CAD 161,000 - 203,000; Full time

Job summary

Payments Canada is seeking a Vice President of Finance & Procurement to lead strategic financial management and procurement oversight. This role involves ensuring effective budget processes, financial reporting, and stakeholder engagement, contributing to the organization's mission of enhancing payment systems across Canada.

Benefits

Flexible, hybrid (remote/office) environment

Competitive compensation package with annual variable bonus

Comprehensive health and dental benefits

Paid time off including four weeks vacation

26 weeks of paid maternity and parental leave top-up

Access to office gym facilities

Internal and external professional development opportunities

Qualifications

• Minimum of 15 years of progressive leadership experience in finance or accounting.
• Ability to develop briefings and presentations for various audiences.
• Bilingualism (French / English) is an asset.

Responsibilities

• Accountable for the budget process and reporting to management and the Board.
• Oversee daily operations of the accounting department and treasury management.
• Develop and operationalize the procurement function strategy.

Skills

Leadership

Communication

Financial Analysis

Education

Undergraduate or graduate degree in Business, Accounting, Finance

Chartered Professional Accountant (CPA) designation

Job description

Payments Canada is at the forefront of the Canadian payment ecosystem. Our purpose is to make payments easier, smarter and safer for all Canadians. Every day we are working diligently to ensure your payments are cleared and settled. In 2023 alone, our systems cleared approximately $112 trillion or $450 billion each business day! If you are passionate about payments and want to help ensure that these financial transactions in Canada are carried out safely and securely, working with us is for you !

Who we are

We are a public purpose, non-profit organization situated at the centre of Canada's payment ecosystem. We own and operate payment systems that process hundreds of billions of dollars worth of payment transactions every business day. We convene ecosystem participants to discuss their multiple and diverse interests and ideas and to navigate industry-level challenges. We adhere to a set of values that are our north star : Inspire trust, build community and enable change .

Payments Canada - where our country connects :

Payments Canada - Who we are

Our culture

With our people in mind we have created a culture that fosters authenticity, collaboration, innovation and development. We empower one another, make meaningful contributions that not only impact the organization, but our country! We develop and nurture meaningful connections that drive innovation in our ecosystem. We are Payments Canada!

Do you want to make payments easier, smarter and safer for Canada? Join us today!

You need to work here if

• You love working with passionate, ambitious and collaborative colleagues.
• You want to be challenged and lead unique initiatives.
• You want to grow, develop and become a subject matter expert in your field.
• You want your work to make an impact in your community and country.

Come and join us - where payments meet purpose!

What we are looking for

Reporting to the Chief Financial Officer and working closely with members of the Executive Leadership Team, the Vice President, Finance & Procurement plays a key strategic role in supporting the future state of the organization in areas of strategic financial modeling and analysis, funding and pricing. This role oversees Payments Canada's financial planning and analysis, accounting and procurement functions and supports the planning and execution of key member and stakeholder workshops and events and conducting key team management and reporting activities to support daily operations.

A day in the life

Your responsibilities as the Vice President of Finance and Procurement will include but are not limited to :

Strategic Planning and Financial Management :

• Ensure an appropriate funding strategy is in place.
• Accountable for the budget process, including the reporting on budgets and forecasts to internal management, the Board of Directors and members as needed.
• Monitoring and analyzing financial data and producing financial reports in support of Payments Canada's financial governance requirements.
• Leading continuous improvement projects and contributing to corporate projects that require financial insight or pose financial implications.

Accounting and Treasury Operations :

• Managing and overseeing the daily operations of the accounting department Oversee the treasury management function, including day to day management of corporate credit agreements.
• Overseeing, coordinating and completing year-end audits for financial and pension statements.
• Preparing and presenting financial reports for various external stakeholders groups as well as the board of directors.
• Maintaining a sound internal control framework for preparing financial information.
• Establishing and enforcing proper accounting methods, policies, and principles.

Procurement Oversight :

• Developing and operationalizing the procurement function strategy.
• Leading the development and maintenance of the procurement management programs.

Governance and Stakeholder Management :

• Leading the review, amendment suggestions, and ensuring finance bylaws remain fit for purpose.
• Leading the partnership with the Total Rewards Manager on the Pension Committee.
• Liaising with internal and external stakeholders to meet ongoing and project-based requirements.

What you need to be successful

• Undergraduate or graduate degree in Business, Accounting, Finance, or related field.
• Minimum of 15 years of progressive leadership experience, including effectively leading teams in the realm of finance, accounting or related fields.
• Achievement of a Chartered Professional Accountant (CPA) designation, showcasing comprehensive expertise in accounting and auditing practices and standards.
• Excellent communication and presentation skills; demonstrated ability to develop briefings, presentations and effectively communicate information to a variety of audiences including board members.
• Travel outside the Toronto and Ottawa areas will be required.
• Eligibility to successfully complete background checks that will be carried out by Payments Canada, including criminal, credit, identity, employment, and education checks.

You will really stand out with

• Bilingualism (French / English) would be considered an asset.
• Experience working in a non-profit Organization would be considered an asset.

Salary range

• Based on qualifications and experience : $161,805 to $202,256.

Please submit your application by April 14, 2025.

What's in it for you?

• Flexible, hybrid (remote / office) environment.
• Competitive compensation package, including annual variable bonus and defined contribution pension plan with employer matching percentage (if eligible).
• Comprehensive health and dental benefit coverage, including mental health coverage, life insurance and a health spending account for you and your dependents (Permanent and temporary employees with contracts 12 months and over).
• Paid time off : minimum four weeks paid vacation, sick and personal days, December holiday shutdown and cultural holiday observance days.
• 26 weeks of paid maternity and parental leave top-up.
• Rewards and recognition program.
• Access to office gym facilities.
• Internal and external professional development opportunities.
• Fun team and organizational events.
• Monthly all staff forums led by our Executive Leadership Team.

Our diversity, inclusion and equity commitment

At Payments Canada, we are committed to making everyone feel they can be themselves and thrive at work. We will continue to build on a foundation of respect and appreciation for diversity in all forms and collectively create an inclusive and equitable culture where our differences are valued.

We are committed to employment equity and actively encourage applications from women, Aboriginal people, persons with disabilities and visible minorities. If selected for an interview, please advise us if you require special accommodation by emailing [e-mail].

We thank all applicants for their interest in this opportunity. Preference will be given to Canadian citizens and permanent residents. Only selected candidates will be contacted for an interview.

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