Our client a growing Canadian company is looking for an experienced finance leader to help them through a transition. This is both a strategic and operational assignment as you will be responsible for guiding the team through the transition whilst providing critical insights to the CEO to help improve the overall impact and value of the finance function. The VP Finance is directly responsible for the financial health of the organization, the success of its operations, and strategic financial planning. They will provide financial leadership by managing budgets, overseeing all accounting functions, conducting forecast analysis, and reporting for internal and external purposes, such that the company’s assets are safe guarded, costs are controlled, and assets are deployed in the most efficient manner. Along with the President, the VP Finance will accurately and completely represent the company to investors, board members, lenders, and the financial community. Direct Reports : Sr Finance Manager and Manager Financial Planning & Analysis.
Key Accountabilities :
- Coach and guide the team through the transition.
- Assess the people, policies, processes, and procedures. Providing key insights to the CEO.
- Develops and maintains scalable financial accounting policies, processes, and systems to foster future growth.
- Ensures financial management reporting processes are in place to support the ongoing and future needs of the business.
- Provides regular (monthly, year-to-date, etc.) reporting and analysis, including key metrics reports, and conducts ad hoc financial analysis as required to assess profitability and performance.
- Oversee the cash management function including cash flow forecasting and maintains a long-term cash forecast.
- Develops and manages advanced financial models of projected earnings and costs / expenses for all company managed properties and new developments.
- Manages the financial due diligence and pro-forma budgets of new developments and acquisition targets.
- Lead the financing of new projects including pro-forma budgets, coordination of investor cash calls, and arranging for and maintaining adequate credit facilities.
- Manages ongoing banking relationships for maximum efficiency and acts as primary liaison with corporate banks.
- Ensures financing arrangements are kept current and favorable. Monitors interest rates and debt covenants to ensure compliance.
- Coordinates appraisal process for new and existing properties, and HST self-assessments, and property value assessments.
- Coordinates investor communication and related requirements.
- Assist in preparation and review of investor and other disclosure documents.
- Provide general counsel to the President on all business and financial matters.
- Assist in internal consolidations, acquisitions and financing activities including preparation and review of documents. Liaise with legal counsel and external auditors.
- Direct preparation of and oversee the organization’s budget process; establish timelines; provide support to the finance and management teams; hold the finance and management teams accountable for process.
- Liaise with General Contractor, Quantity Surveyor, and Lenders on monthly construction draws to address budget variances and ensure project funding is provided on a timely basis.
- Oversee all aspects of Management Company, and Communities accounting, including monthly financial reports, variance analysis, budget cycles, community problem solving and trouble shooting.
- Communicate and collaborate with Operations to stay abreast of spending, budgeting, reports, and evaluation.
- Ensure quality control with respect to monthly, quarterly, and annual accounting activities, processes, and procedures.
- Oversee accounting software systems (ERP etc.); lead review process and make recommendations for improvements.
Qualifications & Education :
- CA, CGA, or CMA designation
- 7 - 10 years’ experience in senior financial management role in real estate development, seniors housing, hospitality, construction or healthcare.
- Experience creating and analyzing real estate development pro forma budgets.
- Strong analytical skills required to review costs across a range of properties, analyze, and prepare recommendations for cost controls.
- Excellent interpersonal, leadership and communication skills.
- Excellent verbal, written, and interpersonal communication skills and the ability to fluently interpret and switch between business strategies and finance details.
- Strong analytical, problem solving, negotiating, influencing, prioritization, decision-making, and conflict resolution skills.
- Ability to lead projects from concept to completion.
- Ability to manage multiple projects and convert business strategy into effective financial systems.
- Experience managing and negotiating construction and take-out financing.
- Experience managing accounting and financing for development and construction projects.
PLEASE SEND YOUR CV (AS A WORD DOC) TO : (Subject : Job Title)
LHH Knightsbridge Interim Management is a service to help our clients address a wide range of scenarios including leadership support due to sudden departures, driving key change initiatives or leading transformation projects. Our interim executives step in with minimal downtime to meet specific objectives and deliver results. All have held senior positions in the past and have now chosen to offer their unique depth and breadth of experience to organizations on a limited engagement basis.
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Lee Hecht Harrison Knightsbridge Corp. is committed to providing equitable treatment and accommodation to ensure a barrier-free recruitment process. In accordance with the Ontario Human Rights Code, Accessibility for Ontarians with Disabilities Act and our AODA policy, a request for accommodation will be accepted as part of the hiring process. If you require accommodation to apply or if selected to participate in an assessment process, please provide your accommodation needs in advance to the Recruitment Lead for this opportunity.
We thank all interested candidates in advance; however, only individuals selected for interviews will be contacted.
May 2025
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