Financial Director

CONTRACT: 3-6 months

SETUP: Hybrid, 3 days/week in office, downtown Toronto

START DATE: August 10th

About the Opportunity

General Financial Oversight

• Prepare monthly, quarterly, and annual financial statements and reports, highlighting key metrics and trends.
• Reconcile revenue and commission-related balances to ensure proper financial tracking.
• Assist in developing financial policies, procedures, and internal controls to streamline financial operations.
• Work closely with senior leadership to support business decisions and optimize financial performance.
• Assist in preparing for audits, including providing necessary documentation for revenue and payroll audits.
• Ensure compliance with applicable laws and regulations regarding payroll and revenue recognition.

Revenue Recognition

• Lead the revenue recognition process in accordance with [GAAP/IFRS] and industry best practices.
• Oversee monthly and quarterly revenue close processes, ensuring accurate reporting of sales, commissions, and related costs.
• Ensure alignment between revenue recognition, commission structures, and overall financial reporting.
• Manage the timing and recognition of revenue in complex contractual arrangements and recurring sales models.
• Perform detailed reviews of contracts and sales agreements to ensure proper accounting treatment for revenue recognition.
• Coordinate with sales and accounting teams to ensure accurate forecasting and financial reporting.

Process Improvement

• Continuously assess and improve payroll and revenue recognition processes to increase efficiency, accuracy, and compliance.
• Identify and implement automation opportunities to streamline payroll processing and financial reporting.
• Collaborate with IT and software vendors to maintain and optimize payroll and accounting systems.

Payroll Processing for Sales Team

• Process bi-weekly/monthly payroll for sales personnel, including base salary, commissions, bonuses, and adjustments.
• Ensure timely and accurate commission calculations, reflecting individual and team performance metrics.
• Maintain compliance with tax regulations, benefit deductions, and other payroll-related issues specific to salespeople.

About You

• Accounting designation
• 8+ years of hands on experience in full cycle accounting
• 3+ years of experience at the Controller or Director of Finance level
• Strong understanding of revenue recognition principles (ASC 606 or IFRS 15)
• Advanced proficiency in Excel (pivot tables, v-lookups, etc.).

JOB ID: 484349

---- DISCLAIMERS -----

This position for employment is for a current vacancy with Highspring’s client. You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.

By submitting to this position, you agree that you will be giving Vaco by Highspring the exclusive right to present you as a candidate for the foregoing position. Additionally, you agree to be included in our talent pool for future hiring for similarly qualified positions. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications.

Lastly, you also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco by Highspring about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application.

In exchange, Vaco by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.

Vaco by Highspring values a diverse workplace and strongly encourages women, people of colour, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.

The company is also committed to ensuring that persons who need them are provided with reasonable accommodations; if one is needed to participate in the job application or interview process, please contact HR@vaco.com .

Vaco by Highspring respects your privacy and is committed to providing transparent notice of our policies in English here and in French here. Additionally, the company uses AI to perform preliminary screenings, focused on ensuring minimum job requirements noted in the position are satisfied. Further assessment of candidates beyond this initial phase will be conducted by recruiters and hiring managers.

Vaco/Highspring does not know and cannot opine on if its client’s use of AI products in hiring.

Pay Transparency Notice

Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:

• the individual’s skill sets, experience and training;
• licensure and certification requirements;
• office location and other geographic considerations;
• other business and organizational needs.

Having said that Vaco by Highspring believes that the salary range referenced reasonably estimates the base compensation for an individual hired into this position. The individual may also be eligible for discretionary bonuses and/or participation in medical, dental, and vision benefits as well as the company’s retirement plan (or similar retirement benefits).