Job Description

Job Code : FinDHR - Director Finance HR
Location : Mississauga
Starting Date : May 2021
Salary : $110-120K corporate benefits.
Description :

If you are looking to join and industry leader in Home products, please contact Tony Curtis & Associates to review the Mississauga location duties and remuneration package.       

Our client is top level vendor to Major retailers for home product, seeking a Director of Finance (HR component). With respect to structure the client is lean and teamwork is a key skill required. CPA designation TBC if require, combined with HR administration.


  Cash/Treasury

o    Oversees daily cash planning

o    Approves all payments

o    Purchases USD funds as required

o    Ensures there is adequate cash to sustain operations:

·         Requests cash from parent company if required

·         Accounts Payable

o    Ensures vendors are paid within reasonable timeframe

o    Ensures that the trade AP sub-ledger equals the GL

o    Ties out accruals “Received Not Invoiced” file

o    Ensures all accrued liability accruals are complete and tie to the GL

·         Accounts Receivable

o    Ensures that the trade AR sub-ledger ties to the GL

o    Ensures promo allowance reserve is complete and ties to the GL

o    Prepares operational reserve

o    Prepares cash discount reserve

o    Prepares bad debt roll-forward analysis

o    Works with parent company on new account set-ups

·         Inventory

o    Reconciles the inventory sub-ledger to the GL

·         Books write-offs, revaluations and adjustments

o    Maintains the costing system

·         Updates or establishes new cost factors when required

o    Ensures all sku’s are costed correctly

·         Intercompany

o    Ensures that all intercompany accounts are in balance

·         Books foreign exchange gross up if required

·         Financial Statements

o    Responsible for the completeness of the GL and the subsequent financial reporting

o    Manually books these month-end entries:

·         Cost of goods sold

·         Handling reserve

·         Transfer Profit reserve

·         Transfers of inventory to warehouse outlet

·         Sample expense

·         Payroll expense

·         Intercompany royalties

·         Foreign exchange on intercompany accounts

·         Other inventory movement

·         Operational claims expense

·         Cash discount expense

o    Prepares internal financial recap with commentary

·         Taxes

o    Reviews HST and QST returns for completeness

o    Determines monthly corporate tax installments

o    Deals directly with government representatives to resolve tax issues

o    Prepares final trial balance for submission to tax preparer

o    Assists tax preparer with support for T2 schedules

·         Reporting

o    On a daily basis, prepares the following:

·         Borrowing Base Certificate (for PNC Bank)

·         Daily Sales Report

o    On a weekly basis, prepares the following:

·         Sales Flash in USD to Client head office

·         Sales by Sku extract for Client IT consolidation

o    On a monthly basis, prepares the following:

·         Sales & Margin report

·         Aged Inventory Summary

·         Weeks on Hand Summary

·         Quality of Aged Inventory

·         CGM’s by Customer, Product, Brand & Style

·         SGA Spend vs BUD vs PY

·         Financial Outlook for the balance of the year

·         Client Financial Package

·         Statistics Canada Wholesale Report

o    On an annual basis, prepares the following:

·         Warehouse outlet analysis

·         Budgeting

o    Compiles the detailed budget:

·         Prepares template for sales team to populate by program/month with cgm %’’s

·         Assigns budget R&A rates

·         Computes other variable components based on mix and history (warehousing, ppv, rehandling, customer freight and royalties)

·         Rolls up the details by customer/product for approval

·         Works with the President to determine the annual SG&A budget

·         Prepares final P&L by month with comparative data for approval by CFO

·         Once approved, loads budget by GL account into template for JD Edwards consolidation

·         Audit

o    On an interim and annual basis, reviews, compiles and submits all Canada requests directly to the audit team

·         Payroll

o    Files payroll instructions on a bi-weekly basis to 3rd party provider:

·         Salary changes

·         Life insurance amounts

·         Address/name changes

·         Overtime hours

·         Hourly staff hours

·         Bonus runs

·         New hire enrolment

·         Terminations and Wages in Lieu/severance pay if applicable

o    Enrolls all employees in various company plans:

·         Empire Life (Life, LTD, H&D)

·         SSQ (AD&D)

·         Canada Life (Group RRSP)

o    Takes a lead role or supports senior management in all recruitment

o    Prepares termination packages

·         Seeks legal counsel if necessary

o    Ensures all staff attendance cards are made available and are up-to-date

o    Ensures staff compliance with government agencies and/or policies:

·         WSIB

·         EHT

·         CNESST

·         Health & Safety

·         Ontario Disability Act

·         Ontario Anti-Harassment Policy

·         Emergency Exits

·         Office Administration/IT

o    Oversee renewal of office lease

o    Oversee the office contracts/maintenance (printers, postage, cell phones, Bell lines, courier)

o    Act as liaison with Hill IT support:

·         Ensure all staff has adequate hardware and applicable software loaded

·         Collaborate on repair/maintenance solutions

Skills :

Exceptional MS Office suite
Education to commensurate with title and compensation
Exposure to HR local legal parameters- hiring, releasing employees, remuneration