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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 |
