Divisional Vice President, Finance

Holt Renfrew•Toronto, ON

6d•CA$194,233 - CA$237,900•Onsite

About The Position

As a valued member of the senior leadership team, the Divisional Vice President, Finance defines the luxury lifestyle shopping experience through building lasting relationships with our people, and partners by directly and indirectly overseeing financial operations including accounting, tax, external financial reporting, treasury, financial transactions services and vendor relations for all legal entities within the structure. This role reports directly to the CFO.

Requirements

Post-secondary degree in a related field & professional accounting designation (CPA, CA preferred)
15+ years of post-secondary progressive experience in finance
Seasoned leader with minimum of 10+ years management experience in a leadership and people management role driving a collaborative, high performance, fact-based, metrics-driven, accountability-oriented finance organization who is energized by the challenge of improving financial accounting and business processes, finding operating efficiencies and establishing performance-driven environments.
Strong technical accounting skills and working knowledge of specific IFRS policies including revenue recognition, impairment assessment and lease accounting
Ability to apply experience and knowledge to create appropriate, sustainable and efficient solutions
Have the ability and willingness to think beyond the basic elements of accounting and have an interest in understanding how they translate to the overall operations and systems
Demonstrated leadership and influencing skills with the ability to get things done; encourages growth and promotes continuous learning within the team
Excellent interpersonal skills; a team player who is able to act as both a leader and an individual contributor as required
Confident and effective communication (written & verbal) and interpersonal skills
Is adaptable and comfortable with ambiguity and change
Experience in setting priorities, developing work/program schedules, monitoring quality and reporting on program outcomes to stakeholders
Experience implementing and/or upgrading finance systems
Results driven, ambitious, strong initiative, reliable and excellent problem solving skills
Attention to detail and a high degree of accuracy
Proficient in the use of accounting software (SAP)
Advanced computer skills (Word, Excel, and PowerPoint)
Passion for fashion and luxury retailing

Responsibilities

Oversee the accounting operations to ensure transactions are recorded accurately and in a timely manner in accordance with IFRS
Responsible for the annual statutory financial statements and external audit process, including presentation to Audit Committee
Responsible for monthly internal management pack provided to executive leadership & Board of Directors
Provide guidance on accounting matters including financial systems, record keeping, analysis, and reporting
Lead the balance sheet and cash flow budgeting and forecasting process
Ensure compliance with all tax authorities, either through direct management or use of tax specialist
Ensure effective controls over financial reporting are in place
Support the on-going advancement and monitoring of financial control systems designed to preserve company assets, minimize risk of loss, and ensure accurate financial reporting
Oversee cash flow, liquidity, and working capital to support operational activities and investments
Ensure appropriate cash management policies, practices and reporting to effectively manage cash on hand and satisfy company’s obligations
Maintain banking relationships and oversee bank facilities and covenants
Foreign currency management
Lead accounts payable, accounts payable, sales audit and vendor/customer data maintenance teams
Ensure integrity of sales and receivables, as well accuracy, completeness and timeliness of customer payments
Ensure that effective procedures and controls are in place over payment processes to safeguard company assets and pay vendors on a timely basis
Gatekeeper for vendor payment terms
Oversee Holt Renfrew Vendor Reference Manual and Vendor Terms Card for merchandise vendor partners with the objective of ensuring process efficiencies, regulatory compliance and risk mitigation
Responsible for non-compliance management
Partner with other areas of the business on strategic initiatives and system changes to ensure financial controls and accounting requirements are appropriately considered and that overall company goals are achieved
Serve as a member and Treasurer of the Holt Renfrew pension committee. Treasurer’s role is to ensure that financial statements are completed and filed as per regulatory requirements.
Treasurer for Property company which entails general financial oversight, budget development, cash management, financial reporting and setting appropriate financial policies.
Lead, motivate, train and retain a team of 30+ high performing employees via 5 direct reports
Support leadership and parent company on ad-hoc financial requests
Comply with all Health & Safety policies and requirements