Job Posting Title

Director, Financial Reporting

Job Category

FIN Management

Language Requirements

Bilingual / Bilingue

In the event a qualified bilingual candidate is not found, a qualified unilingual candidate will be considered. / Dans l’éventualité où un candidat bilingue qualifié n’est pas disponible, un candidat unilingue qualifié sera considéré.

Flexible Work Agreement Type

Hybrid / Hybride

Posting End Date

2024-12-17

Job Grade

L3

Pay Range

Commensurate with Experience / Selon l’expérience

Job Summary

In this unique Director, Financial Reporting role, you can look forward to getting to focus primarily on the external facing financial functions of the company. Reporting directly to the VP Chief Financial Officer, and sitting at the director level, this role will work in close partnership with the Director, Financial Services to create synergies between the groups, driving improvements and creating alignment in the department. The Financial Reporting’s Group, consisting of a team of 7, is responsible for corporate reporting including the month end close cycle, consolidated internal and external financial reporting and consolidated budget and forecast reporting.

As the Director, Financial Reporting you will be responsible for managing the relationship with the external auditor and for ensuring timely and accurate internal and external reporting that is compliant with International Financial Reporting Standards (IFRS) and external reporting that is compliant with Canadian Securities Administrators (CSA) regulations for public issuers in Canada.

You will have the opportunity to build relationships and work collaboratively with colleagues, management, employees as well as external auditors. You would enjoy the challenge of dealing with conflicting priorities and demands and the need for you to work simultaneously on many tasks and/or projects. You will use your judgment and discretion when making decisions that would have an impact on efficiency and effectiveness within the department. As well as playing a key role in ensuring the company is able to achieve it’s strategic objectives.

Job Description

What NAV CANADA offers you:

• Challenging, team-oriented work environment
• Competitive compensation and flexible benefits
• Defined benefit pension plan
• Opportunities for growth and development
• Flexible work arrangements
• Diverse and inclusive workforce

In this role you will:

• Establish accounting policies and procedures for the Company in accordance with International Financial Reporting Standards (IFRS). Ensure changes in accounting treatments are implemented timely and accurately through the application of change management best practices.
• Develop and oversee the management of the Company’s internal and external financial statements, external management discussion and analysis (MD&A), that are in accordance with IFRS and required regulations such as Canadian Securities Administrators (CSA). Recommend accounting treatments and disclosure of the Company’s transactions and financial risks in the financial statements and MD&A.
• Develop and oversee the consolidation of the Company’s annual budget, 5-year outlook and periodic forecasts. Provide senior management, the Audit & Finance Committee and the Board of Directors with analysis and information to support their decision making.
• Develop and oversee the management of the Company’s month end close process including payroll, treasury, regulatory and consolidation accounting, while ensuring efficiency and compliance with accounting policies and internal controls. Challenge the foregoing processes for continuous improvement on an ongoing basis. 
• Identify and recommend regulatory accounting treatments and monitor recovery of existing regulatory deferrals to ensure compliance within the overall regulatory framework.
• Oversee the actuarial valuations for accounting purposes of the Company’s actuarially determined benefit plans including validation of key assumptions.
• Chair the Company’s Disclosure Committee and support the preparation and review of presentations to stakeholders, rating agencies, lenders and investors.
• Communicate effectively on an ongoing basis with senior management, the Audit & Finance Committee, Financial Reporting staff, internal audit, and internal controls office.
• Manage relationship with the external auditor to promote efficient and high-quality level of service.
• Direct the group’s technical and administrative functions.
• Recruit, motivate and train a high performing Financial Reporting management team. Conduct performance evaluations on management staff and oversee performance evaluations for staff. Mentor, motivate and develop management team and staff and serve as a resource for them to facilitate their professional development.

What you bring:

• Undergraduate degree with specialization in accounting, finance, business administration, commerce, management or economics.
• Must possess a Chartered Professional Accountant (CPA) designation.
• The successful candidate will have 10+ years experience in finance/accounting with a strong background in operations environments.
• Minimum of 5 years progressive leadership experience required.
• Progressive work experience in a large corporate finance function or similar role, which would include the financial reporting function and working with external auditors.
• Extensive experience with IFRS, financial reporting for public companies and internal controls.
• Experience in reviewing actuarial valuations and their key assumptions
• Experience working with regulatory accounting is an asset.
• Proven experience managing and mentoring a team.
• Experience preparing and delivering presentations and briefings as required to senior management and Board members in a manner allowing for the understanding of complex accounting and reporting concepts.
• Excellent knowledge of IFRS
• Expert financial analysis and accounting skills and strong knowledge of internal control environments.

How others describe you:

• Excellent decision-making skills. Ability to think critically to assess options and clearly recommend alternatives with balanced arguments and appropriate consideration of risk.
• Highly organized with an ability to handle and effectively prioritize multiple tasks.
• Ability to achieve results by identifying and resolving significant problems within the scope of responsibility and building consensus around resolutions.
• Strong leadership and people management skills; ability to motivate and develop teams, influence and advise senior management and stakeholders, and execute with excellence.
• Demonstrated ability to develop strategies for employee development that are aligned with the Company’s and team’s objectives.
• Strong written and oral communication skills capturing and expressing reasoning behind recommendations and assumptions. Demonstrated capabilities organizing and translating complex financial information for non-financial staff.
• Ability to work well with people at all levels of the organization, forge strong alliances and build solid relationships characterized by mutual respect, openness, and trust.
• Capable and committed leadership and management skills demonstrating trust, integrity, and professionalism.
• Strong business acumen allowing for an understanding of the financial risks facing the organization.

Working Conditions:

• This position is a Hybrid position based at the Ottawa Head Office requiring a minimum of 3 days in the office.
• Work environment is consistent with a typical office environment.  Most deliverables are subject to tight deadlines consistent with a public reporting issuer.
• Limited travel may be required.

NAV CANADA is committed to building a skilled, diverse workforce reflective of Canadian society. If you do not believe that you match every job requirement listed on this job posting, we still encourage you to apply. NAV CANADA encourages a culture of learning and growth, and recognizes that although some technical skills are mandatory, many others can be taught.

Our Company strives to create an inclusive and barrier-free selection process and work environment. If you require accommodations during this competition process, please ensure that you inform the interview coordinator or hiring manager of any accommodation measures you may require. NAV CANADA will provide accommodations throughout the recruitment and selection process to applicants with disabilities as required.

The successful candidate must meet the security requirement of the position and be legally able to work in Canada.

We thank all applicants for their interest; only those selected for an interview will be contacted.

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