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Fairstone: Vice President Corporate Finance

Fairstone

This is a Full-time position in Longueuil, QC posted February 18, 2021.

Fairstone Financial Inc.

is currently looking to hire a Vice President of Corporate Finance in its Finance department to support our financial performance and growth strategy.Reporting directly to the CFO of Fairstone Financial Inc., this role will lead the Corporate Finance function that is responsible for providing financial reporting and analysis to support the business and financial strategy of the firm and executing corporate development opportunities.

Corporate Finance comprises 3 sub-functions: a) Financial Planning & Analysis, b) Business Analytics and c) Corporate Development functions.

The key activities for each are:Corporate Financial Planning & Analysis: This includes reporting and analysis of actual results, production of annual and multi-year strategic forecasts (Income Statement, Balance Sheet, Cash flow), product and expense management and reportingBusiness Analytics: Performance analysis of business lines, Product return analysis to drive pricing actions, evaluation of new initiatives to support new businessCorporate Development: Identifying, analyzing and leading M& A, strategic partnershipand other business growth opportunities as well as taking an active role in corporate-wide initiativesResponsibilitiesThe VP – Corporate Finance will lead various teams with more than 10 individuals and collaborate with Finance leadership as well as cross-functionally and with Executive management to lead the teams to fulfill the following responsibilities in the same order as the sub-functions listed above:Monthly and Quarterly Reporting & AnalysisProduction of monthly and quarterly results package for consumption by the CFO, Executive Management and Board ReviewsProviding high quality MD& A with respect trend of actual results compared to prior period and against Budget as well as highlighting key opportunities and risks.Providing relevant information for Corporate level presentations to internal and external audienceProduction of branch profitability and product profitability analysis providing insight into performance of each business line on a regular basisExpense Management and ReportingRegular expense tracking and reporting at company, department and line item levelProactive review and collaboration with department and cost center managers to ensure department and company-wide targets are metTracking of project level expenses and capital spend with strong focus on IT spendWorking closely with Accounts Payable and Accrual team to ensure completeness and accuracy of expense reportingAnnual and Multi-year Strategic ForecastsLeading development of the annual budget and multi-year strategic plan and ensure that the business and financial plans are in place to deliver on mid/long term targets, company objectives and initiatives, and strategyPresenting consolidated budget to senior management; articulate business environment and strategy, risks, and opportunities in the context of a formal budget presentationForecasting to cover various aspects of target setting exercise including Production, income statement including Revenue projections (Pricing, cost of fund, Insurance) and expense budgets, Balance sheet, cash flows and all relevant financial ratios.In additional to annual strategic plan, leading the Quarterly reforecasting processBusiness Analytics and Decision MakingProviding branch, product, initiative or channel level analysis to aid senior management decision making by incorporating key performance driver such as loan production, delinquency, credit losses, expenses and ancillary productsAnalyzing complex financial information and reports to provide accurate and timely financial recommendations to managementLeading strategic product and pricing initiatives in the Company’s Direct Lending (including branch network) and Indirect Lending (Retail Services and Auto)Analyzing cost of debt and cost of capital in relation to various products and customer segments as well as maintaining profitability target frameworkFulfilling Ad-hoc reporting and business support requestsCorporate DevelopmentLead identification and execution of M& A and strategic partnership opportunities including oversight of financial models, valuation, structuring and due diligenceActive participation in developing negotiation strategy and coordinate the review of the transactional legal documentation as well as development of integration plan post acquisitionManage relationship with counter parties and enforce project plan of each corporate development project by constantly communicating with counter partyWork closely with business leads for developing pitch and construct of strategic partnershipsParticipate in other Strategy and business development projects where active participation of Corporate Development is requiredAssimilate market intelligence constantly and share pertinent information with relevant Executive team member and their teamActive participation in other corporate-wide initiativesPeople Management/OtherStrong understanding of financial models and processes with continuous efforts to improve and stream lineMaintain relationships externally as well as with business partners and various functions within Finance to ensure seamless execution and quality deliverables and proper information flow are achieved and maintainedRecruit, hire and direct a high performing professional staff to manage individual functionsOversee automation of processes and reports and implementation of relevant data mining and forecasting toolsEnsuring strong internal controls and review process exists over all Corporate Finance processes, models, deals and deliverablesQualificationsUndergraduate degree in Finance or Accounting and an MBA/CPA designation15+ years’ experience with similar responsibilitiesMinimum 5 years of experience in the Financial Services industry with consumer lending focusExperience working in a multi-national organizationBroad and deep understanding of accounting principles (both US GAAP and IFRS), especially relating to financial institutionsSkills/AbilitiesSuperior management and leadership skills are requiredHighly developed analytical and presentation capabilitiesUnderstanding of key business drivers in a consumer lending business preferably with focus on Personal loan, Retail POS financing and Auto FinancingCorporate development experience in North America including M& A and strategic partnership dealsFinancial management experience with an OSFI regulated organization is a plusProven ability to interact and communicate effectively with Senior Management, External stakeholders and all levels of staffStrong people management skillsStrong quantitative/modelling skillsStrong Excel & PowerPoint skills (VBA and Access a plus)Expert knowledge of financial systems and forecasting tool Workday knowledge is a plusExcellent written skills with a strong attention to detailsMust be able to address multiple issues in a high paced/high pressure rapidly changing environment.

Time management skills are critical.Bilingual preferred (English and French)Your wellness is our priorityTo protect your health and wellness, Fairstone will conduct recruitment digitally for this position.

You will receive virtual onboarding and training and will initially work remotely with the Fairstone team.

We look forward to introducing you to the team at Fairstone’s downtown Montreal headquarters once physical distancing measures are lifted.