Chief Financial Officer, Calgary

Published 2022-05-22
Expires 2022-06-22
ID #1008536740
250000 CA$
Chief Financial Officer, Calgary
Canada, Alberta, Calgary,
Published May 22, 2022

Job details:

Job type: Full time
Contract type: Permanent
Salary type: Monthly
Occupation: Chief financial officer
Min. Salary: 200.000

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Description :
About connectFirst Credit Union
As a credit union, we're different than a bank - and we like it that way.
At connectFirst, we spend our days helping our members achieve their financial aspirations through a community-focused approach to banking that’s true to our co-operative principles. You’re our member, not a number. We’re your neighbours and your partner. Over 80 years ago we started from humble beginnings. Through the years, we’ve grown to become one of Alberta’s leading financial institutions through a desire to connect the dots between your dreams, your goals, your community, and your financial wellness and we echo these desires through our new, consolidated connectFirst brand.
We believe that banking is about more than money - it’s a cornerstone of every vibrant community and that our members should expect us to positively impact the financial success and viability of the communities that we call home. We invest meaningfully in the potential and well-being of our employees, and what matters most to our members. We have honest conversations about real things, as real people. Our members are owners, they have a say in how we operate, they earn dividends on common shares and investment shares, and they have access to an extensive array of financial products and services.
Our mission: Make money make a difference.
Our vision: Do what's right for every member.
Our values: Think big, act local, take charge, and make it easy.
We’re committed to providing remarkable experiences to our members, our communities, and our employees, and we’re proud to be regarded as one of the best:
Named among Canada’s Most Admired Corporate Cultures™ by Waterstone Human Capital
Recipient of Canada’s Best Managed Companies award for 21 consecutive years
$12.3 billion book of business (Deposits=45%, Loans=43%, Wealth Mgmt=10%, Syndicated Loans=2%)
750 employees
$585 million in Member's equity
The Opportunity
The CFO is responsible for developing and overseeing the execution of the organization’s financial strategies and ensuring internal controls are in place to effectively manage its assets and revenues. The role involves proactive leadership to help the organization achieve sound decision-making related to investments and the deployment of capital and to create the proper balance between risk and reward to achieve optimum return on capital.
This position is part of the Senior Management Team (SMT) and is responsible for collaborating with the other members of the SMT in delivering and achieving overall corporate results under the direction of the CEO. The SMT is also responsible for leadership and championing the corporate culture.
As a visionary and future-focused leader, the CFO will actively expand information sharing opportunities across functions within the organization. They will promote improvements to existing budgeting processes, reporting packages, performance dashboards and provide insightful analytics to support decision making. This will include working closely with their peers to develop best-in-class data governance strategies.
CFO Functions
Financial Analysis and Reporting
Board & Management Committees
Audit & Finance Committee
Board Risk Committee
Management Credit Committee
Information Technology Oversight Committee (ITOC)
Risk Oversight Committee (ROC)
Key Accountabilities
Monitors treasury strategy and policies including Liquidity, Investment and Lending, Asset Liability Management, Interest Rate Exchange, Derivatives and Foreign Exchange; ensures all reporting processes including those of a regulatory nature, are completed and all trends identified and analyzed; ensures the organization meets all external liquidity regulations and internal policy limits; leads the implementation of internal controls within treasury and ensures internal audits are conducted for market risk and other treasury functions.
Develops a long-range capital plan with the CEO and senior executives designed to maximize business successes, current and future which is approved by the Board; defines and maintains financial frameworks and standards for operating and capital allocation.
Leads the organization’s pricing strategy by recommending and administering interest rates for existing products and services in collaboration with key executives; provides rate quotations for unusual or unique circumstances and approves discretionary pricing approaches.
Maintains corporate financial policies, controls, procedures and standards to ensure adequate expense control and revenue collection; oversees procurement policies and seeks to leverage through volume rebates, group purchasing, creating preferred suppliers of record and ensuring compliance to agree upon sourcing guidelines.
Leads the annual budgeting process and works closely with the People Services Leader to align budgeting process with annual business planning process.
Ensures internal and external financial reporting is conducted in a timely manner and meets appropriate financial reporting standards (IFRS) and compliance with any accounting legislation; provides financial planning, reporting and analysis to improve organizational performance.
Ensures the annual external audit is completed and reported on a timely basis to the Chair of the Audit and Finance Committee of the Board; ensures a strong monitoring system for accounting practices is in place to satisfy the regulator for the requirement of transparency.
Manages the accounting operations functions including accounts payable and receivable, cash management, coordinates with regions to ensure their operations are effective; reconciles and accounts for all funds received and disbursed at the corporate level; completes all corporate banking transactions; has responsibility for ensuring the integrity and appropriateness of the organization’s accounting systems and processes, ensuring appropriate oversight designed to minimize risk.
Experience &/or Education Requirements
10-15 years prior experience in a Finance/Accounting division, acting in a role at a senior level
Extensive experience in budget development and management, business accounting theory and practice, treasury, taxation, forecasting, and financial controls
Experience utilizing data analytics to improve financial reporting and decision making
Experience leading a multidisciplinary team
Demonstrated experience successfully leading and implementing up-to-date financial systems and reporting practices
Demonstrated ability to apply sound judgment regarding financial decision-making and identifying opportunities for the maximum benefit of the organization
CPA Accounting Designation is required (CA, CMA, or CGA)
A Bachelor’s Degree or college diploma in business administration, accounting, economics, or a related field
Skills & Competency Requirements
Builds Trusting Relationships
Engages stakeholder relationships and strengthens business networks across the broader financial community.
Seeks to deepen relationships founded on respect, diplomacy and genuine sincerity.
Maintains and role models personal credibility; instills confidence and trust in others.
Demonstrates commitment to organizational and stakeholder requirements above individual goals and preferences.
Is transparent and consistent in all words and actions.
Influences to gain commitment across organizational boundaries.
Enables cross-functional collaboration and removes potential barriers and ‘silos’.
Openly addresses issues and differences in a direct and transparent manner.
Applies Strategic Agility
Anticipates the potential business impact of emerging industry and market trends in all areas of the business.
Proactively anticipates and works to mitigate potential risks and threats to the business.
Refines strategies, priorities and business plans in response to emerging issues.
Understands and interprets the ‘big picture’ and places opportunities, issues and initiatives in the context of the external environment.
Sets and articulates the strategic priorities and expectations of the organization in a clear and compelling manner.
Confidently presents well-informed opinions, suggestions and ideas.
Conceives logical conclusions from limited information.
Thinks critically about issues, distinguishing between relevant and irrelevant information when making decision.
Inspires People & Teams
Creates support behind the vision of the organization, actively contributing to establishing the spirit and essence of the organization.
Role models and champions organizational values.
Consistently recognized for building and leading high performing teams.
Fosters a culture of rigorous people development.
Takes an active role as a coach, mentor and developer of talent.
Builds leadership through empowering others and delegating appropriate levels of authority and decision-making responsibility.
Actively listens and probes to understand nuances in communication and messages.
Delivers timely and actionable feedback.
Solicits and respects feedback from others.
Recognizes and celebrates team and individual successes.
Enables Innovative Change
Advocates for necessary change.

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    250000 CA$ / Monthly

    Employer's info

    Registered on October 7, 2017


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    Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty and risk. Finance can also be defined as the science of money management. Finance aims to price assets based on their risk level and their expected rate of return. Finance can be broken into three different sub-categories: public finance, corporate finance and personal finance.

    Alberta (; French: [albɛʁta]) is a province of Canada. With an estimated population of 4,067,175 people as of the 2016 census, it is Canada's fourth most populous province and the most populous of Canada's three prairie provinces. Its area is about 660,000 square kilometres (250,000 sq mi). Alberta and Saskatchewan were formerly districts of the Northwest Territories until they were established as provinces on September 1, 1905.Alberta is bordered by the provinces of British Columbia to the west, Saskatchewan to the east, the Northwest Territories to the north, and the U.S. state of Montana to the south. Alberta is one of three Canadian provinces and territories to border only a single U.S. state. It is also one of only two landlocked provinces in the country. The province has a predominantly humid continental climate, with stark contrasts over a year; but seasonal temperature average swings are smaller than in areas further east, due to winters being warmed by occasional chinook winds bringing sudden warming.Alberta's capital, Edmonton, is near the geographic centre of the province and is the primary supply and service hub for Canada's crude oil, the Athabasca oil sands and other northern resource industries.About 290 km (180 mi) south of the capital is Calgary, the largest city in Alberta. Calgary and Edmonton centre Alberta's two census metropolitan areas, both of which have populations exceeding one million, while the province has 16 census agglomerations.Tourist destinations in the province include: Banff, Canmore, Drumheller, Jasper, Sylvan Lake and Lake Louise. Alberta is home to six UNESCO World Heritage Sites: the Canadian Rocky Mountain Parks, Dinosaur Provincial Park, the Head-Smashed-In Buffalo Jump, Waterton–Glacier International Peace Park, Wood Buffalo National Park, and Writing-on-Stone / Áísínai'pi.

    Source: https://en.wikipedia.org/