Food Processing – Chief Financial Officer (CFO)


About the Company

Privately owned and operated, our client is a well established and profitable processor of premium quality food. A leading supplier to many of North America’s leading brands and retailers our client is a contract manufacturer of private label products and provides in-house capabilities from product formulation, nutritional evaluation, sensory testing, packaging and logistics.

Located in Ontario a short drive beyond the borders of Toronto, our client boasts advanced and cost effective processing facilities and now seeks to augment its senior leadership team by bringing on a proven Chief Financial Officer.

Scope of Position

The CFO shall provide financial guidance and counsel on all matters relating to the finance function including strategic business planning, budgeting and forecasting, business analysis, and corporate growth strategies.

Reporting to the CEO and partnering with all members of the leadership team, the CFO shall be focused on ensuring that the company’s financial systems, controls and processes are properly implemented to ensure the company’s goals, objectives and strategies are pursued and executed with discipline and operational efficiencies achieving best in class status.

This opportunity will appeal to individuals that want to make a real impact in a highly entrepreneurial and successful business as it looks to the future.

Functional Tasks

  • Provide hands-on leadership, guidance, mentorship and performance management to the finance and broader team. Oversee and manage the accounting, tax, insurance, budget, credit and treasury and capital structure functions ensuring that the interests of all stakeholders are served.
  • Review, refine and implement as appropriate all internal financial systems, controls and processes to ensure the timely and accurate capture, dissemination, analysis and reporting of all data for timely business decisions.
  • Oversee all financial budgeting, forecasting and planning in a timely manner so that the strategic aims and objectives of the organization are achieved.
  • Ensure proper financial metrics and decision KPIs are established for proper ROI decision making as related to key investments and capital allocation.
  • Oversee the management and coordination of all fiscal reporting activities for the organization including organizational revenue/expense and balance sheet reports.
  • Act as a key strategic and operational contributor to the overall growth of the business.
  • Manage relationship with audit firm for annual audit/income tax activities and all related matters.
  • Serve as a champion for enterprise excellence and the maximizing of value creation through operational excellence.
  • Ensure that the finance organization is structured and sized so as to be optimally aligned to the needs of the business.
  • Oversee all purchasing and payroll activity for staff and participants.
  • Manage financial relationships/contracts with suppliers, customers, bankers and partners along with the CEO and other team members.
  • Effectively manage the company’s cash and securities positions and drive supplementary initiatives deemed necessary by the company.
  • Remain informed about the business, put measurements and reporting dashboards into place enabling real time assessment of performance and ‘what’s over the horizon’.
  • Ensure that IT is not only aligned to the needs of the business but enables its growth.
  • Ensure adequate cash flow to meet the organization’s needs.

Key Performance Deliverables

In light of the identified responsibilities, the following are specific deliverables that the position is designed to achieve. • Specific performance measures will be discussed and agreed upon with the successful candidate.

Competency Profile

The following competencies listed below define the role of Chief Financial Officer (CFO)

Strategic Approach

Develops a strategic plan to realize the vision. Revises strategy in light of changing circumstances. Takes a long-term view of organizational success. Works to clarify long term organizational goals. Able to stand back from immediate problems in order to focus on more far reaching ideas.

Role Expertise

Demonstrates critical technical or professional knowledge/skills related to the role. Has thorough knowledge of relevant services and methods. Expands technical knowledge/skills and keeps up-to-date in own area of expertise.

Commercial Acumen

Applies appropriate commercial and financial principles. Understands situations in terms of costs, profits, added-value and return on investment. Appreciates the commercial impact of own work on the organization’s total expenses and revenues.

Results Orientation

Focuses strongly on achieving agreed upon outcomes and ensures that key objectives are met. Conveys a sense of urgency and drives issues to closure. Aims to improve upon past performance. Establishes aggressive personal targets and strives to achieve them.

Integrity & Sincerity

Inspires trust and supports others through own authenticity and following up on commitments. Maintains high ethical standards both personally and professionally. Shows consistency among principles.

Information Seeking

Consults widely for business or technical advice, probes for facts and obtains information from a wide variety of sources. Differentiates the critical from the irrelevant or trivial.

Team Skills

Helps to create a sense of team spirit and harmonious relations through cooperation and support. Balances personal goals with those of the team. Fosters collaboration among team members.

Preferred Experience / Education

  • Bachelor Degree in Finance, Commerce or Administration with CPA or equivalent designation.
  • A minimum of 10-15 years of progressive, hands-on experience in financial management with increasing responsibilities for multi-faceted direction and planning, including in-depth analysis of business data.
  • Experience working in owner operator, highly entrepreneurial environments where trust is paramount and earned daily.
  • An analytical owner operator mindset with an unwavering attention to detail.
  • Demonstrates a keen interest and curiosity in business fundamentals to leverage a detailed understanding of ‘what’s driving the numbers’.
  • Ability to work independently and multi-task under pressure.
  • Exhibits high standards of business and personal ethical conduct.

Remuneration & Benefits

  • Highly competitive compensation package tailored to the successful candidate.

If interested, please contact:

Sal Rocco

Bus: 416-365-9494  Ext. 233

[email protected]

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