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Chief Financial Officer

Posted on: June 6th, 2019 Kelowna, BC wtfast
Job Description


The CFO reports to the CEO of WTFast, and will lead the Accounting & Finance team focusing on all aspects of start-up, fundraising, financial, tax and management information related to the operations of the company.

This hands-on operational role will liaise with auditors, bankers, lenders/investors, customers, as well as the company’s internal Senior Leadership & Management teams.


The CFO works closely with the CEO co-founders to successfully fundraise for future growth, while establishing solid business structures and processes in the Finance, Admin and IT areas for the company.

This role ensures that overall operations are effectively supported and financial objectives are achieved through sound business management practices; strong financial system processes and controls; proactive budgeting / planning / analysis; and effective leadership, staff coaching, succession planning and inter-department problem solving.

The CFO has indirect reports:
 Accounts payable and payroll clerk

General accountabilities:

 Ensure Due Diligence materials ready to go at a moments notice

 Assist with facilitating fund raising, finding targets to pursue, support the CEO etc.

 Drive the company’s financial planning

 Oversee and facilitate risk management by analyzing the company’s liabilities and investments, working with senior executives and ownership

 Decide on investment strategies by considering cash and liquidity risks

 Control and evaluate the company’s fundraising plans and capital structure

 Ensure cash flow is appropriate for the company’s operations

 Supervise all finance personnel (controllers, bookkeepers etc.)

 Manage vendor relationships

 Ensure timely and accurate financial reports and tax filings, include SR&ED claims

 Prepare reliable current and forecasting reports

 Set up and oversee the company’s finance and IT system

 Manage contracts and agreements

 Ensure compliance with the law and company’s policies

 Manage the ESOP and employee bonuses

 Other duties as assigned from time to time by the CEO

Detailed Accountabilities:
 Ensure preparation and review of annual budgets (P&L, Balance Sheet)

 Ensure preparation and review of monthly financial statements are prepared according to ASPE

 Ensure preparation and review (as required) of “EBITDA statements” and KPIs for operational departments

 Ensure preparation and review of annual financial forecast vs budget monthly

 Oversee and manage intercompany billings, payments and other transactions

 Identify financial trends, tax issues, risk issues and performance patterns, complete with appropriate responses or recommendations for correction and improvement

 Ensure annual financial audits are appropriately conducted and concluded

 Ensure preparation and approval of quarterly covenant / statutory declarations for banks, investors

 Liaise with senior executives and stakeholders on cash forecasting, foreign exchange and cash borrowing needs

 Ensure banking and cash controls are maintained (liaise with banks, and lender)

 Ensure corporate insurance policies maintained, updated and rebilled as needed (liaise with insurance brokers, agents and underwriters)

 Review/approve lease and subscription contracts

 Review/approve material Contracts (liaison with CEO or Senior executives) to ensure adequate insurance, indemnifications, pricing/costing, credit terms and risk mitigation)

 Ensure statutory remittances completed and CRA and other regulatory audits properly concluded

 Manage external customer and supplier relations, including credit terms as required

 Coach and support subordinates’ efforts to manage company day-to-day financial operations

 a CPA Professional Designation,

 5-10 years of progressive post designation accounting experience

 Solid understanding of Accounting Systems and Software

 Strong understanding of IT start-up business issues

 Familiarity with technical aspects of IT related businesses

 Familiarity with ASPE and current financial and industry practices

 Excellent leadership, relationship building and team building skills

 Strong communication skills, verbal and written

 Effective strategic planning skills; able to translate into tactical initiatives

 Handles complex analytical problems within a high pressure, high volume environment

 Effective problem solving, modelling and organizational skills

 Demonstrated ability to supervise staff to maximize engagement

 Experience with global online/tech companies an asset

How to Apply
Please forward your cover letter and resume to today.

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