Program Finance Manager
Posted:19th March 2024
Collins Recruitment Group has partnered with, a global Canadian owned and operated publicly listed organization in search of a Program Finance Manager.
Position Overview:
- As the Program Finance Manager, you’ll be a navigator of financial success, tackling commercial challenges head-on in this fast past industry. This project-oriented role is tailor-made for a finance or commercial professional with a proven track record and keen interest in commercial finance, business partnering, complex financial and business case analysis.
Position Responsibilities:
- Drive financial strategies aligned with our commercial objectives while collaborating closely with the commercial and operational teams providing financial insights and solutions for ongoing customer oriented initiatives
- Act as a financial partner, offering guidance on pricing, promotions, and resolving customer negotiations
- Evaluate and optimize commercial deals to ensure maximum profitability while addressing open issues
- Prepare comprehensive financial reports for commercial and operational leaders, and executive management – highlighting areas requiring attention
- Provide leadership for the commercial budgeting and forecasting processes, ensuring accuracy and alignment with business goals
- Track performance against budgets and proactively address financial challenges hindering commercial success
- Provide financial visibility on newly awarded business by co-ordinating and assisting in the presentation of monthly financial updates to the Executive Team on the on-going financial status
- Help create and evaluate the business case for capital investment projects with a greater than $300 million budget
- Help facilitate and implement more efficient systems for the collection, storage, and analysis of cost elements related to new projects for Sales, Customer Quoting, and Program Management
- Provide financial assistance in the preparation of customer quote submissions – ensuring a logically defendable position for costing approach with the customer
- Provide ad hoc financial scenario analyses for the quoting function for new business opportunities
Required Qualifications:
- University degree in Business (Finance Concentration)
- Professional designation (CFA, CPA, etc) is an asset but not required
- Strong communication skills (especially to a non-financial audience)
- A minimum of 5 years of hands-on experience in an analytically focused leadership role
- Demonstrated ability to effectively operate, communicate and gain trust in a geographically dispersed environment
- Experience within a decentralized environment (automotive/manufacturing experience is asset)
- Advanced knowledge of PowerPoint and Excel including but not limited to Pivot Tables, VLOOKUP’s, sumifs, and basic macro
Critical Success Factors:
- An independent critical thinker who displays attention to detail (curiosity to dive into the numbers when needed)
- Excellent organizational, interpersonal and time management skills with the ability to multi-task many projects
- Entrepreneurial mind-set with a strong interest in operations (think beyond the numbers)
- Excellent communication and presentation skills – able to convey complex topics in a concise and effective manner
- Proven self-starter, who requires limited supervision and direction, yet achieves tasks and overcomes problems and provides effective direction and analysis
We thank all applicants for their interest. We will however, only contact those whose skills and experience closely match our requirements for the position.
Offers accommodation for applicants with disabilities in its recruitment processes. If you are contacted regarding a job opportunity, please advise our team if you require accommodation.
Interested candidates please contact Stephanie Williams at (416) 945-6601 ext. 231 or forward your resumes to swilliams@collinsrecruit.com.
Vice President - Corporate Banking
Posted:March 18th 2024
Job Overview/Purpose
The main tasks and responsibilities of the Vice President – Wholesale Banking (VP) are to both support front office staff and credit analysts with a view to improve the productivity of the team and, in certain client relationships, perform the role of the client owner.
Additional responsibilities include the origination, structuring and execution of transactions within the client portfolio and for prospecting within the Canadian industry sector.
The VP is responsible for risk monitoring and (if applicable) actively supporting FRR in ongoing restructurings with the portfolio and for maintaining an active dialogue with local & regional risk managers. The VP will coach Associates and Analysts in the performance of their tasks and responsibilities. VPs will also be expected to provide support on special bank projects as needed across a variety of functional areas relating to the administrative and regulatory framework of the branch.
From the Relationship Manager’s perspective, the role allows him/her, amongst others, to:
❖ Develop deep account management skills and experience
❖ Apply his/her knowledge and understanding of the industry dynamics in the F&A sectors in the maximizing client franchise income for Corporate Clients
❖ Gain experience as deal captain in transactions
❖ Proactively participate on sector platforms and in other internal and external networks
❖ Develop coaching and project management skills
❖ Develop client and sector prospecting skills.
The key relationships for VPs are clients, bank colleagues including other product specialists, Global and Regional Sector Heads, Debt Structuring Advisors and FAR Analysts. In addition, the VP will build relationships with their clients’ and prospects’ key decision makers (CEO/CFO/shareholders), (legal) advisors and other banks.
Context of Job:
The primary role is to ensure global excellence in the delivery of the core product; lending and supporting the elevation of strategic dialogues with clients. In addition, the RM is responsible for relationship management and cross sell of all of the Bank’s products to its client base.
The VP operates in a dynamic and demanding environment in which proactivity, flexibility and discipline is required across all areas of delivery of the loan product, from pitching through structuring and execution to follow up and monitoring. As provider of the key lending product the VP interacts with a wide variety of internal stakeholders including the Sector Heads, Industry Team Leads, Credit Analysts and Risk as well as product specialists across the bank.
The VP is responsible for bank commercial objectives which are centered on revenue delivery, prospect development, cost management and loss minimization. The regulatory framework is bound to local regulatory frameworks and bank’s policies and procedures.
Key Responsibilities and Accountabilities:
- Lending product ownership
❖ Origination Opportunity/idea generation:
– Initial analysis
– Opportunity/idea development / pitchbook production
– Pitching / presentation
– Client Service Team representation
❖ Structuring:
– Deep financial analysis and financial modelling
– Scenario analysis
– Deal structuring (pricing, covenant setting, etc.)
– Mandate documents negotiation
– Due diligence coordination
❖ Execution:
– Internal approval generation
– Loan documents negotiation
– Signing / closing / post closing coordination
– Syndication support
– Deal team management
❖ Monitoring:
– Info processing / covenant checks
– Credit reviews and waiver requests
2. Client coverage
❖ Account Management:
– Relationship planning / RDP
– Client Service Team coordination
– Prospecting
– Client networking
– CRM data management
– Pipeline management
❖ Origination
– Opportunity/idea generation
– Opportunity development / pitchbook production
– Pitching / presentation
❖ Execution
– Multi-product deal team coordination
3. Other
❖ Management
– Financial reporting (Check)
– Budgeting
– Operational risk management / In Control
❖ Portfolio Management
– Exercising portfolio control
– Maintaining dialogue with credit risk analysis and KRM
– Active portfolio management / financial resource planning
❖ Human Resource Management
– Learning & development and coaching
– Recruitment
– Performance assessment
– Compensation management
❖ Networking
– Building and maintaining a network within the institution
– Building and maintaining a network among external advisors and other banks
– Building and maintaining a network in the F&A industry
Key Relationships
The key relationships for the RM are bank colleagues, Bank team members and include other product specialists, Global and Regional Sector Heads, Debt Structuring Advisors and FAR Analysts. In addition, the RM will build relationships with their clients’ and prospects’ key decision makers (CEO/CFO/shareholders), (legal) advisors and other banks.
Key Performance Indicators:
▪ Performance against budget
▪ Organization of work: planning, structured & efficient working order, teamwork, level of professional work attitude
▪ Ability to lead Client Service Teams and develop client relationships
▪ Ability to act as deal captain for complex LPG or multi-product transactions
▪ Ability to cross-sell all bank products to WRR clients
▪ Ability to acquire new WRR clients (prospecting)
▪ Networking skills and ability to develop an intimate relationship with your clients
▪ Progression in learning
▪ Debt structuring and presentation skills
▪ Leadership skills: coach other team members including Associates and Analysts in transactions and proactively identify potential ways of improving team performance
▪ Communication skills
▪ Feedback received from key stakeholders
Job Specifications
Core Competencies:
– Market / Customer Focus – Uses market insight to serve the customer in the best way possible
– Strategic Vision – Draws up an effective action plan for the team
– Inspirer – Engages the immediate environment to feel committed and accountable
– Synergize across group – Demonstrates broad professional collaboration to add value
– Challenge/Driver innovation – Spreads innovative ideas and experience
– Output/result driven Output/result driven – Achieves consistent (commercial) results together with others
Job Skills and Knowledge:
▪ Proven track record in wholesale banking
▪ Proven track record in debt and credit structuring
▪ Experience in relationship/account management
▪ Experience in leading transactions
▪ Understanding of dynamics in the Food & Agribusiness sector
▪ Deep and wide product knowledge
▪ Fluent in English and potentially French
We thank all applicants for their interest. We will however, only contact those whose skills and experience closely match our requirements for the position.
Offers accommodation for applicants with disabilities in its recruitment processes. If you are contacted regarding a job opportunity, please advise our team if you require accommodation.
Interested candidates please contact Stephanie Williams at (416) 945-6601 ext. 231 or forward your resumes to swilliams@collinsrecruit.com.
VICE PRESIDENT - CORPORATE CREDIT STRUCTURING, REAL ESTATE
Posted:February 9th 2024
Opportunity to join a Global Financial Institution as a Vice President in Corporate Credit Structuring, where the successful incumbent will work with Coverage Bankers to originate, structure, and negotiate facilities (including syndicated and bilateral loans, bridge financing, acquisition, and structured financing across an investment grade, high yield, and financial sponsor client base as well as trade and supply chain financing solutions) for existing and prospective clients.
A VP is expected to manage and monitor a sector credit portfolio, providing strategic direction in framing client opportunities and structuring transactions with a balanced focus on risk-return parameters, lead initiatives to drive client responsiveness and productivity. Working closely with Coverage and other product and risk management partners around the globe, the team utilizes its expertise to deliver creative ideas and tailor-made solutions to clients.
Principal Duties and Responsibilities:
- Work closely with Banking Americas Client Coverage Bankers and Product Partners to identify customer business opportunities and gather required information to complete a business screening process
- Respond to various customer requests
- Prepare capital allocation / profitability projection package to assess the business case and secure required internal support and approvals
- Prepare credit applications on new transactions and renewals, outlining transaction rationale, structure, credit risk rating and comparative peer analysis, terms and conditions, exposure management plan, business strategy and relationship return analysis, and any other requested or required forms or information needed to complete a proper assessment of the transaction
As part of credit application process, prepare:
- Front Sheets, Collateral and Guarantee Registrations, Facility Rating Simulations
- Coordinate/Manage all compliance requirements (Conflict of Interest, Reputational Risk, KYC, etc.)
- Ensure all related internal policies and procedures are followed, including sector/industry risk limits
- Work seamlessly with Credit Risk counterparts to coordinate completion of credit assessment, assisting with any required due diligence needed to finalize the credit opinion/approvals
- Assist in financing structuring, underwriting transaction evaluation, preparation, due diligence, and documentation execution. Review and/or prepare legal documents in conjunction with in-house or outside counsel
- Prepare, analyze, and review transaction proposals, focusing on structure, terms and conditions and profitability
- Engage with Customer, Lead Bank, Bank Participants, Legal, Compliance and Operations to ensure seamless deal execution for the Client
- Conduct in depth review of all legal documentation, in addition to commitment letters, NDAs, and LOIs, etc. (working with the Legal Department or Outside Counsel, as required)
- Engage Portfolio Management Team to optimize portfolio via risk mitigation measures (CDS, loan sales, CRI), assess appetite/returns and to monitor the portfolio
- Make recommendations on action/plan to Credit Risk (and senior management, when necessary) as it relates to credit issues/restructuring/exposure management
- As part of first line of defense, act as credit steward monitoring client performance trends / market movements in coordination with risk and make recommendations for action plans as it relates to client credit issues/restructuring/exposure management. Monitor market movements and news in coordination with Credit Risk
- Manage credit issues with the clients – including assessment of requests/changes and restructuring balancing need to support client with protection of the Bank’s balance sheet
- Assist with regulatory related requests/meetings/presentations, as needed
- Assist with audit related requests/meetings/presentations, as needed
Qualifications:
- Undergraduate degree in Accounting, Business, Finance or Economics or strong quantitative background
- Formalized Credit Training from an accredited financial institution and a minimum 5-8 years of credit underwriting experience in Corporate & Commercial Banking. Commercial Real Estate credit underwriting experience is preferred
- Proficiency in financial modeling, forecasting, and sensitivity analysis
- Ability to manage multiple projects simultaneously, work under pressure and adhere to tight deadlines
- Possess strong written and oral communication skills and ability to convey ideas efficiently
- Ability to work effectively both independently and in a team environment
- Proficiency with Capital IQ, Bloomberg, Factset, MS Excel, Word, and PowerPoint
Interested candidates please contact Shan Collins at: scollins@collinsrecruit.com
Senior Tax Accountant
Posted:31st January 2024
Our client, a well established Canadian based public accounting firm has provided entrepreneurs and business decision-makers in local, national, and international markets with accounting, assurance, and tax planning advice since 1954.
For 70 years, they have assisted businesses in Northern Ontario from incorporation through explosive growth and into mature, sustainable businesses and have been a trusted partner in many client’s business journeys.
We are looking for a Senior Tax Accountant to join their growing team. The successful candidate will be work closely with the Tax Partner, along with the other Partners and Senior Managers, to provide their expertise on complex tax services.
Responsibilities & Duties:
• Assist the Tax Partner in developing and implementing tax planning services, including researching complex tax issues and preparation of memoranda.
• Perform special tax engagements.
• Execute and complete complex tax returns.
• Review a wide range of corporate tax returns.
• Work effectively with peers and senior managers on time-sensitive file planning.
• Review the accuracy of tax returns, minimize tax liabilities, and determine tax credits and provisions.
• Recommend tax strategies that align with the Firm’s strategic vision and goals.
• Other duties as assigned.
Qualifications, Skills, and Knowledge:
• 5-7+ years of direct experience with complex tax in a public accounting setting
• Must possess a CPA designation.
• Possession of an LPA designation is considered an asset.
• Completion of the In-Depth Tax Course provided by CPA Ontario is considered a strong asset.
• Expert knowledge and abilities in MS Office (Excel, Word, Outlook, Teams), Caseware/Caseview, TaxPrep and other tax research software.
• High proficiency with accounting software (CCM iFirm).
• Superior attention to detail, analytical skills, and ability to problem-solve independently and within a team environment.
• Strong comprehension and execution of written and verbal communication.
Physical Requirements/Environment:
• Prolonged periods of sitting in a stationary position
• Prolonged periods of typing on a keyboard and reading a computer screen
• Ability to work in an office environment.
• Able to work 35 hours a week and during business hours (9:00 am – 5:00 pm, Monday to Friday)
• Open environment with some disruptions
• Able to commute or relocate to Sudbury, ON.
• Seasonal overtime is required.