The Director, Program Finance ("PFD"), is the finance business partner to the PMO team, and is responsible for program budgets, forecasts, and revenue recognition for major projects. These projects include shipbuilding under the National Shipbuilding Strategy (NSS), repair contracts and similar projects which require POC accounting and represent a significant contribution to the business. As a partner to the PMO, the PFD will develop Revenue, GM, W/C, Cash Flow forecasts, prepare program finance review materials and advise on achieving program financial goals.
As a key member of the finance team, the PFD will play an important control and governance role in determining and documenting the appropriate accounting treatment for the program per accounting standards and policy, as well as providing analytics and recommendations on program budgets, bids and profitability enhancement initiatives. This role reports to the Chief Financial Officer for Seaspan Shipyards. Duties and Accountabilities
Education and Experience:
- Work with program management and functional disciplines to ensure program plans and execution are compliant with accounting standards and company policy. Ensuring cost and schedule are adhered too and earned value is measured.
- Define paths forward to improve alignment between program execution and financial forecasting.
- Forecast major aspects of working capital such as cash flow, inventory, accounts receivables, unbilled and deferred revenue to monitor and analyze program financial performance.
- Ensure processes and systems are in place to understand Percentage of Completion (POC) revenue recognition, A/P management, supplier accruals, milestone billings vs. delivering on programmatic commitments.
- Provide comprehensive weekly/monthly revenue and project profitability variance analysis against monthly spends, budget and forecasts.
- Assess and quantify cost/schedule/technical status and risk, evaluate program trends, and provide project cost to go estimates.
- Problem solve and conduct investigations to identify root cause and develop improvements to practices or approaches to mitigate financial and schedule risks.
- Conduct briefings with the Senior Leadership Team regarding matters of importance to budget control for programs and to explain and influence changes.
- Establish, develop and maintain effective business relationships. Serve as point of contact on financial matters and audits with both internal and external customers.
- Collaborate with Cost Control/Accounting to track the financial progress of programs while partnering with Operations to successfully deliver projects on budget.
- Drive monthly and quarterly program financial reviews.
- Other duties as assigned.
Skills, Knowledge and Required Competencies:
- University degree in Business, Accounting or Finance required, plus a recognized accounting designation, namely CA, CFA, CGA or CMA.
- 15 years of experience in accounting roles with emphasis on project accounting, cost control, or auditing of projects.
- 5 plus years of Program Finance management experience.
- Prior work experience in an industrial environment where effective cost control, project management, inventory management, financial and project accounting, and timely work in progress reporting are all critical to the success of the organization.
- Demonstrate an exceptional grasp of IFRS and/or ASPE.
- Strong leadership, people management, communication, and interpersonal skills, combined with strong business acumen.
- Demonstrated abilities to work closely with an operations management team, coaching them in the effective use of financial information as a management tool in the development and execution of their business plans.
- A critical thinker with the ability to analyze projects, forecasts, and contracts to evaluate financial risk.
- A lateral thinker who can relate to broader business issues. Takes an active interest in the business. Willing to spend time within each program to gain first-hand insight into the business.
- A team builder who develops an environment where staff members, colleagues, and business partners are empowered, encouraged, and rewarded for their contributions and performance.
- Excellent presentation skills. Has the skills and ability to analyze and interpret financial and statistical data for the management team in a clear and concise manner.
- A positive, goal-oriented individual with a sense of urgency. Sets high standards and can manage both detail as well as big picture issues.
Seaspan is committed to Employment Equity, supports diversity in the workplace, and encourages applications from all qualified individuals including, women, members of visible minorities, aboriginal persons, and persons with disabilities. Note: Unsolicited applications from recruitment agencies will not be accepted
Management and Executive