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Job Description
Director, Financial Planning & Analysis
Director, Financial Planning & Analysis
Location: Either Strathroy, ON or Toronto, ON
Company
WeedMD Inc. is the publicly traded parent company of WeedMD Rx Inc. and Starseed Medicinal Inc., licence holders producing and distributing cannabis products for both the medical and adult-use markets. The Company owns and operates a 158-acre state-of-the-art greenhouse, outdoor and processing facility located in Strathroy, ON as well as a fully licensed 26,000 sq.ft. Aylmer, ON processing facility, specializing in cannabis extraction. With the addition of Starseed, a medical-centric operator, WeedMD has expanded its multi-channeled distribution strategy. Starseed’s industry-first, exclusive partnership with LiUNA, the largest construction union in Canada, along with employers and union groups complements WeedMD’s direct sales to medical patients. The Company maintains strategic relationships in the seniors’ market and supply agreements with Shoppers Drug Mart as well as seven provincial distribution agencies where its adult-use brands Color Cannabis and Saturday are sold.
Summary
Reporting directly to the CFO, and with high visibility to the Executive Team, the Director of Financial Planning & Analysis will lead WeedMD’s Integrated Business Planning – from long-range plans, to annual budget, monthly forecasts, and monthly business reviews. This role will build strong relationship with cross-functional stakeholders and engender a culture of finance business partnering with relentless focus on providing insights and analytics to senior management for decision-making purposes. This includes financial modeling and analysis, business cases, capital allocations, pricing and spend management activities. The Director of Financial Planning & Analysis will also work closely with the Finance Controllership Team to establish best-in-class finance processes, policies, procedures and reporting, while ensuring a cohesive approach to business planning and forecasting.
Job Duties
- Direct all financial planning and analysis activities for the company
- Budgeting, Forecasting and Planning
- Design and implement budgetary and planning processes that meet the needs of a rapidly growing and evolving company
- Oversee all aspects of annual budget and monthly forecast (LE) updates including cash flow forecasting and bank covenants
- Develop and prepare long-range plan model based on Strategic directions established by the company
- Prepare required presentations for board of directors and senior management
- Provide support to the sales area in the preparation of the annual sales forecasts
- Financial and External Reporting
- Gather, analyze and report financial results and insights to leadership
- Research and analyze key business drivers, trends and performance indicators
- Support CFO on preparing presentations and analysis for earnings call, press releases and analyst/investor meetings
- Support Finance Controllership on MD&A
- Business Insight
- Provide counsel to senior management on strategic analyses that focus on maximizing revenue, profitability and cash flow
- Provide visibility to senior management on Risk and Opportunities, and counsel on framework to address them
- Provide analyses of new business opportunities including partnerships, alliances, acquisitions,
- Analyze complex financial information to develop models and provide recommendations to senior management
- Provide finance leadership to department owners as it relates to spend against budget and to identifying cost savings opportunities
- Finance Business Partnering
- Work with Commercial Team and Operations Team in establishing KPIs and performing finance analytics on customer, product and channel portfolio to support profitable growth
- Provide financial modelling and analytics, including insights and recommendation, on innovation launches (i.e., pre and post evaluation/stage gating)
- Facilitate pre and post evaluation of spend to ensure ROI
- Provide guidance to the operations area in fulfilling their responsibilities in costing of product, plus, insight and assessment of manufacturing growth opportunities
- Work closely with Cost Accounting in the analysis of manufacturing costs and variances
- Capital Expenditure
- Work collaboratively with senior management and department owners in the preparation of their departmental and capital asset submissions for budgets and forecasts
- Ensure appropriate project evaluation occurs and that post implementation reviews are conducted on a regular basis
Experience, Education and Designations:
- Bachelor’s degree in Finance and Accounting Designation are a must, MBA an asset
- At least 8+ years in progressive roles in business planning and finance business partnering
Knowledge, Skills and Attributes:
- Ability to manage multiple changing priorities in a fast-paced environment with high tolerance for ambiguity
- Must be highly skilled in MS Excel, PowerPoint, Planning and Forecasting Systems and complex financial modelling (P&L, B/S, Cashflow)
- Must have experience leading a team
- Must have experience presenting to senior level management
- Ability to manage and build relationships across all levels of the organization
Working Conditions:
Office Environment
- Work from home – in compliance with Health regulators
- Office environment – driving distance to both Strathroy and Toronto
- Minimal Travel Requirements (less than 10%)
WeedMD thanks all applicants for their interest; however, only those selected to continue in the recruitment process will be contacted.
Pursuant to the Accessibility for Ontarians with Disabilities Act and the Ontario Human Rights Code, WeedMD will accommodate all applicants with disabilities to the point of undue hardship during the recruitment and hiring process. Accommodation will be provided upon request and in accordance with the principles of dignity, individualization, and inclusion. WeedMD will work cooperatively, and in a spirit of respect, with all partners in the accommodation process.
WeedMD is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, colour, race, citizenship, ethnic origin, place of origin, creed, disability, family status, marital status (including single status), gender identity, gender expression, receipt of public assistance (in housing only), sex (including pregnancy and breastfeeding) or sexual orientation.
Job Types: Full-time, Permanent
Benefits:
- Dental care
- Employee assistance program
- Extended health care
- Wellness program
Schedule:
- Monday to Friday
Education:
- Bachelor's Degree (required)
Experience:
- business planning and finance business partnering: 8 years (preferred)
Licence/Certification:
- Accounting Designation (required)
Work remotely:
- No
COVID-19 precaution(s):
- Remote interview process
- Personal protective equipment provided or required
- Social distancing guidelines in place
- Virtual meetings
- Sanitizing, disinfecting, or cleaning procedures in place