Financial Controller

at  Sandvik

Financial Controller
Location: Saskatoon, SK
Company: North America, Ground Support Division, Sandvik Mining & Rock Solutions
Reports To: Chief Financial Officer (CFO)
Come and join our team! Ground Support Division, Sandvik Mining & Rock Solutions is a leading global supplier of ground support solutions, for the mining and construction industry. Our offering covers rock bolts, resin, cable bolts, and in- house manufacturing capabilities. Sandvik is a global, high-tech engineering group with approximately 44,000 employees and sales in about 150 countries with a focus on enhancing customer productivity, profitability and sustainability offering solutions for manufacturing, mining, and infrastructure industries.
Job Summary:
The Financial Controller will oversee the financial operations of North America, Ground Support Division, Sandvik Mining & Rock Solutions, ensuring the integrity of financial reporting, compliance with regulations, and effective management of financial resources. This role will play a critical part in strategic planning and decision-making, providing insights to drive business performance in our manufacturing environment.
The Financial Controller will oversee the financial operations of Ground Support Division, Sandvik Mining & Rock Solutions ensuring the integrity of financial reporting, compliance with regulations, and effective management of financial resources. This role will also encompass tax compliance and treasury management, playing a crucial part in the strategic financial planning and decision-making process.

Key Responsibilities:

• Financial Reporting:
• Prepare and present accurate financial statements in accordance with Canadian GAAP and IFRS.
• Ensure timely monthly, quarterly, and annual financial reporting to management and stakeholders.
• Budgeting and Forecasting:
• Lead the annual budgeting process and develop financial forecasts.
• Provide variance analysis and insights to support strategic decision-making.
• Cost Management:
• Maintain Standard Cost model.
• Analyze manufacturing costs and identify opportunities for cost reduction and efficiency improvements.
• Implement cost control measures to enhance profitability.
• Tax Planning and Compliance:
• Oversee all tax-related matters, including corporate tax returns, GST/HST, and other compliance obligations.
• Monitor changes in tax legislation and implement strategies to optimize the company’s tax position.
• Liaise with external tax advisors and auditors to ensure compliance and effective tax planning.
• Treasury Management:
• Manage the company’s cash flow, ensuring liquidity to meet operational needs.
• Develop and implement treasury policies, including cash management, financing, and investment strategies.
• Monitor bank relationships and negotiate favorable terms for financing and cash management services.
• Internal Controls:
• Establish and maintain robust internal controls to ensure the accuracy of financial data and compliance with regulations.
• Conduct regular audits of financial processes and implement necessary improvements.
• Compliance and Risk Management:
• Ensure compliance with regulatory requirements, corporate governance, and financial reporting standards.
• Identify financial risks and develop strategies to mitigate them.
• Team Leadership:
• Lead and mentor the finance team, promoting a culture of continuous improvement and professional development.
• Foster collaboration across departments to align financial goals with operational objectives.
• Financial Analysis:
• Provide in-depth financial analysis to support business initiatives, including pricing strategies, product profitability, and capital investments.

Qualifications:

• Education: Bachelor’s degree in Finance, Accounting, or a related field; CPA designation is preferred.
• Experience: Minimum of 5 years of experience in a financial management role, preferably within a manufacturing environment.
• Technical Skills: Proficiency in financial software (e.g., ERP systems) and Microsoft Excel; strong understanding of treasury and tax compliance software.
• Knowledge: In-depth knowledge of Canadian GAAP, IFRS, tax regulations, and treasury management practices.
• Analytical Skills: Excellent analytical and problem-solving skills with the ability to interpret complex financial data.
• Communication: Strong communication and interpersonal skills, capable of presenting financial information to both financial and non-financial stakeholders.
• Leadership: Proven leadership and team management abilities, with a focus on mentoring and development.

Benefits:

• Competitive salary and performance-based bonuses.
• Comprehensive health and dental benefits.
• Retirement savings plan with company matching.
• Opportunities for professional development and growth.
• Positive work environment with a focus on collaboration and innovation.

• Financial Reporting:
• Prepare and present accurate financial statements in accordance with Canadian GAAP and IFRS.
• Ensure timely monthly, quarterly, and annual financial reporting to management and stakeholders.
• Budgeting and Forecasting:
• Lead the annual budgeting process and develop financial forecasts.
• Provide variance analysis and insights to support strategic decision-making.
• Cost Management:
• Maintain Standard Cost model.
• Analyze manufacturing costs and identify opportunities for cost reduction and efficiency improvements.
• Implement cost control measures to enhance profitability.
• Tax Planning and Compliance:
• Oversee all tax-related matters, including corporate tax returns, GST/HST, and other compliance obligations.
• Monitor changes in tax legislation and implement strategies to optimize the company’s tax position.
• Liaise with external tax advisors and auditors to ensure compliance and effective tax planning.
• Treasury Management:
• Manage the company’s cash flow, ensuring liquidity to meet operational needs.
• Develop and implement treasury policies, including cash management, financing, and investment strategies.
• Monitor bank relationships and negotiate favorable terms for financing and cash management services.
• Internal Controls:
• Establish and maintain robust internal controls to ensure the accuracy of financial data and compliance with regulations.
• Conduct regular audits of financial processes and implement necessary improvements.
• Compliance and Risk Management:
• Ensure compliance with regulatory requirements, corporate governance, and financial reporting standards.
• Identify financial risks and develop strategies to mitigate them.
• Team Leadership:
• Lead and mentor the finance team, promoting a culture of continuous improvement and professional development.
• Foster collaboration across departments to align financial goals with operational objectives.
• Financial Analysis:
• Provide in-depth financial analysis to support business initiatives, including pricing strategies, product profitability, and capital investments