Director of Finance POST NUMBER: 484349

About Our Client
Our client is seeking a Director of Finance for a 3- to 6-month contract.

About the Opportunity
Payroll Processing for Sales Team:

• Process bi-weekly/monthly payroll for sales personnel, including base salary, commissions, bonuses, and adjustments.
• Ensure timely and accurate commission calculations, reflecting individual and team performance metrics.
• Collaborate with the sales team and HR to track and manage commission plans, adjustments, and disputes.
• Maintain compliance with tax regulations, benefit deductions, and other payroll-related issues specific to salespeople.
• Prepare and review payroll reports to ensure all pay and deductions are accurate, reconciled, and compliant with legal requirements.

Revenue Recognition:

• Lead the revenue recognition process in accordance with [GAAP/IFRS] and industry best practices.
• Oversee monthly and quarterly revenue close processes, ensuring accurate reporting of sales, commissions, and related costs.
• Ensure alignment between revenue recognition, commission structures, and overall financial reporting.
• Manage the timing and recognition of revenue in complex contractual arrangements and recurring sales models.
• Perform detailed reviews of contracts and sales agreements to ensure proper accounting treatment for revenue recognition.
• Coordinate with sales and accounting teams to ensure accurate forecasting and financial reporting.

General Financial Oversight:

• Prepare monthly, quarterly, and annual financial statements and reports, highlighting key metrics and trends.
• Reconcile revenue and commission-related balances to ensure proper financial tracking.
• Assist in developing financial policies, procedures, and internal controls to streamline financial operations.
• Work closely with senior leadership to support business decisions and optimize financial performance.
• Assist in preparing for audits, including providing necessary documentation for revenue and payroll audits.
• Ensure compliance with applicable laws and regulations regarding payroll and revenue recognition.

Process Improvement:

• Continuously assess and improve payroll and revenue recognition processes to increase efficiency, accuracy, and compliance.
• Identify and implement automation opportunities to streamline payroll processing and financial reporting.
• Collaborate with IT and software vendors to maintain and optimize payroll and accounting systems.

About You

• Education: Bachelor’s degree in Accounting, Finance, or related field. CPA or other relevant certifications preferred.
• 5 years of experience in accounting or finance, with a focus on payroll and revenue recognition.
• Prior experience in managing payroll for a sales team, including commissions and bonus structures.
• Strong understanding of revenue recognition principles (ASC 606 or equivalent).
• Experience with financial software (e.g., QuickBooks, NetSuite, or similar).
• Solid understanding of accounting principles and regulatory requirements
• Exceptional attention to detail with a high level of accuracy.
• Strong problem-solving abilities and analytical skills.
• Ability to communicate complex financial information clearly to both financial and non-financial stakeholders.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Advanced proficiency in Excel (pivot tables, v-lookups, etc.).

How to Apply
Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats. When referencing this job, quote #467697.

This position for employment is for a current vacancy with Vaco/Highspring’s client. You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.

Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company’s 401(k) retirement plan. Additional disclaimer: Unless otherwise noted in the job description, the position Vaco/Highspring is filing for is occupied. Please note, however, that Vaco/Highspring is regularly asked to provide talent to other organizations. By submitting to this position, you are agreeing to be included in our talent pool for future hiring for similarly qualified positions. Submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. Further assessment of candidates beyond this initial phase within Vaco/Highspring will be otherwise assessed by recruiters and hiring managers. Vaco/Highspring does not have knowledge of the tools used by its clients in making final hiring decisions and cannot opine on their use of AI products.