Head of Finance


Company Summary: Cad Railway Industries Ltd was founded in 1968 headquartered in Montreal. We take pride on being North America’s leader of full-service solutions in the freight, passenger and commuter rail industries in Canada, the United States and offshore. Cad Railway has other facilities in Calgary, Lethbridge (under Caltrax banner) and has recently been selected by the ONxpress Transportation Partners association to provide all legacy fleet maintenance services for the Metrolinx rail fleet of approximately 1000 bi-level coaches and 90 locomotives. Cad Railway’s delivery team will operate and maintain Metrolinx’s rail maintenance facilities in Etobicoke and Whitby, as well as in multiple overnight along with mid-day light servicing facilities located across the Metrolinx train service area.

Summary of the role: The Head of Finance is a crucial leadership role and will be responsible for overseeing and managing all financial aspects of our organization. The successful candidate will play a key role in shaping financial strategy, driving financial performance, and ensuring compliance with relevant regulations. This position offers an exciting opportunity for a strategic thinker with strong leadership skills to contribute to the overall success and growth of the company. Core Accountabilities: Financial Planning and Analysis: Develop and implement comprehensive financial plans, budgets, and forecasts.

Conduct financial analysis to identify trends, variances, and opportunities for improvement. Provide strategic insights to support decision-making at both operational and executive levels. Financial Reporting: Prepare accurate and timely financial statements in compliance with relevant accounting standards. Present financial reports to the executive team, highlighting key performance indicators and financial metrics.

Comply with contractual reporting requirements from contracting authorities Ensure transparency and clarity in financial reporting for stakeholders. Cash Management: Manage cash flow effectively to support operational needs and strategic initiatives. Implement strategies to optimize working capital and minimize financial risks. Monitor and analyze banking activities and relationships.

Risk Management: Identify and assess financial risks, proposing and implementing mitigation strategies. Stay abreast of changes in financial regulations and ensure compliance. Collaborate with other departments to assess and manage enterprise-wide risks. Team Leadership: Build, lead, and develop a high-performing finance team.

Provide mentorship, guidance, and professional development opportunities for team members. Foster a collaborative and results-driven work environment. Strategic Financial Management: Collaborate with executive leadership to develop and execute financial strategies aligned with organizational goals. Drive initiatives to improve financial efficiency and effectiveness.

Audit and Compliance: Support HQ annual audit process and ensure compliance with regulatory requirements. Implement and maintain internal controls to safeguard company assets. Liaise with external auditors and regulatory bodies as required. Qualifications: Bachelor’s degree in Finance, Accounting, Business, or related field; MBA or CPA preferred.

Proven experience (10 years) in a senior finance role, demonstrating a track record of financial leadership and strategic decision-making. In-depth knowledge of financial regulations, accounting principles, and best practices. Strong analytical and problem-solving skills. Excellent communication and interpersonal skills.

Ability to collaborate effectively across departments and levels of the organization. Proficiency in financial software and tools. Nice to have: Experience working in an unionized environment Familiarity with other industries such as Aerospace Experience working in the rail industry with a comprehensive knowledge of rail equipment Cad Railway Industries Ltd. provides an equal opportunity as an employer and we are dedicated to continue to preserve a welcoming, safe and inclusive environment for every individual- no matter of age, race, ethnicity, nationality, sexual orientation, gender identity and expression, religion and disability status.



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