VP Finance

LOCATION: 199 Bay Street, Suite 4100, Toronto, Ontario, M5L 1L5


Position Overview:

Navacord Inc. is seeking a VP Finance lead to join our Canadian-owned brokerage, which consists of several insurance broker partners spanning across Canada. As a VP Finance, you will lead a team of four at the Navacord head office. You are responsible for the financial reporting, consolidation, planning, M&A due diligence, finance project, and other corporate finance activities of our Navacord Partnership. You will report to our SVP Finance and will also be supporting Finance on key strategic priorities.

  • Closing of financial reporting cycle, in particular a key lead in the quarterly consolidation process of the Balance Sheet, Income Statement, and Cash Flow Statement
  • Technical Accounting—acquisition accounting and integration of Financial Reporting into Navacord; includes preparation of memorandums for complex accounting transactions
  • Responsible for adherence to accounting standards, internal financial controls and government regulations
  • Liaise with the external auditors on the financial statement audit, coordinating with broker partners as required, presenting to audit committee as required
  • Ensure tax compliance by working with external tax team and coordinating with internal broker partners
  • Ensure quarterly debt and covenant compliance with lenders; assist and support the SVP Finance and CFO in quarterly earnings presentations to the lenders
  • Support monthly, quarterly, and annual financial process, reporting, and requirements, coordinating with all Navacord partners as required
  • Lead the integration of newly acquired business partners. Work with businesses on other external systems to understand their chart of accounts and bring their financial activity together with the rest of Navacord’s financial process
  • Support in the management of Navacord cash flow
  • Key contact in support of East region broker partners in month end reporting and annual budgeting process
  • Lead of the total Navacord consolidated budget and reporting to Executives and Board
  • Enhance the finance team’s ability to deliver value-added insights via proficient data analysis
  • Quarterly reporting to the Board
  • Support Finance in ad hoc analysis and other strategic priorities
  • Finance lead for M&A financial due diligence
  • Lead team of four and manage direct reports
  • University degree (likely accounting or finance) or equivalent work experience.
  • CPA designation required
  • Minimum of 3 years finance and technical accounting background
  • Ability to multi-task and work in fast paced environments
  • Advanced user of Microsoft Excel, proficient with Microsoft PowerPoint
  • Insurance experience and Applied Epic experience is a plus
  • Solid interpersonal, verbal and written communication skills
  • Ambitious and hardworking

Navacord is actively committed to supporting diversity, equity, and inclusion. We serve and recognize and respect human differences and similarities. We value the diversity of people and actively encourage women, indigenous peoples, members of visible minorities, people with disabilities, and lesbian, gay, bisexual, transgender, and queer (LGBTQ2+) persons to apply.

Building The Great Canadian Brokerage

Navacord is a leading insurance and risk management brokerage created to keep the Canadian entrepreneurial spirit alive. Led by a passionate and engaged partnership group, Navacord Broker Partners are committed to the success of their clients by delivering expert advice in an increasingly complex world which allows them to face the future with confidence.

4th Largest Commercial Brokerage in Canada

2,000+ Employees

50,000+ Commercial Clients

~$500mm Revenue

60% Commercial Lines

25% Personal Lines

15% Benefits & Retirement

~$3 billion Annual Premium

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