Chief Financial Officer
- Employer
- Pink Triangle Press
- Location
- Toronto (City), Ontario
- Salary
- A competitive compensation package including base salary (range between $180,000 to $220,000)
- Posted
- November 26, 2024
- Closes
- January 25, 2025
- Job Sectors
- Media and Entertainment
- Job Type
- Full-time
- CPA status
- CPA Member
POSITION:
Chief Financial Officer
LOCATION:
Toronto, Ontario
POSITION DETAILS:
Full Time, Permanent
REPORTS TO:
Executive Director
WEBSITE:
https://www.pinktrianglepress.com/
“If it weren't for Xtra and The Body Politic (former Pink Triangle magazine) we wouldn't be where we are now: full legal equality, far greater acceptance and awareness of queer people, and a younger generation for whom homophobia is not the default position.” - Matthew Hays, Globe and Mail, 2015
THE ORGANIZATION
Pink Triangle Press (PTP) is Canada's oldest LGBTQ2S+ media organization with a rich history of impactful and innovative projects spanning over 50 years. Our inaugural publication, The Body Politic, was named one of the 20 most influential magazines of all time by Masthead Magazine. PTP is proud of its impact working with diverse communities to bring about change. Building on our long history of promoting freedom and equality, we continue to bring communities together to create a better world for LGBTQ2S+ people.
PTP is a mission-guided organization, and we achieve our mission through our award-winning journalism and our advocacy projects. We operate an online dating service which we use to fund the important work that we do to champion, celebrate, and inspire LGBTQ2S+ people in Canada and abroad.
This past November, we hosted the PTP Pink Awards, a national event and content series featuring LGBT2S+ changemakers.
We were also proud to release the inaugural PTP Pink Paper this year, highlighting the current state of LGBT2S+ representation on screens in the film, television, streaming and videogame industries. The report marked the first-ever comprehensive look at the entertainment industry in both English and French markets in Canada.
Other recent projects include Pink Ticket Travel, a guide that provides insight on the hottest and most-welcoming destinations around the globe, and productions including documentary Small Town Pride and web series Unnatural Disasters.
We inspire bold ideas and Set Love Free. We are proudly amongst the winners of both the GTA’s Top Employers and Canada’s Top Small and Medium Employers awards for 2024.
THE POSITION
Pink Triangle Press (PTP) is seeking a Chief Financial Officer (CFO) who will ensure our long-term financial health and sustainability, as well as compliance with all legal and regulatory requirements. The CFO will help drive PTP to optimize the financial performance of the company. A true partner to the senior management team, the CFO will provide guidance and support to a dynamic and growing business.
RESPONSIBILITIES
Leadership & Strategy
- Provide financial oversight to ensure sustainability, fund growth and leverage opportunities.
- Develop a financial strategy, and ensure metrics, such as relevant annual goals, are tied to that strategy are set and met.
- Drive long-term financial planning, ensure record keeping meets requirements of auditors and government agencies, and conduct financial reporting.
- Develop an annual functional budget within established guidelines. Analyze financial strengths and weaknesses and propose corrective actions.
- Optimize profits and opportunities derived from external businesses in which PTP owns an interest.
- Provide leadership, direction, and management of the finance and administrative team.
- Delegate authority within established internal controls.
- Develop and maintain appropriate and optimal financial and tax strategies.
- Ensure assets are kept secure and accessible, with excess assets optimized.
- Ensure legal, governance and compliance requirements are met for all related processes.
- Recommend and implement appropriate and optimal corporate tax structures.
- Construct and monitor reliable control systems to preserve our assets and report accurate financial results.
- Manage relationships with the organization’s financial service providers - e.g. banking, investments, pension, etc.
- Work with CPO in areas of compensation and benefit plan design.
- Ensure procurement is undertaken in an effective and cost-efficient manner that meets PTP’s policies and standards.
- Provide strategic financial recommendations to the Executive Director and the members of the Senior Leadership Team.
- Speak on behalf of the company within the prescribed area.
Business Development and Revenue Generation
- Develop goals for business growth and ensure they are met.
- In collaboration with the Senior Leadership Team, assess future business opportunities for sustainability and profitability.
- Support research and analysis to maintain an overview of PTP’s competitive environment and markets.
- Find innovative solutions to fund business expansion and new projects, i.e. via strategic investment or partnerships.
- Identify and pursue M&A opportunities that improve our business positioning and further strategic goals; oversee M&A due diligence and negotiations.
- Develop and leverage a quality network of people and organizations to support value creation.
- Participate in the development of strategy, and meet targets tied to that strategy.
- Develop new business financial modeling standards.
- Assure that business cases presented meet financial modeling standards.
- Recommend acquisition and divestment opportunities to the Executive Director.
- Collaborate with senior leadership to optimize budgets and investments, create capacity, and activate key initiatives.
- Collaborate with senior leadership to optimize PTP’s funding opportunities including, but not limited to grants, fundraising, and philanthropy.
Compliance & Risk Management
- Manage risk and ensure PTP’s compliance with all organizational governance, regulatory and legal requirements.
- Understand and mitigate key elements of the organization’s risk profile.
- Assess environmental conditions and conduct appropriate risk assessments.
- Maintain appropriate insurance coverage.
- Oversee the organization’s contracts, agreements, and contracting practices.
- Ensure compliance with legal, regulatory, privacy, vendors and related organizational policies and requirements.
- Balance and manage business risk to leverage technology, data and analytics.
Analysis & Forecasting
- Apply insights, drivers, and data to guide and influence financial and operational decision-making, performance, and strategy.
- Establish policy standards and efficient processes.
- Participate in strategy development and validation, implementation, and evaluation.
- Balance the responsibilities of financial and regulatory stewardship with business imperatives and opportunities.
- Balance short-term concerns and pressures with long-term vision and sustainable organizational success.
- Identify financial insights and trends to senior leadership for opportunities to create capacity or redirect investment.
Team Management
- Create high levels of effectiveness and efficiency by ensuring that the functional team and its processes are aligned, transcend functional boundaries, and are integrated to better support business needs and objectives.
- Drive collaboration across internal and external teams and resources.
- Create an inclusive atmosphere that accommodates the different needs and working styles of each individual to achieve the collective purpose.
- Establish performance accountabilities, expectations, authorities and success factors for team.
- Provide meaningful and timely performance feedback.
- Make hiring, termination, promotion, development, and compensation decisions within an established talent framework.
- Adjudicate competing priorities and/or issues requiring department head resolution.
CANDIDATE QUALIFICATIONS
- Minimum 10 years’ experience in executive financial leadership roles.
- Master’s degree in accounting, business accounting, finance, or experiential equivalent. Professional certification (CPA) preferred.
- Understanding of advanced accounting, regulatory issues, and tax planning.
- Ability to create business cases and use tools to assess business opportunities.
- Able to effectively monitor business performance, establish corrective measures as needed, and prepare reports and analyses at the correct level for stakeholders.
- Analytical skills in organizational liabilities and investments, and in evaluating and managing capital structure and fundraising initiatives.
- Demonstrated ability to research revenue opportunities and economic trends, analyze internal operations, and identify areas for cost reduction and process enhancement.
- Working knowledge of how to raise capital outside traditional lines of credit.
- Possesses financial acumen and business savvy, and engages in best practices.
- Comprehensive knowledge of the regulatory and governance requirements and political environment in which PTP operates.
- Experience in successfully applying metrics and other data to support wise decision-making, drive results, and increase transparency and accountability.
- A strategic thinker and problem-solver who has found innovative solutions to maximize returns, while freeing up capital for new projects and expansions.
- Effective management in team-building, collaboration, transparency, and engagement.
- A track record of leading different types of teams effectively, overcoming hurdles, inspiring confidence, and creating trust.
- A connection to or familiarity with LGBTQ2+ communities and their interests and needs would be an asset.
CANDIDATE ATTRIBUTES
- An enterprise-level strategic thinker.
- Grasps complexity and strategizes broadly.
- Exceptional verbal, written, and communication skills.
- Able to easily translate complex financial data and information in a manner that promotes understanding and effective decision-making.
- A born networker who constantly expands from within and outside the organization, tapping into expertise that helps us increase awareness of PTP, opens up possibilities, expands our influence, and presents opportunities for strategic partners and alliances.
- Demonstrates an agile mindset: is responsive to external forces, adaptive and not afraid of change, delivers faster, and reduces waste to improve effectiveness.
- Identifies and resolves issues quickly, problem-solves and generates solutions.
- Embodies an innovative mindset, nurturing the following traits in themselves and others: risk tolerance, openness to ideas, action-oriented, and emotional stability.
- Ensures that operational change management required for success is executed well. Works collaboratively with senior leaders and all staff, always in the best interests across the entire organization. Builds and leverages an inclusive culture which values diversity of experience and opinion, recognizing that this is foundational to creativity, innovation, and the future success of PTP.
- Ability to communicate with credibility and respect to staff members, other colleagues, and external audiences.
- Unquestionable integrity and character; demonstrably high standards of moral, ethical, and professional behaviour.
- Possesses high emotional intelligence and the ability to apply it appropriately.
- Strives for excellence. Tests, evaluates, and course corrects.
- Fosters an environment of learning and constant improvement. Ensures high standards across all accountabilities.
- Goes above and beyond to ensure accuracy in all that they do.
COMPENSATION
A competitive compensation package including base salary (range between $180,000 to $220,000) and encompassing benefits, featuring a company-matched pension plan, will be provided.
HOW TO APPLY
We invite candidates to apply by email with your cover letter and résume no later than January 15th, 2025. Send to Searchlight Partners: PTP@searchlightpartnersgroup.com
The successful candidate can be based in Toronto, where Xtra’s office is located, or work remotely from elsewhere in Canada. Currently all PTP employees are working mostly remotely with some expectations for in-person meetings. All interviews for this position will be conducted virtually.
Pink Triangle Press works hard to inspire LGBTQ2S+ communities to pursue a future where everyone is free to celebrate who they are. To support this aim we strive to have a respectful and inclusive workplace that attracts, and retains a talented workforce broadly representative of the communities we engage.
We welcome everyone to apply for our roles, and particularly encourage applications from Black and Indigenous people, people of colour, trans and non-binary people and disabled people. We are committed to ensuring accessible services and communications to disabled individuals. Once an applicant has been selected for an interview, requests for accommodation can be made at any stage of the recruitment process. Applicants should make their accommodation needs known when contacted.
We thank applicants for their interest, however, only those advancing in the process will be contacted