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Current Opportunities

Chief Financial Officer & Vice President of Corporate Services – Saskatchewan Workers Compensation Board

THE ORGANIZATION

The Saskatchewan Workers’ Compensation Board (SWCB) has a legislated mandate to deliver workplace insurance to Saskatchewan employers and benefits to Saskatchewan workers if they are hurt at work.    The SWCB is governed by a three-person, full-time Board of Directors (BoD).  The Chief Executive Officer reports to the BoD and is supported by an executive team of five.

Anchored by the Meredith Principles, the vision of the SWCB is to eliminate injuries and restore abilities.   Their mission is to be a customer-centric organization that continuously seeks to add value for their customers through a culture of Continuous Process Improvement.   SWCB values guide their actions and decisions: 

  • Safety – we relentlessly pursue Mission: Zero ensuring all employees have the healthy and safe workplace they deserve
  • Respect for People – we recognize the value and worth of each individual and their contribution to our success and we treat everyone in an open, honest and dignified way
  • Excellence – we strive for perfection and seek improvement and innovation every day in how we carry out our work in service of our customers
  • Collaboration – we work hand-in-hand with our partners and with our customers to deliver on their expectations and meet their needs
  • Customer Focused – we create an exceptional experience for all our customers and we bring their perspective to the forefront of our conversations and improvement efforts

The SWCB has distinguished itself as a high performing organization relative to its peers across Canada.   The organization is recognized as a Top 100 Employer with approximately 450 team members located in Regina (370) and Saskatoon (80) who provide a wide range of programs and services to employers and injured workers.   According to the 2018 annual report, the SWCB continues to achieve strong financial performance and remains fully funded, with sufficient assets to cover the future costs of all claims in the system.  However, significant room for improvement remain!

The SWCB has built a foundation for this financial performance by taking a strategic, risk-aware approach to its development, setting targets and measuring success through its balanced scorecard.  Committed to being a customer-centric organization and providing excellent service to workers and employers, SWCB has evolved their Corporate Beliefs (i.e., people, Mission: Zero, financial, timeliness and quality), as an underpinning to building stronger alignment with respect to their Continuous Process Improvement journey.    SWCB leadership strives to create a culture and work environment that provides purpose and meaning for their people, enabling staff to attain their collective vision, engaging them in identifying opportunities to improve their processes and ultimately empowering them to make meaningful changes in service of their customers.

Recently, the incumbent Chief Financial Officer announced her retirement. Consequently, SWCB is seeking a new Chief Financial Officer to help lead the organization forward in this important portfolio.  The Chief Executive Officer is seeking a proven, accountable leader who is clearly an expert in the scope of this role; who thrives in a culture of continuous improvement; is an effective steward of their organization’s people and resources; and leads their team, with passion, toward a sustainable future.

If you are a leader who is equally as passionate as the SWCB team about making a difference for workers and employers in Saskatchewan, while desiring to take your own career to a whole new level of challenge, satisfaction and achievement, we want to hear from you!

You can learn more about the Saskatchewan Workers’ Compensation Board by visiting www.wcbsask.com .

THE OPPORTUNITY

Job Title:Chief Financial Officer & Vice President of Corporate Services
Reports to:Chief Executive Officer
Direct Reports:Director of Strategic Finance & Corporate Services; Corporate Solicitor; Director of Internal Audit
Indirect Reports:Controller; Legal; Internal Audit; Actuary, Facilities, Loss Prevention, Corporate Services
Location:Regina

 

THE MANDATE

Reporting to the CEO, the Chief Financial Officer & Vice President of Corporate Services (CFO) is the most senior professional finance role in the organization.  The CFO collaborates with their 4 peers on the executive team to provide overall executive leadership to the organization including but not necessarily limited to development of corporate strategy, championing a culture of continuous process improvement, and framing appropriate business policies, processes and programs.  As a big picture and systemic thinker, the CFO will be accountable to provide leadership and oversight to:  finance & accounting, legal services, internal audit, and corporate services.

Key Accountabilities

Executive Leadership –

  • As a member of the Executive Management Team, contributes to the achievement of WCB’s vision/mission and goals through active participation and collaboration in strategic and operational planning and deployment; and, through the alignment and enablement of his/her directly reporting departments.
  • Provide vision and leadership within and external to WCB towards the aim of SWCB being fully funded and financially sustainable.
  • Ensure SWCB is anticipating and mitigating enterprise risk in a systematic manner.  Contribute to the task of enhancing and protecting the image of SWCB with all its publics.
  • Provide financial and business analysis to support strategic decision-making.
  • Demonstrate, and coach in others, the behaviors, values and processes that best support SWCB’s desired culture.
  • Develops and implements strategic and operating business plans and budgets for functional areas of responsibility that are aligned with and support corporate plans.
  • Provides recommendations to strategically enhance business opportunities with respect to financial health and sustainability.
  • Oversees corporate budgeting process.
  • Responsibility for actuarial analysis, liability forecasting and effectiveness of the rate model.
  • Engages with WCBs in other jurisdictions to share information and continuously improve upon processes.
  • Oversees the development and maintenance of business continuity and emergency planning processes.

Provide oversight and strong financial stewardship – Specific to this scope the Chief Financial Officer provides executive leadership to:

  • The financial well-being of SWCB, safeguarding the organization’s financial assets by developing and implementing policies, processes and controls relating to:  cash management, asset protection, budgeting, accounting and financial reporting and treasury services.
  • Responsible for the actuarial valuation process and related application.
  • Interface with the Board Audit Committee, Audit Firm of record, and Office of the Provincial Auditor to ensure that all financial reporting is completed in a timely fashion and to a high standard.
  • Support the Investment Committee of the Board and SWCB Retirement Committee and related consultants.
  • Responsible for the effective administrative functions of Internal Audit including our enterprise risk management system and loss prevention processes.
  • Ensure that your teams focus on continuous improvement of all processes and internal controls.
  • Effectively communicate the financial reality and financial plans of the SWCB to internal and external stakeholders.
  • Continuously seek innovative approaches to financial management that can be adapted to enhance SWCB financial performance and results.

Provide leadership & financial insight that enables SWCB performance:

  • Support the CEO and peer executives in pursuit of opportunity and / or resolution of complex strategic and operational challenges that emerge.
  • Provide leadership and insight to ensure the SWCB corporate and capital structures evolve to support the growth and strategic intent of the organization.
  • Ensure strategic and operational decisions are supported by a strong foundation of fact-based business and financial analytics.
  • Executive leadership to priority customer and business improvement initiatives. Modernize and Rationalize Systems to support financial value streams.
  • Oversee the building of an in-house actuarial function.
  • Improve forecasting capabilities providing insights into predictive analytics.
  • Mature enterprise risk processes and reporting.

Team leadership – Executive leader accountable for Financial Reporting and Legal Services including Privacy, Internal Audit, Actuary services, Facilities including emergency planning and Corporate Services including medical payments, purchasing and information handling.

  • Ensure alignment to the overall corporate plan while ensuring maximum individual and team performance through the acquiring, organizing, developing and motivating of staff; promotes leadership and management excellence.
  • Ensure the capabilities and capacity of the team are sufficient to meet the demands of the function from the business
  • Models, coaches and promotes a culture of continuous process improvement.
  • Mentor direct reports, aligning their strengths to key deliverables of the function, support their development and ready a future successor to the CFO role.

Opportunities and Challenges

  • Being part of a dynamic executive team.
  • Develop and nurture strategic, aligned partnerships to achieve specific outcomes.
  • Continuously learn and challenge teams to consider best practice across all areas of responsibility including.
  • Continue to evolve and improve our Enterprise Risk Management process.
  • Implementation of IFRS 17
  • Rate Code reclassification review

Attractions

  • Passionate about health and safety and Mission: Zero mandate.
  • Ensuring financial stability and sustainability and drive related policy.
  • Opportunities for personal growth and development of self and others.
  • Analysis and support for financial projections, corporate decision making and strategic planning.
  • Organization focused on continuous improvements to better serve our customers.

 

FIRST YEAR DELIVERABLES / MEASURES OF SUCCESS

Success in the first year will be determined by the candidate’s ability to:

  • Build effective, collaborative relationships with CEO and executive peers, senior management teams and key customers.
  • Advance key strategic and operation improvements.
  • Positively contribute to the organization; is respectful of colleagues and has the respect of his / her downline and external stakeholders.
  • Team feeling their profession development is being supported, that they are growing.
  • Implementation of the Daily Management System within your areas of responsibility.

 

CANDIDATE PROFILE

The successful candidate will have the following:

Education

  • Will hold a professional accounting designation in good standing.

Experience

  • Will have a minimum of 5 years of senior leadership experience.
  • Will have experience with continuous improvement (lean) methodologies.
  • Will have a minimum 5 years of financial auditing experience.

Competencies and Attributes

  • Technical: ability to meet corporate and divisional financial performance objectives; ability to meet corporate and divisional operating performance objectives; succession planning; vision; stakeholder relations, human resources, health and safety; leadership
  • Behavioral: courageous and innovative leader; strategic and achievement orientations; cooperation & organizational teamwork; interpersonal relations; ability to influence and understand impact; organizational awareness; managing business relations; team leadership; problem-solving / decision-making;

 

THE COMPENSATION

An excellent compensation package awaits the successful candidate.


How to Apply:

Please send your resume in Word or PDF format to: mfernandes@optimumtalent.com. Copy and Paste the following job title and code and place it in the subject line of your email so we can identify the job and confirm receipt of your application:
AUEL-566406 Chief Financial Officer & Vice President of Corporate Services – Saskatchewan Workers Compensation Board - SK - Regina (OTIAPPLY)

Please note that only those candidates meeting the selection criteria, established by our client, will be contacted further. Although we may not contact you directly for this particular role, all applications will be reviewed as we would like to consider you for future opportunities that may be appropriate. We encourage you to continue to visit our website at optimumtalent.com as our opportunities are updated on a regular basis.