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Originally established as a buying group in 1962, Colabor is a leading distributor of food and nonfood products, including private label and other brand name products, to independent distributors, which in turn resell them to food service businesses such as cafeterias, restaurants, hotels, restaurants chains as well as supermarkets and convenience stores. Colabor distributes approximately 50,000 products sourced from 600 suppliers and manufacturers, to over 25,000 points of sale. The company is serviced by a network of small to medium-size wholesale distributors operating in Quebec, Ontario and in the Atlantic Provinces. The company was initially structured as the Colabar Income Fund. In 2009, Colabor Group Inc. was created as a publicly traded company on the TSX. Please refer to TSX: GCL for more details.
The CFO reports directly to the CEO of the organization and has direct oversight for all areas of financial management ranging from internal control and financial reporting to the more external functions of the CFO including banking and treasury, mergers and acquisitions, and all elements of external financing. As well, the CFO will be expected to play a proactive role in dealing with investor relations, banking relations as well as dealing with the Board of Directors on all statutory matters.
The CFO currently oversees a multi functional team of approximately 70 people in Finance, as well as the IT function which is currently comprised of approximately 30 people. In addition to this, the Corporate Secretary and Legal function also currently report to the CFO.
In 2017, a significant financial restructuring was completed, which strengthened the company’s balance sheet and positioned it for future growth. Under the leadership of a new CEO, the CFO and his/her team will develop more rigorous processes in financial control and reporting, aimed at improving profitability and optimizing all facets of operations, as well as ensuring the integrity of all reporting and control processes.
The CFO will also be expected to play a proactive role in terms of advising senior management and the Board of Directors on a financial strategy in line with the corporation’s business strategy and objectives. This person is also expected to play a proactive role in actively collaborating with the senior leadership in all areas of operations and commercial activities, and ensure that the Finance team is contributing and adding value to the organization as a whole.
The ideal candidate for this position must be fluently bilingual and possess at minimum a CPA designation. Candidates must bring a solid track record of at least 15 years in managing the finance portfolio of sizeable organizations with significant complexity. Ideally, candidates will have overseen the financial portfolio within the context of a publicly traded company with multiple operations and operating on a national scale. The organization seeks a finance generalist who has had in-depth experience in managing all facets of internal control and reporting, as well as a proven track record and experience in dealing externally in areas such as financing, treasury, mergers and acquisitions, investor relations, as well as dealing directly with the Board of Directors.
The CFO must demonstrate strong leadership skills, and a proven track record of developing and mentoring a fairly large multifunctional team. The candidate must also demonstrate outstanding communication skills, as well as the ability to influence and to bring added value to all levels of an organization. The ideal candidate must be versatile from a personal standpoint, capable of working with management at the plant level as well as with the Board of Directors. The person’s leadership style must be predicated on teamwork, collaboration, as well as working in a very hands-on fashion, in what can best be described as being a very entrepreneurial environment. The ideal candidate will combine the right blend of strategic skills with a strong operational focus and a clear track record of being a key contributor to improving operations through the introduction of rigorous financial controls and reporting systems.
From a personal standpoint, candidates must exude personal qualities that include high integrity, credibility, and a commitment to the corporate mission. The ideal candidate must be flexible and adaptable and bring a track record of career progression and personal growth within a fast-moving environment requiring a hands-on approach and an ability to multitask. Finally, candidates must demonstrate solid business acumen, a high degree of resourcefulness, and an ability to integrate and ultimately have an impact on the senior leadership team of the organization.