Chief Financial Officer

Client: Financial Services Regulatory AuthorityPosition: Chief Financial OfficerReports to: EVP Corporate Services Location: TorontoTHE ORGANIZATIONThe Financial Services Regulatory Authority of Ontario (FSRA) is a dynamic, independent, board-governed financial services and pension regulator dedicated to serving the public interest, fostering strong, sustainable, competitive and innovative financial services sectors and strengthening non-securities consumer, member and pension plan beneficiary protections in Ontario. FSRA regulates property and casualty insurance, life and health insurance (including auto insurance rates), credit unions and caisses populaires, loan and trust companies, mortgage brokers, health service providers (related to auto insurance), financial planners/advisors, and pension plans. FSRA is building an agile, forward-thinking and collaborative culture, and is committed to encouraging innovation and competition, and promoting market integrity and stability.THE OPPORTUNITYThe Chief Financial Officer (CFO) is accountable for developing and delivering on the finance priorities of the organization. This includes overall leadership of the related teams, infrastructure, systems and services that enable the delivery of controllership, budgeting, financial planning & analysis, payroll, reporting, accounting, procurement and facilities. Specifically, the CFO will be accountable for: Strategic Leadership: Set the vision, strategy, and priorities for the finance function, aligning with broader organizational goals. Lead teams responsible for controllership, budgeting, financial planning and analysis, payroll, reporting, accounting, and procurement.Financial Expertise: Provide robust financial expertise, advice, and support across financial planning, budgeting, reporting, internal controls, fee assessment, cash management, payroll, asset protection, investments, procurement, and project finance.Systems & Compliance: Oversee the development and implementation of financial analysis, reporting systems, policies, and standards. Ensure compliance with legislative requirements, accounting principles, and audit standards.Performance: Set and monitor financial targets, analyze and report on financial performance,. Develop operational plans and performance metrics for finance.Funding Model: Design and manage the funding model, including stakeholder consultations and system development, ensuring compliance with legislative requirements.Change & Innovation: Champion a collaborative, forward-thinking culture and drive innovation and continuous improvement within the finance function.Executive Support: Advise senior executives on financial planning, reporting, control initiatives, and confidential board-level financial matters. Provide financial reporting to Audit, finance and Risk CommitteeTeam Development: Build an agile, diverse, and high-performing finance team, fostering a culture of service excellence, accountability, and positive employee experience.IDEAL CANDIDATECPA or equivalent degree in accounting or finance combined with progressively more responsible senior finance leadership experience;Strong financial skills and acumen with deep expertise in financial planning & analysis, budgeting, and controls;Experience working within complex funding/reporting frameworks;Excellence in strategic leadership, business partnering, business process engineering, data-driven decision-making, communication, and relationship-building/management.WHY JOIN FSRA? FSRA’s vision is to ensure financial safety, fairness, and choice for Ontarians. As a financial services regulator, FSRA is passionate about protecting consumers. Their principles-based approach means they can quickly and effectively respond to the changing needs of consumers and the industry. The FSRA team combines industry expertise with commitment to public service. The regulator attracts individuals who are interested in meaningful work and who measure success through outcomes, not inputs. FSRA invests in the personal and professional growth of their team and offers a competitive compensation package that includes an employer-matched defined benefit pension plan, and a comprehensive and competitive benefits plan. They prioritize learning and development, wellbeing, diversity, equity, inclusion and belonging, and community giving. About LHH Knightsbridge – www.lhhknightsbridge.com As global leaders in Talent and Leadership Development, Career Solutions and Executive, Interim and Mid-Level Search, LHH and LHH Knightsbridge assists organizations in finding new talent, and helping their employees navigate change, become better leaders, develop better careers, and transition into new jobs. We have the local expertise, global infrastructure, and industry leading technology and analytics required to simplify the complexity associated with executing critical talent and workforce initiatives, reducing brand and operational risk. Teams across Canada and around the world leverage our proven programs and global experience to deliver tailored solutions to clients that align talent with the needs of their business.