At CN, everyday brings new and exciting challenges. You can expect an interesting environment where you're part of making sure our business is running optimally and safely-helping keep the economy on track. We provide the kind of paid training and opportunities that long-term careers are built on and we recognize hard workers who strive to make a difference. You will be able to thrive in our close-knit, safety-focused culture working together as ONE TEAM. The careers we offer are meaningful because the work we do matters. Join us!
Job Summary
The Director, Financial Planning - Network Operations and Mechanical is responsible for all financial matters for Network Operations and Mechanical functions, tracking adherence to operating expense and capital budgets as well as Sarbanes-Oxley (SOX) controls. The role develops Key Performance Indicators (KPIs) for monitoring productivity and costs ensuring functional strategies, initiatives and processes are financially sound and optimized. Moreover, the position is a trusted financial advisor with functional leadership actively participating in the development of business cases, providing data and insight to optimize decisions and help achieve objectives.
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Main Responsibilities
Functional Financial Planning
• Oversee all functional financial matters for Network Operations and Mechanical including operating expenses, capital investments, SOX controls, tax credits and benefits
• Provide business insights and strategies related to expense reduction, continuous productivity improvement, optimization of capital deployment, and overall value creation
• Work closely with the function in the development of annual operating and capital budget, monthly operating and capital forecasts and development of a 3-year plan
• Consolidate the submissions from all budget owners and present the outcome to functional Vice Presidents (VPs) and executives for approval
• Facilitate review, discussions and debate with functions before proceeding to secure executive approval of business cases
Staff Management
• Lead, inspire, coach, and develop team of professionals
• Partner and engage with cross-functional peers and other stakeholders, establishing collaborative and productive dotted line relationships
• Accelerate depth, execute succession plans and advance key employee development plans
• Ensure professional well-being of all team members
Execution
• Track adherence to operating expense, capital budgets and forecasts
• Build detailed, comprehensive business cases for track capacity infrastructure and other network operations-related capital investments projects
• Monitor variances and work with the budget owners on creating new forecasts to remain within envelope
• Communicate and review monthly results with functional leaders and discuss areas of improvements and opportunities
• Support VPs with financial analysis and KPI's monitoring departmental performance
• Support VPs in achieving their objectives and act as main liaison to VP Financial Planning and Chief Financial Officer (CFO)
• Support functions with Executive and Board Presentations
• Oversee development of detailed business cases as well as the approval process, including submission for authorization of each individual project
• Ensure consistency in capital assessment process, including financial and non-financial criteria and considerations, business rationale, economic, financial, and risk analysis, implementation timing, project management, detailed cost estimates, savings and Return on Investment (ROI) calculation
Governance
• Attend weekly functional leadership meetings
• Participate in cross-functional Steering Committees with Procurement and Supply Management (P&SM), Human Resources (HR) and other functions for sourcing decisions impacting Engineering and Mechanical
• Ensure adherence to capital approval process and compliance with the Company's Delegation of Authority
• Ensure strict and constant adherence to Key financial SOX controls and collaborate with KPMG and Internal Audit during yearly audits
Working Conditions
The role has standard working conditions in an office environment with a regular workweek from Monday to Friday. The role requires minimal travel (20%) across the network. Due to the nature of the role, the incumbent must be able to meet tight deadlines, handle pressure, and stress.
Requirements
Experience
Financial Leadership
• Minimum 10 years of experience in progressively responsible financial leadership roles
• Between 3 to 5 years of experience managing direct reports as well as leveraging non-reports for required information to complete deliverables
o Experience as a financial partner and working as a key contact for various departments across the company
o Experience in leading a team of professional financial partners
o Operational experience
Education/Certification/Designation
• Bachelor's Degree in Accounting or Finance
• Master's Degree in Business Administration or Postgraduate Degree in Economics or Finance
• Chartered Financial Analyst (CFA), Chartered Professional Accountant Canada (CPA-CA) or Chartered Professional Accountant (CPA) designation
*Any designation for these above would be considered as an asset
Competencies
• Sets direction and inspires others
• Communicates with impact
• Delegates and empowers others to create accountability
• Develops self and others
• Collaborates with others and shares information
• Knows the business and stays current on industry needs
• Demonstrates agility and drives change
• Demonstrates active listening
• Identifies needs and finds solutions to create value for all stakeholders
Technical Skills/Knowledge
• Knowledge of managing operating and capital budgets, and adherence to SOX controls
• Strong ability to identify key levers and simplify complex situations into financial models
• Strong ability to communicate and translate financial metrics into action-oriented business practices
• Ability to establish connections between financial results and operational execution
• Ability to communicate and translate financial metrics into action-oriented business practices
About CN
CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only railroad connecting Canada's Eastern and Western coasts with the Southern tip of the U.S. through a 19,500 mile rail network, CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship. At CN, we work as ONE TEAM, focused on safety, sustainability and our customers, providing operational and supply chain excellence to deliver results.