Job Description
Who you are
You are a service-oriented individual who is excited to be a part of a fast-growing organization that enables the best to be even better. You are a highly skilled and experienced Finance Director and love working in a collaborative team environment, but also enjoy your autonomy to accomplish tasks and provide excellent service to our Partners and their teams. As an individual who is driven by excellence, you are eager to contribute the success of one of Canada’s Best Managed Companies.
This is a hybrid opportunity based out of Dentalcorp’s Toronto Support Centre. Reporting to the Vice President, Finance Business Partnering, you are a highly experienced and strategic Finance Director. This role will oversee multiple financial functions within our organization including Doctor Compensation, Accounts Receivable, and Payroll. This position involves managing the calculations and administration of doctor draws, overseeing accounts receivable activities, and leading payroll operations. The role requires collaboration with doctors, finance teams, HR, and other stakeholders to ensure accurate compensation, efficient revenue management, and compliance with regulations.
Role overview
Bank Reconciliation:
- Oversee and manage the bank reconciliation process for approximately 600 practice bank accounts to ensure accuracy and completeness of all financial transactions.
- Collaborate with internal and external stakeholders to investigate and resolve variances, errors, or missing transactions.
- Develop and implement strategies to improve the efficiency and effectiveness of the bank reconciliation process.
- Recommend adjustments where needed to ensure bank reconciliations remain clean.
Revenue Recognition:
- Lead the revenue recognition process in compliance with relevant accounting standards and company policies.
- Ensure accurate and timely recognition of revenue across all practices and revenue streams.
- Manage the contract revenue recognition process in Netsuite.
- Collaborate with cross-functional teams, including the finance business partnering team to ensure Revenue is closed timely as part of month-end.
Doctor Draw calculation:
- Develop and implement policies and procedures for doctor draw calculations, considering productivity, revenue generation, contractual agreements, and compliance requirements.
- Collaborate with doctor, practice managers, HR and Talent to ensure correct rates are entered in the commission engine.
- Analyze financial and operational data to determine appropriate draw amounts for each dentist, considering productivity, revenue targets, and individual contracts.
- Regularly review and update draw calculations to reflect changes in performance, and contractual agreements.
- Communicate draw calculations to dentist, addressing any concerns or inquiries.
Accounts Receivable:
- Manage the accounts receivable function, including preparation of AR aging report in collaboration with the practices.
- Develop and maintain policies and procedures for effective accounts receivable management, ensuring timely and accurate recording of revenue.
- Monitor and analyze accounts receivable aging, identifying and addressing issues, and optimizing collection processes.
- Review and approve AR write-off requests from practices.
Partner Variable Compensation:
- Review partner variable compensation structure as per contractual agreement.
- Present to senior leadership variable compensation position and area of concern.
- Address partner inquiries, concerns, or disputes related to variable compensation calculations, providing explanations and resolutions as necessary.
Payroll:
- Oversee the payroll process, ensuring accuracy and compliance with payroll regulations and policies.
- Manage the payroll team and provide guidance on payroll calculations, tax withholding, and benefit deductions.
- Collaborate with HR to ensure accurate employee data, including new hires, terminations, and changes in compensation.
- Review and approve payroll reports, including payroll taxes and statutory deductions.
- Stay updated on changes in payroll regulations and ensure compliance.
Financial Reporting and Compliance:
- Prepare and analyze financial reports related to bank reconciliation, revenue recognition, and other financial metrics.
- Ensure accurate and timely financial reporting related to commissions, accounts receivable, and payroll.
- Coordinate with the accounting team to reconcile accounts and resolve discrepancies.
- Collaborate with internal and external auditors to facilitate audits and address any findings.
- Monitor compliance with applicable regulations, such as tax laws, labor laws, and accounting standards.
Team Management and Leadership:
- Manage a team of finance professionals, providing guidance, support, and mentorship.
- Foster a collaborative and high-performing work environment, promoting professional development and growth opportunities.
- Conduct regular performance evaluations, set goals, and provide feedback to team members.
What we’re looking for
- Bachelor's degree or Diploma in Accounting, Finance, or a related field; CPA or equivalent certification preferred.
- Proven experience (5+ years) in senior finance roles.
- Strong knowledge of accounting principles and regulations.
- Proficiency in financial systems and tools, including ERP systems and advanced MS Excel skills.
- Excellent analytical, problem-solving, and decision-making abilities.
- Exceptional attention to detail and accuracy.
- Strong leadership and team management skills.
- Excellent communication and presentation skills, with the ability to convey complex financial information to non-financial stakeholders.
About Dentalcorp
Dentalcorp is Canada’s largest and fastest growing network of dental practices, committed to advancing the overall well-being of Canadians by delivering the best clinical outcomes and unforgettable experiences. Dentalcorp acquires leading dental practices, uniting its network in a common goal: to be Canada’s most trusted healthcare network. Leveraging its industry-leading technology, know-how and scale, dentalcorp offers professionals the unique opportunity to retain their clinical autonomy while unlocking their potential for future growth.
Candidates must be legally eligible to work in Canada. At Dentalcorp, we recognize that inclusivity and diversity strengthen our culture and make us better. We are committed to ensuring that the talent we hire is reflective of the diverse communities and patients we serve. To ensure equal opportunity for all candidates, we strongly encourage applicants requiring an accommodation to let their recruiter know during the recruitment/selection process. We appreciate all applicants for taking the time to apply, however, only those selected for an interview will be contacted.