Tayler Osmond, a seasoned accountant with over a decade of experience in public practice specializing in construction and real estate, joined Island West Coast Developments Ltd. as CFO in 2018. At IWCD, he combines his passion for accounting and construction to help the organization and its related companies thrive in ways they never imaged. IWCD is a full-service construction and project management company in British Columbia, Canada, that provides general contracting, design build, pre-construction, tenant improvements, and tilt-up construction services for commercial, multi-residential, industrial, infrastructure, and institutional developments across Vancouver Island and the Lower Mainland. For both IWCD and IWC Excavation Ltd., a specialized civil and general contractor, Tayler provides financial oversight, leads an accounting team of six people, and, as part of the senior management team, oversees a staff of over 100 people. “I wanted to be able to focus on one organization at a very detailed level and be able to really partner with that organization to grow and succeed in a way that I couldn’t do in public practice,” he says. At just 31 years old, Tayler is doing exactly that.
For IWCD, Tayler’s experience as a Chartered Professional Accountant (Canada) and Certified General Accountant in the private sector for MNP has been invaluable to both his staff and the company. As he continues to train and mentor the next generation of accountants, he has helped IWCD continue to grow and evolve from a Best Managed Company to a Best Managed Platinum Company. Building off the CEO’s prior successes in building businesses that triggered IWCD’s exponential growth, Tayler engaged his expertise on the financial side to accelerate its climb. “I came on board, and I took inventory, spent the first six months finding out what systems were in place, why the company was run the way it was, then I pulled everything apart on the finance side and rebuilt it to follow best practice and to focus on relevant performance indicators,” he explains. One of the changes included revamping the monthly reporting process to ensure a freer flow of information to better facilitate growth in an efficient and realistic way. “It’s one thing to have a plan to go to the moon, it’s another to make sure that finances run in a way that gets you there.”
Besides process improvement and strategic planning, one of Tayler’s other focuses and another area he’s dedicated to is employee empowerment. For him, it’s important for employees to have the freedom and security to be creative in their work. “I don’t view leadership as directing people,” he says. “As a leader, I’m serving them. My job as CFO is not to micromanage their performance, but to give them the tools to enable them to perform. I believe in servant leadership and my team is way more productive as a result. When I look at the production when I joined, we had the same team of accountants doing a third of the work they do today, and they don’t work overtime to accomplish that. They’re happier and they enjoy their work.”
CFO — Island West Coast Developments, LTD