Director of Finance [J896]

Director of Finance [J896]

Director of FinancePosition Summary:Reporting directly to the COO and to the Chair of the Finance and Audit Committee, the Director of Finance is responsible for the financial well-being of the organization and all it’s affiliated entities. As such, the Director of Finance is responsible for developing budgets to meet short- and long-term plans; developing forecasts and strategies for effective financial management of the organization; coordinating the budget process and ensuring departments have access to accurate, reliable and timely information for financial decision making; monitoring and control of expenditures; and providing guidance to senior staff to enhance financial decision-making throughout the organization. In addition,



the Director of Finance is responsible for monitoring investments with regular on-going reporting.The Director of Finance oversees a variety of functions which include, but are not limited to: day-to-day accounting procedures and processes; preparation of payroll, accounts receivable and payable; preparation of annual budgets and forecasts; preparation and analysis of monthly financial statements; preparation of government returns; tax compliance; oversight of the annual audit; board and governance-work related to by-laws; and, strategic oversight and management of the organization’s IT needs.Travel Requirements: NoneEssential Duties & Responsibilities Strategy• Partner with the Executive Team on all operational and strategic issues as they arise; provide strategic recommendations on financial analysis and projections, cost identification and allocation,



and revenue/expense analysis.• Participate in the ongoing strategic planning process.• Oversee long-term budgetary planning and cost management in alignment with organization’s strategic plan.• Engage the board finance committee around issues, trends, and changes in the operating model and operational delivery• Develop financial and tax strategiesFinancial and Operational Management• Oversee budgeting, and the implementation of budgets, so as to monitor progress and present operational metrics both internally and externally.• Ensure that finance staff maintains financial record systems in accordance with Generally Accepted Accounting Principles, and monitor the use of all funds.• Oversee the preparation and approval of all financial reporting materials and metrics for funding organizations and organization’s board of directors; prepare and communicate monthly and annual financial statements.• Serve as a liaison with government funders.• Manage cash flow and forecasting.• Coordinate all audit activities.• Ensure that the financial records are in compliance with regulatory requirements and accounting and financial practices.• Participate in corporate policy development as a member of the senior management team.Risk Mitigation• Understand and anticipate financial risks and ensure risk mitigation strategies and internal controls are in place to safeguard the organization• Monitor all open legal issues involving the organization and mitigate respective risksDay-to-Day Accounting• Develop and maintain timely and accurate financial statements.• Upgrade and maintain accounting software system as required.• Implement and ensure compliance with internal financial and accounting policies and procedures.• Prepare all supporting information for the annual audit and liaise with external auditors as necessary.• Document and maintain complete and accurate supporting information for all financial transactions.• Review monthly results and implement variance reporting versus budget & monitor cash flow.• Oversee the bookkeeping function including maintenance of the general ledger, accounts payable and accounts receivable.• Fulfillment of all Canada Revenue Agency obligations.• Liaise with the Treasurer, Finance Committee and/or Audit Committee as appropriate.• Provide the COO and the Treasurer with financial reporting as requiredincluding at Board Meetings and Annual General Meetings.• Monitor all legislation relevant to the organization (employment standards, occupation health and safety,



human rights etc.).Payroll and Benefits• Oversee payroll functions to ensure employees are paid in a timely and accurate manner.• Negotiate and manage employee group benefits plan.• In conjunction with the COO, oversee contract signing and provide input on compensation structure for all new hires.Other duties as requiredPosition RequirementsEducation Required: A minimum of a Bachelor degree and a CPAEducation Preferred MBAExperience Required: 10-12 years of diverse finance experience in strategy and management at a senior level, making actionable recommendations to senior leadershipExperience Preferred: Experience managing finance (accounting, budgeting, control, and reporting) for a complex nonprofit with multiple funding sources including government, federal, provincial, and municipalSpecialized or Technical Knowledge Licenses,



Certifications needed:• Mature and proactive, with experience working as a business partner to the chief executive officer.• Demonstrated excellence in managing finance, accounting, budgeting, and reporting.• Experience working with government funders and familiarity with compliance issues.• Skill in examining, developing, reengineering, and recommending financial policies and procedures.• Strong analytical skills and experience interpreting a strategic vision into an operational model.• A collaborative and flexible style, with a strong service mentality. Needs to be seen as a team player who is committed to lifelong learning.• A hands-on manager with integrity and a desire to work in a dynamic, mission-driven environment.• An effective communicator,



with strong oral and written skills.• Strong commitment to developing team members.• Demonstrated commitment and passion for the organization’s mission is essential.To apply, please submit your cover letter and resume to [email protected]

The original job offer can be found in Kit Job:
https://www.kitjob.ca/job/90178101/director-finance-j896-greater-toronto-area/?utm_source=html