Director, Finance

3 weeks ago

Old Toronto, Canada Workinculture Full time
POSITION TYPE: Full-Time, Permanent
REPORTS TO: Allan Reid, President & CEO
LOCATION: Toronto, ON

ORGANIZATION SUMMARY

The Canadian Academy of Recording Arts and Sciences (CARAS) was formed in 1975 to preserve and enhance the Canadian music industry and to contribute towards higher artistic and industry standards. CARAS’ mandate is comprised of four key pillars: Educate through our music education charity MusiCounts’ programs and initiatives, Develop emerging artists through mentorship and development programs, Celebrate Canadian artists through The JUNO Awards and other year-round initiatives, and Honour music industry icons through the Canadian Music Hall of Fame.

MusiCounts, Canada’s music education charity associated with CARAS and the JUNO Awards, believes all youth should have access to the life-changing benefits of music and music education. We work to make music education accessible, sustainable, and inclusive for kids who need it most. We achieve this by allocating instruments, equipment, and resources to schools across Canada that are under-resourced, geographically isolated, or struggling to meet the diverse needs of their students.

OVERALL POSITION

The Director, Finance is responsible for providing overall leadership on financial planning, budgeting and financial reporting for The Canadian Academy of Recording Arts and Sciences, and Music Education Charity of Canada (MusiCounts) as a member of the executive team. The Director, Finance will have a day-to-day, ongoing impact on company operations as they drive the financial success of both organizations.

RESPONSIBILITIES
  • Ensuring accurate and relevant financial information is produced while maintaining effective internal controls.
  • Reporting to the Board of Directors and Audit & Finance committee.
  • Lead the annual budgeting process with functional area/department managers and maintain ongoing forecasts.
  • Monitor revenue and expenses, ensuring both organizations meet financial targets.
  • Participate in annual business planning and strategic planning with the Executive team.
  • Day to day processing of transactions and ensuring accounts are reconciled in a timely manner.
  • Managing cash flow, ensuring adequate funds for operating and capital purposes.
  • Ensuring statutory requirements are met including the timely filing of HST returns and annual tax filings.
  • Oversee investment accounts and liaise with investment managers.
  • Manage external payroll provider and act as benefits administrator.
  • Ensuring timely completion of year-end audit and preparation of working papers.
  • Risk management and ensure insurance requirements are met.
  • Completion of government funding applications and fulfillment reports.
  • Oversee annual economic impact report in tandem with each annual JUNO Awards Host Committee.
  • Maintain Employee handbook and update as policies evolve.
  • Manage onboarding and offboarding procedures for employees.
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