Director of Finance

1 month ago

New Westminster, Canada Independent Schools Association of British Columbia Full time
Director of Finance
Start Date: April 1, 2025

Urban Academy is a rapidly growing independent school in New Westminster located in a beautiful facility across the street from Braid Street Skytrain Station. At Urban Academy our staff, students and families are connected through learning, inspired by community and empowered to contribute as we work toward our vision of truly educating for tomorrow. We value creativity, collaboration, global citizenship, technology, the outdoors and the arts as means through which we can offer excellence in education.

Urban Academy is seeking a skilled financial professional with experience as a Controller or Finance Director to lead and support the school’s financial operations and contribute to the execution of its long-term strategy.

Position Overview:

The Director of Finance will play a critical role in overseeing the school’s financial health, ensuring sustainability, and driving strategic growth. This role involves managing the school’s financial planning, budgeting, accounting, and reporting processes on a day-to-day basis. The Director of Finance works closely with the Head of School, the Board of Directors, and other key stakeholders to align financial goals with the School’s Mission, Vision and strategic objectives.

The Director of Finance is responsible for overseeing and managing all aspects of accounting, treasury management, debt financing, donations, financial reporting, audit, budgeting, forecasting, financial planning, internal controls, and risk management.

The ideal candidate will possess strong analytical skills, a collaborative mindset, and the ability to roll up their sleeves while supporting senior leadership in making informed, strategic decisions.

Engages the Finance Committee of the Board to develop short, medium, and long-term financial plans and projections.Collaborates with the Senior Leadership Team, Team Leaders, and the Board to ensure financial reports are understood and acted upon appropriately while considering the financial implications of decisions.Champions diversity, equity and inclusion at the school by reviewing the allocation of resources, and contributing to policies that enable all students and staff members to have equitable opportunities to thrive.Financial Reporting and Accounting:
  • Ensures timely month-end close.
  • Ensures timely and accurate financial reporting in accordance with GAAP, school policies, and best practices.
  • Ensures the preparation of all financial reports, including income statements, balance sheets, reports to the Board of Directors, information returns, and reports for government regulatory agencies and school associations on a timely basis.
  • Provides oversight and management of the annual audit process.
  • Remains up to date on accounting and audit standards legislation.
Budgeting and Forecasting:
  • Works with the Senior Leadership Team, and the Head of School to develop the 5-year financial strategic plan and presents the plan, with others, to the Finance Committee and Board of Directors.
  • Studies long-range economic trends and projects school prospects for future growth in enrollment, other business opportunities, or expansion into new areas.
  • Develops and utilizes forward-looking, financial models and financial analyses to provide insight with regard to major capital projects and renovations.
  • Recommends annual tuition increases based on long-range strategic financial plans and benchmarking.
Capital Management:
  • Works with the operations team to develop a long-range capital plan for facilities and IT.
  • Oversees the management of capital reserves, monitors capital deployment, and reports deviations against the plan back to the Head of School.
  • Works with banks to ensure sufficient credit facilities and maintains relationships with the School’s banker.
  • Recommends, plans, and coordinates negotiations for the purchasing, selling, leasing, renting, and disposing of capital assets.
  • Responsible for treasury/cash management.
  • Creates cash flow projections.
  • Oversees the short and long-term investment strategy.
  • Responsible for debt financing.
  • Develops and maintains financial policies and procedures.
  • Participates in school policy development as a member of the Senior Leadership Team.
  • Ensures School assets are safeguarded implementing internal controls and monitoring effectiveness thereof.
Management:
  • Works with Senior Bookkeeper to help provide leadership, guidance, support, motivation and team-building tactics for the Finance office.
  • Manages all accounting functions, including tuition billing, accounts payable, accounts receivable, payroll, general ledger management, and regulatory reporting.
  • Manages the Senior Bookkeeper and ensures training is adequate; manages staff performance and appraisal process for Senior Bookkeeper.
  • Ensures the Finance team maintains a superior customer service focus (towards internal and external customers).
  • Works with the Senior Leadership Team and school leaders to manage and enhance our risk management program.
  • Collaborates with the Head of School, Senior Leadership Team and school leaders to mitigate financial risk and ensure resiliency.
  • Helps develop Strategic Risk priorities in collaboration with the Head of School, SLT and the Board of Directors.
  • Oversees payroll and benefit programs and conducts an annual review of salaries and benefits based on benchmarking and other key markers, and makes recommendations to the Head of School.

Qualifications:

  • The Director of Finance will be a seasoned and mature leader with at least 5+ years of broad finance experience. They will ideally have experience managing finance (accounting, budgeting, control, and reporting) for a complex nonprofit, and have experience developing sophisticated financial models for capital projects, building, expansion, and new system rollouts.
  • Recognized Accounting designation.
  • Excellent knowledge of accounting principles and standards, financial reporting, and budgeting processes.
  • Proficiency with accounting software and financial management systems, including Excel and Google Sheets. li>
  • Experience working within a database system is an asset.
  • Experience with investment fund management and debt administration is an asset.
  • Experience with purchasing and commodity tax matters.
  • Experience with accounting for capital project costs and forecasts.
  • Integrity & Confidentiality: Strong ethical standards and the ability to handle sensitive financial data with discretion.
  • Occasional evening or weekend work may be required for meetings or events.

At Urban Academy, we are committed to building a diverse and inclusive workforce by ensuring a barrier-free work environment. We welcome applications from all qualified job seekers, from BIPOC (Black, Indigenous, and people of colour), persons with disabilities, and 2SLGBTQ (persons of all sexual orientations and genders). If you are an applicant with a disability, we will work with you to make reasonable workplace accommodations you may need for your best work performance.

Application Process:

Please visit our website (www.urbanacademy.No phone calls please, only candidates selected for an interview will be contacted.

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