Vice President, Finance and Chief Risk Officer
2 weeks ago
St. Michael's Hospital Foundation (SMHF) is the exclusive fundraising organization to generate and manage philanthropic funds for St. Michael¿s Hospital and Providence Healthcare, within Unity Health Toronto. Through multiple lines of fundraising income generation and stewardship activity, SMHF, in conjunction with Unity Health, will define and promote the St. Michael's and Providence brands to maximize philanthropic revenue to fuel their healthcare, research, teaching and health equity missions. We will inspire our communities, local, provincial, national and international, to invest in our organizations¿ priorities to drive and implement innovation that will equitably support all members of our society to manage and overcome disease and health crises and live healthier lives to create a more inclusive and thriving society. Join us
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The Vice-President, Finance and Chief Risk Officer (VPFCRO) leads three business functions core to the strategic direction of the Foundation: 1.) Finance and Investment Administration; 2.) Gift Processing; and 3.) Granting. Working with the President and CEO (PCEO), the VPFCRO will lead all finance, investment and granting activities to enable the Foundation to steward its financial resources and maximize investment returns, both within acceptable risk parameters.
**RESPONSIBILITIES & ACTIVITIES**
RESPONSIBILITY - Financial and Investment Administration
- Oversee all financial and management accounting functions of the Foundation.
- Oversee monthly financial information, production of quarterly and annual financial statements, and the financial management and control policies and systems that support these reports.
- Lead the annual budget setting process, working collaboratively with the PCEO and VP Donor Experience and Chief of Staff to establish the parameters for the annual budget and business plan. Further, lead the design of regular reporting on revenue and expense tracking on a regular basis (daily or weekly for revenue; monthly for expenses) for use by the PCEO and their direct reports and wider staff to manage the business.
- Lead the design and development of regular reporting to the Audit & Finance Committee of the Board, collaborating with the VP Donor Experience and Chief of Staff to manage reporting timelines and agendas for the Audit & Finance Committee within the overall governance reporting timetable established by the VP Donor Experience and Chief of Staff.
- Meet annual statutory and standards requirements to ensure compliance with regulatory obligations, e.g., annual filing of T3010, Ontario Corporation returns, HST rebate returns, and Board member/Officer registers
- Working collaboratively with the VP Donor Experience and Chief of Staff and the Director of BIIT, design the financial and management reporting systems required to track and analyze all elements of the business.
- Design and oversee the treasury management function for the Foundation, managing both Foundation needs and supporting Hospital needs for information and cash flow management
- Act as lead support to the Audit & Finance Committee (or potentially standalone Investment Committee) on the selection, monitoring and evaluation of investment of Unrestricted, Restricted and Endowed Funds.
- Proactively works with the Chair of the Audit & Finance Committee and the PCEO to identify and get ahead of issues before they become problems.
- With the VP Donor Experience and Chief of Staff and PCEO, support the Board in investment management by setting and monitoring a framework for investment management and associated policies.
- Supports the PCEO and VP Principal, Major and Planned Gifts, and the latter¿s team, in the proposal and evaluation of structured gifts and tax implications of gift structures.
RESPONSIBILITY -Gift Processing
- Manage the team processing all revenue transactions for the Foundation
- Working collaboratively with the VP Donor Experience and Chief of Staff, lead the develop and ongoing review of board and management policies to support gift processing and the unpinning controls associated with the function
- Working collaboratively with the Director of BIIT, continually review operations to identify ways to implement emerging technologies and new systems to enhance performance and efficiency of the unit
RESPONSIBILITY -Granting
- Oversee and continually enhance Foundation systems to report on and grant funds to the Hospital, ensuring donor designations are honoured and developing efficient systems to enable the Foundation to report to donors on the use and impact of their funds
- Work collaboratively with the Hospital CFO and finance team, and individual units of the Hospital, to develop fund reporting structures to allow transparent view to funds received, cash flow schedules to support Hospital planning, and ease of access with transparent reporting and fund granting policies
RESPONSIBILITY
- Risk Management
- With the VP Donor Experience and Chief of Staff and PC
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