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Finance Director

1 month ago

Kamloops, British Columbia, Canada Kamloops Immigrant Services Full time
Job Title: Finance Director

Kamloops Immigrant Services is a non-profit organization dedicated to supporting immigrants, migrants, and newcomers to Canada in the Kamloops community and Thompson-Nicola Region. Our agency is committed to assisting newcomers in building a brighter future and feeling at home.

Job Summary:

The Finance Director will be responsible for ensuring the financial health and sustainability of the organization. This position requires a highly organized and detail-oriented individual with strong leadership abilities and a deep understanding of nonprofit financial management.

Key Responsibilities:
  1. Financial Planning & Analysis: Develop and manage the organization's annual budget in collaboration with the Executive Director and program managers.
  2. Full Cycle Accounting: Oversee all aspects of full cycle accounting, including accounts payable and receivable, general ledger maintenance, bank reconciliations, and financial statement preparation.
  3. Fund Accounting: Manage and track multiple funding streams, ensuring accurate allocation of expenses and compliance with funder requirements. Prepare detailed financial reports and claims for funders, and ensure timely invoicing and payment receipt.
  4. Internal Controls & Compliance: Establish, monitor, and enhance internal controls, financial policies, and procedures to ensure compliance with nonprofit accounting standards and regulatory requirements.
  5. Financial Reporting: Prepare and present monthly financial statements, quarterly reports for funders, and ad hoc reports for the Executive Director and Board of Directors. Ensure team leads have up-to-date financial information for effective budget management.
  6. Audit & Tax Compliance: Lead the preparation for annual audits, working closely with external auditors. Ensure compliance with all tax filings and regulatory reporting requirements.
  7. Payroll Management: Oversee payroll processing and ensure accurate and timely payment of wages and benefits. Review and approve timesheets and employee expense reports.
  8. Cash Flow Management: Monitor the organization's cash flow to ensure sufficient liquidity to meet operational needs. Implement strategies to optimize cash flow and manage reserves.
  9. Strategic Financial Guidance: Provide financial insights and strategic advice to the Executive Director and Board of Directors, supporting long-term planning and decision-making.
  10. Team Leadership: Supervise and mentor finance team members, fostering a collaborative, high-performance work environment. Provide training and support to program staff on financial policies and procedures.
  11. Risk Management: Identify financial risks and develop strategies to mitigate them. Ensure the organization has adequate insurance coverage and financial safeguards in place.
Requirements:
  1. Education: Bachelor's degree in Finance, Accounting, or a related field. CPA designation required.
  2. Experience: At least 5 years of progressive financial management experience, with a strong background in nonprofit and fund accounting. Experience managing a similar-sized budget and multiple funding sources is essential.
  3. Technical Skills: Proficiency in accounting software (e.g., QBO, Payworks, etc.) and advanced skills in Microsoft Excel. Familiarity with financial forecasting and fund accounting principles.
  4. Leadership: Demonstrated experience in leading and developing finance teams. Strong interpersonal skills with the ability to communicate financial information clearly and effectively to non-financial staff.
  5. Analytical Skills: Excellent problem-solving abilities with a strategic mindset. Ability to analyze complex financial data and present actionable insights to senior leadership.
  6. Compliance Knowledge: Thorough understanding of nonprofit financial regulations, audit processes, and tax requirements.
  7. Communication: Strong written and verbal communication skills, with the ability to prepare clear and concise financial reports. Ability to explain financial concepts to non-experts.
  8. Adaptability: Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities with competing deadlines.
Additional Requirements:
  1. Ability to maintain a clear provincial criminal record check.
  2. Physical ability to carry out the duties of the position.

How to Apply:

  1. A cover letter explaining why you think you are the best candidate for this position.
  2. An updated resume.
  3. A valid Canadian work permit or a valid PR card, or Citizenship certificate.
  4. Ability to commute/relocate: Kamloops, BC: reliably commute or plan to relocate before starting work.

Job Type: Full-time, Permanent

Pay: $85,000.00-$120,000.00 per year

Benefits:

  • Dental care
  • Extended health care
  • Life insurance
  • On-site parking
  • Paid time off
  • RRSP match
  • Vision care
  • Work from home

Flexible Language Requirement:

  • French not required

Schedule:

  • Monday to Friday

Work Location: Hybrid remote in Kamloops, BC V2B 3H2

Application Deadline: 2024-10-18