Financial Management Executive
3 weeks ago
The Financial Director will play a crucial role in ensuring the financial health and sustainability of Tuktu Care Inc. This position will oversee all financial activities, including budgeting, forecasting, accounting, compliance, and reporting.
Key Responsibilities:- Financial Planning and Analysis: Develop and manage the organization's annual budget in collaboration with the Executive Director and program managers.
- Full Cycle Accounting: Oversee all aspects of full cycle accounting, including accounts payable and receivable, general ledger maintenance, bank reconciliations, and financial statement preparation.
- Fund Accounting: Manage and track multiple funding streams, ensuring accurate allocation of expenses and compliance with funder requirements.
- Internal Controls and Compliance: Establish, monitor, and enhance internal controls, financial policies, and procedures to ensure compliance with nonprofit accounting standards and regulatory requirements.
- Audit and Tax Compliance: Lead the preparation for annual audits, working closely with external auditors.
- Cash Flow Management: Monitor the organization's cash flow to ensure sufficient liquidity to meet operational needs.
- Strategic Financial Guidance: Provide financial insights and strategic advice to the Executive Director and Board of Directors, supporting long-term planning and decision-making.
- Risk Management: Identify financial risks and develop strategies to mitigate them.
Requirements:
- Bachelor's degree in Finance, Accounting, or a related field.
- At least 5 years of progressive financial management experience, with a strong background in nonprofit and fund accounting.
- Proficiency in accounting software and advanced skills in Microsoft Excel.
- Familiarity with financial modeling, forecasting, and fund accounting principles.
- A valid Canadian work permit or a valid PR card, or Citizenship certificate.
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