Head of Finance
4 days ago
**Overall Purpose**:
Power To Be is a non-profit organization that creates access to nature for youth, families, and adults living with cognitive, physical, financial, and social barriers. We support the discovery of limitless abilities through nature-based programs. We are on the verge of opening a purpose-built, lake-front facility, designed with intention, and holding at the center our values of inclusion, the environment, and community. Working with Power To Be is an opportunity to be part of impactful and lasting societal change.
The Head of Finance plays a key role in Power To Be’s accounting and financial management efforts to advance the mission. This role will provide timely, relevant and strategic monitoring/reporting of the overall financial performance of the organization while ensuring the overall integrity and accuracy of financial data. This role is responsible for managing the overall operation of the Finance Department in Collaboration with the Director of Finance, this includes the financial health of the organization, and administrative oversight as necessary.
SPECIFIC JOB RESPONSIBLITIES
Finance
- Financial management, including the continuing development and refinement of, as well as review and approval of monthly, quarterly and annual financial statements.
- Responsible for finance and accounting including reviewing A/R, A/P, GL transactions, payroll while ensuring quality control over financial transactions and financial reporting is maintained.
- Monitor and forecast cash flows.
- Prepares and publishes timely monthly financial statements, working closely with Director of Finance to communicate financial metrics and understand operational variances.
- Oversee and facilitate quarterly and annual close process; lead annual financial audit.
- Implement complex transactions in consultation with the Director of Finance.
- Develop, document and audit business processes and financial controls policies to maintain and strengthen internal controls.
- Manage and comply with government/regulatory reporting requirements and filings.
- Continually evaluates best industry practices in comparison to internal systems, with an eye toward future needs and resource realities.
- Work closely with Directors, Heads Of, and their staff to educate them regarding finance and accounting procedures and will explore how the finance function can best support their departments.
- Coordinate budgeting and re-forecasting process with managers and directors, in collaboration with the Director of Finance.
- Be responsible for accurate, timely and well‐managed accounts receivable and payable.
- Maintain and continually develops finance staff and administrative staff as necessary by selecting, orienting, training and cross‐training employees.
- Coordinate grants compliance between finance, program and fund development (where applicable); ensure that program managers are kept abreast of grant‐supported work and related balances, and that expenditures are consistently aligned with grant and program budgets throughout the grant period; collate financial reporting materials for corporate, foundations, and government awards.
- provide strategic advice to the Director of Finance and other organizational stakeholders as required.
- Adhere to the annual operating budget, capital budget and financial controls.
- Adhere to and mentor others to adhere to the Income Tax Act, CRA guidelines, GAAP and professional standards.
Management and Leadership
- Participate in recruitment and training of all finance staff, volunteers, and administrative staff as directed.
- Oversee scheduling for relevant employees and volunteers.
- Promote a positive and co-operative work environment aligned with the Power To Be’s values of respect, integrity and innovation.
- Provide feedback regularly and constructively to hold team members accountable to our vision, team culture and individual responsibilities.
- Set relevant quarterly and annual team benchmarks with regular follow up.
- Create a sense of confidence and trust so that change is regarded as a contribution to social impact; implement ideas and approaches that are likely to add value.
- Serve as a role model in making necessary decisions that are consistent with legislation, organizational objectives, precedent and established policies and procedures.
- Integrate risk management into organizational planning.
- See collaboration and diversity as opportunities; creates an inclusive environment free of discrimination and fear.
- Assist the Director of Finance as an active member of the Management Team and ensure all staff members are aware of their roles and expectations during major business disruptions and/or events.
- Be a support to co-workers, volunteers and stakeholders; assist co-workers with their responsibilities in their absence as required.
- Participate and/or chair meetings as required.
- Contribute to the development, monitoring and achievement of the annual plans and
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