Director of Finance

2 days ago

Greater Toronto Area, Canada B'nai Brith Canada Full time

Director of Finance


Position Summary :

Reporting directly to the COO and to the Chair of the Finance and Audit Committee, the Director of Finance is responsible for the financial well-being of the organization and all it’s affiliated entities. As such, the Director of Finance is responsible for developing budgets to meet short- and long-term plans; developing forecasts and strategies for effective financial management of the organization; coordinating the budget process and ensuring departments have access to accurate, reliable and timely information for financial decision making; monitoring and control of expenditures; and providing guidance to senior staff to enhance financial decision-making throughout the organization. In addition, the Director of Finance is responsible for monitoring investments with regular on-going reporting.


The Director of Finance oversees a variety of functions which include, but are not limited to: day-to-day accounting procedures and processes; preparation of payroll, accounts receivable and payable; preparation of annual budgets and forecasts; preparation and analysis of monthly financial statements; preparation of government returns; tax compliance; oversight of the annual audit; board and governance-work related to by-laws; and, strategic oversight and management of the organization’s IT needs.


Travel Requirements:   None


Essential Duties & Responsibilities      

                                                      

Strategy

• Partner with the Executive Team on all operational and strategic issues as they arise; provide strategic recommendations on financial analysis and projections, cost identification and allocation, and revenue/expense analysis.

• Participate in the ongoing strategic planning process.

• Oversee long-term budgetary planning and cost management in alignment with organization’s strategic plan.

• Engage the board finance committee around issues, trends, and changes in the operating model and operational delivery

• Develop financial and tax strategies


Financial and Operational Management

• Oversee budgeting, and the implementation of budgets, so as to monitor progress and present operational metrics both internally and externally.

• Ensure that finance staff maintains financial record systems in accordance with Generally Accepted Accounting Principles, and monitor the use of all funds.

• Oversee the preparation and approval of all financial reporting materials and metrics for funding organizations and organization’s board of directors; prepare and communicate monthly and annual financial statements.

• Serve as a liaison with government funders.

• Manage cash flow and forecasting.

• Coordinate all audit activities.

• Ensure that the financial records are in compliance with regulatory requirements and accounting and financial practices.

• Participate in corporate policy development as a member of the senior management team.


Risk Mitigation

• Understand and anticipate financial risks and ensure risk mitigation strategies and internal controls are in place to safeguard the organization

• Monitor all open legal issues involving the organization and mitigate respective risks


Day-to-Day Accounting

• Develop and maintain timely and accurate financial statements.

• Upgrade and maintain accounting software system as required.

• Implement and ensure compliance with internal financial and accounting policies and procedures.

• Prepare all supporting information for the annual audit and liaise with external auditors as necessary.

• Document and maintain complete and accurate supporting information for all financial transactions.

• Review monthly results and implement variance reporting versus budget & monitor cash flow.

• Oversee the bookkeeping function including maintenance of the general ledger, accounts payable and accounts receivable.

• Fulfillment of all Canada Revenue Agency obligations.

• Liaise with the Treasurer, Finance Committee and/or Audit Committee as appropriate.

• Provide the COO and the Treasurer with financial reporting as required

including at Board Meetings and Annual General Meetings.

• Monitor all legislation relevant to the organization (employment standards, occupation health and safety, human rights etc.).


Payroll and Benefits

• Oversee payroll functions to ensure employees are paid in a timely and accurate manner.

• Negotiate and manage employee group benefits plan.

• In conjunction with the COO, oversee contract signing and provide input on compensation structure for all new hires.

Other duties as required


Position Requirements

Education Required: A minimum of a Bachelor degree and a CPA

Education Preferred MBA

Experience Required: 10-12 years of diverse finance experience in strategy and management at a senior level, making actionable recommendations to senior leadership

Experience Preferred: Experience managing finance (accounting, budgeting, control, and reporting) for a complex nonprofit with multiple funding sources including government, federal, provincial, and municipal


Specialized or Technical Knowledge Licenses, Certifications needed:

• Mature and proactive, with experience working as a business partner to the chief executive officer.

• Demonstrated excellence in managing finance, accounting, budgeting, and reporting.

• Experience working with government funders and familiarity with compliance issues.

• Skill in examining, developing, reengineering, and recommending financial policies and procedures.

• Strong analytical skills and experience interpreting a strategic vision into an operational model.

• A collaborative and flexible style, with a strong service mentality. Needs to be seen as a team player who is committed to lifelong learning.

• A hands-on manager with integrity and a desire to work in a dynamic, mission-driven environment.

• An effective communicator, with strong oral and written skills.

• Strong commitment to developing team members.

• Demonstrated commitment and passion for the organization’s mission is essential.


To apply, please submit your cover letter and resume to 

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