Director, Finance

4 weeks ago

Old Toronto, Canada The Canadian Academy of Recording Arts and SciencesThe JUNO Awards Full time

POSITION TYPE: Full-Time, Permanent

REPORTS TO: Allan Reid, President & CEO

LOCATION: Toronto, ON

ORGANIZATION SUMMARY

The Canadian Academy of Recording Arts and Sciences (CARAS) was formed in 1975 to preserve and enhance the Canadian music industry and to contribute towards higher artistic and industry standards. CARAS’ mandate is comprised of four key pillars: Educate through our music education charity MusiCounts’ programs and initiatives, Develop emerging artists through mentorship and development programs, Celebrate Canadian artists through The JUNO Awards and other year-round initiatives, and Honour music industry icons through the Canadian Music Hall of Fame.

MusiCounts, Canada’s music education charity associated with CARAS and the JUNO Awards, believes all youth should have access to the life-changing benefits of music and music education. We work to make music education accessible, sustainable, and inclusive for kids who need it most. We achieve this by allocating instruments, equipment, and resources to schools across Canada that are under-resourced, geographically isolated, or struggling to meet the diverse needs of their students.

OVERALL POSITION

The Director, Finance is responsible for providing overall leadership on financial planning, budgeting and financial reporting for The Canadian Academy of Recording Arts and Sciences, and Music Education Charity of Canada (MusiCounts) as a member of the executive team. The Director, Finance will have a day-to-day, ongoing impact on company operations as they drive the financial success of both organizations.

RESPONSIBILITIES

  • Ensuring accurate and relevant financial information is produced while maintaining effective internal controls.
  • Reporting to the Board of Directors and Audit & Finance committee.
  • Lead the annual budgeting process with functional area/department managers and maintain ongoing forecasts.
  • Monitor revenue and expenses, ensuring both organizations meet financial targets.
  • Participate in annual business planning and strategic planning with the Executive team.
  • Day to day processing of transactions and ensuring accounts are reconciled in a timely manner.
  • Managing cash flow, ensuring adequate funds for operating and capital purposes.
  • Ensuring statutory requirements are met including the timely filing of HST returns and annual tax filings.
  • Oversee investment accounts and liaise with investment managers.
  • Manage external payroll provider and act as benefits administrator.
  • Ensuring timely completion of year-end audit and preparation of working papers.
  • Risk management and ensure insurance requirements are met.
  • Completion of government funding applications and fulfillment reports.
  • Oversee annual economic impact report in tandem with each annual JUNO Awards Host Committee.
  • Maintain Employee handbook and update as policies evolve.
  • Manage onboarding and offboarding procedures for employees.

CANDIDATE QUALIFICATIONS & CHARACTERISTICS

  • University degree, preferably in commerce
  • CPA designation
  • 10+ years experience as an accounting/finance professional
  • Experience working in a not-for-profit environment
  • Experience reporting to a board of directors
  • Familiarity with Xero an asset
  • Experience with CRA charity rules including tax receipt requirements an asset
  • Exceptional organizational and interpersonal skills
  • HR, talent acquisition & retention experience or knowledge is an asset
  • Strong attention to detail

BENEFITS OF WORKING AT CARAS/MUSICOUNTS

  • Flexible working location/Hybrid model
  • 3 weeks vacation
  • Extended group benefits
  • Reduced Summer hours
  • Social, music and cultural activities
  • Positive & supportive culture 
  • Paid December holiday break (in addition to paid vacation)

PLEASE EMAIL A PDF COPY OF YOUR RESUME AND COVER LETTER TO: 

Neil Maclellan  –

SUBJECT LINE: Application – CARAS – Director, Finance

Deadline for resume submission – May 17, 2024

We want to thank all applicants for their interest, however only those selected for interviews will be contacted.

CARAS embraces the diversity of all people, including those with disabilities, and aims to maintain an inclusive and equitable workplace where employees feel valued, respected, and supported. We encourage individuals who identify as Indigenous, Black, a person of colour, as having a disability and/or as a member of the 2SLGBTQ+ communities to apply.  If you require an accommodation at any time during the recruitment process, we would be happy to work with you to meet your needs.

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