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Director of Finance and Controller
Position: Director of Finance and Controller
Reports to: CFO and Vice President Finance, Systems and Business Solutions
This position, reporting to the CFO and Vice President Finance, Systems and Business Solutions is accountable for leading the Finance team in managing the Foundations financial and accounting policies, systems and processes, tax and regulatory requirements, payroll systems and processes and Foundation controls, ongoing financial modeling and annual business plan. Provide leadership and coaching to the Finance Team and specifically the positions 4 direct Manager reports.
Accounting, Payroll, Financial Systems and Financial Controls:
Responsible for the delivery of costs effective and efficient accounting and financial systems, policies and processes that meet the current and future business requirements of the Foundation.
Oversee the External Audit, review and analyze results and recommend for approval the Audited Financial Statements.
Prepare the financial section of the annual report.
Oversee the Cash Management function, including banking relationships.
Ensure the Foundation is in compliance with all internal policies and relevant regulations and ensure filings are completed in a timely manner.
Develop and oversee the Internal Review function to ensure that finance and operations controls and policies are complied with in the provincial and field offices. Ensure effective follow up processes are in place.
Manage the payroll function ensuring efficient systems, process and controls.
Manage the financial system, ensuing maximum productivity and that it meets the needs of the business today and the future.
Oversee the continuous improvement of Accounting and Financial Processes and the development of the team with the goal to achieve best practices and optimal output.
Develop and oversee accounting policies and procedures to meet both current and future business models
Cash and Risk Management
Responsible for the management of the Foundations Insurance and Risk Management program
Oversee the annual insurance renewal process and ensure appropriate coverage is maintained at all times
Ensure appropriate legal review of contracts and solicit external legal advice as required. Review financials of preferred vendors.
Manage ongoing banking relationships for maximum efficiency
Develop cash flow forecasting and maintain a long term cash forecast
Develop Finance and Accounting team goals that are fully aligned with the foundation goals
Lead and coach the team to recruit and retain high caliber staff
Provide coaching, guidance and support, set professional development plans to assist employees to reach their full potential through the Performance Management process.
Ensure the team delivers the highest standard of departmental, cross departmental and cross foundation teamwork and customer service
Ensure optimal deployment of resources to achieve business goals
Responsible for Financial Management Reporting for the Foundation
Ensure financial management reporting tolls and processes are in place to support the ongoing and future needs of the business
Develop and prepare a monthly Management Reporting Package.
Present monthly and year-to-date financials with accompanying analysis of results
Develop regular reporting and analysis, including key metrics reports, and conduct ad hoc financial analysis as required
Budgeting and Financial Modeling
Lead the annual business plan development and budgeting process
Lead the quarterly outlook process
Provide ongoing financial modeling and analysis expertise to business partners.
Lead the financial modeling and analysis to support the development of long term strategic initiatives and business plans
Customer Service & Communication
Ensure consistent service delivery in a consultative and solutions-based capacity to all levels of staff and volunteers with regard to financially related Foundation plans, policies and procedures by the Finance Team.
Support the Volunteer Committees: Finance & Investment Committee, Investment Sub-Committee and Audit Committees.
Special Projects as assigned Vice-President
Clients - Managers and Directors throughout Foundation, Business Partners
People Resources Team
Finance & Investment Committee, Audit Committee, Investment Sub-Committee, Board of Directors
Strategic thinking and planning skills
Experience with strategy development and implementation
Understanding and experience with re-engineering processes and large scale systems change
Strong business acumen
Ability to lead complex projects through to an end point
Managing and Leading
Able to communicate effectively and lead others through change and new strategic initiatives
Able to build effective teams, coach and develop others
An individual who seizes opportunities and takes initiative as appropriate
Influence and Interpersonal Effectiveness
Relationship building and rapport skills
Influencing and networking skills
Able to work with and through volunteer/expert relationships and associations and alliances
Ability to communicate effectively at all levels
Ability to grasp Foundations short and long term priorities and develop systems, processes and policies to support the achievement of them in a cost effective manner.
On an ongoing basis, evaluated and prioritizes activities, focuses people resources against key business priorities
10 years working knowledge in accounting and finance with at least 6 years supervisory experience.
Sound knowledge compliance regulations for organizations working within the not-for-profit sector
Exceptional Interpersonal skills, a collaborative style and the ability to communicate effectively at all levels
Demonstrated initiative and the ability to work effectively within time constraints
Knowledge of Financial and ERP systems
Proficient in Microsoft Office software
Department Annual Budget approx. $4M
Team 17, including 4 Managers