Director, Finance

CMHA•Newmarket, ON

6d•CA$106,708 - CA$129,324•Hybrid

About The Position

This Senior Management Team position reports to the VP Finance & Technology and contributes to the overall success of the organization by effectively managing all financial and accounting operations, including budgeting and financial analysis. The role directs the day-to-day financial operations of the agency in accordance with the agency’s standards, guidelines, and regulations, to achieve the strategic directions and operational plans of the organization.

Requirements

Bachelor's degree in accounting, Commerce, or Business Management/Administration is required.
Professional designation (for example Chartered Professional Accountant), or equivalent is required.
Substantial recent & relevant experience, (minimum of five years) in a financial management position working at a management level.
Knowledge of generally accepted accounting principles.
Knowledge of federal and provincial legislation affecting charities.
Knowledge of provincial legislation on Employment Standards, Occupational Health and Safety, and Human Rights.
Proven ability to apply leadership skills, and strong analytical and problem-solving skills to effectively manage a diverse portfolio and meet position requirements.
Planning and organizational abilities to lead and facilitate budget development, monitoring, financial planning, and reporting within required funder timelines.
Ability to establish and maintain effective working relationships.
Looks for improvement consistently and is committed to continuous quality improvement.
Human resources management skills to supervise, monitor, and motivate staff.
Excellent communication skills – listens well, approaches problems calmly, and asks questions to understand the issue prior to taking action.
Able to remain calm in high-pressure situations and provide clear direction to reporting staff.
Able to manage competing priorities with short deadlines.
Takes a strategic approach to problems, always considering the implication of decisions on agency goals.
Conflict resolution skills when faced with conflict between team members or disagreements with service or operational decisions.
Proficiency in the use of computers for accounting, word processing, databases, spreadsheets, email and internet.

Nice To Haves

Experience in the public healthcare environment will be considered an asset.

Responsibilities

Develop and maintain timely and accurate financial statements and reports that are appropriate for the users and in accordance with generally accepted accounting principles (GAAP).
Develop, implement, and ensure compliance with internal financial and accounting policies and procedures.
Ensure that all statutory requirements of the organization are met including Charitable Status, Withholding Payments (CPP, EI), Income Tax, Goods and Services Tax, Employer Health Tax.
Monitor financial results and expenditures by using variance analysis, forecasting methodologies, and comparison to the fiscal budget.
Develop computer models for revenue and expenditure forecasting, monthly accruals, variance analysis, and budget monitoring.
Annual budget planning for financial and volume targets, and budget completion.
Prepare all supporting information for the annual audit and liaise with the Board's Audit Committee and the external auditors as necessary.
Develop and maintain financial accounting systems for cash management, payroll, accounts payable, accounts receivable, credit control, and petty cash.
Oversee the bookkeeping function including maintenance of the general ledger, accounts payable, accounts receivable, and payroll.
Ensure all external mandatory reporting requirements are met, including Ministry of Health and all funders.
Manage the acquisition of capital assets and ensure that assets are properly recorded, amortized, and disposed of as appropriate.
Prepare annual charitable returns in a timely manner as appropriate.
Oversee all payroll-related functions to ensure that employees are paid in a timely and accurate manner.
Work in collaboration with the Senior Director, People, and Teams to negotiate health benefit plans.
Oversight of the process and submission of statutory and benefits remittances on time.
Oversight for issuing annual T4s and T4A.
Establish guidelines for budget and forecast preparation, and prepare the annual budget.
Assist the leadership team with the preparation of budgets for their programs/departments and funding applications.
Maintain financial records for each project in a manner that facilitates management reports and external reporting.
Ensure that accurate and timely financial statements are prepared in accordance with contract agreements with funders.
Provide accurate and timely reporting on the financial activity of individual projects.
Manages direct reports including but not limited to: Hires and orients staff, Delegates and assigns work, and projects and monitors completion, Develops, coaches, supports, and evaluates performance, Ensures staff have the tools including required training to meet job requirements, Develops remedial plans as required.
Ensures that continuous quality improvement is an operational goal.
Ensures that indicators and metrics are developed to monitor quality initiatives.
Analyses trends and directs the development of remedies and performance improvement.
Adheres to the organization’s Vision, Mission, Values, and goals as outlined in its strategic plan.
Adheres to all organizational policies and procedures.
Is familiar with pertinent provincial legislation that includes: the Mental Health Act, the Health Consent Act, PHIPA, the Substitute Decisions Act, the Occupational Health and Safety Act, the Employment Standards Act, and the Ontario Human Rights Code.