Job Posting 67596

Director of Finance
YWCA
Toronto Metro area
closes in 9 days (Wed, 27 Jan)
full time

The YWCA Canada senior management team is a team of highly energetic, inspired and dedicated professionals committed to supporting the mission and vision of YWCA Canada. Reporting directly to the CEO of YWCA Canada, this position oversees the financial management of the National Office, working closely with finance and other appropriate staff, to ensure related systems, policies, budgets, investments and audits are adhered, prepared, monitored and reported regularly as needed for key stakeholders.

 

YWCA Canada is the country's oldest and largest women's multi-service organization. Our 31 local YWCA Member Associations across the country serve women and girls in nine provinces and two territories. YWCA Canada is the nation's single largest provider of shelter to women and children fleeing violence. 

 

Role Summary
We are looking for a strategic thought-partner to join our team. Reporting to the Chief Executive Officer (CEO), you are a hands-on manager excelling in the areas of finance, business planning and budgeting, human resources, administration, and investments. With two direct reports, you lead by example, demonstrating a commitment to quality and innovation. As an integral member of the YWCA Canada senior leadership team, the responsibilities of the Director include: supporting the CEO by performing and managing YWCA Canada's financial, granting, and investment accounting; management of all internal and external financial reporting; ensuring effective cash flow planning; management of financial, IT and human resource systems; providing support for Board and Board Committees, performing other responsibilities consistent with the position and cross-functional responsibilities as requested. Strong verbal and written communication skills are required to enable Board and Committee level presentation and material development.

 

Core Deliverables

  • Planning, implementing and managing the finance and investment functions
  • Lead the development and monitoring of operational budget
  • Ensure the integrity of YWCA Canada financial and data resources
  • Ensure compliance with all government regulations for reporting and receipting
  • Support financial management policy development for a network of 32 YWCA across Canada
  • To be a team player by embracing and consistently enacting organizational values of integrity and partnership, supported by being accountable to yourself and your team

Accountabilities and Responsibilities including, but not limited to:

  • Financial management and budgets
  • Oversee the cash receipts, accounts payable, accounts receivable, purchasing, donations processing and receipting
  • Monitor the cash position of the organization, identifying both restricted and operating fund balances and forecasts
  • Analyze and present financial reports in an accurate and timely manner; clearly communicate monthly and annual financial statements to board and staff
  • Coordinate and lead the annual audit process acting as the main contact with external auditors
  • Oversee and lead annual budgeting and planning process which includes consolidation and review of financial plans and budgets with recommendations for revisions
  • Prepare budget documentation that includes financial statements, numeric,  graphical, chart analysis, and accompanying narrative
  • Perform ongoing financial analysis, forecasting, reporting and monitoring the achievement of financial goals versus budget
  • Mange securities and in-kind donations
  • Provide regular reporting to CEO and YWCA Canada board with variance analysis, projections, cash flow forecasts, as well as a financial narrative report outlining the status of the organization and any current and/or anticipated changes in the financial position

Reporting

  • Prepare and present operational and financial reports on a monthly basis to CEO, member associations and management team
  • Ensure timely, accurate completion of all government and regulatory agency reports
  • Prepare reports including financial budgets, forecast, and narrative reports for review of the Board
  • Provide direct support to the Audit & Finance Committee and the Investment Committees of the Board
  • Monitor changes in CRA and payroll regulatory frameworks and ensure compliance
  • Serve as the Privacy Officer and ensures practices are in line with policy and with legislation

Investments

  • Ensure investments managed by external advisor comply with investment policy
  • Oversee reconciliation of investment manager source reports to internal financial statements
  • Perform cash flow analysis to determine amount and timing of required redemptions

Financial Control & Risk Management

  • Ensure the efficient and effective management of all financial functions
  • Monitor internal controls and financial policies and procedures
  • Develop risk management plans and tools
  • Ensure receipting comply with CRA guidelines
  • Advise stakeholders on the implementation of controls
  • Ensure federal grant requests comply with policy and donor restrictions
  • Evaluate the effectiveness of fundraising programs and investments
  • Assess pledge status and collection risk with recommendations for early mitigation

Human Resources and Administration

  • Develop, update and maintain HR-related files, information, and policies
  • Under the direction of the CEO manage all payroll changes, submissions, tracking and reporting
  • Direct, engage, and coach direct reports to fulfil their roles
  • Provide formal appraisals of direct reports performance
    Work with direct reports to develop their annual work plans and performance objectives
  • Support management team to implement Health and Safety protocols

Qualifications and Skills

  • Chartered Professional Accountant designation (CPA) or equivalent experience.
  • Thorough understanding of Income Tax Act, CRA rulings and guidelines, CPA Handbook, Foundation policies, Federal and Ontario Corporations Act, privacy legislation, HST, etc.
  • Minimum 5 years of finance and accounting experience in the not for profit sector, preferably the charitable sector
  • Exceptional service orientation and strong interpersonal, verbal and written communication skills required
  • Excellent analytical, problem recognition, solution-focused with a proven ability to take initiative and embrace challenges required
  • Ability to translate financial concepts and effectively collaborate with fundraising colleagues
  • Demonstrated ability to prioritize competing demands, meet deadlines and work collegially in a team setting
  • Experience working with a board of directors, board finance and investment committees is an asset
  • Exceptional Excel skills and proficiency in Word, PowerPoint, and Outlook required

The successful candidate will be committed to working from an anti-oppression, feminist perspective. We encourage women from racialized and/or newcomer, gender diverse, 2SLGBTQIA+ First Nation, Métis and Inuit, immigrant, refugee and traditionally marginalized communities to apply.

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