Director of Finance (Full-time, Permanent)

hybrid
Toronto, ON, Canada .
full-time . September 20, 2024

Description

Director of Finance (Full-time, Permanent)

Location: Our office is located in Toronto, Ontario. This position can be located anywhere in the Greater Toronto Area with flexible / hybrid work arrangements available.

Reports to: Chief Operations Officer

Hiring Range: $110,000 - $125,000 annually, including a comprehensive benefits plan, pension plan, 3 weeks paid vacation, increasing to 4 weeks paid vacation in your second year of employment, a December break (usually a week) to recharge, wellness days, access to an Employee Assistance Program and professional development opportunities

Job Posting Closing Date: Open until the role is filled.

About us:

At the heart of Community Food Centre Canada’s work is the belief that food is a basic right. We bring people together around good food so communities can thrive. With more than 400 partners across the country, we build inclusive, culturally responsive Community Food Centres, share knowledge, create health-focused programs, and advocate for equitable policy change.

At Community Food Centres Canada (CFCC), we work on behalf of good food for all. Our collective approach at CFCC is founded on dignity and respect, equity and empathy. These values are core to our mission and outlined in our Good Food Principles.

CFCC is strongly committed to equity and inclusion within its community. We especially welcome applications from members of racialized groups, Indigenous peoples, persons with disabilities, persons of diverse sexual orientations and gender identities and others with the skills and knowledge to productively engage with diverse communities. We are committed to an equitable and inclusive selection process and work environment.

We welcome candidates to speak about how their experience has demonstrated a commitment to Equity, Inclusion, Reconciliation and Anti-Oppression.

About the position:

The Director of Finance is a key leadership role responsible for ensuring the financial leadership, sustainability, integrity, and compliance of Community Food Centres Canada. Working closely with the COO, Senior Leadership Team (SLT), the Board of Directors, Senior Management Team (SMT), finance team and other cross functional staff members, the Director of Finance will build a culture of fiscal responsibility and accountability, mitigate financial and legal risks, ensure compliance with legislative requirements and safeguard the organization’s assets. This role is responsible for strategic financial leadership, including developing and reporting on fiscal strategic objectives and related goals within the strategic plan. The Director of Finance oversees the development and implementation of financial policies, procedures, and risk management tools, ensuring that all financial operations align with the organization’s vision, mission, values, and strategic goals.

Key Responsibilities:

Financial Leadership

Collaborate with the COO, SLT, SMT, and the finance team to foster a culture of fiscal sustainability and accountability across the organization
Develop and report on finance strategic objectives and related goals within the strategic plan
Develop and update the annual and multi-year financial plan for the organization including budget, financial goals and associated ratios and key performance indicators, reserve and treasury strategies, and proactively identify, assess, and mitigate financial and legal risks to the organization
Assist and act as an advisor to the Senior Leadership Team, including the COO and CEO with strategic business decisions.

Budgeting and Financial Reporting

Develop multi-year budgets using true cost accounting, forecast projections and analysis, including scenario planning and analysis of each revenue source
Lead the development of the organization’s annual operating budget and forecast preparation
Manage capital and operating reserves
Support SLT and SMT with their preparation of budgets under their authority
Develop an analysis of programs that are break-even or deficit to support revenue targets
Develop and implement cash flow analysis procedures, and forecasting to strengthen cash flow management
Oversee cash and credit management, banking relationships, including investments, and securities
Review and manage capital and operating reserves
Ensure timely and accurate monthly and quarterly internal financial reporting and analysis to support informed decision-making by the SLT and Board of Directors.
Responsible for drafting quarterly financial narrative reports including a summary analysis and actions required

Internal Controls and Risk Management

Safeguard the organization’s assets by implementing and maintaining robust internal controls and procedures across all relevant areas
Responsible for the development, review, and updating of financial policies and internal controls
Monitor for adherence of policies and internal controls across the organization.

Audit and Compliance

Oversee the annual audit process, serving as the primary liaison with the organization’s external audit firm and the Finance and Audit Committee of the Board
Prepare or approve the working papers required by the Auditor
Ensure accurate and timely filing of the T3010 form and other regulatory requirements.
Maintain full compliance with the Canada Revenue Agency (CRA) requirements, the Income Tax Act, and Payment Card Industry Data Security Standards (PCI).
Ensure timely submission of required payroll deductions

Digital Transformation, Finance and Accounting Systems

Responsible for updating, selecting, and safeguarding the finance and accounting systems in alignment with organizational digital transformation strategy
Leverage technology to continue to streamline accounting, bookkeeping, and finance functions to support improved financial analysis and to support data driven decision making.

Cross functional Collaboration & Support

Collaborate with the Programs and and Development departments to meet the financial requirements of grants and funding agreements
Provide financial expertise and guidance to support program delivery and fund development initiatives
Oversee payroll function and support Human Resources with employment related matters
Support the Development team with fundraising plans and review of the capital project.

Board Liaison and Governance Support

Working closely with the COO and the CEO, support the stewardship of the Board of Directors to ensure the board is meeting its governance and fiduciary duties
Support the annual work plan for the Board and its committees, including the Finance and Audit Committee
Prepare and distribute materials for board meetings, ensuring timely and accurate minuting of all Board and committee meetings
Collaborate with the Senior Leadership Team to follow-up on action items.

Qualifications & Skills:

Minimum of 5 years of experience in financial management and leadership, preferably in a not-for-profit organization.
Bachelor’s degree in Finance, Accounting, or a related field; CPA designation preferred.
Experience working for a fundraising and grant making organization will be an asset.
Strong knowledge of CRA regulations, the Income Tax Act, and PCI compliance.
Proven experience in budgeting, financial reporting, and audit processes.
Demonstrated ability to implement and maintain effective internal controls and financial policies.
Excellent leadership, communication, and interpersonal skills.
Ability to communicate financial and budget concepts effectively and collaborate with other non-financial teams.
Ability to work collaboratively with diverse teams and external collaborators.
Strong analytical and problem-solving skills.
Ability to lead, inspire, guide, motivate, develop and retain high-performing and diverse teams, with a vision for department change, growth and future needs.
Passionate about working in an organization that values and promotes diversity, equity, inclusion and that strives to work from an anti-racism and anti-oppression framework
Strong emotional intelligence and maturity in managing people, vendors, and projects
Superior judgment and discernment when navigating complex, intersectional issues - from interpersonal to organizational to external

Organizational Competencies:

Thinks analytically and from a systems perspective: Strong analytical skills and the ability to connect the dots across the organization to leverage opportunities and integrations.
Has an open and positive mindset: Is solutions-oriented and approaches challenges and opportunities with an open and positive mindset.
Committed to equity and inclusion: Experience and commitment to working in an organization that values and embeds Equity, Inclusion, Reconciliation and Anti Oppression/Access into its organizational culture, policies and practices. Demonstrated through continuous development, modeling inclusive behaviors, and proactively managing bias
Seeks continuous learning and improvement: Consistently seeks to strengthen individual, team and organizational learning, through both professional development and attuning to change and innovation within the specific field of the role.
Inspires courage & innovation: Models and enables creative thinking, curiosity, and calculated risk taking to create, suggest, and inspire new solutions.
Cultivates strong relationships: Builds strong and trusting relationships and brings a community-centric mindset and focus to all elements of the organization.
Drives operational excellence: Leverages organizational insights, financial acumen, and operational rigor to maximize productivity and build long-term, sustainable success.
Contributes to leadership & culture: Brings authenticity, emotional intelligence and accountability to help develop leadership effectiveness in individuals, teams, and organizational culture.
Values alignment: Align with CFCC values and contribute to the evolution of our culture, and a work environment that is grounded in equity, courage, integrity and that is relationship-focused.

Why work for us?

We offer:

➔ Comprehensive benefits package including extended health, dental, life insurance, short and long-term disability insurance, membership in a defined benefit pension plan, 15 paid vacation days in your first year, increasing to 20 paid vacation days in your second year of employment, a December break (usually a week) to recharge, wellness days, access to an Employee Assistance Program and professional development opportunities

➔ a culture of mutual support where staff are committed to creating an equitable and inclusive Canada

➔ an opportunity to be part of a movement building health, belonging and social justice in low-income communities across Canada through the power of food

How to apply:

To apply, please scroll up and click Apply Now. Please attach your resume and cover letter. In your cover letter, please share what you think makes you an ideal candidate for this role. Only those applicants being considered will be contacted. If you require any accommodations or technical support, please email work@cfccanada.ca (please do not email your application to this email). Thank you for your interest in CFCC.

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