DIRECTOR OF FINANCE
Full Time Position – 37.5 Hours/Week (Flexible)
Client & Family-Centred Care Is At The Heart of Everything We Do At Lumacare! Lumacare believes Client and Family-Centred Care is based on a philosophy of care, treatment and support that empowers Clients to be active and knowledgeable partners in their health care. Whether you join Lumacare in a client facing role, in a leadership capacity, or in a support position, it is essential that every member of our team is passionate about promoting and protecting Client and Family-Centred Care.
What Can You Expect To Do In This Role?
Reporting to the Executive Director, the incumbent oversees and manages the finance and analyst team, providing direct leadership with all financial operations including account receivables, database management, and financial analysis.
As a member of the Leadership Team and the financial lead for the organization, the incumbent establishes and uploads financial policies and best practices for the agency, drives continuous improvement within the finance department, and is an active participant in the Agency’s strategic and operating planning process. This role has potential evening/weekend work.
Key Accountabilities In This Role
- Overseeing the organization’s accounting and financial reporting process including developing, implementing and monitoring adherence to internal controls and financial policies and procedures on all aspects of the financial management of the agency.
- Leading, managing, and monitoring the contributions and effectiveness of the Finance Team; inspiring a performance-based culture aligned with Lumacare’s values.
Budgeting and Financial Management:
- Providing financial administration and operational support including financial planning and forecasting, monitoring of revenues and expenses, reviewing operating statements and general ledger accounts, and preparing various internal and external reports.
- Overseeing monitoring the agency payroll administration, reviewing bi-weekly payroll for any discrepancies and ensuring employees are paid accurately and on time.
- Overseeing the annual operating budget process and producing a final budget for the entire organization, managing variance reporting and financial management.
- Supporting agency planning and grant applications.
- Managing the acquisition of capital assets, and ensuring the assets are properly recorded, amortized and disposed as appropriate.
- Oversees the administration of donation and billing processes to clients.
- Leads and directs the efforts of the Agency Data and Application Administrator, providing statistical data and analysis to the agency as required.
- Ensuring compliance and timely reporting of regulatory requirements related to Ontario Healthcare Reporting Standards; preparing and submitting quarterly reports, annual funding submissions and funding reports to the Central LHIN, Ministry of Health and Long Term Care, City of Toronto, United Way, Human Resource Development Canada and the Board of Director’s Finance committee, as required.
- Reviews statistical reporting and interprets the reports for all Directors and Managers so they can improve deliverables.
- Works as the staff representative reporting for the Board finance and audit committees.
Audit Preparation and Management
- Driving and directing all aspects of the audit preparation and management, including attending pre and post Audit Committee meetings and following up on auditor queries.
- Oversees finance following best practices in how finances are administered and monitored, resulting in success in the annual audit process.
- Collaborate and participate as a member of the Leadership team in agency planning, decision making and leadership.
What We’re Looking For:
- University Degree in Finance or Accounting. CPA designation in good standing required.
- Five (5) years of overseeing the Finance Department of a not-for-profit agency, with a demonstrated track record of understanding and delivering to funder requirements.
- Excellent knowledge of Generally Accepted Accounting Principles and practices.
- Experience with various government reporting and legislation.
- Working experience with Board of Directors structure.
- Requires thorough knowledge of audit procedures and risk management.
- Ability to think strategically and operationalize plans.
- Knowledge of employment standards, Pay Equity legislation, and the Income Tax Act.
- High level of organizational, analytical, and problem solving skills.
- Proven ability to lead and motivate staff effectively.
- Strong written and oral communication and presentation skills.
- High level of computer literacy skills including MS Office and accounting software; experience with GP Dynamics, HRIS Quadrant and CIMS is preferable.
- Excellent interpersonal skills and capable of working effectively under pressure of deadlines and competing priorities.
- Understanding of M-SAA requirements including related MOHLTC Policies and Agreements is preferred.
- A Valid Ontario Driver’s License and access to a vehicle.
Lumacare is a fully accredited agency committed to equity in employment. Our goal is a diverse and inclusive workforce that reflects the communities we serve. We strongly encourage applications from women and men, people from racialized communities, visible minorities, persons with disabilities, aboriginal persons and people who identify themselves as LGBT. We seek to attract and retain individuals who will work together to create and sustain a vibrant, healthy, safe and caring community.
Notice to Candidates – you will be contacted if you are selected for an interview. In accordance with the Accessibility for Ontarians with Disabilities Act (AODA), Lumacare will provide accommodation, accessible formats, and communication supports for the interview upon request.