Job Purpose

The Head of Finance contributes to the overall success of the organization by effectively managing all financial tasks for the organization.

Primary Duties and Responsibilities:

The Head of Finance performs a wide range of duties including some or all of the following:

Financial accounting and reporting

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

Prepare all supporting information for the annual audit and liaise with the Board's Audit Committee and the external auditors as necessary

Document and maintain complete and accurate supporting information for all financial transactions

Develop and maintain financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and petty cash

Reconcile bank and investment accounts

Review monthly results and implement monthly variance reporting

Manage the cash flow and prepare cash flow forecasts in accordance with policy

Oversee the bookkeeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll

Develop and implement policies and procedures to ensure that personnel and financial information is secure and stored in compliance with current legislation

Manage the acquisition of capital assets and ensure that assets are properly recorded, amortized, and disposed of as appropriate

Prepare annual charitable return in a timely manner as appropriate

Liaise with the Treasurer, Finance Committee and/or Audit Committee as appropriate

Assist with financial reporting as required at Board meeting and the Annual General Meetings

Process and submit statutory and benefits remittances on time

Budget preparation

Education:

ICAI

Chartered Accountant, Certified General Accountant, or Certified Management Accountant designation is an asset.

Knowledge, skills and abilities

Knowledge of generally accepted accounting principles

The Head of Finance should demonstrate competence in some or all of the following:

Behave Ethically: Understand ethical behaviour and business practices and ensure own behaviour and the behaviour of others is consistent with these standards and aligns with the values of the organization

Build Relationships: Establish and maintain positive working relationships with others both internally and externally to achieve the goals of the organization.

Communicate Effectively: Speak, listen and write in a clear, thorough and timely manner using appropriate and effective communication tools and techniques.

Foster Teamwork: Work cooperatively and effectively with others to set goals, resolve problem, and make decisions that enhance organizational effectiveness.

Lead: Positively influence others to achieve results that are in the best interest of the organization.

Make Decisions: Assess situations to determine the importance, urgency and risks, and make clear decisions which are timely and in the best interests of the organization

Organize: Set priorities, develop a work schedule, monitor progress towards goals, and track details, data, information and activities.

Plan: Determine strategies to move the organization forward, set goals, create and implement actions plans, and evaluate the process and results.

Solve Problems: Assess problem situations to identify causes, gather and process relevant information, generate possible solutions, and make recommendations and/or resolve the problem.

Experience:

3 to 5 years of progressive financial responsibility

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