Director of Finance

  • Full Time
  • Anywhere
  • Apr 28, 2024

Compassion Canada

Compassion Canada

Director of Finance

Department: Finance (within Business Services division)

Location: Ideal Candidate is available for 1-2 days per week in the London, Ontario office, and 3-4 days per week remote work. Fully Remote Candidates will be considered.

Salary: TBD + Benefits

 

To apply for this role, please visit our website at Work at Compassion – Compassion Canada.

Due date for applications: April 28, 2024

Please note, we will accommodate the needs of persons with disabilities in our hiring process. Should you require an accommodation during the hiring process or for this application, please contact Compassion Canada via email at accessibility@compassion.ca or call People & Culture (Human Resources) at 519-668-0224.

 

SUMMARY

The Director of Finance is a key leadership position within Compassion Canada that contributes to the strategic financial stability and viability of Compassion’s objectives, to advance the mission. Reporting to the Chief Financial Officer (CFO), this position oversees the financial and accounting teams and functions, ensuring compliance with charitable regulations, transparency, accuracy, and responsible stewardship of resources. Handling highly sensitive and confidential employee and organizational information is a key component of this position.

 

MINISTRY FOCUS

Compassion Canada is a Christian organization, committed to being child-focused, Christ-centered, and church driven. As such, each employee of Compassion Canada shall:

  • Agree with Compassion Canada’s core documents, including a Statement of Faith.
  • Conduct themselves in a Christ-like manner at work and outside the workplace.
  • Participate in regular Staff Gatherings which include spiritual practices like worship, Scripture reading, and prayer.
  • Pray with staff or supporters when requested or deemed appropriate.
     

TASKS & RESPONSIBILITIES

Financial Planning and Analysis (FP&A):

  • Develop and implement financial planning and forecasting processes.
  • Analyze financial data and trends to provide insights and support strategic data-driven decision-making.
  • Prepare financial reports for Executive Leadership Team and external stakeholders, including the Board and donors/supporters.

Budgeting and Forecasting:

  • Lead the organizational budgeting process and collaborate with Directors to establish financial targets.
  • Train budget owners in budget processes, tools and provide ongoing support.
  • Monitor budget performance and recommend corrective actions as needed.
  • Conduct financial forecasting to anticipate future financial needs and trends.

Accounting and Financial Reporting:

  • Oversee day-to-day accounting functions, including but not limited to purchasing, income processing, general ledger and stewardship activities of Compassion.
  • Ensure timely and accurate preparation of financial statements in compliance with accounting principles (GAAP for NPOs).
  • Manage the external audit process and liaise with auditors.

Payroll and Compliance:

  • Ensure the payroll function is carried out in an accurate and timely manner, including staff enrollments into Group pension plan, benefits, departures, and any other changes.
  • Ensure accurate and timely regulatory filings, reporting and disbursements for benefits and pension.

Internal Controls and Compliance:

  • Establish and maintain internal controls and risk management procedures to safeguard company assets ensuring transparency, accountability, and good financial governance.
  • Ensure compliance with financial regulations and reporting requirements, including charitable reporting and taxation requirements.
  • Develop, implement and monitor accounting policies and procedures.

Cash Management:

  • Manage cash flow and liquidity to meet operational needs.
  • Implement effective treasury management strategies.
  • Optimize working capital to maximize financial efficiency.

Strategic Financial Leadership:

  • Provide financial guidance and support to the Executive Leadership Team.
  • Participate in strategic planning and decision-making processes.
  • Contribute to the development and execution of the organization’s financial strategy.

Team Leadership and Development:

  • Build and lead a healthy and high-performing Department; accounting team and income-processing (donation-entry) teams, including direct and indirect reports.
         · Includes direct supervision of the Income Processing Manager who manages a team that is responsible for proper and timely accounting for donations to meet donor expectations – confidential, proper classification & accurate recording of donations and other income.
  • Foster a culture of collaboration, innovation, and continuous improvement.
  • Provide coaching, mentorship and professional development opportunities for team members.

Other:

  • Business risk management, working closely with the CFO.
  • Quarterly Management & Discussion Analysis (MD&A) reporting for the Board of Directors.
  • Perform other related duties and tasks as required to meet the Divisional and Organizational operations’ needs.
     

KNOWLEDGE, SKILLS, ABILITIES

  • Considerable experience in finance and business management.
  • Exceptional attention to detail with strength in accuracy and managing and reporting complex data.
  • Demonstrated capacity to collaborate with cross functional teams on multiple projects simultaneously.
  • Excellent written and verbal communication skills with capability to interact with all levels within the organization.
  • Highly technical problem solving, analytical and information management skills.
  • Proficiency in Microsoft Excel and various accounting software.
  • Ability to train others in financial management and budgetary controls.
  • Self-directed learner, continually developing their craft and skills, maintaining up-to-date trends and data related to area of responsibility.
  • Fully aligned with the message, mission, and ministry strategy.
     

EXPERIENCE & EXPERIENCE REQUIRED

  • CPA Designation and post-secondary education in business/finance/accounting required.
  • Minimum five (5) years senior leadership experience in accounting or finance.
  • Experience in the charitable sector considered an asset.
  • Experience creating and managing external and internal stakeholder relationships.
  • Continuous learning credentials in area of expertise is an asset.
     

INITIATIVE REQUIRED

To be self-motivated, proactive, disciplined, and able to work with a minimum of supervision.

 

NOTE

The foregoing statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills.

To apply for this job please visit www.compassion.ca.