Objective:
To plan, organize, direct, and evaluate the financial operations of government funded programs. To ensure adherence to funder reporting and program specific agreements.
Key Deliverables:
- Support the Finance Director in developing and implementing financial policies and procedures.
- Support the Finance Director in establishing performance standards.
- Improving the operational efficiency through effective implementation, maintenance and use of financial systems and software;
- Ensuring OFIFC’s compliance with accounting activities and internal audits with financial regulations.
Key Responsibilities:
Program Specific Financial Operations (65%):
- Oversee the operation of the program-focused financial team in day-to-day processes
- With Finance and Program Directors; develop budgets, financial projections, and/or forecasts for programming budgets;
- Ensure adherence to funder financial policies, contracts, agreements and organizational procedures
- Oversee preparation of program-specific financial reports for submission to funders
- Report to Finance and Program Directors any trends that are critical to the organization's financial performance.
- Supervise the development and implementation of program financial simulation models
- Prepares presentations as needed
- Reviews and manages internal program funding systems, controls, processes, and procedures to ensure the integrity, accuracy, compliance, and usefulness of information and reporting;
- Provide analysis and recommendations to support decision-making processes.
- Develop and maintain financial models to support financial planning and decision-making with program Directors.
- Analyze large volumes of data to identify trends, performance, opportunities, and risks.
- Provide leadership and guidance to team members, ensuring high-quality output.
Team Management (10%):
- Assist in training new hires for Financial Analyst and Senior Financial Analyst positions
- Builds capacity and capability within the work group by training, mentoring and coaching direct reports
- Delegating work effectively and holding the staff and self-accountable for outcomes.
Core Operations (5%):
- Accountable for database financial integrity
- Establish tools, and processes to effectively analyse true cost of Programs
- Collaborate and Support Program Budget Authority on an ongoing basis with funder financial negotiations, attend monthly program budget meetings.
- Provide historical data and cost projections, recommend future budget amendments
General (15%):
- Ensure that finance processes that impact program funding and expenses are continuously improved in terms of efficiency, transparency, and overall effectiveness.
- Assist in establishing and recommending updates to financial policies, procedures, and processes.
- Surveys organisational operations to ascertain accounting needs and develops and recommends solutions to business and financial challenges.
- Develops and maintains Process Manual and appropriate tools, forms, and mechanisms for funder reporting and activities.
- Provides direct support in financial review and/or inquiries by Government funders and OFIFC staff.
- Provides input to OFIFC delivered trainings and workshops with respect to financial activities that support program funding.
Audit (5%):
- Works with Finance Director on Audit tasks including compiling supporting documentation, reconciling balance sheet, revenue and expense schedules
- Prepare and participate in specific program audits,
- Ensure compliance to internal controls and accounting standards
Education/Work Experience:
- Completed bachelor's degree in business administration, commerce or a related field is required.
- Recognized accounting designation (CPA, CA, CPA, CMA or CPA, CGA) is an asset.
- Minimum 5 years of experience in finance including 3 years in team management level
- Minimum 5 years experience with corporate governance in a not-for-profit, preferably within an indigenous organization.
Behavioural Competencies:
- Teamwork and collaboration skills
- Strategic, analytical, and critical thinking
- Problem-solving and decision making
- Integrity and credibility
- Critical thinking, investigative and observational skills
Technical Competencies:
- Advanced knowledge of Accounting Standards for not-for-profit organizations (ASNPO)
- Strong knowledge of related federal and provincial laws and regulations.
- Proficiency in platform-based accounting software and data analysis software.
- Experience developing and delivering financial reports using key performance measures to drive outcome-focused decisions.
What we offer:
- Culture-based organization
- Registered Pension Plan - Employer Matching
- Hiring Range: $97,000 - $102,335
- Full Pay Range: $97,000 - $118,000
- Comprehensive Health benefits after the probationary period including Health Care Spending Account & Lifestyle Spending Account (100% Employer paid)
The OFIFC is committed to building a skilled and diverse workforce; we promote employment equity and encourage applicants to indicate if you belong to one of the four designated employment equity groups Women, Indigenous peoples, Persons with disabilities, or Members of visible minorities when you apply.
Preference will be given to qualified Turtle Island Indigenous people including members of First Nations, Inuit and Métis (recognized by the Metis National Council). Applicants claiming Indigenous ancestry will be required to provide supporting documentation to substantiate their claim.
Accommodation:
The OFIFC is committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act (AODA). Should you require Code-protected accommodation through any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs.
Candidates who participate in an interview will be informed of the outcome of their candidacy within 45 days following their final interview.
OFIFC does not use artificial intelligence or automated decision-making tools in the screening or selection of candidates for this position.
