Director, Finance & Donor Services

Job title: Director, Finance & Donor Services

Company:

Job description: Director, Finance & Donor Services
1 Full-Time Position
Women’s College Hospital Foundation

The Opportunity

Women’s College Hospital Foundation is seeking a detail and results oriented Director, Finance & Donor Services to join our high-performing Finance & Donor Services team.

About Women’s College Hospital Foundation

We are revolutionizing healthcare. Side by side with our donors, community members, staff and medical teams, Women’s College Hospital Foundation (WCHF) raises, manages and invests funds to support Women’s College Hospital in its mission to revolutionize healthcare to ensure a more equitable and sustainable system. WCHF donors contribute generously to help fund equipment, research, and innovative clinical programs that address the unique needs of women and their families while working to close critical health gaps within the system.

A values-driven organization, respect, caring, integrity and partnership are core to who we are and we believe that authenticity and accountability strengthens all that we do. Fueled by our Triple Aim of Philanthropy, Partnerships and People, our vision is to be the charity of choice for advancing health for women in Canada and health system solutions for all.

Learn more about WCHF, visit: / @wchf

About Women’s College Hospital

Women’s College Hospital (WCH) is Canada’s leading independent, academic, ambulatory care hospital with a primary focus on the health of women. Founded in 1883 by Dr. Emily Stowe – a suffragist and the first Canadian woman licensed to practice medicine in Canada – our Hospital has earned its distinguished reputation through hard work, commitment, and a pioneering spirit of innovation.

Today, our ongoing achievements and our dedication to improving healthcare are building on that admirable legacy of leading-edge care and unparalleled caring. WCH opened the Hospital of the Future – a new, $555 million, state-of-the-art fully ambulatory facility – in fall 2015.

The opening of our new facility amplified our position as one of the most ground-breaking institutions in the world focused on advancing the health of women and pioneering health system solutions that benefit all people.

WCH is home to one of the only hospital-based research institutes in the world focused on the health of women, and we are fully affiliated with the University of Toronto as one of Canada’s leading teaching hospitals.

Learn more about WCH, visit: / @WCHospital

The Role:

Reporting to the VP Operations & CFO, the Director is a hands-on and participative member of the Foundation team. The ideal candidate for this role is an individual who excels in the areas of finance, planning/budgeting, human resources, administration, and investments. With two direct reports, the Director leads by example, demonstrating a commitment to quality and innovation.

As an integral member of the management team, the Director supports the CFO by executing and managing all areas of the finance function. This includes budgeting, granting, financial reporting and investment accounting. The Director also ensures effective cash flow planning and manages the Foundation’s financial and human resource systems.

The Director is a key support for Board and Board Committees and performs other roles consistent with the position and cross functional responsibilities as requested.

The ideal candidate will be an authentic, collaborative and transparent team player. They will bring a combination of passion and commitment to equity in their work that supports our bold strategic vision to revolutionize healthcare for all.

Core Deliverables:

• Plan, implement and manage the finance and investment functions of the Foundation
• Lead the development and monitoring of operational budget
• Ensure the integrity of the Foundation’s financial and data resources
• Ensure compliance with all government regulations for reporting and receipting
• Consistently enact organizational values of respect, caring, integrity and partnership, supported by being authentic and accountable to yourself and your team

Accountabilities and Responsibilities including, but not limited to:

Financial Reporting

• Provide monthly reporting to CFO with variance analysis, projections, cash flow forecasts, as well as financial narrative reports outlining the status of the organization and any current and/or anticipated changes in financial position
• Prepare and present financial reports on donor restricted and endowed funds
• Ensure timely, accurate completion of all government and regulatory agency reports including preparation of the annual T3010 tax return
• Coordinate and lead the annual audit process acting as the main contact with external auditors

Financial Management

• Oversee the functions for cash receipts, hospital granting, accounts payable, accounts receivable, purchasing, donations processing and receipting
• Manage gifts of securities, in-kind donations and bequests
• Perform a monthly review of the sub-ledger of all Restricted & Endowed funds
• Monitor the cash positon of the organization, identifying both restricted and operating fund balances
• Liaise with Foundation bankers as needed
• Communicate with hospital partners with respect to funds available for specific projects
• File HST and other returns as required

Budgeting

• With the CFO, participate in annual budgeting and planning process which includes consolidation and review of financial plans and budgets with recommendations for revisions
• Participate in the preparation of the budget documentation that includes financial statements, numeric/graphical/chart analysis, and accompanying narrative

Investments

• Oversee reconciliation of investment manager source reports to internal financial statements
• Perform cash flow analysis to determine amount and timing of required redemptions

Financial Control & Risk Management

• Ensure the efficient and effective management of all financial functions
• Monitor internal controls and financial policies and procedures
• Lead Imagine Canada certification process
• Develop risk management plans and tools
• Ensure receipting complies with CRA guidelines
• Ensure grant requests comply with policy and donor restrictions
• Assess pledge status and collection risk with recommendations for early mitigation

Human Resources and Administration

• Maintain attendance records for the Foundation and provide reports as requested to the CFO
• Under the direction of the CFO, manage all payroll changes, submissions, tracking and reporting
• Direct, engage, and coach direct reports so they are empowered to fulfil their roles
• Provide formal appraisals of direct reports performance
• Work with direct reports to develop their annual work plans and performance objectives

Qualifications and Skills: * Chartered Professional Accountant designation (CPA) required. [Consideration will be given to individuals who are actively pursuing CPA designation]

• Minimum 5 years finance and accounting experience, including a minimum of 3 years in the not-for-profit or hospital sector
• Minimum 1 year of experience managing staff
• Thorough understanding of Fund accounting principles and Canadian accounting standards for not-for-profit organizations (ASNPO)
• Thorough understanding of CRA guidelines for charities, including receipting and preparation of T3010
• Exceptional Excel skills and proficiency in Word, PowerPoint, and Outlook required
• Advanced proficiency with Raisers’ Edge and QuickBooks an asset
• Previous experience supervising staff
• Strong verbal and written communication skills are required to enable Board and Committee level presentation and material development
• Exceptional service orientation and strong interpersonal skills required
• Excellent analytical, problem recognition and creative problem solving skills with a proven ability to take initiative and embrace challenges required
• Ability to translate financial concepts and effectively collaborate with fundraising colleagues
• Demonstrated ability to prioritize competing demands, meet deadlines and work collegially in a team setting
• Experience working with Board of Directors, and Board Committees is an asset

Salary Range: $95,000 – $115,000 + Bonus

Qualified applicants are invited to subit resume and cover letter by Monday February 8, 2021.

To submit your application, please and click on the “I am Interested” button at the bottom of the page.

We thank all applicants for their interest; we will contact only those applicants selected for further considerations. Please note that submissions will be reviewed on an ongoing basis, and therefore early submission is encouraged.

Women’s College Hospital Foundation is committed to fairness and equity in employment and our recruitment and selection practices. We encourage applications from Indigenous peoples, people with disabilities, members of sexual minority groups, members of racialized groups, women and any others who may contribute to the further diversification of our Foundation and Hospital community. Accommodation will be provided in all parts of the hiring process as required under our Access for People with Disabilities policy. Applicants need to make their requirements known in advance.

Expected salary: $95000 – 115000 per year

Location: Toronto, ON

Job date: Sat, 23 Jan 2021 05:50:28 GMT