Our client is an established organization with a long and creditable reputation in its industry. It is a publicly funded organization and generates annual revenues of less than $100M. Its budget processes are complex as it receives its funding from public sources, fundraising, and investments as well as services. It is headquartered in downtown Toronto. The finance team is small, between 5-10 professionals. The organization presents its audited statements to a Board of Directors annually.
A strategic finance leadership role designed to manage change and have an impact.
This is an opportunity to lead the financial operations of a growing organization, exercise nimbleness, and have your actions make changes that will impact the organization and the people in which it serves.
This role has a simple mission providing financial leadership of the organization but driving several strategic projects. These projects could be capital projects and a variety of automation projects as the organization moves away from a very manually driven process. Understanding that finance impacts everyone in the organization, this role will play a critical role in the implementation of these projects and will ensure proper key stakeholder communication and involvement.
It is expected that the Chief Finance Officer will accomplish the following in the first year
- Assess the current complex budgeting process and build a robust, transparent, and simplified budgeting process supported by a clearly defined financial planning & accounting strategy that is scalable for the institution’s future.
- Evaluate, automate, and streamline the expense reimbursement process.
- Move the organization away from the manual signing of cheques to a more efficient and cost-effective process.
- Access the financial reporting process and simplify it for all the end-users.
- Evaluate the current finance team to ensure that staff is properly engaged, motivated, and can fully assist in delivering the mandate.
- Evaluate the organization’s procurement policy to have social procurement a key element and develop a clear plan of action on how to identify and recognize which organizations in the community to engage and the criteria to use.
- Present to the Board of Directors clearly and knowledgeably the work that is being done.
- Establish clear communication with various key stakeholders in the organization to ensure that any major changes are understood and that alignment is achieved. 9.Have a clear and accurate understanding of the financials to see the white space
The Ideal Candidate
Will be someone who has experience in working in a publicly funded organization and have will have excelled within the finance function of a similar size. They will have experience managing and leading finance professionals and are keen to take on a new challenge of implementing change and simplifying a finance operation mandate. This could be someone who is currently limited in their career options and is looking to take the next step in their career to entirely lead finance or someone who is currently the head of a smaller finance operation looking to stretch their skill sets and take on more responsibility.
The best candidate will be someone who can speak with inspiration and passion for the business and the role they play in the business. He/She will be capable of implementing new automated systems, tools, and processes and have direct or indirect experience related to capital projects. The successful candidate must have implacable presentation skills, excellent attention to detail, a strong leader with an adaptable, innovative mindset, and a great team player. Most importantly, he/she will have exceptional interpersonal skills.
The ideal candidate will have an exceptional track record of experience in taking ownership and accountability in delivering budget and project plans to the team in a strategic manner. This leader will help strategically build the institution over the coming years through implementing a tactical budget plan and extensive project planning. The ideal candidate will have successfully led a team or division of two or more people through change and have clear examples of building “A” teams without sacrificing culture. He/She must be a decisive leader; an individual who can think quickly and pivot when required. They make decisions sooner, faster, and with great conviction and are comfortable doing so even amid ambiguity, incomplete information, and unfamiliar domains. As a result, the ideal candidate will have examples and experience in which they have engaged—making those decisive decisions while at the same time communicating a clear course for the business.
Finally, the ideal candidate will have an entrepreneurial spirit and will know how to adapt proactively and have a growth mindset. He/She will be able to offer matter-of-fact root cause corrective action of where and why they had come up short and give specific examples of how they tweaked their approach to achieve the results next time.
Candidates must have the following experience to be considered:
- A track record building simplicity and efficiency in finance operations.
- Strong presentation skills.
- Strategic project management skills.
- Strong finance leadership skills, building and developing a high performing team.
- Accounting designation, CA, CPA.
- Experience in working for a publicly funded institution.
If you would like to be considered for the role, please apply.