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director, finance

Title posted on indeed.com - Director of Finance

Posted on December 19, 2024 by Employer details First Work

Job details

*Job Opportunity ? Director of Finance* First Work is Ontario?s workforce development network and association group for Employment Service Providers, advocating for this sector?s practitioners and the jobseekers they serve, especially youth and newcomers. Our 100+ member network convenes to share best practices in the space, advance evidence-based policy recommendations, and identify training needs to best serve jobseekers. Our Province-wide lens into local economies enables dual-customer (jobseeker and employer), community solutions to labour challenges. Our direct engagement with jobseekers, employers, and policy-makers enables robust collaboration opportunities for stakeholders unified in a commitment to transforming Ontario?s workforce. *The Opportunity: * First Work is looking for an individual to take on the role of Director of Finance. This role reports to the Executive Director. The primary responsibility is to ensure organizational effectiveness by providing leadership for the organization?s financial functions. In collaboration with the Executive Director, the Director of Finance will manage the organization?s?finances, and help and create organizational and program budgets. The Director of Finance will lead the Finance team and drive performance, while maintaining consistency in messaging and reinforcing the organization?s brand and reputation. This role will also serve as a member of the Management Team and will contribute to the development and implementation of organizational strategies, policies and practices. This position will also interact with the Board of Directors. The successful applicant will demonstrate sound judgment, be flexible and willing to learn and adapt to different work assignments in a team setting. *Tasks and Responsibilities * *1. Financial Management * * Review accounts, financial statements, and coding to ensure accuracy and efficiency. * Provide financial analysis and recommendations to the Executive Director and Board of Directors to support strategic decision-making. * Ensure accurate forecasting and alignment with short- and long-term financial goals. * Lead the preparation, approval, and monitoring of annual operating and capital budgets. * Prepare and control budgets to assist the Management Team in effective budget holding. * Monitor and analyze budget performance, identifying variances and recommending corrective actions. * Manage cash flow to ensure operational efficiency. * Oversee investments in accordance with organizational policies and risk tolerance. * Control inventory. * Oversee the implementation and optimization of financial systems and software. * Ensure accurate data management and reporting through technology tools. * Ensure accurate and timely financial reporting to senior management and stakeholders. * Provide financial training and support to non-financial staff and stakeholders. *2. Financial Reporting and Analysis * * Produce monthly account summaries, including cash flow, for the management team to monitor ongoing projects. * Prepare quarterly financial statements for presentation to the Finance Committee. * Oversee the preparation of timely and accurate financial reports for internal and external stakeholders. * Consolidate accounts, prepare year-end financial statements, and audit files. * Coordinate and liaise with external auditors during annual audits. * Implement and maintain internal controls to safeguard company assets. * Ensure compliance with Canadian accounting standards, tax laws, and Ontario-specific regulations. * Oversee tax filings and ensure timely compliance with all reporting requirements. * Manage grant funding to ensure compliance with reporting requirements and budget allocations. * Develop financial models and proposals to support funding applications. * Conduct financial analysis to support business decisions. * Analyze financial performance to identify areas for improvement. * Evaluate investment opportunities and provide recom