Director of Finance
Cambridge Memorial Hospital Foundation (CMHF) currently seeks a Director of Finance that is a committed and performance oriented professional to provide support for our fundraising initiatives.
Cambridge Memorial Hospital Foundation is a dynamic team of caring and dedicated staff working to champion investment in local healthcare at Cambridge Memorial Hospital (CMH). Ensuring we can recruit, retain, and support our committed and high-performing staff team is critical to our ability to accomplish that mission. Collectively, we believe in resourcefulness, innovation and creativity, patience, and hard work.
Position Summary
The Director of Finance is responsible for the planning, controlling, reporting, and measuring of all financial information and assets of the Cambridge Memorial Hospital Foundation (CMHF) in-line with the organization’s strategic plan and in support of Cambridge Memorial Hospital’s (CMH) capital needs.
This role will have overall responsibility for the preparation of monthly, quarterly, and annual financial statements, management reporting and other ad-hoc report creation in support of the organization’s Strategic Plan. The Director of Finance will report and work closely with the CMHF CEO, Finance Committee, and the Board of Directors to ensure all financial policies, controls and processes are successfully implemented and adhered to. This role will serve as the conduit of all financial performance measurement to the organization’s stakeholders and as such will be expected to operate the finance functions with a hands-on, collaborative mindset.
The Director of Finance will ensure that all reporting and business practices adhere to Canadian GAAP for not- for-profit entities and with CRA guidelines for registered charities.
Responsibilities
- Preparation, maintenance and presentation of annual budgets and period forecasts, in collaboration with CMHF staff
- Preparation and maintenance of monthly financial statements including all necessary continuity schedules
- Presentation of financial results to the Finance Committee and the Board of Directors
- Develop a culture of financial accountability and strategic, budget-conscious decision-making
- Making recommendations to the Finance Committee regarding policies, reporting, Chart of Account design and any other suggestions to improve the effectiveness of the organization and its reporting
- Oversee and assist (where needed) in the posting of revenues, expenses, journal entries and/or periodic reconciliations
- Implement processes that align with the financial policies and controls to ensure adherence and consistency across all finance tasks
- Oversee CMHF compensation structure, payroll, benefits and defined contribution plan
- Manage relationships with external parties such as banks, investment advisors, legal counsel, auditors, consultants and other suppliers
- Responsible for compliance with CRA guidelines on all tax and reporting matters including the preparation of T3010 charity returns and any other necessary government remittances
- Manage contracts and corporate insurance policies with input from the CEO
- Oversight of estate giving documentation and transactions working with donors’ advisors when necessary
- Work closely with CMHF CEO and CMH Finance team for planning and transfer of donor funds to CMH
- Management of endowment revenue, expenses, and disbursements in accordance with CMHF policies
- Support major donor stewardship activities by providing automated and customized fund updates and information on revenue transfers, purchases, or other information to demonstrate donor impact
- Oversee and encourage development of the database/staff.
Competencies
- College/University degree in business, accounting, or a related field
- CPA designation or commensurate work experience preferred
- 5+ years of progressive accounting experience, including experience leading a Finance team
- Demonstrated understanding of accounting principles for not-for-profits and fund accounting
- Demonstrated experience preparing full cycle financial statements and management reporting
- Experience reporting to a Board of Directors/Finance Committee
- Experience with Blackbaud Financial Edge NXT and Blackbaud Raiser’s Edge NXT would be an asset/preferred
- Experience working with not-for-profit entities
- Experience with or understanding of CRA guidelines for charities
- Experience working with multiple stakeholders in a diverse, creative and results driven organization
- Highly analytical and attentive to detail with a strong sense of urgency and a progressive approach to technology adoption and process improvement
- Understand fund parameters and donor designation/restriction rules through fund accounting principals an asset
Other preferred attributes
- Excellent communication skills both oral and written and a level of comfort in delivering (presenting) complex information to a group of diverse stakeholders
- Possess a positive energy, optimism and belief in CMHF’s mission
- Excellent project management skills
Salary
A competitive compensation package including base salary, benefits including HOOPP and paid vacation, will be provided. The target hiring range for this position is $90,000 – $105,000. CMHF reviews and increases compensation annually based on performance, and the full salary range is $90,000 – $120,000.
Click here for full job description.
Interested applicants are to submit their cover letter and resume to Cherylynn Lumasag via e-mail: [email protected] by February 7, 2025. Applicants can also apply online via LinkedIn or Charity Village.
We thank all applicants for their interest, however only those selected for interviews will be contacted.