Tri-County Mennonite Homes

Chief Financial Officer

CA-ON-New Hamburg
1 month ago(12/22/2017 3:11 PM)
ID
2017-1120
# of Openings
1
Category
Management

Overview

Tri-County Mennonite Homes (TCMH) is a not-for-profit service agency, located in New Hamburg, Ontario, that has provided leadership in service to seniors and developmentally disabled individuals for over 40 years. TCMH is the corporate office that manages three divisions. Greenwood Court, in Stratford, and Nithview Community, in New Hamburg provide residential and health care support for seniors, while Aldaview Services provides support to adults with developmental disabilities.

 

The Chief Financial officer (CFO) is responsible for all financial matters of Tri-County Mennonite Homes (TCMH) and its divisions.  The CFO will report to and work closely with the Chief Executive Officer (CEO). In addition, she or he will partner with the senior leadership and the board of directors to develop and implement strategies across the organization.

 

She or he must be able to adapt to a continually evolving environment and thrive in an autonomous and deadline-oriented workplace.  This will include leading the financial analysis and financial planning for major redevelopment and expansion projects for TCMH’s divisions.

Responsibilities

Finance

  • Oversee cash flow planning and ensure availability of funds as needed.
  • Oversee cash, investment, and asset management.
  • Oversee financing strategies and activities, as well as banking relationships.
  • Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization’s operations and business plans.
  • Develop budgets for capital projects and provide the CEO and board ROI analyses and appropriate strategies for interim and long-term financing.
  • Oversee internal and external audits

Planning, Policy, and Investor Relations

  • Coordinate the development and monitoring of budgets.
  • Develop financial business plans and forecasts.
  • Participate in corporate policy development as a member of the senior management team.
  • In consultation with the finance and audit committee of the board of directors, lead the development of short-, medium, and long-term financial plans and projections.
  • Represent the company to financial partners, including financial institutions, investors, auditors, public officials, etc.
  • Remain up to date on nonprofit audit best practices and provincial and federal laws regarding nonprofit and charitable operations.
  • Develop fundraising strategies and targets and oversee the fundraising activities.

Accounting and Administration

  • Oversee the accounting department to ensure proper maintenance of all accounting systems and function.
  • Ensure maintenance of appropriate internal controls and financial procedures.
  • Ensure timeliness, accuracy, and usefulness of financial and management reporting for government ministries and agencies, donors and TCMH’s board of directors;
  • Oversee the preparation and communication of monthly, quarterly and annual financial statements.
  • Coordinate audits and proper filing of reports to ministries, HST returns and other submissions.
  • Ensure legal and regulatory compliance regarding all financial functions.

Oversee the IT functions provide primarily by an external service provider

Qualifications

The CFO will be a seasoned and mature leader with at least 12-15 years of broad finance experience, ideally beginning in audit, followed by experience gathering and evaluating financial information and making actionable recommendations to senior leadership. She or he will ideally have experience managing finance (accounting, budgeting, control, and reporting) for a complex nonprofit with multiple funding sources and divisions with diverse program areas.


The CFO will have the following experience and attributes:

  • A minimum of a Bachelor’s degree; CA, CGA, CMA and/or MBA would be a plus.
  • At least five years’ experience as CFO or equivalent, preferably in a nonprofit organization with a budget of at least $10 million.
  • Experience in a senior financial-management role, partnering with executive staff, resulting in the development and implementation of creative financial management strategies.
  • Significant experience in or knowledge of nonprofit accounting, including thorough knowledge of the funding for long term care in Ontario, Developmental Services and affordable housing
  • Knowledge and experience in financing major projects using government programs, long term debt, fundraising, community partnerships and other means
  • Experience working with information technology staff to manage finance and accounting software packages.
  • Excellent written and oral communication skills.
  • Demonstrated leadership ability, team management, and interpersonal skills.
  • Excellent analytical and abstract reasoning skills, plus excellent organizational skills.

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