Director of Finance
JOB DESCRIPTION
The Nationwide Group (TNG) is a pioneer in designing and developing outsourced financial services software, exclusively focused on creating comprehensive and customizable solutions for the real estate industry. Utilizing world-class technology, TNG delivers solutions to the entire mortgage life cycle through its affiliated organizations.
TNG benefits from a broad product suite, infrastructure, and industry expertise and has transformed the home purchase, sale, mortgage, and refinance process for consumers, lenders, realtors, and mortgage brokers.
POSITION DETAILS:
Reporting to the CEO, the Director of Finance contributes to the overall success of the organization by effectively managing all financial tasks for the organization. The Director of Finance is accountable for leading the Finance team in managing the Company’s financial and accounting policies, systems and processes, tax and regulatory requirements, payroll systems and processes. In addition, the Director of Finance is accountable to manage the Company’s controls, ongoing financial modeling, and annual business/budget plans. The Director of Finance will also provide leadership and coaching to the Finance Team.
RESPONSIBILITIES:
The Director of Finance performs a wide range of duties including some or all the following:
Financial Accounting and Reporting
• Develop and maintain timely and accurate financial statements and reports that are appropriate for the users and in accordance with generally accepted accounting principles
• Coordinate, analyze and report the financial performance to Management and Executive Teams, as required (financial performance, projects and other special projects as required)
• Develop, implement, and ensure compliance with internal financial and accounting policies and procedures
• Ensure that all statutory requirements of the organization are met including Withholding Payments (CPP, EI), Income Tax, Goods and Services Tax, Employer Health Tax
• Prepare all supporting information for the annual audit and liaise with the company’s Audit Committee and the external auditors as necessary
• Document and maintain complete and accurate supporting information for all financial transactions
• Develop and maintain financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and petty cash
• Reconcile bank and investment accounts
• Review monthly results and implement monthly variance reporting
• Manage the cash flow and prepare cash flow forecasts in accordance with policy
• Oversee the bookkeeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll
• Develop and implement policies and procedures to ensure that personnel and financial information is secure and stored in compliance with current legislation
Payroll Preparation and Administration
• Oversee all payroll functions and in conjunction with the Manager of Human Resources ensure that employees are paid in a timely and accurate manner
• In conjunction with the Manager of Human Resources, negotiate and manage the employee insurance and benefits plans
• Ensure the accurate processing and submission of the statutory and benefits remittances on time
• Coordinate and ensure accuracy of annual T4s and T4As
Budget Preparation
• Establish guidelines for budget and forecast preparation, and prepare the annual budget in consultation with the Management and Executive Teams
• Lead the annual budgeting process
• Lead the quarterly outlook process
Project Management Accounting
• Maintain financial records for each project in a manner that facilitates management reports
• Ensure that accurate and timely financial statements are prepared in accordance with contract agreements
• Provide accurate and timely reporting on the financial activity of individual project
Information Technology
• Evaluate the need for new technology to meet the organization's financial data processing, control, and reporting requirements
• Advise on appropriate technology that meets the organization's information requirements and financial resources
Risk Management
• Monitor risk management policies and procedures to ensure that program and organizational risks are minimized
• Advise the organization's leadership on appropriate insurance coverage for the organization
• Maximize income where possible and appropriate
• Negotiate with Bank for lines of credit or other financial services as required and appropriate
QUALIFICATIONS:
• University degree or college diploma in Accounting, Commerce, or Business Management/Administration
• 10+ years of progressive financial responsibility
• Chartered Accountant, Certified General Accountant, or Certified Management Accountant designation
• Knowledge of generally accepted accounting principles
• Knowledge of federal and provincial legislation affecting charities
• Knowledge of provincial legislation on Employment Standards, Occupational Health and Safety, and Human Rights
• Proficiency in the use of computer programs for Accounting, Word Processing, Databases, Spreadsheets, e-mail
Working Conditions
• Office environment
• Usually work a standard work week
• May be required to work some overtime hours to attend meetings and during specific periods of the accounting cycle such as the Annual Audit, Year End, etc.
