Reporting to the VP, Finance, the Director, Finance (Social Enterprises) will be responsible for overall financial oversight for all YWCA’s social enterprise’s budgeting, forecasting and financial reporting.  They will be a resource person for the Social Enterprise Team and Finance regarding financial systems and reporting.  

What you’ll be doing: 

Financial Statements 

• Ensures timely completion of monthly general ledger reporting and all account reconciliations to facilitate assessment of the organization’s financial health and the opportunity to make adjustments  

• Prepares monthly and quarterly financial statements to ensure the management team and the Board have the information they need to make decisions about programs and services 

• Plans and coordinates the year end audit, including preparation of audit working papers and financial statements 

• Performs audit analysis and responds to audit queries and issues  

Payroll, Accounts Payable, Taxes 

• Supervises payroll and accounts payable staff, ensuring staffing is knowledgeable and sufficient for the payroll to be accurate and timely  

• Maintains adequate and appropriate internal controls, to ensure fraud is difficult to perpetrate and easier to catch  

• Prepares annual T3010 for submission to CRA 

• Prepares and submits quarterly GST returns 

Data Analysis 

• Develop long-term financial sustainability plans for the Social Enterprises, which consists of the Hotel, Health + Fitness centre, and Early Learning and Child Care centers  

• Assess and analyze data to look for trends and determine financial implications across the social enterprises to support informed decision-making and forecasting 

• Develop dynamic pro formas for new and existing social enterprises to facilitate revisions, scenario analysis, and what-if scenarios  

• Analyze revenues, including to ensure that revenue targets are being achieved 

• Analyze capital needs and ensure sufficient funds are budgeted 

• Develop a long-term capital spending forecast in collaboration with the Facilities Manager  

Social Enterprise Team 

• Make recommendations to the Social Enterprise Team with respect to performance, value, and risk management 

• Support the exploration of new social enterprises and set up necessary systems to support the financial management of new communities 

• Support the Social Enterprise Team’s development of the annual external budgets for funders and the internal YWCA annual budget 

Systems and Processes 

• Collaborate with the Social Enterprise Team in the exploration (system-wide gap analysis), design, and implementation of process automation/streamlining and support integration with financial reporting, capital budgeting, and long-term financial planning initiatives 

• Ensure financial systems and processes are integrated with the enterprise’s software system and related processes 

Donor and Grant Funds 

• Oversee allocation of donor and grant designated funds to ensure they are applied and spent by the social enterprises 

• Ensure financial reporting requirements are met and adhered to for child care programs 

• Prepare financial reports based on grant requirements 

Other Responsibilities 

• Provide direct supervision of 2-3 finance staff members 

• Other related duties as required 

What you’ll need: 

• Minimum 8 - 10 years' experience in an intermediate accounting position, with proven experience in developing, implementing and managing financial systems and controls 

• An understanding of charitable organizations and fund accounting an asset 

• High level management skills are required, including sound judgment and decision making, planning and organizing, problem solving, conflict resolution, time management and presentation skills 

• Previous experience managing accounting staff  

• Proven financial management and accounting knowledge, including knowledge of generally accepted accounting standards and financial reporting requirements  

• Extensive experience in budgeting, forecasting, reporting, and accounting 

• Experience with data query, transformation and visualization tools such as SQL and PowerBI, ERP and CPM systems, and developing models in Excel 

• Advanced-to-expert level Excel skills, capable of developing complex financial models 

• Proficient in computer software and experienced in financial systems and databases 

• Excellent communications skills with the ability to explain and breakdown complex financial information and systems to others without a financial expertise 

• Ability to analyze statements and financial information 

• Detail oriented with critical thinking, and analytical skills 

• Ability to work with limited direction within a complex and changing environment 

• Demonstrated flexibility with others and job responsibilities 

• A valid clear criminal record check (including working with vulnerable populations) is required.  

What we offer:  We offer our eligible employees the following benefits as part of their total compensation package: 

• Extended medical and dental benefits  

• A defined benefit pension plan 

• Flexible working arrangements for applicable positions 

• Employee Family Assistance Program, a confidential and voluntary support service for employees and their eligible family members 

• Free membership to our Health + Fitness Centre, discounts at our YWCA Hotel and priority in YWCA Child Care centres 

• Pay Rate: Pay Rate: $119,101 annually 

• A workplace that prioritizes employee health, safety and wellbeing, including many learning and growth opportunities such as our staff mentorship program and three equity committees who help to support our goals towards achieving meaningful equity and inclusion.