Finance Director

Position Title: Finance Director

Department: Finance
Location: Burlington, ON
Reports to: Chief Financial and Investment Officer (CFIO)

Status: Full-Time, Exempt

Salary Level: CAD Domestic Pay Level I

About Us:
World Renew is a Christian international non-profit organization committed to sharing God’s love by addressing poverty, disaster relief, and development needs around the world. Guided by biblical principles, we partner with communities to promote sustainable change and transform lives.

Position Summary:
The Finance Director for Canada is a key leadership role responsible for providing strategic oversight of the finance function in Canada while managing the global budgeting process. This role requires hands-on involvement to ensure financial accountability, uphold grant compliance, and foster trust with stakeholders. The ideal candidate will possess strong analytical skills, a thorough understanding of Canadian financial regulations, strong attention to detail, and a dedication to leveraging their expertise to further our mission.

We do not discriminate based on disability, culture, ethnicity, or gender, and welcome and encourage people from diverse backgrounds to apply.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

1. Financial Management:
   • Provide comprehensive oversight of the organization’s financial operations within Canada, ensuring alignment with organizational goals and compliance with both federal and provincial regulations that govern registered charities.
   • Fulfill specific fiduciary duties and obligations to ensure the charity operates in compliance with the charities’ law and acts in the best interests of its mission.
   • Provide daily oversight of the Canadian finance and gift processing staff to ensure efficiency, accuracy, and accountability.
   • Partner with the U.S. Finance Director to align financial processes globally and ensure cohesive policies and strategies.
   • Work collaboratively with the CFIO, the Global Executive Team, stakeholders, and other departments to ensure organizational goals are met.
   • Identify and address gaps in financial policies, procedures, and practices.
   • Improve financial systems and workflows for better oversight and efficiency.
   • Support shifts in responsibilities from contracted financial services to internal systems as appropriate.
2. Global Budget Oversight:
   • Coordinate the development of global budgets in collaboration with regional teams and the CFIO, ensuring alignment with strategic initiatives.
   • Train staff on the budgeting process.
   • Conduct year-round monitoring of budget variances and communicate findings promptly.
   • Identify opportunities for cost savings and ensure financial discipline.
3. Financial Reporting & Compliance:
   • Prepare accurate and timely monthly, quarterly, and annual financial statements in accordance with Generally Accepted Accounting Principles (GAAP) for the charity sector.
   • Lead the preparation and submission of the T3010 Annual Information Return and ensure compliance with all CRA filing and reporting requirements.
   • Ensure the charity complies with all federal, provincial, and municipal tax laws and regulations, including proper documentation and reporting of donations and receipts.
4. Grant Compliance and Funding:
   • Ensure strong grant compliance on the financial side to safeguard funding and maintain donor confidence and positioning the organization as a trusted grant recipient.
   • Collaborate with teams to optimize grant reporting and support funding growth.
5. Risk Management & Internal Controls:
   • Establish and maintain strong internal controls to safeguard the charity’s assets and ensure the accuracy and integrity of financial data.
   • Implement and monitor financial policies and procedures related to budgeting, payroll, spending, financial reporting, and auditing.
   • Identify potential financial risks, including those related to revenue generation, spending, and investments, and develop strategies to mitigate them.
6. Audit & Financial Planning:
   • Coordinate with external auditors for the annual audit process and ensure timely submission of audited financial statements.
   • Implement recommendations from auditors to enhance financial transparency, internal controls, and operational efficiency.
   • Provide financial analysis and advice to senior leadership, enabling informed decision-making for the charity’s strategic planning.
7. Other Duties as Assigned:
   • Support the CFIO in financial analyses, various reporting and projects.

KNOWLEDGE, SKILLS, ABILITIES:
• Able to respect and support the mission, vision and values of World Renew.
• Demonstrated commitment to Christ and be able to recognize this position as one that contributes to the work of His Kingdom.
• Demonstrated commitment to contribute to and promote a work environment that values diversity, inclusion and equity.
• Committed to working towards gender equality, equity and justice in all aspects of our programming, plans, policies and organizational structure.
• Exceptional communication skills to work with diverse teams and stakeholders.
• Experience in process improvement and team leadership.
• Familiarity with CRA's T3010 requirements, Income Tax Act, Not-for-profit Corporations Act, and other relevant Canadian charity laws and best practices.
• Experience with grant compliance and reporting for government and private funding sources.
• Advanced analytical and problem-solving skills to interpret complex financial data and provide strategic insights.
• Proficiency in financial modeling and forecasting.
• Proven leadership and team management skills, with the ability to mentor and develop a high-performing finance team.
• Proficiency in financial software and tools, such as advanced Excel.

EDUCATION & EXPERIENCE:
• Bachelor's degree in accounting, Business Administration, Finance, or a related field.
• At least 10 years of progressive experience in financial management, including roles in budgeting, financial analysis, and reporting.
• Proven experience in financial leadership within a multi-country and/or nonprofit or charity sector environment.
• Preferred:
• A master's degree (e.g., MBA) or professional certification such as CPA (Chartered Professional Accountant) or CMA (Certified Management Accountant).
• Experience working with Canadian charity laws and CRA regulations.
• Experience with Sage accounting software.

KEY COMPETENCIES:
• Leadership and Communication: Lead the finance team and communicate effectively across the organization.
• Analytical Thinking and Detail-Oriented: Analyze financial data accurately and ensure precision in reporting.
• Regulatory and Grant Compliance: Understand and comply with financial regulations and manage grants.
• Technical Skills: Proficient in financial software and tools.
• Integrity and Adaptability: Maintain ethical standards and adapt to changes.
• Commitment to Values and Mission: Support and align with the organization's values and mission.

WORK ENVIRONMENT, PHYSICAL AND OTHER DEMANDS:
The work environment encountered and physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

With World Renew's commitment to Core Humanitarian Standard and Safeguarding responsibilities, as part of the recruitment process, a successful candidate can expect to go through a thorough background check.

Why Work with World Renew?
• Work that follows a relentless mission to end hunger and starvation in the world.
• Full-Time Flexible Work Arrangements.
• Generous Vacation and Holiday Time.
• Embraces diversity, equity, and inclusion.
• Benefits include Health, Welfare, & Retirement.
• Professional Development Opportunities.
• Contributing to an organization that is making an impact in the world.
• Up to 1 week of paid time off for voluntary mission/service project trip.

Please note that the application deadline for this position will be February 28, 2025. We encourage all interested candidates to apply before this deadline as we move candidates through our hiring process on a continuous basis.