Finance Manager

DATE: November 29^th, 2024

LOCATION: Toronto, ON – Finance

COMPENSATION: $ 85,120- $ 105,756Annually Prorated

LOFT Community Services is a unique and dynamic charitable organization that supports people living with complicated issues such as mental and physical health challenges, substance use challenges, poverty and homelessness. Serving approximately 19,633 annually and providing 1,861 units of supportive housing last year, LOFT is one of Ontario’s largest mental health service providers of its kind. LOFT is also recognized as a Nonprofit Employer of Choice Award (NEOC) recipient.

To help fulfill its mission, LOFT is hiring a Manager, Finance.

**This is a full-time, in-person position, Mon-Fri**

Job Summary

Under the direction of the Director of Finance, the Finance Manager is integral to the detailed preparation of the annual corporate budget. The position is also responsible for preparing budget submissions for review by senior management critical in securing and maintaining funding for the various programs within the corporation from a variety of funding authorities. Monitoring program expenditures in comparison to detailed budgets on a regular basis to ensure programs are operating within their financial means is an important function which is necessary to ensure the continuing financial stability of the Corporation

What You Will Do

• Gain a thorough overall knowledge of the Program and their funder - Oversee budgeting, forecasting, and financial analysis for programs and sections as determined by the Director and Senior Director of Finance.
• Provides support to the Program management regarding planning, budgeting, reporting, and forecasting along with the execution of an accurate budget, forecast, analysis and reporting.
• Compare budgeted figures against actuals and provide variance analysis. Identify and investigate variances between budgeted and actual financial performance and create corrections when needed with the support of the analyst staff.
• Provide on-going training and mentoring for the Program management on budgeting, forecasting, and general financial issues to augment the staff’s knowledge and skills and improve the department’s financial performance.
• Manage reports and special analyses as required and provide financial and business service required by various groups.
• Supervises the financial analyst and helps train and create, review, and approve journal entries for accuracy and completeness.
• Ensures on-going monitoring and reporting budgets and report to various governments.
• Work closely with the Accounting Manager to see if all entries are in and reconciliations completed for payroll.
• Perform and oversee reconciliations of general ledger accounts and other accounts as maybe assigned.
• Analyze fund utilization, donor contributions, and grant expenditures.
• Supports the preparation of consolidated financial statements and reports.
• Monitor and ensure adherence to non-profit financial regulations and standards.
• Assist with internal and external audits, providing necessary documentation and explanations.
• Implement process improvements to enhance financial operations and reporting.
• Other duties as assigned by the Director.

What You Bring

Must Haves

• University degree in commerce, finance, or business administration.
• Recognized accounting designation (CMA, CGA or CA) or in the final stages.
• Minimum two years’ experience in a senior accounting position, including staff supervision.
• A high level of proficiency with Microsoft Excel, Microsoft Word, and Microsoft PowerPoint isrequired.
• A strong understanding of accounting processes is required or equivalent experience with a comparable software product such as Microsoft Great Plains
• Solid analytical skills are needed to prepare financial projections which contribute to decisions involving corporate and/or program restructuring
• Excellent listening, verbal, and written communications skills. The Manager must have the necessary leadership to communicate with members of other departments to analyze these observations and propose solutions if appropriate
• The ability to teach others how to understand their financial reports and how use desktop software to execute their functions more effectively
• Must be able to deliver oral and written presentation
• Proven ability to prioritize in high volume environment
• This position requires in-person attendance, five days a week.

Nice-to-Haves

• Understanding of cultural competency and framework

What We Offer

• A comprehensive compensation and benefits package, including medical, dental, vision, life insurance, and long-term disability
• Defined Benefits Pensions Plan
• 24/7 Employee Assistance Program
• E-learning program available all year round
• Starting vacation time above minimum standard
• Additional paid personal and paid sick days
• Professional development budget available to help you nurture and shape your career
• Corporate Gym membership rate with GoodLife Fitness
• Access to Perkopolis, a comprehensive corporate discount program
• Access to unlimited DEI trainings through partnership Canadian Centre for Diversity and Inclusion
• Tuition reimbursement program
• Maternity-leave top up program

Our Commitment to Diversity and Inclusion

LOFT Community Services is a values-driven organization with a deep belief that each person has the ability to grow and change. We value compassion, collaboration, and community delivered with dignity, innovation, and excellence. LOFT’s vision is that together, we can all live successfully in our community. Our client population reflects Ontario’s diverse community, and it is LOFT’s goal to build a workforce who also reflects that diversity. LOFT believes there are many ways to develop skills and build experience and expertise. So even if you don’t “tick all the boxes” but think you’d thrive in this role, you are encouraged to apply.

Note: A satisfactory vulnerable sector check (VSC) is also required.

CLOSING DATE: December 31^st, 2024