Integrated Director, Financial Services & Deputy CFO

In April 2024, the Boards of St. Mary’s General and Grand River Hospitals both independently voted in favour of a voluntary merger of the Hospitals to form a new hospital organization. This evolution of our partnership will occur alongside our joint redevelopment work, as we strive to build a new acute care campus in the community. We welcome talent to both St. Mary’s General Hospital and Grand River Hospital that are ready to be part of an exciting, generational change for hospital care in Waterloo Region.

As Grand River Hospital and St. Mary’s General Hospital build the “Future of Care” together and a unified new hospital starting in April 2025, we are looking to recruit the Integrated Director, Financial Services & Deputy CFO that will enable the success of a new hospital that delivers innovative care to Ontario’s fastest growing region.

Waterloo Region is uniquely positioned as a place where healthcare, innovation, and research can collaborate to deliver world class care. The hospitals proudly partner with local academic institutions the University of Waterloo, Conestoga College, McMaster University and Wilfrid Laurier University, and our local innovation sector including Communitech, the Accelerator Centre, Medical Innovation Xchange, and others.

How Integrated Director, Financial Services & Deputy CFO support our teams:

Reporting to the Integrated VP Finance & Support Services (CFO), the Director Financial Services & Deputy CFO plans, organizes and directs the activities of the Financial Accounting, Treasury and Payroll functions of the hospital. The holder of the position is expected to be tactical and strategic to achieve favourable outcomes in financial functions, which include but are not limited to supporting: regular internal Management and Board financial reporting and related regulatory compliance, transactional processing (in Accounts Payable, Patient Accounts and Payroll services), maintenance of internal controls, external audit support, employee pension plan reporting compliance, cash and debt management and any external funding source reporting requirements.

Responsibilities Include:

• Monthly Management financial statements, department cost centre reports (including variance analysis, forecasting and mitigation) and SLT Scorecard updates
• Act as a financial resource for Board Committees
• Annual external audit support
• Financial internal control oversight including financial information systems and account reconciliations
• Financial policies and procedure development
• MOH and other funding sources financial reporting support (including MIS and BPSAA reporting)
• Employee pension plan regulatory compliance support
• Banker relations and cash management functions (including ST Investments and Debt Management)
• Transactional processing in Accounts Payable, Patient Accounts and Payroll Services
• Regular MOH and other funding letter agreement support (signing notes and follow-up reporting)
• Human resource related functions in department (recruitment, performance goal/objectives/reviews, disciplinary, succession planning, staff education, etc.)
• Departmental goal setting in alignment with organizational Strategic Directions and VP Finance & Support Services (CFO) goals and objectives
• Provide full backup to maintain continuity of service for the VP Finance & Support Services (CFO) in their absence

The Integrated Director, Financial Services & Deputy CFO brings the following:

• Bachelor’s degree in Commerce, Business Administration, Accounting or equivalent
• CPA designation required
• OHRS MIS guidelines & Ontario Hospital Funding Formula training considered an asset
• Minimum 3 years Director Finance experience at smaller hospital/healthcare institution; or, 5 years Manager or Finance experience at similar sized or larger hospital/healthcare institution
• Demonstrated experience and understanding working through a merger of two organizations is considered a strong asset
• Understanding of major capital project accounting reporting, and experience with negotiation of operating funding associated capital project development (i.e. Post Construction Operating Plan, or “PCOP”) is a strong asset
• Strong business acumen with solid experience in business management, financial planning, performance measurement and budgeting functions
• Excellent analytical, problem-solving and decision-making skills with the ability to identify trends, establish benchmarks, as well as provide credible analysis and business recommendations
• High emotional intelligence with excellent verbal and written communication skills, including the ability to articulate complex financial issues to a broad audience
• Ability to work and thrive in a changing environment while experiencing financial constraints
• Evidence of a collaborative leadership style with effective team building skills
• Excellent decision making skills with the ability to form and defend independent judgment with the ability to influence others and outcomes
• Excellent organizational and time management skills with the ability to effectively handle a large number of issues simultaneously
• Ability to work effectively and efficiently under pressure/stressful conditions
• Must be change orientated and possess an attitude of continuous improvement

Grand River Hospital & St. Mary’s General Hospital support our Team Members with:

• A thorough onboarding and orientation program
• Ongoing training and development opportunities
• Access to our Ongoing Education Fund
• Career mentorship
• Wellness programs

As part of our commitment to the health and safety of our patients, staff and community from COVID-19, subject to any accommodation required by applicable human rights legislation, Grand River Hospital requires that all staff have received all required doses of a COVID-19 vaccine approved by Health Canada.

APPLICATIONS WILL BE RECEIVED UNTIL THE POSTING IS CLOSED.

Please include a resume with your application in order to ensure that your qualifications are appropriately considered in the hiring process.

Grand River Hospital is committed to fair and equitable employment and in our recruitment and selection practices. We strongly believe in inclusion and diversity within our organization, and welcome all applicants including, but not limited to: racialized communities, all religions and ethnicities, persons with disabilities, LGBTQ2S+ persons, Indigenous people, and all others who may contribute to the further diversification of our Hospital community. We are committed to providing and fostering a respectful workplace for all employees, free from violence and harassment. Grand River Hospital is a proud member of the Canadian Centre for Diversity and Inclusion (CCDI).

Upon individual request, the hospital will endeavour to remove any barrier to the hiring process to accommodate candidates, including those with disabilities. Should any applicant require accommodation through the application, interview or selection processes, please contact Human Resources in advance for assistance.