Director, Finance (Full time)
Position Type: Director
Location: Edmonton
Special Olympics Alberta (SOA) is looking for a Director of Finance! In this full-time role, you will play a pivotal role in the financial operations of the organization. Responsibilities include leading budgeting and forecasting processes, ensuring compliance with financial regulations, and providing strategic financial guidance to support the achievement of organizational goals. The ideal candidate will bring a strong financial acumen, leadership skills, and a commitment to fostering fiscal responsibility within the context of a non-profit organization dedicated to empowering individuals through sports.
Our Director of Finance must go beyond strongly in the Special Olympics mission, vision, and values. As a leader in the organization, they must promote our team values of positivity, respect and aligned purpose. Working with SOA staff, volunteers and other stakeholders, they will be expected to do whatever it takes to build or maintain strong, vibrant, and robust financial practices across the province. This may include at varying levels:
- Financial Operations Oversight
- Manage day-to-day financial operations, including accounts payable, accounts receivable, and payroll, ensuring accuracy and compliance with accounting standards and organizational policies.
- Manage day-to-day financial operations, including accounts payable, accounts receivable, and payroll, ensuring accuracy and compliance with accounting standards and organizational policies.
- Budgeting & Forecasting Management
- Lead the development and execution of comprehensive financial plans, including annual budgets, forecasts, and financial models, to support effective decision-making and resource allocation.
- Collaborate with department heads to develop and manage departmental budgets, providing guidance on fiscal responsibility and monitoring financial performance against budgetary goals.
- Lead the development and execution of comprehensive financial plans, including annual budgets, forecasts, and financial models, to support effective decision-making and resource allocation.
- Financial Reporting
- Prepare regular financial reports, statements, and analyses for internal and external stakeholders, facilitating transparent communication of financial performance and contributing to strategic decision-making.
- Contribute as an ex-officio member of the Finance & Risk Committee with the SOA Board of Directors
- Prepare regular financial reports, statements, and analyses for internal and external stakeholders, facilitating transparent communication of financial performance and contributing to strategic decision-making.
- Audit Coordination and Compliance:
- Coordinate and facilitate internal and external audits, ensuring compliance with financial regulations and addressing audit findings through the implementation of corrective actions and process improvements.
- Ensure ongoing compliance with federal charitable status regulations and provincial non-profit requirements, staying abreast of changes in legislation and proactively implementing measures to maintain the organization's legal standing
- T3010 preparation
- GST return
- Annual Return filing
- Property Tax Exemptions
- Business licences
- T3010 preparation
- Coordinate and facilitate internal and external audits, ensuring compliance with financial regulations and addressing audit findings through the implementation of corrective actions and process improvements.
- Information & Technology
- Administer contracts and vendor relationships related to IT support, negotiating favorable terms and ensuring compliance with contractual obligations.
- Work closely with IT support provider to implement and oversee cybersecurity measures for information systems, safeguarding sensitive financial data and ensuring compliance with data protection regulations.
- Collaborate with IT support provider to coordinate the setup of new staff members with computers, ensuring the provision of necessary hardware, software, and access credentials for a smooth onboarding process.
- Administer contracts and vendor relationships related to IT support, negotiating favorable terms and ensuring compliance with contractual obligations.
- Communication
- Communicate financial information effectively to internal and external stakeholders, fostering transparency and understanding, and providing financial guidance to support strategic initiatives and organizational growth.
- Communicate financial information effectively to internal and external stakeholders, fostering transparency and understanding, and providing financial guidance to support strategic initiatives and organizational growth.
- Team Support
- Provide leadership to the finance department, fostering a positive, respectful and purposefully aligned team culture
- Actively support and mentor staff members, promoting professional development and growth opportunities
- Provide leadership to the finance department, fostering a positive, respectful and purposefully aligned team culture
- Evaluation and Improvement
- Establish metrics and key performance indicators to evaluate the success of the finance department
- Establish metrics and key performance indicators to evaluate the success of the finance department
- Administration
- Manage and optimize financial systems and software, ensuring their effectiveness, security, and integration with other organizational systems to streamline administrative processes and enhance overall efficiency.
- Manage and optimize financial systems and software, ensuring their effectiveness, security, and integration with other organizational systems to streamline administrative processes and enhance overall efficiency.
- Participate as a member of the SOA staff team in various initiatives:
- Annual Affiliate Conference
- Volunteer appreciation
- Local, Provincial or National fundraising opportunities
- Staff retreat
- On-going process and systems reviews and new initiatives (database, policies, resource development, websites, etc.)
- Annual Affiliate Conference
- Undertake other and additional duties as delegated and clearly defined by direct supervisor
Skills that would be beneficial to this role:
- Experience in overseeing financial operations within a non-profit setting, understanding the unique financial challenges and opportunities associated with volunteer and mission-driven organizations, funding structures, grants and donor relations
- Expertise and proven experience in systems improvement
- CPA Certification is an asset but not required
- Experience leading a department
- Excellent interpersonal and communication skills and the ability to make appropriate and timely decisions within authority
- Ability to promote, inspire and support your team members
- Ability to manage priorities and balance deadline-driven workload
- Strong computer skills and advanced user of Microsoft suite including Teams
- Confidence with change
This position will require you to work some evenings and weekends, and there will be some travel throughout Alberta. A valid AB driver’s license and vehicle are required.
Please apply in confidence with your resume and covering letter including salary expectations to Sue Gilchrist, CEO at sgilchrist@specialolympics.ab.ca by March 4, 2024.