The CFO is a key member of the executive leadership team, responsible for overseeing the financial health of the organization, ensuring compliance with all financial and charitable reporting requirements, compliance with AFP financial oversight requirements and providing strategic financial guidance to support the organization’s mission and objectives. The CFO will manage and execute financial planning, budgets and reporting, risk management and ensure adherence to regulatory standards applicable to charitable organizations in Canada.
Key Responsibilities:
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Financial Leadership and Strategy: Develop and implement financial strategies aligned with the organization’s mission and goals. Provide financial insights and recommendations to the CEO, SEAMO Executive Leadership team and, through the CEO, to the Board of Directors to support decision-making.
- Financial Management: Responsible for budgeting, forecasting, financial analysis, and reporting. Ensure fiscal responsibility and sustainability.
- Financial Reporting & Transparency: Prepare regular financial statements for internal use, the Board, donors, and regulatory agencies. Provide transparent reporting on financial performance and compliance.
- Accounting and Audit: Maintain accurate financial records in accordance with Generally Accepted Accounting Principles (GAAP) and Canadian Accounting Standards for Not-for-Profit Organizations (ASNPO). Responsible for accurate and timely completion of annual audits.
- Charitable Reporting and Compliance: Responsible for compliance with the Canada Revenue Agency (CRA) regulations for registered charities, including maintaining charitable status, submitting annual T3010 (Registered Charity Information Return), and adhering to restrictions , political activities, and program expenses.
- Regulatory & Legislative Compliance: Stay informed of changes in financial and charitable laws in Ontario and Canada. Ensure organizational compliance with all relevant federal, provincial, and local regulations; including HST reporting and Ontario Business Registry filings.
- Risk Management & Internal Controls: Responsible for the administration of the risk registry. Works closely with SEAMO executive leadership team, and, through the CEO, with the board to oversee the identification, assessment and mitigation of financial and operational risk. Implement and monitor sound internal controls to safeguard assets, ensure proper financial stewardship and manage operational risks.
- Contract Management: Responsible for external contracts including contracts renewals, extensions or amendments, mitigating contractual risks by reviewing key terms and conditions, maintaining organized records and clear procedures for contract termination.
- Engagement & Management: Liaises and works closely with Members and key partners including the OMA, the Ministry of Health (MOH) and other affiliated teaching hospitals. Builds relationships with key partners and SEAMO Members to inform positioning of proposals being brought forward to the Board. Requires active participation with the SEAMO Corporation Board and the Finance & Audit Committee.
- Team Leadership: Manage the finance team providing advice, guidance and coaching. Ensures timely performance issue management, employee development & recognition and clear, comprehensive direction. Investigates, addresses and resolves employee issues, including making decisions regarding disciplinary and discharge matters.
- Training: provide training and guidance to departments to help meet reporting requirements for SEAMO.
Requirements
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Proven experience as a CFO, Finance Director, or equivalent leadership role, preferably within the non-profit or charitable sector.
- Strong understanding of Canadian charity law, CRA requirements, and financial reporting standards.
- Bachelor’s degree in Accounting, Finance, Business, or a related field; CPA designation preferred.
- Excellent analytical, problem-solving, and communication skills.
- High level of integrity, professionalism, and commitment to the organization’s mission.
- Experience working in an APP or AFP is an asset.
Special Skills:
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Strategic planning, budgeting and financial management skills.
- Demonstrated ability to work in a complex environment, in a collaborative and collegial manner, using highly developed relationship building, to secure commitment and achieve results.
- Superior interpersonal and communication skills; ability to deal effectively with diverse groups of people.
- Strong organizational and planning skills with demonstrated initiative.
- Ability to cope with multiple demands and manage competing priorities.
- Interpretive and analytical skills and well-developed problem-solving skills.
- Advanced computer skills with proficiency in MS Excel and PeopleSoft.
- Ability to generate sophisticated analysis and financial reports from financial accounting systems.
- Ability to exercise sound judgement and ethical decision-making.
Benefits
SEAMO offers a competitive salary, comprehensive benefits, and pension.
