About The Foundation
The Community Foundation of the South Okanagan Similkameen (CFSOS) is striving for a future that includes healthy, vibrant and inclusive communities across the South Okanagan Similkameen. Our Foundation was incorporated in 1991 and has now granted more than $9 million to local charities and manages over $50 million in assets. We actively build our endowment fund to ensure future granting while pursuing creative impact solutions that allow us to leverage all our assets, not just grant dollars, to improve our communities. We work closely with donors and stakeholders to provide leadership in addressing issues that face our communities.
In late 2023, CFSOS became the first community foundation in Canada to be gifted ownership of a private real estate holding company. With the acceptance of that gift, the Foundation’s assets more than doubled as did the complexity of our operations and opportunities. We have now fully embraced the role of “trail blazer” and are actively working to develop a new model for community investment and community philanthropy that can be replicated in communities, big and small, across Canada.
Position Overview
The Director of Finance position will be responsible for the overall financial management of the Foundation and the for-profit company owned by the Foundation, working with CEO to develop strategy, perform due diligence on investment decisions, and analyze development and investment opportunities.
This position will work with the CFSOS Office Administrator as well as the accountants contracted for day-to-day bookkeeping of the for-profit company. The Director of Finance will be comfortable overseeing bookkeeping activities, developing and producing financial reports for the CEO and Board of Directors, and thinking strategically about how to maximize the Foundation’s impact in the community.
Key Responsibilities
· Stay abreast of CRA guidelines and the Income Tax Act as they may affect CFSOS.
· Assess and report on risks facing CFSOS.
· Develop systems, procedures, and tools to assist in the financial management and organization of the Foundation’s financial information.
· Develop impact measurement strategies and tools to assist staff in reporting impact to the community and the Board.
· Provide leadership in maximizing the use and value of CommunitySuite software.
· Work with the CEO to develop a long-term vision for CFSOS and its community building activities.
Accounting Activities
· Supervise the day-to-day bookkeeping for CFSOS and its for-profit company.
· Prepare and file all federal filing requirements including annual T3010.
· Manage GST reporting and submission process.
· Assist the external auditors with the annual audit process.
· Assist in the preparation of the annual operating budget in consultation with the Treasurer and CEO.
· Review and assess insurance policies.
· Prepare financial reports for the CEO, Finance Committee and the Board as required.
· Monitor cash flow to ensure sufficient cash reserves.
Required Experience, Skills, and Qualifications
- Maintain a professional designation as a CPA.
- A minimum of 5 years of experience with a demonstrated track records of success in strategic planning, accounting, finance, executive management and project financing
- Demonstrated ability to develop workable policies and procedures that strengthen the organization
- Demonstrated understanding and ability to manage non-profit and charity accounting practices
- Demonstrated high-level of proficiency with MS Office Suite
- Exceptional analytical skills with the ability to interpret complex financial data and provide strategic recommendations
- Strong problem solving and creative skills and the ability to exercise sound judgment and make decisions based on accurate and timely analyses
- Strong budget development and financial management knowledge and experience
- Ability to communicate clearly, concisely and accurately
- Ability to work collaboratively on a variety of projects
- A reputation for personal integrity and the highest ethical standards and a commitment
- Demonstrated willingness to take ownership of projects and programs while working seamlessly within a positive team environment
- Strong interpersonal skills, ability to communicate and manage well at all levels of the organization
Education
· Bachelor’s degree in Accounting, Finance, or related field; CPA designation required.
Other Requirements
· Drivers License and vehicle that can be used for employment purposes (mileage and business insurance covered)
· Ability and willingness to travel within the Valley when required
· Ability to work from home with high-speed internet access
· Ability and willingness to attend meetings as required outside of regular office hours
Flexible Working Conditions
CFSOS offers a flexible work environment including allowing team members to set their own work schedule, in consultation with the CEO. The focus is on the accomplishment of defined goals, rather than adherence to a strict schedule although staff are encouraged to be available whenever possible during “generally accepted business hours.”
There will be times when work is required outside of typical “office hours” and the Director of Finance will be expected to accommodate these circumstances.
Accessibility Statement
CFSOS is committed to upholding the values of equity, diversity, and inclusion in our living, learning and work environments. In pursuit of our values, we seek members who will work respectfully and constructively with differences and across levels of power. We encourage all applications, including from members of groups experiencing barriers to equity.
Job Type: Full-time
Pay: $110,000.00-$125,000.00 per year
Benefits:
- Dental care
- Extended health care
- Flexible schedule
- Life insurance
- Paid time off
- Work from home
Ability to commute/relocate:
- Penticton, BC V2A 5C3: reliably commute or plan to relocate before starting work (required)
Education:
- Bachelor's Degree (required)
Experience:
- non-profit: 5 years (preferred)
Work Location: In person
Application deadline: 2024-11-30
Expected start date: 2025-01-06
