Director of Finance, Healthcare Foundation

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TITLE

Director of Finance, Healthcare Foundation

SALARY RANGE

$145,000 - $170,000

THE PERKS

• Extended health benefits
• Competitive vacation entitlement
• Professional development support
• CPA dues support

LONG TERM INCENTIVE

Defined benefit pension plan with competitive employer matching

LOCATION

Toronto, ON

THE OFFICE

Hybrid (2 days in office)

TEAM SIZE

9 people

THE ROLE

A leadership role overseeing all financial planning, reporting, and analysis for a growing healthcare foundation, with a focus on transforming the finance function from transactional to strategic.

• Leadership & Stakeholder Engagement (40%)
• Accounting & Financial Management (25%)
• Projects & Process Improvements (25%)
• KPI & Donor Reporting (10%)

THE TASKS

Leadership & Stakeholder Engagement

• Serve as a strategic partner to the CFO and senior leadership team on financial matters and organizational strategy
• Lead, mentor, and develop the finance team to foster a high-performance, business-partnering culture
• Drive cultural transformation across the finance function, shifting from transactional accounting to proactive financial partnership
• Build collaborative relationships across departments to elevate financial acumen in teams such as philanthropy and partnership
• Provide coaching and training to improve finance literacy and communication standards across the organization
• Support the CFO with Finance/Audit Committee and Investment Committee materials, presentations, and reporting
• Act as the primary finance liaison with investment managers, securities brokers, custodians, and private equity holdings
• Represent finance as a subject matter expert on organizational committees and senior leadership forums

Accounting & Financial Management

• Oversee creation and implementation of financial processes, procedures, policies, and internal controls for safeguarding of assets
• Ensure compliance with all regulations regarding non-profit organizations including Canada Revenue Agency and applicable accounting standards
• Lead the annual external audit to ensure appropriate documentation is provided to auditors on a timely basis and financial statements are prepared in accordance with Part III of the CPA Canada Handbook - Accounting, "Accounting Standards for Not-for-Profit Organizations"
• Manage signing authorities for all foundation financial accounts including bank and investment accounts
• Oversee the management of the endowment fund, including annual unitization and payout calculations

Projects & Process Improvements

• Lead financial systems evaluation and optimization to support upcoming campaign requirements across gift processing, general ledger, and reporting platforms
• Conduct a full inventory of finance reports to eliminate redundancies and enhance stakeholder-relevant reporting
• Drive process improvements to enhance operational efficiency across month-end close, budgeting, forecasting and variance analysis
• Lead the development of the foundation's annual and long-term budget, cash flow projections, and forecast preparation process
• Oversee cash flow reporting on a quarterly basis for Finance/Audit Committee and Investment Committee

KPI & Donor Reporting

• Develop and report key performance indicators for the finance function
• Provide support for the operations team in developing organization wide KPIs
• Oversee financial donor stewardship reporting including grant and fund balance reports for internal stakeholders and external donors

THE COMPANY

A prominent healthcare foundation dedicated to advancing patient care and research through strategic fundraising and donor stewardship. The organization is entering a transformative period of growth as it prepares for a landmark fundraising campaign.

THE OPPORTUNITY

An ideal opportunity for a seasoned finance leader ready to move beyond transactional accounting into a role that combines strategic leadership, process transformation, and organizational influence. The successful candidate will have a clear path toward senior executive progression within a mission-driven organization.

THE EXPECTATIONS TIMELINE PREVIEW

By Month 1

• Build relationships with key stakeholders across the finance team, senior leadership, and cross-functional departments
• Document and understand all existing financial processes, systems, and reporting structures
• Identify at least one quick-win process or system improvement opportunity to socialize with stakeholders
• Begin assessing individual finance team members' strengths, ambitions, and development needs

By Month 3

• Prioritize improvement opportunities and and implement appropriate changes
• Support the team through month-end close cycles and begin identifying efficiency gains in the reporting process
• Socialize and prioritize the quick-win improvements identified during onboarding with key stakeholders
• Begin building collaborative working relationships with other foundation teams as a finance partner

By Month 6

• Expand leadership influence beyond the finance team into other departments across the organization
• Lead active process improvement and financial systems evaluation initiatives
• Drive meaningful improvements to reporting quality and stakeholder communication
• Demonstrate growing confidence in advocating for the finance function and and elevate the finance team's profile within the foundation

By Month 12

• Master the full reporting package and deliver accounting and reporting with confidence and authority
• Gain trust of key stakeholders as a credible candidate for succession into senior executive roles
• Own all financial management, audit, compliance, and committee support processes end to end
• Demonstrate strong leadership presence across the organization with measurable impact on team culture and performance

THE SKILL SET

• CPA designation required
• Minimum 10 years of progressive financial management experience
• Demonstrated leadership experience managing and developing finance teams with a strong emphasis on driving cultural and operational change

ONLY QUALIFIED CANDIDATES WILL BE CONTACTED.

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