Manager, Financial Services/ Deputy Treasurer (26-291)

Job Title: Financial Services and Deputy Treasurer

Bargaining Unit: Non-Union

Language Requirement: English Essential

Vacancy Status: Existing vacancy

Cornwall is a beautiful community with a population of 47,000 situated on the banks of the St. Lawrence River in Eastern Ontario. The city offers a wide array of urban amenities, making it an excellent place for a career and raising a family. With a growing economy, expanding population and fantastic quality of life, there has never been a better time to start the next phase of your career with the City of Cornwall! Cornwall is a diverse and progressive community where residents and partners feel safe, welcomed, and enjoy a high quality of life supported by access to financially responsible and sustainable municipal services and infrastructure.

Position Summary

Reporting to the General Manager of Financial Services/Treasurer, the Manager, Financial Services and Deputy Treasurer is responsible for providing strategic leadership and operational oversight of the municipality's financial operations. This position supports the Treasurer in fulfilling the statutory responsibilities contained in the Municipal Act, 2001, and other application legislation. This role ensures fiscal accountability, compliance with regulations, and optimal stewardship of municipal resources. The position plays a key role in long-term financial planning, helping to shape the organization’s financial strategy.

Leading the finance team, the Manager ensures the effective and efficient management of the municipality’s financial resources to support its objectives. Additionally, the Manager collaborates with various departments to align financial goals with organizational priorities, drives initiatives to enhance financial performance, and fosters a culture of continuous improvement within the finance team.

Key Responsibilities

• Manage the financial operations of the municipality, including budget preparation, financial reporting and auditing, and provides guidance to departmental managers on budgetary matters.
• Oversee the completion of the annual audit and finalize the annual Consolidated Financial Statements (FIR), in accordance with Public Sector Accounting Standards (PSAS).
• Manage the municipality's debt and investment portfolios, ensuring optimal financial performance, appropriate liquidity (cash flow), and compliance with relevant regulations.
• Oversee financial system operations, identifying opportunities for automation, process improvements, and system enhancements to optimize efficiency.
• Ensure the accuracy and integrity of financial data by promoting and upholding strong financial management.
• Lead the collection, analysis, and reporting of financial data to provide comprehensive insights and actionable recommendations to Council, senior management, and departmental leaders to support informed decision-making, ensuring all reporting meets regulatory and compliance requirements for senior levels of government.
• Drive the development, implementation, and compliance of financial policies, procedures, and strategies to ensure alignment with the municipality’s strategic goals and priorities, while ensuring departments adhere to finance-related guidelines and that communication about financial processes is clear and effective.
• Monitor and analyze financial performance, providing recommendations to mitigate risks and enhance financial sustainability.
• Identify, implement, and execute best practices, prioritizing continuous improvement, operational efficiency, risk mitigation, and cost optimization to enhance overall performance and sustainability.
• Assist with reserve fund planning and management.
• Lead and support the implementation and continuous improvement of the City’s Asset Management Plan (AMP)
• Collaborate with various departments to align financial goals with organizational priorities and drive initiatives to enhance financial performance.
• Act on behalf of the Treasurer during absences or when designated.

Leadership Of Others

• Provide strategic direction and leadership to ensure team alignment with organizational goals, fostering collaboration, accountability, and high performance.
• Develop team capacity by coaching, mentoring, and identifying professional development opportunities, ensuring alignment with operational and organizational priorities.
• Guide and support team members to meet operational objectives, ensuring compliance with organizational standards, policies, and procedures while fostering a collaborative and respectful work environment.
• Play an active role in the recruitment process by participating in candidate screening, interviews, and hiring decisions while ensuring candidates have a positive experience.
• Facilitate the successful onboarding of newly hired employees by delivering comprehensive training and continuous development, ensuring alignment between their role, organizational objectives, and the municipality’s culture.

Position Requirements

Education & Certifications:

• Degree in Accounting, Finance, Commerce, Business Administration, or a related field.
• Chartered Professional Accountant Designation (CPA)

Experience:

• Minimum of 7 years of progressive experience in finance preferably in a municipal or public sector environment, with a minimum of 3 years in a managerial role,

Equivalent combination of education and experience may be acceptable.

Knowledge, Skills, and Abilities:

• Strategic Thinking: Ability to develop and implement long-term financial plans aligned with organizational goals.
• Financial Acumen: In-depth knowledge of municipal finance, accounting principles, and public sector financial legislation (PSAS).
• Leadership: Proven ability to lead, mentor, inspire, and develop high-performing teams in a collaborative environment.
• Problem-Solving: Advanced ability to address and resolve complex operational and strategic challenges and provide actionable recommendations.
• Technical Proficiency: Proficiency with financial software systems, budgeting software, Microsoft Office Suite, and other relevant systems including Enterprise Resource Planning (ERP). As part of the interview process, selected applicants will be tested in Excel and must achieve a score of 70% or higher to move to the next stage of the recruitment process.
• Communication: Exceptional written and verbal communication skills with a demonstrated ability to produce clear reports for municipal Council, senior management, and diverse audiences.
• Time Management: Proven ability to manage multiple priorities, meet deadlines, and deliver high-quality results in a fast-paced environment.
• Organization: Ability to prioritize tasks and manage multiple projects simultaneously while meeting deadlines.
• Collaboration: Strong interpersonal skills to work effectively across departments and with external partners.

Working Conditions

• Work is performed primarily in an office environment, with occasional travel required for off-site engagements, conferences and training.
• Standard business hours, Monday to Friday, with flexibility needed during peak periods.
• Cognitive demands include strategic thinking, decision-making, problem-solving, and managing sensitive information in a confidential manner.
• Physical demands include extended periods of sitting and looking at a computer screen.

If selected for this role, you will need to provide:

• Successful reference check (two work-related references, with a minimum of one being a direct supervisor)
• Satisfactory Criminal Record and Judicial Matters Check
• Proof of certifications

Additional Information

The Corporation of The City of Cornwall strives to promote and demonstrate the values of Equity, Diversity, and Inclusion. We are committed to reflecting the diversity of the community we serve and encourage qualified candidates of all backgrounds and abilities to apply. Accommodation will be provided in all parts of the hiring process as required. Applicants need to make their needs known in advance.

We thank all applicants for their interest, however, only those selected for interviews will be contacted. Information collected will be handled in accordance with the Municipal Freedom of Information and Protection of Privacy Act.

The City of Cornwall is an equal-opportunity employer committed to an inclusive, barrier-free recruitment and selection process. At the City, we respect, encourage and celebrate our diversity. The City of Cornwall is committed to providing accommodation throughout the recruitment process. If you require accommodation, please notify us and we will work with you to meet your needs.

Please save a copy of this posting for your records. Please ensure that your application clearly demonstrates how you meet each of the required qualifications. Please note, selection for further consideration will be based on the information you provide in your application. Interviews may be conducted virtually through Microsoft Teams or in-person.

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