DIRECTOR, FINANCE
(FULL-TIME, PERMANENT OPPORTUNITY)
Hey YOU! Are people often surprised when they learn you work in Finance? In other words, are you both a numbers person and (gasp!) a people person? If your accounting skills are as sharp as your wit, we want someone just like you to join the Toronto Global team!
WHO WE ARE
At Toronto Global, we're on a mission to attract, influence and support international businesses to grow in the Toronto Region. Our dedicated team takes the time to understand the specific needs and interests of each international company we work with and offers complimentary services that streamline access to the information and connections they need most to make well-informed business expansion decisions. Our private sector-led Board of Directors is made up of a highly engaged and dynamic group of leaders who reflect the Toronto Region's economic, multicultural and regional diversity. Companies we have helped land in the Toronto Region include big names -- like HCL Technologies, Twitter, Reddit, Netflix, Wayfair, Cloudflare, DoorDash, Pinterest, Infosys, Sanofi, Recursion, Snowflake, Unilever and more!
OUR PEOPLE AND CULTURE
We're an enthusiastic team of smart, passionate professionals. Our culture is built on empowering individual team members to contribute to something greater, whether it's by lending their voice to one of our internal staff committees or by getting involved in team social and business events. Interested in wellness and planning for the future? We've got you covered! In addition to a competitive base salary and performance bonus, this opportunity includes access to comprehensive health and dental benefits, an enhanced employee assistance plan (EAP), a professional development fund, and participation in our defined benefit pension plan with OMERS.
Our newly refreshed downtown office is by St. Andrew's subway station (a 5-minute walk to Union Station), and is located in the heart of local arts, culture, restaurants, major sporting events, and urban park space. We love driving the growth of the Toronto Region through our work and do it proudly. We are high achievers, but this doesn't interfere with our sense of humour, endless curiosity, and our desire to have fun! Our team works in a flexible hybrid environment, with a minimum of 3 days/week in-office and up to 2 days/week from home.
POSITION SUMMARY
The Director, Finance will lead strategic financial planning and oversee all financial operations for Toronto Global. This key leadership position will be the primary resource for the Finance \& Audit Committee Chair, provide guidance and propose solutions in relation to new funding agreements/renewals, and will monitor and report on the financial progress, results, and stability of Toronto Global. The Director will be responsible for developing and executing the annual operating budget; maintaining relationships with our funding partners at all three levels of government; managing cash-flow; financial planning and analysis; leading the audit process; and ensuring compliance with all contractual terms, legislation, and government requirements. Our ideal candidate is an energetic leader with a positive, solutions-focused approach to tackling new challenges and seizing new opportunities for Toronto Global and the Toronto Region, and most of all, protecting our bottom line.
KEY RESPONSIBILITIES
Strategic Financial Management
- Deliver accurate and detailed information to the CEO and executive management team (EMT), providing advice on financial and accounting processes and procedures
- Present and sign-off on accurate financial statements and reports for the CEO, Finance \& Audit Committee, and Board of Directors
- Manage and safeguard corporate assets, implement controls, and monitor cash flow
- Lead financial management, develop financial models, and conduct scenario planning to mitigate corporate risk
Leadership \& Accounting Operations
- Provide guidance and support to one direct report (Accountant) to ensure accurate and timely financial transactions, including A/P, A/R, payroll, OMERS reconciliations, Manulife , general ledger, and journal entries.
- Manage and negotiate corporate insurance, vendor contracts, corporate line of credit, corporate credit cards for staff, and office lease options with real estate broker at renewal
- Develop processes and procedures for internal review and audit to support financial KPIs and metrics
- Oversee transition to new accounting system including needs assessment, platform selection, implementation and training
Financial Planning \& Budgeting
- Oversee the annual budgeting process including preparation of the annual operating budget, projections, scenario analyses, and identification of relevant trends or challenges.
- Provide support and guidance to department leaders in developing and managing their respective budgets, analyzing variances, and taking corrective actions.
- Revise budgets subject to funding renewals and in-year corporate expenditures non-budgeted
- Work in collaboration with EMT to develop and prepare the budget section of the annual business plan and strategic plan (as required), based on funding
Controls, Audit \& Funding
- Manage the annual audit process, including working with external auditors and responding to all inquiries as they arise.
- Ensure compliance with Canada Revenue Agency (CRA) guidelines for all tax and reporting obligations, including sign off of GST returns and other required government payments.
- Maintain relationships with Government funding stakeholders, managing Toronto Global's funding agreements and claims process. Ensure all reporting and claims are submitted on a timely and accurate basis.
- Manage CRA or funder audits and contribute to the negotiations and activation of funding agreements
- Advise and support decision making on program funding, alternative revenue streams, and special projects, as required
- Manage annual and quarterly reporting obligations for federal, provincial and municipal funding partners and align reporting requirements where possible.
- Oversee invoicing to municipalities required by funding agreements and follow up on funding commitments
DESIRED SKILLS \& EXPERIENCE
- Bachelor's or Master's degree in Finance, Accounting, Business Administration or a related field
- Chartered Professional Accounting (CPA) designation in good standing is required
- Minimum of 8 years' experience in Finance, with at least 2 years at the leadership level
- Experience in both private sector and government-funded organizations, or within the non-profit, economic development, or innovation ecosystem
- Demonstrated expertise in developing and executing financial strategies that enhance organizational growth and ensure long-term financial sustainability
- Ability to simplify complex funding agreements and claims into clear, transparent budgets for department leaders
- Strategic planning skills, including risk assessment delivery and implementation of effective mitigation strategies
- Experience in preparing for and managing different types of audits
- Advanced Excel skills and expertise with accounting software such as QuickBooks, Sage or related required
- Solid proficiency with MS365 applications (Word, PowerPoint, Outlook, Teams, SharePoint, etc.)
- Experience with payroll applications (e.g., ADP) and automated expense software (e.g., Float, Concur) is an asset
- Experience establishing KPIs and metrics to benchmark, drive results, and support operational excellence
- Passion for automating and modernizing Finance activities using technology and AI
- Strong leadership skills with a proven track record of mentoring staff and motivating high-performing teams
- Financial and business acumen with an in-depth understanding of financial regulations, not for profit accounting standards, including experience with PSAB standards, and best practices in financial management
- Excellent organizational skills, attention to detail, and intentional time management to meet tight deadlines
- An appreciation and understanding of the global economic and business climate and a passion for the Toronto Region is a must!
HOW TO APPLY
Qualified candidates are encouraged to email their resume and cover letter to careers@torontoglobal.ca by May 12, 2025 . Please include your full name and the job title in the subject line of your email. We sincerely thank all candidates for their interest, however only those selected for an interview will be contacted.
Toronto Global is committed to diversity, equity, and inclusion in the workplace, because we believe it contributes to innovation, better decision-making, and a deeper understanding of the community we serve. We encourage women, racialized people, Indigenous peoples, persons with disabilities, members of the LGBTQ2S community, and other equity-seeking groups to apply. To ensure our recruitment practices are equitable and our work environment is barrier-free, accommodations are available at all stages of the talent acquisition process upon request. Learn more about what makes us a great place to work HERE .
At Toronto Global, we strive to provide everyone with the assurance that they can show up as their true selves at work and achieve their full potential. We look forward to hearing from you!
Toronto Global's values in action: We're not just keeping up; we're leading the way | Client first, always | Your search stops here | Our work makes a difference | Together we are better.
