Controller, Finance & Banking, Financial Reporting

ABOUT THE JOB:

The Controller reports to the Senior Director of Finance and oversees day-to-day financial operations the preparation of internal and external financial reporting and provides a senior level of financial and budget planning support related to Association operations. The position maintains the Association’s system of accounts; ensures the accuracy and timeliness of all financial data; and performs financial reviews and analysis. This position is responsible for the direct supervision of the Accounting and Payroll departments.

• Responsible for and maintains the Association’s system of accounts, ensuring all financial information is recorded in a timely and accurate manner. Performs regular reconciliations and analysis of general ledger activity.
• Oversees the management and administration of the Association’s Financial Software to effectively run Full-Cycle Accounting and Payroll functions.
• Assists in the development and implementation of policy, standards and procedures to ensure overall effectiveness and accuracy of financial information.
• Oversees all Association banking functions.
• Reviews accounting practices and internal control procedures. Assists in developing, implementing and monitoring systems and procedures to maintain effective internal controls. Develops improvements that will mitigate fraud or financial loss to the Association. Ensures proper segregation of duties within the department and Association.
• Monitors regulatory changes and reporting requirements and implements appropriate systems and processes to meet requirements. Ensures the Association operates under the provisions of the Societies Act, Charities Registration (Security Information) Act, Income Tax Act, statutory regulations, and generally accepted accounting principles of a registered charity.
• Maintains effective working relationships with Association staff and ensures they receive timely financial advice and reporting to manage their positions and departments effectively. Educates staff on financial processes, budgeting and planning, including preparing guides and training materials as required.
• Researches, develops and implements reporting tools and information delivery processes to ensure effective and timely access to financial information. Provides advice and guidance in the development, design and evaluation of ad hoc and routine reports by collaborating with Association staff to provide information for planning and decision-making. Ensures management information is readable, relevant, comprehensive and accurate.
• Assists in forecasting and the annual budget planning. Develops and executes budget projections, fund structures, costing models, analysis and budget planning support. Develops standard reporting to be used for comparison across departments. Supports costings for new hires, projects, programs and initiatives by evaluating funding requirements and availability and preparing complex cost-benefit and risk analysis to support new initiatives.
• Manages and oversees month end and financial review processes, including the posting of journal entries, reconciliation of accounts, and ensures the accuracy, completeness and timeliness of financial information in the general ledger. Also prepares monthly financial statements, performs detailed analysis and communicates areas of concern to budget officers as required. Evaluates and reports on all variances to budget, providing business reasons and recommends recovery plans for unfavorable variances.
  
  Prepares financial reports for the Board’s Finance and Audit Committee.
• Coordinates the completion of the annual audited Financial Statements. Prepares lead sheets, analysis and supporting documentation as required for review by the…