Finance Manager

POSITION: FINANCE MANAGER

HOUR OF WORK: FULL-TIME, PERMANENT (35 HRS/WEEK)

REPORTS TO: CHIEF FINANCIAL OFFICER (CFO)

WAGE RANGE: $95,000 - $120,000/year

PROGRAM

The Finance Division is guided by the Financial Administration Law (FAL) and its associated policies. Tsawout First Nation is Certified under the FNFMB FMS Certification. The Finance department is responsible for managing the day-to-day financial services to the Tsawout First Nation (TFN). The Finance Division will include expertise in financial planning, budgeting, monitoring and reporting service plan development, performance measures, financial policy and procedures management, financial systems support, debt management, payroll, and revenue and accounts receivable and payable.

POSITION SUMMARY: The Finance Manager provides leadership and expertise in the implementation and management of the financial planning policies and systems that guide the development, monitoring, control, and reporting of the Nation’s annual and long-term capital, operating and revenue budgets and forecasts. The Finance Manager is responsible for the management, integrity, reporting of all budget, expenditure, and revenue information so that the organization achieves its budget and targets.

DUTIES AND RESPONSIBILITIES

• Provides professional financial guidance and support in accordance with the approved practices, policies, budgets, standards and guidelines;
• Ensures the financial systems, policies, procedures, directions and internal controls are appropriately designed and operating effectively and in compliance with TFN’s Governance Policy;
• Administers and maintains all charts of accounts of the TFN;
• Prepares the draft annual budgets and, with advice and input from the Tax Administrator, and prepares any draft amendments to the component of the annual budget respecting the TFN’s local revenue account;
• Monitors compliance with agreements and funding arrangements and legal obligations entered into by the Nation, and with any policies, procedures and directions of the Council respecting the financial administration of the Nation.
• Creates and/or recommends procedures for the safeguarding of assets and for identifying and mitigating financial reporting and fraud risks.
• Develops and manages cash flow forecast and review bank statements to ensure sufficient working capital for day-to-day operations.
• Prepares monthly financial information, quarterly financial statements, and the draft annual financial statements required in the Governance Policy;
• Prepares or supervises the preparation of financial reports or other documentation required for distribution and presentation at Council meetings;
• Prepares the financial components of reports to the Council and of any short, medium and long-term plans, projections and priorities referred to in the Governance Policy;
• Monitors compliance with any agreements and funding arrangements entered into by the TFN;
• Administers and supervises the preparation and maintenance of financial records and the financial reporting systems;
• Administers and supervises the maintenance of the records of all receipts and expenditures of the TFN to facilitate the annual audit;
• Actively monitors compliance with the FAL, the Governance Policy, any other applicable First Nation law, applicable standards and any policies, procedures and directions of the TFN Council respecting the financial administration of TFN;
• Prepares or provides any documentation and financial information required by the TFN Council or the Finance and Audit Committee to discharge its responsibilities;
• Evaluates the financial systems of TFN and recommends improvements;
• Develops and recommends procedures for the safeguarding of assets and ensures approved procedures are followed;
• Develops and recommends procedures to the TFN Council for identifying and mitigating financial reporting and fraud risks and ensures approved procedures are followed;
• Ongoing review of financial services and department to ensure effectiveness and efficiencies;
• Ensures financial systems and procedures are harmonized and completes issue management in a timely manner;
• Manages payroll, accounts receivable and accounts payable processes…