ABOUT SICKKIDS

Dedicated exclusively to children and their families, The Hospital for Sick Children (SickKids) is one of the largest and most respected paediatric healthcare centres in the world. As innovators in child health, we lead and partner to improve the health of children through the integration of healthcare, leading-edge research and education. Our reputation would not have been built – nor could it be maintained – without the skills, knowledge and experience of the extraordinary people who come to work here every day. SickKids is committed to ongoing learning and development, and features a caring and supportive work environment that combines exceptionally high standards of practice.
When you join SickKids, you become part of our community. We share a commitment and determination to fulfill our vision of Healthier Children. A Better World.
Don’t miss out on the opportunity to work alongside the world’s best in paediatric healthcare.

POSITION DESCRIPTION

The Director, Corporate Finance & Transformation provides vision, direction, leadership, support and guidance for the Corporate Finance and Transformation portfolio while supporting the Hospital¿s vision, strategic directions and values. Working in conjunction with the VP/CFO, and other Finance Directors, provides leadership to teams responsible for:

Corporate Finance

• Consolidated financial accounting and reporting of the Hospital
• Capital budgeting across the Hospital (> $100 million annually)
• Financial stewardship of the Hospital re-development project (Project Horizon)
• Financial oversight of the Hospital¿s pension and investment funds
• Billing and accounts receivable functions for the Hospital
• Full-cycle accounting and budgeting services for the Hospital¿s external entities

Finance Transformation

• Responsible for the strategy for Finance systems in conjunction with IMT. Ensure that information systems are being used optimally and updated as required
• Ensure that Finance is appropriately represented in the overall Enterprise-wide Data Strategy and is aligned with other systems and data sets
• Responsible for reviewing and ensuring that the internal control environment is adequate to safeguard assets and information
• Develop and deliver finance literacy training for all levels of SickKids staff
• Maintain currency on Finance Policies and Procedures
• Maintain currency on My Finance Intranet
• Conduct operational reviews of business processes leading to process improvements
• Share best practices across Finance departments
• Develop and implement a comprehensive employee engagement strategy to enhance the level of employee satisfaction across the Finance Department
• Ensure opportunities for professional and leadership development are available and promote an environment that supports excellence and continuous learning

• Lead all consolidated financial reporting for the Hospital both internally and externally (including Hospital Operations, the Research Institute and Commercial Ventures)
• Lead consolidated multi-year reporting and financial outlook to drive key strategic decision-making at the Board-level
• Oversee 4 annual external audits including for the Hospital, Hospital Pension Plan, SickKids Community Mental Health (CCMH, CCMH LI) and the CCMH Pension Plan, ensuring accuracy and completeness of Annual Audited Financial Statements
• Working together with other Finance leadership team members:
• Lead annual and multi-year planning processes for Hospital capital projects resulting in annual capital > $100 million per year and multi-year financial outlook. Primary internal users of plans are Directors, Executives, Finance & Audit Committee and Board of Trustees. Primary external users are SickKids Foundation, Credit Rating Agencies, Banks and Ministry of Health
• Recognize and escalate financial and operational issues and opportunities for capital funding to Senior Management
• Present financial results to Hospital Managers and Directors, Senior Management and the Finance & Audit Committee of the Boards (SickKids, CCMH and CCMH LI)
• Oversee all accounting, reporting and operational functions of the Hospital Pension Plans (including external entities) as well as the Investments held by the Hospital and SickKids Foundation
• Oversee the Pension, Investment, and Trust Funds of SickKids and the SickKids Foundation
• Provide leadership for investment reporting to the Investment & Pension Committee of the Board including Risk Profile
• Ensure banking covenant compliance, credit facility monitoring and banking relationship management
• Oversee performance management monitoring of Investment Managers for both the Hospital and SickKids Foundation
• Lead cash flow management and forecasting including short-term investments
• Oversee the Accounts Receivable function for the Hospital, ensuring timely billing and collections and enhancing performance through KPI and other metric monitoring
• Implement collection policies that balance fiduciary needs of the Hospital with patient and family sensitivity
• Director of Finance for SickKids Centre for Community Mental Health, working closely with the Executive Director leads to oversee all financial accounting, reporting and budgeting for the Centre
• Oversee all financial accounting, reporting and budgeting for all other external entities including Kids Health Alliance (KHA) and Boomerang
• Evaluate and recommend improvements to financial controls, processes, and systems
• Provide leadership for selected projects in partnership with others across the Hospital (i.e. myFinance upgrades, Qlik Financial Applications, etc.)
• Provide leadership, support and direction to staff to ensure high standards of accountability and service
• Ensure opportunities for professional and leadership development are available and promote an environment that supports excellence and continuous learning
• Responsible for recruitment, performance monitoring and disciplinary actions
• Drives processes such as policy development and maintaining a strong internal control environment.
• Lead the continuing development of portfolio process improvement initiatives, working with VP Finance/CFO and Director, Finance ¿ Hospital Operations to develop and implement a finance transformation roadmap
• Collaborate with, support, report to and build relationships with key internal and external stakeholders including Hospital Directors, Senior Management and Board members, SickKids Foundation, external and internal auditors, Ministry of Health, external entities and associated partners, banks and regulatory bodies, credit rating agencies, investment managers, CRA and actuaries