Manager, Finance

at  LOFT Community Services

DATE: September 26th, 2024
LOCATION: Toronto, ON – Finance
COMPENSATION: $ 85,120 - $ 105,756 Annually Prorated
LOFT Community Services is a unique and dynamic charitable organization that supports people living with complicated issues such as mental and physical health challenges, substance use challenges, poverty and homelessness. Serving approximately 19,633 annually and providing 1,861 units of supportive housing last year, LOFT is one of Ontario’s largest mental health service providers of its kind. LOFT is also recognized as a Nonprofit Employer of Choice™ Award (NEOC) recipient.
To help fulfill its mission, LOFT is hiring a Manager, Finance.

JOB SUMMARY

Under the direction of the Director of Finance, the Finance Manager is integral to the detailed preparation of the annual corporate budget. The position is also responsible for preparing budget submissions for review by senior management critical in securing and maintaining funding for the various programs within the corporation from a variety of funding authorities. Monitoring program expenditures in comparison to detailed budgets on a regular basis to ensure programs are operating within their financial means is an important function which is necessary to ensure the continuing financial stability of the Corporation

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LOFT Community Services is committed to fostering an inclusive and accessible environment and dedicated to building a workforce that reflects the diversity of the community in which we live and serve. LOFT is committed to making employment opportunities accessible in accordance with the Accessibility for Ontarians with Disabilities Act, 2005. Requested accommodation will be provided in all parts of the application and hiring process by contacting hrteam@loftcs.org or (416) 979-1994.
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• Gain a thorough overall knowledge of the Program and their funder - Oversee budgeting, forecasting, and financial analysis for programs and sections as determined by the Director and Senior Director of Finance.
• Provides support to the Program management regarding planning, budgeting, reporting, and forecasting along with the execution of an accurate budget, forecast, analysis and reporting.
• Compare budgeted figures against actuals and provide variance analysis. Identify and investigate variances between budgeted and actual financial performance and create corrections when needed with the support of the analyst staff.
• Provide on-going training and mentoring for the Program management on budgeting, forecasting, and general financial issues to augment the staff’s knowledge and skills and improve the department’s financial performance.
• Manage reports and special analyses as required and provide financial and business service required by various groups.
• Supervises the financial analyst and helps train and create, review, and approve journal entries for accuracy and completeness.
• Ensures on-going monitoring and reporting budgets and report to various governments.
• Work closely with the Accounting Manager to see if all entries are in and reconciliations completed for payroll.
• Perform and oversee reconciliations of general ledger accounts and other accounts as maybe assigned.
• Analyze fund utilization, donor contributions, and grant expenditures.
• Supports the preparation of consolidated financial statements and reports.
• Monitor and ensure adherence to non-profit financial regulations and standards.
• Assist with internal and external audits, providing necessary documentation and explanations.
• Implement process improvements to enhance financial operations and reporting.
• Other duties as assigned by the Director.