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LOFT Community Services is one of the largest community service providers in Ontario, supporting people facing a combination of mental and physical health challenges, addiction issues, poverty, and/or homelessness. They build customized supports that specifically address a person’s needs and offer them for as long as they’re needed. As one of the largest mental health service providers in Ontario, LOFT works with all major, local hospitals where they operate. Along with 250+ leading partners, they provide internationally accredited, community-based support and housing to people facing the most complex of needs. LOFT is a values-driven organization with a deep belief that each person has the ability to grow and change. Most importantly, each person deserves the opportunity to do so. They embrace the individual needs and aspirations of each client and encourage mutual support within their programs to enable each client to attain their potential. LOFT clients become part of a community where they are accepted without judgment. In addition, their housing programs provide safety, security, and a sense of belonging. If someone has felt excluded or different, finding acceptance can be a powerful therapy. LOFT is a place for recovery and growth within a supportive community.
Job Responsibility:
Development of the organization’s overarching financial strategy, including the investment policy for LOFT
Optimize efficiency and performance within the portfolio, driving the financial strategy, ensuring long-term sustainability, and providing critical insights to support strategic decision-making and the development of short and long-term financial plans and proactive management of risk
Ensure effective financial controls and treasury operations are effective and reliable
Advise and collaborate with the senior leadership team (SLT), and the Board, on how best to align financial planning with LOFT’s mission, strategic priorities and enhance the overall impact and sustainability of our programs and infrastructure
Responsible for Financial Strategic Planning, Financial Risk Management and Development, Financial Planning, Analysis and Internal Controls, People Leadership, Technology (in collaboration with the VP, Operations), and Stakeholder Relations
May also need to step in for the CEO, as required
Requirements:
Chartered Professional Accountant designation required
Degree in Finance, Accounting, Business Administration, or a related field
Master’s Degree (MBA, MPA or similar) is preferred
Minimum 10 years’ financial planning and management experience combined with progressive responsibility for the overall administrative affairs of a not-for-profit organization
Minimum 5 years’ experience in a strategic leadership role and business development experience
Experience in a public sector setting in an organization, preferably with Ministry of Health and Ontario Health funding
Strong ability to communicate, and capacity to generate alignment across multiple stakeholders to advance LOFT’s mission and impact
Proficiency in advanced financial modeling and forecasting tools
Strong leadership and team management abilities
Solid understanding of platform solutions and enabling technology
Experience optimizing capital structure and cash flow in a not-for-profit setting
Solid knowledge of enterprise-wide financial and related systems with substantial experience managing, implementing, changing, and integrating processes and systems in a planned and holistic fashion
Expert knowledge of GAAP standards, and procedures utilized in a non-profit environment
A proven track record working in a multi-funder environment and successfully managing a complex and strategic financial ecosystem
Demonstrated partner-centric approach to finance, including understanding and meeting the needs of internal and external stakeholders
Excellent analytical and reporting skills
be able to collect data, forecast/model, present and communicate clearly on patterns and gaps to various stakeholders
Future focused, with an understanding of healthcare’s fast-changing environment
Commitment to embracing and valuing diversity, equity and inclusion
working with a multicultural workforce, while demonstrating cultural humility in all interactions
Exhibit a deep commitment to LOFT’s mission and goals