Financial Officer Job at Meaford Hospital Foundation
Position Description
Financial Officer, Meaford Hospital Foundation
Position Summary: The Financial Officer is responsible for the daily, monthly, and annual financial requirements of the Foundation. This includes ensuring all revenue and expenses are processed in a timely manner, in accordance with generally accepted accounting principles, and ensuring receipts are issued in accordance with CRA guidelines. The Financial Officer reports to the Executive Director of the
Foundation and liaises with the Treasurer of the Board.
This position is part time 1-2 days per week, with flexibility to adjust based on monthly & annual deadlines.
Meaford Hospital Foundation is a registered charitable organization that exists to raise and manage funds for the purpose of purchasing capital equipment and building improvements at Meaford Hospital and Grey Bruce Health Services, in support of excellent healthcare for residents of Meaford, its surrounding communities, and visitors to our region.
Key Responsibilities:
Donations
- Ensure that donations are processed and deposited in a timely manner, and that month end and year end donations are posted in correct periods
- Co-ordinate and assist in the timely posting of donations in Raiser’s Edge software, ensuring accuracy of records
- Post all donations into the Quickbooks general ledger by batch daily/weekly, ensuring consistency with general ledger and approved budget account coding
- Ensure revenue recorded in QuickBooks and in Raiser’s Edge are reconciled periodically
- Ensure compliance with CRA donor receipting, PCI legislation and donor confidentiality
Financial
- Process and document all approved accounts payable invoices, ensuring HST rebates are maximized. Ensure postings are consistent with the approved budget and general ledger accounts
- Prepare monthly bank reconciliations
- Prepare an annual budget for Board approval, and prepare quarterly budget variance statements for Finance Committee and Board, highlighting areas of concern
- Provide monthly and year end reports including Balance Sheet and Income Statement. Prepare reports, agendas and minutes for Finance/Investment Committee
- Prepare reports and financial analyses as requested by the Executive Director and Treasurer of the Board
- Project cash requirements and monitor the cash flow, maximizing the investment income of the
Foundation, in compliance with the Investment Policy
- Recommend any changes to banking arrangements
- Ensure the organization complies with all legislation covering taxation, and files HST returns semi annually
- Comply with all procedures and policies, and support the review of and recommend changes to existing policies and procedures
- Recommend office efficiencies in processing of financial transactions, and changes to processes to adhere to internal controls
- Monitor and book any adjustments to the investments of the Foundation, including providing investment reports from advisor to Investment Committee
- Prepare all year end working papers for external auditors and support the audit process from start to finish
- Assist auditors in reviewing the annual charity return and ensure it is received by the CRA deadline
- Attend Board and Committee meetings as required and support as requested
Other
- Provide support as required for fundraising events and be part of the Foundation team as required
Required Qualifications
- Certificate/Diploma in Accounting or related financial discipline
- Minimum of 5 years accounting experience preferably in fundraising and not-for-profit or charity environment
- Knowledge and understanding of Generally Accepted Accounting Principles, fund accounting and internal controls
- Strong computer skills including QuickBooks, Microsoft Office
- Knowledge of BlackBaud (Raiser’s Edge) a strong asset
- Sound knowledge of CRA Regulations for Registered Charities
- Experience in creating, monitoring and adhering to budgets
- Excellent communication skills, both written and oral
- Ability to work independently and cooperatively as part of a small team
- Adhere to strict confidentiality of donor and financial information
- Ability to use discretion, judgement and tact in handling sensitive or confidential information and situations
- Scheduling flexibility
- Knowledge of Grey Bruce Region considered an asset
Job Type: Part-time
Salary: $30.00-$35.00 per hour
Benefits:
- Flexible schedule
Schedule:
- Monday to Friday
Ability to commute/relocate:
- Meaford, ON: reliably commute or plan to relocate before starting work (required)
Work Location: One location
Application deadline: 2023-02-20
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