2500001761 - Controller

Lakeridge Health; Whitby; On-site; CAD 60,000 - 80,000; Full time

Job summary

A leading healthcare provider in Durham Region is seeking a Controller to oversee financial operations, ensuring compliance with regulations and strong internal controls. The role requires effective leadership and the ability to work collaboratively across departments, making an impact on strategic financial decisions and organizational sustainability. Qualified candidates will possess a CPA and extensive financial experience, with an emphasis on problem-solving and communication skills.

Qualifications

• Minimum five years of experience in a financial reporting or controllership role.
• Strong proficiency with Microsoft Office Suite.
• Demonstrated knowledge of Ontario Healthcare Reporting Standards.

Responsibilities

• Manage Accounts Receivable, Accounts Payable, and General Accounting teams.
• Ensure compliance with GAAP and internal policies.
• Lead and coordinate interim and year-end external audits.

Skills

Communication

Problem Solving

Leadership

Change Management

Analytical Skills

Education

Bachelor's Degree and Accounting Designation (CPA)

Tools

SAP

Power BI

Job description

Controller

Department: Finance

Program: Financial Services

Status: Regular Full Time

Days - 8 Hour Shifts (Subject to Change)

Lakeridge Health Corporate Office (Whitby)

Wage Schedule: $55.120 - $77.830 per hour

Vacancy: 2500001761

Position Description

Reporting to the Deputy CFO, the Controller is accountable for the General Accounting, Accounts Receivable, Accounts Payable, Capital Asset management and reporting, and Treasury functions. As well, this position is responsible for developing and maintaining strong internal controls, recommending and developing financial policies and procedures, leading the organization through the external audit process and ensuring compliance with MOHLTC guidelines and appropriate GAAP. The Controller is an integral member of the Finance team who works collaboratively cross functionally, internally and with external stakeholders, to enable LH's strategic objectives while ensuring sustainability and minimizing financial risk. In this capacity, this position will provide accurate and timely financial data on which planning, performance and operational decisions are made while also providing excellent service.

Duties And Responsibilities

• Manage the Accounts Receivable (AR), Accounts Payable (AP), General Accounting and Capital teams of finance;
• Manage a team of 9 direct reports consisting of an AR supervisor, an AP supervisor and the team of Financial Analysts and general accountants, while maintaining employee engagement, fostering a learning environment through coaching, mentoring, appraising and developing staff, and working collaboratively with other members of Finance to create a strong team dynamic;
• Provide managerial support to the supervisors and the team, including support of the unionized staff (AR & AP);
• Develop and implement succession plans across the portfolio;
• Ensure timely and accurate completion of month end processing, billing and collections, payments to vendors, capital transactions and production of financial information and reporting;
• Oversee the creation/maintenance of balance sheet account reconciliations to ensure account accuracy;
• Review and approve quarterly and annual regulatory filings such as HST remittances, and Charity Information Return (T3010) and ensure these are completed and submitted within regulated deadlines; prepare quarterly and annual reporting to Ontario Health and the Ministry of Health;
• Responsible for ensuring timely resolution of patient and/or vendor complaints or concerns; assist supervisors when necessary;
• Oversee the completion of monthly and year-end Financial Statements, including notes to the audited Financial Statements, in accordance with Canadian Public Sector Accounting Standards (PSAB); review of month end results and variance reporting for Senior Management and the Board;
• Develop, document, manage and maintain strong internal controls to protect organizational assets and monitor controls to ensure compliance with organizational policies and procedures, and all applicable laws, rules and regulations across portfolio;
• Recommend, develop and maintain financial policies and procedures;
• Keep abreast of changes in MOH and MLTC, Ontario Health, CCO and Health System Funding Reform (HSFR), the Ontario Health Reporting Standards (OHRS) and the Canadian Public Sector Accounting Standards (PSAB);
• Assist in the management of insurance coverage for protection against property losses and potential liabilities through ensuring the timely completion of insurance information returns and applications (property, liability and automobile), assist the Risk department in filing property claims as they arise and accumulating and submitting requests for reimbursement from insurance and requesting Certificates of Insurance as they arise;
• Manage the Treasury function including monitor cash balances and transferring funds between accounts, managing relationship with the banks and our Investment Manager; manage the Procurement Card program, maintain and ensure compliance with bank covenants;
• Maintain cash flow model/forecast to perform cash projections and maximize return on excess cash balances including assessing investment opportunities;
• Maintain the multi-year capital plan/model as part of the cash flow forecasting to assess impact of investment decisions;
• Manage system conversion projects as required;
• Continuously reviewing business processes looking for improvement opportunities to create efficiencies, increase throughput and maintain and strengthen internal controls;
• Maintain budget for the balance sheet accounts;
• Developing and monitoring key performance metrics;
• Approval of requisitions and expenditures within authority limit;
• Manage the internal audit function and report on results;
• Lead and coordinate the organization's interim and year-end external audit; oversee all year-end activities and report on any audit findings and issues;
• Prepare ad hoc reports and presentations for all levels of management and committees
• Cross coordination with other financial managers and staff in finance and other functional areas across the organization to review procedures and recommend new procedures to ensure efficiencies.
  
  

Qualifications

• Bachelor's Degree and Accounting Designation (CPA);
• Minimum five years of experience in a financial reporting or controllership role;
• Strong proficiency with the Microsoft Office Suite including Excel, PowerPoint, Word and Outlook;
• Demonstrated knowledge and practical application of MIS Guidelines and Ontario Healthcare Reporting Standards;
• Demonstrated extensive knowledge and practical application of the Canadian Institute of Chartered Accountants (CICA) handbook and Public Sector Accounting Board (PSAB);
• Experience with SAP and Power BI would be an asset;
• Demonstrated ability to lead effectively and create a high performance culture that facilitates growth and development;
• Experience with labour relations within a unionized environment would be preferred;
• Proven effective organizational, planning, assessment and evaluation skills;
• Exceptional communication skills - verbal written, report-writing and presentations, negotiations and facilitation skills;
• Strong change management skills and strategies to support goal achievement;
• Advanced skills in working collaboratively professionally with a broad range of internal and external stakeholders/partners in keeping with the strategic direction of Lakeridge Health and the goals of the department;
• Creative and self-motivated;
• Team player and team builder;
• Able to handle complexity and/or multiple deadlines at one time; responsive to time sensitive data requests;
• Excellent problem-solving and analytical skills including the ability to think strategically and critically;
• High degree of integrity including ability to successfully deal with sensitive or confidential information;
• Ability to exhibit poise, composure and confidence when confronted with challenging situations;
• Demonstrated commitment to LH core values of Inclusion, Compassion, Innovation, Teamwork & Joy;
  
  

Conditions Of Employment

The terms and conditions of employment are in accordance with Lakeridge Health's policies and procedures.

Lakeridge Health thanks all applicants, however, only those selected for an interview will be contacted.

Successful External applicants must provide a satisfactory Criminal Investigation Reference for the vulnerable sector, dated within the past six (6) months.

Accommodation will be provided in all parts of the recruitment and assessment process in accordance with the Accessibility for Ontarians with Disabilities Act (AODA). Applicants need to make their needs known in advance.

At Lakeridge Health we value inclusion and diversity. We are committed to fostering a culture that is respectful, inclusive and accessible and to employing a workforce that is representative of the diverse community we provide services to. As an equal opportunity employer we welcome applications from all qualified applicants.

Lakeridge Health is committed to providing a safe and healthy work environment and to preventing the transmission of COVID 19 infections among Lakeridge Health team members and our patients. New Lakeridge Health team members will be required to provide proof of full vaccination for COVID-19 during their Post-offer/Pre-employment Health Assessment, subject to any exemptions recognized under the Ontario Human Rights code.