Board of Directors and Finance Committee Board Member

Stella’s Place; Toronto; On-site; CAD 150,000 - 200,000; Full time

Job summary

Stella's Place seeks a dedicated Board Member for the Finance Committee to support financial sustainability and compliance. This role involves active participation in board meetings, oversight of financial policies, and collaboration with senior management to ensure effective financial management. Ideal candidates are passionate about mental health advocacy and have experience in finance or nonprofit management.

Benefits

Gain valuable nonprofit governance experience

Expand your professional network

Make a direct impact on mental health services

Qualifications

• Passion for mental health advocacy.
• Understanding of financial statements and audits.
• Experience with policy design and evaluation.

Responsibilities

• Attend and participate in board and committee meetings.
• Support financial policies and budgeting.
• Provide financial recommendations to the Board.

Skills

Analytical skills

Problem-solving skills

Collaboration

Education

Experience in finance or accounting

Nonprofit financial management experience

Job description

Position : Board of Directors and Finance Committee Board Member

Organization : Stella's Place Board of Directors

ABOUT STELLA’S PLACE :

Stella's Place is a charity dedicated to supporting young adults (ages 16-29) through accessible mental health services, peer support, and community-based programs. Our mission is to provide inclusive, evidence-informed care that empowers young adults in their mental health journeys.

Mission : Partnering young adults and professionals to provide a collaborative, innovative model of mental health services.

Vision : Healthy, resilient young adults living the lives they choose.

Values : At Stella’s Place, we fundamentally value the capabilities and contributions of young adults, as we seek breakthrough innovations that benefit our community and society as a whole.

Role Overview :

The Director, Finance Committee Member is a key member of the Board of Directors, with specific responsibility for supporting the Treasurer and actively participating in the Finance Committee. This role works closely with the Treasurer and members of the Senior management committee to ensure the financial sustainability of our charity and compliance of financial matters for charities under CRA rules for not-for-profits. They oversee financial policies for both the operation and for gift acceptance, planning and support a successful audit process. The Finance Committee Member will also provide recommendations and insights to the Board regarding financial matters.

Key Responsibilities :

• Attend and actively participate in board meetings, relevant committee meetings and at least one Stella’s Place community event per year.
• Actively champion Stella’s Place, and our mission, while serving on the Board.
• Support the Treasurer in overseeing financial policies, budgeting, and fiscal management.
• Support the Treasurer and Senior Management in drafting gift acceptance tools, and policies around endowments, securities, insurance policies, use of reserves and matters financially material to maintaining charitable status.
• Participate in regular Finance Committee meetings to review financial statements, reports, and key financial decisions.
• Work with the Treasurer and management to ensure a smooth and successful audit process.
• Provide financial recommendations and insights to the Board regarding budgeting, risk management, and financial sustainability.
• Review and assess financial policies to ensure compliance with nonprofit financial best practices and legal requirements as needed.
• Assist in identifying financial risks and developing strategies to mitigate them.
• Offer guidance on fundraising and revenue-generation strategies from a financial perspective.

Qualifications :

• Passion for mental health advocacy and commitment to Stella’s Place’s mission.
• Experience in finance, accounting, nonprofit financial management, or a related field.
• Understanding of financial statements, audits, and risk management in a nonprofit context.
• Experience with policy design and evaluation.
• Strong analytical and problem-solving skills.
• Ability to work collaboratively with board members and organizational leadership.
• Previous board or finance committee experience is an asset but not required.

Commitment :

• Serve a four-year term with the possibility of renewal.
• Attend bi-monthly board meetings (virtual or in-person) and finance committee meetings as needed.
• Dedicate approximately 5-8 hours per month to board and finance-related activities.
• Make Stella’s Place your “charity of choice” while serving on the Board and endeavour to financially support Stella’s Place to the best of your ability in your capacity as Board Director.
• Attend at least one Stella’s Place event per year.
• Participate in financial planning, audit oversight, and budget review processes.
• Open doors to your personal and professional networks with the aim of championing the Stella’s Place mission, and financial security.

Benefits of Serving :

• Contribute to the long-term success of mental health services for young adults.
• Make a direct impact on the financial health and sustainability of Stella’s Place.
• Gain valuable nonprofit governance and financial management experience.
• Expand your professional network and collaborate with a passionate community.

How to Apply :

Interested candidates should submit a resume and a brief letter of interest outlining their relevant experience and motivation for applying to [e-mail]. Applications are accepted on a rolling basis until the position is filled.

Join us in ensuring financial strength and sustainability at Stella’s Place!

DIVERSITY, EQUITY, AND ACCOMMODATION :

Stella’s Place is committed to having a workforce that is reflective of the diversity of the City of Toronto in general and of our participants in particular. We strongly encourage applications from racialized persons, Indigenous persons, persons with disabilities, persons of diverse sexual orientation, gender identity and gender expression and all those who can provide and contribute to diversification of perspective at Stella’s Place.

Stella’s Place is committed to recruitment practices that are inclusive and barrier free. Stella’s Place will provide reasonable and appropriate accommodation during all stages of the hiring process in accordance with the Ontario Human Rights Code in order to ensure the equal and fair assessment of all job applicants. Applicants are asked to make any accommodation request in advance.

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