Chief Financial Officer

Ivey Business School at Western University; London; On-site; CAD 133,000 - 179,000; Full time

Job summary

Ivey Business School is seeking a Chief Financial Officer (CFO) to report directly to the Dean. The CFO will manage financial strategies, oversee operations, and ensure governance adherence. Candidates must possess significant leadership experience in finance, specifically within a complex environment. The role offers a competitive salary and a comprehensive benefits package.

Benefits

Flexible or hybrid work plans

Market competitive compensation

Generous benefits package

Enhanced mental health benefits

Paid time off during School’s December closures

Supports for professional development

Qualifications

• Minimum 10 years of progressively senior leadership experience in Finance.
• Experience in complex, fast-paced environments.
• Non-profit Board experience and knowledge of governance.

Responsibilities

• Responsible for planning and developing annual budgets for all departments.
• Provide leadership and oversight for Finance and Accounting functions.
• Ensure the financial health and stability of the school.

Skills

Strategic Thinking

Problem Solving

Risk Management

Collaboration

Education

Undergraduate degree in Business or related field

CPA (Chartered Professional Accountant)

MBA degree preferred

Job description

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Hiring Range: $133,836 - $178,448

Ivey Business School acknowledges and respects the traditional lands of the Anishinaabek, Haudenosaunee, Lūnaapéewak, and Attawandaron peoples, where Western University and Ivey Business School are located. This land continues to be home to diverse Indigenous peoples, whom we recognize as contemporary stewards of the land and vital contributors of the community. Ivey Business School (www.ivey.ca) at Western University (www.uwo.ca) is Canada’s leading provider of real-world, case-based business education. Drawing on extensive research and business experience, Ivey’s faculty provides the best classroom experience, equipping students with the knowledge, skills, and capabilities they need to confidently take on today’s leadership challenges and opportunities through Case-Method Learning.

Position Overview:

The Chief Financial Officer (CFO) reports to the Dean and serves as a member of the School’s Executive Committee. The CFO will provide advice and counsel to the Dean, Associate Deans, CAO, and other administrators in the school on a wide range of issues including financial, and legal matters. Under the Dean’s leadership, the CFO will contribute to the development and execution of the school’s strategic and operational plans through the annual planning process. The CFO, in partnership with the Executive Committee, will ensure that departments in the school are aligned to achieve the school’s objectives. Along with the Dean, Associate Deans and CAO, the CFO is accountable to the Board of Governors of Western University, Western University Senior Administration, the Ivey Advisory Board, and the Ivey Group of Companies Board for the achievement of the school’s strategic and operational plans. The incumbent will possess a comprehensive understanding of the school’s business and will ensure that activities in the departments reporting to them are aligned with the vision and goals of the organization.

The CFO will fulfill the role of Treasurer for the Ivey Group of Companies. This includes the Ivey Business School Foundation and the Ivey Business School Asia entities. The Treasurer of these boards will be responsible for all financial and legal matters of the Boards, ensuring timely communication and reporting. The Treasurer will work with the Chair and CEO of the Board (Dean) to develop and implement governance practices for strategic and operational oversight of the Ivey Group of Companies, allowing all board members to fulfill their fiduciary duty. The Treasurer will have a thorough understanding of the operations of the Ivey Group of Companies and help to shape and execute the ongoing strategy, working with the CEO (Dean) to optimize business results and ensure adherence to all applicable regulations and laws.

Responsibilities:

• Strategic and Operational Planning
• In partnership with the Dean, Associate Deans and CAO, the CFO is responsible for planning and developing and communicating the annual plans (operating budget, capital) for all departments in the school and its related companies (Ivey Business School Foundation & Ivey Asia).They will ensure that all organizations and operations of the school and related companies are aligned to deliver on objectives and goals as outlined in the strategic plan.
• In partnership with the Dean, Associate Deans and CAO, the CFO is responsible for all matters related to human capital at the Ivey Business School and related companies. This includes performance & professional development, compensation, total rewards, on and off boarding, employee relations and safety. Ensure alignment to operational and strategic planning goals.
• Leadership support to the execution of the strategic plan including financial analysis (modelling, pricing strategies, cost/benefit), legal advice and organizational design and development to support initiatives.
• Has a firm understanding of Ivey’s financial model and is anticipatory of future impacts and changes by staying up to date on non-profit accounting changes, changes in government policy etc.

2.Leadership

• Engaged member of the Executive Committee, Management Committee and Senior Operations Committee. Active member who shares leadership insights, operational and strategic experiences, and advice, financial, legal. Participates in key decisions impacting operations and strategy.
• Provide leadership and oversight for the Finance and Accounting function at both the Ivey Business School and Ivey Business School Foundation.
• Oversee and coach activities of their direct reports, conduct performance reviews, and provide on-going developmental feedback and opportunities for professional development.
• Ensure the organizations under their responsibility are resourced and positioned to achieve their goals and objectives.
• Establishment of appropriate accounting and financial controls, regular financial reporting, and risk management processes.
• Ensure financial health and stability of the school and related companies. The school’s annual budget is approximately $120M, Ivey Foundation is approximately $40M.
• Quarterly financial reporting, opportunity identification and risk management.
• Accurate and timely financial statement preparation and communication (monthly/annual).
• Fulfil the role of Treasurer of the Board overseeing the financial matters of the board and ensure all board members are adequately informed of all financial related and legal issues.
• Assist the Chair and CEO of the Board in developing and executing sound governance practices, board member on-boarding and off-boarding, risk management practices and required legal filings; ensuring each member can fulfill their fiduciary duty.
• Lead the external relationships with Western procurement on the supply of goods & services to the Ivey Business School ensuring adherence to stated public sector procurement rules and optimizing where possible price, availability, and contract terms.
• Lead the external relationship with legal counsel including general counsel ensuring adherence in all legal jurisdictions of operations.
• Lead the external relationship with the public accounting firm contracted for the Ivey Business School Foundation.
• Ensures adherence to all legal, governance, financial, audit and tax agreements that may impact the operations of the Ivey Business School or related companies.

Qualifications:

Education and Experience:

• Undergraduate degree in Business or related field and CPA (Chartered Professional Accountant). MBA degree preferred.
• Minimum 10 years of progressively senior leadership experience in Finance and in a complex, fast-paced environment; senior management experience is required, including leadership experience at the Director, Controller or Chief Financial Officer level.
• Non-profit Board experience and knowledge of board governance and responsibilities.

Skills and Abilities:

• Demonstrated capacity to think strategically with strong analytical and problem-solving, decision making and critical thinking skills, including proven ability to work with ambiguity.
• Risk Management, collaboration, organizational and negotiation skills.
• Excellent oral and written communication skills to address the information needs of internal and external stakeholder groups.
• Superior interpersonal skills and the ability to manage in a complex environment using sound judgement to balance multiple stakeholder positions.
• Professionalism and diplomacy, sensitivity in working with confidential information.

What We Offer:

• Flexible or hybrid work plans for many roles
• Market competitive compensation with annual increases available
• Generous benefits package with employer-paid premiums, including a comprehensive Health and Dental Plan, Health Care Spending Account, short- and long-term disability programs, no waiting period required.
• Enhanced mental health benefits coverage and resources.
• Life and AD&D insurance for you and your family.
• Out-of-country travel insurance.
• Employee and Family Assistance Program.
• Pregnancy and Parental top-up leave program.
• A generous group retirement savings plan with 7.5% employer contributions.
• Vacation starting at 15 days per year plus 2 paid Ivey Personal Days.
• Paid time off during the School’s December holiday closure.
• Supports for professional development and career progression opportunities.

Equity, Diversity, and Inclusion at Ivey

Ivey Business School is committed to Equity, Diversity, and Inclusion. Please explore Ivey’s EDI homepage for more information on Ivey's commitment to EDI, to read about Ivey’s progress in the EDI Update, and to meet Ivey’s EDI Advisory Council members.

Ivey Business School invites applications from all qualified individuals. Ivey is committed to employment equity and diversity in the workplace, and welcomes applications from women, members of racialized groups/visible minorities, Indigenous persons, persons with disabilities, persons of any sexual orientation, and persons of any gender identity or gender expression.

Accommodation

Prior to the next step in the recruiting process, we welcome you to inform us confidentially if you may require any accommodations in order to participate fully in our recruitment experience. Please contact us [e-mail] to notify us of any needs related to completing the job application, and/or throughout the recruitment process.

Application:

If you're excited about joining Canada's leading business school and meet the qualifications, please submit your resume and cover letter via the Ivey Careers page by the application deadline.

*Please note only selected candidates will be contacted.

Seniority level

• Seniority level

  Executive

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing

• Industries

  Higher Education

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