Finance Manager

Recruiting In Motion; Toronto; Hybrid; CAD 80,000 - 100,000; Full time

Job summary

A community-driven nonprofit organization is seeking a Finance Manager to lead financial operations. Responsibilities include budgeting, compliance, and audits, as well as developing financial systems. The ideal candidate has over 7 years of experience in financial management, preferably within the nonprofit sector, and holds a relevant degree. This permanent, full-time position offers a hybrid work model, based in downtown Toronto.

Qualifications

• Minimum of 7 years’ experience in financial management, preferably in non-profit.
• Deep knowledge of finance and accounting principles related to non-profits.
• Proficiency in accounting software and systems.

Responsibilities

• Oversee day-to-day operations of the Finance function.
• Prepare monthly, quarterly, and annual financial reports.
• Lead the development and implementation of financial systems.
• Ensure compliance with tax filings and statutory obligations.
• Conduct internal audits to ensure budgetary compliance.

Skills

Financial Management

Budgeting

Cost Control

Procurement

Analytical Skills

Leadership

Communication

Education

Bachelor’s degree in Commerce, Finance, Economics, or Business Administration

CPA designation

Graduate degree or MBA

Tools

MS Dynamics

Power BI

Excel

Access

Great Plains

Job description

A dynamic and community-driven nonprofit organization is seeking an experienced, highly motivated, and energetic team player to fill the position of Finance Manager.

Reporting to the Director, Finance & Operations, the Finance Manager will oversee the day-to-day operations of the Finance function while executing tasks based on the strategic direction set by the Director of Finance & Operations and the Finance & Audit Committee. This role is key in developing and implementing finance processes, systems, and policies that will continue to strengthen our financial oversight and organizational growth.

This position encompasses core business functions such as efficient office administration, resource coordination, and organizational logistics, along with comprehensive HR responsibilities including recruitment, onboarding, policy implementation, and employee relations.

This is a permanent full-time position with Black Opportunity Fund, based out of downtown Toronto (hybrid role - 2 days onsite).

KEY RESPONSIBILITIES:

The Finance Manager will provide expert guidance on a broad range of financial matters, including budgeting, cost control, procurement, forecasting, audits, revenue management, accounts receivable/payable, and vendor relations.

• Manage the day-to-day operations of the Finance function, including bookkeeping, budget management, payroll, accounts payable and receivable, reserve fund management, and financial reporting.
• Prepare monthly, quarterly, and annual financial reports, ensuring timely completion of audits and statutory reporting requirements.
• Prepare program-specific annual budgets and submit timely financial reports to the Director of Finance & Operations, Finance & Audit Committee, and Funders.
• Ensure compliance with tax filings, government remittances, and other statutory obligations.
• Lead the development and implementation of financial systems, procedures, and internal controls to support efficient finance operations.
• Provide financial and analytical support, including forecasting and expenditure tracking, to the Director of Finance & Operations and the Finance & Audit Committee.
• Support Directors and Program Managers in budget planning, financial accountability, and reporting processes.
• Oversee financial management systems and platforms, ensuring technology solutions support transparency and efficiency.
• Provide guidance and training to department leaders to improve financial literacy, especially in budget development and forecasting.
• Oversee financial evaluation processes, including modeling, return analysis, and impact assessments.
• Conduct internal audits to ensure compliance with budgetary guidelines and policies.
• Foster strong relationships with internal and external stakeholders for effective communication and issue resolution.
• Support financial and statutory compliance for BOF lending and granting programs, including reviewing applications, evaluating reports, and coordinating loan review meetings.

PROFESSIONAL QUALIFICATIONS:

• Minimum of 7 years’ experience in financial management, preferably in non-profit or registered charity sectors.
• Deep knowledge of finance and accounting principles, and legislation affecting charities/non-profits.
• Proven ability to supervise staff effectively.
• Proficiency in accounting software (e.g., MS Dynamics, Power BI, Excel, Access), government systems, payroll, and Great Plains.
• Knowledge of GAAP for non-profit organizations is highly desirable.

PERSONAL SKILLS:

• High ethics, integrity, and professional accountability.
• Strong leadership, coaching, and motivational skills.
• Excellent organizational skills with the ability to manage multiple priorities and meet deadlines.
• Advanced analytical and critical thinking skills, proactive and innovative problem-solving.
• Outstanding communication and interpersonal skills.
• Highly reliable, self-directed, and able to exercise sound judgment in complex environments.
• Deep understanding of systemic barriers faced by Black and racialized communities in Canada, with a passion for community development.

EDUCATION:

• Bachelor’s degree in Commerce, Finance, Economics, or Business Administration.
• CPA designation is an asset.
• Graduate degree or MBA is an asset.