Interim Vice President of Finance

LHH Knightsbridge; Toronto; On-site; CAD 120,000 - 160,000; Full time

Job summary

A leading Canadian not-for-profit organization is seeking an Interim VP Finance to oversee financial operations during a transition period. This role involves managing the finance and payroll teams, driving budgeting processes, and ensuring compliance with financial reporting standards. The ideal candidate will have a CPA designation, extensive experience in finance, particularly within the non-profit sector, and strong leadership skills to foster collaboration across teams.

Qualifications

• 5+ years of management experience in accounting or finance.
• Experience in not-for-profit organizations preferred.
• Strong, collaborative leader with successful change management experience.

Responsibilities

• Oversee monthly and annual financial reporting cycles.
• Lead the annual audit process.
• Manage organizational cash flow and forecasting.

Skills

Leadership

Communication

Organizational Skills

Analytical Skills

Education

Post-secondary education in Accounting, Business Administration or Finance

CPA designation

Job description

Our client is a well-known Canadian mental health services not-for-profit organization. They are looking for a seasoned finance professional to join their team to navigate through a transition whilst they search for the permanent person. The Interim VP Finance will be responsible for overseeing the finance and payroll team and the day-to-day operations, payroll, data entry, grant report entry, managing the organization’s fundraising functions, and budgeting.

Key Accountabilities :

• Oversee monthly and annual financial reporting cycle (including month-end close and financial statements; collating financial reporting materials for all funder and donor segments, oversee all financial, project / program, and grants accounting).
• Lead the annual audit process, liaise with external auditors and the finance committee of the Board of directors.
• Oversee and lead annual budgeting and planning process; administer and review all financial plans and budgets; monitor progress and changes.
• Manage organizational cash flow and forecasting.
• Support the compilation of the annual operating budget.
• Presents at the Board Finance & Audit Committee meetings.
• Update and implement all necessary business policies and accounting practices; improve the finance department’s overall policy and procedure manual.
• Support with annual reporting; Pay Equity maintenance and fulfill tax requirements.
• Oversee and support Ministry filings when applicable.
• Monitor all fundraising and accounting systems and procedures capturing pledges, receipts and thank you letters. Recording and allocating all revenue transactions.
• Payroll management – compliance, oversight, and reviews.
• Prepare monthly and quarterly assessments and forecasts of the organization's financial performance against budget, financial and operational goals.
• Oversee day to day processing of accounts receivable and payable using accounting software, producing reports as requested.
• Conduct monthly reviews of fund allocations.
• Review monthly budget to actual for specific programs and assist managers in managing their budgets.
• Ensure the reconciliation of monthly activity, credit cards, petty cash, fundraising and accounting systems.
• Maintain working papers on deferred revenue, accruals, prepaids, and capital asset continuity.
• Act as bank signing officer and key relationship manager with financial institution.
• Oversee and support banking and accounting requirements, deposits, payments of expenses and producing cheques.
• Prepare and support team with program budgets for funder applications and periodic reporting requirements.
• Directs, supervises, mentors and develops the accounting and payroll staff.
• Coordinate the materials for the Finance Committee, scheduling, draft agenda, and reporting package.
• Drive initiatives in the management team and organization that contribute to long-term operational excellence.
• Manage organizational procurement.

Decision Support

• Oversees the process of data collection, processing analysis and its reporting;
• Develops and maintains a framework of performance measurement and indicators.

Strategy, Planning and Risk

• Assists in assessing risks in all programs and services and develops a strategy to mitigate risks.
• Supports communication, education, and training plans that increase awareness and understanding of diversity, inclusion and equity.

Corporate Responsibilities

• Fosters positive and constructive interpersonal relationships with the staff, volunteers, residents, visitors, outside agencies, government officials and related professional associations.
• Maintains and adheres to all relevant legislation.
• Maintains and adheres to organizational policies and procedures.
• Demonstrates management practices, which are consistent with the guiding principles and philosophy of the organization.

Qualifications & Education :

• Post-secondary education in a related field such as Accounting, Business Administration, Finance, etc.
• CPA designation is required.
• 5+ years of management experience related to accounting or finance.
• Experience in not-for-profit organizations, mental health, or healthcare are preferred.
• Strong, collaborative leader with successful change management experience and a commitment to build strong relationships between clinical and administrative areas.
• Strong interpersonal, communication and organizational skills.
• Highly organized, analytical and detail oriented.
• Excellent time-management skills with the ability to simultaneously manage multiple projects and meet deadlines in a fast pace, community environment.
• Ability to maintain a high level of confidentiality in all aspects of work.
• A solid understanding of the importance of diversity, equity, and inclusion and a passion for promoting and increasing initiatives within the workplace

LHH Knightsbridge Interim Management is a service to help our clients address a wide range of scenarios including leadership support due to sudden departures, driving key change initiatives or leading transformation projects. Our interim executives step in with minimal downtime to meet specific objectives and deliver results. All have held senior positions in the past and have now chosen to offer their unique depth and breadth of experience to organizations on a limited engagement basis.

Follow the LHH Knightsbridge LinkedIn page and set up a job alert to learn about new Executive Interim opportunities.

Lee Hecht Harrison Knightsbridge Corp. is committed to providing equitable treatment and accommodation to ensure a barrier-free recruitment process. In accordance with the Ontario Human Rights Code, Accessibility for Ontarians with Disabilities Act and our AODA policy, a request for accommodation will be accepted as part of the hiring process. If you require accommodation to apply or if selected to participate in an assessment process, please provide your accommodation needs in advance to the Recruitment Lead for this opportunity.

We thank all interested candidates in advance; however, only individuals selected for interviews will be contacted.

May 2025

Create a job alert for this search