Director, Corporate Finance & Transformation

Career opportunities are presented in the language received.

The Director, Corporate Finance & Transformation provides vision, direction, leadership, support and guidance for the Corporate Finance and Transformation portfolio while supporting the Hospital’s vision, strategic directions and values.  Working in conjunction with the VP/CFO, and other Finance Directors, provides leadership to teams responsible for:

Corporate Finance

• Consolidated financial accounting and reporting of the Hospital
  Financial oversight of the Hospital’s pension and investment funds
  Billing, accounts payable and accounts receivable functions for the Hospital
  Full-cycle accounting and budgeting services for the Hospital’s related entities

Finance Transformation

• Responsible for the strategy for Finance systems in conjunction with IMT.
• Ensure that information systems are being used optimally and updated as required
• Ensure that Finance is appropriately represented in the overall Enterprise-wide Data Strategy and is aligned with other systems and data sets
• Responsible for reviewing and ensuring that the internal control environment is adequate to safeguard assets and information
• Develop and deliver finance literacy training for all levels of SickKids staff
• Maintain currency on Finance Policies and Procedures
• Maintain currency on My Finance Intranet
• Conduct operational reviews of business processes leading to process improvements
• Share best practices across Finance departments
• Develop and implement a comprehensive employee engagement strategy to enhance the level of employee satisfaction across the Finance Department
• Ensure opportunities for professional and leadership development are available and promote an environment that supports excellence and continuous learning

Here’s What You’ll Get To Do

• Lead all consolidated financial reporting for the Hospital both internally and externally (including Hospital Operations, the Research Institute and Commercial Ventures)
• Lead consolidated multi-year reporting and financial outlook to drive key strategic decision-making at the Board-level
• Oversee 4 annual external audits including for the Hospital, Hospital Pension Plan, SickKids Community Mental Health (CCMH, CCMH LI) and the CCMH Pension Plan, ensuring accuracy and completeness of Annual Audited Financial Statements
• Present financial results to Hospital Managers and Directors, Senior Management and the Finance & Audit Committee of the Boards (SickKids, CCMH and CCMH LI)
• Oversee all accounting, reporting and operational functions of the Hospital Pension Plans (including external entities) as well as the Investments held by the Hospital and SickKids Foundation
• Oversee the Pension, Investment, and Trust Funds of SickKids and the SickKids Foundation
• Provide leadership for investment reporting to the Investment & Pension Committee of the Board including Risk Profile
• Ensure banking covenant compliance, credit facility monitoring and banking relationship management
• Oversee performance management monitoring of Investment Managers for both the Hospital and SickKids Foundation
• Lead cash flow management and forecasting including short-term investments
• Oversee the Accounts Receivable function for the Hospital, ensuring timely billing and collections and enhancing performance through KPI and other metric monitoring
• Oversight for the Accounts Payable function ensuring process enhancements, appropriate and timely payment of invoices.
• Monitoring of the teams performance through KPIs and other metrics
• Implement collection policies that balance fiduciary needs of the Hospital with patient and family sensitivity
• Director of Finance for SickKids Centre for Community Mental Health, working closely with the Executive Director leads to oversee all financial accounting, reporting and budgeting for the Centre
• Oversee all financial accounting, reporting and budgeting for all other SickKids entities including Kids Health Alliance (KHA) and Boomerang
• Evaluate and recommend improvements to financial controls, processes, and systems
• Provide leadership for selected projects in partnership with others across the Hospital (i.e. myFinance upgrades, Qlikview Financial Applications, etc.)
• Provide leadership, support and direction to staff to ensure high standards of accountability and service
• Ensure opportunities for professional and leadership development are available and promote an environment that supports excellence and continuous learning
• Responsible for recruitment, performance monitoring and disciplinary actions
• Drives processes such as policy development and maintaining a strong internal control environment.
• Lead the continuing development of portfolio process improvement initiatives, working with VP Finance/CFO and Director, Finance – Hospital Operations to develop and implement a finance transformation roadmap
• Collaborate with, support, report to and build relationships with key internal and external stakeholders including Hospital Directors, Senior Management and Board members, SickKids Foundation, external and internal auditors, Ministry of Health, external entities and associated partners, banks and regulatory bodies, credit rating agencies, investment managers, CRA and actuaries

Here’s What You’ll Need

• Bachelor’s Degree in Commerce, Finance or Accounting
• Chartered Professional Accountant
• Min.10 years in finance, including 5+ years in a leadership role
• Min. 10 years managing professional staff
• Established credibility as a visionary leader with the ability to engage, inform and influence
• Exemplary skills building strategic capabilities to influence long-term priorities and areas of focus and make projections through insights and understanding of external forces and long-term health market trends and future expectations
• Excellent team building, relationship building and communication skills to build trust and confidence across all organizational levels in an ambiguous, fast-paced environment where there are multiple and often highly contentious priority issues that must be addressed
• Exceptional negotiating, influencing and consensus building skills with both internal and external partners while fostering a purpose-driven culture of excellence
• Demonstrated analytical business acumen, problem-solving and decision-making skills with the ability to identify trends, establish benchmarks and provide credible analysis and business recommendations
• Solid strategic thinking and transformational leadership skills, including conducting systems, business and risk assessments utilizing quantitative data and analytics
• Flexible and self-directed with the ability to manage competing priorities during periods of rapid change and transition
• Exemplary communication, interpersonal and listening skills; strong consulting, counseling, and facilitation skills; solid sense of integrity, confidentiality, tact and discretion
• Strong planning and organizational skills in a complex multi-tiered organization
• Demonstrated commitment and actions in advancing equity, diversity and inclusion objectives

Asset

• Healthcare/hospital experience is strongly preferred

Here’s What You’ll Love 

• This position is eligible for employee benefits coverage including but not limited to; health, dental and life insurance. The full benefits package will be discussed at the time of offer.
• A focus on employee wellness with our new Staff Health and Well-being Strategy. Self-care helps us support others.
• A hospital that welcomes and focuses on Equity, Diversity, and Inclusion.
• The opportunity to make an impact. Regardless of your role or professional interest, you will be making a difference at SickKids and contributing to our vision of Healthier Children. A Better World.
• For more on why you’ll love working at SickKids, visit our careers site.

Employment Type 

• 35 hr. week
• 1.00 FTE – Full-time permanent
• Hybrid

Important  –  please disclose dollar amount of budgets and assets managed in your application.