Full Time

Chief Financial Officer

Jewish Federation of Ottawa Ottawa ON

CHIEF FINANCIAL OFFICER 

 

Reporting to the CEO of the Jewish Federation of Ottawa, the Chief Financial Officer (CFO) through a shared service model, is the primary financial support to three organizations: Ottawa Jewish Community Foundation, Soloway Jewish Community Centre and the Jewish Federation of Ottawa. The CFO is a key executive team member and an essential partner in the execution of the strategic work of all three organizations. The successful candidate will have the ability and desire to seamlessly transition between oversight and hands-on engagement in delivering all aspects of financial services. A strong desire to work in a fast-paced environment, involving multiple entities is critical to success in this role. 

 

Leading a team of seven, the CFO ensures that management and the Boards of each organization have the timely and effective financial information and analysis required for decision making. The CFO is responsible for financial performance optimization and developing accurate financial forecasting, budgeting, and reporting processes. The successful candidate will possess all necessary financial skills, coupled with excellent management skills, and wants to join a fun, supportive, exceptionally hard-working and mission driven team. 

 

This is a unique opportunity to be a leader and support and strengthen Ottawa’s 15,000 strong Jewish community and provide financial oversight for over $22 Million in fundraising and revenue by all partners. 

Key responsibilities for all three organizations include: 

 

Strategic Management 

 

Work closely with the CEO and the senior team (professional and volunteer) to provide key financial and management information and reporting, and to recommend changes to improve overall financial health and performance. 

 Identify and develop ongoing strategies to generate higher operating effectiveness and/or process efficiency. 

 Support senior managers with strong and candid advice in all functional areas based on a broad knowledge of the operations that can only be obtained through hands-on involvement. 

 Collaborate with the senior management team of each organization to lead the development of the annual operating and capital budget process. 

 Work with financial lay leaders to lead budget and audit consultation with their respective financial and investment standing committees. 

 Monitor progress against budget and lead the forecasting process, including inputs and document development. 

 Actively assess risk and develop appropriate mitigation strategies, particularly crucial during the pandemic. 

 Engage with external stakeholders, including financial institutions and investment advisory counsel. 

 

Financial & Performance Management 

 

Lead and manage the ongoing review of financial performance with a focus on organizational systems, processes, and criteria that enable tracking and reporting against strategic initiatives and overall organizational performance. 

 Work with senior management in the development of insightful financial analysis and reports to support decision making and improve performance. 

 Develop and drive a performance measurement culture within Finance and across supported organizations. 

 

 

 Through a combination of supervision and personal engagement, ensure the efficient, effective, and timely operation of accounting and financial management systems, (i.e., accounts receivables and payables, forecasting, cash flow management, etc.). 

 Ensure efficient stewardship of cash and working capital and oversee risk-management activities. 

 

Internal Controls & Management 

 

Design and maintain appropriate financial controls in the shared service model among the three organizations to ensure the accuracy of information and the safeguarding of assets. 

 Ensure that Federation and its partners attract and retain high-performance professionals, with clearly defined roles, in all financial roles by effectively developing, managing, and mentoring staff. 

 

Accounting Systems, Policies, Procedures and Audit 

 

 Ensure that the Finance team maintains a strong service orientation with open and effective two-way communication with internal and external stakeholders. 

 Maintain accounting systems that accurately record and report all financial transactions of the entities in accordance with all legal and regulatory requirements. 

 Champion efficiency, ensuring all necessary policies, procedures, systems, controls, and administrative resources are in place and are effective in managing all operating functions. 

 Develop annual audit plan and lead external audit process. 

 

Requirements and core competencies: 

 

Requirements: 

 Professional accounting designation 

 Minimum 10-years relevant business experience with at least 5 years at a senior level 

 High level of integrity, confidentially, and accountability 

 Experience in fund accounting and strong knowledge of all levels of accounting concepts 

 Experience in the not-for-profit/charity sector is an asset 

 

Core Competencies: 

 Excellent financial and business acumen 

 Strong work ethic, with the ability to seamlessly transition between oversight and hands-on work 

 Superior analytical, strategic, advisory skills and problem solving skills 

 Focus on delivering high-quality service to clients and stakeholders, including the ability to consistently manage expectations and anticipate needs 

 Experience leading and developing high-performing teams 

 Aptitude and ability to learn and use various accounting programs 

 Works collaboratively with others and communicates effectively 

 Experienced multi-tasker, able to manage and deliver on over-lapping portfolios and projects 

 

 

Interested applicants should send a resume to: Andrea Freedman, CEO Jewish Federation of Ottawa [email protected]