Director of Finance, Healthcare Foundation

Toronto, ON

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TITLE

Director of Finance, Healthcare Foundation

SALARY RANGE

$145,000 - $170,000

THE PERKS

Extended health benefits

Competitive vacation entitlement

Career development support

CPA dues support

LONG TERM INCENTIVE

Defined benefit pension plan with competitive employer matching

LOCATION

Toronto, ON THE OFFICE

Hybrid (2 days in office)

TEAM SIZE

9 people THE ROLE A leadership role overseeing all financial planning, reporting, and analysis for a growing healthcare foundation, with a focus on transforming the finance function from transactional to strategic.

Leadership & Stakeholder Engagement (40%)

Accounting & Financial Management (25%)

Projects & Process Improvements (25%)

KPI & Donor Reporting (10%)

THE TASKS

Leadership & Stakeholder Engagement

Serve as a strategic partner to the CFO and senior leadership team on financial matters and organizational strategy

Lead, mentor, and develop the finance team to foster a high-performance, business-partnering culture

Drive cultural transformation across the finance function, shifting from transactional accounting to proactive financial partnership

Build collaborative relationships across departments to elevate financial acumen in teams such as philanthropy and partnership

Provide coaching and training to improve finance literacy and communication standards across the organization

Support the CFO with Finance/Audit Committee and Investment Committee materials, presentations, and reporting

Act as the primary finance liaison with investment managers, securities brokers, custodians, and private equity holdings





Represent finance as a subject matter expert on organizational committees and senior leadership forums

Accounting & Financial Management

Oversee creation and implementation of financial processes, procedures, policies, and internal controls for safeguarding of assets

Ensure compliance with all regulations regarding non-profit organizations including Canada Revenue Agency and applicable accounting standards

Lead the annual external audit to ensure appropriate documentation is provided to auditors on a timely basis and financial statements are prepared in accordance with Part III of the CPA Canada Handbook - Accounting, "Accounting Standards for Not-for-Profit Organizations"

Manage signing authorities for all foundation financial accounts including bank and investment accounts

Oversee the management of the endowment fund, including annual unitization and payout calculations

Projects & Process Improvements

Lead financial systems evaluation and optimization to support upcoming campaign requirements across gift processing, general ledger, and reporting platforms

Conduct a full inventory of finance reports to eliminate redundancies and enhance stakeholder-relevant reporting

Drive process improvements to enhance operational efficiency across month-end close, budgeting, forecasting and variance analysis

Lead the development of the foundation's annual and long-term budget, cash flow projections, and forecast preparation process

Oversee cash flow reporting on a quarterly basis for Finance/Audit Committee and Investment Committee

KPI & Donor Reporting

Develop and report key performance indicators for the finance function

Provide support for the operations team in developing organization wide KPIs

Oversee financial donor stewardship reporting including grant and fund balance reports for internal stakeholders and external donors THE COMPANY A prominent healthcare foundation dedicated to advancing patient care and research through strategic fundraising and donor stewardship.



The organization is entering a transformative period of growth as it prepares for a landmark fundraising campaign.

THE OPPORTUNITY An ideal opportunity for a seasoned finance leader ready to move beyond transactional accounting into a role that combines strategic leadership, process transformation, and organizational influence. The successful candidate will have a clear path toward senior executive progression within a mission-driven organization.

THE EXPECTATIONS TIMELINE PREVIEW

By Month 1

Build relationships with key stakeholders across the finance team, senior leadership, and cross-functional departments

Document and understand all existing financial processes, systems, and reporting structures

Identify at least one quick-win process or system improvement opportunity to socialize with stakeholders

Begin assessing individual finance team members' strengths, ambitions, and development needs

By Month 3

Prioritize improvement opportunities and implement appropriate changes

Support the team through month-end close cycles and begin identifying efficiency gains in the reporting process

Socialize and prioritize the quick-win improvements identified during onboarding with key stakeholders

Begin building collaborative working relationships with other foundation teams as a finance partner

By Month 6

Expand leadership influence beyond the finance team into other departments across the organization

Lead active process improvement and financial systems evaluation initiatives

Drive meaningful improvements to reporting quality and stakeholder communication

Demonstrate growing confidence in advocating for the finance function and elevate the finance team's profile within the foundation

By Month 12

Master the full reporting package and deliver accounting and reporting with confidence and authority

Gain trust of key stakeholders as a credible candidate for succession into senior executive roles

Own all financial management, audit, compliance, and committee support processes end to end

Demonstrate strong leadership presence across the organization with measurable impact on team culture and performance THE SKILL SET

CPA designation required

Minimum 10 years of progressive financial management experience

Demonstrated leadership experience managing and developing finance teams with a strong emphasis on driving cultural and operational change

ONLY QUALIFIED CANDIDATES WILL BE CONTACTED.

📌 Director of Finance, Healthcare Foundation (Toronto)
🏢 Outhire
📍 Toronto