08 Nov
|
BAYCREST HOSPITAL
|
Toronto
08 Nov
BAYCREST HOSPITAL
Toronto
Baycrest Hospital has an exciting prospect for aDirector, Financial Accounting and Systems IntegrationFinance Posting Number: 10236 Position Type: Full Time Bi-Weekly Hours: 70 Hours Date Posted: About Us At Baycrest Hospital, older adults receive specialized post-acute inpatient care informed by deep expertise in aging and brain health, delivered with compassion and clinical excellence.
The Finance
Department provides financial planning, accounting, financial reporting, budgeting support, regulatory reporting, treasury, and financial management services in support of Baycrest Hospital operations. The department ensures the integrity of financial information, compliance with applicable accounting and reporting requirements, effective stewardship of financial resources, and timely decision support for leaders across the organization.
Job Summary Reporting to the Vice President, Finance and CFO, the Director, Financial Accounting and Systems Integration works as a partner with the Director, Finance and provides leadership for Baycrest Hospital's financial accounting, reporting, compliance, and financial systems functions. The Director is responsible for ensuring the integrity, accuracy, and timeliness of financial information through the effective management of accounting operations, financial reporting, accounts payable, accounts receivable, capital accounting, internal controls, regulatory reporting, audit coordination, and compliance activities. The Director serves as the Finance lead for major technology, systems, and business transformation initiatives impacting financial operations, reporting, controls, data management, and decision support capabilities.
Working collaboratively with Information Technology, Human Resources, Payroll, Decision Support, operational leaders, project teams, and external partners, the Director ensures Finance requirements are appropriately incorporated into the planning, design, implementation, integration, testing, and optimization of enterprise systems and related business processes. The Director works collaboratively with Payroll and Human Resources to support the integrity, governance, integration, reconciliation, reporting, and analysis of workforce-related financial and operational data. The Director is responsible for the management of assigned staff and works collaboratively with Finance leadership and organizational stakeholders to support operational excellence, continuous improvement, regulatory compliance, and informed decision-making across Baycrest Hospital.
Key ResponsibilitiesFinancial Accounting, Reporting and Compliance Provides strategic and operational leadership for Baycrest Hospital's financial accounting, reporting, and financial operations functions. Directs and oversees monthly, quarterly, and annual financial close processes, including account reconciliations, accruals, journal entries, and financial statement preparation. Oversees the management and reconciliation of the General Ledger and related accounting records.
Ensures financial transactions are recorded and reported in accordance with Generally Accepted Accounting Principles (GAAP), Public Sector Accounting Standards (PSAS), organizational policies, and applicable legislation. Leads the preparation and review of internal financial statements and supports financial planning processes.
Oversees Accounts
Payable, Accounts Receivable, banking, cash management, and assigned financial operations. Oversees capital accounting, capital project reporting, asset management, deferred contributions, and related funding requirements. Provides expert advice and guidance to leaders across the organization regarding accounting standards, financial reporting, internal controls, financial policies, and financial risk management.
Supports organizational planning, resource allocation,
and operational decision-making through the provision of financial expertise and analysis. Collaborates with Human Resources, Payroll, Decision Support, Information Technology, and operational leaders to ensure the integrity, consistency, and accuracy of data supporting MIS and related reporting submissions. Monitors data quality, reporting integrity, and compliance with reporting standards and recommends corrective actions as required.
Internal
Controls, Audit and Risk Management Develops, implements, and maintains financial controls, policies, procedures, and monitoring processes to safeguard organizational assets and ensure financial accountability. Leads annual external audit activities and serves as the primary liaison with auditors for assigned hospital operations and reporting areas. Coordinates audit requests and ensures timely completion of audit schedules, supporting documentation, analyses, recommendations, and action plans.
Identifies financial, operational, reporting, compliance, and system-related risks and develops mitigation strategies where appropriate. Supports organizational risk management initiatives through strong financial oversight, governance, and accountability practices. Recommends and implements improvements to strengthen financial controls, reporting accuracy, operational effectiveness, and regulatory compliance.
Systems
Integration and Business Transformation Serves as the Finance lead for enterprise systems initiatives, major technology projects, and business transformation efforts impacting financial processes, reporting, controls, and data management.
Represents
Finance throughout project planning, business requirements development, solution design, testing, implementation, deployment, stabilization, and optimization activities. Collaborates with Information Technology, Human Resources, Payroll, Decision Support, operational leaders, consultants, and vendors to support successful project delivery. Ensures financial, accounting, reporting, compliance, control, and data governance requirements are incorporated into enterprise systems and related business processes.
Leads finance-related user acceptance testing, reconciliation, validation, implementation readiness, and quality assurance activities. Oversees financial data conversion, integration, validation, and reconciliation activities associated with system implementations and upgrades. Supports the development and enhancement of financial reporting, analytics, and decision-support capabilities.
Promotes effective governance, stewardship, integrity, and security of financial and operational data across systems. Collaborates with Payroll, Human Resources, and operational stakeholders regarding workforce-related financial data integrations, reconciliations, analytics, and reporting requirements. Provides leadership, coaching, direction, and support to assigned staff.
Fosters a collaborative, accountable, customer-focused, and high-performing work environment. Oversees workload distribution, performance management, and staff development activities. Conducts performance reviews and provides ongoing coaching, mentoring, feedback, and professional development opportunities.
Supports recruitment, onboarding, succession planning, employee engagement, and talent development initiatives.
Addresses employee relations matters in collaboration with Human Resources and in accordance with organizational policies and collective agreements, where applicable. Promotes a culture of teamwork, continuous learning, accountability, and service excellence.
Planning and Continuous Improvement Develops and implements short- and long-term operational plans for assigned areas of responsibility. Supports organizational strategic priorities through financial leadership, innovation, collaboration, and continuous improvement initiatives. Identifies opportunities to improve financial processes, compliance activities, reporting capabilities, systems functionality, internal controls, and operational effectiveness.
Develops and maintains departmental policies, procedures, standards, and documentation. Monitors emerging healthcare finance, regulatory, technology, and reporting trends and recommends improvements where appropriate. Supports organizational readiness for future system, reporting, and business process changes.
Collaborates across departments to support organizational objectives, reporting requirements, operational priorities, and strategic initiatives. Participates on organizational committees, governance structures, project teams, and working groups.
Represents Baycrest
Hospital in external meetings, professional associations, healthcare sector networks, and industry forums, as appropriate. Contributes to organizational initiatives that promote quality, accountability, innovation, and operational excellence. Quality, Safety and Compliance Supports quality improvement, accreditation, compliance, risk management, and organizational performance initiatives.
Promotes a culture of accountability, continuous improvement, service excellence, and effective stewardship of resources. Ensures compliance with organizational policies, professional standards, legislation, and regulatory requirements.
Supports Accreditation
Canada activities and quality assurance initiatives related to assigned areas of responsibility. Complies with health and safety, privacy, infection prevention and control, and patient safety requirements in accordance with Baycrest policies and applicable legislation. University degree in Accounting, Business Administration or related field of study. An accounting designation (CPA) is required.
Experience in a complex health care facility (Hospital and/or Long-Term Care facility) is preferred.
Experience performing strategic financial analysis and audits.
experience managing accounts payable and receivable departments is considered an asset. Proficiency in the use of SmartStream accounting software. Proficiency in the use of MEDITECH accounting software.
Proficiency in the Microsoft suite of software, including Excel, Access, Word and PowerPoint. Excellent organizational, planning and time management skills. Comprehensive knowledge of Generally Accepted Accounting Principles (‘GAAP’).
Knowledge of the financial reporting requirements under the MIS Guidelines and Ontario Healthcare Reporting Standards, Long-Term Care Homes Act, Local Health System Integration Act and other pertinent legislation and regulations is an asset. Very good interpersonal and customer service skills. Work with a flexible, adaptable and resilient manner.
Compensation At Baycrest, we take pride in ensuring our compensation structure is internally equitable and compliant with pay equity legislation. Our salary ranges are structured to support progression, from learning the role to demonstrating full proficiency. Your placement within the target hiring range will depend on your job-related knowledge, skills, abilities, and relevant education and experience, as well as considerations such as market conditions and internal equity.
The starting salary will be determined using these factors to ensure fairness and consistency across the organization. #
📌 Director, Financial Accounting And Systems Integration (Toronto)
🏢 BAYCREST HOSPITAL
📍 Toronto