Grand River Hospital Foundation supports the financial needs of Grand River Hospital. Last year, $8.6 million was granted to equipment, renovations, research and education.
Grand River Hospital Foundation is seeking a new Vice President, Finance & Administration, to be accountable for directing all financial and administrative functions in support of making the Foundation the leading health care philanthropic organization in Waterloo-Wellington. The successful candidate will work closely with the President/CEO of the Foundation to chart the strategic direction and focus of the organization in alignment with Grand River Hospital’s strategic vision and branding.
The Vice-President, Finance & Administration will provide management direction to our financial and administrative staff while demonstrating strong leadership to all Foundation employees. The successful candidate will work collaboratively with the Director of Development and the organization’s other fundraising professionals as well as various departments and individuals within Grand River Hospital. This is a full-time Foundation position.
For additional information about GRHF, visit the website at http://www.grhf.org/
PROFILE OF THE IDEAL CANDIDATE
Reporting to the President/CEO, the Vice President, Finance & Administration guides and coordinates the internal business activities of the Foundation to ensure the achievement of its goals and objectives. The new candidate:
• A sophisticated and accomplished leader, manager and administrator who leads all operational functions – Finance and Audit, Human Resources, Policy, Granting, IT, Privacy, Facilities Management and Risk Management.
• Proactive, innovative and collaborative with demonstrated successful leadership experience and success in process improvement, change leadership and change management - all aimed at achieving goals and improving the Foundation’s financial health and overall efficiency.
• Ensures organizational effectiveness by providing vision, leadership and strategic planning and is excited by big ideas and the opportunity to maximize operational efficiencies.
• A leader who makes informed decisions based on analysis and consultation with the Board of Governors, its Committees and the organization’s other advisors, management and staff;
• Embrace the big picture and best practice thinking.
• Energetically empowers change and sets inspirational goals with a can-do mindset.
• Contributes to building the culture of a high performing team.
• Establishes productive working relationships between and among the Foundation, Hospital, staff, the Board of Governors, and its Committees to ensure that the organization operates at maximum efficiency.
KEY DUTIES, RESPONSBILITIES and ACCOUNTABILITIES
The Vice President, Finance & Administration serves jointly with the Director of Development as second in command to the President/CEO with additional accountability to serve and liaise with the Board of Governors in implementing and monitoring the strategic plan, various projects, and ad hoc issues. The key areas of responsibility and accountability will include:
• Oversight of Finance, Audit and Reporting including responsibility for the overall budget, ongoing financial analysis, monitoring, forecasting, and interpreting of financial reports. This includes working with the Foundation’s auditors, bankers and other outside suppliers and advisors.
• Ensure the fiduciary responsibility of the organization through sound financial management and accountability.
• Ensure the production of all necessary reports and information as needed by staff, Committees and the Board to monitor, evaluate and optimize sound financial management and to fulfill their fiduciary responsibility.
• Review short and long-term strategic and business goals in light of existing and projected financial resources.
• Establish annual priorities and benchmarks and conduct regular reporting measuring projections against actual performance.
• Work with the senior and management levels of Hospital leadership in granting donations for the Hospital’s priorities.
• Ensure compliance and the meeting of all corporate requirements including performance, risk management, governmental compliance/reporting, and privacy matters.
• Oversight of all people functions including culture, regulatory requirements, compensation, performance management and recognition programs, in conjunction with the Hospital’s established people practices.
• Serve as coach and mentor to management staff and demonstrate a commitment to professional development for all members of the team.
• Make recommendations on the structure and talent needed to elevate the various functions of the organization.
• Establish and maintain all by-laws, policies and procedures required for the organization including Terms of Reference with appropriate revision control methodology.
• Understand and establish IT requirements for the organization, working with outside IT suppliers to implement the requisite systems.
• Understand and establish all requirements for the Foundation’s Facilities Management, working with outside suppliers to implement and maintain physical facilities.
• Work collaboratively with the Board of Governors to ensure that Board’s goals filter into day-to-day management; inform the Board regularly of internal organization matters, including relevant staffing, funding and program success and priorities.
• Anticipate Board requirements and provide materials and analysis required for effective decision-making by the Board.
• Coordinate and participate in the strategic planning process with responsibility for the development of KPIs and track them to monitor progress.
• Serve as a public representative of the organization to keep the organization current and an active participant in Hospital, regional and community events and meetings.
REQUIRED QUALIFICATIONS & SKILLS
• University Degree in Business, Finance or non profit administration (or related field of study). An MBA, CPA or equivalent is an asset.
• Substantial leadership and management experience in an executive or senior management role with a minimum of five years’ experience directly managing a team. Experience and knowledge of a high performing fundraising/not-for-profit business (particularly healthcare) is an asset.
• Knowledge and understanding of the financial, legal and regulatory requirements of a not-for-profit corporation including expertise in federal, provincial and local laws, particularly as they relate to charitable activities.
• Expertise in Board relations and governance practices.
• Refined critical thinking, analysis and problem-solving skills and the ability to establish and adjust to current and emerging priorities and negotiate complex activities.
• Effective and transparent communication skills, with an ability to inspire and mentor others through conversations, presentations, and writing.
• A known change agent who knows how to build organizational capability within an organization. Ability to plan, prioritize and organize work to maximize team performance, meets stakeholder expectations, and achieves strategic and financial goals.
• Demonstrated ability to work in an environment with complex and multi-layered accountability frameworks.
• Excellent organizational skills and proven ability to work with attention to detail and quality including solid project management skills.
• Strong interpersonal skills with the demonstrated ability and savvy to establish and nurture collaborative working relationships across the organization and with external stakeholders.
• Proficiency with MS Office software and IT. Knowledge of Raiser’s Edge software is an asset.