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Director of Finance

Job Highlights

City Toronto

Type Direct Hire

Salary $150,000

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About the Company
Our client has built a reputation around time honored traditions, exemplary service, and unrivalled athletics programs for all ages and abilities, including tennis, badminton, water sports, fitness, swimming, basketball, pickleball, and more. Our unique private club experience includes a full-service marina, a variety of dining options, a picturesque setting for wedding and events, as well as golf, skiing, and reciprocal club privileges around the world.

Why Work Here

• Collaborative management and friendly environment
• Long tenured staff

• Inclusive and pleasant work environment
• Education & Professional Development Assistance
• Extensive medical and dental benefits for Employees and their families
• Employee Health & Wellness Program
• Meal Plan
• Bonus
• Bike Share TO
• Night Transportation Assistance
• Complimentary Parking (subject to availability)
• 1 Free meal per day

About the Opportunity

• This is the senior Financial job in a large athletic Club. Typically supervises employees in a full range of functions such as Accounts Payable, Member Accounts Administrator, Purchasing, and Payroll
• Provide mentoring, coaching, and regular feedback to help manage conflict, and improve and recognize team member performance Mediating conflict, actively identifying and correcting breaches in house rules, assisting with questions, and managing emergencies
• The Director of Finance is a critical link between financial management and the Club’s strategic direction, ensuring that financial decisions are aligned with the long-term vision and goals of the Club
• Use financial analysis, data trends and market information to anticipate needs, identify operating/financial issues, and recommend actions to maximize the financial stability of the Club
• Create the annual operating and capital budgets for the Club in coordination with various Club committees, departments, and the General Manager, and provide analytical support during budget reviews to identify cost-saving and productivity opportunities for department heads
•  Maximize cash flow performance of the Club through controls on inventory, credit and collection, disbursements, deposits and remittances
• Evaluate potential investments and capital allocation decisions in accordance with the strategic priorities, seeking opportunities that contribute to long-term growth and profitability of the Club
• Identify and assess financial risks that may affect the execution of the strategic plan. Develop strategies to mitigate these risks and ensure the organization's financial stability
• Develop and track financial performance metrics and key performance indicators (KPIs) that directly relate to the achievement of strategic objectives
• Develop and implement financial control procedures and systems; maintain records for internal audits; ensure compliance with government regulations and contractual agreements
• Direct and verify the taking of various inventories at the Club i.e. beverages, food supplies, equipment, and furnishings
• Prepares the accounting reports as necessary and as requested by the General Manager, the Board of Directors and other Club management or committees
• Manage Club contracts (example: vendor leases and/or service contracts)
• Monthly trial balances and result financial statements for the Club, along with required supporting schedules and other data necessary for financial reports and records
• Maintain Club insurance records
• Performs special assignments and completes reasonable tasks or duties as assigned by the General Manager

About You

• CPA
• Bachelor’s degree or higher in Finance or Accounting
• Experience in the Private Club and Not-for-Profit Industry preferred.
• Solid understanding of GAAP and Not-for-Profit Accounting
• At least 5 years of senior level or management experience directly related to the duties and responsibilities specified.
• Proficient in Canadian financial laws, tax regulations, and compliance requirements.

Salary Range
$135,000 - $150,000/year

How to Apply
Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats.
When referencing this job, quote #407035.

You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.