Organization: Bayview Glen School
Position Title: Chief Financial Officer
Reports to: Head of School
Location: Toronto, Ontario
“Whole Child, Whole Life, Whole World”
Bayview Glen School is a progressive and innovative independent school focused on developing the whole child with a whole world view. Bayview Glen’s graduates stand out as adaptable, responsible and connected global citizens, and the School provides opportunities for a unique learning experience, developing in students the creativity, entrepreneurial mindset and capacity for innovation they need to succeed throughout their whole life.
A non-profit, coeducational day school with more than 1000 students from Preschool through to Grade 12, Bayview Glen offers a truly transformative educational experience, intentionally creating a welcoming, vibrantly diverse community, guided by inspiring teachers and fueled by a forward-looking curriculum. Academically invigorating and internationally connected, Bayview Glen’s advanced inquiry-based academic program is balanced with a strong music and arts program, languages, physical education, Outdoor Adventure, and Duke of Edinburgh Programme; and co-curricular activities including an art festival, drama productions, choirs, bands, and extensive team sports. As a member of Round Square, students have a strong focus on international understanding and participate regularly in community service and character-building life experiences, locally and abroad.
The Chief Financial Officer is responsible to oversee and be accountable for the current and long-term effectiveness of the School’s operations functions, including Finance and Facilities. This position ensures the financial health of the School and is accountable for the overall integrity and protection of its financial records. The CFO reports to the Head of School, is a member of the School’s Leadership Team and provides direction and guidance to the Head of School, the Finance Committee of the Board and the Financial Aid Committee ensuring decisions made are based on sound financial information. For a description of major job responsibilities, please see Appendix A.
Founded in 1962 as a nursery school and day camp, today Bayview Glen thrives on two closely-connected campuses in the heart of Toronto with full school enrolment, one of the largest camp programs, robust athletics and arts, an active parent association and successful guild shop. As the School has grown over the years, so, too, has its needs and within this context, the new CFO will want to focus on the following near-term priorities:
- See the build of the new athletic complex and lower school modifications through to a successful completion over the next 18 months;
- Implement new systems and harness the benefit of process modernization;
- Be ahead of the curve with emerging and innovative developments in education and plan strategically and practically for what is coming;
- Inspire, coach and mentor the team for high performance;
- Partner closely with Advancement to support the financial, accounting and investment aspects of fundraising as the School continues to foster its culture of philanthropy;
- Assist in the development of a new strategic plan as a key member of the Leadership Team;
- Work closely with the Head of School to manage risk effectively;
- Immerse oneself in the culture and life of the school as an active and participative leader with administration, the Board, staff, donors, neighbours, parents and students.
Working with children and families in the pursuit of education is rewarding, meaningful and impactful work. Bayview Glen enjoys strong financial performance, full enrollment and long waiting lists and has a reputation as a great place to work with committed, supportive and collaborative staff. For the new CFO, this is a wonderful opportunity to join a long-standing, highly-regarded, leading independent school with a history of excellence and innovation and to participate in and contribute to the life of a vibrant, multicultural school community.
The ideal candidate brings the following experience, skills, attributes and competencies:
- An undergraduate degree and/or MBA in Business Administration, Accounting, Finance or a related field along with a CPA designation;
- A minimum of 8 years of progressively responsible experience in accounting, audit procedures and financial operations;
- Demonstrated impact in not-for-profit or business organization(s) in a senior leadership position;
- Extensive knowledge of:
- Generally Accepted Accounting Principles (GAAP), consolidation theory and practice, modern controllership, financial and accounting theories and practices, in order to set the financial framework and oversee the financial operations of the School, to provide specialized financial expertise, advice and leadership, and to set accounting standards and ensure compliance;
- Financial policy/procedures and systems design/development principles and methods to develop and implement a range of financial and business processing/operational policies/procedures and corporate systems to meet audit and other requirements;
- Financial reporting processes and requirements to lead the year-end financial analysis and financial consolidation process for School reporting;
- Systems design and development principles to lead the design, development and implementation of financial reporting systems, and the use, operations and capabilities of large scale computer systems for financial reporting;
- Business planning budget development and performance measurement principles, processes and best practices to provide consultative advice to senior management;
- Strategic plans and directions, capital planning, campaign projections and operations;
- All relevant legislation and regulations to ensure compliance.
- Solid analytical, organizational, planning and problem-solving capabilities with an excellent attention to detail;
- Ability to present complex financial information and requirements to various audiences and present convincing recommendations for effective and appropriate financial management;
- Ability to establish and maintain effective working relationships across the School, including with the Finance Committee and Board of Directors, to provide advice, expertise and persuasive recommendations;
- Professional, self-directed with strong work ethic;
- Capacity to think both strategically and tactically;
- Ability to manage and mentor staff and delegate appropriately, fostering staff accountability and responsibility;
- Excellent communication skills;
- Operates with a high degree of integrity, reliability and responsibility.
Should you have any questions regarding this important and meaningful opportunity, or wish to forward a cover letter and current resume for consideration, please contact:
Melanie Barbieri, Senior Consultant
1 416 640 4305
About Amrop Knightsbridge - www.amropknightsbridge.com
Amrop Knightsbridge is a leading executive search firm with offices across Canada and partner offices around the globe. Amrop Knightsbridge is an integral part of LHH Knightsbridge, a human capital management organization comprising teams of specialists with an integrated perspective across recruitment, leadership and organizational development, learning, and career and workforce management. Solutions are customized to fully meet client specific needs, maximizing investments in people and achieving optimal organizational and business productivity and performance. Further LHH Knightsbridge information is available at www.lhhknightsbridge.com.
APPENDIX A: MAJOR JOB RESPONSIBILITIES
The CFO ensures the sound financial management of Bayview Glen School. This position will lead and manage the full scope of financial operations, including accounting functions, financial reporting and analysis, financial controls and financial management advice. Key responsibilities include, but are not limited to, the following:
- Oversees and ensures the development, implementation and reporting of the operating and facilities master planning budget to the Head of School, the Board of Directors and Finance Committee, auditors, lenders, donors and other areas as required;
- Ensures consistent application of policies, procedures, protocols, internal controls and best practices for operations functions to reflect the School’s vision, values, professional standards and to safeguard assets, protect confidential information and ensure accurate financial reporting;
- Builds and maintains the School’s short and long term strategic financial models and dashboards;
- Manages and monitors all financial transactions, including accounts payable, accounts receivable and payroll/benefits, and oversees reconciliations;
- Reviews and approves purchases and invoices, in accordance with budgets, financial authorities and contractual agreements;
- Reviews and monitors all cash transactions, ensuring compliance with handling and control procedures;
- Manages banking, debt and lease agreements and negotiates terms, rates and ensures compliance;
- Collaborates with the School’s counsel and insurance agents regarding all legal and risk management matters;
- Oversees the physical campus, equipment and grounds with the Manager, Facilities and plans and directs all replacements and renewals of physical equipment;
- Oversees the annual financial audit and filings of tax returns and HST recoverables. Recommends the resolution of issues raised by auditors and implements recommendations;
- Conducts internal reviews and analyses to identify and mitigate financial risks (e.g. forecasts vs. budgets and spending);
- Provides transparent and accurate financial reporting, planning and services that build trust among the Board, faculty, staff, students, parents, donors, etc.;
- Represents the School in a positive and proactive manner collaborating with BVG Leadership team, other CIS Schools, bank officials and neighbours.
Financial Reporting and Analyses:
- Prepares regular and ad hoc financial reports and statements for the Head of School, the Finance Committee and Board of Directors;
- Prepares all financial statements, returns and other required documentation to meet government and other reporting requirements;
- Conducts financial analyses to monitor the School’s financial resources, including revenues, project costs and operating performance against budgets, to identify risks and opportunities and make corresponding recommendations;
- Develops financial models for use in negotiation, long-term planning and other senior management decision making needs;
- Prepares year-end reports, including donor reports, campaign totals and grant summaries;
- Provides specialized financial advice and expertise to the Head of School, the Finance Committee and Board of Directors.
- Working with the Facilities Manager, directs facilities maintenance and implementation of preventative maintenance and replacement plan, including staffing, compliance and scheduling;
- Evaluates and provides information to the Head of School for facilities improvements;
- Works with Board Committees on new construction/renovation project management, including budget management and compliance;
- Administers institutional/property insurance process and vendor selection;
- Identifies and directs facility rental opportunities.
Leadership and Communication:
- Works collaboratively with the Head of School and contributes to the leadership of BVG;
- Holds an ex officio position on the Board of Directors;
- Engenders loyalty and cooperation from others, including direct reports, to optimize teamwork, collaboration and motivation;
- Possesses a “can do” attitude and works with energy, demonstrating a strong work ethic and high standards of work;
- Demonstrates strong communication skills (verbal, written, presentation) giving clear, effective instructions, information and explanations;
- A forward-thinking visionary who is able to assess current business processes, information and systems in order to recommend, and plan for, upgrades/improvements in the future.