Director of Finance, IGGH

Location: Scarborough, ON
Organization: Ina Grafton Gage Home
Department: Finance
Reports To: Director of Finance, Michael Garron Hospital (Management Services Provider to IGGH)
Status: Full-Time
Work Location: In Person
JOB OVERVIEW
Ina Grafton Gage Home (“IGGH”) is not-for-profit organization that operates a 4-storey, 128-bed long
term care home with special care services. IGGH is dedicated to providing compassionate, high-quality
care to our residents. The Finance Department plays a critical role in supporting this mission by ensuring
financial integrity, transparency, and strategic stewardship of resources.
We are seeking a Director of Finance to oversee the finance operations. The Director of Finance is
responsible for all aspects of financial accounting, reporting, budgeting and controls, and payroll. In
addition, the role will also lead external financial statement audits and advise on corporate accounting
policies. The Director of Finance will oversee all relevant government reporting and compliance in a
highly regulated sector.
The Director of Finance will work closely with senior management to provide insights and
recommendations based on financial data. This position will have two to three direct reports. IGGH is
supported by Michael Garron Hospital through a management services agreement; accordingly, the
Director of Finance reports to the Director of Finance at MGH.
KEY RESPONSIBILITIES
Financial Operations and Reporting:
- Provide leadership and best practices for the effective management and operational
performance of the finance functions. - Prepare monthly, quarterly, and annual financial statements and reports to all stakeholders.
- Direct corporate accounting processes and ensure reports comply with regulatory standards,
generally accepted accounting principles (GAAP) for not-for-profit organizations and best
practices. - Direct effective management and control over Resident Trust Accounts.
- Conduct variance analysis to understand discrepancies between budgeted and actual financial
performance. Monitor expenditures to ensure alignment with budgetary constraints and work
with department managers. - Oversee the treasury and cash management functions.
- Maintain accurate financial records and ensure proper accounting practices are followed.
- Oversight of accounts payable and receivable processes as well as the payroll process.
- Coordinate external audit, ensuring all financial records are prepared for review.
- Ensure all statutory requirements of the organization are met and remitted.
- Ensure all reconciliations are completed.
- Prepare and submit all financial and statutory reports for Ministry of Long-Term Care financial
reporting requirements, including Annual Reconciliation Reports, occupancy reports and
staffing reports. - Drive continuous improvement initiatives while working with the departments to establish,
review, and implement policies and procedures to ensure regulatory compliance. - Establish and maintain strong internal controls to safeguard organization assets, prevent fraud
and ensure the accuracy and integrity of financial data. - Continuously seek opportunities to streamline financial processes, enhance reporting accuracy,
and improve overall efficiency with the finance function.
Financial Planning:
- Develop and manage the annual budget.
- Work with department managers throughout budget development.
- Assist, from a finance perspective, in preparing funding applications.
- Oversee capital budgeting, asset management, and long-term financial sustainability planning.
Accounts Payable/Accounts Receivable/Payroll
- Ensure payments are made and received by vendors in a timely manner.
- Ensure that amounts due from residents are billed and collected promptly.
- Ensure that robust payroll processes support the accurate and timely payment of staff and are
in compliance with regulatory requirements. - Address escalated payroll, AP and AR related issues and changes.
General Leadership Accountabilities
- Lead modernization of finance processes, systems, and reporting to support IGGH’s strategic
priorities. - Lead, mentor, motivate and manage team members, fostering a collaborative, inclusive team
environment that reflects the values of IGGH. - Contribute to and support the development and execution of IGGH’s overall strategy vision,
mission, and strategic priorities through cross-departmental collaboration. - Collaborate with the executive team to develop financial strategies and identify opportunities
for cost optimization and revenue growth.
QUALIFICATIONS
Education
- Bachelor’s degree in Finance, Accounting, Business Administration or related field
- CPA designation
Experience
- Minimum of 5 years of financial management experience, preferably in the healthcare or longterm
care sector - Experience in budgeting, forecasting, and financial analysis
Skills
- Strong accounting skills and knowledge of generally accepted accounting principles
- Excellent communication and interpersonal skills
- Proficiency in financial software and Microsoft Excel
- Strong analytical and problem-solving skills
- Ability to work collaboratively with diverse teams and stakeholders
Knowledge
- Understanding of healthcare financing, funding models, and regulations relevant to long-term
care in Ontario
EXPECTED SALARY
- $120K – $130K per year
HOW TO APPLY
- Ready to apply? Submit your application through Indeed.
