Director of Finance

Location: Studio Bell, home of the National Music Centre: 300-851 4 Street SE Calgary
Reporting to: President and CEO

Reporting to the President and CEO for operating purposes and to the Secretary Treasurer for direction and completion of the financial reporting and related duties for National Music Centre (NMC) and its subsidiaries, the Director of Finance is an integral member of the senior leadership management team with the appropriate skills and qualifications to perform and oversee the financial department(s) of NMC.

Responsibilities

Key responsibilities include but are not limited to:

Responsible for financial health of the organization including all accounting functions.
Maintain all accounting records for NMC in accordance with CICA generally accepted accounting principles.
Foster strong relationships with department heads to support organizational goals.
Review monthly, quarterly, and annual financial statements. Distribute reports to department directors/managers to facilitate management of resources and forecasting of financial position.
Prepare narrative text and supporting documentation to accompany distribution of financial statements to committees, board, banks, and funding partners.
Lead the preparation and coordination of the annual audit process.
Manage the annual budgeting process and related forecast variance analysis. Collaborate with departments and corporate groups to align budget with the strategic plan.
Prepare the financial section of NMC’s Annual Report to the Community.
Report to Audit Committee, Ad Hoc Board Committees or Board of Directors as requested by President or the Secretary Treasurer.
Manage tax planning and compliance with charity and corporate business tax laws (GST, T3010, T4A’s, tax receipts, annual return).
Review and update HR policies and benefits packages in collaboration with other departments.
Cash management oversight including reviewing and approving weekly cash flow requirements.
Monitoring and reporting on the performance of investments and compliance with NMC’s Investment Policy.
Responsible for insurance policy renewal for Property, Directors and Officers, Key-man and collections and report to the Board on risks identified.
Develop, implement, and maintain appropriate systems and software for financial systems.
Ensure effective internal controls are in place for the security of systems and data.
Lead and mentor the finance, ICT and King Eddy teams, promoting professional development and a collaborative culture.
Provide strategic oversight for the organization's restaurant and live music venue, ensuring alignment with financial goals and brand standards.
Review and approve contracts and cheques in accordance with signing authority.
Develop, implement, and manage policies and procedures relating to financial resources.
Maintains open and effective relationships with partner organizations, banks government and funders.
Ensure that technology and data management practices support the organization's security, compliance, and operational needs.
Oversee the implementation and management of financial systems, software, and technology to improve efficiency and accuracy.
Responsible for ensuring the organization’s compliance with debt covenants and related reporting requirements.
Provide financial support across all departments, working closely with senior staff to ensure that budgets are closely monitored and accurate.

Qualifications

Completion of Chartered Professional Accountant (CPA, CMA, CGA) designation with 10 years of post-graduation experience.
Sound verbal and written communication skills.
Team player philosophy: it is critical to integrate with the existing operations personnel.
Practical experience in corporate accounting, cash management, tax return preparation and financial reporting.
Professional approach to individual conduct.
Flexibility and the ability to adapt to change.
Demonstrated ability to assume a leadership role and to establish and maintain effective working relationships with clients, colleagues, volunteers, and members of the public.
It would be beneficial to have experience with not-for-profit organizations.
Passion for music and knowledge and/or experience of the cultural industries in Canada an asset.
An organized approach to day-to-day tasks, strong computer skill set, including proficiency in navigating multiple software platforms is a benefit.

Key Relationships

President & CEO
NMC Leadership Team
NMC operations team
King Eddy Management
External auditors
Bank representatives
ICT Team
Finance Team
Board Secretary/Treasurer

Compensation-Benefits

The salary for this position will be competitive and commensurate with the candidate's experience and qualifications. A comprehensive and competitive benefits package is also offered to support the well-being of our team members.

Qualified applicants should send resume and cover letter to Nandita Aggarwal, Director of Administration at nandita.aggarwal@nmc.ca on or before November 29, 2024.

Please ensure that your full name is in the file name (ex: Lastname_Firstname_cover_letter_resume) and the subject line of your email is: Director of Finance Application. Only qualified applicants will be contacted for an interview. No phone calls please.

National Music Centre (NMC) believes in the power and importance of fair hiring practices in the workplace. We ensure equal opportunity for all qualified applicants and encourage people of all visible minorities, and those of any religion, sex, age, ability, sexual orientation, gender identity or expression to apply.