Chief Financial Officer - Phelps

Toronto Community Housing, Toronto, ON

Closing Date Sept. 30, 2022 Location Toronto, ON Work Type
Salary Range
Experience Level  - Job ID Phelps
Job Description

About Toronto Community Housing

Toronto Community Housing (TCHC) is the largest social housing provider in Canada and the second largest in North America. This corporation of the City of Toronto owns and manages approximately 60,000 rental housing units in over 2,100 buildings across the city, amounting to a $9-billion public asset. TCHC’s mandate is to provide clean, safe, secure homes in a state of good repair to low- and moderate-income households, including seniors, families, singles, refugees, recent immigrants to Canada and people with special needs.

Guided by its values – Respect, Accountability, Community Collaboration, Integrity, and Accessibility for Persons with Disabilities – and commitment to tenants, TCHC working collaboratively and with residents' needs at the forefront, to connect residents to services and opportunities, and help foster great neighbourhoods where people can thrive.

About the Role

As Toronto Community Housing’s new Chief Financial Officer (CFO), you will play a key role in enabling the organization’s mandate through responsibility for TCHC’s strategic leadership and business planning, including budgeting, financial forecasting and planning, reporting, capital management, internal audit, and procurement. Reporting to the President and Chief Executive Officer, and in collaboration with the Senior Executive Team, you will build relationships and partnerships that facilitate organizational change management and ongoing business process improvements, and ultimately support the achievement of the organization’s strategic priorities.

This is a sizable and complex mandate, with organization-wide responsibility for:

  • Developing and implementing the financial strategy for both Operating and Capital.
  • Establishing and overseeing the operational process.
  • Building a high-impact, high-performance team to successfully execute the work plan.
  • Overseeing the procurement function; and
  • Overseeing the internal audit function.

Leveraging your progressive accounting and finance background, you will develop a robust financial plan with short-, mid- and long-term goals, ensure appropriate financing and cost monitoring of all organizational initiatives, prepare the annual operating and capital budgets, including the 10-year capital plan, and effectively communicate and present financial and strategic matters to the CEO/Board of Directors and the City of Toronto.

Your analytical and computer skills will prove invaluable as you ensure a rigorous approach to financial analysis, including the implementation of appropriate systems, processes, and internal controls, implement financial information systems to ensure appropriate support of financial decision-makers, prepare monthly, quarterly, and annual financial statements, and manage all regulatory requirements. This will include maintaining reporting standards in accordance with Public Sector Accounting Standards and overseeing the year-end audit process.

As CFO, you will oversee approximately 100 direct and indirect reports, providing guidance to senior leaders, ensuring overall effective management of the division, providing coaching and development to motivate teams, actively supporting succession planning, establishing a performance-driven operational philosophy, and maintaining an environment of high employee engagement. You will also oversee the implementation of program measurement and process improvements based on industry best practices and internal innovation and see to it that TCHC follows the basic principles of the Broader Public Sector Procurement Directive so that all procurement is conducted in a fair, transparent, and objective manner.

About the Candidate

With a degree (master’s preferred) in Accounting, Finance or Business, and 15 years of progressive experience, including 5 years in a senior or executive-level role, you welcome the exciting challenges and opportunities presented by this executive position. Preferably, your track record of accomplishments has included 3+ years in project management, and experience in Public Sector financial management, as well as working with, and reporting to, Boards and Committees. A Chartered Professional Accountant (CPA) designation is required, preferably combined with Procurement, and ISACA (internal audit) certifications.

This is a career-defining role for a strong communicator who exhibits high standards of personal integrity and ethics, is flexible and adaptable to changing business environments, and is both strategically minded and tactically skilled, able to support senior leadership in the achievement of established objectives and goals, the efficient use of management and economical resources, and the safeguarding of assets.

As this accomplished senior manager, you are recognized for your excellent leadership skills and ability to problem-solve, innovate, and provide compelling solutions for challenges that arise, and for your tenacity in adapting to the ongoing evolutionary change of systems and technology. You are committed to building on, integrating and assessing the elements of equity, diversity and inclusion in all forms, and adept at creating and maintaining a client (tenant and employee) focus through exemplary customer service skills.

How to Apply

To apply to this mission-critical executive role in municipal public housing administration, submit your application to Phelps at [email protected], specifying the job title in the subject line of your-mail. Application deadline: September 30th 2022.

401 Bay Street, Suite 1400, Toronto, ON M5H 2Y4
Phone: 416 364 6229

Toronto Community Housing is committed to providing equal opportunity to all employees. We strive to create a diverse and inclusive workplace that represents the cultural mosaic of our great city and the communities we serve. We recognize the value that comes from the different viewpoints, unique experiences, and diverse perspectives of our employees, who bring fresh, new ideas to our business. Diversity plays a key role in our ability to deliver on our mission of providing clean, safe, and affordable homes for tenants.

Toronto Community Housing is strongly committed to diversity and inclusion within its community and encourages applications from Indigenous peoples, racialized persons/persons of colour, persons with disabilities, women, LGBTQ2S persons, and others who may contribute to fostering innovative ideas and solutions.

As an employer, Toronto Community Housing has a duty to accommodate at all stages of the hiring process in accordance with the Ontario Human Rights Code, the Accessibility for Ontarians with Disabilities Act, 2005, and Toronto Community Housing's Accessibility Policy.