Executive Director of Finance
7 days ago
We are a mid-sized Community-based organisation providing multiple services to the local community.
Job DescriptionThe Executive Director of Finance will lead on the following key areas:
- Leadership
- Foster a positive team environment characterised by high levels of motivation and collaboration, encouraging teamwork and mutual support among team members.
- Lead and oversee the team's day-to-day operations, providing direction and support as needed.
- Guide, mentor, and coach team members to help them achieve both individual and company objectives and targets, fostering a culture of continuous improvement.
- Cultivate staff capabilities through targeted training initiatives, aiming to build a highly skilled and capable team capable of delivering world-class customer service standards to both internal and external stakeholders.
- Planning & Strategy
- Assist in formulating the future direction and supporting tactical initiatives.
- Monitor and direct the implementation of strategic business plans.
- Develop financial and tax strategies.
- Manage the 3-year forecast and annual budgeting processes and reporting against budget.
- Operations
- Provide strategic financial advice to the CEO, Executive team, and managers in all aspects of financial management, annual budget development, and monthly budget reporting of variances.
- Managing the financial reporting for the organisation.
- This includes monthly financial reporting, budgeting, and forecasting, 3-year financial plans, and all statutory financial reporting.
- Oversee the preparation of the Annual Financial Report of Operations in accordance with legislative standards.
- Provide timely financial reports and monitor the effectiveness of accounting and financial management information systems and financial controls in meeting all legislative and departmental requirements.
- Overseeing Accounts Payable, Accounts Receivable, Tax, Treasury, Payroll, Financial, and Management Accounting functions.
- Maintain liaison with Government agencies to maximise funding and income opportunities for service development and growth strategies.
- Managing and overseeing the cash flow of the organisation and ensuring it has the appropriate treasury controls.
- Managing the External Auditor relationship and ensuring the organisation is compliant with accounting standards.
- Financial Information
- Prepare and interpret financial accounting reports to support the CEO and Executive team in decision making.
- Maintain accurate data information systems including reporting systems and projects.
- Oversee the issuing of financial information.
- Ensure all required financial information is prepared and presented on time.
- In consultation with the CEO and other senior managers prepare long-term financial plans and strategies; coordinate the preparation of annual budgets; coordinate external audits and preparation of the Annual Financial Report.
- Monitor cash balances and cash forecasts.
- Manage the transition of work currently undertaken by external accountants to in-house including tax compliance.
- Provide Management with information and produce KPIs on milestone reports against targets.
- Risk Management
- Understand and mitigate key elements of the company's risk profile.
- Monitor all open legal and insurance issues involving the company, and legal issues affecting the industry.
- Actively participate in the Continuous Improvement Program and Risk Management Programs to promote a quality and risk minimisation culture within the finance department.
- Assist in the maintenance of the financial portion of the Risk Register.
- Construct and monitor reliable control systems.
- Maintain appropriate insurance coverage.
- Ensure that the organisation complies with all legal, regulatory, contract, and grant requirements.
- Ensure that record keeping meets the requirements of auditors and government agencies.
- Assess credit exposure to clients and other third parties and manage accounts receivable to targets.
- Report risk issues to the Executive the Audit, Governance, and Risk committee of the Board of Directors.
- Risk Management to ensure the business has a solid risk framework in place.
- Maintain relations with external auditors and investigate their findings and recommendations.
This role is paying circa $185,000 + super per annum. The business is located in the Northern suburbs and this role will be 5 days in office.
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