Director of Finance

DIRECTOR OF FINANCE (DoF) 

Are you optimistic and like to find opportunities for growth and invest in the future? If you thrive upon financial planning and expansion, we would love to talk to you! 

Prism continues to grow at a rapid pace with challenging and great opportunities for experienced professionals looking to utilize their problem-solving, leadership and operational skills. We have an exciting opportunity for a Director of Finance (DoF) to join our growing team! 

Reporting to the Executive Vice President (EVP), the DoF will be directly responsible for the financial success of Prism Group Holdings, and the administration of its financial operations and strategic financial planning of its subsidiaries. The DoF will provide financial leadership, manage budgets, oversee accounting functions, conduct forecast analysis, and monitor corporate credit. Other duties include providing regular reports on the organization’s progress to both the Executive Vice President (EVP), and the Board of Directors and as part of the Senior Leadership Team (SLT), participating in the development of Prism Group Holdings’ priorities and objectives. Other duties will be assigned, as necessary. 

Who are we? 

Prism Eye Institute has celebrated over 50 years of service to the community. At Prism, we continue to focus on the best patient experience and best practices in the eye care spectrum. In 2020 North Toronto Eye Care (NTEC) merged with Prism Eye Institute, creating Prism Group Holdings, which is the largest Ophthalmology practice in Canada. 

Prism is an internationally renowned institute with 5 facilities and 2 surgical centres and together we serve over 200,000 patients and perform 10,000 surgeries each year. Prism is a centre of excellence providing a full spectrum of eye care and recognized for handling some of the most complex eye diseases in the world. 

Our Mission 

To provide exceptional patient experiences while delivering the highest quality eye care, from basic to the most complex, through collaborative clinical practice, education, research, and innovation. 

What does this role entail? 

FINANCIAL ACCOUNTING AND REPORTING  

  • Oversee the company’s financial accountability and controls; ensure appropriate fiscal controls are in place to meet statutory compliance and the integrity of data and statements. 
  • Report on a regular basis the company’s status against, and ability to meet, its strategic and operational objectives. 
  • Identify and analyze information to give early warning of potential problems and recommend corrective action. 
  • Prepare reports and evaluations for individual projects. 
  • Lead and supervise finance department staff on accounting, reporting, internal controls, budgeting, and other financial matters 
  • Investigate variances in budgets, reporting, internal controls, and general accounting; deploy measures to resolve variances 
  • Develop and maintain timely and accurate financial statements and reports that are appropriate for the users and in accordance with generally accepted accounting principles (GAAP)  
  • Develop, implement, and ensure compliance with internal financial and accounting policies and procedures 
  • Ensure that all statutory requirements of the organization are met including Withholding Payments (CPP, EI), Income Tax, Harmonized Sales Tax, Employer Health Tax 
  • Prepare all supporting information for the annual year end engagements and the external auditors as necessary  
  • Document and maintain complete and accurate supporting information for all financial transactions  
  • Develop and maintain financial accounting systems for cash management, accounts payable, accounts receivable, credit control and petty cash  
  • Review bank and investment account reconciliations  
  • Review monthly results and implement monthly variance reporting 
  • Manage the cash flow and prepare cash flow forecasts in accordance with policy 
  • Manage the acquisition of capital assets and ensure that assets are properly recorded amortized and disposed of as appropriate 
  • Liaise with the Treasurer, Finance Committee and/or audit committee as appropriate 
  • Assist the Executive Vice President with financial reporting as required at board meetings and the annual general meetings 

PAYROLL PREPARATION 

  • Oversee benefits and all payroll functions to ensure that employees are paid in a timely and accurate manner 
  • Oversee the bookkeeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll 
  • Manage periodic reviews of the employees’ benefit package and recommend changes. 
  • Issue annual T4s and T4As 

BUDGET PREPARATION  

  • Collaborate with the executive team to develop cost budgets for all operational aspects of the organization; manage project budgets, forecasts, and long-term strategic plans. 
  • Collect and analyze cost data versus budget for ascertaining financial performance and risk assessment. 
  • Assist program directors and project managers with the preparation of budgets for funding applications 
  • Analyze variable costs and make budget adjustments as appropriate. 
  • Manage the development, implementation and tracking of the company’s annual budgeting process such that the budgets will be in sufficient depth to form the basis for the planning process and for financial performance comparisons. 
  • Communicate and collaborate with departmental leaders to stay abreast of spending, budgeting, reports, and evaluation. 
  • Manage the procurement process ensuring adherence to the company’s corporate governance framework. 

 

PROJECT MANAGEMENT ACCOUNTING 

  • Maintain financial records for each project in a manner that facilitates management reports 
  • Ensure that accurate and timely financial statements are prepared in accordance with contract agreements with funders 
  • Provide accurate and timely reporting on the financial activity of individual projects 
  • Perform additional assignments as required by the needs of the operational unit, company, or as directed by the Executive Vice President  

 

INFORMATION TECHNOLOGY 

  • Evaluate the need for new technology to meet the organization’s financial data processing, control, and reporting requirements 
  • Advise on appropriate technology that meets the organization’s information requirements and financial resources 

RISK MANAGEMENT 

  • Monitor risk management policies and procedures to ensure that program and organizational risks are minimized 
  • Advise the organization’s leadership on appropriate insurance coverage for the organization and the board of directors 
  • Maximize income where possible and negotiate with bank for lines of credit or other financial services as required and appropriate 

OFFICE ADMINISTERATION  

  • Develop and maintain effective relationships with municipal, state/provincial, and federal government agencies, as well as professional organizations such as consultancy firms and auditors. 
  • Facilitate and oversee any auditing conducted by third parties to ensure effective resolution and swift closure of auditing activities. 
  • Plan, staff, and supervise all assigned work unit activities. 
  • Coordinate and confer with professional staff to resolve operating problems and difficulties and authorize department administrative procedures within corporate framework. 
  • Oversee the management of all leases, contracts, and other financial commitments 

 

QUALIFICATIONS AND EXPERIENCE REQUIRED: 

  • Requirements
  • CA/CPA designation 
  • Minimum of 5 years’ relevant experience within a medium sized organization 
  • Extensive, experience and knowledge in dealing with accounting systems, budgets, internal controls, business planning, and asset management 
  • Advanced proficiency with Quickbooks and spreadsheet programs and applications are an asset 
  • Extensive financial management experience in healthcare, or physician practice partnerships is an asset. Able to build and maintain lasting relationships with other departments, key business partners, and government agencies 
  • Experience creating and managing budgets for a decentralized organization 
  • A well-defined sense of diplomacy, including solid negotiation, conflict resolution, and people management skills 
  • Effective attention to detail and a high degree of accuracy 
  • High level of integrity, confidentially, and accountability 
  • Sound analytical thinking, planning, prioritization, and execution skills. 
  • Ability to respond appropriately in pressure situations with a calm and steady demeanour 
  • Ability to travel across geographic territory 

 Job Types: Full-time, Permanent 

How to Apply

Interested candidates should email a cover letter and resume to hr@prismeye.ca and mention “Director of Finance” in the subject line.

Prism Eye Institute is committed to meeting the needs of all individuals in accordance with the Accessibility for Ontarians with Disabilities Act (AODA) and the Ontario Human Rights Code. Should you require accommodations during the recruitment and selection process, please contact Human Resources.