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Director, Finance Business Partnering

Sector: Finance 

Language Designation: Bilingual 

Language Skill Levels (Read/Write/Speak): CBC 

Salary Range: $141479.63 to $176849.54

Position Status: Permanent Full Time 

 
We’re not your typical government agency
Canada Mortgage and Housing Corporation (CMHC) exists for a single reason: to make housing affordable for everyone in Canada. We’re mobilizing the expertise and energy of governments, non-profits, lenders, developers, social entrepreneurs and co-ops to create the future of housing. At CMHC, we believe that everyone in Canada should have a place to call home.
 
Experience a Results-Only Work Environment™ (ROWE™)
At CMHC, we trust you to get the job done. We’ve shifted from managing people to managing work. Each employee is 100% autonomous and 100% accountable. You can choose where you need to be and when you need to be there to meet your objectives. You’re in control of your time and are trusted to make the right decisions.
 
 

About the role
We’re constantly evolving to build an inclusive housing system through research, design, innovation and partnerships. You will drive strong, effective relationships with senior management in the lines of business and functional service areas. You will enhance, design, manage, prepare and administer oversight for the business, ensuring all financial decisions and reporting are made in the best interest of the organization. You will help to support, create value, challenge the business by improving quality decisions, and ensure that a chosen business strategy delivers the highest value for the company, client and shareholders at a manageable level of risk. You will manage overall client portfolios involving financial responsibility and operational complexity. You will play a significant role in the execution of finance’s components of the corporate strategy and will be a key player in supporting business lines to achieve their components. You will implement corporate-wide or divisional finance tools that will help further the financial planning cycle and reporting (annual planning, quarterly updates, consolidated financial statements, Management's Discussion and Analysis, ad hoc reporting and long-range plans). Your expertise managing teams to provide revenue/cost analysis, service support, reporting and analytics compliant with standards, and various special projects for the Corporation's executive leadership and direct clients. This will help us make housing affordable for everyone in Canada.
 

What you will need
• Chartered Professional Accountant (CPA) is a strong asset
• MBA or Chartered Financial Analyst (CFA) designation is considered an asset.
• Undergraduate degree in accounting, finance, business administration, economics or commerce or in a related field.
• Minimum of 13 years of experience in a senior financial management position.
• Minimum of five years of leadership experience.
• Previous experience in a corporate background.
• Extensive experience providing sound financial advice to senior management.
• Solid understanding of CMHC accepted financial practices.
• Ability to forecast potential financial corporate risks.
• Demonstrated ability to negotiate and communicate to influence colleagues, partners and stakeholders.
• Thorough understanding of financial accounting and reporting guidelines and standards.
• Thorough knowledge of Treasury Board and Department of Finance guidelines.
• Superior knowledge and understanding of Corporate accounting policies, processes and systems particularly as they relate to the areas of responsibility.

 

What you will be doing

 

Advice and Counsel
• Provides proactive, value-added financial advice, interpretation, and analysis of results to improve financial performance.
• Acts as the key Finance liaison between the client group and other CMHC teams (e.g., Risk, Actuarial, Corporate Planning and Financial Accounting).
• Oversees and enables efforts to promote a strong business partnering service culture, ensuring a service delivery approach that is responsive to the operational and strategic needs of clients / business units.
• Ensures that senior-level discussions are being conducted to support advisory responsibilities.
• Leads key business analysis activities through consultation with business partners and based on expert-level understanding of industry financial requirements and CMHC-specific requirements.
• Supports executive clients in complying with the external audit, including the timely provision of reports, explanations, data and related information, as required, by the external auditors for client group activity.
• Develops and maintains relationships with Treasury Board Secretariat stakeholders on matters related to CMHC’s appropriations and reporting activities, including the development, review and presentation of submissions to Treasury Board, Cabinet and Management Committees.
• Contributes analyses and key financial content to presentations and briefing material used by the client leads and senior management to brief members of the Board Committees regarding CMHC’s financial position. Simplifies complex information, which can be communicated to all audiences.
• Provides expertise in the development and delivery of a standardized framework, process and templates to support budget development and approvals, including the development of the Operating Plan and Budget, Quarterly Budget Reports, Capital Budget for Furniture and Equipment, and the financial plans included in the Corporate Plan.

 

Analysis and Oversight
• Collaborates with the Vice-President, Finance and senior executives to define client needs; establishes the service offering, service standards and service delivery mechanisms; fosters a business partnering dynamic, and prioritizes and plans company resources from both a business support point of view and an enterprise-wide point of view.
• Acts as a key strategic business partner to the business leads, provides advice on the development of annual business plans and reallocation of budgets and leads the development, review and challenge of the annual financial plans, financial forecasts, cost estimates and the development of business cases.
• Collaborates with the business unit leads, provides guidance and oversight into the development and recommendation of assumptions used in financial or actuarial models (e.g., capital, stress testing and pricing models).
• Oversees the provision of business-specific accounting support to business units, including annual and quarterly financial statements and financial statement data (e.g., provisions) and interpretation of accounting policy.
• Supports the Executive Lead in their role to provide effective strategic financial oversight of the line of business or functional service areas, ensuring all financial decisions are made in the best interest of the organization. Oversees the preparation of proactive financial analysis and the deployment of finance expertise and insight (explanation of financial results and trends) to clients.
• Leads and oversees the preparation of the impact analysis of any new financial aspect of initiatives on the business’ financial management, planning and reporting. Ensures oversight for proper integration and capture of impacted financial systems and the provision of recommendations for proper accounting treatments and related presentation.
• Leads the development of integrated financial strategies for corporate operating and capital expenses, including staff-year requirements, under a number of plausible scenarios.
• Leads and oversees reporting against financial targets including related analysis and leads the development, evaluation of, and improvements to required frameworks and outcomes for financial planning and forecasting for new investments.
• Monitors compliance with the organization's Internal Control Framework, ensuring best practices are applied.

 

People Leadership (human relations skills)

• Implement strategies to align people, work and systems to improve outcomes and maximize results
• Ensure that the pace, scope and cost of initiatives are planned, monitored and controlled
• Lead a large team, delegating responsibility and accountability while building capabilities within a division
• Inform decision-making with sound understanding of context, data and evidence; acknowledges impact and outcome of decisions
• Demonstrate and promote stewardship and governance of financial and human capital resources
• Develop objectives and take responsibility for engagement, enabling a culture of learning, performance management and accountability for a division
• Creates opportunities that encourage bilingualism and diversity and implements practices to advance an inclusive, healthy organization, respectful of the diversity of people and their skills and free from harassment and discrimination

 

Tracking and Monitoring to Metrics
• Leads the definition of financial metrics to measure business performance.
• Leads and oversees tracking, monitoring and reporting on financial metrics and targets including oversight over budget controls and allocations to cost centers, projects, initiatives, programs and other relevant criteria in alignment with CMHC’s operational plans and strategic plans and priorities.
• Provides advice and guidance on the selection of operational metrics and their target levels based on best practice and on evolving industry standards and CMHC-specific needs and requirements.
• Oversees the development, implementation, review and monitoring of the effectiveness of accounting policies, processes and systems and advises on appropriate changes where required. Provides responses to draft documents circulated for comment by external parties, and maintains awareness of financial reporting and accounting practices of Canadian and U.S. companies.
• Ensures that accounting policies, procedures and processes are followed by client leads, recognizing the current and emerging requirements of International Financial Reporting Standards (IFRS), Office of the Superintendent of Financial Institutions (OSFI), the Financial Administration Act (FAA), National Housing Act (NHA) and Canada Mortgage and Housing Corporation Act, and Treasury Board, PWGSC and Department of Finance guidelines and directives.
• Provides business-specific accounting including annual, quarterly and monthly financial statements and financial statement data.
• Leads the development of and champions future business strategies and policies by identifying emerging issues, trends and opportunities, researching and analyzing their implications and developing solutions.

 

Results and Outcomes
• Internal client satisfaction based on quality and timeliness of advice and guidance.
• Completion of accurate and timely financial statements, monthly, quarterly and annual reports.
• Performance of the Finance Business partner team.
• With input from business unit leads and Corporate Performance, oversees the development, implementation, standardization, and monitoring of meaningful and appropriate strategic and operational performance indicators, measures and targets for business unit, to ensure the business is meeting stakeholder expectations and achieving strategic objectives.
• Applies an understanding of business performance measures and delivers reports containing in-depth analysis which provides meaningful insight into the underlying drivers of performance from operational and strategic metrics, key expense performance indicators, benchmark comparisons, and other variables, and actionable recommendations to optimize business performance.

 

Does this sound like you?
Click the “apply now” button and create an account (it should take about 30 seconds). We’re excited to hear from you! 

 

Posting closing date: September 19, 2019 @ 11:59 pm EST (Note, the competition may remain active until filled)

 

 

Job Requisition ID: 4032  

Primary Location: OttawaOntario  

Other Location(s):  

Security Requirement: Secret 

Travel Requirement: Travel not required 

 

We sincerely thank all candidates for their interest, however, please note that only those applicants selected for further consideration will be contacted.
 
Diversity
CMHC is an employer that values diversity and encourages the learning and use of both Canada's official languages. CMHC is committed to employment equity and actively encourages application from women, Indigenous people, persons with disabilities and visible minorities
 
*If selected for an interview or testing, please advise us if you require an accommodation.

Learn more below about CMHC and how we help Canadians meet their housing needs.