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At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

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What You’ll Be Doing Reporting to the Executive Director of the CIBC Foundation (Senior Director of Community Investment), this role oversees the overall financial management of the CIBC Foundation, ensuring compliance with governing laws, regulations, and accounting standards. You will manage the Foundation Finance System, ensuring accurate financial reporting and maintaining internal controls to safeguard assets.

You will prepare contributions, donations, investments, and cash reconciliations, and develop comprehensive financial statements and cashflow forecasting for management and Board committees. You will also prepare board packages, including financial reports and speaking notes for Board and Committee meetings. You will be principal support to the Treasurer and Finance committee in fulfilling their duties.

As a strategic leader, you will provide financial insights to support long-term planning and decision-making. You will design and implement finance policies and procedures, coordinate with external auditors and the Foundation Treasurer, and collaborate with external tax counsel for tax return preparation.

At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote. How You’ll Succeed

• Financial Management: Oversee the overall financial management of the Foundation, ensuring compliance with governing laws, regulations, and accounting standards. Manage the Foundation Finance System to ensure accurate financial reporting and compliance. Develop and maintain internal controls to safeguard the organization’s assets and ensure the integrity of financial records.
• Cash Flow and Treasury Management: Conduct detailed cash flow forecasting to ensure the organization’s financial stability. Monitor and track investment accounts, working with the Outsourced Chief Investment Officer to provide management insights on performance and compliance. Prepare impact investing forecasts (or other such like activities) to evaluate potential returns on investments.
• Reconciliation and Reporting: Prepare contributions, donations, investments, and cash reconciliations to ensure accuracy in financial records. Prepare comprehensive financial statements for internal and external stakeholders. Develop and prepare board packages, including financial reports and speaking notes for Board and Committee meetings.
• Ensure timely and accurate preparation of monthly, quarterly, and annual financial reports.
• Financial Oversight and Coordination: Coordinate with external auditors and the Foundation Treasurer to ensure compliance and transparency in financial operations. Collaborate with external tax counsel for tax return preparation and compliance. Provide strategic financial insights and recommendations to the executive team to support long-term planning and decision-making. Participate in the development and implementation of the organization’s strategic plan.
• Team Collaboration and Development: Work closely with various departments to align financial strategies with organizational goals. Lead, mentor, and develop the finance team, fostering a culture of continuous improvement and professional growth. Facilitate cross-departmental collaboration to ensure financial considerations are integrated into program planning and execution.
• Compliance and Risk Management: Ensure compliance with all federal, provincial, and state regulations, as well as internal policies and procedures. Identify and mitigate financial risks to the organization, implementing risk management strategies as needed. Stay current with changes in nonprofit accounting standards and regulations, ensuring the organization remains compliant.

Who You Are

• You have a Bachelor’s degree in Finance, Accounting, or a related field; CPA or equivalent certification preferred and have a minimum of 7 years of experience in financial management, with at least 3 years in a nonprofit setting
• A strong knowledge of nonprofit accounting principles and financial regulations with proven experience in cash flow forecasting, investment tracking, and financial reconciliation.
• Proficient in financial software and Microsoft Excel; experience with accounting systems implemented in a Canadian charity context.
• Strong analytical and problem-solving skills, with the ability to think strategically and make data-driven decisions with a high level of integrity and commitment to ethical financial management.
• You're passionate about people. You find meaning in relationships and surround yourself with a diverse network of partners. You connect with others through respect and authenticity.
• Results driven. Motivated by a high sense of performance excellence and urgency.
• You're motivated by collective success. You know that teamwork can transform a good idea into a great one. You know that an inclusive team that enjoys working together can bring a vision to life.
• Proven ability to collaborate, and work well with a range of people across the organization, especially partners within Marketing, Communications, Human Resources and Strategic Business Units.
• Ability to analyze problems in complex, cross-bank environment with competing priorities.
• You’re goal oriented. You’re motivated by accomplishing your goals and delivering your best to make a difference, and have an ability to set and achieve clear objectives and deadlines.
• You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making.
• Strong written and verbal communication skills to build and maintain relationships and convey financial information and/or program information to employees, charities and not-for-profits, including senior leadership teams.
• Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.

What CIBC Offers At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
• Subject to plan and program terms and conditions

What You Need To Know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com
• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
• We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location Toronto-81 Bay, 33rd Floor

Employment Type Regular

Weekly Hours 37.5

Skills Accounting Standards, Accounting System, Budget Management, Cash Flow Forecasting, Cash Reconciliations, Decision Making, Financial Management, Financial Planning and Analysis (FP&A), Financial Regulation, Financial Reports, Investment Compliance, Investments, Microsoft PowerPoint, Nonprofit Organizations, Project Management, Relationship Building, Risk Management Strategies, Tax Preparation, Team Collaboration, Teamwork