Interim Chief Financial Officer (Fractional)

Major Accountabilities

Financial Reporting + Administration

• Provides direction, advice and guidance to the CEO on financial matters within and related to IBC.
• Establishes procurement policies, and provides oversight of compliance with those policies.
• Oversees the preparation of the annual budget and supporting documentation.
• Establishes financial policies, procedures and standards in accordance with the requirements and direction of the CEO, applicable national and provincial legislation and generally accepted accounting principles.
• Leads IBC’s audit process and liaises with IBC’s auditors during the planning and throughout the annual financial cycle.
• Oversees preparation of detailed monthly executive reports to inform IBC’s leadership on financial position, resource allocation and risk profile.
• Works with program leads at Innovate BC to develop annual spending plans and forecasts.
• Provides detailed financial information to the Audit Committee of the Agency, prepares annual financial statements for approval by the Chairman of the Audit Committee and the Agency.
• Maintains current awareness of developments in the fields of finance, budgeting, personnel, systems and administration as related to Crown agencies operating in the Province of British Columbia.
• Liaises with the Ministry responsible for IBC, and applicable central government ministries in order to support IBC fulfill its reporting and compliance requirements.

Risk Management + Compliance

• Establish and maintain IBC’s enterprise risk management framework, ensuring risks are identified, managed, and communicated effectively within the organization.
• Reports to IBC’s CEO & audit committee on IBC’s enterprise risk management framework and support the development of the annual internal audit plan.
• Lead IBC’s internal audit program and ensure timely response to internal audit findings.

Leadership

• Contribute to the planning and execution of IBC’s strategic corporate agenda, including providing input to service plans and delivering the required service plan reporting.
• Work with CEO on critical issues affecting the overall financial position of IBC over a multi-year period.
• Oversee the finance team’s activities in financial reporting, tax, and investment valuations.
• Provide leadership and overall supervision of the Finance team, including setting performance metrics, hiring, mentoring and staff development in adherence to the agency’s standards of conduct.
• Ensures the standards of conduct for the Finance team is upheld.
• Collaborates with and provides support to the CEO and executive team on other broader leadership initiatives.
• Optional (depending on the candidate): CFO also supports human resource management services for the organization, which include policy development, compensation and benefits, hiring, performance and employee relations.

Qualifications

• Membership in good standing with the Chartered Professional Accountants is essential.
• Experience as a senior finance and accounting executive and demonstrated progression through accounting and senior management roles (7+years).
• Post-secondary education in a relevant discipline
• Expertise and experience (5+years) in budgeting, accountancy, performance management, and corporate risk management processes.
• Expertise and experience (5+years) with external audits and internal compliance audit.
• Experience leading multidisciplinary teams (5+years).
• Knowledge of Public Sector Accounting Standards and all provincial and national legislation applicable to IBC.

Assets

• Experience in working with government in a senior financial role.
• Experience in working in an executive or c-suite role.
• Interest in working with or within the innovation ecosystem.
• Knowledge of financial risk management and enterprise risk management