Description
Position purpose The Director of Finance is accountable for the integrity of KHI?s financial management and provides strategic financial advice to the Executive Director and Board of Directors. The position leads financial planning, accounting, reporting, controls and funding administration to support organizational sustainability and responsible stewardship of housing assets and public resources. The role combines senior financial leadership with hands-on oversight appropriate to KHI?s size. The Director works with operations staff to understand service needs and translate them into affordable plans, and maintains productive relationships with the City, Region, auditors, lenders and other funding partners. 1. Financial strategy, budgets and forecasting · Lead the annual operating and capital budget process, establish assumptions and timelines, and consolidate departmental submissions. · Prepare multi-year financial plans, property-level analysis, cash flow forecasts and scenario modelling; identify affordability pressures and options. · Monitor actual results against budgets and forecasts, explain variances and recommend corrective action. · Advise on reserves, debt, mortgage maturity and end-of-operating-agreement implications, and long-term funding needs. · Provide financial analysis for service changes, major purchases, agreements and organizational initiatives. 2. Accounting and financial operations · Oversee the general ledger, financial coding, accruals, account reconciliations and timely monthly, quarterly and annual close. · Ensure accurate processing and reconciliation of accounts payable, accounts receivable, banking, tenant revenue and other financial transactions. · Work with housing operations to reconcile rent charges, subsidies, arrears, adjustments and write-offs; support consistent financial controls over tenant accounts. · Maintain appropriate capital asset records and accounting treatment for capital expenditures, grants, restricted funds and reserves. · Monitor cash requirements, banking arrangements and authorized investment activity in accordance with approved policies. · Oversee applicable tax filings, rebates and statutory remittances, obtaining specialist advice when required. 3. Housing funding and compliance · Maintain a complete register of funding agreements, restrictions, reporting obligations, deadlines and accountable staff. · Lead financial submissions to the Region and other funders, including budgets, subsidy reconciliations, grant claims and year-end reports. · Oversee financial administration of applicable capital and housing programs, including COCHI, OPHI and CMHC-funded initiatives where relevant. · Track eligible expenditures, funding receipts, contributions and commitments; maintain supporting documentation for claims and funder reviews. · Identify and promptly escalate potential ineligible costs, funding shortfalls, missed milestones or repayment exposure. · Work with operations and project leads to coordinate financial information with non-financial program reporting. 4. Capital planning, asset renewal and development · Partner with operations to translate asset condition information and renewal priorities into long-term capital funding plans. · Develop business cases and financial models for retrofits, redevelopment, new housing and major capital investments. · Monitor approved project budgets, contracts, commitments, actual costs and forecast costs to completion. · Evaluate funding and financing options, affordability impacts and financial risks; support applications and negotiations with authorized decision-makers. · Report emerging project variances and recommend funding or scope adjustments through the appropriate approval process. 5. Governance, audit and risk · Prepare timely financial statements, dashboards and decision reports for the Executive Director, Board and relevant committees. · Attend meetings as required and explain finan