Financial Officer

Job Location: Regina, Saskatchewan
Compensation: Negotiable

Job Description

The Saskatchewan Arts Board is seeking a highly motivated, results-oriented individual to join its multifaceted and dynamic team to fill the position of Financial Officer.

Employment Type: Out of Scope, Permanent, Full-time

Location: Regina

Start Date: As soon as possible – negotiable

Application deadline: Friday, September 1, 2017, at 4:30 p.m.

Applications must include:

Current resumé and cover letter, which include details that demonstrate how you meet the essential competencies and qualifications. Please include your salary expectations in your cover letter.

E-mail applications to:

G. Paul Armstrong, Director of Administration, Saskatchewan Arts Board Please indicate the position for which you are applying in the subject line of your e-mail.

The Saskatchewan Arts Board strives to be a workplace of choice that recognizes and empowers its people, promotes continuous learning and improvement and provides value for the public. The Arts Board is committed to employment equity and workplace diversity and encourages applications from all qualified women and men, including Indigenous and Métis peoples, persons with disabilities, visible minorities and new Canadians.

We appreciate and thank you for your interest; however, only those selected for interviews will be contacted.

The successful candidate is subject to a Criminal Record Check as a condition of employment.


The Financial Officer is a key member of the agency team, reporting to the CEO, working closely with the Board of Directors, and supervising one in-scope employee. The role is integral to the achievement of the Arts Board’s strategic plan and its primary financial, organizational and business objectives. This individual assures compliance with Saskatchewan-based public sector accounting and audit standards and practices; leads the development and management of the agency’s strategic financial objectives; contributes to strategic planning and the implementation of business plans for the agency; and ensures the financial credibility of the agency by managing processes for research and planning, financial forecasting and analysis, and consolidation and reporting. This is an out-of-scope position working in a unionized environment. Intermittent travel may be necessary.


·       Provides leadership for sound financial strategies, objectives, policies, and practices that support the agency’s activities and business cycles.

·       In the absence of the CEO, have the responsibilities and authority of the CEO position while recognizing Executive Limitations.

·       Participate in corporate strategic planning with the Board of Directors and/or the CEO and management team.

·       Participates as a non-voting member of the agency’s Finance, Investments & Auditing Committee.

·       Advise the CEO on financial management items that have an impact on operations.

·       Is responsible for, in collaboration with the CEO and management team, the development of annual operating and capital budgets, resource allocation planning and decision making.

·       Prepare the annual budget in a format appropriate for presentation to the Board of Directors for their acceptance.

·       Work with the CEO in the development of the annual budget estimates for submission to government.

·       Leads development and maintenance of financial management frameworks and systems, which can include but is not limited to:

o   Electronic software products and support for finance;

o   Accounting conventions and protocols;

o   Charts of accounts;

o   Financial statements for internal and external use including all journal entries, general ledger, trial balances, bank reconciliations, lead sheet schedules, payroll and remittance systems, and any other requirement for that purpose;

o   Mapping of budget estimates to financial statement architecture; and

o   Manual of the agency’s financial management policies and procedures that ensure stewardship and minimize risk.

·       Oversee the Finance and Operations Coordinator to ensure the accurate and timely processing of accounts payable and receivable and the production of related documentation.

·       Prepare and present financial statements and variance analysis, reports on the status of managed funds and other financial information as required to the Finance Committee of the Board of Directors.

·       Monitor, analyze and report to the CEO and management team on the agency’s financial position, including liquidity, the achievement or to-date performance of budget goals and the financial impact of identified organizational and operational strategies and/or goals; recommend options, including but not limited to break-even or deficit projections; and predict requirements to ensure business plan objectives are met.

·       Monitor the performance of managed funds and investments and report the results to the CEO and the Board’s Finance Committee, analyze and evaluate the metrics and success criteria for portfolio goals and objectives, and review and consider investment opportunities.

·       Provide accurate and timely reports to staff concerning the status of specific budget items (i.e., program resources, outstanding grant payments, staff expenses, etc.).

·       Ensure the integrity of agency’s financial systems, internal controls and statements and compliance with public sector accounting requirements and generally accepted accounting principles; manage internal preparations for the annual audit process; and work cooperatively and collaboratively with the external audit team.

·       Prepare financial reports for external communication, including but not limited to draft audited statements, payee lists, summary financial reports, and other provincial government requirements.

·       Provide advice to the CEO and management team about issues that may have a financial impact on the agency’s financial well-being, including but not limited to: collective bargaining, staffing action, settlements and severance packages, etc.

·       Participate in and provide advice as required during regular meetings of the Board’s Finance Committee, and/or the management team or staff.

·       Oversee the management of leased facilities, including negotiation and liaison with property managers concerning leases for the agency’s facilities, and with insurance brokers concerning insurance on the agency’s art collection, assets and leaseholds.

·       Contribute to the overall proficiency and effectiveness of the Arts Board by performing other duties incidental to the work described herein and advancing a process of continuous improvement within the agency.

Desired Skills & Experience


· Completion of a professional accounting designation (CPA CA, CPA CMA, CPA CGA) complemented by a university degree in commerce or administration with a major in accounting, and a minimum five years’ related experience with at least two years spent in a senior accounting position.

· Comprehensive knowledge of accounting and financial reporting standards as well as public sector financial management and legislative requirements, internal controls and audit standards and practices.

· Advanced skills in strategic and operational planning and best practices, policy and budget development, connecting financial performance objectives to organizational and management goals, problem solving and analysis, report preparation and presentation, risk assessment, and oversight of managed and endowed funds.

· Demonstrated ability to:

o Accurately identify and analyze issues, relevant data, trends and opportunities;

o Consider a variety of options; and

o Determine and recommend or implement constructive solutions or strategies that will resolve immediate and ongoing problems and challenges.

· Superior standard of professional job performance with the ability to handle confidential information with discretion, to plan and carry out assignments in an effective, organized and timely manner with excellent attention to detail especially when planning and managing multiple jobs at once and during periods of heavy workload.

· Trusted and resourceful team player with experience in a supervisory capacity and the ability to work independently and collaboratively in a dynamic environment.

· Strong communication skills, both verbal and written, and a demonstrated ability to listen, accurately comprehend, respond clearly and to present and discuss financial issues and reports clearly and succinctly and in a way that convinces, conveys information, builds support, educates, overcomes challenges and promotes understanding with diverse internal and external stakeholders.

· Proficient in computer software applications including Sage 50 Premium Accounting, Excel, databases and Microsoft Office programs.

· Understanding of the role of a Board of Directors, Board governance and Board/management relationships.

· Possession of a valid Saskatchewan driver’s license.

Contact Details

To apply submit your resumes to

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