Finance Director

TMU welcomes those who have demonstrated a commitment to upholding the values of equity, diversity, and inclusion and will assist us in realizing the benefits of embedding these values into the work at every level and in every unit of the university. In addition, to correct the conditions of disadvantage in employment in Canada and to bring lived experiences to the work, we encourage applications from members of equity deserving groups that have been historically disadvantaged and marginalized, including First Nations, Métis and Inuit Peoples in Canada, First Nations Peoples in the United States, racialized people, Black people, persons with disabilities, women, and 2SLGBTQ+ people. Preference will be given to candidates with lived experiences as people from equity deserving groups, as well as experience working with these communities with which the University works every day. Please note that all qualified candidates are encouraged to apply and we welcome newcomers and immigrants to Canada.

In April 2022, the university announced our new name of Toronto Metropolitan University, which will be implemented in a phased approach. Learn more about our next chapter.

Applications should be directed to our career page.

About the School of Medicine

It's time to transform medical education. Toronto Metropolitan University's School of Medicine has been designed from the ground up to shift the paradigm of healthcare delivery and improve the well-being of individuals, families and communities. With a community-driven, intentionally inclusive approach, the new school is training doctors whose cultural awareness and humility are as crucial as their medical skills.

Led by Dr. Teresa M. Chan, a forward-thinking educational leader, TMU's School of Medicine draws on the university's commitment to community, equity, and innovation to address rapidly changing healthcare needs. The school will train a new generation of physicians who are ready to learn, to adapt, and ultimately to be agents of change.

The Opportunity

We are hiring a Finance Director to join the School of Medicine! This newly created role leads the development and implementation of school-wide financial planning, forecasting, budgeting, and resource management strategies that advance the academic, research, and operational priorities of the School of Medicine.

Serving as a trusted strategic advisor, the position provides expert financial counsel to the Chief Administrative Officer (CAO), the Dean, and senior leadership by assessing long-term financial implications, recommending evidence-based solutions, and ensuring alignment with broader University policies, procedures, and governance frameworks.

This role oversees the financial operations of the School of Medicine, supporting budgeting, reporting, financial compliance, and informed decision-making. he Director also provides financial and advisory support to the Integrated Health Centre, including support for external financial reporting and audit requirements,, in close collaboration with TMU Financial Services and the University Planning Office.

In addition, the Director conducts financial research and analysis to inform policy development and long-term planning, and represents the CAO and the School of Medicine in TMU-wide planning discussions and committees.

Responsibilities include:

Financial planning, budgeting and management

• Provides financial advice, analysis, and decision-support to departments within the School of Medicine to support budget development, financial planning, forecasting, and effective resource management.
• Manages day-to-day financial activities for the School of Medicine, including monitoring and reconciling operating and payroll expenditures, and ensures that actual financial results reconcile with approved targets
• Collaborates with the University Planning Office (UPO) to support the annual budget development process for the SoM

Payroll Administration and Financial Oversight (SoM Residents and IHC Employees)

• Oversees, reviews, and approves biweekly payroll registers before the third-party vendor releases payments and monthly reconciliations. Investigate unusual variances, adjustments, and exceptions.
• Monitors payroll funding requirements, forecast upcoming payroll obligations, and ensure sufficient funds are available in the designated bank account before each payroll withdrawal
• Oversee the processes, systems, and internal controls supporting the administration of payroll, benefits, and expense claims for medical learners (residents) and Integrated Health Centre (IHC) staff.
• Provide leadership and oversight to staff responsible for processing payroll, benefits, and expenses, ensuring accuracy, timeliness, and compliance with applicable policies and requirements.
• Establish and maintain effective procedures, workflows, and controls to support reliable and efficient administration of these functions.

Strategy and external collaboration

• Conducts financial research and analysis to support the Dean and CAO in the development of a funding model for the School of Medicine and the Integrated Health Centres (IHC)
• Monitors SOM activities relevant to external funding and reporting obligations, and ensures timely information sharing with relevant stakeholders
• Develops and implements a strategic roadmap for School-wide financial forecasting, planning, and internal financial controls, including long-term budget plan for the SoM that supports the academic, research, and operational priorities
• Provides expert analysis and strategic advice on financial risk management for proposed and approved School initiatives

Financial evaluation and program analysis

• Conducts financial evaluations of revenue-generating proposals and new initiatives, and analyzes program costing reports

Accounting management, reporting & analysis

• Manages a wide range of operating, trust, and project accounts (research and non-research) for the SoM and IHC,
• Supports University-wide interim and year-end financial statement audits by coordinating SoM responses, and responds to audit inquiries related to IHC and SoM special purpose audits
• Leads the planning and execution of financial analysis to support strategic and operational decisions, and oversees the development and maintenance of statistical analysis systems and integrated financial tracking tools

HR management

• Manages and supervises staff, assigns and prioritises tasks, establishes goals, sets expectations and evaluates performance.

Leaders at TMU are required to demonstrate the following Leadership Competencies:

• Acts with Integrity: Demonstrates behaviors aligned with high ethical standards and personal integrity and acts in accordance with TMU values.
• Builds Relationships of Trust & Collaboration: Actively builds a culture of trust and fosters meaningful relationships.
• Leads Inclusively: Creates an inclusive environment where everyone is respected, recognized, empowered to achieve their potential, and valued for their differences.
• Demonstrates Organizational Acumen: Understands and respectfully navigates complex internal and external environments using sound judgment, diplomacy, and tact.
• Drives Vision & Results: Creates and implements a vision grounded in sound decision-making to achieve desired outcomes.

Qualifications

To help us learn more about you, please provide a cover letter and resume describing how you meet the following required qualifications:

• Completion of a university degree program in finance, accounting, business or public administration, or a relevant field.
• A minimum of 7 years of progressive experience in financial management within a post-secondary, public sector, or MUSH (municipalities, universities, school boards, hospitals) environment, including experience managing complex budgets, government funding, and resource planning.
• Equivalent experience or a combination of equivalent experience and education may be accepted in place of education.
• Demonstrated work experience in statistical analysis to support forecasting, financial modelling, and program/project viability assessments.
• Chartered Professional Accountant (CPA) is an asset.
• Strong analytical and problem-solving skills, including variance analysis and financial interpretation.
• Knowledge of statistical analysis measurement theory to support forecasting, modelling, and program/project viability assessments.
• In-depth knowledge of accounting and finance principles and associated technical and security considerations.
• Knowledge of Microsoft Excel/Google Sheet and financial systems/software applications to support modelling and reporting.
• Knowledge of post-secondary education systems, funding structures and sector-specific financial issues.
• Demonstrated skill in developing and implementing financial policies, procedures and processes for new or evolving business initiatives.
• Strong project and time management skills in a fast-paced environment.
• Effective communication skills to convey complex financial information with stakeholders.
• Troubleshooting skills, particularly in identifying causes of financial variances.
• Ability to work on team-based projects, and prepare and present accurate reports to senior management.
• Ability to organize and manage a complex financial process with accuracy and consistency.
• Systems-wide thinking skills, with ability to assess financial and operational implications across units and stakeholder groups.

Additional details

Position number: 20004960
Reports to: Chief Administrative Officer Department, School of Medicine Work
Location: Hybrid (Note: The primary work location for this role is the School of Medicine campus in Brampton.)
Vacancy Type: Term
Employee Group: MAC
Start Date: ASAP
End Date: 2 years from start date
Hours of Work: 36.25
Grade: D61
Salary Scale: $97,655 - $155,994
Hiring Salary Range: $97,655 - $126,825

Additional Notes:

• An equivalent combination of education and experience may be considered.
• As part of the selection process, candidates may be required to complete an occupational assessment.
• Applications will only be accepted online through Toronto Metropolitan University's career site.
• We will provide an accessible experience for applicants, students, employees, and members of the Toronto Metropolitan University community. We are committed to providing an inclusive and barrier-free work environment, starting with the recruitment process. If you have restrictions that need to be accommodated to fully participate in any phase of the recruitment process, please submit your request through the AskHR webform. All information received in relation to accommodation will be kept confidential.