Chief Financial Officer (CFO)

Posted 20 December 2022

Chief Financial Officer (CFO) at Phelps - Nunavut Tunngavik Inc.

Wealth Management Full-time Nunavut

Experience: Senior-Level
Education Required: CPA, CA, CMA, CGA
Salary Range: Not Specified

Close date: 27 January 2023

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(NTI)Nunavut Tunngavik Incorporated (NTI) ensures that promises made under the Nunavut Agreement are carried out. Inuit exchanged Aboriginal title to all their traditional land in the Nunavut Settlement Area for the rights and benefits set out in the Nunavut Agreement. The management of land, water and wildlife is very important to Inuit. NTI coordinates and manages Inuit responsibilities set out in the Nunavut Agreement and ensures that the federal and territorial governments fulfill their obligations.

Position Description

A high-impact mandate within NTI’s Department of Finance for a CPA who has the financial acumen, the business skills and credibility, and the commitment to lead by example in ensuring the financial health of an organization whose mission is “Inuit economic, social, and cultural well-being through implementation of the Nunavut Agreement.”

About the Role

Under the direction of the Chief Executive Officer (CEO), you will oversee (1) the controllership function within the NTI Group of Companies, ensuring that financial data is accurate and timely; (2) the treasury function, which includes cash management, investments and borrowing: and (3) financial strategy, planning and forecasting.

As NTI’s new Chief Financial Officer (CFO), you will provide leadership with respect to the development of both long- and short-term financial goals, plan, organize, direct, and control the management of all NTI-Controlled Companies’ finances, as well as develop and implement financial policies and procedures in accordance with generally accepted accounting principles for the appropriate type of organization (i.e., Not for Profit, Charity, Trust, etc.).

This is a sizable mandate that will see you participate in the preparation and management of an annual operating budget and consolidated funding request from Nunavut Trust for approximately $72M (NTI, 3 Regional Inuit Associations and Inuit Heritage Trust), $1M (Nunavut Harvesters Support Program Inc), $15M (Makigiaqta Inuit Training Corp), $1.2M (Nunavut Elders Pension Trust), $1.2 M (Nunavut Elders Supplemental Trust), and $1.5M (Nunavut Tunngavik Foundation) – a grand total of $87M annually.

As CFO, you will ensure that NTI Group of Companies revenues and assets are maximized to the benefit of the organization, monitor expenditures to ensure that spending complies with policies and provides value for money, and ensure that all financial policies and procedures are up to date. You will also work to ensure that the NTI Group of Companies meets its financial obligations, work closely with other Inuit organizations that have a financial relationship with NTI’s Group of Companies, represent the organizations publicly, and provide advice and make recommendations to the CEO and NTI senior management.

Required Skill / Experience

You are a collaborative leader and a skilled negotiator, with a Chartered Professional Accounting designation (CPA, CA, CMA, CGA) in good standing, and a thorough knowledge of NTI’s structure and operations, its system of Corporate Governance, its Mission Statement, and the Board policies. You bring a strong knowledge of the Nunavut Agreement, and a good understanding of Not-for-profit accounting standards (GAAP) as well as Charities and Trusts statutory requirements and, above all, demonstrate sensitivity to Inuit issues.

Calm under stress and comfortable operating in a politically sensitive and a cross-cultural environment, you are adept at managing staff, dealing simultaneously with multiple files, and working with demanding deadlines, and experienced in developing and managing budgets. A strong presenter, with good analytic and effective writing skills, recognized for your networking abilities, you are familiar with government processes and have direct northern experience in dealing with governments.

While proficiency in the spoken and written Inukitut/Innuinaqtun language is desirable, a willingness to learn is a must. This position will require frequent travel in northern and southern Canada.

Preference will be given to Inuit enrolled under the Nunavut Agreement.

The starting base salary is commensurate with experience and NTI offers a comprehensive benefit package, including an employee pension plan, group insurance and vacation travel assistance.

Employee Housing is available for this position. NTI provides a variety of housing supports to employees, including down payment assistance and a housing allowance of $27,600.

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