PRCC VP Finance, Capital Projects and Business Development
SummaryWithin the context of a person-centred model of care and, in accordance with the mission, vision, values, and strategic directions of Providence Residential and Community Care Services Society (PRCC), a Catholic-sponsored, faith-based, health care organization focused on long-term care, assisted living, housing and other community services to support seniors, their family members, and caregivers, the Vice-President, Finance, Capital Projects, & Business Development, promotes a safe, respectful, and civil environment for our seniors, their families, visitors, and for staff.
Reporting to the President & CEO, and as a member of the PRCC senior leadership team, the Vice President, Finance, Capital Projects & Business Development has a key role in the development of the corporate and financial infrastructure of PRCC. The Vice President provides executive oversight and leadership in the areas of financial management, planning, reporting, capital financing, risk management, and treasury management and is responsible for the overall asset and financial and project management for major growth, capital, and redevelopment projects for the Society and its operating entities. Provides executive leadership to Finance and other designated staff within the PRCC operating entities. Builds effective relationships and represents PRCC in interactions with organizations such as health authorities and other affiliate organizations, government ministries and agencies, community agencies, contract providers.
The Vice President is instrumental in supporting the organization’s transformation, redevelopment, and growth strategy for seniors care and other assigned services including the management of significant and complex partnerships, redevelopment projects, and change initiatives. During the start up and transition phases of the organization, a key role will include managing the relationship between PHC and PRCC as the long-term care assets are transferred and contracts negotiated with Vancouver Coastal Health (VCH).
SkillsStrong knowledge of legislation, regulatory, policy and procedure requirements in the long term care and social and market housing sectors.
Strong knowledge and understanding of financial and operational data and reporting requirements.
Solid knowledge and understanding of the construction and development sector including zoning, permitting, and construction processes.
Demonstrated capital project management and leadership skills for large, complex projects with multiple stakeholders.
Demonstrated ability to direct a variety of cyclical operational, budgeting and financial planning processes.
Strong business and financial planning acumen including the ability to prepare and review business case proposals.
Demonstrated ability to communicate, model, and inspire the mission, vision, and values throughout the organization and to integrate the mission, vision, and values and reliable, valid evidence, to make decisions.
Proven ability to communicate expectations related to business and financial outcomes and to measure and evaluate outcomes.
Holds self and others accountable for results achieved against benchmarks and corrects course as appropriate.
Demonstrated ability to communicate effectively, both verbally and in writing, with all levels of the organization and with external stakeholders.
Builds and maintains effective working relationships and partnerships with internal and external stakeholders based on mutual respect and trust.
Advanced skills in critical thinking, complex problem solving, planning, project management, change management and group processes.
Demonstrated ability to bring together and lead diverse groups in a collaborative manner.
Effective facilitation skills and the ability to motivate and influence leaders.
Results oriented with the ability to work under pressure, organize, prioritize and balance work.
Demonstrated political savvy and ability to convey a positive image of self and organization to government, funding agencies, staff, community, the public and partners.
Forward-thinking, scans the environment for ideas, best practices and emerging trends that will help to shape the organization.
Demonstrated ability to operate related equipment including related software applications.
EducationA level of education, training and experience equivalent to a Master’s Degree in Business Administration, Health Services Administration or other relevant discipline, professional accounting designation (CPA-CMA, CGA, CA) (and a recognized member in good standing with the appropriate association) and fifteen (15) years’ recent, related experience including significant experience in project management/capital development, preferably in a unionized environment, and an understanding of faith-based care delivery. Experience in health care industry is desirable. Experience in the social and/or market housing sectors would be an asset.
DutiesAdvises the President & CEO and Board on the financial matters of the Society including participating in strategy development with the Senior Leadership Team and setting financial goals and objectives. Develops and maintains financial planning and modeling tools to support the strategic planning process and assesses the economic and financial impact of major business decisions of the Society. Provides oversight for the preparation of annual operating budgets, cash flow budgets, capital budgets, year-end financial forecasts, and financial plans to ensure the organizational financial goals are effectively achieved.
Coordinates, recommends, negotiates, and obtains capital financing for the Society and prepares and seeks out capital financing strategies. Ensures that all Society capital borrowing requirements and obligations are carried out. Establishes and enforces authorized borrowing limits. Creates and monitors good credit standing with Society lenders.
Provides leadership, as part of the Senior Leadership Team, in strategic planning and new developments and opportunities including campus developments and market and social housing initiatives. As part of an RFP Team, leads the financial section of any RFP document submitted by the Society. Participates with the PRCC Senior Leadership Team in evaluating the feasibility of any Society response to an RFP. Leads due diligence research and evaluation of new acquisition opportunities.
Establishes guiding principles for capital projects and oversees clinical and facilities design and construction for all phases of the project(s) lifecycle within budget and schedules.
Leads (together with the President & CEO) the negotiation of purchase and sale agreements and all other legal agreements, leases, and operating agreements related to the acquisition, construction, and/or disposition of capital assets and property. Effectively manages the relationship between PHC and PRCC as the long-term care assets are transferred and contracts negotiated with Vancouver Coastal Health (VCH).
Builds a strong and capable team within the portfolio and provides leadership to staff by articulating a vision for the portfolio, guiding staff towards the vision, and creating and influencing a culture of living PRCC’s mission, vision, and values. Fosters a work atmosphere that stimulates and inspires those working in the organization to realize their maximum potential and achieve desired outcomes. Models exemplary practice and interpersonal relations.
Leads PRCC’s corporate and site-based finance and accounting teams by providing oversight of staff including partnering with HR in the selection, retention, development, discipline, and termination of staff; supervising and motivating to achieve individual, team and organizational goals; providing feedback through ongoing coaching and annual performance reviews; and ensuring staff have the core competencies and opportunities for professional development to succeed.
Develops long term master site plans for all development sites (including leased facilities) according to PRCC priorities.
Plans, develops, evaluates, and implements financial strategies for new growth initiatives of the Society. Projects Society prospects for future growth as related to new projects and expansion. Manages construction budgets and the financing process for construction and renovation projects.
Ensures that financial reporting accurately reflects the financial position of the Society. Ensures preparatory work is completed in advance of annual external audits including overseeing the annual external financial audit process for the Society and all related entities and monthly and annual preparation of financial statements and information. Presents and interprets financial reports to management and boards. Oversees the publication of year-end audited financial statements. Represents the Society’s staff to the Audit and Finance Committee of the Board.
Safeguards, protects, and provides stewardship over the assets of the Society. Designs and implements financial policies and procedures in order to maintain a financially strong and disciplined organization with appropriate internal controls. Reviews and monitors operating and capital expenditures. Ensures the safe and secure custody all financial and legal documents. Promotes financial discipline within the organization.
Creates positive, collaborative relationships with key partners such as the Ministry of Health, the Health Authorities, Providence Health Care, and other government agencies and contracted service providers.
Maintains positive external financial relationships with banks, investment managers, lenders, insurance companies, lawyers, etc.
Manages the treasury needs of the Society in keeping with sound financial management practices and within board approved guidelines. Serves on various financial committees, recommends investment policies, strategies and ensures compliance with the Society’s Statement of Investment Policies and Procedures.
Develops an overall corporate risk management strategic plan from legal, operating, and financial perspectives. Ensures the system of internal controls is adequate and appropriate, and ensures compliance. Periodically reports to management and boards regarding the assessment of the risk exposure of the Society and recommends appropriate risk management and insurance practices.
Researches and investigates matters of taxation relating to the Society’s status as a registered charity. Ensures the financial affairs of the Society are managed and conducted in compliance with taxation laws to ensure the Society maintains its charitable tax status.
Participates in negotiating operating agreements with funding agencies. Reviews and approves all material contracts to ensure the Society’s best interests are achieved with reasonable terms and conditions. Works with the Society legal counsel and the CEO to prepare lease and other legal agreements and contracts. Ensures compliance with the terms and conditions of all leases and contracts.
Oversees the information technology (IT) needs of the Society and recommends installation of information technology systems to the Senior Leadership Team and Board. Establishes annual IT operating and capital spending limits.
Provides oversight to designated corporate services areas which may include facilities/support services management and contracted service agreements.
Performs other related duties as required.
Employees of Providence Health Care receive an excellent and comprehensive health benefit package, as per their collective agreement or terms and conditions of employment.
*Other benefit packages may apply if this is an affiliate posting.
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