Finance, Audit, and Risk Committee Member

About MCIS:
MCIS Language Solutions is a not-for-profit organization advocating for language access as a human right. We facilitate access to critical information and services by recruiting, training, and assigning language professionals. Using an innovative social enterprise model, MCIS provides services in over two hundred languages to more than 1,000 agencies, including Domestic Violence Court programs, Children’s Aid Societies, Public Health Centres, Legal Clinics, and Police Services in Ontario. MCIS reinvests its revenue into activism, free products and services, and industry innovation.
As the largest not-for-profit language service provider in North America, joining MCIS’ Finance Committee offers a unique opportunity to contribute to the development of a finance strategy aimed at maximizing social benefit.

 

The challenges you will help solve:
MCIS Finance Committee is looking for talented and enthusiastic professionals to join our Board Committees and contribute to our organization by assisting our Board of Directors and Management team in operationalizing its strategic goals.

 

A Committee Member is a subject matter expert who is well informed about MCIS’ overall operations and the relevant Committee’s role and activities. While Committees operationalize the Board’s strategic objectives, they may offer the Executive Director support and counsel on day-to-day financial matters. Committee Members serve in an advisory capacity to the Board.

 

We are looking for individuals who have expertise working in any or all of the following areas:

 

 Finance Financial Strategy and Planning Audit and Risk Management Legal/Regulatory Compliance Corporate Governance Financial Technology Mergers and Acquisitions MCIS is a highly diverse organization serving language-minority populations that are disproportionately racialized and which face numerous other intersectional marginalizations. We welcome applications from all interested and qualified candidates as we strive for increased diversity and representation on our Board and Committees.

 

Please submit a cover letter and resume to:
Chair, Finance Committee
MCIS Language Solutions
c/o boardrecruitment@mcis.on.ca

 

 

 

 

 

 

 

Position: Committee Member, MCIS Finance Committee
Location: Remote
Commitment: Part-time, Volunteer

 

Position Overview:
MCIS Finance Committee is looking for talented and enthusiastic professionals to join our Board Committees and contribute to our organization by assisting our Board of Directors and Management team to operationalize its strategic financial goals.

 

Duties:
A Committee Member is a subject matter expert well-informed about MCIS’ operations and the Committee’s role and activities. While Committees operationalize the Board’s strategic objectives, they may also support and counsel both the Executive Director and Director of Finance on day-to-day financial matters.

 

The Committee has the responsibility to:

 

Operate within its terms of reference. Serve in an advisory capacity to the Board. Set the Committee’s goals and objectives and assist the Executive Director and staff in developing the financial operational plan. Ensure that recommendations made to the Board of Directors are empirically sound and consider all relevant financial factors. Individual Committee Members have a responsibility to:

 

Work on tasks that fulfill the strategic objectives of the Board for the specific committee. Participate in a process that advises the Board on decisions related to the Committee’s financial expertise. Take on time-limited projects that assist Management in fulfilling its financial operational objectives. Be informed about the organization’s mission, services, policies, and programs. Keep up to date with developments in the organization’s field by seeking input from internal and external stakeholders. Adhere to all relevant MCIS policies, including conflict of interest and confidentiality policies. Assist the Board in fulfilling its fiduciary responsibilities related to the Committee’s duties. Attend all committee meetings, functions, and dedicated events such as the AGM, adhering to the Non-Director Attendance Policy. Review agenda, minutes, and supporting materials before committee meetings. Suggest nominees to the committees who can make significant contributions to the Board and the organization. Develop and maintain positive relations with Committee, Board, staff, and community members to enhance MCIS’s mission and promote its interests and well-being.  

 

 

 

Term:
Committee Members serve for 2-year terms, with the option for renewal in accordance with MCIS’ by-laws. Committee Members may leave at the end of the elected term or resign prior to it. Committee members may be invited to apply for Board positions during their term.

 

Qualifications & Skills:

 

Ability to listen, analyze, think clearly and creatively, and collaborate well with people individually and in groups. Willingness to prepare for and attend committee meetings, ask questions, take responsibility, and follow through on assignments, contribute resources generously according to circumstances, and open doors in the community. Ability to evaluate oneself and develop skills if not already possessed, such as learning more about the organization’s substantive financial and legal areas. Possess honesty, sensitivity to and tolerance of differing views, a friendly, responsive, and patient approach, community-building skills, personal integrity, a developed sense of values, and a sense of humor. Expertise in finance, including financial strategy and planning, audit and risk management, legal/regulatory compliance, and corporate governance. Skills in areas such as mergers and acquisitions or financial technology are considered an asset. Experience conducting business overseas, providing a global perspective. Expertise in nonprofit financial management, budgeting, and forecasting. Benefits of Being a Committee Member:

 

Opportunity to contribute to the welfare of the community. Enrich your understanding of issues or societal needs related to language accessibility. Utilize and showcase your skill set outside of your regular working environment, adding balance to paid work. Learn how a non-profit organization is governed. Expand your skill set and enjoy networking possibilities. Evaluation:
A Committee Member’s performance is evaluated annually by the Committee Chair and Vice-Chair based on the performance of assigned Committee requirements and duties.

 

Commitment to Diversity and Inclusion:
MCIS values diversity and inclusion in all aspects of its work. We are committed to creating an environment where diverse backgrounds and perspectives are not only respected but also celebrated. We welcome applications from all interested and qualified candidates as we strive for increased diversity and representation on our Board and Committees.

 

Application Process:
Please submit a cover letter and resume to: Chair, Finance Committee MCIS Language Solutions c/o boardrecruitment@mcis.on.ca

 

For more information about MCIS please visit mcislanguages.com

 

 

 

MCIS - SUMMARY OF EXPECTED TIME COMMITMENT FOR COMMITTEE MEMBERS

 

 

ACTIVITY

 

HOURS REQUIRED

 

Preparation, reading and research

1 hour per meeting

 

Committee Meetings

Monthly 1-hour Virtual Meetings

 

Phone calls

 

As required

Annual General Meeting

 

4 hours per annum

Mentoring/Orientation Session

 

2.5 hours per annum

Special events/ Social Activities

 

6 hours per annum

Meeting with staff

 

As required

 

MONEY TOTAL

 

Parking and transportation

 

Paid for by Member

 

Special event attendance

Paid for by MCIS

 

Meals (meetings)

Paid for by MCIS