Chief Financial Officer/Chief Operating Officer
4 weeks ago
Key Responsibilities
617MediaGroup needs a leader who can create and guide financial and operational systems in ways that keep our agency positioned for success.
- Take responsibility (either directly or via staff) for all cash management, insurance, budgeting, and financial reporting, and to help drive the agency's financial and operational strategies.
- Ensure cash flow is compatible with operations by overseeing day-to-day accounting, recording, reporting, and internal-control activities of the organization
- Develop and implement best practices and tools to ensure a well-controlled yet flexible organization that has strong fiscal management, project coordination, cross-team communications, and workflow operations.
- Comply with national and local financial and regulatory requirements by studying existing and new legislation and taking appropriate action.
- Work with senior managers to efficiently develop budget proposals, provide reliable and scheduled access to project and team finance information, and to ensure strong operational contract compliance and reporting.
- Research revenue opportunities, analyze internal operations, and identify areas for cost reduction and process enhancement.
- Perform risk management through analysis of company liabilities and investments, and evaluate and manage capital structure and fundraising initiatives.
- Oversee personnel related financial operations by coordinating with external service providers (ex: payroll, benefits, tax preparation).
- Monitor agency performance with tracking tools, establish corrective measures as needed, and prepare detailed reports for the management team, and rest of the agency.
- Manage finance personnel and oversee financial related tech systems, ensuring compliance with relevant regulatory entities (ex: Financial Accounting Standards Board, Internal Revenue Service, state attorneys general).
- Prepare and maintain the annual, quarterly and monthly operating budgets, in collaboration with relevant departments and leadership.
- Provide monthly P&Ls to leadership with analysis of variance vs budget.
- Oversee all agency capital, financial, and utilization resources in conjunction with relevant teams
- Standardize charts of accounts to provide consistent reporting and enhanced ability to identify underlying drivers of performance versus budget.
- Identify cost savings opportunities across organization on an ongoing basis; present recommendations to agency leadership
- Provide regular financial updates (operating results, cash flow, and financial condition) to agency leadership and to third parties as required by covenants and regulations
- Provide clear, concise, relevant and timely information to agency leadership
- Develop standard operating procedures and reporting for all overhead departments, and collaborate with agency leadership on operating procedures for non-overhead departments, to ensure the optimal use of resources.
- Improve cross departmental collaboration through improved data analytics and reporting and clear communication.
- Partner with senior leadership staff in the strategic planning process.
- Manage auxiliary financials for related entities overseen by the agency or that the agency is contracted to oversee
- Analyze and provide recommendations on revenue activities,, balancing strategic objectives and financial considerations.
- Establish a strong, scheduled cadence/rhythm of business for all overhead activit.
- Develop ad hoc reports as necessary.
- Manage key personnel related assets and liabilities (payroll benefits, retirement plans, etc.)
- Act as primary contact to outside accountants, auditors, tax preparers, IRS, and banking partners for all reporting and the annual audited financials.
- Manage all overhead staff not otherwise assigned and oversee all vendor and non-client third party contracting relationships.
- Build the infrastructure to manage revenue capture, prevent fraud, ensure accuracy, and prevent leakage
- Create and implement a collections process
- Create and implement a thorough and detailed reimbursement policy, and ensure relevant costs are billed appropriately, while ensuring that time tracking software accurately reflects current billable projects.
- Have a firm accounting of all recurring expenses and proactively manage their review while administering proactive cost-savings effort.
Requirements and Qualifications
The ideal candidate will be a detail-oriented professional with strategic vision. The CFO/COO will be a collaborative, consensus building team player who can drive organizational excellence. The CFO/COO will be adept at managing a variety of complex tasks in a timely manner.
- Excellent leadership skills, with steadfast resolve and personal integrity.
- Exceptional verbal, written, and visual communication skills.
- At least ten years of experience in a senior financial role at a multi-departmental employer/entity and at least two years of experience holding the title of CFO, CSO and/or COO in a full-time capacity.
- Bachelor's degree or equivalent training in a related field.
- Ability to generate and maintain complex financial spreadsheets and systems in QuickBooks, excel, and google sheets.
- Ability to generate timely P&L, Cash Flow Statements, Balance Sheets.
- Ability to work seamlessly with a variety of teams ranging from overhead to creative and client services.
- A commitment to social justice causes and workers' rights.
- Excellent judgment and decision making.
- Understanding of advanced accounting, regulatory issues, and tax planning.
- Working knowledge of how to secure financial infusions outside traditional lines of credit.
- Collaborative "can-do" approach to problems and interpersonal relationships.
- Must have reliable, insured personal automobile and Massachusetts driver's license.
- Must have a current passport in case travel to international locations is required.
- Must reside within 60 minutes or otherwise reasonable commuting distance to the agency's Route 128 and Boston offices, and willing to work on-site.
- Some out-of-state and international work travel will be required.
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