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Vice President Finance
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Director of Finance
3 months ago
- Providestrategic financial leadership to the organization, working closely with the ChiefExecutive Officer and Board of Directors.
- Develop andimplement financial policies, procedures, and internal controls to ensure theorganization's financial integrity.
2. Budgeting andForecasting:
- Lead the annualbudgeting process, collaborating with department heads to develop realistic andcomprehensive budgets based on sound financial planning.
- Monitor andanalyze financial performance against budgets, providing regular reports (monthly,quarterly, and annually) and variance analysis to the leadership team.
- Prepare accurateand timely financial statements, including income statements, balance sheets,and cash flow statements.
- Presentfinancial reports to the Board of Directors and Committees ensuringtransparency and effective communication of financial information.
4. Accounts Payable:
- Oversee the accounts payable function,ensuring accurate and timely processing of invoices and payments.
- Maintain strong vendor relationships andnegotiate favorable terms when applicable.
5. Compliance:
- Ensure compliance with all relevantaccounting standards, regulatory requirements, and grant restrictions.
- Oversee the preparation of tax filings,including Form 990, and coordinate with external auditors for annual audits.
6. Cash Management:
- Manage cash flow to ensure theorganization's ability to meet its operational needs.
- Develop sound and prudent investmentpolicy
- Develop and implement investmentstrategies to maximize returns on surplus funds in accordance to Board approvedinvestment policies
7. Grant and ContractManagement:
- Work closely with program managers tooversee financial aspects of grants and contracts.
- Ensure compliance with grant requirementsand reporting.
- Identify and assess financial risks,proposing strategies to mitigate these risks.
- Implement effective internal controls tosafeguard the organization's assets.
Education/Experience/Credentials
- Bachelor's degree inAccounting, Finance, or related field (Master's degree preferred).
- CPA, preferred, orrelevant professional certification.
- Proven experience innon-profit financial management, with a minimum of 3 years of progressivelyresponsible experience.
- Strong knowledge ofaccounting principles, financial reporting, and compliance requirements fornon-profit organizations.
- Experience in accountspayable processes and management.
- Experience in grantmanagement and reporting.
- Excellent analytical,problem-solving, and decision-making skills.
- Effective communicationand interpersonal skills for engaging with staff, Board members, and externalstakeholders.
- Proficiency in financialsoftware and Microsoft Office Suite.
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