Finance Director

4 weeks ago

Newark, United States Newark Community Street Team Inc Full time

Job Description

Job Description

Under the direct supervision of the CFO, the Finance Director oversees and directs the accounting, budgeting, financial auditing, and reporting for the program. The Finance Director recommends and implements accounting and financial systems to meet contract compliance requirements and serves as financial advisor to the executive management team as they relate to financial aspects of the program. This position reports directly to the CFO and is onsite.

Training Period: You'll be expected to train onsite for the first 90 days of employment. Responsibilities will include but may not be limited to:

● Assists with program's fiscal operations, as assigned, including all program liabilities and submission of all financially related reports ● Assists with all matters concerning internal control and budgets ● Executes accounting operations as assigned ● Assists in the preparation of budgets and grant applications, including, but not limited to the preparation of budget line item spreadsheets, at the request of the CFO ● Confers with the CFO and other involved administrative staff in the preparation of financial and activity reports and budgets, including, but not limited to reports to funding sources and the Board of Directors ● Serves as a liaison to all funding sources and independent auditors to ensure compliance with funding source rules and regulations, compliance with applicable laws, and maintaining appropriate program cash flow ● Assists the CFO in budget management and control ● Maintains, compiles, and collates all fiscal, budgetary, and monetary data relevant to audits to be performed and prepares monthly bank reconciliation on all program bank accounts ● Assists with preparation and maintenance of complete and accurate cash receipts and cash disbursement records ● Prepares general journal entries and maintains a posted general ledger, as assigned ● Maintains accurate budget records ● In conjunction with the CFO, monitors consistency between contract budget and actual expenditures ● Assists CFO with calculating and monitoring Administrative Costs to ensure compliance. ● Maintains the program's ledger analysis and conducts trial balances, as assigned ● Maintains documentation of all assigned contracts ● In coordination with the CFO, maintains purchasing and procurement systems, and maintains records of procurement ● Prepares detailed reports on the company’s financial performance ● Reconciles monthly bank statements and credit card accounts ● Allocates grant funds to payroll accounts and other allowable expenditures ● Develops budgets that meet the requirements of the Executive Director ● Recognizes patterns in company spending, revenue, and recommends solutions to any problem areas ● Create usable budgets for the business, including evaluating the needs of each department ● Create MOUs for grants ● Performs other duties, as requested

Skills and Qualifications: ● Financial analytical ability ● Ability to relate fiscal information to programmatic needs ● Ability to communicate fiscal concepts and requirements to non-fiscal staff; ● Ability to understand and apply funding source standards, policies, procedures, and program requirements. ● Ability to actively and constructively engage in the program's management team. ● Ability to work with minimal supervision. ● Successful experience working in a team setting. ● Strong written and oral communication skills. ● Ability to sit for long periods, looking at numbers on paper and/or a computer screen.

Education: ● Bachelor or Masters Degree in Business Management or a related field; accounting and bookkeeping classes required.

Experience: ● Preferred 5 years experience, minimum three years experience in accounting, bookkeeping, computerized fiscal systems. Demonstrated knowledge of and ability in skills required and cited for the position of Finance Director, i.e., governmental accounting procedures and practices and fund management

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