Financial Director

3 days ago

Bala Cynwyd, United States Belmont Charter Network Careers Full time
Job Title: Director of Finance

Belmont Charter Network Careers is seeking a highly skilled and experienced Director of Finance to join our team. As a key member of our leadership team, you will play a crucial role in ensuring the financial health, sustainability, and growth of our organization.

Job Summary:

The Director of Finance will be responsible for overseeing all financial operations, managing budgets, providing strategic financial insights, and ensuring compliance with financial regulations. This is a 12-month position that is supervised by the Chief Operating Officer.

Key Responsibilities:
  • Financial Strategy:
    • Develop and execute financial strategies aligned with the BCN's mission and goals, contributing to the long-term sustainability and growth of the network.
    • Conduct financial analyses, identify trends, risks, and opportunities, and provide actionable insights to support strategic decision-making.
  • Budget Planning & Financial Reporting:
    • Lead the annual budgeting process, working collaboratively with heads of schools, department budget owners, the COO and CEO to create accurate and comprehensive budgets that support effective resource allocation.
    • Prepare and present accurate and timely financial reports and analyses to the leadership team, heads of school, department budget owners, and the board of directors to facilitate informed decision-making.
  • Financial Operations:
    • Oversee day-to-day financial operations, including accounts payable, accounts receivable, grant management and procurement, ensuring efficiency, accuracy, and adherence to best practices.
    • Monitor cash flow, manage liquidity, and forecast financial needs to ensure the availability of funds for operational requirements and strategic initiatives.
  • Financial Compliance:
    • Establish and maintain robust internal controls to safeguard financial assets, prevent fraud, and maintain the integrity of financial transactions.
    • Coordinate and manage the annual audit process, collaborating with external auditors and ensuring compliance with accounting standards, regulatory requirements, and internal policies.
    • Collaborate with the COO, Chief of Staff, and department budget owners utilizing grant funding to manage grant finances, track funding sources, and ensure compliance with grant requirements.
  • Team Leadership:
    • Lead and manage the third-party accounting team, providing clear direction, guidance, and mentorship to ensure the successful execution of finance operations and initiatives.
    • Foster a collaborative and innovative work environment that encourages continuous learning and professional growth.
  • Stakeholder Communication:
    • Communicate regularly with heads of school, department budget owners, and other stakeholders to provide updates on BCN's financial position.
    • Provide financial expertise and contribute to the overall strategic direction of the organization.

Additional Responsibilities:

  • Work cooperatively with other departments in responding to schools' requests for finance-related needs.
  • Serve as a member of the Central Operations Team.
  • Perform all duties within the parameters of federal, state, local laws and regulations and BCN policies and procedures, including federal procurement and internal purchasing policies.
  • Other duties as assigned by supervisor.

Requirements:

  • Proficiency in financial management software, accounting systems, and advanced proficiency in Microsoft Excel.
  • Excellent analytical, problem-solving, and decision-making skills.
  • Exceptional communication and interpersonal abilities, with the capacity to explain financial concepts to non-financial stakeholders.
  • High level of integrity, ethical standards, and a commitment to transparency.
  • Ability to thrive in a fast-paced, dynamic, and collaborative environment.
  • Strong organizational skills, attention to detail, and the ability to meet deadlines.

Qualifications:

  • Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
  • Minimum of 3 years of financial leadership experience, with a demonstrated track record of successfully managing financial operations in a complex environment.
  • Experience within the education sector, particularly charter schools or non-profit organization.
  • Strong understanding of financial principles, accounting standards, and regulatory compliance.

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