Vice President of Financial Operations

2 weeks ago

Bloomfield Twp, United States Jewish Family Service of Metropolitan Detroit Full time

Position Overview


In this pivotal role, the Vice President of Financial Operations will report directly to the Chief Executive Officer and will be tasked with overseeing the financial management of Jewish Family Service of Metropolitan Detroit.

The VP will collaborate closely with the CEO, the Board of Directors, and the Finance and Audit Committees, along with the Leadership Team, to formulate and execute financial strategies that promote the fiscal health and expansion of the organization.

The VP will lead a team of proficient financial experts.

Key Responsibilities

Financial Management & Strategy:

Direct the daily financial operations of the organization, including the planning, execution, management, and oversight of all financial activities.

Formulate financial strategies, practices, and initiatives that align with the organization's mission and support its sustainability and growth.

Budgeting & Financial Forecasting:
Create, manage, and revise annual budgets and forecasts for the organization and its various departments.

Cash Flow Oversight:
Ensure effective cash flow management to maintain the organization's financial stability and meet its obligations.

Financial Reporting:


Guarantee the accuracy and completeness of financial records, including the general ledger, accounts payable and receivable, payroll, billing, and organizational debt, along with other financial systems.


Supervise the preparation and presentation of timely and accurate financial reports for both internal and external stakeholders, including the Board of Directors, leadership, and regulatory agencies.


Audit Coordination:

Collaborate with the Finance Team to ensure the provision of timely and accurate financial information for annual audits and maintain the relationship with the auditing firm.


Risk Assessment:
Identify financial risks to the organization and devise strategies to mitigate them, working in partnership with relevant stakeholders.

Board Liaison:


Support the board's audit and finance committees by providing insights and accurate reporting in all areas of the organization as requested, ensuring that other committees have the necessary financial information.


Engage with all sponsored committees and personnel in finance-related matters, including insurance and retirement plans.


Leadership Collaboration:
Work in tandem with the CEO and other executives to manage the organization effectively, executing the strategic plan and addressing agency-wide matters.

Financial Spokesperson:
Serve as the spokesperson for all finance-related matters, both internally and externally.

Team Leadership:
Guide, oversee, and support the finance department.

Community Engagement:
Participate annually in agency and partner-related philanthropic initiatives and campaigns.

Commitment to Mission:
Embody the mission and values of Jewish Family Service in all professional endeavors, utilizing key strategies to ensure success in this role.

Additional Responsibilities:
Perform other duties as assigned by management.

Qualifications and Expertise

Experience: A minimum of 10 years in a financial leadership capacity, preferably within the non-profit sector.

Education: A Master's degree in business administration, finance, or accounting is preferred. A Bachelor's degree in accounting, finance, or a related field from an accredited institution is required. CPA designation is preferred but not mandatory.

Knowledge: Comprehensive understanding of generally accepted accounting principles (GAAP), particularly as they pertain to non-profits.

Extensive knowledge of accounting processes and procedures, including experience with computerized accounting systems.

Ability to think strategically while also being detail-oriented to ensure accuracy and interpret data effectively.

Strong organizational skills and a keen attention to detail.

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