Strategic Financial Leader
2 days ago
The Associated: Jewish Community Federation of Baltimore and its Agencies is seeking a seasoned Strategic Financial Leader to oversee all financial reporting, budgeting, forecasting, financial analysis, and compliance requirements for The Associated network. The successful candidate will work closely with the President & CEO, along with The Associated and Associated Jewish Charities Boards, Audit & Finance Committees, and agency partners to develop and implement financial strategies that support the organization's mission and goals.
Role OverviewThis highly respected professional will be responsible for maintaining the integrity of the overall financial process and results for The Associated and broader system at large, as well as managing the Investment Oversight and Management Committees. The Strategic Financial Leader will ensure that investments of nearly $1 billion are managed in the most effective and efficient manner, meeting stakeholder expectations and custom benchmarks established.
The CFO will oversee the annual operating and capital budgets as well as the annual audit, ensuring that all financial goals are met. This role also ensures compliance with all covenants and terms of various agreements, whether grant or debt agreements. Additionally, this position is involved in business operations such as risk management, real estate and government grants as needed.
The Strategic Financial Leader oversees a team of 25 full-time employees and will supervise 3 direct reports.
Key Responsibilities:
- Adheres to established and updated financial and operational policies and procedures ensuring a strong system for internal controls. Provides proper and timely payroll, payables, and billing processes.
- Manage the system's assets, primarily investments and real estate to ensure that its value is maintained to the utmost extent possible.
- Oversees the investments of almost $1 billion managed for various stakeholders and meeting if not exceeding the custom benchmarks established. Ensure open communications and transparency of investment actions with the stakeholders.
- Ensure that The Associated is fiscally solvent through proper operational controls, budgeting and effective implementation thereof including successful audits.
- Prepares and oversees the annual operating and capital budget processes. Provides actual quarterly financial statements that is compared to budgeted to ensure that financial plan is on track.
- Oversees the annual audit process, ensuring a 'clean' opinion on financials presented. Also, that there are minimal if not zero material weaknesses in internal controls as defined by the external auditors.
- Collaborate with various departments, particularly Community Planning and Allocations and the Development departments to monitor and strategize fiscal goals.
- Manage and partner with the Finance Committee, Audit Committee, and various other agency stakeholders to ensure collaboration and consensus building with agencies, lay and professional leadership.
- Optimize the capital structure of The Associated's balance sheet including use of leverage, investments, and cash management.
- Reviews cash flows to minimize borrowings and interest costs and to maximize interest income which involves collections of pledges, and value engineering of various vendor and other relationships.
- CPA or MBA degree required.
- Fifteen or more years work-related and supervisory experience, with at least six years' experience working with a not-for-profit organization.
- Broad and comprehensive knowledge of theories, concepts, and practice with the ability to use in complex and/or unprecedented situations.
- Knowledge of Sage platforms preferred.
Salary Range: Starting range begins at $225,000 annually. Experience will impact final applicable range for this position.
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