Senior Vice President of Finance
2 weeks ago
Friendly House, Inc. is a non-profit organization dedicated to delivering a wide range of educational and social service programs aimed at supporting low-income individuals and families, as well as diverse communities. The organization also runs a charter school, fostering an academic atmosphere that encourages high expectations among students from various backgrounds. Established in 1920, Friendly House has a rich history of contributing to community resilience, economic growth, and neighborhood stabilization.
Position Overview
Reporting directly to the Chief Executive Officer, the Senior Vice President of Finance will oversee the Accounting Department and manage the organization's financial operations. This role involves monitoring cash flow, developing financial strategies based on projections, assessing financial strengths and weaknesses, and ensuring the overall financial health of the organization.
Candidate Profile
About You:
You have a proven track record in strategic financial management within a growing non-profit organization.
Essential Qualifications:
- Advanced degree in Finance or Economics.
- 8 to 10 years of experience in senior financial roles within the non-profit sector.
- Exceptional analytical, critical thinking, and problem-solving abilities.
- Strong verbal, organizational, and written communication skills.
- Proficiency in contemporary financial and accounting software.
- Excellent interpersonal skills for effective communication with colleagues and stakeholders.
- Experience in leading and supervising teams.
- Ability to strategize, solve problems, and make informed business decisions.
- Experience in budget development and financial planning.
- Strong leadership capabilities to inspire and motivate teams.
- Knowledge of GAAP, Non-Profit Accounting Standards, and Grant Management Compliance.
- Experience overseeing all facets of an organization's financial operations.
- Familiarity with Great Plains or similar accounting systems.
- Provide the CEO with comprehensive financial reporting and strategic guidance on economic matters.
- Assist the CEO during Board meetings regarding budgetary and financial topics.
- Participate in Finance Committee meetings, presenting financial statements and organizational budgets.
- Engage in Audit Committee meetings and address audit-related inquiries.
- Support the CEO in assisting the Board Treasurer with budgetary and financial matters as needed.
- Prepare financial statements, notes, cash flow analyses, and organizational budgets.
- Deliver timely and accurate monthly revenue and expense reports to the CEO and department heads.
- Oversee the preparation of budgets for grant proposals and ensure compliance with funding requirements.
- Assist in budget development, variance analysis, and compliance monitoring.
- Review payroll on a bi-weekly basis.
- Collaborate with department leaders to create and adjust program budgets based on performance.
- Maintain and implement internal policies and controls in line with GAAP and grant requirements.
- Engage in special accounting projects as necessary.
- Manage the accounting system and authorize changes to account structures with input from the Controller.
- Monitor bank and investment accounts, ensuring optimal cash management.
- Prepare annual cost allocation plans.
- Oversee the annual audit process, addressing discrepancies and preparing necessary reports.
- Work with insurance brokers to assess liability insurance needs and monitor policies.
- Support program staff with budgeting, contracts, invoicing, and financial reporting.
- Ensure compliance with regulations governing federal, state, and private funding.
- Update the Accounting Manual as needed to enhance internal fiscal controls.
- Engage in collaboration and education on accounting issues with organizational staff.
- Recommend improvements by interpreting accounting policies and regulations.
- Monitor compliance with fiscal internal requirements and federal regulations.
- Participate in various fiscal, operational, and management meetings.
- Maintain professional knowledge through continued education and training.
- Adhere to the ethical standards and regulations of the accounting profession.
- Perform additional duties as assigned by the CEO.
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