Vice President of Finance

City of Baltimore Development Corporation (BDC)

Position Title: Vice President of Finance

Reporting to: Executive Vice President & Chief Financial Officer

**IN-PERSON POSITION. NO REMOTE APPLICANTS PLEASE**

OPEN UNTIL FILLED

The Baltimore Development Corporation (BDC) is the economic development agency for the City of Baltimore. Our mission is to grow the city's economy in an inclusive manner by retaining, expanding, and attracting businesses and promoting investment, thereby increasing career opportunities for residents.

BDC is committed to a more equitable economy by supporting minority and women-owned businesses and promoting investment in neighborhoods that have been negatively impacted by institutional racism and/or generational poverty. We develop strategies and facilitate collaboration among our partners to intentionally create an inclusive and equitable economy.

POSITION OVERVIEW

The City of Baltimore Development Corporation (BDC) is seeking a Vice President of Finance to serve as the senior financial operations leader responsible for resolving critical financial management challenges while establishing sustainable financial systems that support Baltimore's transformation into a national model for economic empowerment of historically underserved communities. This position leads comprehensive financial operations including accounting, budgeting, financial reporting, and compliance management. Reporting to the Executive Vice President & Chief Financial Officer, this position provides direct oversight to accounting staff and coordinates with all divisions to ensure effective financial management and organizational fiscal health.

RESPONSIBILITIES

Financial Operations and Accounting

• Oversee daily accounting operations including accounts payable, accounts receivable, general ledger maintenance, and financial transaction processing
• Establish standardized processes for cross-departmental transaction communication to prevent risk and fragmentation
• Coordinate with external accounting firm currently on-site to prepare for proper audit
• Manage banking relationships, cash flow monitoring, and treasury operations

Technology and Systems Management

• Oversee implementation and management of financial management systems and accounting software including conversion to QuickBooks Online
• Ensure integration between financial systems and operational databases for comprehensive reporting
• Lead technology upgrades and system improvements to enhance efficiency and accuracy
• Coordinate with IT staff to ensure data security and system reliability for financial information
• Develop automated reporting capabilities and dashboard technologies
• Ensure backup systems and disaster recovery procedures for financial data

Staff Management and Development

• Provide direct supervision and management to accounting staff including Senior Accountant and staff accountants
• Lead recruitment and hiring of additional accounting and finance staff as organizational needs require
• Develop staff's professional development plans and ensure continuing education in accounting and finance best practices
• Establish performance management systems for finance team measuring both accuracy and efficiency
• Create cross-training programs ensuring continuity of financial operations
• Foster collaborative relationship between finance staff and other BDC divisions

KNOWLEDGE, SKILLS AND ABILITIES

• Strong knowledge of governmental accounting principles, nonprofit financial management, and economic development finance
• Experience with financial systems implementation, budget development, and financial reporting in complex organizations
• Cultural competency and understanding of financial management supporting inclusive economic development initiatives
• Strong leadership and staff management experience with ability to lead teams through organizational change

REQUIRED QUALIFICATIONS

• Minimum 10 years' experience in financial management, accounting, or related field with preference for economic development or nonprofit financial management
• Bachelor's degree in Accounting, Finance, Business Administration, or related field; CPA or advanced degree preferred
• Demonstrated experience in financial crisis resolution, audit coordination, and implementation of financial controls
• Understanding of federal, state, and local financial regulations and compliance requirements

OFFICE ENVIRONMENT REQUIREMENTS

• Workplace Setting: The position requires presence in an office setting, employees are scheduled to work a 7.5-hour workday Monday through Friday, providing a total of 37.5 hours per work week. The BDC 7.5-hour workday plus one hour for lunch, begins between 7:00 am – 9:00 am and ends between 3:30 pm – 5:30 pm. Flexibility for occasional extended hours or weekend work may be required.
• Equipment Use: Proficiency in using standard office equipment such as computers, printers, copiers, and telecommunication devices is essential
• Rare evening and weekend work for special events and Board meetings
• Some travel within Baltimore metropolitan area for community events and stakeholder meetings
• BDC's offices are located at 36 S. Charles on the 21st & 20th floors and are accessed via elevators and emergency stairs.

PHYSICAL REQUIREMENTS

• Mobility: The position requires the ability to sit for extended periods, stand, and walk, including occasionally moving between different locations within the office and offsite.
• Manual Dexterity: Must be able to use hands and fingers to operate office equipment, handle documents, and perform data entry.
• Lifting: Occasionally required to lift and move objects weighing up to 20 pounds.
• Vision and Hearing: Adequate vision and hearing are necessary for reading documents, using a computer, and communicating with others in person and via telecommunication devices.

DRESS CODE

• Professional Attire: The candidate is expected to adhere to a professional dress code that reflects the organization's standards and presents a neat, clean, and business-like appearance.
• Meetings and Events: For meetings with public officials, community leaders, or external partners, formal business attire may be required.
• Casual Days: On designated casual days, business casual attire is acceptable, provided it maintains a professional and respectful appearance.

SALARY AND BENEFITS

This is a salaried, benefited, at-will position, and work is performed as required to complete project priorities and may require extended hours beyond a conventional work week, including evening meetings.

Salary will be commensurate with experience and qualifications. BDC also offers a full package of benefits including paid sick, personal, and vacation leave; subsidized medical/dental with Health Savings Account; 403(b) retirement with employer matching; parking/transit subsidy; mobile phone reimbursement; and other benefits.

The starting salary range for the Vice President of Finance is $125,000 - $150,000, commensurate with experience.

APPLICATION AND SELECTION PROCESS

Candidates should submit a cover letter and resume via email to via email to Shantel McLaughlin at , subject line of the email to indicate "VP_Finance".

Candidates can also learn about us by visiting our website at and No Phone Calls Please. Only applicants scheduled for interviews will be contacted.

EQUAL OPPORTUNITY EMPLOYMENT

BDC is an Equal Opportunity Employer committed to a more equitable economy through employment, supporting minority and women-owned businesses and promoting investment in neighborhoods that have been negatively impacted by institutional racism and/or generational poverty. We develop strategies and facilitate collaboration among our partners to intentionally create an inclusive and equitable economy.

BDC does not and shall not discriminate based on race, color, religion (creed), gender, gender expression, age, national origin (ancestry), disability, marital status, sexual orientation, or military status, in any of its activities or operations.

Job Type: Full-time

Pay: $125, $150,000.00 per year

Benefits:

• Dental insurance
• Employee assistance program
• Health insurance
• Health savings account
• Paid time off
• Retirement plan
• Tuition reimbursement
• Vision insurance

People with a criminal record are encouraged to apply

Work Location: In person