Northern Community Investment Corporation
Position Title: Chief Financial Officer
Reporting To: The President
The Chief Financial Officer (CFO) provides both operational and programmatic support to the organization. The CFO directs and manages all aspects of finance and accounting functions while being the chief financial spokesperson for the organization. The CFO reports directly to the President and assists in strategic and tactical matters, with special emphasis on budget management, cost benefit analysis, forecasting needs and the securing of new funding.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Mission – Assist in performing all tasks necessary to achieve the organization’s mission and help execute staff succession and growth plans.
- Vision – Work with the President on the strategic vision including fostering and cultivating stakeholder relationships as well as assisting in the development and negotiation of contracts.
- Program Opportunities – Participate in developing new business, specifically: assist the President and VP Economic Development identify new funding opportunities, evaluate the impact of programs (new or existing) on the company, the drafting of prospective programmatic budgets, and determining cost effectiveness of prospective service delivery.
- Program Evaluation – Assess the benefits of all prospective contracts, programs and projects and advise on programmatic design, implementation and operation. Manage continuous evaluation of short and long term financial objectives. Advise management on financial implications of business activities.
- Other – Is responsible for other projects or responsibilities as may be assigned by the President.
Financial and Operational
- Budgeting and Cash Flow Management – Develop, implement and monitor organization and its contract/grant budgets. Ensure appropriate financial coverage for all staff positions. Provide analysis and conclusions to the President on a quarterly basis.
- Compliance – Work with management to ensure programmatic success through cost analysis support, and compliance with all contractual and programmatic requirements. This includes: 1) interpreting legislative and programmatic rules and regulations to ensure compliance with all federal, state, local and contractual guidelines, 2) ensuring that all government regulations and requirements are disseminated to appropriate personnel, and 3) monitoring compliance.
- Reporting – Generate timely and accurate financial reporting for funding agencies, the board of directors/corporate resources committee, executive management, and pension plan requirements.
- Analysis – Provide timely and accurate analysis of the programs and organization to executive management.
- Training – Train the finance team and other staff on raising awareness and knowledge of financial management matters.
- Internal Controls - Develop and maintain systems of internal controls to safeguard financial assets of the organization and oversee federal awards and programs and ensure compliance with regulatory requirements.
- Financial Audits – Oversee the coordination and activities of independent auditors ensuring clean audits, issues are resolved appropriately and the preparation of the annual financial statements is in accordance with U.S. GAAP and federal, state and other required supplementary schedules and information.
- Meetings – Attend Board and Subcommittee meetings; including being the lead staff on the Audit/Corporate Resources Committee.
- Cash Flow/Banking – Manage cash flow to meet the organization’s needs. Monitor banking activities of the organization and optimize earnings from the organization’s accounts.
- Retirement Plan – Coordinate and activities of 403(b) compliance and that staff is supported while having ongoing, adequate and quality communications.
- Employee Benefits – Investigate cost-effective benefit plans and other fringe benefits which the organization may offer employees and potential employees with the goal of attracting and retaining qualified individuals. Evaluate and oversee benefit negotiations. Oversee healthcare coverage analysis.
- Payroll – Assist in the design, implementation, and timely calculations and comparable evaluations of salaries for the staff. Oversee payroll activity.
- Department Oversight – Oversee, analyze and regularly report on accounts payable, purchasing and accounts receivable.
- Information Technology – Ensure a disaster recovery plan is in place. Ensure IT systems are meeting the needs of the organization and work with the team to develop an annual IT plan for improvements.
- Insurance – Manage, analyze and regularly report on business insurance plans.
- Fixed Assets – Oversee the maintenance of the inventory of all fixed assets, including assets purchased with government funds (computers, etc.) assuring all are in accordance with federal regulations.
VALUED KNOWLEDGE, SKILLS, AND ABILITIES
- Not-for-profit accounting in accordance with U.S. Generally Accepted Accounting Principles, OMB Circulars A-133, A-110 and A-122 regulations and compliance requirements, and appropriate Code of Federal Regulations sections.
- Financial forecasting, analysis and reporting.
- Current trends, developments, and theories in job readiness training and adult education.
- Issues, concerns, and barriers of employees newly entering the workforce.
- Laws, regulations, and rules governing work requirements.
- Resources of public and private social service and related agencies.
- Organizational development, human resources, and program operations.
- General office software, particularly the Microsoft Office Suite and BlackBaud Financial Edge software (or other similar not-for-profit general ledger software) and use of databases.
- Foster and cultivate business opportunities and partnerships.
- Create and assess financial statements and budget documents.
- Recognize and be responsive to the needs of all clients of the organization, including funding organizations, the Board of Directors, local community advocates, partners, and employers.
- Supervise staff, including regular progress reviews and plans for improvement.
- Communicate effectively in both written and verbal form.
EDUCATION AND EXPERIENCE
- Completion of a bachelor’s degree at an accredited college or university or equivalent work experience.
- Prefer completion of a master’s degree at an accredited college or university or equivalent work experience.
- Certified Public Accountant (CPA) preferred.
- Financial management with preference to a Chief Financial Officer level.
- Five or more years of financial experience and management experience with the day-to-day financial operations of a staffed organization.
Any equivalent combination of education and experience determined to
- Position Type: Administration
- Location: Caledonia County
- Employment Type/ Status: Full Time