The Chief Financial Officer is a multidimensional leadership-level role, bridging the gap between executives and the management team. The Chief Financial Officer (CFO), reports to the Executive Director, will be responsible to deal in documents and records related to income and expenditure, salary and payroll, cash flow, budgets, cost control, bookkeeping and execute approval procedures. In the banking sector, the broad duties may include developing and incorporating significant procedures with respect to finances, billing, auditing, accounting and reporting.
The CFO makes sure the accounting systems are suitable for auditing standards. Work with the administration department to provide the best services in a prescribed budget.
Keeping the company's overall targets in mind, develops and implements departmental goals. The CFO oversees tax formalities with the appropriate authorities, has oversight of all finance, accounting and reporting activities and involved in supporting presentations to the Board of Directors and the executive leadership team.
The CFO must be a trusted partner and strategic business thinker, problem solver and decision maker, a communicator and active listener, organized and results oriented, who has integrity and technical expertise. They must demonstrate skills and competencies that include, but are not limited to: strategy, organizational knowledge and development, talent development and management, leadership development, conflict management, and a mission focus. They will operate as a key strategic partner to drive organization vision, fiscal viability, culture and values.
The Chief Financial Officer will:
Analyze and plan the budgets for each department.
Ensure all of the company's financial activities comply with the law.
Monitor cash flow and financial transactions.
Set up and lead finance teams.
Present quarterly and annual reports to board of directors.
Assess the company's spending and implementing strategies to cut costs.
Forecast financial trends based on data analysis.
Develop and Implement internal audit programs.
Plan, develop, organize, implement, direct and evaluate the organizations fiscal function and performance.
Participate in the development of the corporations plans and programs as a strategic partner.
Evaluate and advise on the impact of long range planning, introduction of new programs/strategies and regulatory action.
Develop credibility for the finance group by providing timely and accurate analysis of budgets, financial reports and financial trends in order to assist the Executive Director, the Board and other senior executives in performing their responsibilities.
Enhance and/or develop, implement and enforce policies and procedures of the organization by way of systems that will improve the overall operation and effectiveness of the corporation.
Continual improvement of the budgeting process through education of department managers on financial issues impacting department budgets.
Provide strategic financial input and leadership on decision making issues affecting the organization; i.e. evaluation of potential alliances acquisitions and/or mergers and pension funds and investments.
Optimize the handling of bank and deposit relationships and initiate appropriate strategies to enhance cash position.
Develop a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs.
Be an advisor from the financial perspective on any contracts into which the agency may enter.
Prepare quarterly reports, revenue and expense analysis to present to the leadership team; inclusive of completing the CFR.
Supervise other members of the Finance Department.
Salary commensurates with experience and education.
MBA and CPA preferred, Bachelors Degree in Accounting, Finance or Business is required.
5+ years of accounting/finance leadership experience.
Knowledge of OPWDD regulations, CFR and Non-Profit Management preferred.
Knowledge of the Fund EZ system preferred.
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