Chief Financial Officer
Berea, KY, USA | Non Profit Organization
Industry:Non-Profit / Social Enterprise
Functions:Accounting / Control
Job Description:56 people have viewed this job
MACED is looking for a highly motivated and experienced accounting and finance professional to join its staff as Chief Financial Officer. This person will coordinate and direct accounting, finance, risk management, enterprise development, and portfolio support functions in support of MACED’s mission and program work. The CFO will serve as a member of the management team, which shares responsibilities for organizational management, visioning, direction setting and problem solving.
Ensuring smooth overall financial operations by leading the finance and portfolio support teams:
Oversee all financial accounts, ledgers, and reporting systems, including those used for tracking MACED’s programmatic lending activities, ensuring compliance with appropriate GAAP standards and regulatory requirements.
Maintain internal controls and safeguards for receipt of revenue, costs, program and grant budgets, and financing revenues and expenses.
Coordinate all audit activity, including A-133 audit, and lead preparation of tax and information returns for MACED and affiliated entities.
Consistently analyze financial data and present financial reports in an accurate and timely manner, and clearly communicate MACED’s financial status to leadership and staff, board members, funders, and other interested parties.
Guide the annual budgeting process and manage organizational cash flow forecasting.
Oversee all financial, project/program and grants accounting, ensuring that expenditures are consistently aligned with grant and program budgets throughout the grant or budget period and that all financial reporting on grants is timely and accurate.
Manage and track the performance of invested assets in keeping with policies and investment guidelines.
Inform and engage the board’s audit and finance committees to enable them to perform their guidance and oversight responsibilities effectively.
Supporting and supervising Enterprise Development Director and supporting effective program implementation:
Support effective program implementation and ensure alignment with organizational goals.
Assist Enterprise Development staff in identifying new program directions and options.
Ensure meaningful program evaluation, in conjunction with the Director of Performance Culture.
Ensure that organizational communications goals and needs around the Enterprise Development program are met.
Guiding a holistic risk management system at MACED:
Work with MACED staff to assess and manage risks facing our organization.
Complete annual Enterprise Risk Management process, seeking input from staff and others as appropriate, and present to MACED’s Finance Committee on an annual basis.
Consult with other programs and teams on potential risk management issues when needed and appropriate.
Share leadership, management, and problem solving responsibilities with the management team.
Participate in fundraising and communications efforts as needed and appropriate.
Practice safety in all aspects of the job.
Other duties as assigned.
MINIMUM QUALIFICATIONS AND CHARACTERISTICS:
Knowledge and experience: Four-year accounting degree. At least seven years of accounting and/or auditing experience. Experience with payroll; financial reporting; coordinating audit activities; and managing budget development and analysis. Successful supervisory and/or team leadership experience demonstrating strong interpersonal skills. Solid understanding of GAAP, including GAAP for nonprofits and for financial institutions. Understanding of financial strategy, including issues of capital structure. Personal characteristics: Integrity, credibility and commitment to MACED’s mission. Willingness and demonstrated ability to take responsibility for complex finance functions and reporting. Analytic, organizational and problem solving skills that support strategic data interpretation vs. simple reporting. Technology and software: Power user of Excel. Hands-on and advanced knowledge of accounting and reporting software. Communications:Strong interpersonal and written communication skills. Ability to explain financial matters to general audiences, program staff, and IT providers as well as other accountants. Physical: Close vision with or without corrective lenses necessary for computer work. Manual dexterity needed to operate computer. Able to perform assigned duties in a time-efficient manner.
PREFERRED QUALIFICATIONS AND CHARACTERISTICS:
CPA or MBA with concentration in accounting. Community Development Financial Institution (CDFI) experience, and/or experience in the financial sector, in particular business lending. Experience with grants management, in particular compliance and reporting of government and foundation grants. Experience with A-133 audits. Experience preparing Form 990. Demonstrated experience with strategic financial planning. Concrete evidence of effective communication about financial matters to different audiences (e.g. boards and board committees, management, funders, constituents, program staff). Interest in Appalachian region.
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