The Chief Financial Officer (CFO) provides operational and programmatic support to the organization. The CFO supervises the finance unit and is the chief financial spokesperson for the organization. The CFO reports directly to the Chief Executive Officer (CEO) and assists on all strategic and tactical matters relating to budget management, cost-benefit analysis, forecasting needs, and securing new funding.
Roles & Responsibilities:
- Assist in performing all tasks necessary to achieve the organization’s mission and help execute staff succession and growth plans.
- Train the Finance Unit and other staff on raising awareness and knowledge of financial management matters.
- Work with the CEO on the strategic vision, including fostering and cultivating stakeholder relationships on city, state, and national levels and assisting in developing and negotiating contracts.
- Participate in developing new business assisting the CEO in identifying new funding opportunities, drafting future programmatic budgets, and determining the cost-effectiveness of prospective service delivery.
- Assess the benefits of all prospective contracts and advise the Executive Team on programmatic design and implementation matters.
- Ensure adequate controls are installed and that substantiating documentation is approved and available such that all purchases may pass independent and governmental audits.
- Provide the COO with an operating budget. Work with the COO 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.
- Oversee the management and coordination of all fiscal reporting activities for the organization, including organizational revenue/expense and balance sheet reports, reports to funding agencies, and development and monitoring of corporate and contract/grant budgets.
- Oversee all purchasing and payroll activity for staff and participants.
- Develop and maintain internal control systems to safeguard the organization’s financial assets and oversee federal awards and programs. Oversee the independent auditors’ coordination and activities, ensuring all audit issues are resolved, all compliance issues are met, and the preparation of the annual financial statements is in accordance with regulator-required supplementary schedules and information.
- Attend Board and Subcommittee meetings, including being the lead staff on the Audit/Finance Committee.
- Monitor banking activities of the organization.
- Ensure adequate cash flow to meet the organization’s needs.
- Serve as one of the trustees and oversee the administration and financial reporting of the organization’s Savings and Retirement Plan.
- Investigate cost-effective benefit plans and other fringe benefits that the organization may offer and potential employees to attract and retain qualified individuals.
- Oversee the production of monthly reports, including reconciliations with funders and pension plan requirements, financial statements, and cash flow projections for use by Executive management, the Audit/Finance Committee, and the Board of Directors.
- Assist in the design, implementation, and timely calculations of wage incentives, commissions, and salaries for the staff.
- Oversee Accounts Payable and Accounts Receivable and ensure a disaster recovery plan is in place.
- Oversee business insurance plans and health care coverage analysis.
- 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
Qualification / Capabilities:
- A Bachelor’s Degree is required to complete a bachelor’s degree at an accredited college or university or with equivalent work experience.
- Completing a master’s degree at an accredited college or university or equivalent work experience.
- Chartered Accountant/Cost Accountant/MBA specializing in Finance with an excellent academic record from premier and recognized institutes.
- Certified Public Accountant (CPA) is requiIn addition, and.
- A chartered Financial Analyst (CFA) is required.
- The Controller or Chief Financial Officer level.
- Five to seven years of financial experience and management experience with the day-to-day financial operations of an organization of at least 50 staff persons
- Minimum ten years of post-qualification experience and experience in dealing with corporate financial management, including cost and budgetary control, institutional/multilateral Finance, and working capital management in an organization of repute. Should also have experience in dealing with Financial Planning, Project Structuring, and Modeling of Urban/Industrial/Infrastructure/PPP projects, contract procurement, risk management, Government interfacing, and its related areas. Must have undertaken these functions at a Senior Management Level in the last three years in the autonomous bodies/public sector/private sector of repute/multilateral institutions.
- Any equivalent combination of education and experience is determined to be acceptable.