Job #739: Chief Financial Officer - Tewksbury, MA (4-3-18)
- Job Title: Chief Financial Officer
- Location: Tewksbury, MA
- Salary: Commensurate with experience
The Chief Financial Officer (CFO) provides both 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) on all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and the securing of new funding.
This position handles highly confidential material and information and the successful candidate will be required to adhere to professional confidentiality standards at all times.
Essential Duties and Responsibilities:
- Assist in performing all tasks necessary to achieve the organization's mission and help execute staff succession and growth plans.
- Trains staff on raising awareness and knowledge of financial management matters.
- Works with the CEO on the strategic vision including fostering and cultivating stakeholder relationships on city, state levels; as deemed necessary.
- Participates in developing new business, specifically: assists the CEO in identifying new funding opportunities, the drafting of prospective programmatic budgets, and determining cost effectiveness of prospective service delivery.
- Assess the benefits of all prospective new business and advises the Executive Team on programmatic design and implementation matters.
- Ensures adequate controls are installed and that substantiating documentation is approved
- and available such that all purchases may pass independent and governmental audits.
- Provides the CEO with an operating budget. Works with the CEO to ensure programmatic success through cost analysis support, and compliance with all contractual and programmatic requirements. This includes: 1) programmatic rules and regulations to ensure compliance with all federal, state, local and financial guidelines, 2) ensures that all government regulations and requirements are disseminated to appropriate personnel, and 3) monitors 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, development and monitoring of organizational financial systems.
- Develop and maintain systems of internal controls to safeguard financial assets of the organization; oversee the coordination and activities of independent auditors ensuring all audit issues are resolved, and all 401(k) compliance issues are met, 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.
- Attend executive staff meetings.
- Monitor financial activities of the organization on an on-going basis.
- Ensure adequate cash flow to meet the organization's needs.
- Serve as key financial contact and oversee administration and financial reporting of the organization's Savings and Retirement Plan.
- Provides monthly reports to the lenders to meet the existing covenant requirements.
- Provides Board of Directors monthly, quarterly and annual financial reporting including Income Statement, Balance Sheet, State of Cash Flows, MDA, Director Certificate
- 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
- Oversee the production of weekly/monthly reports including financial statements and cash flow projections for use by executive management.
- 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.
Required Knowledge, Skills, and Abilities:
- Current trends, developments, and theories in job readiness training and adult education.
- Current trends and developments in financial corporate systems.
- Issues, concerns, and barriers of employees newly entering the workforce.
- Laws, regulations, and rules governing work requirements; organizational development, and hand company operations.
- General office software, particularly the Microsoft Office Suite and MIP 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 the organization.
- Supervise staff, including regular progress reviews and plans for improvement.
- Communicate effectively in both written and verbal form.
Interested candidates should contact Robert Newell at: RNewell@newwinconsulting.com. Please mention that you are a member of EisnerAmper's Friends of the Firm program. Make sure to copy Nkrumah Pierre, email@example.com, and Jennifer Rosener, firstname.lastname@example.org, on your email.