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Director of Finance / CFO
at Synergy One in New Haven, Connecticut
Nonprofit industry in community development and housing .
Position based in Stanford CT
Base 90k
Looking for a Director of Finance / CFO who will be responsible for the fiscal management, financial planning, and risk management that positions our organization effectively to manage our financial resources. The director of finance will work with the executive director and board of directors on financial strategies and planning, including budgeting, controllership and capital development. He or she will provide leadership in all areas of the accounting and financial management, which includes the financing of development projects as well as the overall financial management of corporate operations.
Responsibilities
Specific duties shall include but not be limited to:
General Accounting
• Establishing sound fund accounting policies, procedures, and practices in accordance with contract/grant requirements.
• Coordinating, approving, and processing primary financial documents (bills, payments, bank statements, donor information, etc.) as they are received.
• Monitoring investments, contracts, and other financial matters requiring supervision.
• Working closely with the bookkeeper and being responsible for maintaining bookkeeping system, supervising the monitoring and maintaining of all accounts, reviewing the posting of all entries to the appropriate journals and ledgers, supervising the preparation of all checks, maintaining related files, and preparing all books for the Treasurer's and Auditor's review.
• Delegating office deposits to an appropriate staff person to ensure sufficient separation of responsibilities and internal controls.
• Monitoring and/or conducting monthly closing of the books and bank account reconciliations.
• Refining and implementing internal control policies and procedures, as needed.
• Assisting in financial planning (operating and capital budgets, forecasts, and development proformas) in accordance with organizational objectives.
• Assisting with the financial aspects of creating a business plan.
• Conducting cost analyses and maintaining a cost accounting system.
• Managing checking, savings, investment, and escrow accounts, including transfers of funds.
• Managing loan loss reserve accounts, where required.
• Managing, overseeing, and coordinating all general ledger and subsidiary ledgers systems, including loan servicing, accounts payable, accounts receivable, and the financial management of construction projects.
• Coordinating the storage and retrieval of all office accounting files including, but not limited to, bank statements, reconciliation reports, vendor and contractor files, accounts payable and receivable, Revolving Loan accounts, and other financial records.
• Coordinating and taking responsibility for the preparation and filing of all required federal and state tax information, in compliance with all laws and regulations.
• Coordinating the annual independent audit of the organization’s financial operations.
• Overseeing employee timesheets, payroll, employee and corporate retirement contributions, and taxes.
• Managing internal control of receipts and disbursements.
• Managing records of the financial assistance provided to clients.
• Monitoring activity of the Revolving Loan Fund, and working with housing counselors to administer collection procedures for loans that are not being paid as agreed.
Financial Reporting
• Preparing basic financial statements, including budget comparison reports, cash flow reports, balance sheet information, revenue and expense reports, program services reports, project reports, and special reports on request.
• Maintaining corporate documents and ensuring that the corporation complies with various reporting requirements of federal and state agencies.
• Filing all reports in a timely fashion and assuring compliance with granting agency reporting deadlines.
• Preparing reports and schedules for external auditors, and other funding sources.
Business Management Support
• Working with the executive director, board treasurer, and resource development team to support fundraising and other resource development activities.
• Cross-training appropriate staff in the accounting functions.
• Working with the board of directors to compile and analyze board requests.
Additional Qualifications:
Requirements of Work
requires at least 4 years of experience as a financial manager/accountant/bookkeeper with a minimum of 4 years of accounting experience in a nonprofit environment. The director of finance must have a bachelor's degree from an accredited university and a strong math aptitude. A CPA or MBA is preferred. He or she should also have prior training and experience in desktop computing using Windows Operating Systems. This position requires superb skills in application software such as QuickBooks, Excel spreadsheets, word processing, database management, and fund accounting. Prior experience in construction and/or real estate finance and an understanding of real estate development subsidies is highly desirable.
The director of finance must understand A-133 audit requirements and have the ability to prepare financial statements with any required notes.
In addition, the director of finance must be able to accept the fact that his or her work requires considerable flexibility in work hours. He or she must be committed to the goals and philosophy of the organization and must possess a high degree of motivation. The director of finance is expected to work as part of a team to accomplish common organizational goals and objectives
Email: jobs@synergy1ny.com
Position based in Stanford CT
Base 90k
Looking for a Director of Finance / CFO who will be responsible for the fiscal management, financial planning, and risk management that positions our organization effectively to manage our financial resources. The director of finance will work with the executive director and board of directors on financial strategies and planning, including budgeting, controllership and capital development. He or she will provide leadership in all areas of the accounting and financial management, which includes the financing of development projects as well as the overall financial management of corporate operations.
Responsibilities
Specific duties shall include but not be limited to:
General Accounting
• Establishing sound fund accounting policies, procedures, and practices in accordance with contract/grant requirements.
• Coordinating, approving, and processing primary financial documents (bills, payments, bank statements, donor information, etc.) as they are received.
• Monitoring investments, contracts, and other financial matters requiring supervision.
• Working closely with the bookkeeper and being responsible for maintaining bookkeeping system, supervising the monitoring and maintaining of all accounts, reviewing the posting of all entries to the appropriate journals and ledgers, supervising the preparation of all checks, maintaining related files, and preparing all books for the Treasurer's and Auditor's review.
• Delegating office deposits to an appropriate staff person to ensure sufficient separation of responsibilities and internal controls.
• Monitoring and/or conducting monthly closing of the books and bank account reconciliations.
• Refining and implementing internal control policies and procedures, as needed.
• Assisting in financial planning (operating and capital budgets, forecasts, and development proformas) in accordance with organizational objectives.
• Assisting with the financial aspects of creating a business plan.
• Conducting cost analyses and maintaining a cost accounting system.
• Managing checking, savings, investment, and escrow accounts, including transfers of funds.
• Managing loan loss reserve accounts, where required.
• Managing, overseeing, and coordinating all general ledger and subsidiary ledgers systems, including loan servicing, accounts payable, accounts receivable, and the financial management of construction projects.
• Coordinating the storage and retrieval of all office accounting files including, but not limited to, bank statements, reconciliation reports, vendor and contractor files, accounts payable and receivable, Revolving Loan accounts, and other financial records.
• Coordinating and taking responsibility for the preparation and filing of all required federal and state tax information, in compliance with all laws and regulations.
• Coordinating the annual independent audit of the organization’s financial operations.
• Overseeing employee timesheets, payroll, employee and corporate retirement contributions, and taxes.
• Managing internal control of receipts and disbursements.
• Managing records of the financial assistance provided to clients.
• Monitoring activity of the Revolving Loan Fund, and working with housing counselors to administer collection procedures for loans that are not being paid as agreed.
Financial Reporting
• Preparing basic financial statements, including budget comparison reports, cash flow reports, balance sheet information, revenue and expense reports, program services reports, project reports, and special reports on request.
• Maintaining corporate documents and ensuring that the corporation complies with various reporting requirements of federal and state agencies.
• Filing all reports in a timely fashion and assuring compliance with granting agency reporting deadlines.
• Preparing reports and schedules for external auditors, and other funding sources.
Business Management Support
• Working with the executive director, board treasurer, and resource development team to support fundraising and other resource development activities.
• Cross-training appropriate staff in the accounting functions.
• Working with the board of directors to compile and analyze board requests.
Additional Qualifications:
Requirements of Work
requires at least 4 years of experience as a financial manager/accountant/bookkeeper with a minimum of 4 years of accounting experience in a nonprofit environment. The director of finance must have a bachelor's degree from an accredited university and a strong math aptitude. A CPA or MBA is preferred. He or she should also have prior training and experience in desktop computing using Windows Operating Systems. This position requires superb skills in application software such as QuickBooks, Excel spreadsheets, word processing, database management, and fund accounting. Prior experience in construction and/or real estate finance and an understanding of real estate development subsidies is highly desirable.
The director of finance must understand A-133 audit requirements and have the ability to prepare financial statements with any required notes.
In addition, the director of finance must be able to accept the fact that his or her work requires considerable flexibility in work hours. He or she must be committed to the goals and philosophy of the organization and must possess a high degree of motivation. The director of finance is expected to work as part of a team to accomplish common organizational goals and objectives
Email: jobs@synergy1ny.com
Published at 17-08-2010
Viewed: 1087 times
Viewed: 1087 times