Maryland Nonprofits
Chief Financial Officer
Maryland Nonprofits, Baltimore, Maryland, United States,
Reporting to the CEO/President, the Chief Financial Officer (CFO) is responsible for providing strategic financial leadership for Penn-Mar including leading the financial planning and budgeting, management reporting, external reporting, general accounting, treasury, payroll, and tax compliance in order to proactively support PMHS’s operations with timely, accurate, and insightful financial information. The CFO will partner with the CEO/President, COO, the Board of Directors, the Finance Committee, the executive team, prospective partners, and the external community to anticipate, assess, prioritize, and coordinate all financial activities to align with the prioritized business/service needs of PHMS.
The CFO will ensure the accuracy and veracity of financial statements, records, and reports, and ensure the effectiveness of all automated support systems, processes and procedures. A significant portion of the CFO’s time and expertise should be focused on the strategic priorities of the agency.Supervisory Responsibility:The CFO is responsible for managing the financial team, the facilities team, and all financial regulatory reporting across the Penn-Mar enterprise.Essential Responsibilities:Serve as strategic thought partner to the CEO/President regarding resource management and financial planning.Foster and develop strategic stakeholder relationships on the local, state and national levels.Develop and implement strategic goals and objectives within all areas of responsibility.Responsible for providing strategic and analytical support to Penn-Mar’s Merger & Acquisition (M & A) activities.Prepare and make appropriate, high-level presentations to the Board of Directors regarding PMHS’s financial status in a clear, concise manner that is appropriate for both those with financial backgrounds and those without.Ensure the Board of Directors receives all disclosures as required by regulatory agencies and best practices.Demonstrate comprehensive knowledge of the financial condition of the agency and its programs.Oversee the financial team including controllership, accounting, payroll, accounts payable and receivable, and billing.Manage tax-exempt and other financings and negotiate most effective rates and terms balanced with minimizing the administrative burden and ensuring compliance with covenants.Establish and maintain relationships with financial institutions which provide operational banking services, including checking accounts, lines of credit, account reconciliations, fraud control and on-line access to accounts.Oversee cash flow planning and forecasting, availability of funds, asset management, and financing strategies.Build and maintain mutually supportive relationships with all levels of management, staff, outside agencies and vendors.Assess the benefits of all prospective contracts and advise the management team about programmatic design and implementation matters.Oversee the PMHS’s insurance and risk management program. In conjunction with Human Resources, investigate, implement and maintain competitive and cost-effective benefit plans and other fringe benefits.Maintain knowledge of current financial reporting trends and development in the field of accounting, tax and finance.Ensure compliance with tax and regulatory agency requirements, ensuring accuracy and timely reporting.Envision and create predictive financial models which help management anticipate and plan for future contingencies.Provide regular, meaningful, timely financial snapshots to enable internal groups to manage their financial resources.Ensure that all accounting and financial reporting practices are in accordance with appropriate regulatory and third-party requirements (such as federal and state government agencies, foundations, etc.), organizational objectives and Generally Accepted Accounting Principles (GAAP).Oversee preparation of annual budgets and forecasts across the enterprise, manage the annual audit with outside auditors and ensure appropriate internal controls in place.Responsible for ensuring all annual audit issues are understood and resolved and all 403(b) compliance issues are met.Participate in policy development as part of the senior leadership team.Serve as Executive Director of Penn-Mar Development Corporation and as a member/officer of the Penn-Mar Foundation Board.QualificationsTo perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.Educational Requirements:Bachelor's in accounting or finance or related required. CPA and / or M.S. in Accounting, Finance or Business preferred.Experience:Minimum of 5 years of finance / accounting leadership experience in a senior financial-management role, partnering with executive staff and members of the Board, resulting in the development and implementation of creative financial management strategies.Experience leading strategic planning for an organization.Experience evaluating and reporting on financial information and making actionable recommendations to senior leadership and the Board of Directors.Experience managing finance and accounting for a nonprofit with a budget of at least $25 million and with multiple funding sources (including government contracts) preferred.Experience managing M&A activities and related processes preferred.Excellent written and oral communication skills.Demonstrated leadership ability, team management, and interpersonal skills.Excellent analytical, critical thinking and abstract reasoning skills; excellent organization skills.Demonstrated knowledge in ensuring all accounting and financial reporting practices are in accordance with appropriate regulatory and third-party requirements (such as federal and state government agencies, foundations, GAAP etc.).Solid experience in budgeting, forecasting and identifying cost control / improvement opportunities.Demonstrated knowledge of and experience in managing annual audit with outside auditors and ensure appropriate internal controls are in place and in coordinating management's response to any management comment letter items.Ability to serve as subject matter expert in all matters of financial compliance and reporting.Experience providing financial leadership in a multi-state organization preferred.Experience serving on a Board preferred..
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The CFO will ensure the accuracy and veracity of financial statements, records, and reports, and ensure the effectiveness of all automated support systems, processes and procedures. A significant portion of the CFO’s time and expertise should be focused on the strategic priorities of the agency.Supervisory Responsibility:The CFO is responsible for managing the financial team, the facilities team, and all financial regulatory reporting across the Penn-Mar enterprise.Essential Responsibilities:Serve as strategic thought partner to the CEO/President regarding resource management and financial planning.Foster and develop strategic stakeholder relationships on the local, state and national levels.Develop and implement strategic goals and objectives within all areas of responsibility.Responsible for providing strategic and analytical support to Penn-Mar’s Merger & Acquisition (M & A) activities.Prepare and make appropriate, high-level presentations to the Board of Directors regarding PMHS’s financial status in a clear, concise manner that is appropriate for both those with financial backgrounds and those without.Ensure the Board of Directors receives all disclosures as required by regulatory agencies and best practices.Demonstrate comprehensive knowledge of the financial condition of the agency and its programs.Oversee the financial team including controllership, accounting, payroll, accounts payable and receivable, and billing.Manage tax-exempt and other financings and negotiate most effective rates and terms balanced with minimizing the administrative burden and ensuring compliance with covenants.Establish and maintain relationships with financial institutions which provide operational banking services, including checking accounts, lines of credit, account reconciliations, fraud control and on-line access to accounts.Oversee cash flow planning and forecasting, availability of funds, asset management, and financing strategies.Build and maintain mutually supportive relationships with all levels of management, staff, outside agencies and vendors.Assess the benefits of all prospective contracts and advise the management team about programmatic design and implementation matters.Oversee the PMHS’s insurance and risk management program. In conjunction with Human Resources, investigate, implement and maintain competitive and cost-effective benefit plans and other fringe benefits.Maintain knowledge of current financial reporting trends and development in the field of accounting, tax and finance.Ensure compliance with tax and regulatory agency requirements, ensuring accuracy and timely reporting.Envision and create predictive financial models which help management anticipate and plan for future contingencies.Provide regular, meaningful, timely financial snapshots to enable internal groups to manage their financial resources.Ensure that all accounting and financial reporting practices are in accordance with appropriate regulatory and third-party requirements (such as federal and state government agencies, foundations, etc.), organizational objectives and Generally Accepted Accounting Principles (GAAP).Oversee preparation of annual budgets and forecasts across the enterprise, manage the annual audit with outside auditors and ensure appropriate internal controls in place.Responsible for ensuring all annual audit issues are understood and resolved and all 403(b) compliance issues are met.Participate in policy development as part of the senior leadership team.Serve as Executive Director of Penn-Mar Development Corporation and as a member/officer of the Penn-Mar Foundation Board.QualificationsTo perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.Educational Requirements:Bachelor's in accounting or finance or related required. CPA and / or M.S. in Accounting, Finance or Business preferred.Experience:Minimum of 5 years of finance / accounting leadership experience in a senior financial-management role, partnering with executive staff and members of the Board, resulting in the development and implementation of creative financial management strategies.Experience leading strategic planning for an organization.Experience evaluating and reporting on financial information and making actionable recommendations to senior leadership and the Board of Directors.Experience managing finance and accounting for a nonprofit with a budget of at least $25 million and with multiple funding sources (including government contracts) preferred.Experience managing M&A activities and related processes preferred.Excellent written and oral communication skills.Demonstrated leadership ability, team management, and interpersonal skills.Excellent analytical, critical thinking and abstract reasoning skills; excellent organization skills.Demonstrated knowledge in ensuring all accounting and financial reporting practices are in accordance with appropriate regulatory and third-party requirements (such as federal and state government agencies, foundations, GAAP etc.).Solid experience in budgeting, forecasting and identifying cost control / improvement opportunities.Demonstrated knowledge of and experience in managing annual audit with outside auditors and ensure appropriate internal controls are in place and in coordinating management's response to any management comment letter items.Ability to serve as subject matter expert in all matters of financial compliance and reporting.Experience providing financial leadership in a multi-state organization preferred.Experience serving on a Board preferred..
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