Reporting to the Chief Operating/Financial Officer (COO/CFO), the Vice President, Finance will be responsible for oversight of all finance, accounting and reporting activities. As the number-two position in the Finance Department and lead accountant, the VP, Finance will support the COO/CFO in presentations to the Board and its finance and audit committees. S/he will also work closely with the senior staff and other members of the NFCC team as they strive to execute on their internal and membership-focused responsibilities.
The VP, Finance will lead all day-to-day finance operations and oversee the organizational budget of $12 million. S/he will supervise two staff members including functional responsibility over accounting, accounts payable, accounts receivable, and grants administration (philanthropic and government grants). The VP, Finance will ensure that the NFCC has the systems and procedures in place to support effective program implementation and conduct flawless audits.
S/he will work closely with program leaders and their staffs, not only to educate them regarding finance and accounting procedures but also to explore how the Finance Department and its systems can better support program operations. In addition, s/he will partner with the COO/CFO, senior leadership, and information technology (IT) staff to enhance and better integrate finance and IT functions with other platforms in use by the organization.
Essential Functions and Responsibilities
Finance and Accounting Leadership
Oversee all accounts, ledgers, and reporting systems ensuring compliance with appropriate GAAP standards and regulatory requirements.
Maintain internal control and safeguards for receipt of revenue, costs, and program budgets.
Oversee all audit activity, including the federal single audit.
Consistently analyze financial data and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial results; monitor progress and changes and keep senior leadership abreast of NFCC’s financial condition;
Assist NFCC’s leadership in the annual budgeting and planning process; administer and review all financial plans and compare to actual results with a view to identify, explain, and correct variances as appropriate. Periodically, prepare financial forecasts to anticipate and manage year-end variances against budget.
Oversee all financial, project/program and grants accounting; ensure that expenditures are consistently aligned with grant and program budgets throughout the measurement period. Lead compliance efforts for all grant requirements, particularly the unique requirements of government grants.
Manage organizational cash flow forecasting by working in partnership with the program managers; continuously collaborate with program managers to assess the financial efficacy of program operations and establish finance and administrative systems to support program operations.
Member Services & Team Leadership
Ensure the timely, efficient and secure movement of funds and sensitive business data between the NFCC and its member agencies, particularly the transfer of grant related funding.
Consistently strive to better serve NFCC members and better engage their leadership, especially their CFO’s/Controllers, in the work of the NFCC.
Leverage strengths of the current finance team members; help to clarify roles and responsibilities and develop and implement training programs to maximize and reach optimal individual and organizational goals;
Provide leadership in strengthening internal communications with staff at all levels throughout the organization; create and promote a positive and supportive work environment.
This is an extraordinary opportunity for a mature leader with seven to ten years of accounting and finance experience, including gathering, evaluating, presenting and reporting financial information to executive teams and external stakeholders. S/he will ideally have experience in a complex nonprofit accounting that has multiple programs and an enterprise IT system.
Other qualifications include:
Minimum of a BA in accounting and/or finance and seven to ten years of finance and accounting experience; CPA is a plus.
Provide leadership in strengthening internal communications with staff at all levels throughout the organization; create and promote a positive and supportive work environment
Technology savvy with experience selecting and overseeing software installations and having advanced knowledge of accounting and reporting software
Commitment to recruiting, mentoring, training, and retaining a diverse team; the foresight and ability to delegate accordingly
Personal qualities of integrity, credibility, and unwavering commitment to NFCC’s mission; a proactive, hands-on strategic thinker who will own, in partnership with the COO/CFO, the responsibility for finance
Solid experience coordinating audit activities, budget development/analysis and financial reporting
A track record in grants management as it relates to compliance and reporting of government, corporate and foundation grants.
Keen analytic, organization and problem-solving skills which allows for strategic data interpretation versus simple reporting
Strong interpersonal and communication skills; experience in effectively communicating key data, including presentations to senior management, board or other outside stakeholders
Ability and desire to translate complex financial concepts to individuals at all levels including finance and non-finance managers
As the nation's leader in nonprofit financial counseling, NFCC is the umbrella organization for a national network of member agencies serving over 1 million clients in the 50 states, DC and Puerto Rico.The NFCC and its members offer solutions and help address financial challenges of low-to-moderate income customers to take charge of their own financial futures. The NFCC is the nation's first and largest nonprofit organization dedicated to improving people's financial well-being.
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