OVERVIEW OF POSITION: The Chief Financial Officer is responsible for the oversight and fiscal management of an annual budget of $25M. In this highly visible leadership role, the CFO is tasked with creating growth, reducing costs, and maximizing the organization's financial performance.
The Chief Financial Officer will report directly to the Chief Executive Officer (CEO) and lead a team of accounting and payroll professionals, managing the day-to-day financial and accounting operations, including AP/AR; preparation of financial statements; updating and documenting accounting processes; payroll functions; and the creation of a comprehensive set of controls and budgets to mitigate risk, enhance accuracy, and ensure results are reported in a timely manner. The CFO should also have a strong knowledge base and high-level experience in Human Resources.
Ardmore believes that all employees should be committed to supporting the organization's mission of ensuring quality support services are provided and people with intellectual and developmental disabilities are both respected and afforded opportunities to choose and participate in community events, activities, and resources.
DUTIES AND RESPONSIBILITIESFinancial Management and LeadershipOversee routine analysis of key financial statement elements to identify matters requiring attention and interpret and explain financial performance about prior periods, current budget, and external benchmarks.Development, maintenance, and operation of the infrastructure (i.e., policies, procedures, and systems) required to ensure the safekeeping and preservation of all corporate assets, including but not limited to cash accounts, investment accounts, supply inventory, fixed assets, intangible assets, and contract commitments.Lead a Finance and Human Resources team that is highly efficient and productive, facilitating cross-training, and ensuring transparency for business continuity.Partner with service directors to plan changes in funding structures and development activities.Financial planning and development of annual operating and capital budgets, long-term operational and capital budgets (including projected statements of operations, projected balance sheets, and projected cash flow statements).Oversee and lead annual budgeting and planning process in conjunction with the Senior Leadership Team and CEO; administer and review all financial plans and budgets; monitor progress and changes; and keep Senior Leadership Team abreast of the organization's financial status.Tax and other government financial reporting and oversee preparation and filing of periodic reports and timely remittance of appropriate taxes or fees due.Effectively communicate and present critical financial matters to the Finance Committee and Board of Directors (i.e. annual audit process, liaise with external auditors, etc.)Implement a robust fiscal management and reporting system; ensuring accurate financial data and cash flow are steady and support operational requirements.Knowledge of the procedures, operating practices, rules, regulations, and applicable state and federal laws governing coding, billing, collections, and financial reporting.Analyze operational issues and evaluate their impact on the financial exposure of the agency elevating any concerns to the CEO.Update and implement all necessary business policies and accounting practices; improve the finance department's overall policy and procedure manual.Close the fiscal year, balance internal accounting program with independent audit and Form 990.Fiduciary oversight responsibility for the 403(b) with assistance from identified program and investment management.Remain current on regulations, industry trends, and practices and applicable financial reporting laws ensuring the organization operates within full compliance of the law.Responsible for maintaining and monitoring property insurance coverage.Participate in Board of Directors meetings and other meetings as requested.AccountingEstablish and supervise implementation of efficient and accurate accounting systems.Gather, organize, and maintain all records of revenue and expenditures.Analyze and present financial reports in an accurate and timely manner; clearly communicate monthly and annual financial statements; collate financial reporting materials, and oversee all financial, project/program and grants accounting.Review financial reports with Finance Committee, CEO, and Program Directors.Transaction processing, including General ledger, billing, collection, payroll, accounts payable, and detailed property records.Maintenance and preservation of all corporate records, including an up-to-date inventory of all corporate records with a record description and physical location.Oversee billing and accounts receivable through the Maryland LTSS system.File all reports to funding sources in a timely fashion.Payroll OperationsEstablish and supervise implementation of efficient and accurate payroll procedures.Maintain accurate payroll-related records.Ensure that all staff are compensated accurately and on time.Ensure the timely payment of all taxes and benefit premiums.Assure compliance with all state, federal, and local laws pertaining to compensation for work performed.Human ResourcesDemonstrates knowledge of Human Resource and provide oversight and support of the Human Resources team, that will be under the direction of Director of People and Culture.In collaboration with CEO and Director of People and Culture, participate in the annual insurance renewal.KNOWLEDGE, SKILLS, AND ABILITIESStrong analytical, communication, and decision-making skills that will drive the financial performance of the organization.Excellent organizational skills.Excellent problem-solving skills and ability to prioritize.Outstanding written and communication skills.Strong attention to detail.EDUCATION AND EXPERIENCEBachelor's degree in accounting, Business Administration, Finance, or a closely related field required; Master's degree strongly preferred.Certified Public Accountant (CPA) preferred.Must have a minimum of 10 years of experience in accounting or fiscal management; not-for-profit experience preferred.Extensive knowledge of the principles, practices and procedures of accounting, finance, budgeting, and planning for a not-for-profit agency.Knowledge of Development Disability Administration funding and billing preferred.Knowledge of employment law and Human Resources regulations, policies, and procedures.Must be a strategic thinker with the ability to conceptualize and act upon the agency's financial objectives and operationalize these objectives.Ability to motivate and hold team members accountable.Demonstrate knowledge of laws, procedures, regulations, and best practices relating to not-for-profit accounting practices and financial reporting.Salary Range - $150K - $170K
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