VP of Finance

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Job Type

Full-time

Description

The VP of Finance is responsible for managing all financial functions including: accounting, payroll, financial operations, internal controls, policies & procedures, insurance coverage and contract review.

Key Job Responsibilities

Leadership

• Establish and implement policies and procedures for all financial management functions, ensuring appropriate internal controls and compliance with generally accepted accounting practices.
• Develop and communicate agency wide commitment to integrity and ethical values, internal controls and risk assessment, monitoring and remediation.
• Participate in key decisions pertaining to strategic initiatives, operating model and operational execution.
• Act as the staff liaison for the Board Finance Committee.
• Mentor and develop finance team, managing work allocation, training, problem resolution, performance evaluation, and the building of an effective team dynamic.
  
  

Strategic Planning

• As a business partner to the CEO and senior leadership, assess organizational performance against both annual budget and BGCH’s long-term strategy.
• Develop tools and systems to provide critical financial and operational information to the CEO and make actionable recommendations on both strategy and operations
• Oversee the process for identifying and evaluating opportunities for improved financial operations, recordkeeping and reporting, working with external auditors to prepare and review audit schedules, audited financial statements and 990.
• Engage the Board Finance Committee around issues, trends and changes within the organization. As well as in developing short and long-term financial plans and projections.
• Assist in establishing yearly objectives and meeting agendas, and selecting and engaging outside consultants/services (auditors, investment advisors).
• Oversee long-term budgetary planning and cost management in alignment with strategic plan, especially as the organization considers large-scale improvements or advancements.
  
  

Resource Development

• Seek and secure financial support and resources by managing: a) All Boys & Girls Club assets and investments, including property, endowment investments and short-term investments. b) Preparation of grant budgets in partnership with the Director of Grants; ensure proper spending, labor allocations, reporting and billing.
• Agency wide compliance with government grant allowable cost and financial recordkeeping requirements.
• Represent the organization to financial partners, including financial institutions, donors, grantors, auditors, etc.
• Coordinate audits and proper filing of tax returns, including 990.
  
  

Resource Management

• Prepare and maintain regular financial planning reports; Monthly profit and loss forecast (vs. budget); Cash flow forecast.
• Complete analysis of financial results; Develop recommendations (strategic and tactical).
• Develop and execute analysis of various business initiatives (e.g., opening new Clubs, asset acquisition, new service launches).
• Develop and maintain capital budget.
• Develop relationships with and participate in calls with lenders and vendors.
• Oversee cash flow planning and ensure availability of funds as needed.
• Oversee cash, investment, and asset management.
• Oversee financing strategies and activities, as well as banking relationships.
• Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization’s operations and business plans.
• Oversee the finance department to ensure proper maintenance of all accounting systems and functions. Including researching and implementing a new accounting software.
  
  

Additional Responsibilities

• Remain up to date on nonprofit audit best practices and state and federal law regarding nonprofit operations.
• Ensure legal and regulatory compliance regarding all financial functions.
• Manage the organizations insurance program (i.e. liability).
• Manage the company’s real estate affairs together with the CEO and VP of Operations.
  
  

EOE Statement

The Boys & Girls Clubs of Hartford is an equal opportunity employer, committed to inclusion and diversity. We ensure equal opportunity for all applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, Veteran status or other legally protected characteristics.

Requirements

• A minimum of ten years of progressively responsible work experience managing the accounting functions in a nonprofit agency, or equivalent experience.
• Diverse work experience, in both nonprofit and corporate settings is preferred.
• Bachelor's degree from an accredited college or university in accounting, finance, or business administration.
• Experience in a senior financial-management role, partnering with executive staff, resulting in the development and implementation of effective financial management strategies.
• Experience working with staff to manage finance and accounting software systems and packages. (experience with NetSuite and Ramp a plus)
• Significant experience in and knowledge of nonprofit accounting, including sophisticated fund and grant accounting, compliance and reporting.
• Demonstrated leadership ability, team management and interpersonal skills.
• Excellent written and oral communication skills.
• Excellent analytical and abstract reasoning skills, plus excellent organization skills.
• Excellent judgement and creative problem-solving skills, including negotiation and conflict resolution skills
• Ability to build positive relationships with people at all levels, maintain confidentiality and engender trust.
• Strong mentoring, coaching experience to a team with diverse levels of expertise
• Proven ability to be flexible, collaborative and proactive; a team leader who can positively and productively impact both strategic and tactical finance and administration initiatives.
• Experience with a capital campaign and bond management is preferred.
• Experience managing investments is a plus.
  
  

Salary Description

$125,000- $140,000