Chief Fiscal Officer

**Job Description**

Job Title: **Chief Fiscal Officer**

Department: Accounting

Reports To: Executive Director

**SUMMARY**

Responsible for directing the fiscal functions of the Agency in accordance with generally accepted accounting principles issued by the Financial Accounting Standards Board, the Securities and Exchange Commission, other regulatory and advisory organizations and in accordance with appropriate financial management techniques and practices.

**RESPONSIBILITIES**

The Chief Financial Officer is a member of the Executive Leadership Team and manages all financial functions including: accounting, billing, reconciling, budget development and tracking, financial operations, finance personnel management, insurance coverage, management of legal requirements and develops projections on individual project budgets, grant budgets, and capital improvement budget.

**ESSENTIAL DUTIES and EXPECTATIONS**

Oversee all accounts, ledgers, financial software and reporting systems ensuring policies and procedures are in compliance with appropriate GAAP standards and regulatory requirements. Ensure the maintenance of financial records and recordkeeping systems, including grant/fund accounting, to ensure compliance with all regulations, generally accepted accounting practices and contractual requirements.

*Expectation: Fiscal systems and policies are compliant.*

Forecast, plan, develop, and organize fiscal budgets. Implement, direct, and evaluate the organization's fiscal performance.

*Expectation: Fiscal performance is consistently profitable.*

Participate in the development of the Agencys plans and programs as a strategic partner.

*Expectation: Plans and programs are effective, complete, and timely.*

Prepares reports or directs preparation of reports summarizing Agencys or departments current and forecasted financial position and reports required by regulatory agencies.

*Expectation: Reports are accurate, timely and complete.*

Develop plans to address areas of opportunity within the Agencys financial health and financial processes. Evaluate and advise on the impact of long-range planning, introduction of new programs/strategies and regulatory action.

*Expectation: Analysis and recommendations are sound, beneficial, and timely.*

Consistently analyze financial data and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements; monitor progress and changes and keep senior leadership abreast of MCACs financial status.

*Expectation: Analysis is sound, beneficial, and timely.*

Enhance and/or develop, implement, and enforce financial policies and procedures of the organization through systems that will improve the overall operation and effectiveness of the Agency.

*Expectation: Systems are beneficial, clear, accurate, and timely.*

Analyzes accounting records to determine financial resources required to implement programs and submits recommendations for budget allocations.

*Expectations: Recommendations lead to effective and timely allocations.*

Continual improvement of the budgeting process through education of department managers on financial issues impacting their budgets.

*Expectation: Improvements are consistent, beneficial, and timely.*

Work closely with Agency leadership to: a) maintain, analyze, and interpret general ledger for all funds; b) manage the preparation and analysis of financial reports on a monthly and as needed basis. Develop a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs.

*Expectation: Cash flow methods enhance operations in a consistent, clear, and accurate manner.*

Participate in weekly leadership meetings to di cuss direction of the Agency and present financial data. Communicate clearly and directly with managers and employees concerning fiscal performance expectations and accountability. Oversee an inclusive process to establish an annual operating budget for the Agency.

*Expectation: Communication is ongoing, clear, concise, and complete.*

Provide staff training in the areas of budget development, budget management, fiscal accountability, finance procedures and more. Develops employees for future advancement when possible.

*Expectation: Employee development is accessible to department employees.*

And other duties as assigned.

**RELATIONSHIPS**

• Internal:** Maintain contact with the Executive Leadership Team and Department
  
  

Heads to provide technical assistance in matters of financial operations; interact regularly with Executive Director and the Board to develop fiscal policies and budgets, and to present regular reports in an advisory capacity. Direct, consult and counsel Agency

employees, Board members, volunteers, and community members in all financial aspects as needed.

• External:** Maintain contact with external auditors, vendors, insurance carriers, and other groups.
• MEASURE of PERFORMANCE
  
  

Quality, accuracy, timeliness, reliability, and thoroughness of work performed. Gains the trust and respect of the Board, leadership team and staff. Excellent communication skills. Responsive to the requests and information needs of the Partnership. Exemplary leader. Soundness of business decisions made. Problem solver. Creative thinker. Quality of the example set for other employees. Team player, committed and loyal to the Partnership. Maintai

**