Chief Financial Officer

$150,000 - $170,000/Yr

Maryland Nonprofits - Glenn Dale, MD

Full-time - Executive

Glenn Dale, MD

Religious, Grantmaking, Civic, Professional, and Similar Organizations

About the position

The Chief Financial Officer (CFO) is a pivotal leadership role responsible for the oversight and fiscal management of an annual budget of $25 million. This position requires a strategic thinker who can create growth, reduce costs, and maximize the organization's financial performance. The CFO will report directly to the Chief Executive Officer (CEO) and will lead a team of accounting and payroll professionals, managing the day-to-day financial and accounting operations. This includes overseeing accounts payable and receivable, preparing financial statements, updating and documenting accounting processes, and managing payroll functions. The CFO will also be responsible for creating a comprehensive set of controls and budgets to mitigate risk, enhance accuracy, and ensure timely reporting of results. In addition to financial management, the CFO should possess a strong knowledge base and high-level experience in Human Resources. The role involves routine analysis of key financial statement elements to identify matters requiring attention and to interpret and explain financial performance in relation to prior periods, current budgets, and external benchmarks. The CFO will develop, maintain, and operate the necessary infrastructure, including policies, procedures, and systems, to safeguard all corporate assets, such as cash accounts, investment accounts, and fixed assets. The CFO will lead a highly efficient Finance and Human Resources team, facilitating cross-training and ensuring transparency for business continuity. This role also requires partnering with service directors to plan changes in funding structures and development activities, as well as overseeing the annual budgeting and planning process in conjunction with the Senior Leadership Team and CEO. The CFO will communicate critical financial matters to the Finance Committee and Board of Directors, ensuring compliance with all applicable laws and regulations governing financial reporting and operations.

Responsibilities

• Oversee routine analysis of key financial statement elements to identify matters requiring attention and interpret financial performance.
• Develop, maintain, and operate the infrastructure required to ensure the safekeeping of all corporate assets.
• Lead a Finance and Human Resources team, facilitating cross-training and ensuring transparency for business continuity.
• Partner with service directors to plan changes in funding structures and development activities.
• Develop annual operating and capital budgets, including projected statements of operations, balance sheets, and cash flow statements.
• Administer and review all financial plans and budgets; monitor progress and changes.
• Prepare and file periodic reports and ensure timely remittance of taxes or fees due.
• Communicate and present critical financial matters to the Finance Committee and Board of Directors.
• Implement a robust fiscal management and reporting system to ensure accurate financial data and cash flow.
• Analyze operational issues and evaluate their impact on the financial exposure of the agency.
• Update and implement necessary business policies and accounting practices.
• Close the fiscal year and balance internal accounting with independent audit and Form 990.
• Maintain fiduciary oversight responsibility for the 403(b) plan.
• Participate in Board of Directors meetings and other meetings as requested.
• Establish 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.
• Review financial reports with Finance Committee, CEO, and Program Directors.
• Oversee billing and accounts receivable through the Maryland LTSS system.
• Establish and supervise implementation of efficient and accurate payroll procedures.
• Ensure compliance with all state, federal, and local laws pertaining to compensation for work performed.

Requirements

• Bachelor's degree in accounting, Business Administration, Finance, or a closely related field required; Master's degree strongly preferred.
• Certified Public Accountant (CPA) preferred.
• Minimum of 10 years of experience in accounting or fiscal management; not-for-profit experience preferred.
• Extensive knowledge of accounting, finance, budgeting, and planning principles and practices 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.
• Ability to motivate and hold team members accountable.
• Strong analytical, communication, and decision-making skills.
• Excellent organizational and problem-solving skills.
• Outstanding written and communication skills with strong attention to detail.

Nice-to-haves

• Experience with not-for-profit accounting practices and financial reporting.
• Knowledge of Human Resource management and oversight.

Benefits

• Competitive salary range of $150K - $170K.
• Opportunities for professional development and training.
• Health insurance coverage.
• Retirement savings plan options.
• Flexible scheduling options.