Maryland Nonprofits - Glenn Dale, MD
posted 3 months ago
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.