Great opportunity for a direct hire, CFO position with a fantastic 501C3 Nonprofit in Arlington, VA.
Integral position with a "seat at the table"
and manages 2 staff.
Fantastic leadership team in place and poised for growth.
The ideal candidate has demonstrated experience in a Nonprofit environment and exposure to grants accounting. Competitive salary + great benefits and fantastic culture. Flexible work schedule with remote/work from home options. Controller/Director/VP of Accounting and Finance welcome to apply! Washington DC metro only candidates!
The Chief Financial Officer (CFO) is responsible for all aspects of the budgetary affairs including financial management, budgeting, long-range planning and forecasting, financial analysis, and internal control systems. The position is also responsible for the effective and efficient operation of accounting technology infrastructure, and government contracts in support of association-wide activities. A member of the senior management team reporting directly to the Executive Director (ED), the CFO performs a variety of advanced level accounting, technical and professional duties as needed to expedite the day-to-day financial and accounting functions related to accounts payable, accounts receivable, payroll, funding receipts and deposits, bank transfers, financial statements, various grant servicing functions as well as tax submissions. This role partners closely with the ED to ensure strategic goals can be met with available resources and ensures federal and private grant financial compliance is met.
Seeks a strategic, hands-on, and approachable financial leader with a broad background of financial experience. He/she will have the foresight, judgment, and expertise to navigate both strategic and tactical challenges.
Works under close supervision of the Executive Director and in coordination with the Chief Operating Officer. This is a full-time, exempt-level position.
Staff Accountant and any future Finance Department staff.
- Understands the mission and adheres to organization and staff core values.
- Leads all finance and accounting operations including accounts payable, accounts receivable, financial reporting, budgeting and forecasting; responsible for the optimal use of the accounting and financial systems ensuring maintenance of accurate accounting records and implements policies, procedures and processes; safeguards and manages the organization’s financial assets; ensures compliance with federal and state reporting requirements.
- Manages payroll processes; reviews time sheets and identifies potential errors; secures authorizations as needed; reports gross pay amounts, withholding and deduction amounts. Prepares all payroll related worksheets as needed to calculate, record, and report various aspects of payroll including tax withholdings, retirement contributions (403b), etc.; assures proper and timely deposits and payments; monitors sick leave, annual leave accruals; reviews 940's, 941's, W-2's, 1099's, and SUTA reports as required.
- Manages cash flow to ensure funds are available for business needs including management of surplus cash and banking relationships; supports the Board’s investment strategy and reviews performance of outside investment advisers to ensure basic investment guidelines and income objectives are met.
- Ensures timely monthly financial closing and reporting while maintaining effective internal controls to reduce the chance of error, fraud, or misstatement.
- Prepares the Association’s financial statements for the Executive Director, Treasurer, Executive Committee and the Board of Directors.
- Ensures financial and administrative compliance with all grants, including federal; prepares drawdown requests, quarterly reports and reconciliations. Monitors grants to date budget vs. actual and reports on significant variances. Prepares budget modification requests and submits to the appropriate federal agencies.
- Develops a comprehensive, supported budget that can be used as a management tool and provides meaningful comparisons to actual expenses and programmatic plans. Works with department directors to continually monitor activities and spending and ensures compliance with the approved budget.
- Responsible for the annual financial audit preparation, audit fieldwork and draft and final statement review. Coordinates activities with outside audit/accounting firms and reviews organization’s performance; also coordinates management’s response to any management comment letter items.
- Provides information and support to the Audit Committee and the Finance Committee.
- Prepares, reviews and files all association taxes – IRS 990, business property etc.
- Performs related duties as required.
1. Education and Experience
A. Graduation from college with a Bachelor's degree in accounting, finance or some other related field;
B. Eight (8) to ten (10) years of work experience in accounting, finance, budget management, or some other related field;
C. An equivalent combination of education and experience.
2. Knowledge, Skills, and Abilities
Working knowledge of 501(c)3 accounting requirements; knowledge of nonprofit specific areas such as grant accounting is required; fiduciary responsibilities, methods and procedures as governed by GAAP, GASB's, FASB's and Federal Single Audit Act; liabilities associated with management of public funds; audit processes and methods; cash flow analysis methods; public funds investment options; personal computer operations and various data and financial software applications such as Microsoft Office (Word, Excel, PowerPoint), QuickBooks Enterprise, Paylocity, etc.) Some knowledge of federal audit process to include A133; office machine and filing systems; office management practices and inter-personal communication skills.
Ability to exercise effective financial and accounting research skills; work quickly and accurately with numbers; perform advanced mathematical computations; work under time pressures in meeting deadlines; communicate effectively and verbally and in writing; develop and maintain effectively working relationship with external auditors, accounting professionals, vendors, the ED, the Board, and fellow employees.
Outstanding leadership and interpersonal skills with a management style which encourages open expressions of ideas, opinions, and a full discussion of differing points of view. Proven ability to refine and improve the organization’s capabilities in financial planning and analysis, strategic financial projections, management and external reporting, technical and investment accounting, policies, and internal control. Demonstrated track record to proactively identify, assess, analyze, and communicate financial scenarios that may affect business operations.
3. Special Qualifications
Certified Public Accountant licensure, MBA and/or federal grant management training desirable.
4. Work Environment:
Incumbent of the position generally performs in a typical office setting with appropriate climate controls. Tasks require variety of physical activities, such as walking, standing, stooping, and reaching. The position requires the ability to sit and stand for long periods of time and light lifting (25 lbs. or less). Continuous talking, hearing and seeing is required in the normal course of performing the job. Common eye, hand, finger dexterity required to perform some essential functions. Mental application utilizes memory for details, verbal instructions, strategic thinking and creative problem solving. Additional responsibilities include the input and output of data from electronic systems and the ability to operate a computer, calculator and copier/printer.
Key Internal Relationships: Executive Director, Chief Operating Officer, Staff Accountant, Program Directors, Project Coordinators, senior and staff attorneys, staff members in each of the relevant departments, and interns.
Key External Relationships: Elected and appointed officials/prosecutors, association members, partners and outside vendors, federal grant managers and auditors.