VP & Chief Financial Officer

HR Affiliates • Jeffersonville, Indiana, United States • $130k - $150k / year • 2m ago

We are assisting our client with the hiring for a Chief Financial Officer.

The CFO is responsible for directing the fiscal functions of the corporation in accordance with generally accepted accounting principles (GAAP) issued and enforced by the Financial Accounting Standards Board (FASB), the Governmental Accounting Standards Board (GASB), the Securities and Exchange Commission (SEC), and other regulatory and advisory organizations. Perform tasks as requested by, and held directly responsible to, the President/CEO.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Plan, develop, organize, implement, direct and evaluate the organization’s fiscal function and performance
- Monitor all corporate accounting and finance to ensure proper record of accounting data

Initiate the development of the corporation’s financial plans and programs as a strategic partner
- Coordinate annual preparation and consolidation of the operating and fixed asset budget for the Fiscal Year
- Responsible for leading the budget process for both companies (NHS & NHDS), including but not limited to; forecasting, analyzing, and managing the operating budget of the corporation, including the preparation of the annual budget spreadsheet, review/revision of annual budgets for both companies, and education of managers regarding financial issues that impact their budgets
- Review budgets for grant proposals

Evaluate and advise on the impact of long-range planning, introduction of new programs/strategies and regulatory action

Develop credibility for the Fiscal Department by providing timely and accurate analysis of budget, financial reports, and financial trends in order to assist the President and CEO, the Board, and other senior executives in performing their responsibilities
- Prepare monthly the following reports for the President, Chief Operating Officer and Finance Committee:
- Monthly Income Statements for the Corporation and its respective entities
- Balance Sheet regarding debt and cash reserves
- Cash Flow statements
- Aging analysis for various accounts, receivable and payable
- Review and analyze all requests for corporate financial resources for recommendation to the CEO and Finance Committee

Enhance and/or develop, implement and enforce all policies and procedures of the organization by way of systems that will improve the overall operation and effectiveness of the corporation
- Conduct the annual corporate audit for both companies, conducted by a public accounting firm, by being present during the audits and reviewing reports/findings
- Ensure adherence to the Fiscal Policy of the Corporation throughout its respective divisions
- Maintain confidentiality regarding all personnel and financial matters of the Corporation

Provide strategic financial input and leadership on decision making issues affecting the organization; i.e., evaluation of potential alliances, acquisitions, mergers, entrepreneurial ventures and pension funds, investments and strategic planning

Optimize the handling of bank and deposit relationships and initiate appropriate strategies to enhance cash position

Develop a reliable cash flow projection process and reporting mechanism, which includes minimum cash threshold to meet operating needs, and managing the loans and cash needs of both companies

Be an advisor from the financial perspective on any contracts into which the Corporation may enter

Evaluation of the Fiscal Department structure and team plan for continual improvement of the efficiency and effectiveness of the group as well as providing individuals with professional and personal growth with emphasis on opportunities (where possible) of individuals

Review and approve monthly reconciliations, financials, and analysis prepared by the Controller

Coordinates with the HRD to prepare the annual 401(k) allocation spreadsheet for testing and to calculate matching dollars

Review property taxes, 990’s, and tax returns for both non-profit corporations and all our partnerships

Maintain current annual reporting requirements for all corporations

Review all tax credit projects for cash flow and profitability for housing

Ensures review and approval of payroll tax reports provided by ADP

Coordinates the approval to transfer funds for the NHS and NHDS biweekly payrolls with HR and serves as back-up payroll processor, along with Controller, in the event both primary processors in HR are unavailable

Coordinates with IT Systems Administrator to assess and manage potential security risks to ensure the reliability and security of NHS computer systems and data, as well as maintains a process to identify and plan for current and future IT needs of the organization

GENERAL DUTIES