Vice President, Finance - Baltimore, Maryland, United States

Reports to: Chief Operating Officer · Direct Reports: Director of Accounting · Position Overview · The Greater Baltimore Committee is seeking a Vice President of Finance & Accounting to serve as the senior financial operations leader responsible for building and managing a financ ...

Job description

Reports to: Chief Operating Officer

Direct Reports: Director of Accounting

Position Overview

The Greater Baltimore Committee is seeking a Vice President of Finance & Accounting to serve as the senior financial operations leader responsible for building and managing a financial operation that supports Greater Baltimore Committee's transformation into the region's world class economic development organization. This position leads comprehensive financial operations including accounting, budgeting, financial reporting, and compliance management.

Reporting to the Chief Operating Officer, this position provides oversight of accounting staff and fractional professionals, supports the COO and CEO with board reporting and coordinates across the organization to ensure effective financial management and organizational fiscal health.

Key Responsibilities

Finance and Administration

·      Oversee all financial operations including budgeting, accounting, treasury management, and financial reporting for all of GBC's entities and entities that GBC employees manage. 

·      Oversee general ledger activities, reconciliation processes, and the integrity of financial data. 

·      Prepare and review monthly, quarterly, and annual financial statements in accordance with GAAP.

·      Lead comprehensive budget development, management and forecasting, ensuring organizational fiscal health. Provide financial insights and strategic recommendations to support executive decision-making and drive organizational performance.

·      Establish standardized processes for cross-departmental transaction communication to prevent risk and fragmentation.

·      Oversee banking relationships and cash flow management.

·      Manage relationships with auditors, investment managers, and fractional Controller & CFO. 

·      Ensure compliance with all financial regulations, audit requirements, and fiduciary responsibilities.

·      Support the CEO & COO with board-level reporting and management of GBC's finance-related board committees.

Talent Strategy and Staff Development

·      Provide direct supervision and management of Director of Accounting.

·      Support the COO & CEO on strategic workforce planning and organizational development.

·      Oversee compensation and benefits strategy for the organization ensuring competitive packages that attract diverse talent.

·      Foster collaborative relationship between finance and accounting professionals and the rest of the GBC staff.

·      Develop finance and accounting professional development plans and ensure continuing education in accounting and finance best practices.

·      Continue to foster a culture of excellent standard of care, continuous improvement, accountability, and compliance within the finance department.

Technology and Systems Management

·      Oversee implementation, management and upgrades of financial management systems and accounting software.

·      Support integration between financial systems and other operational systems for comprehensive reporting.

·      Partner with CEO, COO and Head of Strategic Programs & Performance on change management across the organization.

·      Coordinate with IT partner to ensure data security and system reliability for financial information.

·      Develop automated reporting capabilities and dashboard technologies in partnership with technology team.

·      Ensure backup systems and disaster recovery procedures for financial data in partnership with the technology team.

Grants Administration

·      Oversee grant application processes, compliance, and reporting requirements from a financial and accounting perspective for federal, state and philanthropic sources working across the organization.

·      Ensure robust and compliant systems as part of a comprehensive grant management process from application to win to execution to reporting. 

·      Partner with GBC staff to develop, implement and manage funding strategies and funds for collective impact priorities, including vacant housing, BLocal, and public safety

·      Manage financial-related relationships with funding partners and ensure effective stewardship of grant resources.

Compliance and Risk Management

·      Establish and oversee comprehensive compliance programs ensuring adherence to all federal, state, and local regulations.

·      Develop risk management frameworks identifying and mitigating financial, operational, and reputational risks.

·      Lead external audits and ensure compliance with all fiduciary responsibilities and reporting requirements. Work closely with auditors to ensure timely completion and efficient resolution of audit issues.

·      Implement internal controls and financial oversight procedures protecting organizational integrity.

·      Monitor regulatory changes and ensure organizational adaptation to new compliance requirements.

·      Coordinate with legal counsel on compliance matters and risk mitigation strategies.

Requirements

·      Bachelor's degree in Accounting or Business Administration with a concentration or certificate in accounting; CPA required.

·      Minimum 15 years financial management experience with at least 5 years in a senior role, preferably in economic development or business membership organization. 

·      Proven leadership skills with the ability to lead a finance team, develop staff, implement significant initiatives, and drive toward exceptional performance.

·      Deep understanding of nonprofit accounting & finance with experience in organizations with complex legal structures.

·      Experience performing accounting for lobbying activities and LLC investment vehicles.

·      Experience with financial systems implementation, budget development, and financial reporting in complex organizations

·      Demonstrated experience in complex public and private grant management, audit coordination, and implementation of financial controls.

·      Understanding of federal and state financial regulations, accounting principles and compliance requirements.

·      Understanding of finance and accounting issues related to GBC's collective impact priorities, particularly vacant housing, including fund management.

·      Experience developing high-potential staff and managing fractional finance and accounting experts to their highest value.

·      Ability to build and operationalize financial policy and risk management frameworks while managing daily operations.

·      Exceptional communication skills, both verbal and written, paired with solid active listening skills. 

·      Innovative and creative mindset – passionate about solving challenges through innovation and collaboration.

·      A team player mentality with a drive to ensure transparency with cross-functional stakeholders; capable of coordinating processes across departments and presenting and interacting with audiences at all levels.

·      Self-motivated, goal-oriented individual who manages multiple deadlines effectively with a focused attention to detail.

·      Solid time management skills and agility, able to pivot and react quickly and effectively to new and high priority needs.

·      Displays integrity and is accountable for actions and statements. 

·      Proficient in MS Office suite with advanced Microsoft Excel skills

Compensation

The salary range for this position is $175,000-185,000, commensurate with qualifications and experience, with potential for an annual bonus based on performance.  

Benefits

• Health Care Plan (Medical, Dental & Vision)
• Retirement Plan (401k)
• Life Insurance (Basic, Voluntary & AD&D)
• Paid Time Off (Vacation, Sick & Public Holidays)
• Short Term & Long Term Disability
• Subsidized Garage Parking in our Building