Director of Finance - Virginia Beach, United States - Robert Half International

Description

Description

The Director of Finance plays a pivotal role in overseeing the financial management and sustainability of the organization. This position requires a seasoned financial professional with a strong understanding of nonprofit accounting principles, budgeting, compliance, and strategic financial planning. The Director of Finance will collaborate closely with the Executive Director/CEO, Board of Directors, and other senior leadership to ensure the organization's financial health and integrity.

Key Responsibilities:

1. Financial Management:

• Develop and implement financial policies, procedures, and internal controls to safeguard the organization's assets and ensure compliance with regulatory requirements and best practices.
• Oversee all aspects of financial reporting, including budgeting, forecasting, cash flow management, and financial analysis.
• Monitor financial performance against budget and provide timely and accurate financial reports to the Executive Director/CEO, Board of Directors, and relevant stakeholders.

1. Budgeting and Planning:

• Lead the annual budgeting process in collaboration with program managers and department heads, ensuring alignment with strategic goals and priorities.
• Provide financial analysis and recommendations to support decision-making on resource allocation, program expansion, and fundraising initiatives.
• Develop long-term financial forecasts and scenarios to support organizational sustainability and growth.

1. Grants and Contracts Management:

• Manage financial aspects of grants and contracts, including budget development, expenditure tracking, and compliance reporting.
• Work closely with program staff to ensure accurate and timely reporting to funders and adherence to grant requirements.
• Identify opportunities for diversifying funding sources and maximizing grant revenue.

1. Audit and Compliance:

• Coordinate annual financial audits and tax filings, liaising with external auditors and ensuring compliance with GAAP, IRS regulations, and other relevant standards.
• Stay abreast of changes in accounting regulations and nonprofit financial reporting requirements, ensuring the organization's practices remain current and compliant.

1. Leadership and Team Management:

• Provide leadership and guidance to the finance team, fostering a culture of accountability, collaboration, and professional development.
• Build and maintain effective relationships with staff across departments, promoting financial literacy and accountability throughout the organization.
• Serve as a strategic partner to the Executive Director/CEO and Board of Directors, providing financial insights and recommendations to support organizational goals and objectives.

Requirements

Qualifications:

• Bachelor's degree in Accounting, Finance, Business Administration, or related field required; MBA, CPA, or equivalent professional certification preferred.
• Minimum of 5 years of progressively responsible experience in nonprofit financial management, including budgeting, financial reporting, and grants management.
• Strong knowledge of nonprofit accounting principles, regulations, and best practices.
• Experience with financial analysis, forecasting, and strategic planning.
• Excellent interpersonal and communication skills, with the ability to effectively interact with diverse stakeholders.
• Demonstrated leadership ability, with experience leading and developing high-performing teams.
• Proficiency in financial management software and Microsoft Excel; experience with nonprofit accounting software or ERP preferred.
• Commitment to the mission and values of the company