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Chief Financial Officer - Newport News, United States - Principle Strategies LLC
Description
Job Title:
Financial Manager
Organization:
LINK (Nonprofit Volunteer Organization)
Location:
Newport News, VA
About LINK:
Founded in 1990, LINK is a nonprofit volunteer organization based in Newport News, VA.
With a vision to break the cycle of poverty, LINK collaborates with leaders from interfaith, civic, and business communities to provide education, direct services, advocacy, and outreach programs.
Over 130 organizations work together to provide coordinated services to those in need.Job Description:
As a Financial Manager at LINK, you will play a critical role in overseeing the financial health and integrity of the organization.
Reporting to the Executive Director, you will be responsible for financial planning, budgeting, reporting, analysis, cash flow management, grant and contract management, internal controls, and compliance.
Responsibilities:
Financial Planning and Budgeting:
Develop and maintain the organization's annual budget in collaboration with the executive team and program managers.
Monitor budget execution, analyze variances, and provide regular reports to management, highlighting areas of concern or improvement.
Assist in the preparation of funding proposals and grant applications, ensuring financial requirements are accurately reflected.
Financial Reporting and Analysis:
Prepare monthly, quarterly, and annual financial statements in accordance with generally accepted accounting principles (GAAP) and organizational policies.
Conduct financial analysis to identify trends, risks, and opportunities, and present findings to the executive team and board of directors.
Cash Flow Management:
Develop and implement effective cash flow management strategies, including cash flow projections, monitoring of receivables and payables, and optimizing cash reserves.
Oversee the preparation and processing of payments to vendors, employees, and other stakeholders, ensuring accuracy and adherence to internal controls.
Grant and Contract Management:
Collaborate with program managers to ensure compliance with financial terms and conditions of grants and contracts.
Maintain an accurate record of grants and contracts, including reporting requirements, deadlines, and deliverables.
Prepare financial reports for grantors and funding agencies, ensuring compliance with grantor guidelines and regulations.
Internal Controls and Compliance:
Establish and maintain effective internal control systems to safeguard organizational assets and ensure compliance with financial policies and procedures.
Conduct regular internal audits to assess compliance with financial regulations, identify risks, and recommend corrective actions.
Stay updated with relevant financial regulations, accounting standards, and best practices in nonprofit financial management.
Documentation and Recordkeeping:
Maintain organized and accurate financial records, including invoices, receipts, and financial reports.
Store and secure financial documents in accordance with legal and regulatory requirements.
Establish a recordkeeping system to ensure easy retrieval of financial information when needed.
Training and Development:
Stay updated with industry best practices and changes in financial regulations.
Attend relevant training programs, seminars, and workshops to enhance financial management skills.
Provide training and guidance to staff members on financial policies, procedures, and systems.
Revision and Approval:
Ensure all financial procedures and documentation are reviewed, revised, and approved as necessary.
Qualifications:
Bachelor's degree in Finance, Accounting, Business Administration, or related field (Master's degree preferred).
CPA or CMA certification highly preferred.
Minimum of 5 years of experience in financial management, preferably in the nonprofit sector.
Strong knowledge of nonprofit accounting principles, GAAP, and financial reporting standards.
Proficiency in financial software and MS Office Suite.
Excellent analytical, communication, and leadership skills.
LINK is an equal opportunity employer and welcomes candidates from diverse backgrounds to apply.
Job Type:
Full-time
Pay:
$80, $85,000.00 per year
Benefits:
Dental insurance
Health insurance
Paid time off
Vision insurance
Schedule:
8 hour shift
Monday to Friday
Work setting:
In-person
Application Question(s):
How many years of experience do you have in financial management, particularly in the nonprofit sector?
Ability to Relocate:
Newport News, VA:
Relocate before starting work (Required)
Work
Location:
In person
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