Summary
Description
POSITION SUMMARY
The Chief Financial Officer (CFO) is responsible for overseeing and directing all financial, accounting, and investment activities in support of Westmoreland Community Action’s mission and strategy. This role ensuring sound financial management practices that support organizational growth, financial stability, and community impact goals by directing the internal support systems necessary to assure financial and administrative accountability and managing accounting, purchasing, and cash management and banking negotiations.
RESPONSIBILITIES
Financial Management & Strategy
• Develop and implement long-range financial plans in conjunction with the Chief Executive Officer and Board Finance Committee including financial forecasting for the agency.
• Prepare monthly and quarterly financial statements and analyses and routine expenditure reporting.
• Oversee annual budgeting process to include senior management in preparation of draft for submission through Agency Chief Executive Officer to Board of Directors.
• Works with Vice Presidents and senior management to monitor adherence to annual budget throughout the year.
• Manage relationships with banks, investment managers, and other financial partners.
• Work with Staff Accountant on policies and procedures governing relations with vendors, contractors, suppliers, providers, etc. regarding goods and facilities.
• Research and propose community investment approaches that advance organizational goals.
Accounting & Compliance
• Develop and maintain internal financial and cash management policies and procedures and monitors adherence to those procedures.
• Ensure compliance with all applicable financial, accounting, legal, and regulatory requirements.
• Responsible for establishing and maintaining all accounting records and reports.
• Oversee annual audit process and work with Audit Committee.
• Manage risk for the organization, including insurance coverage.
• Negotiates for procurement of goods and non-personal services for Agency.
• Responsible for internal control procedures to ensure protection of Agency.
• Assures all Financial and Administrative Systems are correct according to contract and audit requirements.
• Maintain compliance with HIPAA regulations, in regard to accessing Protected Health Information, according to the Table of Access contained in the HIPAA Policy and Procedure Manual. Employees access is on a “need to know” basis.
• Any and all other job-related duties as assigned by the Chief Executive Officer.
Leadership & Administration
• Serve as a key member of the senior leadership team.
• Supervise and develop finance and accounting staff including developing the management abilities of assigned staff by setting goals, providing necessary training, monitoring and evaluating performance.
• Oversee costs related to employee benefits programs.
• Coordinates activities between county representatives in regard to all fiscal matters in regard to contract negations and agreements.
• Provides support or guidance to senior management teams on best fiscal practices and standards and budgeting procedures and works with the teams to understand financial reports and status of programs.
Investment Oversight
• Lead the Finance Committee to ensure compliance with Board-approved investment policies.
• Oversee and steward agency endowment relationships and planned giving income.
• Ensure timely reporting of investment activity to donors and fundholders.
• Work with Chief Executive Officer and senior management on evaluation of potential physical property investments, financial cost of these investments, and in developing maintenance reserve funds for these investments
Board Relations
• Develop strong working relationship with the Governing Board and partner with the chair of the Finance Committee on establishing agendas and reports
• Present financial reports and strategic initiatives to the Board for approval
• Collaborate with Board committees on financial and investment matters
EDUCATION, EXPERIENCE AND/OR SKILLS
1. Bachelor's Degree in Accounting required, CPA/MBA preferred.
2. Minimum of 10 years of progressive experience in financial management, with at least five (5) years in nonprofit organizations.
3. Knowledge of technology, accounting and management information systems required.
4. Strong leadership, strategic, and communication skills related to nonprofit finance, accounting and investment principles, practices, and systems.
5. Experience in design and implementation of financial procedures and controls required.
6. Knowledge of purchasing and office services procedures preferred.
7. Must have good communication skills and ability to relate well with staff.
8. Experience with charitable giving products and approaches
9. Demonstrated commitment to diversity, equity, and inclusion
10. Familiarity with the southwestern Pennsylvania philanthropic landscape preferred
REQUIREMENTS NECESSARY TO SAFELY PERFORM THE ESSENTIAL FUNCTIONS OF THE POSITION OF CHIEF FINANCIAL OFFICER.
Physical requirements – Push/pull, lift/move up to 10 pounds.
Manual dexterity – Perform moderately difficult manipulation – typing, writing, filing.
Coordination – Perform tasks which require foot and/or hand/eye coordination – driving a car, computer entry.
Mobility – Walk, stand, sit for prolonged periods of time, drive.
Speech – Articulate with extreme accuracy.
Vision – Read small print, drive a car.
Hearing – Able to receive verbal information with some background noise.
Concentration – Able to concentrate on moderate to fine detail with constant interruption.
Attention Span – Able to attend to task function for more than 60 minutes at a time.
Conceptualization – Able to understand and relate to theories behind several related concepts.
Memory – Able to remember multiple verbal and written task-assignments given at beginning of a period extending over long period of time.
Environment Conditions – Indoor work.
To be fully considered for this position, please submit the following via email to info@thecaap.org:
- Resume
- Three Professional References
- Cover Letter
- Responses to the following questions, included either in your cover letter or in a separate Word document.
- How have you solved a finance/accounting-related problem?
- Describe the types of organizational budgets that the candidate has worked on, specifically the types of revenues (federal, state, foundation, etc) and any challenges or successes that had a significant impact on the financial performance of the organization.
- How you have aided in prior roles to the financial success of the organization.
