Minneapolis, MN work location preferred, but not required
The Vice President of Finance/CFO will assume a strategic role in the overall management of Praying Pelican Missions (PPM) and will have primary day-to-day responsibility for planning, implementing, managing and controlling all financial-related activities of the organization. This will include direct responsibility for accounting, finance, reimbursement, forecasting, strategic planning, job costing, legal, property management, investor relationships and partnership compliance, and private and institutional financing.
The Vice President of Finance/CFO position is accountable for the administrative, financial, and risk management operations of the organization, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve organization assets and report accurate financial results. Responsible for the development, coaching, and management of the financial services team.
Participate in the ongoing strategic planning process as an integral member of the senior management team.
Assess organizational performance against both the annual budget and PPM’s long-term strategy. Develop tools and systems to provide critical financial and operational information to the President and make actionable recommendations on both strategy and operations.
In coordination with the President, engage with the Board of Directors as appropriate around issues, trends, and changes in the operating model(s) and operational delivery. Assist in establishing yearly objectives and meeting agendas, and in selecting and engaging outside consultants (auditors, investment advisors).
Prepare and implement the annual finance plan strategy based on the organizational overall strategic plan.
Oversee long-term budgetary planning and cost management in alignment with PPM's strategic plan.
Monitor and direct the implementation of strategic business plans.
Develop financial strategies.
Develop performance measures that support the organization's strategic direction.
Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization’s operations and business plans.
Evaluate and advise on the impact of long-range planning, introduction of new programs/strategies and regulatory action.
Report financial results to the Board of Directors.
Oversee all accounts, ledgers, and reporting systems, ensuring compliance with appropriate Generally Accepted Accounting Principles (GAAP), and regulatory requirements.
Provide leadership and direction of the revenue cycle to maximize reimbursement for services including contract negotiation, documentation of services, billing, cash flow and compliance.
Procure specialized finance IT systems that meet the needs of the organization.
Oversee budgeting and the implementation of budgets so as to monitor progress and present financial metrics both internally and externally.
Coordinate all audit activities and requirements.
Coordinate the proper filing of tax returns.
Understand and mitigate key elements of the organization's risk profile.
Ensure maintenance of appropriate internal controls and financial procedures.
Oversee business insurance plans and maintain appropriate insurance coverage.
Monitor all open legal issues involving the organization, and legal issues affecting the industry.
Ensure that the organization complies with all general legal and regulatory requirements. Ensure legal and regulatory compliance regarding all financial functions.
Ensure that recordkeeping meets the requirements of auditors and government agencies.
Report risk issues to the President, along with the Board of Directors as appropriate.
Investigate audit findings and consider changes based on recommendations.
Ensure compliance with all contractual and programmatic requirements. This includes:
-Interpreting legislative and programmatic rules and regulations to ensure compliance with all federal, state, local and contractual guidelines.
– Ensure that all government regulations and requirements are disseminated to appropriate personnel.
Oversee financing strategies and activities.
Manage cash flow and forecasting. Develop a reliable cash flow projection process and reporting mechanism that includes minimum cash thresholds to meet operating needs. Optimize the handling of banking relationships and initiate appropriate strategies to enhance cash positions.
Arrange for debt and equity financing.
Invest funds, appropriate with their funding and use.
Represent the organization to financial partners, including financial institutions, investors, foundation executives, auditors, public officials, etc.
Manage the capital expenditures request and budgeting processes.
Oversee organization’s transaction processing systems.
Collaborate with operations leadership to facilitate cost analysis and due diligence for startup and development of locations.
Oversee the maintenance of the inventory of all fixed assets, including assets purchased with government funds assuring that all are in accordance with audit standards and regulations.
Oversee all purchasing and payroll activity for vendors and staff.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.
The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bachelor’s degree in Accounting or Finance from a four-year college or university. A master’s degree and/or a CPA is a plus, but not required.
Six to ten years of strategic leadership experience and/or training; or equivalent combination of education and experience. Candidates with experience in international business, government or nonprofit leadership and strong multi-site experience would be preferred.
Ability to read, analyze, and interpret technical journals, financial reports, and legal documents. Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community. Ability to effectively present information to top management, public groups, donors, volunteers, and/or Board of Directors. Ability to effectively communicate and listen in a variety of settings; formal presentations, one-on-one visits, in professional circles and more informal social settings. Must possess excellent interpersonal, communication, sales and networking skills.
Ability to apply concepts such as fractions, percentages, ratios and proportions to complex situations.
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form.
Ability to meet the scheduling requirements of the position including, but not limited to, working overtime as necessary, travel 10% – 25% of the time, possess a valid driver’s license and safe driving record to meet Praying Pelican Missions insurability requirement.
Ability to self-manage and meet deadlines.
Has a personal relationship with Jesus Christ, is engaged in a local church and has a heart for the world.
While performing the duties of this job, the employee is frequently required to stand; walk; sit; use hands and fingers to handle or feel objects; and to talk or hear. The employee is occasionally required to reach with hands and arms; climb or balance; and stoop, kneel, crouch or crawl. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and ability to adjust focus.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.
Self-paced requiring flexibility, the ability to work quickly and efficiently in an often times fast paced, emotionally demanding work environment.