OVERVIEW OF POSITION: The Chief Financial Officer is responsible for the oversight and fiscal management of an annual budget of $25M. In this highly visible leadership role, the CFO is tasked with creating growth, reducing costs, and maximizing the organization's financial performance.
The Chief Financial Officer will report directly to Chief Executive Officer (CEO), and lead a team of accounting and payroll professionals, managing the day-to-day financial and accounting operations, including AP/AR; preparation of financial statements, updating and documenting accounting processes; payroll functions, and the creation of a comprehensive set of controls and budgets to mitigate risk, enhance accuracy and ensure results are reported in a timely manner.
Ardmore believes that all employees should be committed to supporting the organization's mission of ensuring quality support services are provided and people with intellectual and developmental disabilities are both respected and afforded opportunities to choose and participate in and access community events, activities, and resources.
DUTIES AND RESPONSIBILITIES
Financial Management and Leadership
- Analyze and present financial reports in an accurate and timely manner; clearly communicate monthly and annual financial statements; collate financial reporting materials, and oversee all financial, project/program and grants accounting.
- Oversee and lead annual budgeting and planning process in conjunction with the Senior Leadership Team and CEO; administer and review all financial plans and budgets; monitor progress and changes; and keep Senior Leadership team abreast of the organization's financial status.
- Coordinate and lead the annual audit process, liaise with external auditors and the finance committee of the board of directors; assess any changes necessary.
- Effectively communicate and present the critical financial matters to the Finance Committee and Board of Directors
- Implement a robust fiscal management and reporting system; ensuring accurate financial data and cash flow are steady and support operational requirements.
- Oversee billing and accounts receivable through the Maryland LTSS system.
- Partner in developing and evaluating organization strategy with a focus on financial and operating performance.
- Lead a finance team that is highly efficient and productive, facilitating cross-training, and ensuring transparency for business continuity.
- Partner with service directors to plan changes in funding structures and development activities.
- Analyze operational issues and evaluate their impact on the financial exposure of the agency elevating any concerns to the CEO.
- Update and implement all necessary business policies and accounting practices; improve the finance department's overall policy and procedure manual.
- Close the fiscal year, balance internal accounting program with independent audit and Form 990.
- Monitor and keep up to date internal controls and fraud prevention.
- Remain current on regulations, industry trends and practices and applicable financial reporting laws ensuring the organization operates within full compliance of the law.
- Participate in Board of Directors meetings and other meetings as requested.
- In collaboration with CEO and Director of HR, participate in the annual insurance renewal.
Accounting
- Establish and supervise implementation of efficient and accurate accounting systems.
- Gather, organize, and maintain all records of revenue and expenditures.
- Review and approve preparation and finalization of monthly and annual financial reporting materials.
- Review financial reports with Finance Committee, CEO and Program Directors
- File all reports to funding sources in a timely fashion.
Payroll Operations
- Establish and supervise implementation of efficient and accurate payroll procedures.
- Maintain accurate payroll related records.
- Ensure that all staff are compensated accurately and on time.
- Ensure the timely payment of all taxes and benefit premiums.
- Assure compliance with all state, federal and local laws pertaining to compensation for work performed.
KNOWLEDGE, SKILLS, AND ABILITIES
- Strong analytical, communication, and decision-making skills that will drive the financial performance of the organization.
- Excellent organizational skills.
- Excellent problem-solving skills and ability to prioritize.
- Outstanding written and communication skills
- Strong attention to detail,
EDUCATION AND EXPERIENCE
- Bachelor's degree in accounting, Business Administration, Finance, or a closely related field required; Master's degree strongly preferred
- Certified Public Accountant (CPA) preferred
- Must have a minimum of 10 years of experience in accounting or fiscal management; not-for-profit experience preferred.
- Extensive knowledge of the principles, practices and procedures of accounting, finance, budgeting and planning for a not-for-profit agency
- Knowledge of Development Disability Administration funding and billing preferred.
- Must be a strategic thinker with the ability to conceptualize an act upon the agency's financial objectives and operationalize these objectives.
- Ability to motivate and hold team members accountable.
- Demonstrate knowledge of laws, procedures, regulations, and best practices relating to not-for-profit accounting practices and financial reporting.
REQUIRED CONDITIONS OF EMPLOYMENT
- Must be able to bend, kneel, push, and pull.
- Must meet eligibility for employment within the United States. (Provide appropriate I-9 documentation on the first day of employment).
- Must possess and maintain a good driving record and have access to a reliable vehicle.
- Must maintain training compliance as required.
- Must have a clean criminal history.
- Must be able to pass a drug screening.
- COVID-19 Considerations: Ardmore Enterprises had a mandatory COVID-19 vaccination policy. All employees are required to be vaccinated, unless a religious/medical exemption is requested.
Salary Range - $150K - $170K
Qualifications Skills
Required Observant Expert
Communication Expert
Critical Thinking Expert
Strong Work Ethic Advanced
Problem Solving Advanced
Behaviors
Required Leader
Leader : Inspires teammates to follow them
Functional Expert
Functional Expert : Considered a thought leader on a subject
Detail Oriented
Detail Oriented : Capable of carrying out a given task with all details necessary to get the task done well
Dedicated
Dedicated : Devoted to a task or purpose with loyalty or integrity
Motivations
Required Ability to Make an Impact
Ability to Make an Impact : Inspired to perform well by the ability to contribute to the success of a project or the organization
Work-Life Balance
Work-Life Balance : Inspired to perform well by having ample time to pursue work and interests outside of work