Position Description
Chief Financial Officer (CFO) is a full-time exempt position that reports to the Chief Executive Officer (CEO) and serves as the financial advisor to management on issues including budget; audit; revenue and expenditures; government and contracts management; internal and external financial risks. The CFO leads the customer service-oriented finance department that supports multiple departments and functions. Direct reports include the Director of Facilities, Contracts Administrator, and the Finance Executive Assistant.
CFO Responsibilities
Fiduciary Role
Coordinate annual operating plans and budgets; lead performance management process that measures and evaluates progress against goals for the organization.
Enhance the flow of financial and operational information; ensure best practices, and maintain internal controls.
Oversee audits and tax filings for 3 entities.
Develop a system that provides the organization with quick access to financial information, enables strategic budgeting, and exceeds best practices.
Inform and advise the CEO and the Board of Directors on financial matters relevant to the governance of the organization, and advise senior management on short- and long-term strategic financial decisions.
Use business and financial expertise to assess risk in potential programs and organizational commitments, produce and disseminate superior financial information, maintain internal controls and other safeguards.
Lead financial planning and analysis, internal controls, budget development, fiscal management and Investment planning.
Effectively communicate with internal and external stakeholders including clients, funding sources, other resource providers and regulators.
Review contracts and legal agreements to ensure BOPA’s best interests are represented, that legal compliance is in full-force, and that contractual terms meet organizational goals while minimizing BOPA’s liability.
Assist in the preparation and review of financial information needed for grant proposals and reports.
Constantly monitor and supervise financial checks and balances.
Organization
Participate in events sponsored or supported by BOPA, such as Artscape, Light City, Book Festival, Farmers’ Market, Farmers’ Market Bazaar, etc.
Manage off-site business development programs and facility operations including the Top of the World Observation Level, Cloisters Castle, Bromo Seltzer Arts Tower and School 33 Art Center ensuring strong earned revenue components, appropriate staffing, and high-quality business models. Off-site management includes cash receipts/management from proceeds of ticket and merchandise sales.
Demonstrate a strong commitment to Baltimore City.
Board Responsibilities
Report financial information
Part of Finance and Audit Committee
,Minimum Qualifications
Throughout BOPA’s financial system, the CFO is expected to comply with appropriate Federal, State and GAAP accounting regulations. Highly qualified candidates will be mission-focused, strategic and process-minded with the following experience and qualifications:
10+ years’ progressive leadership experience in an accounting department or other financial environment, preferably with a nonprofit or government organization of similar size.
Thorough understanding of nonprofit finance, systems, and HR; broad experience with the full range of business functions and systems, including strategic development and planning, budgeting, business analysis, finance, information systems, human resources, and marketing.
Knowledge of government procurement, compliance, and contracting regulations.
Leadership presence and ability to work well with the Chief Executive Officer, Board, management team and staff.
Excellent communications and analytical skills, and ability to craft reports tailored to a wide variety of audiences, including private and government funders, board members, and program managers.
Ability to present written and oral financial information at Board and senior management meetings.
Excellent organizational and decision-making skills, with a history of prioritizing work for staffs and departments, and ability to motivate and lead a team.
Working knowledge of accounting for overhead and indirect cost rate negotiation.
Nonprofit accounting expertise preferred.
Experience with computerized financial systems.
Track record of successfully overseeing efficient, accurate and timely quarterly closings, annual audits, and production of financial statements and reports.
Bachelor’s degree in accounting or related field; CPA preferred.
Compensation
Salary commensurate with experience
BOPA offers a robust benefits package including medical, vision, dental, life, 403B retirement plan with employer match, vacation, sick leave and, transportation subsidy.
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