VP of Finance

JOB SUMMARY: The VP for Finance is responsible for providing delbrook with an accurate, timely, and effective financial management system. This includes responsibility for internal financial controls; accounting systems, budgets and the budgeting process; internal and external financial reporting; and financial analysis and planning. The VP for Finance manages the financial operations of the organization to ensure financial health and sustainability. The VP for Finance oversees financial reporting, budgeting, forecasting, and compliance functions and tracks organizational metrics related to finances. The VP of Finance reports to the CEO who delegates responsibility with authority for the management of the Finance Department. This is an exempt position. DUTIES AND RESPONSIBILITIES: 1. Plan, organize and direct all delbrook financial policies and procedures, and implements procedures to improve efficiency and efficacy of the Finance Department. 2. Serve as a chief financial advisor to the CEO regarding all financial issues. 3. In coordination with program departments, prepare or supervise the preparation of annual operating budgets for approval by the CEO within the ends policies established by the Board of Directors (BOD). 4. In coordination with program departments and Chief Executive Officer (CEO), evaluate business models and new business opportunities in line with the agency strategic plan. 5. Ensures delbrook is in financial compliance with laws, regulations, contracts, and policies of funders and assures that regulatory changes are shared and systems are implemented to assure compliance. 6. Identify, measure, analyze, and communicate financial information used by delbrook management to plan, evaluate, and control financial operations. 7. Evaluate and advise on financial risks and opportunities to maximize the organization's short and long-term financial position. Maintain knowledge of local, state, and federal laws, regulations, policies, and practices as related to sound financial management. Understand the requirements for potential accounting, tax, and other effects of a wide range of financial transactions. Maintain a thorough and updated understanding of generally accepted accounting principles that may impact delbrook. 8. Oversees all accounts payable, accounts receivable, and financial reporting functions through supervision of the finance department team. 9. Oversee the preparation of financial reports, internal and external, including those to funding sources, regulatory and tax agencies and lending institutions. Maintain proficiency in DDS Op Plan and annual report preparation, DCF budget and annual report preparation, and Single Cost reporting requirements and procedures, and prepare or supervise preparation of these reports. 10. Maintain a positive and cooperative relationship with all major funders: DDS, DCF, DSS, DMHAS, State Department of Education (SDE), and LEAs, for both contract and fee for service arrangements. 11. In coordination with program leadership, assure procedures for compliance with Medicaid, Medicaid Waivers, and private insurance billing rules are implement with fidelity and assure audits are completed as required by funder or best practice. 12. Serve as primary liaison for independent auditors and have responsibility for timely completion of audits, form 990, and other required reports. 13. Advise on and implement investment strategies as developed by the Finance/ Investment Committee. 14. Advise on financial best practices and system improvements and provide coaching and training to Directors and Managers to help them plan, monitor, and evaluate their area budgets. 15. Perform other duties as assigned by the CEO. EDUCATION, EXPERIENCE AND OTHER QUALIFICATIONS: CPA or MBA preferred. Knowledge of accounting principles, organizational budget development and control, and proficiency in matters pertaining to all aspects of financial operations of not-for-profit organizations required. 10+ years of financial and supervisory experience required. Ability to lead Finance Department staff in achieving delbrook goals. Personal work ethic that reflects the agency's core values of compassion, collaboration, commitment, trust, expertise, and safety. Ability to work cooperatively with all members of Executive team to implement the agency's strategic plan. High motivation toward personal development; application of new knowledge and continuous improvement in all aspects of the Finance Department. Proven capability to work as a team member, responsive to organizational priorities and changing organizational needs, with other employees from diverse ethnic, economic, educational and religious backgrounds

Created: 2024-11-05