Director OF Finance Upper Marlboro, MD

DIRECTOR OF FINANCE job at The Foundation Schools. Upper Marlboro, MD.

FULL TIME

Salary Range: $110,000 to $160,000

The Director of Finance reports to and works closely with the Chief Executive Officer, works with the Board of Directors, and participates as an integral member of the senior management team by collaborating with others. They are responsible for all financial and fiscal management aspects of The Foundation Schools operations to ensure economic growth and sustainability. The Director of Finance must understand federal, state, and county special regulatory guidelines as they relate to the compliance of financial planning and reporting.

They keep abreast of changes in regulations and ensure the organization's compliance. They monitor short- and long-range strategic planning, develop analytical work to support decision-making processes and maximize financial performance, oversee cash administration and management, and provide critical financial insight and strategic support to the CEO, Board of Directors, Senior Management Team and Audit/Finance & Investment Committee. They develop and manage the school’s budget and track expenses and revenue to ensure expense controls align with revenue projections to maintain financial stability.

They manage, support and act as a back-up the finance department and provide supervision to their team to maximize organization and prioritization of workload and job assignments to ensure compliance with regulations, deadlines and procedures. Prepare comprehensive financial reports for the Board, Auditors, Finance & Investment Committee, and the MSDE Budget and billing reconciliation. Provide support to ensure transparency and accuracy.

Supervises: Direct supervision of all employees in the finance department and other staff or departments as assigned by the Chief Executive Officer

Financial Planning and Analysis

• Prepare and submit the annual budget rate application package to the Maryland State Department of Education (MSDE) following their established rate setting methodology to calculate tuition rates as well as other counties and funding source annual approval process
• Prepare and submit the annual budget for other funding activities and programs with Counties such as Montgomery County Public Schools
• Develop and prepare annual operating budget for CEO and Board approval
• Oversee the implementation of the organization’s operational budget and prepare financial analysis reports to monitor achievement of The Foundation Schools financial objectives on department and/or monthly basis including analytics for CEO and others on the senior management team
• Work with the CEO, board of directors and members of staff to provide consultative support to planning initiatives through financial and management information analysis, reports and recommendations
• Monitor enrollment and program staffing comparative to the budget and provide recommendations to the CEO to avert a negative bottom line
• Collaborate with the Information Technology Director in the design and implementation of an IT plan for the organization, allocating resources for the procurement of hardware and software that will meet organizational requirements
• Oversee all department budget development and monitor all purchases and payments
• Work with the Director of Communications & Development in the planning and implementation of fund-raising strategies as well as working on grant reporting
• Develop and maintain capital budget for each fiscal year with collaboration with Director of Operations, Director of Technology and/or CEO

Accounting and Administration

• Enhance, develop, communicate, implement and enforce finance department policies, procedures and practices
• Ensure compliance with appropriate internal controls and financial procedures, and that record systems are maintained in accordance with GAAP
• Ensure legal and regulatory compliance regarding all financial functions
• Review and approve all month-end closing activities, including general ledger maintenance and balance sheet reconciliation
• Oversee the preparation of monthly financial statements in a timely manner
• Analyze and…