Financial Director

Overview

Location: Blackstone Valley Community Action Program, Pawtucket, RI

Position Title: Finance Director & CFO

Department: Administration

Reports to: Executive Director & CEO

Job Status: Full Time/Exempt

Positions Supervised: Payroll, Finance Admin, Others as directed

Company Profile

The Blackstone Valley Community Action Program (BVCAP) is a non-profit agency and a member of the nation-wide network of Community Action Programs. Our mission is to assist low-moderate income people and empower them to become self-reliant, responsible citizens. Our programs are funded through federal, state and local grants. For more information and to see BVCAP’s impact, please visit: (Use the "Apply for this Job" box below)./

Job Profile

The Finance Director/CFO will lead the finance and HR department committed to fiscal responsibility, transparency, and strategic growth, with the goal of maximizing a positive impact on the community served. The Finance Director/CFO is responsible for the strategic management of the accounting and financial operations of the organization, to include but is not limited to: financial reporting, budgeting, accounting, GAAP compliance, as well as the additional focus on financial strategic management, cash management, forecasting, grant management, regulatory compliance, payroll, and HR functions.

The Finance Director/CFO may also perform special projects as directed by the President/CEO. The overall goal of the Finance Director/CFO is to ensure the organization's financial health and sustainability. The Finance Director/CFO will be a seasoned, executive level, finance leader with a passion for the organization’s mission and the ability to effectively communicate complex financial information to diverse internal and external stakeholders, as directed by the President/CEO.

Financial Strategy and Leadership

• Serve as a key member of the senior leadership team, providing strategic financial guidance and analysis to support organizational growth and decision-making.
• Develop and implement long-term financial strategies and business plans that align with the organization's mission and goals.
• Analyze and report on financial performance, identifying trends, and recommending strategies to increase revenue, control costs, and improve operational efficiency.
• Advise the President/CEO on the financial implications of programmatic and strategic decisions.

Financial Management and Operations

• Oversee all day-to-day accounting and financial operations, including the general ledger, accounts payable, accounts receivable, and payroll.
• Lead the annual budgeting process and manage financial forecasting to ensure fiscal responsibility and effective resource allocation.
• Manage cash flow, investments, and banking relationships to ensure adequate liquidity and maximize returns in compliance with investment policies.
• Recommends major expenditures and responsible for semi-approval of routine expenditures within policy limitations; makes recommendations to the President/CEO regarding control and utilization of physical and financial resources.
• Ensure the integrity of all financial record-keeping systems, controls, and procedures in accordance with GAAP for non-profits.

Prepare reports and provide assistance to organization’s outside accountants, particularly at year-end.

Grant Management

• Oversee grant accounting, including application budgeting, funder reporting, drawdowns, and compliance with federal and state grant requirements.
• Ensure timely and accurate preparation of all financial reporting to funders.

Compliance and Risk Management

• Manage the annual audit process and the preparation of the IRS Form 990.
• Identify and manage financial risks, and ensure the organization adheres to all financial regulations and internal policies and controls.
• Ensure timely and accurate preparation of all financial reporting for internal management, funders, and regulatory agencies – on a regular basis, including but not limited to, monthly, quarterly and yearly.
• Continually reviews, reorganizes, and systemizes the Finance Office operation and department strategic plan.
• Maintain all files and records in accordance with accounting and…