Assistant Vice President Finance

The Baltimore Development Corporation (BDC) is the economic development agency for the City of Baltimore. Our mission is to grow the city’s economy in an inclusive manner by retaining, expanding, and attracting businesses and promoting investment, thereby increasing career opportunities for residents. BDC is committed to a more equitable economy by supporting minority and women-owned businesses and promoting investment in neighborhoods that have been negatively impacted by institutional racism and/or generational poverty.

We develop strategies and facilitate collaboration among our partners to intentionally create an inclusive and equitable economy.

The City of Baltimore Development Corporation (BDC) is seeking an Assistant Vice President, Finance who will perform a variety of accounting, finance, and administrative duties for BDC, the city’s official economic development agency. Under the supervision of the VP of Finance, the Assistant Vice President, Finance ensures the accuracy, integrity, and compliance of financial transactions and reporting, aligning with BDC’s mission.

The role requires proficiency in non-profit accounting principles, grant management, and a commitment to transparency and fiscal responsibility.

• Prepare and process general ledger entries, reconcile various accounts to include bank reconciliations, assist with month-end and year-end closing processes.
• Prepare accurate and timely consolidated financial statements, reports, and budgets for BDC including its subsidiaries.
• Analyze financial data to provide insights and recommendations for strategic planning and decision making.
• Prepare and submit Sales and Use tax reports.
• Prepare additional reporting as required by City, State, and Federal Agencies.
• Assist with preparing Annual and Capital Budgets.

• Manage and track funds received from various grants, ensuring strict compliance with donor restrictions and grant requirements.
• Allocate costs to appropriate programs, activities and prepare grant-specific financial reports for funders.

• Assist with overseeing the accounts payable process, including invoice processing, vendor payments, and expense tracking.
• Assist with overseeing the accounts receivable, ensuring timely collection of revenues.

• Help establish SOPs that will monitor internal controls to safeguard the corporation’s assets, prevent fraud, and ensure the accuracy of financial data.
• Assist with the coordination of annual external audits, providing accurate financial records and documentation.
• Ensure compliance with all relevant tax laws and regulations for a non-profit organization. Including IRS Form 990 compliance and preparation, and federal/state regulations.

• Support the VP, Finance, by monitoring payroll entries and cash flow management functions.
• Work Closely with off-site accountants to oversee City owned property.
• Collaborate and maintain relationships with contractors to provide a smooth tracking of expenditure and payments for projects.
• Assist with tracking covenant compliance items to provide timely information
• Maintain an efficient tracking system for all transactions to be reviewed and paid.
• Prepare letters to coordinate information to and from Trustees.
• Participation in City Events as needed.
• Assist with ongoing system implementations.
• Additional duties and projects may be assigned as needed.

• Strong analytical, critical thinking, and organizational skills.
• Detail-oriented and highly accurate.
• Proficiency with accounting software and Microsoft Excel to include Pivot Tables, Lookups, andIF functions.
• Excellent communication and teamwork skills.
• Knowledge of federal and state financial regulations.

• Bachelor’s degree in accounting, Finance, or a related field.
• High-level financial reporting and analysis experience preferably within a non-profit, government, or economic development environment.
• Knowledge of non-profit accounting principles, including fund accounting.
• Experience with grant management is highly desirable.

• Workplace Setting:
  The…