Chief Financial Officer

Job Description

JOB TITLE: Chief Financial Officer (CFO)

REPORTS TO: Executive Director

SUMMARY:

The Chief Financial Officer is responsible for all financial administration and activities of the corporation. The CFO leads all financial planning, budgeting, and forecasting for the corporation by overseeing the day-to-day accounting, recording, reporting, and internal controls of the organization. Responsibilities include financial planning, communication and relationship management, risk management, leadership and development, and compliance.

RESPONSIBILITIES:

• Direct the development and implementation of the Corporation’s financial goals, objectives, policies, and priorities
• Financial planning and analysis to identify the corporation’s financial strengths and weaknesses and propose strategic direction accordingly
• Prepare annual budget documents for submission, act as liaison with State of Rhode Island budget office and to work as necessary with the Auditor General of the State of Rhode Island
• Conduct in-depth financial analysis to support decision-making. Evaluate opportunities, strategies, and cost-saving initiatives
• Ensure compliance with all relevant financial regulations, accounting standards, and tax requirements, this includes state procurement laws and corporation policies and procedures where applicable
• Direct and supervise the administration of the finance departments including but not limited to Accounting, Purchasing, Accounts Receivable and Accounts Payable
• Develop and maintain a long-term financial plan to address the future needs of the corporation
• Lead and mentor the finance department by fostering a collaborative and high-performance culture
• Advise on long-term business and financial planning. Review planning process and suggest improvements to current methods.
• Coordinate the preparation of the Corporation’s financial statements for annual audit and work with the Corporation’s auditors supplying necessary documentation and information to facilitate the issuance of the annual audited financial statement
• Lead the development and use of best-practices and tools to ensure a well-controlled corporation with strong fiscal management, cross-team communications, and workflow
• Identify and assess financial risks and implement strategies to mitigate them
• Develop and maintain internal controls to safeguard company assets.
• Stay informed about industry trends and changes in financial regulations that may impact the corporation
• Present financial results to the leadership team and board of directors.
• Oversee the investment of the Corporation’s trust funds through coordination with legal counsel, regulatory agencies, the investment advisor, and the trust fund custodian and recordkeeper
• Provide effective management of the Corporation’s revenue bond activities
• Act as member of RIRRC’s Pension Board as well as a Trustee of the plan
• Performs other related duties as assigned by management.

SUPERVISORY RESPONSIBILITIES:

• Directly supervises the Finance Department including accounts receivable, accounts payable and purchasing departments.
• Carries out supervisory responsibilities in accordance with the organization's policies, by-laws and applicable laws, rules and regulations.
• Responsibilities include interviewing, recommend hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

QUALIFICATIONS:

• Bachelor’s degree in finance or accounting, CPA preferred
• 7+ years of experience in accounting and finance, including five years as Controller, Finance Director, VP Finance, or CFO
• Strong communication skills for collaboration with vendors, consultants, state agency personnel and senior management
• Expertise in Managerial Principles, Financial Management Principles, Practices, and Procedures, Budgeting Principles, Generally Accepted Accounting Principles (GAAP), Governmental Accounting Standards Board (GASB) Principles
• Expertise in applicable federal, state and local laws, rules, and regulations
• Proven problem-solving skills and ability to drive initiatives
• Public accounting experience
• Certified in Government Financial…