The Chief Financial Officer provides direction regarding all financial planning and accounting practices. Establishes overall accounting, budgeting and financial reporting policies and procedures to ensure effective controls are in place and to satisfy the informational requirements of GEC management, the Board of Directors, independent auditors, government and other contracting agencies, and customers.
Oversees the development of and adherence to appropriate internal control systems. Develops, maintains and disseminates fiscal policies and procedures for the organization in conjunction with the Chief Executive Officer (CEO). Periodically reviews policies and procedures to ensure compliance.
Prepares quarterly financial statements and variance reports for the GEC Board of Directors, senior management and cost center managers including balance sheets, statement of revenues and expenses, cash flow statements and supporting schedules.
Works with the executive management team to prepare and present the annual budget to the Board of Directors. Serves as the principal financial advisor to the Board of Directors and the Executive Director in the areas of budgeting, reporting and planning.
Oversees the recording and processing of all income, accounts payables, payroll and receivables. Ensures timely completion of all bank reconciliations.
Develops and oversees the implementation of long-term financial plans to ensure GEC's financial objectives are met.
Develops and maintains a system for managing fixed assets. Establishes and maintains business relationships with banks and other financial institutions.
Works with external auditors to ensure proper filing and preparation of taxes (federal, state & local) as well as other financial reports including the 990 report. Manages the annual audit including the preparation of all schedules, records and reports required to assist independent auditors in the preparation of the annual audited financial statements.
Manages cash, working capital and fund raising accounts.
Provides assistance to program directors in the timely and accurate submission of all relevant financial management and reporting documents to ensure correct payment of invoices/bills and cash flow.
Maintains open communications with superiors, subordinates, and representatives of other departments to keep them informed of events and happenings that have a financial impact on the Agency as a whole and/or specific departments.
Anticipates and influences the impact of new legislation, regulations and other trends that may affect GEC in the short-run as well as the long-run. Insures compliance with and keeps abreast of any changes to generally accepted accounting principles and in business in general through involvement in professional associations, reading materials, seminars, etc.
Attends all Finance Committee and Board of Directors meetings and manages short term agency funds in concert with Board Treasurer.
Ensures appropriate financial management of short and long-term planning of GEC's facilities (including financial oversight of facility renovations) and information technology through oversight of respective department management staff.
Works closely with the Director, Development in preparing financial schedules and reports.
Works closely with the Director, Human Resources with regard to payroll issues, fringe benefit plans, i.e., health insurance, worker's compensation, 403(b) retirement plan administration, etc.
Works with brokers and oversees other insurance policies, i.e., vehicle insurance, liability insurance, etc.
Hires, directs, evaluates and develops staff to ensure their growth and development as well as a high level of productivity and motivation. Reviews the structure of the finance division and staffing to ensure continual improvement of the efficiency and effectiveness of the department.
Assumes other special responsibilities as assigned by the CEO and/or Board of Directors and attends Agency functions as required.
Knowledge, Skills, Abilities
Knowledge and ability to follow Agency policies and procedures;
Knowledge and adherence to generally accepted accounting principles;
Knowledge and understanding of business management practices in a not-for-profit organization including operations, board relations, budgeting, planning, policy formulation, conflict resolution, public relations and governmental affairs;
Knowledge of OPWDD and SED regulations as well as no-for-profit rules and regulations relating to financial matters;
Knowledge of and ability to work with counterpart in banks and other financial institutions;
Knowledge and understanding of Agency's mission and philosophy;
Ability to define assignments or projects clearly;
Ability to adapt to potentially stressful situations;
Ability to analyze situations and data to resolve existing or potential problems;
Knowledge of government laws and regulations;
Ability to lead, delegate to and motivate others;
Ability to communicate effectively both in writing and verbally;
Ability to plan and monitor the activities of one or more areas, i.e., organizational skills;
Knowledge of department interface procedures;
Knowledge of government procurement/contracting processes;
Ability to make sound recommendations and business decisions;
Knowledge and ability to use a variety of software packages, i.e. Microsoft office, etc.;
Ability to occasionally travel and to attend evening meetings and events.
Master's degree in Business Administration and/or Public Administration, or related field. CPA preferred.
Ten (10) years' experience in accounting, and five (5) years supervisory experience, and three (3) years experience in a not-for-profit, government, charitable or health care organization. Prior OPWDD and/or SED experience preferred.
An equivalent combination of related education and experience.
About The Guild for Exceptional Children
The Guild for Exceptional Children is a not-for-profit agency that was founded in 1958 by parents and friends of people with developmental disabilities. The Guild grew from a dedicated group of parents volunteering their time to support each other to a leading-edge advocacy agency that spearheaded community living options, opening the very first group home in New York City in 1970.
Our mission is to assist children and adults living with developmental disabilities lead dignified and satisfying lives, reaching their fullest potential and assisting families in every step of their journey.