Chief Financial Officer / CFO

Cordia Resources
Bethesda, MD
Oct 05, 2017
Jobs Outside Higher Education
Businesses & Consultants
Institution Type
Outside Academe

Job Description

Leading and prominent Bethesda, Maryland based 501(c)(3) health research organization is searching for a strategic Chief Financial Officer / CFO to lead the organization's future financial development. The not for profit organization works closely with a leading federal health research agency and seeks to attract research funding, manages alliances with public and private institutions, and works with its partners to accelerate research and strategies to address public health challenges. Highly competitive compensation and benefits package.

Chief Financial Officer / CFO Position Summary:

The Chief Financial Officer / CFO will have day-to-day responsibility for planning, implementing and managing all finance and accounting related activities. The Chief Financial Officer / CFO will report to the President and work closely with the senior team. This position will include direct responsibility for strategic and financial planning, interfacing with the Finance and Audit Committee of the Board of Directors and serving as a business partner to senior staff and project leaders.

The Chief Financial Officer / CFO will implement, direct and evaluate the organization's fiscal performance; forecast, plan, develop, organize, and/or provide advice on operational and programmatic budgets; participate in the development of the organization's capital and operating plans and programs; develop various financial projections and produce financial analyses of key activities.

The Chief Financial Officer / CFO will ensure that all financial procedures, records and reports of the organization are maintained in accordance with generally accepted not-for-profit accounting principles and practices as well as oversee financial account transfers, distribution of program and grant funds, financial reporting, general accounting, accounts payable, insurance, payroll and benefits.

Chief Financial Officer / CFO Responsibilities:

  • Work with the President and senior team to develop and implement strategic plans. As part of this, develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization's operations, financial health and business plans and formulate actionable recommendations to senior leadership.
  • Engage with the Finance and Audit Committee of the Board of Directors to develop short-, medium-, and long-term financial plans and projections (five year plan).
  • Provide strategic guidance for the organization's research partnerships and scientific programs to ensure the fiscal and budgetary soundness of each program.
  • Provide analysis and guidance to the Finance and Audit Committee, President and senior team on the fiscal health of the organization, identifying opportunities and risks.
  • Oversee cash flow planning and ensure availability of funds as needed.
  • Oversee the development of the organization's budget and provide guidance and advice during its formation. During the budget year, monitor and regularly provide management budgets to the President and senior staff.
  • Oversee cash, disbursements, investments and asset management. As part of this, develop, recommend and report on the organization's investment plans and goals; ensure coordination with the Chairman of the Finance and Audit Committee; and make sure the right banking, credit and investment management relationships are in place.

  • Manage audit, accounting and reporting for the organization with the understanding that it has financial relationships with commercial firms, universities and government entities.
  • Coordinate the annual audit and proper filing of tax returns and maintain productive relationships with external auditors and tax preparers.
  • Oversee maintenance of the organization's accounting systems, evaluating their adequacy and recommending upgrades as necessary.
  • Ensure financial internal control systems and procedures to manage risk, support effective program implementation, accurate financial reports and audits free from material exceptions.
  • Ensure appropriate accounting policies are in place and understood.
  • Remain current on nonprofit audit best practices and state and federal law regarding nonprofit operations.
  • Ensure the timeliness, accuracy, and usefulness of financial and management reporting for federal, state and grantor organizations as well as the Board of Directors; oversee the preparation and communication of monthly and annual financial statements.

  • With the President, ensure the Chairman of the Finance and Audit Committee is regularly apprised of the fiscal health of the organization and is aware of key plans and operations.
  • Ensure the Finance Team is fit for purpose for the future of the organization. Supervise a team of four staff members, including a very capable Controller, with responsibility for grant payments, general accounting, accounts payable and accounts receivable.
  • Manage the organization's insurance arrangements, ensuring adequate coverage for the organization's risk profile and negotiating fair premiums for that coverage.
  • Oversee the organization's payroll and benefits program (including 403(b) program and disability coverages). Coordinate finance-related HR matters with the Director of Operations.

Chief Financial Officer / CFO Qualifications:
  • At least five years of experience as a CFO, senior financial executive (i.e. reporting to the CFO) or equivalent, preferably in a substantial nonprofit organization.
  • Masters in Business Administration or CPA certification (preferably both)
  • Experience in a senior financial-management role, partnering with executive staff, resulting in the development and implementation of creative financial management strategies.
  • Significant experience in or knowledge of nonprofit accounting principles, including sophisticated fund and grant accounting, compliance and reporting.
  • Demonstrated leadership ability, team management and interpersonal skills including the ability to plan, organize, coordinate, assign, direct and evaluate the work of professional and administrative staff.
  • Ability to deal with others in a variety of situations using tact and diplomacy.
  • Excellent communication skills (oral and written); excellent analytical and abstract reasoning skills; excellent organization skills.
  • Experience working with finance and accounting software packages; specific experience with Financial Edge is a plus. Excel modeling skills preferred.
  • Ability to appropriately handle confidential matters and information.
  • Ability to work in a changing environment and as part of a team, taking on tasks at all levels.

Highly competitive compensation and benefits package.

Company Description
Cordia Resources is a rapidly growing boutique firm focusing exclusively on accounting and finance positions. Cordia has access to expertise and business opportunities that are hard to match at any other recruiting firm. We provide all the tools needed to be successful at your job from day one: mentoring from top-notch talent; robust and relevant candidate database; exceptional marketing and business development support; on-going training opportunities, and an unparalleled network of client relationships in the Washington DC metro area.

Bethesda, MD


Thu, 21 Sep 2017 10:19:25 PDT