Chief Financial Officer
A NC Non-Profit is looking for a Chief Financial Officer. The non-profit corporation (NPC) conducts and supports research and educational activities.
Objective: The Chief Financial Officer is a critically important member of the management team who will manage, oversee and report on all financial and accounting activities. The desired candidate will have a proven track record of growth and development, and most importantly, will have demonstrated principled, ethical leadership throughout their career. The NPC currently employs some 150 individuals and manages roughly $20 million in research funding.
This is a full-time position. Position is primarily in person, with option to work remotely one day per week.
Required Qualifications:
- Bachelor's Degree in Business Administration, Accounting, Finance or related field; MBA preferred. CPA highly desirable.
- 5-10 years of experience managing financial functions for a for profit or nonprofit corporation, showing growth and increasing responsibilities during career.
- Ability to work independently and manage multiple projects and priorities in a complex, fast-paced environment.
- Proficient in current computer software programs including Work, Excel, SharePoint and Outlook, among others.
- Ability to quickly learn and use fund accounting with multiple accounting software programs, including Sage/Intacct and ADP.
- Outstanding communication skills with the ability to clearly communicate orally and in writing, as well as established presentation skills.
- Excellent planning, prioritizing, accuracy, and organizational skills.
- Eligible to work in the United States for any employer.
Primary Job Duties:
- Maintain sound internal controls within the NPC (Non-Profit Corporation), in accordance with the following publications and documents:
- GAO’s (Government Accountability Office) Standards for Internal Control in the Federal Government.
- GAAP (Generally Accepted Accounting Principles).
- Attend all Board meetings either in person or remotely with no restrictions placed upon their reasonable access to Board Members.
- Handle or manage all financial accounting functions, including:
- Regular monthly financial statements to the Board and other management users.
- Monthly budget reporting with explanations of significant variances to the Board and other management users.
- Analyze and forecast revenues and expenses for optimal asset management.
- Review and approve all cash disbursements - accounts payable.
- Review and reconcile all receivables - accounts receivable.
- Oversee cash flow and management of financial assets, including liquid cash and investments.
- Review and collaborate on contracts and awards.
- Manage salary structure, table of organization, and identify issues to ensure accuracy, with awareness of performance periods and budgeted salary costs.
- On a monthly basis, maintain and update Federal Budget Expense Comparison spreadsheets for assigned Investigators, if applicable, to prevent overspending of budgeted amounts on federally funded projects.
- Review and notify Accounts Payable staff and Investigators of low budget amounts to prevent payment of expenses over allowed amounts.
- Monthly reconciliation of Investigators’ project accounts to the General Ledger summary account.
- Monthly reporting of project account details and balances to the Principal Investigators.
- Periodic, at least annual, direct confirmation of the Principal Investigators’ project accounts and follow-up of all noted discrepancies.
- At least monthly reporting to the Executive Director and Board of administrative reserve and other discretionary funds not earmarked for research or education projects or Investigators’ residual accounts.
- Plan and conduct year-end audits by the Board-selected, independent auditing firm. Support periodic selection of new auditing firms.
- Assist Executive Director with NPPO and A133 audits and interface directly with auditing teams.
- Prepare Schedule of Federal Expenditures (SEFA), if applicable.
- Assist the Executive Director with preparation and submission of indirect cost rate proposals, if applicable.
- Prepare Workers Compensation annual audits.
- Prepare 941 Reports, to certify that accounting program balances to payroll reports.
- Prepare and submit annual 5500 audits for certification of 403(b) activity, participation and eligibility, if applicable.
- Interact and attend meetings as needed with Principal Investigators, study staff and other parties for continuity of process and accuracy of billing and study accounts.
- Supervisory duties include supervision of A/P and A/R personnel.
- Report significant internal control lapses and irregularities to IMR Board and appropriate regulatory bodies, as required by federal guidelines.
- Periodic, at least annual, evaluation of IMR’s internal controls using NPPO tools; certify those evaluations to the IMR Board and NPPO.
Physical Requirements:
The physical requirements and activities that are required to perform the essential functions of the position include, but may not be limited to, as follows: Must be able to occasionally lift, pull and push a minimum of 25 lbs., stand for extended periods of time, sit for extended periods of time, squat, kneel, and stoop, regularly use fingers, hands for computer work.
Salary Range: $90,000 - $110,000 per year
Supervisory Controls: The position of Chief Financial Officer falls under the direct supervision of the Executive Director.
Closing Statement: This position description for the position of Financial Officer is not an all-inclusive description of job duties. Other job duties and responsibilities may also be assigned by Management at any time based on business needs.
Employees must undergo a federal background check and may require drug testing.
Equal Opportunity Employer, including disabled persons and Veterans.
Job Type: Full-time
Pay: $90,000.00 - $110,000.00 per year
Benefits:
- Dental insurance
- Employee assistance program
- Health insurance
- Life insurance
- Paid time off
- Retirement plan
- Vision insurance
Schedule:
Ability to commute/relocate:
- Durham, NC 27705: Reliably commute or planning to relocate before starting work (Required)
Work Location: In person