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CFO

Location: Washington DC Region
Category: Executive
Employment Type: Contract
Contact: fad.dc@hirestrategy.com

This HireStrategy client is currently seeking a temporary Chief Financial Officer to be responsible for all financial activities including, management and reporting, budget, general accounting, billing, grants financial management, adherence to the Federal Acquisition Regulations, and ensuring that the annual audit is performed in accordance with OMB Circular A-133 and/or other applicable regulatory standards. He or she will provide counsel and support to the CEO and the Board of Directors, including the Audit and Finance Committees on all financial, and audit matters.

 

The temporary CFO will be a member of the Executive Team, which leads strategy development and implementation, and will bring a strategic perspective to the finance functions, processes and structure. As temporary CFO, he or she will oversee the work of a team of finance professionals that includes the HQ Finance Director. The successful candidate must be capable of integrating quickly and smoothly into the finance team and senior management. The temporary CFO will work with the Board, program managers and directors, and finance staff in a supportive and direct manner. He or she will have strong interpersonal skills, excellent written and verbal communication skills, a collaborative management and engagement style, and a proactive approach to team development and to identifying and addressing challenges.

 

Primary Responsibilities:

  • As a member of the Executive Team, provide leadership, while maintaining the integrity of accounting procedures, records, internal controls, providing financial reporting, analysis, experience and expertise to help the Executive Team develop and implement the strategies to advance the organization’s mission and vision into the future.
  • Prepare and manage the organization's annual budget. Develop and coordinate the budgeting process and timetable, synchronizing it with strategic planning and annual planning. Work with Executive Team colleagues to develop annual financial goals for the individual divisions.
  • Implement and manage the indirect rates (NICRA) to ensure full cost recovery throughout the organization.
  • Along with Grants & Contracts, support new business development through pricing reviews and strategies.
  • Develop and regularly prepare relevant Board and Executive Team financial management dashboards and key highlights. Interpret the financial analysis and dashboard for use of the Executive team and Board members in timely decision making.
  • Ensure the financial management system and reports are updated to support management and Program reporting needs.
  • Develop and implement policy and procedures for accounting, finance, budget, investment, and audit systems.
  • Oversee preparation and submission of timely monthly, quarterly, and annual financial reports, annual audit, IRS Form 990, annual A-133 audit, bi-weekly payroll, W-2, and all other required financial reporting forms.
  • Oversee/manage relationships with external entities including banks, investment advisors, licensing and accrediting organizations, state charity registrations, insurance carriers, and external auditors.
  • Provide primary support to the Finance and Audit committees of the Board of Directors and to various ad hoc committees of the Board as needed, working closely with the Board leadership and the CEO.
  • Develop and implement financial and compliance risk identification and controls, systems and procedures for effective operations and timely monitoring and reporting.
  • Supervise and mentor the Directors and Managers of Finance and Project Accounting teams.

 

Qualifications:

  • Certified Public Accountant. A Master's Degree from an accredited university in finance, management, accounting or a related field is preferred.
  • Minimum of ten years of senior management experience in a medium-to-large sized organization, with significant budgeting, accounting and reporting responsibility. Previous experience as CFO of a small organization or as Controller of a large organization preferred.
  • Experience working for an international development organization.
  • Five years with U.S. government grants and contract procurement and compliance required.
  • Significant experience with US Government indirect rate and pricing methodologies, particularly with USAID, especially overseas NGO work. Experience with other donors and international clients is highly desirable.
  • Knowledge of specialized nonprofit industry accounting practices and procedures.
  • Strong quantitative analysis capabilities, with the ability to read, analyze, interpret and explain complex financial data