Chief Finance Officer

I. Duties

· Assist in formulating the company’s future direction & supporting tactical initiatives

· Manage the capital request & budgeting process

· Participate in key decisions as a member of the executive management team

· Manage any third parties to which functions have been outsourced

· Implements operational best practices

· Report financial results to the BOD

II. Responsibilities

· Monitor & direct the implementation of strategic business plans

· Oversee the company’s transactions processing systems

· Oversee the management and coordination of all fiscal reporting activities for the company including: company revenue/expense & balance sheet reports, reports to funding agencies, development and monitoring company & contract/grant budgets

· Responsible to control the cash flow position throughout the company, understand the sources & uses of cash & maintain the integrity of funds, securities and other valuable documents

· Understand all of the company’s liabilities. A company has many legal contracts, statutory & tax obligations, hidden liabilities in the form of contingencies, leases, or insurance summaries, and expectations from loan covenants and/or the board of directors

· Responsible for overseeing the budget process, collecting the inputs, and comparing the company’s actual performance with estimates (the budget)

III. Authorities

· Develop financial & tax strategies

· Develop performances measures that support the company’s strategic direction

· Participate in developing new business, specifically assist the CEO & COO in identifying new funding opportunities

· Develop and monitor policies & procedure within generally accepted accounting principles & corporate guidelines to ensure sufficient cash flow, reduced operating costs & increased revenues

· Approve all agreements concerning financial obligations, such as contracts for raw materials, IT assets, and services, and other actions requiring a commitment of financial resources