Senior Vice President of Finance
Description
Job Summary:
The SVP of Finance is a member of the corporate leadership team and serves as the organization’s senior financial executive and strategic advisor. The SVP of Finance provides organization-wide leadership for financial strategy, accounting, budgeting, forecasting, grants finance, risk management, and regulatory compliance across the parent organization, subsidiaries, and affiliated LLCs. Reporting directly to the President, the SVP of Finance partners closely with the corporate leadership team, the Finance & Sustainability Committee, and the Board of Directors to safeguard organizational assets, strengthen long-term financial sustainability, and ensure resources are aligned with strategic priorities.
Essential Job Duties and Responsibilities: (Additional duties may be assigned)
Financial Leadership & Strategy
- Lead organization financial strategy, annual budgeting, long-range planning, forecasting, and capital allocation in alignment with organizational priorities.
- Advise the corporate leadership team and the Board of Directors on financial performance, sustainability, growth opportunities, resource allocation, and corrective actions.
- Present accurate, timely financial reports, forecasts, scenario analyses, and strategic recommendations to the corporate leadership team, the Finance & Sustainability Committee, and the Board of Directors.
- Evaluate the financial implications of major initiatives, partnerships, investments, contracts, and capital projects and recommend appropriate courses of action.
- Serve as the organization’s senior financial authority and strategic partner across departments, translating complex financial matters into clear decisions and actions.
- Champion a culture of financial accountability, innovation, collaboration, transparency, and continuous improvement across the organization.
Accounting & Financial Operations
- Oversee all accounting operations, including general ledger, accounts payable, accounts receivable, payroll accounting, treasury management, fixed assets, and monthly and annual close processes.
- Establish and oversee billing and collections policies and procedures, including invoicing, aging review, past-due follow-up, escalation, and bad debt write-offs. Lead the collections process and define Finance and relevant departmental responsibilities in coordination with those departments.
- Ensure timely and accurate preparation of monthly, quarterly, and annual financial statements in accordance with GAAP.
- Maintain strong internal controls and accounting policies to safeguard organizational assets.
- Oversee cash flow management and monitor organizational liquidity.
- Manage banking and lender relationships and recommend investment, debt, liquidity, and capital structure strategies consistent with Board-approved policies.
- Oversee financial management across a multi-entity organizational structure, including the parent organization and affiliated subsidiaries and LLCs, ensuring appropriate intercompany accounting, cost allocations, and entity-level reporting.
- Serve as the primary financial point of contact for organizational affiliates and partners, ensuring the finance department delivers the finance services provided to them accurately, on time, and in line with agreed service standards and agreements.
- Support capital project financial management, including construction budget tracking, grant draw requests, funder compliance, and capital grant administration.
Grant & Compliance Management
- Provide financial oversight across all grant and contract funding sources in partnership with the Director of Grants Management, ensuring grant financial activity is accurately reflected and compliant with all applicable requirements.
- Develop and maintain methodologies for grant allocations, indirect cost allocations, and cost recovery; lead indirect cost rate negotiations with federal cognizant agencies and auditors.
- Produce financial reporting and analysis required to support grant compliance, subrecipient monitoring, and reporting obligations managed by the Director of Grants Management.
- Partner with the Director of Grants Management and program leadership to support grant budgeting, financial planning, and spend-down strategy.
- Ensure financial records, systems, and internal controls to support compliance with all applicable federal, state, and local regulations.
Financial Reporting & Analysis
- Develop meaningful financial reporting, dashboards, and analytics that support operational decision-making across the organization.
- Analyze financial trends and communicate financial risks and opportunities to leadership.
- Monitor organizational performance against budget and bring recommended corrective actions forward when variances or risks are identified.
- Support business planning through financial forecasting and scenario analysis.
Audit, Tax & Risk Management
- Lead the annual independent audit and coordinate all audit activities, including 401k and Worker’s Compensation audits.
- Coordinate multi-entity audit preparation, ensuring accurate consolidation and entity-level financial reporting across all affiliated organizations.
- Oversee preparation of Form 990 and other required tax filings.
- Maintain effective internal controls and risk management practices.
- Ensure compliance with accounting standards, donor restrictions, and nonprofit reporting requirements.
- Lead organization financial risk assessment and present mitigation strategies, insurance considerations, and contingency plans to the corporate leadership team and the Board.
- Evaluate and communicate the financial implications of organizational risks, regulatory changes, economic conditions, and emerging trends.
Leadership & Team Development
- Build, lead, coach, and develop a high-performing finance team with clear accountability, succession planning, and professional development.
- Establish finance priorities, service standards, performance measures, and operating plans aligned with organizational goals.
- Modernize finance operations through technology, data governance, process improvement, and scalable best practices.
- Partner with Human Capital leadership on payroll accounting, benefits budgeting, compensation planning, retirement plan administration, and workforce cost strategy.