What are the responsibilities and job description for the Chief Financial Officer position at The HR SOURCE?
Responsibilities -
- Serve as the organization’s financial strategist, working with the CEO to develop and implement financial strategies aligned with Organizations mission and long-term growth goals.
- Assess financial risks and opportunities, making recommendations to improve financial sustainability.
- Lead financial forecasting, budgeting, and financial planning processes to ensure the organization can meet short and long-term financial obligations.
- Oversee the development and management of the annual budget, ensuring alignment with programmatic and operational needs.
- Ensure compliance with state and federal grant requirements, including accurate financial reporting and audits.
- Provide financial reports and analysis to grantors, funders, and government agencies as required.
- Prepare and present financial statements, reports, and key performance metrics to leadership and the Board.
- Maintain strong internal controls and financial policies to safeguard the organization’s assets.
- Ensure compliance with Generally Accepted Accounting Principles (GAAP) and nonprofit financial regulations.
- Manage cash flow to ensure financial stability and operational efficiency.
- Oversee annual financial audits and coordinate with external auditors to ensure timely and accurate reporting.
- Ensure compliance with all regulatory requirements, including IRS filings (Form 990), state grant reporting, and other financial disclosures.
- Identify and mitigate financial risks, ensuring the organization meets all legal and ethical standards.
- Supervise and mentor one direct report, ensuring the finance function operates effectively.
- Serve as a key financial advisor to the CEO on financial sustainability and resource allocation.
Qualifications - Bachelor’s degree in Accounting, Finance, Business Administration, or a related field (Master’s degree or CPA preferred).
· 10 years of progressive financial leadership experience, preferably in a nonprofit organization receiving state funding.
· Strong knowledge of nonprofit financial management, including grant accounting and compliance.
· Experience with financial software, accounting systems (e.g., QuickBooks, Sage, or similar), and financial reporting.
· Familiarity with state and federal grant regulations, including Uniform Guidance (2 CFR Part 200).
· Exceptional analytical, strategic thinking, and problem-solving skills.
Salary : $75 - $100