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Position Title: Director of Finance
Level: Level 2- Senior Management
FLSA Status: Exempt
Reports To: President & CEO
Primary Office: Bangor, Maine
The Director of Finance is responsible for all financial matters of EMDC and its affiliate organizations. Knowledge and understanding of Office of Management & Budget requirements for non-profits is critical. The Manager will report to and work closely with the President. In addition, s/he will partner with the senior leadership, finance committee, and the Board of Directors to develop and implement strategies across the organization. The Director will oversee all compliance, audit, and reporting requirements for government (federal and state) contracts and private grants. S/he must be able to adapt to a continually evolving environment and thrive in an autonomous and deadline-oriented workplace while managing a diverse professional staff.
1. Oversee cash flow planning to ensure availability of funds as needed.
2. Oversee cash, investment, and asset management.
3. Oversee financing strategies and activities, as well as banking relationships.
4. Develop and utilize forward-looking, predictive models and activity-based financial analyses that provide insight into the organization’s operations and business plans.
5. Oversee accuracy of lending loan portfolio and management of trust accounts.
Planning, Policy, and Stakeholder Relations
1. Coordinate the development and monitoring of budgets for multiple levels within the organization (program, departmental and organizational).
2. Develop financial business plans and forecasts.
3. Participate in corporate policy development and strategic planning of fund management and work programs as a member of senior management.
4. Engage the finance committee of the Board of Directors to develop short-, medium-, and long-term financial plans and projections.
5. Represent the organization to financial partners, including financial institutions, investors, foundation executives, auditors, attorneys, public officials, etc.
Accounting and Administration
1. Oversee the accounting department to ensure proper maintenance of all accounting systems and function; supervise EMDC’s accounting staff.
2. In concert with the CEO and Director of Lending, provide oversight and guidance to the lending functions of the organization.
3. Ensure timeliness, accuracy and usefulness of financial and management reporting for federal and state funders, foundations and EMDC’s finance committee and Board of Directors; oversee the preparation and communication of monthly and annual financial statements.
4. Coordinate successful delivery of year-end financial audit, funding agency audit and monitoring engagements, and corporate tax returns.
5. Ensure legal and regulatory compliance for areas of assigned responsibility.
6. Develop and maintain appropriate internal controls and financial procedures.
1. Experience in a senior financial management role, partnering with executive staff, resulting in the development and implementation of creative and prudent financial management strategies.
2. Significant experience with applications of non-profit accounting, including sophisticated fund/grant accounting and/or job costing, cost allocation methodologies, legal and regulatory compliance, and reporting requirements.
3. Extensive knowledge and understanding of OMB Circular A133 Audit applications.
4. Broad knowledge of computerized accounting systems including job costing applications.
5. Extensive working knowledge of MS Excel and proficient with MS Word and Outlook.
6. Excellent written and oral communication skills.
7. Demonstrated leadership ability, team management, and interpersonal skills.
8. Excellent analytical and abstract reasoning skills, plus excellent organization skills.
9. Commitment to maintaining a high standard of knowledge on accounting theory & accepted practices, audit standards requirements (independent audit, federal and state governments), generally accepted accounting principles, and federal government accepted principles & regulations.
Computer skills – Skilled in the use of computers, adapts to new technology, learns new programs quickly, uses computers to improve productivity.
Customer service – Handles customer questions and complaints, communicates with customers, handles service problems politely and efficiently, always available for customers, follows procedure to solve customer problems, understands company products and services, maintains pleasant and professional image.
Dependability – Meets commitments, works independently, accepts accountability, handles change, sets personal standards, stays focused under pressure, meets attendance/punctuality requirements.
Integrity/Ethics – Deals with others in a straightforward and honest manner, is accountable for actions, maintains confidentiality, supports company values, conveys good news and bad.
Teamwork – Meets all team deadlines and responsibilities, listens to others and values opinions, helps team leader to meet goals, welcomes newcomers and promotes a team atmosphere.
Communication – Communicates well both verbally and in writing, creates accurate and punctual reports, delivers presentations, shares information and ideas with others. Listens attentively, asks clarifying questions, stays open to other viewpoints, and manages distractions and interruptions.
Decision Making/Judgment – Recognizes problems and responds, systematically gathers information, sorts through complex issues, seeks input from others, addresses root cause of issues, makes timely decisions, can make difficult decisions, uses consensus when possible, communicates decisions to others.
Job Knowledge – Understands duties and responsibilities, has necessary job knowledge, has necessary technical skills, understands company mission/values, keeps job knowledge current, is in command of critical issues.
Leadership – Leads through change and adversity, makes the tough call when needed, builds consensus when appropriate, motivates and encourages others.
Managing Performance – Applies clear/consistent performance standards, handles performance problems decisively and objectively, is direct but tactful, provides guidance and assistance to improve performance.
Planning – Develops realistic plans, sets goals, aligns plans with company goals, plans for and manages resources, creates contingency plans, coordinates/cooperates with others.
Strategic Thinking/Management – Creates and communicates a long-term vision, balances short and long term goals, keeps own and team’s work aligned with overall goals, understands the market and can predict change, understands the industry and the competition, creates and adjusts strategic plans.
Vision and Values – Supports values and daily actions and decisions, communicates vision and values to others, generates enthusiasm, incorporates vision when planning.
BS in accounting, finance, or related field required; CPA and/or Master’s degree preferred. A minimum of 4-8 years of broad finance experience is preferred, ideally beginning in audit, followed by experience gathering and evaluating financial information and making actionable recommendations to senior leadership. The successful incumbent will ideally have experience managing finance (accounting, budgeting, control, and reporting) for a complex non-profit with multiple funding sources including government (federal and state) contracts and an affiliate structure with diverse program areas.
General business hours are 8:00 a.m. to 5:00 p.m. Monday through Friday, though exempt positions will typically require work to be performed outside general business hours. Work is generally performed in an indoor, professional office environment.
While performing the duties of this job, the employee is regularly required to sit and talk or listen, and regularly required to use a keyboard for typing. The employee is often required to stand and walk. The employee must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision and ability to adjust focus. The employee must travel to different locations and must be able to provide own transportation.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Disclaimer: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
Eastern Maine Development Corporation is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other status protected by law.
Job Type: Full-time
Pay: $63,003.00 - $99,840.00 per year
Ability to commute/relocate:
Work Location: In person
200 - 500
The job skills required for Director of Finance include Accounting, Leadership, Planning, Budgeting, CPA, Internal control, etc. Having related job skills and expertise will give you an advantage when applying to be a Director of Finance. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Director of Finance. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Director of Finance positions, which can be used as a reference in future career path planning. As a Director of Finance, it can be promoted into senior positions as a Top Division Financial Executive that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Director of Finance. You can explore the career advancement for a Director of Finance below and select your interested title to get hiring information.
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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Director of Finance jobs
Becoming a director of finance requires a combination of education and relevant work experience.
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At least 10 years of accounting and finance experience.
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