What are the responsibilities and job description for the Assistant Chief Financial Officer position at Ohio Valley Opportunities?
Company Overview
Ohio Valley Opportunities, Inc. (OVO) is a dedicated Community Action Agency committed to empowering low-income households and fostering community development across multiple counties. Since its founding in 1965, OVO has been a leader in delivering innovative, outcome-driven programs that promote self-sufficiency, improved living conditions, and strong family support systems.
Ohio Valley Opportunities is seeking an Assistance Chief Financial Officer(ACFO) for our Madison, Indiana office. The ACFO is a mission-critical leadership position responsible for safeguarding the integrity, accuracy, and strategic value of OVO’s fiscal operations.
This position is a critical part of the compliance-driven aspects of non-profit fund accounting. The ACFO manages complex cost allocations across multiple federally funded programs and provide the financial insights that guide organizational growth and sustainability.
Essential Duties & Responsibilities
- Demonstrate mastery of GAAP and 2 CFR 200 Uniform Guidance.
- Execute and monitor complex cost allocation plans to ensure accurate distribution of expenses across multi-funded programs.
- Conduct monthly reviews of all general ledger accounts, maintaining clear audit trails that uphold OVO’s commitment to transparency.
- Assist with preparation for annual independent audits and program-specific federal/state monitoring visits.
- Apply advanced financial modeling and budget forecasting techniques.
- Collaborate with the CFO and Program Directors to develop and refine annual budgets aligned with OVO’s outcome-based mission.
- Provide real-time financial analysis to support data-driven decisions by the CFO, Executive Director, and Board of Directors regarding program expansion, sustainability, and resource allocation.
- Maintain rigorous oversight of onsite accounting activities to ensure adherence to OVO’s internal fiscal policies.
- Oversee accounts payable, accounts receivable, and payroll processing, ensuring strong internal controls and prevention of errors or duplication of services.
- Verify data accuracy in specialized systems, including GMS (Grants Management System) and advanced Excel-based models.
- Translate complex financial data into clear, actionable insights for non-financial stakeholders.
- Serve as a technical mentor to the fiscal assistant, offering guidance on payroll taxes, bank reconciliations, and routine fiscal processes.
- Communicate effectively with external consultants, vendors, and federal/state funders to maintain OVO’s reputation as a highly accountable community partner.
Qualifications
- Advanced proficiency in Microsoft Excel, including complex formulas and modeling.
- Deep understanding of the regulatory environment governing Community Action Agencies and federally funded programs.
Education
- Bachelor’s degree in Accounting, Finance, or a related field required.
- Master’s degree or CPA credential preferred.
Experience
- Proven experience in non-profit or governmental accounting.
- Demonstrated success managing multiple federal grants such as CSBG, LIHEAP, Head Start, or similar programs.
OVO is an equal opportunity employer and provider.
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Health insurance
- Life insurance
- Paid time off
- Professional development assistance
- Retirement plan
- Vision insurance
Work Location: In person