What are the responsibilities and job description for the Finance Director position at Southeastern Vermont Community Action Inc?
The Finance Director serves as a key member of the leadership team, providing strategic financial oversight and ensuring the organization's fiscal health and sustainability. This role manages all aspects of financial operations including budgeting, accounting, reporting, and compliance, while partnering closely with the Executive Director and program leaders to align financial resources with SEVCA’s mission and goals. The Finance Director translates complex financial information into actionable insights that inform decision-making, supports strong internal controls and risk management, and ensures transparency and accountability to funders, the Board of Directors, and stakeholders. Additionally, they have supervisory responsibility for members of the Finance Department to ensure the team has the support and guidance needed to be successful in their roles.
Primary Functions
- Ensure the agency meets all internal and external financial management requirements by enforcing a strong internal control structure; maintaining an accurate and efficient accounting system for disbursements, receipts, cash flow, payroll, procurement, and account reconciliation; and maintain an accurate record-keeping system.
- Provide direct supervision to all members of the Finance Department.
- Keep the Executive Director, Board of Directors, and funding sources informed of the fiscal status of the agency by providing timely and accurate financial statements and reports.
- Support the management and planning processes of the agency by working in conjunction with program directors to develop, monitor, analyze, project, and revise budgets as required.
- Oversee equipment procurement, inventory, and fixed assets schedule.
- Establish, maintain, and supervise processes for efficient compensation, cash receipt and disbursement, and accounts payable systems.
- Oversee the procurement, maintenance, upgrade, and training related to the agency’s accounting software.
- Assist program managers in managing their budgets effectively by providing timely reports, as well as training and technical assistance on all aspects of program financial management.
- Monitor the agency’s cash position on a regular basis and make long-term cash forecasts to ensure that the agency has the capacity to operate and meet its obligations.
- Establish and maintain positive and constructive relationships with funding sources, financial institutions, vendors, and auditors.
- Coordinate SEVCA’s responsibility in the annual audit process.
- Integrate agency and program budgets with strategic planning goals through regular communications with the Executive Director and program managers.
- Ensure the corporate, legal, and fiscal integrity of the agency by maintaining current insurance policies, preparing and monitoring contracts and leases, and coordinating all external audit activity.
- Develop and maintain professional expertise by attending and having fiscal staff attend meetings, conferences, and trainings as appropriate and available.
- Participate in agency decision-making and strategic planning as a member of the Program Directors and Leadership Teams.
Other Functions:
- Support and, where feasible, participate in fundraising activities.
- Perform any other duties requested and/or approved by the Executive Director that are consistent with the functions of this position and with the mission, goals, and priorities of SEVCA.
Qualifications:
- Bachelor’s degree in accounting, business administration, or related field consistent with appropriate skills and expertise to fulfill job duties plus five years of related work experience. A CPA is desired but not required.
- A combination of accounting education and knowledge, demonstrated track record in the field, and an acceptable equivalent in experience may substitute for the required degree.
- Documented supervisory and/or management experience.
- A strong background in non-profit administration and grant accounting and management is preferred.
- Strong communication and organizational skills.
- Proficiency with computer skills, especially the use of accounting and spreadsheet software and MS Office suite of applications.
Job Standards/Accountability:
- Financial records accurately reflect the financial condition of the agency and reports to the Board, funding sources, Executive Director, and program managers are accurate and timely.
- Cash and other resources are monitored adequately to ensure that they are optimized, available as needed, and utilized appropriately.
- The agency’s financial status is maintained in good condition; audits are clean with “unmodified” opinions; funders’ financial monitoring is positive; there is healthy cash flow; and there is a high level of credibility for the agency’s financial management capacity among funders, partners, and the general community.
Working Conditions:
- Entails routine office work, including use of computers, phones, and other office machines, etc., including extended periods of time sitting, and working at a keyboard.
- Requires regular meetings with staff and Board members, attending meetings, and speaking with supervised fiscal staff, senior management and program managers regarding agency and program finances and other agency-wide issues.
- Tight deadlines, multiple priorities, and dynamic conditions require adaptability and effective management of time and energy.