Job Information
The Idaho Foodbank Chief Financial Officer in Meridian, Idaho
This job was posted by https://idahoworks.gov : For more information, please see: https://idahoworks.gov/jobs/2307819
Job Description
Job Title:
Chief Financial Officer
Classification:
Full-time, Exempt, Hybrid Work Schedule
Department:
Executive Staff
Reports to:
President & CEO
Location:
Meridian, Idaho
How to Apply:
<https://idahofoodbank.org/about/employment/>
JOB SUMMARY
The Chief Financial Officer (CFO) will be responsible for all aspects of financial planning, reporting, strategically managing accounting and financial products, and overseeing the Information Technology activities of every Idaho Foodbank (IFB) location. This position will provide leadership and coordination in the administrative, business planning, accounting, and budgeting efforts for IFB. Reporting to and partnering with the President & CEO, the Chief Financial Officer will play a critical role in developing and implementing the statewide strategy for IFB. As a member of the Executive Management Team, the CFO will be an advisor to the company leaders and managers, evaluating and assisting them with their financial plans and economic modeling.
ESSENTIAL FUNCTIONS
Strategy
Assess organizational performance against both the annual budget and the IFBs long-term strategy. Develop tools and systems to provide critical financial and operational information to the CEO and make actionable recommendations on both strategy and operations.
Engage the board finance committee on issues, trends and changes in the operating model. Establish yearly objectives and meeting agendas and select and engage outside consultants as necessary.
Oversee long-term budgetary planning and cost management in alignment with IFBs strategic plan, especially as the organization considers sponsorships, potential acquisitions, and collaborations with external organizations.
Identify gaps to achieving IFBs long term strategy and coordinate cross-functional teams to develop plans to address such gaps.
Develop organization prospects by studying evaluating trends and revenue opportunities; projecting acquisition and expansion prospects; analyzing organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement; accumulating capital to fund expansion.
Audit
Responsible for ensuring that IFBs annual financial audit and single audits, when required, are completed in a timely manner and without findings.
Coordinate other audits required by grantors/government contracts
Budget
Lead IFB business planning process ensuring coordination between departments, aligning with the budget and the strategic plan.
Prepare a budget that meets the strategic goals of the IFB. Manage the fiscal budgeting process and set timelines for completion.
Direct and guide the development of annual organization budget by department and by program and provide support and assistance to management in the development of line-item budgets.
Provide and review quarterly reports for program management, assisting staff in understanding and utilizing budgets.
Monitor and recommend budget adjustments as required during the fiscal year.
Financial Management
Provide overall management to the Finance Department, ensure that IFBs financial and accounting systems are operating in accordance with GAAP standards; that IFB is financially solvent; and that IFBs financial systems and controls are adequate to protect the assets and reputation of the organization.
Create, coordinate, and evaluate the financial programs and supporting information systems of the organization to include budgeting, planning, and asset management.
Ensure compliance with local, state, and federal authorities.
Prepare financial statements and reports.
Establish and maintain appropriate internal ontrol safeguards.
Interact with other managers to provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations.
Oversee monthly and quarterly assessments and forecasts of IFBs financial performance against budget, financial and operational goals. Oversee short and long-term financial and managerial reporting.
Manage grantor contracts and reimbursement requests.
Develop, maintain and monitor all fundraising and accounting systems and procedures capturing all pledges, billings and receipts and for the recording of all revenue transactions, recommend and implement improvements t