Chief Financial Officer

Wilmington, DE | full time | Salary: $65,000 – $80,000

The Chief Financial Officer is responsible for the financial planning and management of all aspects of the current and long-term financial operation of ICHDE. The Chief Financial Officer works independently to execute the administrative policies and program priorities as established by ICHDE and the Finance Committee of the Board.

  • Oversees all financial and accounting operations of the organization, maintaining all books and records pertaining to the financial and accounting aspects of ICHDE.
  • Develop financial and accounting policies and procedures, as well as ensure that policies and procedures are in place and maintained.
  • Preform budgetary, treasury, and administrative duties.

Primary Responsibilities

Direct daily accounting operations such as accounts/rents receivables, account payable, payroll, fixed assets, and other general accounting operations.

Maintain the accounting of unrestricted, temporarily restricted and permanently restricted assets.

Prepare financial statements in accordance with generally accepting accounting principles. This includes preparing financial statements in accordance with FASB 116. “Contribution Received and Contribution Made” and FASB “Financial Statements of Not-for-Profit Organizations.”

Direct the preparation of monthly financial reports that will be used for management decision- making. Prepare special reports as needed to meet information needs to the Executive Director, Board of Directors, Finance Committee, lenders, insurance companies, government agencies, grantor contributors, and department managers.

Coordinate the annual audit with the organization’s auditors. Assist the auditors by providing all necessary information to complete the audit in a timely manner.

Ensure the organizations financial and accounting policies and procedures on reporting are following federal A-133 standards.

Communicate all financial and accounting operations to the Executive Director, Board of Directors, and Finance Committee in a timely manner.

Budgetary duties including manage the preparation of the annual budget. Assist department/program managers in the development and control of their individual budgets. And monitor revenues and expenditures in relation to the budget and revise budget when deemed necessary.

Treasure duties include monitoring the organization’s cash flow, Monitoring the organization’s financial investments, and preparing the necessary financial reports for the finance committee and the report regarding the cash position of the organization.

Administrative duties include participate in recruitment of personnel for the department. Maintain the organization’s 401 (k) plan and commercial policy for its properties. And develop and maintain relationships with lending institutions and financial community. Function as liaison to banks and other agencies regarding loans, line-of-credit, and other loan agreements.

Qualifications

Demonstrated knowledge and/or experience with Peachtree Accounting, automated accounting systems, fund accounting, AICPA guidelines and relevant IRS regulations.

Timely response to requests for information, services, and assistance.

Demonstrates a positive and productive attitude.

Ability to manage multiple tasks and responsibilities

Microsoft Excel
Microsoft Outlook
Microsoft Word
Microsoft PowerPoint

Education and Experience

To perform this job successfully, an individual must be able to perform the above qualifications with a bachelor’s degree in accounting and at least five years accounting and fiscal management experience. An MBA or related graduate degree is preferable as is a certification as a public accountant. Experience in a non- profit environment and housing financing is desired.