Vice President of Finance
Food Bank for the Heartland
Vice President of Finance
The Vice President of Finance (VPF) will be responsible for all aspects of financial planning, reporting, and strategically managing accounting and financial products. This position will provide leadership and collaboration in the administrative, accounting and budgeting efforts for FBFH. The VPF will serve as a member of the executive team and will play a critical role in the organization’s future growth and development by providing input on a broad range of strategic, operational, and financial issues.
· Assess organizational performance against both the annual budget and the organization’s long-term strategy. Develop tools and systems to provide financial and operational information to the President and CEO executive team and leadership team and make actionable recommendations on both strategy and operations.
· Prepare timely, regular (monthly) financial analysis for the President and CEO, executive team and the senior leadership team. Support the executive team in regular reviews of financial analysis; provide oversight and recommendations.
· Serve as the staff liaison to the Board’s Finance Committee. Participate in strategic meetings and engage the committee on issues, trends and changes in the operating model. Provide timely and accurate financial statements as well as analyses of current and future financials.
· Responsible for ensuring that FBFH’s annual financial audit and single audit are completed in a timely manner and without findings.
· Ensure that Form 990 and state tax filings are completed accurately and on time. Regulatory compliance filings are not within purview.
· Monitor and manage reserve funds in collaboration with investment advisors.
· Establish and monitor routine cash flow projections and forecasting to align with operations and strategy.
· Develop cost accounting systems to support program management.
· Direct and guide the development of the annual organization budget by department and by program and provide support and assistance to the President and CEO and executive team in the development of line-item budgets.
· In partnership with the executive team, develop the annual budget, long-term budgetary planning and cost management to align with the strategic plan. Prepare a budget that meets the strategic goals of the organization. Manage the fiscal budgeting process and set timelines for completion. Monitor the annual budget and regularly report budget deviations.
· Create, coordinate, and evaluate the financial programs and supporting information systems of the organization to include budgeting, planning, and asset management.
· Develop, implement, and oversee financial plans and processes for evaluating risks and opportunities for fulfilling the food bank's mission and strategy including creating business cases and risk assessment frameworks.
· Responsible for all banking relationships including managing fraud prevention and detection services, account reconciliations, and safeguarding assets.
· Responsible for all accounting functions including maintenance of the general ledger, management of accounts receivable and accounts payable, maintaining segregation of duties over cash receipts and capital assets.
· Maintain and review the organization’s system of internal controls, including preparing, and monitoring financial policies and procedures.
· Manage the schedule of various government reimbursements, as well as the accuracy of the annual confirmation of federal assistance received from the U.S. Department of Agriculture as well as other Government Support.
· Provide financial management and oversight of federal grants to include financial tracking and reporting.
· Responsible for the Food Bank’s corporate insurance program, including appropriate coverage and properly accounting for premiums paid and other related expenses.
· Oversee a records management system to include: vendor contracts, key corporation documents, and standard operating procedures.
· Support human resources in the analysis of employee benefit programs; provide ongoing support in the management of monetary employee benefits such as Simple IRA and flexible spending accounts.
· Effectively manage and develop Finance and Accounting department staff.
· Manage the essential accountabilities of Finance and Accounting department staff.
· Help formulate and administer policies to ensure the integrity of the Food Bank.
· Serve as a member of the Food Bank’s Executive Team and support efforts toward achieving the Food Bank’s strategic plan.
· Keep informed of developments in the fields within Finance and Accounting, non-profit management and governance, Feeding America membership support, and the specific business of the Food Bank; and, use this information to help the institution operate with initiative and innovation.
· Promote a culture of high performance and continuous improvement that values learning and a commitment to high quality.
· Other duties as assigned by the President and CEO.
Knowledge, skills, and abilities:
· Commitment to the FBFH’s mission, vision, values, and culture.
· Knowledge of practices and principles of financial, accounting and business management.
· Ability to analyze financial data, develop reports and make decisions based on data and forecasting.
· Excellent oral and written communication skills.
· Excellent analytical skills and strong business acumen.
· Ability to work independently with minimal supervision to achieve deadlines.
· Ability to juggle multiple projects with attention to detail and accuracy while adhering to deadlines.
· Proficiency with Microsoft Office products and accounting software such as Netsuite or Sage.
· Professional demeanor.
· Proven track record of directing successful finance and accounting operation.
· Must be highly motivated and able to work independently as well as in a team-based environment.
· Maintain positive working relationship with supervisor, co-workers and other department staff.
Education and experience:
· Bachelor’s degree in Accountancy or Finance is required, Master’s preferred.
· Seven to ten years’ experience in accounting or finance, including at least three in a managerial capacity.
· Current and valid CPA preferred.
· Previous experience in accounting and finance required.
· Non-profit accounting and finance experience preferred.
July 28, 2022