Director of Finance

A non profit in Somerset County is looking for a Director Finance.
The individual will be resposnible for the Management of Agency’s multi-million dollar operation. Perform all financial duties relating to this position as detailed below. Provide accurate and timely reports and information to the Executive Staff, Department Directors and Board of Directors. Represents the Agency in financial matters to the Federal, State , County and other funding sources. Participates in and oversees all audit and other financial compliance processes.

FUNCTIONS TO BE PERFORMED ( DUTIES & ASSIGNMENTS):

Core Functions - perform the following but are not limited to those functions listed below:

• Responsible for the Finance Department’s total operation of the Agency's multi-million dollar financial operation (over $15 million). Develop and maintain proper accounting systems, policies, and internal controls consistent with generally accepted accounting / financial principles. Ensure that all requirements of the Agency's funding sources, Medicaid, Department of Human Services Division of Developmental Disabilities, U. S Housing and Urban Development, Department of Children and Families, and other Private and Municipal funding sources are properly adhered to.

• Being a resource to all Agency employees for financial information working as a “team player” to assist other Agency Department Directors in the completion of their individual functions. Assist Directors with budget development and monitoring. Continuing to improve the knowledge base on the areas of responsibility through individual initiative.

Critical Functions – perform the following general areas on an individual basis with backup by the other finance staff members including the Assistant Director of Finance.

1. Cash Management: Monitors the cash and investment accounts to ensure that the Agency’s current operation cash position is always in proper order and that Bank and Investment reconciliation are completed in a timely manner. Oversee Medicaid billing process, compliance and assurances.

2. Management of Agency Budgets: Prepares and monitors the Agency wide fiscal year budget and the budgets of over 40 individual program/cost centers. Prepares fiscal year budget modifications as required and submits modifications to respective funding sources.

3. Reporting to Agency Management and Boards: Monthly reports to Agency management and Board of Directors on year-to-date revenue and expenses and the relationship to planned budgets for the period. Analysis and reports on the financial data of past and currentcosts and revenue trends. Conduct monthly Finance Committee meetings. Provides quarterly reports to the Foundation Board of Trustees.

4. Reporting to Funding Sources: Prepares and supervises the preparation of all monthly, quarterly, and annual reporting to all funding sources. Prepares and assists in the preparation of grant requests.

5. Management of Assistant Director of Finance Functions: Supervises the Assistant Director of Finance's management ofthe day to day activities in the areas of cash receipts, accounts payable, accounts receivable, bank account reconciliation, insurance processing and payroll processing. Assist the Finance Director in establishing and modifying the implementation of accounting systems including internal controls. Over see Payee ship programs functions and growth.

6. Management of Major Purchasing Activities: Reviews and makes recommendations on all major purchasing plans. Monitors funding and expenses for the Agency's employee health insurance and other employee benefit plans. Directs the receipt and disbursement of funds for acquisitions and ongoing requirements of funding sources.

7. Ensures Agency Compliance with Funding Sources Requirements: Ensures financial compliance with the requirements of the Agency's financial policies and the requirements of all funding sources. Ensures compliance with all IRS and State reporting. Responsible for liaison for the annual required certified auditing process. Ensures compliance with external licensing and accreditation bodies including (but not limited to) CARF, DDD Licensing, and DHS monitoring.

8. Financial Compliance Reviews: Develops and implements audits and spot check reviews of all financial activities of the Finance Department. . Act as the lead contact for agency audits. Work with Auditors to complete financial statements and agency 990. Ensure timely submission of Tax Documents

Job Type: Full-time