Vice President of Finance

Job Details

Job Location

New York, NY

Position Type

Full Time

Education Level

Graduate Degree

Salary Range

$119,458.78 - $175,000.00 Salary

Travel Percentage

None

Job Shift

Day

Job Category

Finance

Description

Comunilife Inc. is lookihg for an experienced Vice President of Finance to join its Finance team. Reporting to the CFO, the VP of Finance provides hands on direction and supervises all activities of the Finance Department, the Office of Government Contracts, General Accounting, and Reporting, Payroll, Account Receivables and Accounts Payable. Responsible for all financial planning, accounting systems and practices, reporting and control systems; and provides direction to subordinate managers and staff. Oversees the organizational and affiliate budgeting process; internal audits of petty cash and Metrocards; and, creating and executing fiscal policies and procedures. Prepares all financial statements for Comunilife and affiliates. Takes a lead role in forecasting and strategic planning. Direct role in managing all agency financial audits.This position is eligible for Comunilife's generous benefits and paid time off package.

Essential Duties:

• Hands on managing of day-to-day all financial activities and accounting functions;

• Under the CFO’s supervision, serve as the in-house financial advisor for the President/CEO and senior management, in the areas of resources, expense, budgeting, planning and reporting, including all revenues;

• Develop and oversee the implementation of short-term and long-term financial plans to achieve agency objectives;

• Develop the annual budget in conjunction with the Budget Director and the Assistant Director of Grants and Contracts;

• Develop the annual budgets of the Comunilife Affiliates with the Real Estate Accountant;

• Design and implement a cash management system, evaluating the need for obtaining credit.

• Manage relationships with agency’s lenders/investors and banking institutions;

• In conjunction with Assistant Director of Grants and Contracts, produces timely and accurate program budget variance reports on a quarterly basis.

• Manages the month-end close process and all financial reporting, ensuring accurate and timely preparation and distribution of internal and external financial reports.

• Appraise the agency’s financial position and issues on a monthly and ad hoc basis and prepares operating reports to senior managers as well as the CFO and President, and with the CFO provide quarterly reports to the Board of Directors;

• Oversee the agency-wide grants and contracts management system, including all cost allocation plans, integrating agency budget and restricted contract funding, monitors budget modification processes, contract reporting and revenue vouchering and collection processes;

• Ensure that fiscal requirements for grants and contracts are identified, realized and monitored;

• Formulate, recommend and implement sound fiscal policies, procedures and internal controls;

• Oversee the housing development, property management and asset management function of the finance department with a firm understanding in the low income housing tax credit (“LIHTC”) partnerships and tax accounting practices. With the CFO provide support for the real estate development in capital projects through budget preparation and financial analysis for debt and equity funding;

• Manage all agency financial audits – Comunilife, subsidiaries, affiliates, retirement plans (IRS-990, Char 500, and A133 compliance).

• With the CFO manage investments and other assets of the agency;

• Oversee accounting, accounts payabable, accounts receivable and procurement process;

• Assure financial compliance with all funders and investors;

• Mentor, develop, and train all finance staff;

• Work closely with all funding sources, including NYC HRA/HASA, HUD, SAMSHA, HPD, OTDA, DASNY, NYS OMH, DYCD, NYC DOHMH, AIDS Institute, Medicaid reimbursement, and SSA;

• Respond to all government requests (census financial data, etc.);

Qualifications

Education and Experience Requirement(s)

Graduate degree in finance and/or accounting preferred with a minimum of 15 years of experience in accounting and financial management, preferably as Controller or Finance Director. Experience in working in the non-profit field is required, especially working with the following government funders: NYSOMH, NYSESSHI, NYSHCR, NYSHPD, OTDA, NYCHRA, NYCDHS, NYCDOHMH, Medicaid reimbursement and SSA. Prior LIHTC accounting experience. Facility with accounting software; capital budgeting; excellent analytical and organizational skills. Computer proficiency with accounting software, spreadsheets and word processing software, i.e., Great Plains, MS Office Package. Executive level knowledge of all rules, regulations and laws concerning budgeting, SAS, GAAP, accounting, finance, taxation, auditing. Superior negotiation and project management ability, including the ability to manage and implement multiple high priority projects simultaneously. Ability to motivate staff and build teamwork.

Comunilife is an EEO employer and provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.