Chief Financial Officer: Community Ventures
1 month ago
The Chief Financial Officer will play a key leadership role in all financial decision making and operations for Community Ventures, a non-profit developer of affordable housing and mixed-use properties in Philadelphia. The organization's mission is to partner with local neighborhood leadership to develop affordable housing, commercial space, and other neighborhood infrastructure. The CFO will oversee the financial management of Community Ventures and its affiliated limited partnerships and other related organizations.
Responsibilities- Manage the day-to-day accounting and financial operations of Community Ventures and its affiliates.
- Supervise the Financial Manager, who will carry out Accounts Receivable and Accounts Payables functions.
- Develop budgets for the agency as a whole and all affiliates.
- Assist in the production of budgets for development projects; monitor project budgets as construction progresses and projects are placed into service.
- Prepare, analyze, and present financial reports for Community Ventures and all affiliates on a quarterly and annual basis or as otherwise requested by the Executive Director.
- Report on financial results and issues to the Executive Director and Board of Directors.
- Prepare all program financial reporting required for public and private funding sources.
- Prepare all billings for administrative and construction costs related to ongoing development projects.
- Oversee the agency's banking activities.
- Prepare cash flow reports on a quarterly basis or as requested by the Executive Director, and actively manage cash flow to meet organizational needs.
- Manage accounting control systems to ensure the accurate and timely production of accounting information and financial reports.
- Monitor changes in legal, regulatory, and administrative environments and implement changes in procedures needed to maintain compliance while maximizing operational and financial results.
- Manage the organization's insurance policies, seeking to reduce costs by requesting competitive bids at least once every three years and meeting Community Ventures' changing needs as it takes projects through the development, construction, and management stages.
- Act as Community Ventures' primary liaison with its independent auditor to ensure the annual audits for Community Ventures and its affiliates are completed smoothly and in a timely manner, according to the needs of Community Ventures' partners and funders.
- Oversee the preparation and timely filing of all local, state, and federal tax returns for Community Ventures and all affiliates.
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