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Chief Financial Officer

Jewish Family Service of Metropolitan Detroit

Jewish Family Service of Metropolitan Detroit

Accounting & Finance
West Bloomfield Township, MI, USA
Posted on Friday, March 29, 2024

Job Summary

Reporting to the Chief Executive Officer, the Chief Financial Officer (CFO) is responsible for the financial operations of Jewish Family Service. The CFO will work collaboratively with the CEO, the Board of Directors, its Finance and Audit Committees, and the professional Leadership Team to develop and implement financial strategies that ensure the financial stability and growth of the Agency. The CFO oversees and is supported by a team of skilled financial professionals.

Principal Responsibilities

Financial Operation & Strategy:

Oversee the day-to-day financial operations of the Agency, including planning, implementing, managing, and controlling all financial-related activities.

Develop financial strategies, practices, and initiatives that align with the organization's mission and support the organization's sustainability and growth.

Budgeting & Forecasting: Create, manage, and update annual forecasts and budgets for the Agency and individual departments.

Cash Flow Management: Manage cash flow to ensure the organization's financial stability is strong and able to meet its obligations.

Financial Reporting:

Ensure the accuracy and completeness of financial records, including the general ledger, accounts payable and receivable, payroll, billing, and organization debt along with other financial systems.

Oversee the preparation and presentation of accurate and timely financial reports for internal and external stakeholders, including the Board of Directors, leadership, the Jewish Federation of Detroit, the Claims Conference, other funders and stakeholders, as well asregulatory agencies and authorities.

Audit: Work closely with the Finance Team, to ensure timely & accurate financial information for annual audits and own the relationship with the Financial Auditing firm.

Risk Management: Identify financial risks to the organization and develop strategies to mitigate them, including working in partnership with the Jewish Federation of Detroit (JFD).

Liaison:

Staff the board’s audit and finance committees, providing insight and accurate reporting into all areas of the agency as requested by the respective committees, and ensure that other Board committees and/or task forces have all financial information they need.

Given JFS’ relationship with the JFD, liaise with all Federation sponsored committees and personnel in all finance-related matters, including insurance, 403B/retirement, etc.

Leadership Team: Work closely with CEO and other executives to help manage the entire organization, executing the strategic plan and all other agency-wide matters.

Spokesperson: Act as spokesperson for all finance related matters, internally and externally.

Supervision: Lead, oversee and support the finance department.

Employee Philanthropy: Participate annually in agency and partner-related philanthropic activities and campaigns.

Mission Dedication: Embody the mission and values of JFS in all work done on behalf of the agency. Utilization of the JFS key strategies will ensure success in this accountability.

Miscellaneous: Other duties as assigned by management.

Qualifications and Knowledge

Experience: 10+ years of experience in a financial leadership role. Non-profit experience preferred.

Education: Master's degree in business administration, finance or accounting preferred. Bachelor's degree in accounting , finance, business/etc., from an accredited college or university required. CPA preferred, but not required.

Knowledge: Must understand generally accepted accounting principles (GAAP) in general and specifically as it applies to non-profits.

Thorough knowledge of accounting processes and procedures including experience with computerized accounting systems

Ability to think strategically while also capable of diving into details to ensure accuracy and interpret data.

Must be highly organized and possess a strong attention to detail.