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Benedictine

Chief Financial Officer

  • Location

    Ridgely, MD
  • Posted On

    July 23, 2019
  • Job Type

    Full-Time
  • Category

    Nonprofit Administration
  • Experience Level

    5-10 Years
  • Education Level

    Bachelor's Degree
  • Salary

    Commensurate with Experience

Job Description

Benedictine seeks a dynamic fiscal services professional to provide executive leadership as the Chief Financial Officer. This position offers the opportunity to join the senior executive leadership team that guides the strategic direction of this highly respected nonprofit organization on Maryland’s eastern shore that has been helping individuals with disabilities, for 60 years with educational, residential, vocational and day services.

The Organization

Benedictine’s mission is to help children and adults with developmental disabilities live meaningful, productive, personally satisfying, well-supported lives in order to achieve their greatest potential. Today, Benedictine provides more than 200 children and adults with special education, vocational training, supported employment and home-like residential living options on our main campus and in the community.

Our values of Dignity of Work, Compassionate Caring and Hospitality serve as the driving force throughout the organization and directly support our mission. These values and our mission will continue to guide us and assure our future success in meeting the needs of children and adults with developmental disabilities.

The Benedictine School is a non-graded, twelve-month residential and day school for males and females, ages 5-21, grades K-12 with mild-severe intellectual disabilities, multiple disabilities, and autism.

The Benedictine Open Community/Adult Services Program supports persons ages 22 and over with developmental disabilities. Participants explore vocational interests, engage in job development, and build skills in industries of choice within a supportive environment designed to assist in finding competitive employment in the community or in volunteer positions. Community living and independent living skills are also provided, and our beautifully decorated group homes provide a comfortable home environment in attractive and safe neighborhoods for those participating in our adult residential program. Our adult program is licensed by the Maryland Developmental Disabilities Administration (DDA) and partners with the Division of Rehabilitation Services (DORS).

The Benedictine Foundation facilitates giving from a wide variety of individuals, foundations and corporate supporters. Through its Annual Fund, special events like Spring Benefit and Chrome City Ride, and other philanthropic initiatives, the Foundation raises funds and seeks grants that support the Benedictine School, the Adult Services, and the individuals served by these programs. The Foundation is governed by the volunteer Board of Trustees and has achieved the Guidestar Gold seal.

Benedictine is governed by an 18-member board of directors. The organization’s current budget is approximately $25M. The Benedictine Foundation budget is approximately $2.5M. The senior management team includes the Executive Director, the Chief Financial Officer, the Education Director, the Director of Adult Services, the Director of Human Resources, and the Foundation Director. The positions that report directly to the Chief Financial Officer include the Controller, Assistant Controller and Accounting Supervisor. For more information, please visit http://www.benschool.org

The Position

Reporting to the Executive Director, the Chief Financial Officer (CFO) is responsible for all financial matters of Benedictine and its affiliate organizations. The CFO will support the policies and direction of the Executive Director and the organization.  In addition s/he will partner with the senior leadership and the board of directors to develop and implement strategies across the organization.  The CFO will oversee all financial compliance with funding agencies and donor requirements. S/he will supervise all accounting and finance activities and staff, in accordance with generally accepted accounting principles issued by the Financial Accounting Standards Board, and other regulatory and advisory organizations, in accordance with financial management techniques and practices appropriate within state funded programs for the disabled.

Key Responsibilities

The Chief Financial Officer’s primary responsibility is to provide leadership to the finance and accounting team, as well as Operations, IT, and HR. The CFO is also responsible for the management and fiscal sustainability of Benedictine, The Benedictine School, Adult Programs and Services and the Benedictine Foundation.

Some of the essential duties of the position include:

  • Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide critical financial and operational information to the executive director and board of directors and make actionable recommendations on both strategy and operations;
  • In partnership with the senior leadership team, develop and monitor the overall annual budget, including capital/other project funding requests, and the operations budget for each program and department;
  • Prepare accurate, timely financial reporting and projections comparing performance with operating budgets and plans for the executive director, senior leadership team, department managers, and finance committee of the board of directors;
  • Represent Benedictine to financial partners, including financial institutions, business partners, auditors, agency representatives, and public officials;
  • Oversee audits, external financial reporting, and proper filing of tax returns;
  • Ensure legal and regulatory compliance regarding all financial functions;
  • Remain current on nonprofit audit best practices and state and federal law regarding nonprofit operations;
  • Oversee cash, investment, and asset management.

Leadership Outlook and Near-Term Priorities

It is necessary that the CFO is familiar with the following:

  • Understanding of and/or familiarity with DDA’s rules and regulations and the upcoming changes that will take effect in July 2020;
  • Developing a firm understanding of the program’s current budgets and identifying any needs for improvement;
  • Understanding the current business model and identifying strategically what may need to change;
  • Experience working with organizational operations, IT, HR, fundraising and programs.

Experience and Attributes

Ideal candidates for this position will have a strong commitment to the mission of the Benedictine programs and services. Highly qualified applicants will bring a variety of experiences and attributes to Benedictine, including:

  • Seven-plus years’ professional experience of progressive leadership and financial management, preferably in a nonprofit organization supporting people with developmental disabilities;
  • Proven experience with fiscal management, budgeting and operations, including responsibility for developing and managing multiple budgets of at least a $20M;
  • Experience working with a board of directors, including a board finance committee, in developing financial business plans and forecasts;
  • Knowledge of DDA policies and regulations, and the trends of the industry;
  • In-depth understanding of the changes in the upcoming regulations that will take effect in July 2020;
  • Business acumen, with experience leading growth and/or change, and partnering with senior leadership;
  • Ability to provide visionary and strategic leadership to a department as part of a larger organization’s vision and mission;
  • Well-honed leadership skills and style, including the ability to listen, credibility, integrity, flexibility, confidence, and a sense of humor;
  • An informal management style that supports team work, encourages ongoing communication and accountability, and understands the experience that long-tenured staff bring to their work;
  • Strong relationship building skills with well-developed written and oral communications skills and style;
  • Bachelor’s degree in Accounting/Finance required; Master’s preferred.

Salary will be commensurate with experience and includes a generous benefits package.

How to Apply

Interested candidates should email a cover letter detailing the applicant’s fit with the position’s requirements, a resume, and salary requirements to:  Benedictine-CFO@marcumllp.com.

Please direct all inquiries to Raffa, Marcum’s Nonprofit & Social Sector Group, who is conducting the search. Contact: Ginna Goodenow-Schirf, ginna.goodenow@marcumllp.com.

Benedictine is an equal opportunity employer. Benedictine does not discriminate in employment on account of race, color, religion, national origin, citizenship status, ancestry, age, sex, sexual orientation, marital status, physical or mental disability, military status or unfavorable discharge from military service.

When applying, mention you saw this opening listed on Disability Scoop.