Director of Finance Job Description

Communities First, Inc. is a Michigan-based nonprofit 501 (c) (3) whose mission is to build healthy, vibrant communities through economic development, affordable housing, and innovative programming. CFI is focused on providing safe, quality affordable housing, increasing economic opportunities, and improving the quality of life of the populations that the organization serves.

Job Summary

The Director of Finance is responsible for the financial leadership, oversight, and fiscal integrity of Communities First, Inc. This position provides strategic financial guidance to the President and CEO, senior leadership, and the Board of Directors to support sound decision-making and sustainable organizational growth.

The Director of Finance oversees financial planning, accounting operations, financial reporting, compliance, and grant financial management. The role ensures adherence to nonprofit financial best practices, Uniform Guidance, and Generally Accepted Accounting Principles (GAAP).

Essential Functions

Financial Management and Internal Controls

Provide leadership and oversight of all organizational financial operations, including general ledger, accounts payable, accounts receivable, payroll oversight, and financial reporting.

Ensure adherence to established accounting cycles and financial reporting deadlines.

Monitor organizational cash flow and maintain strong financial controls.

Develop, implement, and maintain financial policies and procedures.

Ensure compliance with Uniform Guidance, GAAP, and nonprofit financial standards.

Identify and implement strategies to minimize financial risk.

Supervise, lead and support finance staff and consultants as needed.

Grant Financial Management

Develop tools and processes to track and monitor grant expenditures and ensure compliance with funder requirements.

Develop and manage grant budgets and assist in budget revisions as needed.

Oversee financial reporting requirements for public and private funders.

Ensure systems are in place to track eligible expenses and maintain compliance.

Oversee preparation for financial monitoring or audits conducted by funding agencies.

Collaborate with leadership to evaluate funding opportunities and develop financial projections for new grants or funding streams.

Organizational Budgeting and Financial Planning

Lead the development of the annual organizational budget in partnership with executive leadership and department leaders.

Develop and monitor financial forecasts and long-term financial planning.

Provide financial modeling and analysis to support organizational strategy and decision-making.

Partner with housing and real estate leadership to review property-level financial performance and long-term asset management planning.

Analyze financial trends and provide insights to support organizational growth.

Financial Reporting and Audits

Oversee the preparation and review of monthly organizational financial statements.

Prepare financial reports for executive leadership and the Board of Directors.

Support department leaders with financial reporting related to program and funder budgets.

Manage the annual audit process and serve as the primary liaison with external auditors.

Ensure timely preparation of all required financial documentation for audits and regulatory filings.

Organizational Leadership

Serve as a member of the Senior Leadership Team.

Provide financial analysis and recomm

Communities First, Inc.

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