Vice President, Finance & Accounting

Reports to: Chief Operating Officer

Direct Reports: Director of Accounting

Position Overview

The Greater Baltimore Committee is seeking a Vice President of Finance & Accounting to serve as the senior financial operations leader responsible for building and managing a financial operation that supports Greater Baltimore Committee’s transformation into the region’s world class economic development organization. This position leads comprehensive financial operations including accounting, budgeting, financial reporting, and compliance management.

Reporting to the Chief Operating Officer, this position provides oversight of accounting staff and fractional professionals, supports the COO and CEO with board reporting and coordinates across the organization to ensure effective financial management and organizational fiscal health.

Key Responsibilities

Finance and Administration

·      Oversee all financial operations including budgeting, accounting, treasury management, and financial reporting for all of GBC’s entities and entities that GBC employees manage. 

·      Oversee general ledger activities, reconciliation processes, and the integrity of financial data. 

·      Prepare and review monthly, quarterly, and annual financial statements in accordance with GAAP.

·      Lead comprehensive budget development, management and forecasting, ensuring organizational fiscal health. Provide financial insights and strategic recommendations to support executive decision-making and drive organizational performance.

·      Establish standardized processes for cross-departmental transaction communication to prevent risk and fragmentation.

·      Oversee banking relationships and cash flow management.

·      Manage relationships with auditors, investment managers, and fractional Controller & CFO. 

·      Ensure compliance with all financial regulations, audit requirements, and fiduciary responsibilities.

·      Support the CEO & COO with board-level reporting and management of GBC’s finance-related board committees.

Talent Strategy and Staff Development

·      Provide direct supervision and management of Director of Accounting.

·      Support the COO & CEO on strategic workforce planning and organizational development.

·      Oversee compensation and benefits strategy for the organization ensuring competitive packages that attract diverse talent.

·      Foster collaborative relationship between finance and accounting professionals and the rest of the GBC staff.

·      Develop finance and accounting professional development plans and ensure continuing education in accounting and finance best practices.

·      Continue to foster a culture of excellent standard of care, continuous improvement, accountability, and compliance within the finance department.

Technology and Systems Management

·      Oversee implementation, management and upgrades of financial management systems and accounting software.

·      Support integration between financial systems and other operational systems for comprehensive reporting.

·      Partner with CEO, COO and Head of Strategic Programs & Performance on change management across the organization.

·      Coordinate with IT partner to ensure data security and system reliability for financial information.

·      Develop automated reporting capabilities and dashboard technologies in partnership with technology team.

·      Ensure backup systems and disaster recovery procedures for financial data in partnership with the technology team.

Grants Administration

·      Oversee grant application processes, compliance, and reporting requirements from a financial and accounting perspective for federal, state and philanthropic sources working across the organization.

·      Ensure robust and compliant systems as part of a comprehensive grant management process from application to win to execution to reporting. 

·      Partner with GBC staff to develop, implement and manage funding strategies and funds for collective impact priorities, including vacant housing, BLocal, and public safety

·      Manage financial-related relationships with funding partners and ensure effective stewardship of grant resources.

Compliance and Risk Management

·      Establish and oversee comprehensive compliance programs ensuring adherence to all federal, state, and local regulations.

·      Develop risk management frameworks identifying and mitigating financial, operational, and reputational risks.

·      Lead external audits and ensure compliance with all fiduciary responsibilities and reporting requirements. Work closely wit