Chief Financial Officer

About Montgomery Village & Montgomery Village Foundation Montgomery Village is a large‑scale planned community in the Washington, DC metro area with more than 12,500 homes and 40,000 residents. Established in 1966, the Montgomery Village Foundation, Inc. (MVF) is a 501(c)(4) non‑profit corporation/homeowner’s association that provides services to the residents of the community. MVF owns and maintains more than 335 acres of parkland, 20 tennis courts, 19 recreation and park areas, 13 pickleball courts, 6 pools, 5 basketball courts, 4 community centers, 2 hard court soccer courts and a natural amphitheater. MVF’s mission is to promote the health, safety and welfare of the residents of the community of Montgomery Village, Maryland. For more information, visit 401(k) with match up to 6% $20K Life Insurance Long‑Term Disability Insurance Flexible Spending Account Dependent Care Flexible Spending Account Health Savings Account Vacation, Sick and Personal Leave 11 Paid Holidays Employee Discount on Programs Cash Benefit of $555 per paycheck

OVERVIEW

This position is responsible for directing the fiscal functions of the organization in accordance with generally accepted accounting principles. Serves as Chief Financial Officer and directs the work of the Finance and Administration Department. Works with and supports the directors to assist them to meet their individual departments’ financial goals, budget preparation and reserve planning. Attend monthly Board meetings, Audit Committee, Retirement Committee and Investment Committee meetings as scheduled.

PRIMARY DUTIES

Responsibilities to include three primary areas: Controllership, Finance, Treasury/Cash management. The position manages two cost centers: Finance and Administration, Assessments. The position is responsible for recruiting, hiring, training and evaluating department staff, as well as overseeing the expense and capital budgets for all departments. The position coordinates the development of the annual operating and capital budgets. The position works with EVP and Assistant EVP closely on strategic planning and development of a Five‑Year Financial Plan. Coordinates with HR Director on payroll administration and benefit related matters. Controllership Overall responsibility for MVF general accounting, A/P, A/R and payroll processes, which include account reconciliations as well as maintaining the integrity of MVF’s Fund accounting structure. Works with the front office/reception area for cash management and credit card use. Develop and maintain accounting procedures and system of internal controls. Implement new controls and procedures, as necessary. Responsible for the annual financial and retirement plan audit, including preparing required work papers. Develops and maintains a system of inventory control for all fixed assets and assures that adequate and appropriate insurance coverage is acquired. Oversees collection of assessments, including monitoring delinquency activity. Provides Board with economic data that may impact MVF. Assists EVP with administration and implementation of MVF Risk Management Programs, to include the review and administration of MVF insurance coverage, as well as fraud prevention initiatives. Monitors and recommend revisions to all MVF financial policies. Develops, implements and monitors department operating procedures and policies. Finance Coordinates the preparation of the annual operating and capital budgets including the spending and income plans for all departments/funds. Maintains MVF’s Reserve program, which is reviewed and updated on an annual basis. Prepares the monthly and annual Treasurer’s reports for all Board meetings including summary analysis of major revenue and expense variances and cash flow impacts. Performs periodic forecasts to obtain visibility on the revenue and expenses anticipated over the remainder of the year. Ensure that all annual tax filings are prepared and filed on a timely basis. Treasury Manages investment portfolio of operating and reserve assets. Works with external investment advisor to recommend investment opportunities to the MVF Treasurer. Maintains adequate liquidity in operating cash accounts within policy guidelines. Directs the movement of cash between accounts/funds (with appropriate approvals) Perform retirement funds transfers from payroll. Other Serves as fiduciary for the MVF employee 401(k) Retirement Plan. Serves as staff liaison to the Audit and Investment Committees. Performs other duties as assigned.

MINIMUM QUALIFICATIONS

Minimum 3‑5 years’ supervisory experience in financial management and accounting. Bachelor’s Degree in Accounting or Finance. Advanced Excel.

PREFERRED QUALIFICATIONS

Master’s degree in finance or accounting. Current CPA license in the state of Maryland. 7+ years of progressive experience in financial analysis, reporting, or public accounting, with 3‑5 years in a supervisory role. Strategic planning/long‑range financial planning in a business environment. Previous experience with Oracle Essbase or similar Oracle Enterprise Performance Management (EPM) products, as well as experience with and current knowledge of developments in accounting information systems and technology conversions relative to accounting.

KNOWLEDGE, SKILLS AND ABILITIES

Ability to establish and maintain effective working relationships. Strong organizational skills and the ability to work independently and manage multiple priorities. Ability to communicate effectively both orally and in writing. Thorough knowledge of accounting and budgetary procedures including systems of internal control and auditing. Ability to analyze and interpret complex financial statements. Experience with GL Accounting systems. MVF is an equal opportunity employer. Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice. #J-18808-Ljbffr Montgomery Village Foundation