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Chief Financial Officer - Monadnock Economic Development Corporation (MEDC)

Posted: 04/29/2020

Career Opportunity - Chief Financial Officer
 
The Monadnock Economic Development Corporation (MEDC) seeks an experienced Chief Financial Officer (CFO), to ensure the effective financial management of its operations and economic development programs. 
 
The organization:  The MEDC puts together people, projects, planning, and financing to foster community and business development in southwestern New Hampshire.  Over several decades, MEDC has been a regional leader in commercial and industrial development, downtown revitalization, financial planning, and securing funding for businesses, non-profit organizations, and community agencies.  For more background, visit www.monadnock-development.org.
 
The opportunity:  MEDC offers the right candidate – a hands-on financial leader - a unique opportunity to make a big impact in Southwest New Hampshire. 
 
The CFO is the senior executive responsible for managing all MEDC financial operations.  The CFO works closely with the President and Board of Directors to ensure MEDC’s financial viability, as well as ensuring procurement, record keeping, and audits comply with MEDC, state, and federal requirements.  The CFO also ensures efficient MEDC office operations, ensures financial management of MEDC loan pools, and serves as primary point of contact for tenants. 
 
The role requires an individual who is self-motivated, can work within a small team, and can work without administrative support. 
 
Key responsibilities: The CFO’s responsibilities include, but are not limited to:
 
  • Tracking cashflow and financial planning, analyzing the entity’s financial strengths and weaknesses, and proposing corrective actions.  Oversees and manages weekly cash flow and accounts payable, approving all payables. Ensures effective cash management and controls.
  • Serving as the primary contact for financial communications with the President, board members, and vendors.  Serves as the primary contact with the Finance Committee.
  • Leading the budgeting process, to ensure operating and capital budgets support financial and organizational goals.  Assists the President in creating and meeting financial business plans.
  • Ensuring that cash requirements are accurately reported, forecasted, and communicated to the President and Board of Directors.
  • Administering MEDC business loan programs.
  • Managing vendors providing financial, administrative, technical, and logistical support to MEDC operations.  Ensures that contracts with third party vendors are procured, negotiated, tracked and reported in accordance with law and regulation.
  • Ensuring timely and complete financial auditing.

Desired qualifications:
 
Education & experience:  Bachelor of Science in Accounting with a minimum of either a Certified Public Accountant Certificate and/or Graduate courses relating to business and finance. Advantageous prior experiences include:
 
  • Corporate Controller
  • Bank and/or loan underwriting experience 
  • Economic Development Finance Professional certification
  • Providing financial leadership to federal economic development programs, such as New Markets Tax Credits, the Community Development Block Grant (CDBG) program, and US Department of Agriculture financing programs
 
Special Requirements:  A working understanding of the Microsoft Office Suite with emphasis on Excel used in budgeting, forecasting and projections.  Financial Statement review experience with both Balance Sheet and Statement of Operations analysis is also essential.  Experience with QuickBooks reporting and using QuickBooks as an analytical tool is a plus.  Ability to determine financial feasibility of specific projects as they relate to federal and state programs will be helpful in this position.
 
How to apply:
Please send a cover letter, resume, and a listing of three references to HR@monadnock-development.org.  MEDC is an equal opportunity employer. 
 
 

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