Chief Financial Officer

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POST DATE 8/16/2016
END DATE 12/19/2016

Roman Catholic Diocese of Worcester Worcester, MA

Worcester, MA
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Full Time
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The Finance Officer oversees all financial and related functions including budgeting, accounting, investments, risk management, contracted benefits, and information systems. He or she also oversees payroll, employee benefits, and cemetery operations. The position serves to encourage, promote, support and strengthen the goals and objectives of the Diocese of Worcester. The Finance Officer is expected to exercise independent judgment and initiative in the performance of day-to-day functions and to work cooperatively with Chancery staff, department heads and pastors.

The essential functions of the position include, but are not limited to, the following:

* Work in collaboration with the Bishop, Vicar General and various consultative bodies including the Diocesan Finance Council, Internal Finance Committee, Diocesan Expansion Fund, Investment Committee, College of Consultors, Presbyteral Council, and Priests' Retirement Board to ensure that the financial assets of the Diocese are properly administered. This includes evaluating opportunities and strategies for improvement of resource utilization and submitting associated recommendations to the Bishop and Diocesan leadership for the Bishop's decision.
* Oversee directly the Office of Fiscal Affairs which includes accounting and budgeting, parish and school finances, information technology, risk management, human resources, payroll, billing and purchasing.
* Lead, in accordance with the direction of the Bishop, the preparation of the annual operating and capital expenditures budgets for the Chancery offices, departments and agencies of the Diocese for the approval of the Diocesan Finance Council and provide ongoing review of expenditures in accordance with the approved budgets.
* Arrange for the preparation of the annual audited financial statements of the Central Administration of the Diocese and programing in departments under its direct jurisdiction, as well as monthly s for the Bishop, Diocesan leadership, and Diocesan Finance Council. Prepare periodic s on the financial condition of the Diocese for dissemination to the general Diocesan community.
* Monitor the financial status of the parishes, schools, and agencies of the Diocese through a system of periodic ing and an ongoing internal evaluation program. Apprise Diocesan leadership of problem situations, present strategies for resolving them, and carry out follow-up action as directed by the Bishop and in collegial collaboration with pastors.
* Develop appropriate recommendations for policies, procedures, and guidelines pertaining to financial systems and accounting controls. Obtain proper approvals and promulgation of them. Collaborate with Diocesan administrators and pastors in implementing, interpreting and monitoring them.
* Secure necessary property, equipment, casualty and liability insurance coverage for the Diocese, parishes, schools, and other participating entities. Confer with brokers, third-party administrators, risk managers, and others on all insurance-related matters. Make decisions as appropriate.
* Propose investment strategies, secure professional managers, and monitor performance for the Diocesan endowment and savings funds, the Diocesan Expansion Fund, and other designated funds. Communicate regularly with consultant(s), portfolio manager(s), and Investment Committee. Review results and evaluate possible strategy changes with the Investment Committee and the Bishop.
* Optimize the cash position and cash flow of the Diocese by handling its short-term investments, credit agreements, and the Diocesan Expansion Fund.
* Administer employee benefit programs provided for Diocesan clergy and lay employees including retirement plans, health insurance, disability, life and workers compensation insurance, and employment transition compensation.
* Serve as primary contact person for the Diocese in its relationships with commercial and investment banks, financial services providers, and certain governmental and regulatory agencies. Interact with legal counsel on civil law matters, including litigation, tax and regulatory questions, estates, and other issues and concerns affecting the Diocese.
* Oversee the development, implementation, and maintenance of the information technology system at the Chancery Offices, as well as computer applications made available to external locations.
* Oversee the management of the Diocesan Cemeteries. Meet regularly with the Director to review operations, finances, program issues, and various decision questions.
* Participate on a variety of Diocesan and related boards and committees either as an active member or as a resource person representing the financial interests of the Diocese
* Cooperate with state, regional and national Diocesan Fiscal Management organizations.



* Undergraduate degree in business administration, finance and/or accounting required. CPA would be desirable. Master's degree in business or finance preferred.
* Ten+ years of progressive financial management and accounting experience including financial systems, not-for-profit ing standards and practices, and supervision of professional staff.
* Knowledge and training in investments, insurance, business law, computer systems and applications, employee benefits, risk management and operating and capital budgeting principles.
* Demonstrated proficiency in Microsoft Office and other appropriate computer applications.
* In-depth knowledge of the Catholic Church, its structures, functions, and institutions, and Church and business-related government regulations. Certification as a Certified Diocesan Fiscal Manager is desirable.


* Due to the nature of this position as an ecclesiastical office, it is required by canon law that the Finance Officer be a practicing Roman Catholic who is registered and active in a parochial or religious community and is "absolutely distinguished for honesty." The Finance Officer must also comply with the Diocese of Worcester Code of Ministerial Conduct.
* Impeccable trust and honesty and ability to handle confidential information appropriately.
* Collaborative team player who participates in identifying the strategic direction of the Diocese and supports the goals and decisions of the Bishop and Diocesan leadership and works well with parish leadership.
* Ability to communicate effectively and present clearly financial s and fiscal concepts to diverse groups and individuals within the Diocesan community, both orally and in writing.
* Possess a creative and quick intellect with capability of developing and implementing effective fiscal policies, procedures, principles, and practices.
* Proficient in the use of personal computers including: word processing, spreadsheet, database and Internet programs.
* Must have advanced knowledge of budgeting principles and practices, accounting principles, investment and financial ing methodologies; experience in strategic planning is desired.
* Must have a high degree of flexibility, the ability to work on multiple projects simultaneously, and a high level of independent thought and initiative.


This position offers comprehensive benefits and retirement plan. Details available from Human Resources.


EXPECTED TRAVEL: minimal overnight travel