The Regional Planning Commission (RPC) Finance Director is a critical leadership role responsible for overseeing all financial activities of the organization. This position demands a blend of technical expertise, strategic thinking, and effective communication skills, as the director serves as a key advisor to the Executive Director and the RPC Board of Commissioners on all financial matters.
A primary function is the development and management of the annual operating budget. This involves collaborating with department heads to forecast revenue and expenditures, meticulously analyzing historical data, and understanding the complexities of funding sources, which often include federal, state, and local grants. The director must ensure the budget aligns with the RPC’s strategic plan and is compliant with all applicable regulations and accounting standards.
Financial reporting is another core responsibility. The Finance Director prepares regular financial statements, including balance sheets, income statements, and cash flow statements, providing a clear and accurate picture of the RPC’s financial health. These reports are used internally for decision-making and are also presented to the Board of Commissioners, auditors, and funding agencies. Transparency and accuracy are paramount in this area.
Grant management is often a significant component of the role. The director oversees the financial aspects of grant applications, ensuring compliance with grant requirements and managing the disbursement and tracking of grant funds. This includes maintaining detailed records, preparing financial reports specifically tailored to each grant, and working closely with program staff to ensure projects stay within budget.
The Finance Director is responsible for implementing and maintaining a strong system of internal controls to safeguard the RPC’s assets and prevent fraud. This involves developing and enforcing policies and procedures related to cash management, accounts payable, accounts receivable, and procurement. Regular audits are conducted to ensure compliance and identify areas for improvement.
Beyond these core functions, the director plays a strategic role in financial planning and analysis. This may involve evaluating the financial impact of new initiatives, developing long-term financial projections, and identifying opportunities to improve efficiency and cost-effectiveness. They must stay abreast of changes in accounting standards, tax laws, and government regulations that could impact the RPC’s finances.
Effective communication is crucial. The Finance Director must be able to clearly explain complex financial information to non-financial audiences, including the Board of Commissioners, staff, and the public. They need strong interpersonal skills to collaborate effectively with colleagues across different departments and to build relationships with external stakeholders, such as auditors, bankers, and funding agency representatives.
In summary, the RPC Finance Director is a vital steward of the organization’s financial resources, ensuring its long-term financial stability and enabling it to effectively fulfill its mission of regional planning and development.