Director of Finance

Description

Wellspring, Inc.

Director of Finance

Reports to: Executive Director

Status: Full-Time, Salary, Exempt

Position Summary

The Director of Finance provides strategic and operational leadership for all financial functions, ensuring strong fiscal management, regulatory compliance, and transparent reporting. This role brings deep expertise in nonprofit and fund accounting, government contracts and grants, audit oversight, and internal controls, while producing accurate and timely financial reporting for leadership, the board, and external funders. The Director of Finance oversees financial systems and processes, strengthens risk management practices, and communicates complex financial information clearly across the organization to support sound decision-making and long-term sustainability.

Key Responsibilities

• Provide leadership and oversight for all accounting and financial operations, ensuring compliance with GAAP, nonprofit and fund accounting standards, and accurate tracking of restricted and unrestricted funds.

• Manage financial aspects of government contracts and grants, including budgeting, reporting, reimbursement, and compliance with federal and state regulations, including Uniform Guidance.  
• Prepare and present timely, accurate financial statements, forecasts, and analyses for the Executive Director, senior leadership, Board of Directors, and external funders.
• Lead and coordinate internal and external audits, including preparation for state or municipal audits (e.g., MAAP), ensuring complete documentation, strong controls, and successful audit outcomes.

• Develop, implement, and maintain internal controls, financial policies, and risk management practices to safeguard organizational assets and ensure regulatory compliance.

• Supervise and mentor finance staff, fostering accountability, professional development, and a culture of accuracy, transparency, and continuous improvement.

• Translate complex financial information into clear, actionable insights for non-financial leaders, program managers, and board members to support informed decision-making.

• Partner with organizational leadership to support long-term financial sustainability, cash flow management, and sound financial planning.

Qualifications

• Bachelor’s degree in finance, accounting, business administration, or related field (CPA preferred)
• Strong knowledge of MaineCare/Medicaid reimbursement
• Experience with audits, budgeting, and nonprofit healthcare finance