Chief Financial Officer
Washington, DC, USA | Non Profit Organization
Industry:Non-Profit / Social Enterprise
Functions:Accounting / Control
Job Description:115 people have viewed this job
Reporting to the President and CEO, the Chief Financial Officer (CFO) is responsible for all aspects of financial plans and accounting practices of the Foundation, including but not limited to, treasury management, accounting and financial reporting, regulatory compliance, budgeting, financial analysis and audit activities of the Foundation. The CFO will build and manage effective and streamlined administrative/financial systems including physical infrastructure to support substantial growth of the Foundation.
As a member of the senior management team, the CFO is involved in strategic planning, evaluation, and professional development initiatives.
SPECIFIC RESPONSIBILITIES INCLUDE:
Partner with the president on all operational and strategic issues as they arise; provide strategic recommendations to the president based on financial analysis and projections, cost identification and allocation, and revenue/expense analysis.
Participate in the ongoing strategic planning process as an integral member of the senior management team.
Oversee long-term budgetary planning and cost management in alignment with the Foundation’s strategic plan.
Engage the vice president (VP) of development to align financial management with short- and long-term financial planning and projections.
Engage the board finance committee around issues, trends, and changes in the operating model and operational delivery.
Financial and Operational Management
Oversee budgeting, and the implementation of budgets, so as to monitor progress and present operational metrics both internally and externally.
Ensure that finance staff maintains financial record systems in accordance with Generally Accepted Accounting Principles, and monitor the use of all funds.
Oversee the preparation and approval of all financial reporting materials and metrics for funding organizations and LFA board of directors; prepare and communicate monthly and annual financial statements.
Manage cash flow and forecasting; direct all financial, project-based, and departmental accounting.
Ensures compliance with any and all financial and contract reporting requirements for private or public finding, licensing, or regulatory agencies.
Provides staff support to the Finance and Audit Committees of the Board.
Coordinate all audit activities.
Evaluate and oversee all benefits negotiations, thus providing the most competitive packages for the Foundation’s employees.
Review all formal finance-, HR (including payroll)-, and IT-related procedures, processes, and administration, recommending improvements to the systems in place and oversee the systems going forward.
Oversee the Foundation’s physical infrastructure, physical facility, and system maintenance (phone system, security, supplies, etc.)
Develop and manage direct staff, to include managers in finance and HR; guide larger multi-disciplinary teams outside of direct span of control.
Engage other members of the senior management team to facilitate cross-department collaboration that ensures that all financial, IT, and HR solutions positively support the Foundation’s evolving strategy, operational delivery, and data collection needs.
The CFO will be a seasoned and mature leader with at least 12-15 years of broad finance experience, ideally beginning in audit, followed by experience gathering and evaluating financial information and making actionable recommendations to senior leadership. S/he will ideally have experience managing finance (accounting, budgeting, control, and reporting), HR, and IT for a national nonprofit.
The CFO will have the following experience and attributes:
A minimum of a BS and CPA/CMA; an MBA would be a plus.
Mature and proactive, with evidence of having worked as a true business partner to the chief executive of a multi-state and network-based entity. If coming from the for-profit world, nonprofit board experience preferred.
Demonstrated excellence in managing finance, accounting, budgeting, control, and reporting.
Skill in examining, developing, reengineering, and recommending financial, HR, and technology policies and procedures.
Strong analytical skills and experience interpreting a strategic vision into an operational model.
A collaborative and flexible style, with a strong service mentality. Needs to be seen as a team player who is committed to lifelong learning.
A hands-on manager with integrity and a desire to work in a dynamic, mission-driven environment.
An effective communicator, with strong oral and written skills.
Strong commitment to developing team members.
Demonstrated commitment to the social sector with a passion for the organization’s mission is essential
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