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Vice President, Finance & Administration/CFO

St. Paul, MN, USA | Net Impact

  • Industry:
    Non-Profit / Social Enterprise
  • Position Type:
  • Functions:
    Accounting / Control
    Finance (Internal)
    General Management
  • Experience:
    10-12 years
Job Description:
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The Vice President, Finance & Administration/CFO reports to the President and CEO, and is a key member of the executive leadership team. The Vice President, Finance & Administration/CFO works closely with staff across the Foundation to ensure the highest level of stewardship of the Foundation’s assets, supervising the Finance and Administration staff, and working with the Board’s Investment and Audit Committees. 


The new CFO will also actively participate in guiding and implementing the Foundation’s DEI strategy, approach, and implementation. Specifically, the Vice President, Finance & Administration/CFO will be responsible for:


Finance and Administration


• Lead development of operational policies and practices for NWAF’s finance and administration team


• Manage costs and profitability, making sure expenditures are consistent with the organization’s budget, goals, and mission


• Oversee all members of the Finance and Administration team in their management of all aspects of accounting, financial, operations, investment management, grants and contracts, and information technology


Investment Management


• Oversee the entire investment function including mission investing, working with NWAF’s investment managers to implement strategies adopted by the board and Investment Committee, including asset allocation and other strategic decisions


• Manage transition to new CFO-led investment management strategy


• Collaborate with NWAF investment consultant, investment managers and Board Investment Committee to implement investment strategy and oversee all investment activity


• Work with NWAF’s investment consultant to monitor manager investment performance and compliance with NWAF guidelines and to provide appropriate reporting to the Investment Committee and Board


• Develop and extend networks in investment, community development, philanthropy and advocacy fields as a means to identify opportunities and capture important information relevant to potential deals and other trends


• Continue to identify and amplify investment managers of color, both for NWAF and the field


• Support Board Investment Committee and program staff in creating


innovative investment strategies to better serve NWAF’s region


• Promote a Foundation-wide understanding of mission investing


• Consult with legal counsel as required on legal matters related to NWAF’s investment program


• Work with NWAF’s Audit, Investment, and other relevant Board Committees


to keep them well-informed and leverage their collective expertise to assess the organization’s financial condition, appropriate reporting, compliance


with applicable regulation, and relative risk/return of potential investments and refine investment strategy and policy


Executive Leadership


• Serve as a member of the executive leadership team responsible for organizational policy development and planning


• Partner with the CEO to determine and implement organizational strategy


• Collaborate with Program Director on grant making strategy refresh and implementation, as well as mission investment decisions


• Partner with CEO and DEI manager on all DEI efforts to ensure that NWAF’s


diversity, equity and inclusion plan is infused in all aspects of the organization, including in finance, administration, and investment-related activities, as the Foundation continues its DEI journey


• Provide mentorship and leadership for the professional growth of the


Finance and Administration team


• Lead data analysis and information sharing throughout the organization to aid in decision-making and strategic direction, including supporting longrange planning and business modeling with financial and economic insights


• Work across the organization, including with the executive leadership team, to develop the Foundation’s annual operating budget


• Remain current and knowledgeable about legal, accounting, tax, and public policy matters related to foundations and philanthropy


Compliance


• Comply with all state and federal reporting requirements


• Oversee preparation of annual financial statements in compliance with


generally accepted financial principles and coordination of annual


independent financial statement audit


Profile of the Successful Candidate


NWAF is deeply committed to equity, diversity, and inclusion, and seeks to continue


to have a diverse workforce to promote effective work in partnership with all


communities and population groups in the region. The Foundation seeks a leader with strong financial and strategic acumen; familiarity with the foundation environment;


a commitment to the power of philanthropy and the common good;


strong curiosity and the desire to continue learning;


a passion for inclusivity and equity with an innovative mindset to how organizational DEI goals can be integrated into finance, administration, and investment-related activities;


a collegial work style; a sense of humor; and the dedication to work hard toward the foundation’s mission of promoting philanthropy and improving the quality of life in the region.


Within this framework, NWAF seeks a Vice President, Finance & Administration/CFO with the following attributes: 


• Fluency in financial strategy, trends, and reporting


• Mastery of accounting processes, systems, and generally accepted accounting principles (GAAP), along with a solid understanding of other pertinent tax regulations and state and federal laws


• Experience with integrated grants and accounting systems; excellent working knowledge of office and enterprise systems technologies


• Sharp investment acumen, evidenced by experience in working either in foundations, family offices or wealth management


• A deep commitment to diversity, equity, and inclusion, as well as willingness to pursue an investment strategy that reflects that commitment


• Knowledge of impact investing and a commitment to making investments that are mission-aligned


• Ability to clearly and effectively communicate with the board, executive team, broader staff, and external contacts, with the ability to engage the rest of the organization in relevant financial discussions


• Ability to lead, develop and mentor staff


• Demonstrated interest in philanthropy and in serving community needs through using finance and investment strategies in innovative ways


• Collaborative, humble and team-oriented work style


• Strong manager and relationship builder


The Vice President, Finance & Administration/CFO may also have:


• A college degree in business, accounting or a related field or equivalent education and experience


• A minimum of ten years with senior-level management experience within finance and/or accounting departments


• Familiarity with non-profit finance and governance


• A CPA certification or MBA in finance 


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