Top Stack has been retained by a client in the non-profit space to hire a CFO for a full-time, permanent opportunity.
Reporting to the Chief Executive Officer and as a member of the Leadership Team, the Chief Financial Officer (CFO) directs the fiscal functions and management of the internal budget, is responsible for the financial books and records of the organization including the preparation of periodic financial statements, for the annual audit conducted in accordance with nonprofit generally accepted accounting principles, and, other required reporting. The CFO will also be responsible for partnering with senior management to establish standards and best practices that support the agency's strategic growth plan, as well as managing the overall financial reporting of the agency. This includes developing budgets and timely, accurate monthly financial statements, analyzing budget variances and developing recommendations for improvements.
KEY RESPONSIBILITIES
? Develop credibility for the business office by providing timely and accurate analysis of budgets, financial reports, financial trends, and by effectively developing solutions to business challenges in order to assist the CEO, the Board and others on the Leadership Team in leading the organization and fulfilling the mission.
? Oversee timely completion of monthly general ledger management and accounting close, e.g., accruals, deferred revenue, sub ledger reconciliation and other monthly closing procedures.
? Establish guidelines for budget and forecast preparation, and prepare the annual budget in consultation with the CEO, Senior Leaders, and the Board of Directors
? Drive continual improvement of the budgeting process through education of department directors and managers on financial issues impacting department budgets.
? Assist Program Directors and Project Managers with the preparation of budgets for funding applications.
? Develop a reliable cash flow projection process and reporting mechanism that includes a minimum cash threshold to meet operating needs. Provide strategic financial input and leadership on decision making issues affecting the organization.
? Maintain all banking relationships and initiate strategies to strengthen cash position.
? Monitor compliance with various grant record keeping and billing requirements in alignment with A-133 guidelines.
? Ensure grants are tracked and matched with corresponding expenses within the accounting system.
? Supervise the management of Accounts Receivable, Accounts Payable, Payroll and vendor relationships as necessary.
? Evaluate the finance division regularly and plan for continual improvement of the efficiency and effectiveness of the group.
? Oversee the audit process and manage the relationship with external auditors and tax advisors as required.
CRITICAL COMPETENCIES
? Demonstrated program vision, leadership and personal accomplishments.
? Ability to deliver effective plans and results against short- and long-term goals.
? A results-oriented leader with a record of success in having developed and implemented ethical department strategies that supported an organization moving to the next level.
? A strong grasp of problem solving and financial analysis techniques for nonprofits. MANAGEMENT
? A leader with demonstrated experience leading a culture of success built on collective performance, maintaining department credibility and personal accountability.
? Low tolerance for silos and a high affinity for collaboration and "team".
? Assist in formulating the company's future direction and supporting tactical initiatives.
? The CFO will provide direct supervision of the agency's Accounts Payable/Payroll Specialist and Human Resources Generalist.
PERSONAL VALUES AND CHARACTERISTICS
? An inspiring, consensus-building leader with a bias to action.
? Skills in leading, inspiring and engaging people to produce high-quality results.
? An outstanding, enthusiastic relationship builder with high emotional intelligence.
? An approach that is collegial, collaborative and accessible, yet self-confident and effective.
? A deep-seated passion for the mission, vision and impact of the agency.
QUALIFICATIONS:
? Master's degree in Accounting or Finance preferred. MBA or CPA strongly preferred.
? Demonstrated progressive experience in financial management and accounting, ideally in the nonprofit sector.
? Demonstrated resourcefulness in setting priorities, proposing new ways of creating efficiencies, and guiding investment in people and systems.
? Proven track record in a management or leadership role involving significant decisionmaking authority in the planning, organizing, and directing of accounting functions of the organization,
? Applicants must be proficient in Excel, Word, PowerPoint, Financial Edge, and Raiser's Edge software or other non-profit comparable fund accounting software.
? Excellent written and verbal communication skills.