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Title
Text copied to clipboard!Nonprofit CFO
Description
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We are looking for a seasoned Nonprofit Chief Financial Officer (CFO) to join our team and lead our financial strategy to support our mission. The ideal candidate will have a passion for nonprofit work and a deep understanding of financial management within this unique sector. As a CFO in our nonprofit, you will be responsible for overseeing all financial aspects of the organization, from budgeting and forecasting to financial reporting and ensuring compliance with fiscal regulations. This role requires a strategic thinker who can provide leadership and direction for our financial planning, investment strategies, and fundraising efforts. You will work closely with the CEO and the board of directors to craft financial strategies that align with our organizational goals, optimize our financial performance, and ensure our sustainability. Your expertise will also be crucial in identifying new funding opportunities, managing financial risks, and ensuring that our financial practices support our mission and values. The ideal candidate will have a proven track record of financial leadership in the nonprofit sector, exceptional analytical skills, and a strong commitment to transparency and ethical financial management.
Responsibilities
Text copied to clipboard!- Develop and implement financial strategies aligned with the organization's goals.
- Oversee budgeting, financial forecasting, and cash flow for administration, existing programs, and proposed new sites.
- Ensure compliance with federal, state, and local legal requirements by researching existing and new legislation, consulting with outside advisors, and filing financial reports.
- Advise on long-term business and financial planning.
- Establish and develop relationships with senior management and external partners and stakeholders.
- Review all formal finance, HR, and IT related procedures.
- Supervise investment of funds and manage associated risks.
- Oversee the management and coordination of all fiscal reporting activities for the organization including organizational revenue/expense and balance sheet reports.
- Monitor banking activities of the organization.
- Ensure adequate cash flow to meet the organization's needs.
- Serve as the management liaison to the board and audit committee; effectively communicate and present critical financial matters at select board of directors and committee meetings.
- Contribute to the development of strategic goals and objectives as well as the overall management of the organization.
- Maintain integrity and confidentiality in all financial and personnel matters.
- Implement operational best practices.
- Supervise the accounting department to ensure the proper functioning of all systems, databases, and financial software.
- Provide leadership in strengthening internal communications with staff at all levels throughout the organization; create and promote a positive and supportive work environment.
Requirements
Text copied to clipboard!- Bachelor's degree in Accounting, Finance, or related field; Master's degree preferred.
- Certified Public Accountant (CPA) designation preferred.
- Minimum of 10 years of financial experience and management experience with the day-to-day financial operations in a nonprofit organization.
- Experience in a senior financial-management role, partnering with executive staff, resulting in the development and implementation of creative financial management strategies.
- Significant experience in or knowledge of nonprofit accounting, including sophisticated fund and grant accounting, compliance, and reporting.
- Experience working with information technology staff to manage finance and accounting software packages.
- Excellent analytical and abstract reasoning skills, plus excellent organization skills.
- Demonstrated leadership ability, team management, and interpersonal skills.
- Excellent communication and presentation skills.
- Proven ability to handle confidential information with discretion.
Potential interview questions
Text copied to clipboard!- Can you describe your experience with fund and grant accounting in a nonprofit setting?
- How have you contributed to the financial strategy of a nonprofit organization in the past?
- What experience do you have in managing financial risks and investments for a nonprofit?
- Can you give an example of a financial challenge you faced in a nonprofit organization and how you overcame it?
- How do you approach budgeting for uncertain funding scenarios in a nonprofit environment?
- What strategies have you used to ensure compliance with fiscal regulations in the nonprofit sector?
- How do you ensure transparency and ethical management of finances in a nonprofit organization?
- Can you discuss your experience with financial reporting and presenting to a board of directors?
- What role do you believe a CFO plays in fundraising and development efforts?
- How do you stay updated with changes in nonprofit financial regulations and best practices?