Chief Financial Officer

The Chief Financial Officer (CFO) is responsible for the leadership and oversight of the Community Foundation's financial and administrative functions. This includes developing and managing a comprehensive financial strategy aligned with the Community Foundation's mission and long-term goals. The CFO is a strategic thinker with deep experience in nonprofit financial management, investment strategies, and operational excellence.

The CFO works closely with the President & CEO, is a member of the Leadership Team, participates in Board of Directors meetings, and provides staff leadership to the Finance Committee, Investment Committee, and a new Impact Investing Committee.

ESSENTIAL FUNCTIONS:

Strategic Financial Leadership

• Optimize financial analysis and planning and ensure fiscal sustainability to support organizational mission.
• Serve as a financial advisor to the Board, President & CEO, and Leadership Team, providing expert financial insights to inform executive and Board-level decision-making.
• Lead all accounting and finance functions, including recording contributions, fee calculations, investment income allocations, quarterly financial statements, fund holder statements, and proper internal controls.

Financial Operations and Analysis

• Supervise all aspects of financial planning, forecasting, reporting, and budgeting.
• Provide financial analysis and reports as requested by the Board, the President & CEO, and other Leadership Team members to support actionable insights and ensure data-driven decision-making including use of reports, queries, and data dashboards.
• Oversee fund administration, maintaining accuracy, donor intent, and administration in accordance with fund agreements in a close working relationship with the Development Team.
• With the Vice President of Development, lead the complex gift team (e.g. real estate) through the review, analysis, documentation, and decision process.

Investment and Endowment Management

• Serve as staff lead to the Investment Committee, working with President & CEO, Committee Chair, and investment consultant to support effective investment management.
• Provide oversight of investment pools, including strategy, performance, and compliance with policies.
• Facilitate Investment Committee review of Investment Policy Statement, investment consultant and advisors, asset allocation, and fees and distribution rate.
• Provide financial analysis to Investment Committee for use in determining fees and distribution rate.
• Lead the design and execution of an impact investing strategy that generates both financial returns and social impact.

Audit and Tax Compliance

• Maintain relationship with CPA firm for audit and tax return preparation.
• Oversee coordination of audit activities, including planning, fieldwork, and delivery of the audit report to the Board.
• Ensure compliance with federal, state, and local regulations and industry best practices

Budgeting and Fiscal Responsibility

• Lead the budget and projections process to build and maintain organizational strength, including coordinating the development of the budget.
• Design and implement strategies to balance the Community Foundation's budget, ensuring long-term sustainability.
• Identify cost-saving opportunities and revenue generating initiatives to enhance financial health.
• Monitor the approved budget through quarterly financial reviews and mid-year projections.

Facilities & Technology

• Oversee short-term maintenance of the Torch Press Building, vendor relations, and planning for long-term maintenance.
• Supervise administration of technology system, strategy, and cybersecurity for Community Foundation.

Human Resources Management

• Oversee human resources functions, including policies, payroll, benefits, hiring, and orientation.
• Monitor employee benefits administration, including performing annual evaluation of all employee benefits.
• Coordinate performance management, including performance assessments and goal setting.
• Support on-going managerial training.
• Work with President & CEO to lead annual compensation decisions.

Team Leadership

• Lead and mentor the finance team, fostering a culture of excellence and continuous improvement.
• Collaborate with other teams to align financial goals with organizational priorities.

Leadership Team Member

• Serve as a member of the Community Foundation Leadership Team to:
  
  • Formulate strategy and direction for the organization
  • Manage for operational excellence
  • Maintain a positive work culture
  • Steward the mission, vision, and values of the Community Foundation.

COMPETENCY:

• High level of accounting and finance knowledge
• Strong analytical and strategic leadership
• Creative problem solver and critical thinker
• Ability to lead a team
• Mature judgement and decision-making
• Well-organized self-starter with the ability to handle multiple complex assignments
• Excellent verbal and written communication
• Experience working with boards, committees, and donors
• Excellent internal and external customer service skills
• Personal qualities of integrity, trustworthiness, and a commitment to the Community Foundation's mission
• Excellent computer skills and ability to learn specialized foundation management system
• Understanding of cyber-security practices to safeguard organizational information
• Demonstrated commitment to support Community Foundation DEI and racial equity work

SUPERVISORY RESPONSIBILITIES: Finance team staff as determined.

POSITION TYPE AND EXPECTED HOURS OF WORK:

• Full-time
• Office hours: Monday Friday, 8:30 a.m. 4:30 p.m.
• This position is primarily on site, but flexible work arrangements may be considered.

EDUCATION AND EXPERIENCE:

• Bachelor's degree or MBA in accounting, finance, or related discipline required.
• Ten or more years of increasing responsibility in financial management and accounting, including advanced knowledge of fund accounting, finance, and general business administration.