THE OPPORTUNITY

Maine Community Foundation (“MaineCF”) is building a better Maine – more equitable, vibrant, and prosperous – by bringing people and resources together. Through partnerships and broad community leadership based on shared values, our work supports positive individual and population-level change. Started with a $10 contribution in 1983, MaineCF now is the only statewide community foundation and second-largest foundation overall with assets of $800 million and growing. Our team of 50+ professional people – with relationships with local, nonprofit, and state leaders across all 16 Maine counties – gives MaineCF a unique ability to make community investments that make a difference for people across the state. You can learn more about us by visiting our website: www.mainecf.org.

As we move into our fifth decade of work, we are mindful that the communities we serve are confronting myriad challenges and that people of color, people living in rural communities, and those with low incomes continue to lack access to necessary services. MaineCF is committed to addressing the big challenges facing Maine in collaboration with our donors, nonprofits, government leaders, and business partners.

THE POSITION

MaineCF is looking for its next Vice President of Finance and Chief Financial Officer (VP/CFO). Reporting to the Chief Executive Officer and working alongside other members of the Management Team, the VP/CFO oversee all financial functions of the organization, including budgeting, financial planning and analysis, investment management, and fiscal operations. This role is critical to ensuring MaineCF’s long-term financial health and its ability to deliver on its mission throughout the state. The VP/CFO will provide strategic financial leadership and manage a team of eight individuals. Direct reports to the VP/CFO include the Senior Director of Finance, the Investment Accounting Manager, and the Team Administrator.

MaineCF employs a team of 54 staff who work from the main office in Ellsworth, a second office in Portland, and remotely throughout the state. We invest in our own people and processes to ensure we can help our neighbors thrive. By strengthening our financial systems and aligning resources with the needs of Maine communities, MaineCF will be positioned to better serve the people of Maine. This is an exciting opportunity for a strategic financial leader who is energized and inspired by the opportunity to shape the foundation’s financial future and contribute meaningfully to the advancement of MaineCF’s mission.

Key Priorities And Responsibilities

The Vice President of Finance and Chief Financial Officer is responsible for the review, analysis, and evaluation of the day-to-day finances of the Foundation. The VP/CFO is a steward (protecting financial integrity), an operator (running efficient finance functions), a strategist (guiding long-term direction), and a catalyst (driving performance across the organization).

Primary Duties Include

Financial Strategy & Leadership

Develops and implements long-term financial strategies aligned with organizational goals. This includes evolving the foundation’s business model to support its community leadership role
Serves as a key advisor to the CEO, board, and executive team on financial performance and strategy
Balances growth, risk, and return to optimize the organization’s financial position
Serves as the primary staff liaison with the Finance & Audit Committee and the Investment Committee
Serves as the Treasurer for the board
Serves in “capacity of” CFO for all supporting organizations

Financial Planning & Analysis

Oversees the process for budgeting, forecasting, and financial forecasting/modeling
Monitors financial performance against targets and provides insights for decision-making
Identifies opportunities for cost optimization, revenue growth, and operational efficiency
Analyzes and interprets financial information related to the Foundation’s performance; makes recommendations on business policy, resource allocation, and business operations

Accounting & Financial Reporting

Ensures accurate and timely financial statements, consistent with GAAP/IFRS or other regulatory requirements
Maintains transparency with internal and external stakeholders (board, investors, regulators, donors)
Oversees the preparation of the Foundation and supporting organizations’ 990 and related tax returns for all required federal and state governments
Oversees the annual audit in compliance with FASB regulations and GAAP for the Foundation, related supporting organizations and other entities
Oversees expenditures of the Foundation, including check signing and asset transfers

Risk Management & Compliance

Identifies and mitigates financial risks
Ensures compliance with tax laws, FASB, and State and Federal accounting regulations, and reporting standards
Oversees internal controls and governance practices

Capital Management & Treasury

Manages cash flow, liquidity, and working capital to support operations and growth
Oversees investment strategies and capital allocation
Serves as the internal liaison to external investment partners/firm
Reviews quarterly income allocation for the various investment pools
Manages debt, banking relationships, and fundraising/investor relations

Strategic Initiatives

Creates financial and investment framework to support MaineCF strategic initiatives
Provides data-driven insights to support strategic initiatives
Directs unique and strategic financial partnerships to drive greater community impact
Helps design performance metrics that drive accountability and efficiency

Fundholder Services

Creatively supports MaineCF’s role as provider of philanthropic infrastructure to facilitate charitable giving in Maine and maximize assets
Serves as the finance and investment lead on significant donor relationships
Assists staff with donor relations as needed

Leadership & Team Development

Builds and leads the finance and investment team, ensuring strong technical skills and strategic thinking
Fosters a culture of financial discipline and ethical responsibility
Acts as a mentor and partner to other leaders in financial literacy and decision-making

Other Responsibilities

Participates and provides leadership in organizational management as a member of MaineCF’s senior management team
Performs the duties of a department manager, including interviewing, hiring, scheduling, training, supervising, evaluating, recognizing and disciplining direct reports, setting employee goals and objectives, resolving employee issues, and ensuring compliance with the Employee Handbook and related personnel policies

Other Duties And Responsibilities

Perform other duties as assigned

Committees/Teams

Management Team (member)
Finance Team (supervisor)
Finance and Audit Committee of the Board (internal VP liaison)
Investment Committee of the Board (internal VP liaison)
Risk and Technology Committee of the Board (internal staff member)

Minimum Qualifications/Experience

We are seeking an individual with the following minimum qualifications/experience:

A combination of education and experience equivalent to the needs of the role with a minimum of ten years of relevant work experience
Knowledge of Generally Accepted Accounting Principles and Financial Accounting Standards as they apply to the nonprofit industry
Understanding of finance (cash flow, income statement, balance sheet, revenue, expense, etc.)
Working knowledge of investment management, financial markets, accounting and charitable gift planning strategies
Flexible and able to work productively with MaineCF’s board finance and audit and investment committees, CEO, management and staff, and outside audit and investment firms
Ability to form strong working relationships internally and with fundholders and external finance and investment partners
Excellent customer service ethic
Strong research, due diligence, and project management skills
Strong written and verbal communications skills
Strong attention to detail
Ability to exercise considerable independent judgment and sound decision-making
Proven experience in making difficult decisions and setting priorities
Strong work ethic
Ability to set goals, prioritize tasks, and manage simultaneous projects
Undergraduate degree required (accounting, related business degree, or equivalent)

Preferred Experience And Skills

The following preferred qualifications are desirable and will contribute to employee effectiveness but are not essential to carrying out the day-to-day functions of the job.

Finance experience at a community foundation or other philanthropy
Understanding of endowment-style investing
Familiarity with impact investing

CHARACTERISTICS OF AN IDEAL CANDIDATE

Qualifications

MaineCF’s next VP/CFO will be an experienced finance leader with deep experience and commitment to our mission. While no one candidate will embody all the qualifications enumerated below, the ideal candidate will possess many of the following professional and personal abilities, attributes and experiences:

Commitment to service to donors, nonprofit organizations, and grantmaking volunteers
Ability to meet comfortably with strategic partners, external stakeholders, and donors
Commitment to support the needs of the board of directors and various committees
Ability to maintain open and effective communication with all departments within the Foundation; work as a member of the team in the performance of duties
Ability to work well with others
Reliability and trustworthiness
Organization and ability to juggle multiple tasks
Performance of duties in a conscientious and cooperative manner
Ability to maintain confidentiality for all information concerning MCF business, its employees, and its donors, as well as other appropriate information
Willingness to share our commitment to equity and use equity to inform their work
Understanding and implementations of Foundation policies and procedures

LOCATION OF THE ROLE

This is an on-site position based at MaineCF headquarters in Ellsworth, Maine, and the selected candidate must live in Maine or establish Maine residency within three months of hire. The position will also entail occasional travel to MaineCF offices in Portland and other locations throughout the state.

Ellsworth is a charming coastal town located in the beautiful Downeast region of Maine. Ellsworth and surrounding communities offer a blend of local culture and natural beauty. Situated as a gateway to Acadia National Park, with its pink granite peaks, stunning ocean views and one-of-a-kind carriage roads that offer year-round recreation, the region has exceptional opportunities for hiking, camping, kayaking, fishing, and more. The town hosts weekly farmers markets where locals gather to enjoy fresh produce, artisan goods and live music. It is home to several notable art galleries and cultural events that highlight the region’s creative spirit.

We welcome and encourage all qualified candidates to apply – those from Maine who understand the state’s culture, geography, opportunities and challenges and have existing local professional networks and those who bring perspective and experience from out of the state.

Compensation And Benefits

MaineCF offers a competitive wages and benefits package. The base compensation range for this position is $175,000 – $205,000, with a generous benefits package including medical, dental and vision insurance, paid vacation, paid holidays, short-term, long-term disability and life insurance options, retirement plans with a company contribution and more.

TO APPLY

More information about Maine Community Foundation may be found at: www.mainecf.org.

This search is being led by Ellen LaPointe and Ebony Breaux-Liang of NPAG. We invite applications with a resume and cover letter, outlining your interest and qualifications, via the portal on NPAG’s website (https://www.npag.com/mainecf-vpcfo).

Should you have questions, candidate nominations or if you need assistance or accommodations in the application process, please contact Ebony Breaux-Liang at ebony@npag.com.

Maine Community Foundation is an equal opportunity employer and proudly values diversity. Candidates of all backgrounds are encouraged to apply.

Maine Association of Nonprofits (MANP)

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