The Chief Financial Officer (CFO) provides strategic management of the accounting, finance and compliance functions ensuring the financial success of the organization’s strategic goals. Responsible to the Chief Executive Officer, the CFO leads all financial initiatives that produce accurate reporting, maximization of revenues within each contract, and optimal utilization of resources.
As a key member of the Executive Team, the CFO participates in the agency-wide long- and short-term planning process and participates in the overall strategic leadership of the organization.
The CFO directs all the organization’s financial management including all financial functions of Business Planning & Financial Analysis, Controllership, and Fiscal Reporting & Administration. The CFO supports the Finance and Audit committees and the Portfolio workgroup of the Board of Trustees. Establishes and communicates fiscal strategies, policies and procedures while applying a fiscal perspective in all agency decisions.
DUTIES
Summary
The Chief Financial Officer (CFO) provides strategic management of the accounting, finance and compliance functions ensuring the financial success of the organization’s strategic goals. Responsible to the Chief Executive Officer, the CFO leads all financial initiatives that produce accurate reporting, maximization of revenues within each contract, and optimal utilization of resources.As a key member of the Executive Team, the CFO participates in the agency-wide long- and short-term planning process and participates in the overall strategic leadership of the organization. The CFO directs all the organization’s financial management including all financial functions of Business Planning & Financial Analysis, Controllership, and Fiscal Reporting & Administration. The CFO supports the Finance and Audit committees and the Portfolio workgroup of the Board of Trustees. Establishes and communicates fiscal strategies, policies and procedures while applying a fiscal perspective in all agency decisions.
Essential Duties
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Responsible for the financial success and sustainability of the organization and its strategic goals.
- Leads the financial and budget management for the agency in accordance with generally accepted accounting principles, contract requirements and internal policies and procedures.
- Manages the development and monitoring of budgets; develops financial business plans and forecasts. Directs the development and utilization of activity-based financial analyses to provide insight into the organization’s operations and business plans.
- Partners with programs to develop long-range plans and financial forecasts to effectively steward agency business units.
- Serves as a liaison to external stakeholders (partners, auditors, agencies, and funders) to advocate for and negotiate contract terms and conditions (e.g., payments, reimbursements, and rates).
- Advises agency business development activities by creating financial models to determine viability/profitability of new CII business opportunities and providing due diligence and integration support.
- Develops key metric indicators and dashboards to highlight the financial status of program earnings.
- Provides direction on special projects related to Finance, including New Market Tax Credit loans and financing.
- Spearheads the budgeting relationship between program leads and Finance. Continuously monitors the budgeting process by clarifying workflow and mandating the active engagement of departments in financial responsibility.
- Delivers guidance on insurance and risk management applicable to agency operations.
- Participates in the constant monitoring and auditing of the contribution of CII funds for agency retirement plans. Partners with broker to ensure CII funds are invested in alignment with agency financial goals.
- Manages CII compliance with public/private grants and donation restrictions.
- Accountable for CII's investment portfolio and the endowment. Engages with the Board of Trustees committees as needed to develop short-, medium-, and long- term financial plans and projections, including audit review and investment management.
- Directs the finance department to ensure proper maintenance of all accounting systems and functions, maintenance of appropriate internal controls and financial procedures.
- Ensures timeliness, accuracy, and usefulness of financial and management reporting for federal and state funders, foundations, and the Board of Trustees. Oversees the preparation and communication of monthly, quarterly, and annual financial statements, coordinates audits and timely filing of tax returns.
- Actively participates in and takes primary responsibility for the performance management process in respective area, including clearly communicating its priority, objectives, expectations, and ensuring adherence to the process deadlines.
- Plays a vital role in creating and promoting CII’s culture by providing a sense of vision, purpose, reinforcing CII’s mission.
- Champions employee privacy, including protecting the confidentiality, safeguarding the integrity and availability, and limiting the use and disclosure of staff PII (Protected Identifiable Information) and PHI (Protected Health Information) to authorized individuals and entities.
Additional Duties
- Other duties and special projects as assigned.
Supervisory Responsibilities
- Responsible for the overall direction, coordination, and evaluation of the direct reports.
- Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
Qualifications
EDUCATION & EXPERIENCE
- 10+ years of executive-level financial planning experience in a non-profit environment.
- 15+ years of managerial experience.
- Bachelor's degree in Accounting, Finance, or a related field required.
- Master’s degree in Accounting, Finance, or a related field strongly preferred.
Other Qualifications
- Ability to provide strategic solutions at the highest level of the organization.
- Valid driver's license and state-required auto insurance or reliable transportation depending on business needs.
- Required to travel up to 50% of the time.
- Participates in, conducts, and sustains performance quality improvement activities according to designated role and responsibilities.
- Free from alcohol and drug abuse.
CERTIFICATES, LICENSES, REGISTRATIONS
- California Certified Public Accountant (CPA) preferred but not required.
Computer Skills
- Experience with ERPs for fiscal operations (e.g., NetSuite, Workday), expense systems (e.g., Concur) and 3rd party payment systems.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Time Spent [None, -1/3, 1/3 - 2/3, 2/3+]
- Stand: -1/3
- Walk: -1/3
- Sit: 2/3 +
- Reach with hands and arms: 2/3+
- Use hands to finger, handle, or feel: 2/3+
- Climb or balance: -1/3
- Bend, kneel, crouch, or crawl: -1/3
- Talk or hear: 2/3+
- Taste or smell: None
- Carry, push or pull: -1/3
- Lifts Weights or Exerts Force
- Up to 10 pounds: -1/3
- Up to 25 pounds: -1/3
- Up to 50 pounds: None
- Up to 100 pounds: None
- More than 100 pounds: None
Vision Requirements
- No special vision requirements.
WORK ENVIRONMENT
The physical, mental & environmental conditions in which the work is performed. The work environment characteristics described are representative of those an employee encounters while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Time Spent [None, -1/3, 1/3 - 2/3, 2/3+]
Environmental variables that may be indicated as applicable to the position:
- Working near mechanical parts: None
- Work in high, precarious places: None
- Fumes or airborne particles: None
- Toxic or caustic chemicals: None
- Outdoor weather conditions: -1/3
- Extreme cold (non-weather): None
- Extreme heat (non-weather): None
- Risk of electrical shock: None
NOISE LEVEL
Required Training
- New Hire Orientation
- AB-1825: Sexual Harassment Prevention training
- Mandated Reporter Training
- Timekeeping & Attendance
Compensation
$260,000.00 USD - $630,000.00 USD
In accordance with California law, the expected pay range for this position is included in this posting. The actual compensation will be determined based on factors permitted by law. New hires will be offered a salary at the starting point of the range to maintain internal inequity and allow opportunity for future salary growth. CII salaries are determined based on comprehensive internal and external market analysis, as well as the skills, education, and experience relevant to each position.
Benefits
- Generous paid PTO, plus 10 paid holidays and CII is closed between Christmas and New Year
- Excellent medical, dental, and vision insurance for eligible employees and qualified dependents
- 403b Retirement Plan with employer contribution for eligible employees
- Up to $4,500 in tuition reimbursement per calendar year
- Eligible for the Public Service Loan Forgiveness program
- Flexible Spending Account (FSA) & Health Savings Account (HSA)
- Employer paid Life and AD&D Insurance
- Voluntary Supplemental Insurance
- Opportunity for growth & advancement
- Professional development & continued training
- Team building & bonding through company sponsored events & activities
Contingencies
- Influenza immunization or declination
- COVID-19, MMR and Tdap immunizations
- Education verification
- Reference check
- Background fingerprint clearance (FBI, DOJ, CACI) conducted by the California Department of Social Services
- Drug and alcohol screening
- Tuberculosis screening
