Job Overview: Chief Financial Officer
The Baltimore Civic Fund strives to serve as a hub for connection and coordination between the City of Baltimore and the philanthropic community by building relationships and growing support for priority projects. Working alongside the Mayor of Baltimore and City leadership, the Civic Fund helps realize a vision of an inclusive city where all Baltimore residents prosper.
As the fiscal sponsor for the City of Baltimore, the Baltimore Civic Fund serves as the financial backbone for public-private partnerships between innovative City programs and the philanthropic community. In this role, the Civic Fund manages over $20 million annually for more than 100 City programs that promote business and economic development, education, culture and the creative economy, job growth, and more.
Our services allow City agencies to raise funds and accept philanthropic investments, while providing the assurance to investors that contributions are managed with the highest level of integrity and accuracy.
We are looking for an experienced Chief Financial Officer (CFO) to oversee our organization’s finances and general business operations. The Civic Fund is undergoing a strategic planning process to consider expanding its scope of services, which may impact the volume and complexity of its financial needs. As we continue to grow, we seek a dedicated and strategic CFO to lead our financial operations and ensure the organization's financial health and sustainability.
The CFO role is a key member of the senior management team, reporting only to the President and CEO. This position maintains management of diverse financial and business operations, which requires an experienced and efficient leader with excellent people skills, business acumen and exemplary work ethic.
Responsibilities
- Financial Leadership & Strategy
- Develop and execute financial strategies that support the mission and growth of the organization.
- Partner with the CEO and Board of Directors to set financial goals and long-term strategic plans.
- Provide financial insights and recommendations to enhance organizational effectiveness and sustainability.
- Oversee financial planning, budgeting, and forecasting to ensure resources are aligned with organizational priorities.
- Prepare and present regular financial reports to the Board of Directors, highlighting key financial metrics, trends, and risks.
- Ensure the Board and CEO are well-informed on financial performance and potential challenges.
- Support Board of Directors Investment Committee on management of the Civic Fund’s investment portfolio.
- Financial Management & Operations
- Manage day-to-day financial operations, including accounting, payroll, accounts payable/receivable, and cash flow management.
- Review monthly, quarterly, and annual financial statements and reports for internal stakeholders and the Board of Directors.
- Implement and maintain financial controls to ensure compliance with regulations, policies, and best practices.
- Coordinate the annual audit and tax filing processes, working with external auditors.
- Oversee the financial aspects of the Civic Fund’s programmatic grants and fundraising activities, ensuring proper budgeting, reporting, and compliance with funder requirements.
- Risk Management & Compliance
- Ensure the organization complies with all local, state, and federal regulations, as well as internal policies related to financial management.
- Identify and mitigate financial risks that could impact the organization’s sustainability.
- Ensure timely and accurate tax filings and compliance with nonprofit financial regulations.
- Team Leadership & Development
- Directly manage small finance team.
- Lead, mentor, and develop the Director of Finance and Staff Accountant to foster a high-performance environment and ensure efficient fiscal management and operations.
- Provide training and support for staff on financial policies and procedures.
Qualifications
- CPA or MBA required
- Bachelor's degree in Accounting, Finance, Business Administration, or related field
- Minimum of 8 years of experience in financial management, with at least 5 years in a leadership role within a nonprofit or small organization.
- Strong knowledge of nonprofit accounting principles, tax laws, and financial regulations.
- Experience with financial planning, budgeting, and forecasting.
- Proven ability to manage financial reporting and compliance with external audits.
- Excellent analytical and problem-solving skills.
- Demonstrated ability to communicate complex financial information to non-financial stakeholders.
- Strong organizational and project management skills, with the ability to manage multiple priorities and deadlines.
- Proficiency in accounting software and Microsoft Office Suite (experience with Sage Intacct preferred).
- Passion for the mission and values of the organization.
Compensation & Benefits
- Competitive salary based on experience.
- Comprehensive benefits package, including health insurance, retirement plans, and paid time off.
- Professional development opportunities and a collaborative work environment.
