Position Summary
The Chief Financial Officer (CFO) is a key member of the executive leadership team and is responsible for overseeing the financial strategy, planning, and operations of the organization. The CFO ensures the nonprofit’s financial health and sustainability by providing strategic direction, financial stewardship, and operational leadership. This role oversees budgeting, forecasting, financial reporting, compliance, audit coordination, cash flow management, and risk management while supporting the organization’s mission and long-term goals.
Key Responsibilities
- Lead the organization’s overall financial strategy and advise the Executive Director/CEO and Board of Directors on financial planning and sustainability.
- Oversee the preparation of annual budgets, forecasts, and long-range financial plans.
- Manage all accounting operations, including general ledger, accounts payable/receivable, payroll, financial reporting, and month-end/year-end close processes.
- Ensure timely and accurate preparation of financial statements in accordance with applicable accounting standards and nonprofit reporting requirements.
- Monitor cash flow, investments, reserves, and liquidity to support operational needs and strategic priorities.
- Oversee grant budgeting, tracking, reporting, and compliance with funder restrictions and donor requirements.
- Lead audit preparation and serve as the primary liaison with external auditors, tax advisors, and regulatory agencies.
- Ensure compliance with federal, state, and local financial, tax, and regulatory requirements, including IRS Form 990 filing.
- Develop and maintain internal controls, financial policies, and risk management practices to safeguard organizational assets.
- Provide financial analysis and reporting to support strategic decision-making, program evaluation, and resource allocation.
- Partner with operational and program leaders to align financial management with mission-driven objectives.
- Present financial reports and key insights to the Board of Directors, Finance Committee, and executive leadership team.
- Evaluate and improve financial systems, processes, and reporting tools to enhance efficiency and transparency.
- Supervise and develop finance and accounting staff, fostering a culture of accountability, collaboration, and continuous improvement.
Qualifications
- Bachelor’s degree in Accounting, Finance, Business Administration, or related field required.
- CPA, MBA, or other advanced financial credential preferred.
- 10+ years of progressive finance and accounting leadership experience, with significant experience in the nonprofit sector.
- Strong knowledge of nonprofit accounting, fund accounting, grant compliance, and restricted funding.
- Experience with budgeting, forecasting, audit management, internal controls, and board reporting.
- Demonstrated success leading financial strategy in a mission-driven organization.
- Strong understanding of financial systems and reporting tools; experience with ERP or nonprofit accounting software preferred.
- Excellent leadership, communication, and presentation skills.
- Ability to translate complex financial information into clear, actionable guidance for non-financial stakeholders.
Preferred Experience
- Experience supporting organizations with multiple funding streams, including grants, donations, and government contracts.
- Familiarity with financial planning, cash management, business analytics, management reporting, and risk management. Based on general knowledge.
- Experience improving financial processes, systems, and operational efficiency. Based on general knowledge.
