CFO

Vaco by Highspring • New Brunswick, New Jersey, United States • $275k - $300k / year • 5d ago

Client: Non Profit Development Organization
Role: Chief Financial Officer
Salary: $275,000 - $300,000/annually + Bonus

Location: New Brunswick, New Jersey (*5 days a week onsite*)

Role Overview

As a key member of the executive leadership team, you will partner directly with the President to drive the organization’s strategic vision and financial sustainability. You will oversee all aspects of financial management, from high-level capitalization strategies and board relations to the rigorous oversight of accounting operations, regulatory compliance, and risk mitigation.

Core Responsibilities

Executive Strategy & Leadership

Strategic Planning: Collaborate with the President and executive team to develop, implement, and assess the organization’s long-term strategic plan.
Organizational Growth: Identify and execute tactics to facilitate organizational success and ensure objectives are met.
Board & Committee Relations: Lead the Audit and Finance Committees; present comprehensive financial statements and performance analysis to the Board of Trustees.

Financial Operations & Accounting

Full-Cycle Accounting: Direct all monthly accounting functions, ensuring the timely delivery of financial statements for the parent company, subsidiaries, and managed entities.
Operational Excellence: Oversee banking, accounts payable, and cash receipts; ensure efficient transaction processing interfaces across all lines of business.
Audit Management: Lead the annual audit process and Uniform Guidance audits. Act as the primary liaison for external auditors to ensure accurate and timely financial reporting.

Capitalization & Cash Management

Capital Strategy: Determine investment and operating capital needs; establish and implement strategies to raise necessary capital.
Grants & Investment Management: Maintain critical information for grant applications and meet all periodic reporting requirements for investors.
Liquidity Oversight: Monitor cash flow and available resources to fund ongoing operations and investing activities while ensuring compliance with internal investment policies.

Budgeting & Risk Mitigation

Annual Budgeting: Lead the organizational budget process to develop annual operating and capital plans that align with strategic goals.
Risk Management: Develop and maintain financial operating policies; participate in Risk Rating and Credit Committee meetings.
Asset Monitoring: Track the impact of non-performing assets, write-downs, and charge-offs, ensuring adequate reserves are in place to mitigate potential impact.

Regulatory Compliance & Reporting

Investor Relations: Monitor compliance with financial covenants and direct the preparation of reports required by grantors and investors.
Tax & Regulatory Oversight: Ensure strict adherence to tax regulations, NMTC (New Markets Tax Credit) investment reporting, and evolving financial updates.

Team Development & Supervision

Mentorship: Manage and mentor direct reports, providing consistent feedback through both informal check-ins and formal performance reviews.
Professional Growth: Assist staff in establishing professional development plans to foster internal growth and organizational capability.

Key Competencies

Strategic Vision: Ability to link financial performance to long-term organizational goals.
Technical Expertise: Strong background in GAAP, Uniform Guidance, and complex capitalization structures (e.g., NMTC).
Communication: Exceptional ability to present complex financial data to non-financial stakeholders and Board members.
Integrity: High standard of ethics in managing compliance, audits, and regulatory reporting.

Vaco by Highspring values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.

EEO Notice

Vaco by Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.

Vaco by Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco by Highspring and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .

Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal.

By submitting to this position, you agree that you will be giving Vaco by Highspring the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco by Highspring about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.

Privacy Notice

Vaco by Highspring and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco by Highspring”) respects your privacy and are committed to providing transparent notice of our policies.

California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here.
Virginia residents may access our state specific policies here.
Residents of all other states may access our policies here.
Canadian residents may access our policies in English here and in French here.
Residents of countries governed by GDPR may access our policies here.

Pay Transparency Notice

Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:

the individual’s skill sets, experience and training;
licensure and certification requirements;
office location and other geographic considerations;
other business and organizational needs.

With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.