Department: Finance

Location: Downtown Boston - Tremont Street

Compensation: $210,000 - $240,000 / year

Description

The Chief Financial Officer (CFO) is responsible for the management of all finance, accounting, budget, payroll, treasury and related areas of ABCD. This is a hands on role within a fast-paced and complex organization comprised of multiple government and private funding sources.

Key Responsibilities

Accounting and Fiscal Oversight

Overseeing ABCD's fiscal team to:
- Establish and implement policies and procedures for all financial management functions, ensuring appropriate controls and compliance with generally accepted accounting practices (GAAP) and other applicable state and federal regulations.
- Oversee the process for identifying and evaluating opportunities for improved financial operations, recordkeeping, and reporting.
- Maintain appropriate financial procedures and internal controls for cash, banking activities, and investments to ensure adequate liquidity as well as sound investment decisions and performance.
- Develop and maintain a comprehensive cost allocation plan and recordkeeping system, ensuring compliance with donor requests, federal and state regulations, generally accepted accounting practices, and contractual requirements.
- Ensure all assets are maintained and accounted for, including an inventory of all fixed assets.
- Lead the external audit process, serving as the primary interface with the independent auditors and ensuring accuracy of financial statements, including Form 990.
- Manage and supervise the financial side of the human resource function, including payroll processing.

Budgeting and Financial Reporting

Oversee the organization's budget planning process, collaborating with the fiscal staff and program leadership to develop annual income and expense projections.
Provide comprehensive monthly reporting of financial results against budget and provide recommendations for actions necessary to maintain the fiscal health of ABCD.
Work with departmental leadership to develop, track, and report key performance indicators and trends.
Work with the relevant departments to support donor/grant solicitation and reporting, including monitoring contributed funds to ensure all donor restrictions are met.

Staff Management

Manage, review, and mentor ABCD's fiscal staff, providing appropriate professional development opportunities.
Set comprehensive goals for performance and growth for employees within the CFO's direct areas of responsibility.
Build a positive team environment, ensuring that all fiscal staff act with a customer service attitude in support of all ABCD employees.

Strategic Leadership

Support ABCD's senior leaders to ensure decision making is well-informed by fiscal considerations and to provide creative, yet realistic, scenario planning and financial analysis, all with the goal of ensuring resources are optimally used to achieve ABCD's mission.
Participate actively in the senior leadership team and strategic activities and initiatives.
Attend board meetings and serve as a liaison to the board's Finance Committee to provide fiscal and operational insight.

Other Responsibilities

Represent the organization to external financial partners such as banks, insurance companies, and benefit companies.
Support administration to procure adequate insurance coverage, including workers' compensation, property, and liability coverage.
Develop and negotiate overhead rates with federal agencies.

Skills, Knowledge and Expertise

Skills and Qualities:

Ten to fifteen years of senior fiscal leadership with prior experience in a CFO role.
Experience at a social service agency or other nonprofit at ABCD's scale and with diverse revenue streams, complex reporting requirements, and exacting compliance.
Bachelor's degree in accounting or related field.
CPA, other accounting certification, and/or MBA would be advantageous.

Strategic Financial Leadership

Deep understanding of nonprofit accounting, government and private grant funding and reporting, the regulatory environment, and compliance.
Strategic financial thinker who understands the external environment and financial trends.
Strong financial systems knowledge with exposure to Financial NXT being ideal.
Track record of ensuring timely monthly closings and clean annual audits.

Operational Excellence & Accountability

Able to design and implement financial policies, systems, and procedures.
Skilled at analyzing departmental needs, promoting process improvement to create efficient and accountable structures, and facilitating change management.
Organized, hands-on/roll up the sleeves leader who can manage multiple moving parts and pivot quickly and be adaptive in a startup-like, fast-moving environment.

Team Leadership & Development

Experience training, cultivating, and building finance staff.
Skilled at delegating effectively and holding staff accountable to agreed upon goals.
Able to lead through influence and gain buy-in when change is required in an environment that may be resistant to change and where silos will be encountered.
Inspired to work with highly diverse staff who exhibit varying degrees of financial acumen.

Collaborative and Mission-Aligned Communication

Approachable, understanding, and supportive leader with strong communication and interpersonal skills who can communicate financial information clearly to non-finance staff.
Excited to work in collaboration with program directors and to integrate finance within ABCD's broader programmatic goals.
Displays a passion, appreciation, and alignment with ABCD's mission and culture.

Compensation and Benefits:

This is a full-time, salaried, exempt position with a starting salary range of $210,000 to $240,000 commensurate with experience and qualifications. ABCD also offers a highly comprehensive and generous benefits package which includes health insurance (80% paid by ABCD), dental, group life and disability, 403b plan with an extremely generous employer contribution, and significant paid time off. This on-site position is housed at ABCD's headquarters on Tremont Street in Boston.

Why Work Here

Make a Difference: Every day, your work directly impacts the lives of thousands in the Greater Boston community, empowering them and making positive, lasting change.
Inclusive Environment: ABCD values the diversity of its workforce, with an inclusive culture that respects individuality and promotes collaboration.
Continuous Learning: We offer numerous training and development opportunities, ensuring our staff remain at the forefront of community action methodologies and strategies.
Comprehensive Benefits: At ABCD, we take care of our own, providing a competitive benefits package, including health coverage and retirement plans.
A Legacy of Impact: Join an organization that boasts a legacy spanning over half a century, consistently championing the rights and needs of our community's most vulnerable.
Teamwork & Camaraderie: Be a part of a passionate team, united in their mission to combat poverty, and ensure every individual can reach their fullest potential.

Action for Boston Community Development, Inc. Jobs

Chief Financial Officer