The Chief Financial Officer (CFO) will report to the President/Chief Executive Officer and be a prominent member of the Senior Management Team. The individual will have responsibility for overseeing policies and procedures for the financial and accounting functions , understanding the strategic direction of the organization, providing high level, proactive financial expertise and leadership to the organization as a whole and direction for both short term and long term financial planning, administrative and human resources objectives.
Specifically, the CFO will have responsibility for: development and management of all accounting and financial systems; ensure the preparation and maintenance of financial records and reports on a monthly basis; management of Finance and Accounting staff; preparation and management of, and ensuring accountability to, organizational budgets; ensuring adherence to general accounting practices and legal compliance with IRS regulations, tax laws, state and federal laws, and filing and registration requirements; management of grants accounting and payments; pProactive leadership of staff to function as a high performing team, across the organization's functions and locations, to achieve the organization's goals; and implementation and oversight of investment policies, including management of endowments, outside investment advisors and managers, and associated regulatory compliance.
1. Working with the President, the CFO oversees the internal accounting and financial functions throughout the organization to ensure that the Organization strives for best practice.
2. The CFO is responsible for operational and strategic management of all financial activities of the organization’s operations, including management of finance and accounting staff and related consultants and volunteers; development of budgets and organizational planning; financial monitoring and reporting; oversight of payables and contracts; facilities and capital expenditures; grants processing and payments; investments and endowment oversight; and regulatory and fiscal compliance.
3. The CFO works with the President, Board of Directors, Finance Committee and outside investment advisors and managers, to manage the investments of the organization’s endowment, including preparation of Finance Committee agendas, reports and minutes, development of investment policies and strategy, oversight and tracking of all endowment related investments, oversight of outside advisors and managers, management of capital calls and cash flow needs, and assurance of adherence to relevant regulations and laws.
4. Direct all appropriate accounting activities consistent with GAAP including accounts receivable and payable, bank reconciliations, grants accounting, work with overseas office(s) to ensure appropriate accounting and banking procedures are in place and followed.
5. Conduct monthly variance analysis, identify and implement opportunities for expense management and other cost saving initiatives to optimize results.
6. Oversee and report to President and Board on all aspects of cash flow, cost allocation, budgeting, and forecasting, through financial statements and financial analysis.
7. Implement effective cash management system for organization funds including operating accounts, designated accounts and grants
8. Establish effective financial planning, analysis and measurement techniques, and lead the development of financial reporting, business plans, forecasts, and annual operating budgets for all organization offices.
9. Ensure compliance with generally accepted accounting practices, all rules, regulatory agencies and applicable tax and regulatory laws – at US state, federal and international level.
10. Oversee grant accounting for the organization. This includes grant awards, disbursements, amendments, budgets and analyses of obligations for future grants and inclusion of “payout” forecasts.
11. Develop, maintain and monitor internal controls over all organization finances. Ensure appropriate department policies and procedures are developed, communicated and monitored.
12. Assess strengths and weaknesses of organization financial management strategies and implement strategic plans to improve them.
13. Provide a center of excellence for the entire organization for evaluating financial needs and designing and implementing financial systems; business process analysis and continuous improvement; and aligning strategic direction with the operating needs of the organization.
14. Provide analysis of complex situations, prepare formal presentations, and present to senior management and Board of Directors on matters relating to the financial health of the organization.
15. Coordinate the activities of external auditors including, but not limited to public accounting firms. Respond to reports issued by external auditors including the implementation of recommendations.
16. Serve as an organizational champion for operational effectiveness and performance and foster an environment where all members of the staff understand the importance of strong operational and financial performance.
17. Serve as an "ex officio" member of all teams to serve as a link to proactively promote teamwork across the organizations functions to achieve organizational goals.
1. Bachelor of Science degree in Accounting, Finance or Business Administration
2. Advanced degree in finance, business (MBA) or accounting (CPA) preferred
3. Minimum of seven (7) years of senior level financial management experience including accounting, finance, and organizational administration, preferably in a foundation or not-for-profit setting.
4. Extensive knowledge of nonprofit accounting programs required.
5. Demonstrated ability to conduct complex analysis of financial data; ability to forecast and assess financial impact of proposed plans and projects; proactive leadership to identify gaps and recommend solutions
6. Familiarity and experience with the operations, business needs, organizational structure, functional roles and responsibilities, terminology, regulatory requirements, projects and problems, trends, and planning requirements of the non- profit sector and/or philanthropy.
7. Experience managing projects in a complex organization.
8. Flexibility to work in a rapidly changing environment, with an appetite for and sensitivity to working with and in diverse cultures.
9. Strong interpersonal skills including ability to communicate effectively with people individually and groups; ability to communicate with technical and non-technical colleagues; experience establishing and maintaining effective relationships with functional leaders by understanding their department, its role in the organization and its internal and external links.
10. Experience leading, managing and participating on teams with shared responsibility for outcomes and decision-making.
11. Expertise in managing and leading meetings; experience developing agendas, facilitating discussions, establishing expectations, resolving conflict, encouraging participation and involvement, communicating roles
12. Familiarity with accounting, procurement and financial reporting requirements on US Government and World Bank Trust Fund Contracts.
13. Proven ability to supervise professional staff.
14. Willingness to occasionally travel domestically and internationally.
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