Full-Time CFO position with benefits.
The Chief Financial Officer is a member of the senior leadership team and provides leadership and oversight for all financial aspects of the organization. The position aligns the overall financial and business plans, policies accounting practices and relationships with key lending institutions, policy volunteers and the financial community with the Associations strategic plan.
The CFO recommends financial strategies and is familiar with debt markets, debt structures and types of financing. Under the direction of the CEO, this position is responsible for the fiscal accounting, management, and reporting for the Greater Providence YMCA, which includes: accounts payable, accounts receivable, fixed assets, investments, cash flow, account analysis, project modeling and forecasting, business planning, financial statements, budget preparation, procedures, control and analysis.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Knowledge of GAAP and A-133 audit requirements
- Previous experience with non-profit organizations preferred
- Ability to read and understand complex documents including federal and state regulations, legal documents, financial reports and apply principles of logical or financial thinking to a wide range of intellectual and practical problems
- Ability to effectively present information to management, public groups and the board of directors verbally and in writing.
- Ability to think strategically, synthesize business/financial data and develop innovative solutions
Education and Experience:
- Bachelor’s degree in accounting or business required, CPA, CMA or MBA preferred
- Extensive financial management experience that provides a knowledge base of content mastery in financial management, risk management, and overall collaboration with the financial community.
- Eight or more years of demonstrated managerial, supervisory and communication skills in a senior leadership role
- Experience with investment management and asset allocation preferred.
Essential Duties and Responsibilities:
- Monitors monthly financial operations, prepares analysis and reports that provide financial guidance to executive and operating staff.
- Actively engages with the Board of Directors and Finance Sub-Committee to develop policies, monitor policy implementation and meet finance related needs of the board.
- Works closely with Chief Operating Officer on operational issues that impact financial outcome.
- Secures and allocates financial resources between strategic objectives and financial capability to ensure financial equilibrium.
- Creates a structure to deliver financial results Association-wide which include, but are not limited to:
- Overseeing the hiring, training, development and supervision of the finance team.
- Ensuring monthly financial reports are delivered with the highest level of accuracy and are submitted on time to the CEO and Board of Directors.
- Under the direction of the CEO, manages the annual budgeting process to ensure accurate budgets.
- Managing the cash flow including collections and receivables to ensure proper liquidity and adequate return within the risk demand deemed acceptable by the organization.
- Ensuring financial records are properly maintained and internal controls are in place, communicated and consistently implemented across the organization.
- Representing the organization in financial audits.
- Providing financial analysis, forecasting and strategy.
- Ensures an appropriate debt structure for the organization that is as limited as possible with a clear plan for repayment of the debt to maintain a credit rating such that debt capacity is available for future needs.
- Oversees and certifies the annual audit and meets periodically with the outside auditors to maintain communications and keep them informed of changes in the Greater Providence YMCA.
- Ensures that current accounting standards and legal requirements are met in all areas of finance.
- Responsible for anticipating the financial needs of the organization to ensure the long-term financial integrity of the Association especially considering the impact of financial, operating and capital expenditures on the financial viability of the organization.
- Develops and maintains relationships with financial institutions to maintain adequate reserves, anticipate cash flow needs while also evaluating and recommending options for debt financing.
- In collaboration with the CEO, enforces financial discipline, guidelines and controls for the Association.
- Oversees preparation of tax returns including IRS Form 990 and any other financial forms required from the state or federal government and/or reports required from grant funds.
- Develops performance indicators and measurement systems for tracking strategic plan objectives while evaluating current business models and making modifications where necessary
- Responsible for the accuracy of the financial and accounting data
- Serves as a collaborative member of the senior leadership team who cultivates relationships so that all levels of the organization understand their role in the Association’s financial success.
- Other duties may be assigned