What are the responsibilities and job description for the Chief Financial Officer (CFO) position at Community Foundation for Southeast Michigan?
The CFO will provide strategic and direct operational leadership for finance, accounting, investments, and related functions at the Community Foundation for Southeast Michigan. This role contributes significantly to the Foundation's strategic direction through financial analysis, forecasting, reporting, compliance with external audit requirements, external audit management, internal controls, and investment management support. The CFO will ensure the financial health and sustainability of the organization, which ranks in the top 30 of community foundations in the U.S. by assets valued at approximately $1.3 billion as of December 31, 2023.
Responsibilities include directing all accounting functions, overseeing financial services and audit requirements, ensuring proper use of internal controls, and investment management for the organization through our Board of Directors Investment committee, internal staff, external consultants and investment managers. With external consultant support, this role will co-develop and implement a strategy to fully leverage robotic process automation (RPA) and advanced uses of technology in support of operational excellence. The CFO will staff the Investment, Audit and other board committees, assist in meeting their charges, and oversee the implementation of approved actions. As internal improvements are solidified, this role will become increasingly more externally focused, representing the Foundation at the annual Investment Briefing, contributing to the field of finance / accounting expertise among our peers, and representing the Foundation at other events.
Responsibilities :
- Financial Acumen : In a complex environment, direct all accounting functions and records in accordance with generally accepted accounting principles and auditing standards. Oversee the performance of all required financial services, required filings, and management reports.
- Budget Management : Oversee the foundations core operating and special project budgets, coordinating input from other areas of the Foundation. Provide day-to-day control and measurement of activity against approved budgets.
- Vendor / Partner Management : Oversee and coordinate relationships with third-party suppliers / providers. With external consulting help as needed, lead vendor procurement and selection, contract negotiation, performance monitoring, relationship management, risk management, cost control and compliance.
- Investment Management : Manage the investment of all Foundation assets using outside investment managers at the direction of the Foundations Investment Committee. Oversee the performance of investment services with investment agents, including the reporting of investment performance.
- Technological Proficiency : Develop and oversee the finance teams technology strategy, ensuring internal controls are in place and followed, including the development and continuous improvement of management reports and tools.
- Board of Directors Committee Support : Staff the Investment and Audit Committees, assisting them in meeting their charges, developing information to be considered by the committees, and overseeing the implementation of approved courses of action.
- Leadership and Collaboration : Undertake other responsibilities as assigned by the President & CEO, demonstrating strong leadership and the ability to collaborate effectively with diverse stakeholders.
- External Relationship Building & Fundraising : Support the president, general counsel, and other executive leaders with complex gifts and asset evaluations. Support the President & CEO and other C-suite leaders in the financial case-making narrative for fundraising.
Required Leadership Competencies :
Education & Experience :
Benefits & Salary :
Commensurate with experience.
The Community Foundation for Southeast Michigan offers a robust benefits package including 20 days of vacation accrued monthly, 5 personal days, 13 holidays, 9 sick days accrued monthly, paid parental leave, and employer paid short / long-term disability.
The Community Foundation also offers a pension retirement program after 1 year of service which contributes 10% of salary.
Application Instructions :
To apply, visit www.cfsem.org / careers and look for Current Opportunities. Submit your application online through the portal.
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