CHIEF FINANCIAL OFFICER

Summary

Reporting to the CEO, the CFO will provide a crucial role in overseeing the organization’s financial integrity, operational efficiency, and strategic direction. The CFO will work closely with the CEO and senior leadership team to ensure that the organization’s strategic objectives are met with excellence and financial sustainability. As a proficient budget manager, the CFO will excel in various financial domains including revenue recognition, business planning, and cash flow analysis, ensuring effective asset management and fund availability. The CFO will be a strong communicator with the ability to demystify complex financial data and contracts, aligning with the diverse stakeholder needs and furthering InCommunity’s mission. The CFO will also oversee the organization’s facilities management, transportation and procurement needs.

• Excellent knowledge of financial and accounting principles with demonstrated ability to present financial information at the executive and board level
• Strong background in complex revenue accounting
• Strong background in understanding and administering complex contracts
• Supervisory experience, preferably in accounting department
• Bachelor of Business Administration in Accounting or Finance.
• Minimum of 10 years of progressive accounting leadership experience.
• Exceptional attention to detail.
• Strong, analytical, decision making, and problem solving skills.
• Resillient leader able to exhibit strong emotional intelligence and manage complex relationships.
• Strong executive level writing and verbal communication skills, with the ability to influence and engage a wide range of stakeholders effectively.
  
  

Responsibilities

• Plays a pivotal role in our organization’s leadership.
• Builds financial solutions to capture business transactions and ensure accurate accounting and financial reporting.
• Leverages data and predictive models to enhance operational insights and business strategies, with a readiness to implement corrective measures when necessary.
• Fosters collaboration across the leaders and organization exhibiting resilience with ambiguity and challenging situations.
• Responsible for planning, recommending, organizing, developing, implementing, coordinating and directing financial policies and fleet and facilities policies.
• Develops and maintains relationships with board members, banks, donors, vendors, clients, and government agencies.
• Maintains relationships with bank, including opening accounts, reviewing account activities and monitoring cash requirements and cash flow.
• Develops, provides and presents all materials for the Finance Committee Meetings. Leads the Finance Committee Meetings in partnership with the Board Treasurer.
• Attends Board of Directors meetings and provides financial statement updates and financial health updates.
• Maintains accurate and complete fiscal records as a basis for managing, controlling and evaluating the financial health of InCommunity.
• Provides monthly financial statements and analysis to ensure transparency and accountability.
• Highlights and presents the financial strategy of the organization, including performance, goals and objectives.
• Ensures the organization’s compliance with audit requirements, grant and donor guidelines, financial regulations, IRS regulations and contractual obligations.
• Collaborates with external auditors and provides the necessary documentation for annual audits.
• Manages the organization’s financial operations, including budgeting, forecasting and cash flow management.
• Engages with government agencies to convey the impact and financial needs of the organization.
• Presents financial information effectively and provides compelling stories about the importance of the organization’s mission and financial needs.
• Oversees compliance audits and ensure adherence to standards.
• Works closely with the Chief Administrative Officer to secure funding and meet budgetary requirements.
• Participates in external functions and events approximately once a month to represent the organization.
• Supervises a team comprised of accountants, accounts payable staff and Controller.
• Monitors and maintains records on all legal matters, including government contracts, leases, loans and property records.
• Provides support to staff and other management team members.
• Partners with leaders to develop the annual budget.
• Reviews budgets and financial submissions for grant applications.
• Prepares for and oversees the Form 990 tax return preparation.
• Reviews insurance policies annually and update as needed (liability insurance, D&O insurance, Workers’ Compensation insurance, Automobile insurance and employer liability insurance).
• Handles IRS matters.
• Performs other duties as assigned.
  
  

The Chief Financial Officer (CFO) will play a crucial role in overseeing the organization's financial integrity, operational efficiency, and strategic direction

The CFO will work closely with the CEO and senior leadership team to ensure that the organization's strategic objectives are met with excellence and financial sustainability

As a proficient budget manager, the CFO excels in various financial domains including revenue recognition, business planning, and cash flow analysis, ensuring effective asset management and fund availability

Their role as a financial analyst involves leveraging data and predictive models to enhance operational insights and business strategies, with a readiness to implement corrective measures when necessary

As a controller, they uphold Generally Accepted Accounting Principles and comply with Internal Revenue Code requirements, alongside proficiency in all accounting facets from cost accounting to inventory control

Their strategic communication skills are pivotal in demystifying complex financial data, aligning with diverse stakeholder needs and furthering the organization's mission

The CFO's comprehensive approach extends to asset management, emphasizing cash, investments, and property management, showcasing their versatile financial acumen and strategic leadership within the organization

Strategic Business Partner - In collaboration with the CEO and the executive management team, the CFO plays a pivotal role in formulating and executing the organization's strategic initiatives and actions, while continuously evaluating its financial performance against both the annual budget and overarching short and long-term objectives

Their ability to influence others and foster trust, coupled with high emotional intelligence, is essential in steering organizational goals

The CFO efficiently manages processes, prioritizes critical business activities, and executes strategic visions that are aligned with the organizations budget and forecasted revenue, thereby building organizational support and implementing vital financial and operational frameworks

Their adeptness at managing conflict and fostering collaboration ensures resilience in ambiguity, optimizing learning and enhancing team outcomes for superior organizational performance

Fiduciary Officer – The CFO is fundamentally committed to the organization's best interests, ensuring compliance with financial and tax regulations, safeguarding operations from financial and operational risks, and maintaining adherence to United Way Membership Requirements

This role involves the diligent communication and enforcement of policies and procedures, the establishment and monitoring of robust internal controls, and the execution of effective financial reporting and cash management strategies

As a master of financial reporting, the CFO guarantees the timeliness, accuracy, and clarity of all financial communications, thereby ensuring clean records that reflect decision-making processes

They champion legal and regulatory compliance in financial functions, serving as a pivotal contact for external audits and promoting adherence among the management team to financial protocols

Ethical and trustworthy, the CFO makes decisions based on thorough analysis and the wider impact on the organization, offering guidance in complex situations and addressing unethical behavior decisively

Enterprise Risk Manager – The CFO is tasked with the strategic planning and implementation of measures to preemptively avoid or mitigate potential risks that could negatively impact the organizations finances and budget

By developing and managing systems to assess and integrate business enterprise risks, the CFO ensures the standardization of risk management processes and procedures throughout the organization

As a system manager, they develop policies that emphasize safety, legal, and regulatory compliance, applying risk control theories to devise tactics for risk prevention, reduction, and management, including emergency response and business continuity plans

An inquisitive analyzer at heart, the CFO identifies, assesses, and monitors risks, providing objective evaluations on operational effectiveness and trends in risk management

As a problem solver, they respond promptly to risks by orchestrating teams to address root causes and standardize risk management processes

They model risk management practices, adapting strategies to fit organizational needs while prioritizing safety and compliance

The CFO will actively recognize and support individuals who approach challenges with novel solutions

By providing the necessary guidance and tools, and then allowing space for autonomy, they ensure team members learn valuable lessons from their experiences

This executive is adept at resolving conflicts in a constructive way, maintaining integrity by keeping promises, and ensuring confidentiality

Strategic Leadership: Partner with the CEO and senior leadership team to develop and implement strategic plans and objectives that align with UWCE’s mission and budget

Serves as an integral member of the senior leadership team in determining the focus for United Way of the Coastal Empire including strategic priorities, budget, and new business development

Provides support to staff and board to design, prioritize, implement and monitor progress on strategic priorities and the UWCE’s budget and finances

Financial Management: Oversee all aspects of financial planning, management, and reporting

Ensure the accuracy and integrity of the general ledger, financial statements, budgeting, and financial forecasting

Serves as staff lead for the finance committee

Prepares and updates the annual budget, short and long-term projections, calculation of cost allocations and contract budgets

Presents financial reports to the board of directors

Coordinates closely with and provides oversight to other senior leaders on budgets for their departments

Provides coordination and oversight of annual organization audit and issuance of financial statements

Conducts contract negotiations, provides oversight of contract administration and compliance

Establishes and monitors fiscal controls and supervises the team to ensure adherence to the highest standards of financial policy and practices

Provides data and analytics to monitor financial health and inform decision-making

Responsible for handling IRS matters

Operational Excellence: Directly oversee a team that manages operations in finance, human resources, information technology, and facilities

Identify and implement process improvements to enhance efficiency and effectiveness

Oversees the Human Resources department with the aim of attracting and retaining top-quality talent by providing an industry-leading employee experience and culture of support and belonging for all staff

Oversees the development and implementation of employment policies and practices, including compensation and benefits, to support above aims and with a goal of ensuring consistent experience of staff across multiple departments and teams

Acts as the organization’s Ethics Officer

Oversees facilities management and lease negotiations

Risk Management and Compliance: Ensure that internal controls are in place and effectively managed

Oversee compliance with all fiscal and legal regulations

Serves as the liaison to legal counsel for all of the organization’s legal issues