Chief Finance & Strategy Officer

Position Summary

The CFSO will provide strategic financial leadership and oversee all aspects of the Truth Initiative’s financial operations, including managing its investment portfolio. The CFSO will work closely with the Chief Executive Officer (CEO), Board of Directors (Board), and senior leadership to develop and execute financial strategies that align with the organization’s mission and long-term goals. This individual will be responsible for ensuring financial stability, supporting financial longevity, managing investments, and ensuring that all financial practices comply with relevant laws and regulations.

The CFSO will also lead the organization's investment strategy, working with external advisors to maximize investment portfolio returns within acceptable risk thresholds, while adhering to socially responsible investment principles.

This position will report directly to the CEO and routinely present to senior management and Truth Initiative’s Board. A successful CFSO will serve as an impartial and candid advisor, service-oriented functional integrator, creative problem solver, vigilant risk manager, and inspiring change agent for organizational improvement initiatives.

Key Responsibilities

CFSO duties and responsibilities span multiple critical enabling functions that support Truth Initiative to achieve its mission in service to the American public.

Executive Officer

• Oversees all financial aspects of the organization, with the strategic planning and visioning duties of a Chief Strategy Officer (CSO), leading the company's financial strategy and aligning it with its overall long-term goals and objectives.
• Develops and executes the organization's long-term strategic vision, considering financial implications.
• Facilitates cross-functional collaboration to align strategic initiatives with financial goals.
• Monitors key performance indicators (KPIs) to assess financial and strategic performance against goals.
• Identifies areas for improvement and implementing necessary adjustments to strategy and operations.
• Leads teams and influences cross-functional stakeholders.
• Builds a high-performing finance and strategy team.
• Engages Truth Initiative’s Board, both in supporting the CEO’s board engagements and directly to facilitate financial governance.
• Advises Truth Initiative’s CEO on the organization’s financial health and financial outlook; regularly develops and delivers executive-level financial briefs; quickly provides accurate, detailed, and tailored ad-hoc financial analyses to support strategy development and implementation.
• Advises Truth Initiative’s Executive Leadership Team on strategies for maximizing impact within fiscal constraints.
• Builds, sustains, and develops the Corporate Finance Team, to include Financial Planning & Analysis (FP&A), Accounting, Controller, and Treasury functions.
• Builds, sustains, and develops the Portfolio Management Team, to include Investment Management, Research & Securities Analysis, Risk Management, Trading & Execution, and Technology & Quantitative Development functions.
• Organizes, enables, and oversees all functions to operate with appropriate independence in close coordination with Truth Initiative’s internal audit, compliance, ethics, and legal and regulatory reporting teams to ethically, accurately, completely, and compliantly fulfil regulatory obligations.
• Serves as business-savvy financial advisor/consultant to executives and staff, coordinating with Truth Initiative’s mission to provide financial planning and management for improvements in financial transformation, people model transformation, corporate development, donor engagement, and business development.

Finance & Portfolio Management Leader

• Leads and oversees the Finance Department, empowering Finance Department managers to reliably execute budgeting and FP&A functions to support evidence-based financial decision-making and maintain disciplined financial stewardship.
• Leads and oversees Accounting Department, empowering Accounting Department managers to properly and compliantly execute accounting operations and ensure liquidity.
• Leads and overseas Investment Department, managing and empowering Portfolio Management Team to maintain and secure the purchasing power of Truth Initiative’s financial foundation and ensure enduring financial support for Truth Initiative’s primary mission activities in perpetuity.
• Develops financial strategies to ensure the long-term financial health of the organization, aligning with the organization’s public health mission and vision.
• Develops and implements investment policies that balance risk and return, while aligning with the organization’s values.
• Monitors investment performance and manages relationships with external investment partners.
• Oversees financial reporting and ensures timely and accurate financial statements in compliance with applicable regulations.

Required and Desired Qualifications:

Technical Competencies

Financial & Business Acumen

• A Bachelor’s Degree in Business Administration, Finance, Economics, Applied Mathematics, or a related technical field is required. A Master’s Degree in Business Administration or a related technical field is preferred.
• Certification in business and financial leadership (such as PgMP, PMP, CIM, or other similarly rigorous management certification) is strongly desired. Certifications in system and/or process improvement, investment management, financial analysis, public accountancy, and other disciplines directly related to this role are a plus.
• Minimum of 10 years of experience advising executive (C-suite) leaders, preferably in business strategy, financial management, and investment management matters.
• Minimum of 10 years of experience in leading budgeting, financial management, and investment management with demonstrated experience in directing forecasting, business case analysis, financial model development, and valuation activities.
• Minimum of 10 years of experience in leading a financial and investment management team required, with demonstrated experience as a team builder.
• Leads others in operating with transparency and fidelity to fiduciary responsibilities, ensuring compliance with applicable ethical, legal, and regulatory standards.
• Demonstrates a thorough understanding of U.S. Generally Accepted Accounting Principles and relevant Financial Accounting Standards Board guidance and standards.
• Demonstrates a thorough understanding of financial markets, financial asset classes, financial securities, portfolio management, security analysis, and valuation.

Seamless Program Integration

• Minimum of 5 years of experience in project management, with demonstrated experience leading enterprise-level projects and initiatives.
• Minimum of 5 years of experience in analyzing and directing enterprise-level improvement and/or change initiatives required, with demonstrated experience in analyzing enterprise-level investments and developing accurate return on investment forecasts and business case analyses.

Contracting Expertise

• Minimum of 5 years of experience in navigating the financial complexities of federal and state solicitations, including developing proposals related to goods and services and/or research programs required. Demonstrated expertise in labor pricing, market salary analysis and financial risk management for government contracts, grants, and cooperative agreements is essential.
• Minimum of 5 years of experience in developing pricing proposals and financial projections for the private and public sectors required.
• Minimum of 5 years of experience showing compliance with federal regulations required, with demonstrated understanding of the Federal Acquisition Regulation, Federal Cost Accounting Standards, Office of Management and Budget and other applicable regulations and standards.

Core Competencies

• Visionary problem-solver, strategist and change agent who brings innovation and entrepreneurial spirit.
• Strategically directs programs and people in a dynamic marketplace.
• Proven experience implementing programs that improve public health is a plus.
• Deep financial acumen.
• Passionate about Truth Initiative’s mission.
• Inspirational leader who treats others with respect, regardless of position
• Strong executive presence and high emotional intelligence.
• Collaborates with others, building coalitions and relationships, strong interpersonal skills.
• Exhibits integrity, sincerity, and professionalism under pressure.
• Possesses excellent written and oral communication skills, communicating with clarity.
• Adept at delivering professional presentations.
• Strong negotiating skills and deep experience discussing contracting.
• Demonstrates the ability to work independently and on a cross-disciplinary team

Compensation

• Employee engagement and workplace satisfaction are the core of our commitment to staff. We provide employees with highly competitive benefits to help them achieve financial security, good health and work-life balance.
• Salary is based on a nonprofit scale and commensurate with skills and experience.
• For this position, the base salary range is $300,000 to $350,000.
• Internal equity considerations and the average salary of the peer range will be reviewed before making a final offer.