What are the responsibilities and job description for the Chief Financial Officer position at YMCA?

Our YMCA is focused on strengthening our community by programs that create a positive impact.

Job Description

The CFO will be responsible for financial planning, record-keeping, reporting, asset management, development of systems and procedures, and managing the financial risks of the corporation. The CFO is part of the senior management team which advances the YMCA in both mission and financial health.

Qualifications

Bachelor's degree in business, finance or equivalent; MBA, CPA or CMA may be preferred.
Ten or more years of experience in accounting and financial management.
Knowledge and understanding of general business matters required including budget development, financial reporting, GAAP, cash management, financial nonprofit laws and regulations, business taxes, banking and debt financing instruments.
Knowledge of computer systems, including experience with system selection, new system implementation and project management. Strong technology and computer skills required.
Experience in effectively managing and developing a strong staff team.
Possess an abiding commitment to diversity, inclusion, access and equity.
Experience working with many different constituencies or stakeholders ranging from the Board of Directors and policy volunteers to budget managers.
Experience leading across functional project or assignment.
Previous experience or familiarity with voluntary / nonprofit organizations.
Knowledge and exposure with Oracle Platform, Fusion, Hyperion a plus.

Essential Functions

Monitors monthly financial operations, prepares analysis and reports, and gives guidance to executive and operating staff. Works closely with operations staff on issues that affect financial outcome. Prepares specific recommendations.

Assists operations in finance operational strategies by completing financial modeling; establishing critical measurements; resolving problems; and implementing change for the Association. Provides independent perspective and constructively challenges, ensuring that business decisions are financially grounded while supporting strategy development and helping to enable execution.

Manages the staff and oversees the operations of the accounting / finance and payroll departments.

Works directly with assigned committee(s) of the board (Finance, Insurance, Investment, Audit, for example) to build volunteer relationships, develop policies, monitor their implementation and meet the related needs of the board.

Reviews, updates, and / or develops internal control systems for the YMCA and oversees internal audits which check for compliance on a variety of policies and standards. Provides recommendations for improvement.

Oversees and certifies the annual audit and meets periodically with the outside auditors to maintain communications and keep them informed of changes in the YMCA. Ensures that current accounting standards and legal requirements are met, including monthly reconciliation of all accounts.

Manages investments, under the direction of the Finance & Investment Committee, and within the risk tolerance expressed by the Board via the asset allocation policy.

Develops performance indicators and measurement systems for tracking strategic plan objectives. Evaluates current business models and leads efforts to modify or redesign business models where necessary.

Oversees preparation of reports to YMCA of the USA and governmental agencies. Oversees preparation of tax returns.

Oversees the development of the annual operating budget and long-term forecast.

Works closely with staff to ensure that branch budgets are well-planned, realistic, and prepared in a timely manner.

Establishes, maintains and / or monitors all banking and financing relationships and special transactions.

Maintains all necessary records and accounting reports and records all transactions on a timely basis.

Plays a key role in the plan development and oversight of Enterprise Risk.

Maintains good working relationships with auditors, bankers, investment counselors, attorneys and other professional advisors.

Works with CEO and board members to recognize and develop relationships to advance the Y.

Represents the Association at National and Regional peer group meetings and conferences.

Performs other duties as assigned.

Cause-Driven Leadership Competencies

Mission Advancement

Incorporates the Y's mission and values into the organization's vision and strategies. Ensures community engagement; promotes the global nature of the Y. Leads a culture of volunteerism ensuring engagement, inclusion, and ownership. Leads a culture of philanthropy.

Collaboration

Advocates for and institutionalizes inclusion and diversity throughout the organization. Initiates the development of relationships with influential leaders to impact and strengthen the community. Is recognized as an inspirational community leader who navigates complex political and social circles with ease. Communicates to engage and inspire people within and outside the YMCA. Ensures that a talent management system is in place and executed effectively.

Operational Effectiveness

Possesses penetrating insight and strong strategic and critical thinking skills. Invests resources in well-designed innovation initiatives. Creates a structure to deliver organization-wide results to achieve objectives. Develops and implements stewardship strategies. Determines benchmarks and ensures appropriate leadership to meet objectives.

Personal Growth

Creates a learning organization. Effectively drives change by leveraging resources and creating alignment to expand organizational opportunities. Shares authority and demonstrates courage and humility. Has the functional and technical knowledge and skills required to perform well; uses best practices and demonstrates up-to-date knowledge and skills in technology.

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