Description
The Chief Financial Officer (CFO) is responsible for the management of all finance, accounting, budget, payroll, treasury and related areas of ABCD. This is a hands on role within a fast-paced and complex organization comprised of multiple government and private funding sources.
Key Responsibilities
Accounting and Fiscal Oversight
- Overseeing ABCD's fiscal team to:
- Establish and implement policies and procedures for all financial management functions, ensuring appropriate controls and compliance with generally accepted accounting practices (GAAP) and other applicable state and federal regulations.
- Oversee the process for identifying and evaluating opportunities for improved financial operations, recordkeeping, and reporting.
- Maintain appropriate financial procedures and internal controls for cash, banking activities, and investments to ensure adequate liquidity as well as sound investment decisions and performance.
- Develop and maintain a comprehensive cost allocation plan and recordkeeping system, ensuring compliance with donor requests, federal and state regulations, generally accepted accounting practices, and contractual requirements.
- Ensure all assets are maintained and accounted for, including an inventory of all fixed assets.
- Lead the external audit process, serving as the primary interface with the independent auditors and ensuring accuracy of financial statements, including Form 990.
- Manage and supervise the financial side of the human resource function, including payroll processing.
Budgeting and Financial Reporting
- Oversee the organization's budget planning process, collaborating with the fiscal staff and program leadership to develop annual income and expense projections.
- Provide comprehensive monthly reporting of financial results against budget and provide recommendations for actions necessary to maintain the fiscal health of ABCD.
- Work with departmental leadership to develop, track, and report key performance indicators and trends.
- Work with the relevant departments to support donor/grant solicitation and reporting, including monitoring contributed funds to ensure all donor restrictions are met.
Staff Management
- Manage, review, and mentor ABCD's fiscal staff, providing appropriate professional development opportunities.
- Set comprehensive goals for performance and growth for employees within the CFO's direct areas of responsibility.
- Build a positive team environment, ensuring that all fiscal staff act with a customer service attitude in support of all ABCD employees.
Strategic Leadership
- Support ABCD's senior leaders to ensure decision making is well-informed by fiscal considerations and to provide creative, yet realistic, scenario planning and financial analysis, all with the goal of ensuring resources are optimally used to achieve ABCD's mission.
- Participate actively in the senior leadership team and strategic activities and initiatives.
- Attend board meetings and serve as a liaison to the board's Finance Committee to provide fiscal and operational insight.
Other Responsibilities
- Represent the organization to external financial partners such as banks, insurance companies, and benefit companies.
- Support administration to procure adequate insurance coverage, including workers' compensation, property, and liability coverage.
- Develop and negotiate overhead rates with federal agencies.
Skills, Knowledge and Expertise
Skills and Qualities:
- Ten to fifteen years of senior fiscal leadership with prior experience in a CFO role.
- Experience at a social service agency or other nonprofit at ABCD's scale and with diverse revenue streams, complex reporting requirements, and exacting compliance.
- Bachelor's degree in accounting or related field.
- CPA, other accounting certification, and/or MBA would be advantageous.
Strategic Financial Leadership
- Deep understanding of nonprofit accounting, government and private grant funding and reporting, the regulatory environment, and compliance.
- Strategic financial thinker who understands the external environment and financial trends.
- Strong financial systems knowledge with exposure to Financial NXT being ideal.
- Track record of ensuring timely monthly closings and clean annual audits.
Operational Excellence & Accountability
- Able to design and implement financial policies, systems, and procedures.
- Skilled at analyzing departmental needs, promoting process improvement to create efficient and accountable structures, and facilitating change management.
- Organized, hands-on/roll up the sleeves leader who can manage multiple moving parts and pivot quickly and be adaptive in a startup-like, fast-moving environment.
Team Leadership & Development
- Experience training, cultivating, and building finance staff.
- Skilled at delegating effectively and holding staff accountable to agreed upon goals.
- Able to lead through influence and gain buy-in when change is required in an environment that may be resistant to change and where silos will be encountered.
- Inspired to work with highly diverse staff who exhibit varying degrees of financial acumen.
Collaborative and Mission-Aligned Communication
- Approachable, understanding, and supportive leader with strong communication and interpersonal skills who can communicate financial information clearly to non-finance staff.
- Excited to work in collaboration with program directors and to integrate finance within ABCD's broader programmatic goals.
- Displays a passion, appreciation, and alignment with ABCD's mission and culture.
Compensation and Benefits:
This is a full-time, salaried, exempt position with a starting salary range of $210,000 to $240,000 commensurate with experience and qualifications. ABCD also offers a highly comprehensive and generous benefits package which includes health insurance (80% paid by ABCD), dental, group life and disability, 403b plan with an extremely generous employer contribution, and significant paid time off. This on-site position is housed at ABCD's headquarters on Tremont Street in Boston.
Why Work Here
- Make a Difference: Every day, your work directly impacts the lives of thousands in the Greater Boston community, empowering them and making positive, lasting change.
- Inclusive Environment: ABCD values the diversity of its workforce, with an inclusive culture that respects individuality and promotes collaboration.
- Continuous Learning: We offer numerous training and development opportunities, ensuring our staff remain at the forefront of community action methodologies and strategies.
- Comprehensive Benefits: At ABCD, we take care of our own, providing a competitive benefits package, including health coverage and retirement plans.
- A Legacy of Impact: Join an organization that boasts a legacy spanning over half a century, consistently championing the rights and needs of our community's most vulnerable.
- Teamwork & Camaraderie: Be a part of a passionate team, united in their mission to combat poverty, and ensure every individual can reach their fullest potential.
