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Chief Financial Officer
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Chief Financial Officer
POSITION SUMMARY:
This position supports the work of the Y, a leading
nonprofit committed to strengthening community through youth development, healthy living and
social responsibility. Oversees and manages financial matters, investments
and information systems. As a member of the senior management team, this
position provides strategic direction and leadership for YMCA business
operations and initiatives. Recommends related policies and ensures their
implementation.
ESSENTIAL FUNCTIONS:
1. 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.
2. Manages the staff and oversees the operations of the business department.
3. Works directly with the Finance Committee to build volunteer
relationships, develop policies, monitor their implementation and meet the
related needs of the board.
4. 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.
5. 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.
6. Manages investments, under the direction of the Finance Committee, and
within the risk tolerance expressed by the Board via the investment policy.
Directly responsible for developing and managing the metro branch budget.
7. Oversees preparation of reports to United Way, YMCA of the USA and
governmental agencies. Oversees preparation of tax returns including IRS Form
990.
8. Oversees the development of the annual operating budget, including all
branch budgets. Works closely with operations staff to ensure that branch
budgets are well-planned, realistic, and prepared in a timely manner.
9. Manages tax-exempt bond transactions and files all necessary reports. Establishes,
maintains and/or monitors all banking and financing relationships.
10. Evaluates and manages the annual renewal of the association insurances
policies including property/casualty, general liability, D & O, etc.
11. Maintains all necessary records and accounting reports and records all
transactions on a timely basis.
12. Maintains good working relationships with auditors, bankers, investment
counselors, attorneys and other professional advisors.
13.
Attends meetings of the Senior Cabinet.
14. Represents the YMCA with key community
organizations and events as required.
15.
Performs other duties as assigned.
YMCA COMPETENCIES (Organizational
Leader):
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.
QUALIFICATIONS:
1. Bachelor’s degree in business, finance or equivalent; MBA, CPA or CMA
may be preferred.
2. Eight or more years of substantive experience in accounting and
financial management.
3. Knowledge and understanding of general business matters required including
budget development, financial reporting, cash management, business taxes,
banking and debt
financing instruments.
4. Knowledge of computer systems, including experience with system
selection, new system implementation and project management. Personal computer
skills required.
5. Experience with investment management and asset allocation preferred.
6. Experience in effectively managing a staff team.
7. Previous experience with voluntary/nonprofit organizations preferred.
WORK ENVIRONMENT
& PHYSICAL DEMANDS:
·
The physical demands described here are
representative of those that must be met by an employee to successfully perform
the essential functions of this job.
Reasonable accommodations may be made to enable individuals with
disabilities to perform the essential functions.
·
While performing the duties of this job, the
employee is regularly required to use a computer for extended periods of time
and be able to communicate using a computer and phone/smart device.
·
The employee frequently is required to sit and
reach, and must be able to move around the work environment.
·
The employee must occasionally lift and/or move up
to 10 pounds.
·
Specific vision abilities required by this job
include close vision, distance vision, and the ability to adjust.
·
The noise level in the work environment is usually
moderate.