Chief Financial Officer

POSITION DESCRIPTION
Position: Chief Financial Officer
Status: Exempt
Program: Administration
Date Revised: 02/2024
Reports to: President

CEO POSITION SUMMARY: The Chief Financial Officer (CFO) of the $40 million nonprofit organization will serve as a key member of the executive leadership team, responsible for providing strategic financial leadership and oversight to ensure the financial health and sustainability of the organization. This individual will play a critical role in managing financial resources, implementing financial policies and procedures, and supporting the organization’s mission-driven initiatives.

OBJECTIVES/ACTIVITIES: A. Financial Planning and Strategy. 1. Develop and implement financial strategies, goals, and objectives aligned with the organization’s mission and strategic priorities. 2. Lead the annual budgeting process and long-range financial planning efforts, ensuring alignment with organizational goals and objectives. 3. Provide financial analysis and insights to support decision-making by the executive leadership team and the Board of Directors. B. Financial Management and Operations: 1. Oversee all aspects of financial management, including accounting, budgeting, cash flow management, and financial reporting. 2. Ensure compliance with accounting principles, regulatory requirements and nonprofit financial standards. 3. Implement and maintain robust internal controls to safeguard the organization’s assets and mitigate financial risks. C. Financial Reporting and Compliance: 1. Prepare accurate and timely financial reports, including financial statements, budget variance analysis, and cash flow projections, for internal and external stakeholders. 2. Coordinate with external auditors and regulatory agencies to ensure compliance with all financial reporting requirements and statutory regulations. 3. Provide support and guidance to program managers and department heads on financial reporting and budget management. D. Grant and Contract Management: 1. Oversee the financial aspects of grant and contract administration, including proposal budgeting, financial reporting, and compliance with funding requirements. 2. Work closely with program staff to ensure alignment of grant budgets with programmatic goals and objectives. 3. Monitor grant revenue and expenses, track grant performance metrics, and provide regular updates to stakeholders. 2 E. Strategic Leadership and Collaboration: 1. Serve as a strategic advisor to the CEO, Board of Directors, and senior leadership team on financial matters and organizational strategy. 2. Collaborate with cross-functional teams to integrate financial considerations into programmatic planning and decision-making. 3. Participate in strategic planning initiatives and contribute to the development of organizational policies and initiatives.

EQUIVALENT EDUCATION AND EXPERIENCE:
Bachelor’s degree in Accounting, Finance, Business Administration, or related field; CPA or MBA preferred. Minimum of 7-10 years of progressively responsible experience in financial management, with at least 3-5 years in a senior leadership role within a nonprofit organization. Strong knowledge of nonprofit accounting principles, financial reporting standards, and compliance requirements. Experience with grant and contract management, including federal grants and private foundation funding. Excellent analytical, problem-solving, and decision-making skills, with the ability to interpret complex financial data and provide strategic insights. Exceptional leadership, communication, and interpersonal skills, with the ability to build effective relationships with internal and external stakeholders. Demonstrated ability to lead and motivate a team, foster a culture of collaboration and accountability, and drive results in a mission-driven organization. Ideal candidate must have a strong desire to work for an organization dealing with issues unique to homelessness, substance abuse, mental health, seniors, and veterans. A valid California Driver’s License and the ability to meet the organization’s insurance carrier guidelines are required.

SPECIFIC SKILLS REQUIRED: Leadership skills Excellent oral and written communication skills Ability to assist and motivate other people Organizational skills Analytical Strategic thinker Statistical and mathematical skills

PHYSICAL REQUIREMENTS Lift and move up to 10 pounds Stand, walk and sit frequently Bend and stoop occasionally

NATURE OF SUPERVISION RECEIVED: Daily activities are performed independently with direction from the President/Chief Executive Officer, and guidance from the Chief Innovation and Strategy Officer, Chief Operating Officer, Chief of Staff, VP of Development, and Director of Human Resources. Must be able to work independently toward attainment of operational goals and contract compliance.

SUPERVISION EXERCISED: Plans, directs and coordinates work. Responsible for training, auditing, conducting performance appraisals and providing feedback and disciplinary actions. Salary recommendations, hiring, and terminations are subject to review by Human Resources and ultimately, Chief Executive Director.

RESPONSIBILITIES FOR BUSINESS CONTACTS: This position requires daily contact with county/state/city and business entities, clients, and all levels of support staff. The CFO is responsible for promoting company image and providing advice on company practices and procedures, while establishing and maintaining good working relationships with all clients. Tact, discretion, and resourcefulness are required at all times.

FINANCIAL RESPONSIBILITY: Substantial financial loss through loss of business contracts is possible. The CFO has authority to approve or deny exceptions within the approved budget. Responsible for actively participating in the development and adherence to program budgets.

DIRECT REPORTS: Controller Information Technology Director Facilities Director Purchasing Coordinator