Chief Financial Officer
JOB TITLE: Chief Financial Officer
REPORTS TO: President
Achieve is an independent, nonpartisan, nonprofit education reform organization dedicated to working with states to raise academic standards and graduation requirements, improve assessments, and strengthen accountability. Created in 1996 by a bipartisan group of governors and business leaders, Achieve is leading the effort to make college and career readiness a priority across the country so that students graduating from high school are academically prepared for postsecondary success. For more information about the work of Achieve, visit www.achieve.org.
Reporting to the President, the CFO is responsible for the direction and execution of overall financial management and accounting practices for the organization. This position oversees financial planning, accounting, budgeting, and financial reporting as well as the system of internal financial accounting controls of the organization. This system ensures timely internal and external financial reporting for management and/or Board use. The CFO works collaboratively with other departments to ensure fiscal integrity and compliance with applicable laws and regulations. The CFO must apply generally accepted accounting principles, applicable federal, state and local government laws and regulations, grants and contract requirements, and other funding source requirements and guidelines in the performance of these duties. The CFO serves as a member of the Executive Leadership Team.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Financial Leadership and Management
- Create short-term and long-term financial objectives, policies, and actions for fulfilling operating and capital budget needs.
- Prepare and direct the preparation of timely, accurate and comprehensive financial statements, activity reports, financial position forecasts, annual budgets and other reports to continuously monitor the organization’s financial performance and budget management as may be required by grantors and regulatory agencies.
- Prepare Achieve’s annual budget, monitor revenue and expenditures against budget, and analyze financial reports against budget.
- Prepare reports that summarize and forecast business activity and financial position in areas of income, expenses, and earnings based on past, present and expected operations.
- Responsible for all fiscal management aspects and financial compliance requirements of grant agreements and contracts to include cash management, expense classification and allocation, and indirect cost allocation.
- Develop and implement finance and accounting policies and procedures, oversee financial controls, and identify and install mechanisms for internal and external control to ensure compliance with laws, regulations, grant documents, contracts and other grantor requirements.
- Oversee banking operations and reconciliation, payroll administration, and maintenance of accounting records.
- Work collaboratively and communicate directly with President, COO, department heads and other key stakeholders to document the financial impact of various policies and initiatives, build effective business models, and maintain fiscal integrity throughout the organization.
- Serve as staff liaison to the Treasurer and Finance and Audit Committee of the board.
- Prepare for and facilitate the annual year-end audit of the financial statements and any other applicable audits.
- Maintain current knowledge of organizational policies and procedures and current accounting standards.
- Assist with the analysis and creation of business plans to support new revenue opportunities including tax-exemption registrations, charitable registrations, miscellaneous registrations, and filings.
- Work with President, COO and development department to expand Achieve’s financial base and ensure that the flow of funds allows Achieve to make continuous progress toward its mission and goals.
- As needed, partner with development team to cultivate and sustain relationships with potential and active donors, foundations, corporations and other funding sources.
- Manage accounting functions, including but not limited to: A/R, A/P, G/L, Fixed Assets, Payroll, Budget Management, indirect expense recovery, cost management, investment management, revenue generation, bank relationship management, etc.
- Manage the day to day operations of the Finance department and staff, overseeing the staff’s workload and determining needed resources for the efficient management of the department.
This CFO manages the Controller and Senior Accountant.
- A minimum of a BS in finance or accounting required – CPA and/or MBA preferred;
- At least 10-15 years of diverse financial experience, with at least five years as a strategic CFO or equivalent, preferably in a nonprofit organization setting;
- Experience in a senior financial management role, partnering with executive staff, resulting in the development and implementation of best practices in financial management strategies.
- Deep experience with organizations supported primarily by grants from corporations and philanthropic organizations.
- Experiences with alternative revenue generating models including but not limited to Fee for Service preferred.
- A thorough knowledge of generally accepted accounting principles, nonprofit accounting standards and strong financial analysis skills – required.
- Proven leadership skills and ability to lead decision-making processes.
- Knowledge and ability to design and develop accounting systems and procedures.
- Strong knowledge in financial modeling, forecasting, and advanced Excel usage.
- Demonstrated excellent written and oral communication skills: Highly-developed listening, speaking and presentation skills; ability to comfortably present complex material using media to groups including program staff within the organization and members of the Board of Directors and its committees; Sensitivity to others’ points of view in order to influence behavior, change an opinion, or turn a situation around.
- Excellent analytical and abstract reasoning skills, plus excellent organizational skills.
- Ability to anticipate and/or resolve conflicting priorities raised when financial and human resources are limited and must be allocated.
- Conspicuously passionate about nonprofit service, able to align quickly with Achieve’s mission and programs, and manifest strategic leadership, professionalism, and interpersonal acumen.
To apply, please send a resume and cover letter to firstname.lastname@example.org.