Chief Financial Officer

Location: DC Metro Area

Type: Full-Time

Industry: Non-Profit

Job Summary

Our well-established client is seeking a Chief Financial Officer (CFO) who will direct the overall financial operations and accounting practices of the organization and its affiliates. The CFO will be a strategic partner with the CEO and COO, working in concert to develop financial plans for growth, delivery of strategic plan outcomes and overall mission, balancing current and future timelines.  The CFO will lead the execution of the financial strategy by ensuring the executive management team and program managers have access, information, context and understanding of the financial trends and implications of business decisions.  The role oversees treasury, accounting, budget, tax, and audit activities and is responsible for the overall integrity of financial information and systems of all entities.

Responsibilities include but are not limited to the following areas:

  • Ensures appropriate controls and standards, ongoing identification of efficiencies and improvement as well as timely financial reporting and compliance
  • Serves as counsel, team member and /or partner in the provision and analysis of financial data for staff and elected leadership
  • Training and guidance for non-accounting staff on financial management
  • Financial evaluation of new or current programs, products, and services in cooperation with product management teams
  • Coordinates risk management and crisis management planning activities with COO
  • Serves as staff liaison to the Finance (& Investment Subcommittee) and Audit board committees, as well as other functions with affiliated entities
  • Serves as Senior Staff Liaison to the Finance/Business Operations Membership Advisory Council and on the internal staff 401k committee
  • Leads the finance/accounting team
  • Completes budgets for finance/accounting function, payroll and related expense, coordinates budgeting for office and general/administrative items
  • Directs the preparation of all financial statements (income statements, balance sheets, cash flow), FEC, tax returns, and governmental agency reports
  • Monthly analysis of internal financial statements, revenue and expense trends, cash flow analysis and financial projections. Provides context for financial performance and works with the executive team on analysis and corrective action as needed
  • Oversees investment of funds and works with investment advisor within board policy to ensure appropriate cash flow
  • Prepares the annual budget – coordinating input from the executive management team, budget managers, and operating departments; ensuring that all programs and services are appropriately accounted for and work in concert with the operational plan
  • Analyzes 3-year budget window (current, plus 2) to ensure proper financial continuity, consistency and alignment within financial plan. Provides scenario planning guidance as required
  • Plans and supports the work of the board committees – quarterly: investment subcommittee and finance committee and audit committee fall planning and review meetings. Additional meetings may be required if additional projects develop
  • Prepare board reports and presentation for financial and audit for the organization and its affiliated entities
  • Ensure compliance with federal and state law, GAAP, by-laws, internal policy, and procedures
  • Departmental oversight/responsibility for the processing of payroll and related tax filings (through service provider), to include quarterly reports 941, annual 940s and annual preparation of employee IRS Form W-2 and state filings within the appropriate deadlines. Includes per payroll 401k and 457b deposit
  • Departmental oversight/responsibility for accounts payable functions including timely processing of organizational expenses, annual preparation and filing of IRS Form 1099/1096 within the appropriate deadlines
  • Reviews and authorizes disbursements
  • Department oversight/responsibility for organizational accounts receivable management, including collections, payment processes (central treasury, with distributed processing). Includes proper sales product and payment product set up for taxability, revenue recognition and general ledger integration with IT and product managers
  • Departmental oversight/responsibility for the timely preparation of reports and remittance of sales tax (DC, Georgia, California). Includes research and/or set up/filing for jurisdictional onsite activities – sales tax, exemption, VAT, etc.
  • Departmental oversight/responsibility for the planning and execution of activities required for the annual audit. The CFO is responsible for delivery of the audit report to the Audit Committee/Board. Departmental payroll responsibility in conjunction with human resources for the planning and execution of activities required for the annual staff plan 401k audit and worker’s comp audit
  • Departmental oversight/responsibility for the year-end compliance (in conjunction with human resources) and calculation/annual discretionary staff 401k contribution. Coordinates completion and filing of 5500 with the related audit
  • Departmental oversight/responsibility for the preparation of income tax and information returns and estimates on a quarterly/annual basis. (990, 990T, DC20, 1120, etc.)


  • Maintain strong working relationships with
    • Board and committee members
    • CEO, COO and members of the executive management team
    • Program and other staff
    • Members/vendors/partners for banking, payment processing options, relevant tax and accounting expertise


  • Two direct reports – director/senior level reports
  • Three indirect manager and coordinator reports
    • ongoing guidance, skills & needs assessments, staff development, process and workflow improvement, performance reviews/management
    • Communicate and manage position coverage plans

Role Requirements

  • Undergraduate degree in accounting, business, or finance. Graduate degree and CPA, CFA, CMA, CAE and/or other relevant certifications a plus
  • Minimum of ten years of increasing level and varied responsibility in finance/accounting, with at least five years previous management experience at controller, director and/or CFO level. Experience in nonprofit environment highly desirable
  • Strong knowledge of relevant regulations & industry practices- GAAP, tax (income and sales)
  • Communication skills (verbal and written) – Ability to communicate (educate and inform) technical and financial data effectively to a variety of audiences with varied financial acumen. Ability to craft and deliver information that tells the story to be understood by the audience
  • Confidence and ability to challenge decisions or proposed actions, question numbers and assumptions and skills to communicate the implications of decisions
  • Strong decision making and problem solving skills
  • Strong analysis and data interpretation skills. Ability to spot trends and provide context to others. Ability to drill into and understand details while maintaining and applying to the overall picture
  • Strategic thinking, quality management and process improvement. Understand strategy and priority and balance financial plan in a way that accomplishes the mission and service to members with good financial results
  • Create, implement and maintain appropriate policies. Ability to communicate so that policies are clear and it is clearly understood why they are important
  • Integrity. Vital that the CFO creates and maintains trust among staff and leadership. Must always be considered trustworthy, knowledgeable, honest and transparent

This organization offers a full and robust benefits package and a competitive salary.

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