Chief Financial & Operating Officer

Location: DC Metro Area

Type: Full-Time

Industry: Non-Profit

Job Summary

Our dynamic client is a unique nonprofit organization looking for a passionate, focused individual to join the team as a Chief Financial/Operating Officer to streamline our financial and operating processes. This is a new role to the organization due to growth and expansion. The Chief Financial/Operating Officer must be a forward-looking, strategic leader who has executive-level experience in financial management, operations, and oversight. This individual will play a key leadership role on the management team and will be responsible for evolving and/or developing the organization’s financial policies, reporting processes, systems, and controls, as well as supporting the development and execution of the organization’s long-term strategic vision of scale and profitability.

Responsibilities include but are not limited to the following areas:

  • Serve as a partner to the Managing Director/General Partner on the organization’s administrative, financial, and operational processes to improve those processes
  • Execute the nonprofit organization’s financial strategy, including developing plans to increase the organization’s financial strength, while also identifying opportunities for cash management and investment, and managing & evaluating the organization’s fundraising plans
  • Oversee the organization’s their financial strategy
  • Build and design the finance team right finance organization by recruiting, hiring, supervising, and developing all finance personnel (employees and contractors)
  • Lead the organization’s financial planning cycles including budgets, ongoing forecasts, and medium-term outlooks, and partner with the Managing Director to develop financial plans; ensure cash flow is appropriate for the organization’s operations; and prepare reliable and timely monthly, quarterly, and annual financial reports on actual performance and forecasts, including income, operating expenses, and cash flow
  • Manage all monthly accounting and tax activities (in house or outsourced), including bookkeeping, accounts receivable and payables, fund accounting and tax filings
  • Oversee the preparation of all financial statements, including income statements, balance sheets, cash flows, shareholder reports, tax returns, governmental agency reports, grants management and reporting, and other ad-hoc financial reporting requirements, including reporting and discussions with the BOD on financial matters
  • Establish and maintain appropriate accounting and financial controls, including processes around review and execution of payments, delegations of authority, commercial contract reviews, and financial & operating policies and procedures
  • Lead the annual audit process, including selecting and maintaining our relationship with the audit firm, and actively resolve audit issues
  • Manage vendor and partner relationships, reviewing contracts and ensuring compliant vendor set-up and payments
  • Set up and oversee the organization’s finance IT system
  • Provide strategic recommendations to the Managing Director and members of the BOD
  • Review all formal finance, HR and IT related procedures annually
  • Continually evaluate best industry practices in comparison to internal systems and needed resources, with an eye toward both future needs and budget realities

Skills Required

  • Proven experience as CFO, CAO/Controller, senior finance officer or equivalent role in the nonprofit sector
  • Significant expertise in non-profit tax, accounting, and financial management, regulations and reporting requirements
  • Passion for the advancement of Black and Brown entrepreneurs and commitment to racial equity
  • The highest caliber decision-making, problem-solving, and time management skills
  • Leadership skills with the ability to delegate, motivate, and inspire team members with authenticity, vulnerability, and a sense of humor
  • Integrity/ethics beyond reproach
  • Excellent written and verbal communication skills
  • Strong people skills, demonstrated by a keen ability to get buy-in from stakeholders and drive change
  • Excellent knowledge of data analysis and forecasting methods and proficient in financial reporting and accounting computer application systems
  • An analytical mind and deep comfort with numbers
  • Demonstrated resourcefulness and good judgment, along with the ability to lead by example
  • Ability to think strategically, anticipate future consequences and trends, and react as necessary, incorporating them into the organizational plan
  • Predisposition to mentor and subsequently increase responsibilities as team develops
  • Loves a good challenge and approaches challenges with joy and a sense of ownership and initiative

Experience Required

  • Master’s degree in Business Administration, Accounting, or Finance highly preferred
  • Certified Public Accountant designation preferred
  • Eight to ten years of experience in financial management is required
  • Demonstrated experience in financial management and accounting
  • Experience with audit, legal compliance, and budget development
  • Technologically savvy, with experience overseeing information technology teams and/or vendors
  • Experience effectively communicating key data, including presentations to senior management, the Board or other outside partners/influencers/clients

Our client offers excellent benefits and compensation package.

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