Under the supervision of the President/CEO, the CFO is responsible for the development, analysis, documentation, coordination and implementation of the strategies that enable the YMCA of Greater Boston (hereinafter the “Association”) to strengthen its finances and, ultimately, increase the Association’s impact in the communities it serves. The CFO will provide guidance and recommendations regarding budgeting, revenue and expenses, investments, capital development, procurement, real estate holdings, risk management, annual audits, and compliance with federal, state and local laws governing the finances of the Association.
Areas of Responsibility:
- Oversight of accounting, finance and other functions as required.
- Provides strategic direction, analysis and support to systems for financial accounting, risk management, purchasing, record keeping, reporting and compliance with regard to the legal, tax and audit requirements.
- Responsible for setting annual budget targets and ensure effective management of investment portfolio.
- Provides strategic direction and analysis for all financing by the Association, including leasing, banking and other relationships to ensure the association is properly financed.
- Develop reliable operating pro-formas, financial modeling and analysis to identify opportunities and risks associated with projects, ventures and programs.
- Develop strategic plans for all purchasing by the Association.
- Negotiate and/or oversee the negotiation of vendor agreements, bids, contracts and services to ensure optimum service and pricing for the Association.
- Work with CEO to select and engage outside consultants, including attorneys, auditors and investment advisors.
- Oversee long-term budgetary planning and cost management in alignment with the Y’s strategic plan, especially as the Association considers potential acquisitions and collaborations with external organizations/partners.
- Manage cash flow and forecasting by working with others to develop cash flow projection process and reporting mechanisms that include minimum cash thresholds to meet operating needs.
- Work with banks, lenders, funders, partners and Association leaders to build relationships that optimize the Association’s financial vitality.
- Manage and track the performance of the Y’s endowment fund in keeping with the policies and investment guidelines established by the Investment Committee of the Board of Trustees.
- Provide leadership and staff support to the Finance, Investment, Audit and Risk Management, Executive, Trustee and other Association/Branch Boards and ad hoc committees as necessary.
- Assist in establishing yearly objectives and meeting agendas for Committee work.
- Support the Association’s capital development and improvement efforts by the Association leadership vested with said responsibilities, including the Capital Planning Committee.
- Mentors, coaches, trains and develops staff and associates to ensure succession, proper staffing levels and skills to manage all areas of responsibility outlined hereinabove.
- Provide support to President/CEO, Board of Directors and committees as needed and perform such other duties as may be required to ensure success of the Association.
Educational Background:
Bachelor’s degree in accounting, finance or business.
Skills/Experience:
- The candidate must have at least 10 - 15 years of broad finance experience, including a strong understanding of accounting and the ability to evaluate complex financial information resulting in actionable recommendations to senior leadership.
- Experience managing additional corporate functions beyond Finance, such as risk, information systems/technology, shared services (collaborative purchasing) and volunteer relations.
- YMCA Executive Finance experience preferred, but not mandatory.
- Prefer Masters in Business Administration and /or a licensed CPA
Job Function:
Organization Info
Listing Stats
Post Date:
Sep 30 2018
Active Until:
Oct 30 2018
Hiring Organization:
YMCA of the USA
industry:
Nonprofit