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Chief Financial Officer

This job is no longer available

Peabody, MA, USA
Full-time

This is a tremendous career opportunity for a senior finance executive, to make a huge impact on the communities we serve!

The YMCA of Metro North has a long history of providing many communities throughout the Northern suburbs of Boston with outstanding programs and services for youth, adults and families. Serving the communities of Lynn, Peabody, Saugus, Melrose, Nahant, Revere, Lynnfield and Stoneham. As one of Massachusett's leading nonprofits, we are committed to strengthening communities by improving health, empowering youth, and activating people for good. Every day, the YMCA of Metro North welcomes and connects thousands of men, women and children to ensure that everyone, regardless of age, income or background, has access to its programs and services.For more than 165 years, the YMCA has been creating communities of caring individuals who are committed to assuring that everyone is reaching his or her fullest potential.

We are seeking an experienced Chief Financial Officer (CFO) who desires to join a team of talented senior leaders, committed to supporting our network of branches, programs and services. The goal of our “team” is to ensure the success and efficacy of our branch network. Join us at the YMCA of Metro North and make a lasting difference in the lives of those we serve.

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 Metro North (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, cash flow, financing, 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.
  • Oversee compliance with Federal contracts, New Market Tax credits agreements, and tax-exempt bond transactions.
  • 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 here in above.
  • 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.
Prefer Masters in Business Administration and /or a licensed CPA.
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.
Compensation/Benefits: 

Salary: $125,000.00 - $140,000.00

Job Function: 

Organization Info

YMCA of the USA

Overview
Headquarters: 
Chicago, IL, United States
Annual Budget : 
$100-500M
Founded: 
1983
About Us
Mission: 

The YMCA mission is: To put Christian principles into practice through programs that build healthy spirit, mind and body for all. YMCA of the USA (Y-USA) is the national resource office for the Y, one of the nation's leading nonprofits strengthening communities through youth development, healthy living and social responsibility. Across the U.S., 2,700 Ys engage 22 million men, women and children – of all ages, incomes and backgrounds – to nurture the potential of children and teens, improve the nation's health and well-being and provide opportunities to give back and support neighbors. Anchored in more than 10,000 communities, the Y has the longstanding relationships and physical presence needed not just to promise, but also to deliver, lasting personal and social change.

Programs: 
  1. YOUTH DEVELOPMENT: Nurturing the potential of children and teens
  2. HEALTHY LIVING: Improving the nation’s health and well-being
  3. SOCIAL RESPONSIBILITY: Giving back and providing support to neighbors

Listing Stats

Post Date: 
Oct 8 2019
Active Until: 
Nov 8 2019
Hiring Organization: 
YMCA of the USA
industry: 
Nonprofit