The Summit Area YMCA, with 4 branches in beautiful Summit, NJ and its surrounding towns, offers a C-suite position for qualified CFO candidates. The Y has a rich 130 year history and is proud to have been the first Diversity, Inclusion & Global (DIG) YMCA in the state of NJ.
The Summit Area YMCA has a strong financial balance sheet with a $15+MM budget and is growing our business through capital projects including both a new facility and large-scale building renovations. As it is for many other Ys, the communities we serve are changing rapidly and we are excited to be at the forefront as a leading nonprofit in our community to meet these evolving needs! We seek a CFO who will help lead and sustain the organization’s day-to-day financial operations, as well as steward our Y’s longer-term expansion efforts with innovation and responsibility.
We’d love to learn more about how you would fit into our team!
Areas of Responsibility:
- Monitors monthly financial operations, prepares analysis and reports, and gives guidance to executive and operating staff. Works closely with operations staff on issues that affect financial outcomes. Secures and allocates program or project resources so that strategic objectives can be achieved. Prepares specific recommendations.
- Manages staff and oversees operations of accounting/finance, information systems and other assigned departments.
- Actively engages the Board in challenging conversations and decision making to advance the Y's impact. Works directly with assigned committee(s) of the Board and Association (Finance, Insurance, Investment, Audit, for example) to build volunteer relationships, develop policies, monitor their implementation and meet the related needs of the Board.
- Reviews, updates, and/or develops internal control systems for the YMCA and oversees internal audits which check for compliance on a variety of policies and standards. Provides recommendations for improvement.
- Oversees and certifies the annual audit and meets periodically with the outside auditors to maintain communications and keep them informed of changes in the YMCA. Ensures that current accounting standards and legal requirements are met.
- Anticipates trends and their implications on the future of the organization. Manages investments under the direction of the Investment Committee, and within the risk tolerance expressed by the Board via the asset allocation policy.
- Develops performance indicators and measurement systems for tracking strategic plan objectives. Evaluates current business and cost models and leads efforts to modify or redesign business models where necessary.
- Oversees preparation of reports to YMCA of the USA and governmental agencies and any and all grant/foundation submissions. Oversees preparation of tax returns including IRS Form 990.
- Oversees the development of the annual operating budget, including all branch budgets. Guides the organization to make tough choices about what to stop, start, and continue. Works closely with operations staff to ensure that branch budgets are well-planned, realistic, and prepared in a timely manner.
- Manages tax-exempt bond transactions and files all necessary reports.
- Establishes, maintains and/or monitors all banking and financing relationships.
- Maintains all necessary records and accounting reports and records all transactions on a timely basis.
- Maintains good working relationships with auditors, bankers, investment counselors, attorneys and other professional advisors.
- Manages and challenges the Information Technology Department to higher performance and service, inclusive of hardware, software and business solutions.
- Negotiates and manages various risk management insurance contracts.
- Represents the YMCA with key community organizations and events as required.
- Partipates in the Annual Campaign, including soliciting volunteer campaigners, acting as a staff liaison to a volunteer team, and managing the Association's Campaign financial records.
Educational Background:
Bachelor's degree in business, finance or equivalent; MBA, CPA or CMA preferred.
Skills/Experience:
- YMCA Organizational Leader certification preferred.
- Eight or more years of substantive experience in accounting and fiscal management.
- Knowledge and understanding of general business matters required including budget development, financial reporting, cash management, business taxes, banking and debt financing instruments.
- Knowledge of computer systems, including experience with system selection, new system implementation and project management.
- Personal computer and smartphone skills required.
- Experience with investment management and asset allocation preferred.
- Experience in effectively managing a staff team.
- Previous experience with voluntary/nonprofit organizations preferred.
- Experience with fundraising preferred.
- Experience financing and costing a capital building project preferred.
- Ability to work flexible early or late hours, and an occasional weekend, if required.
Compensation/Benefits:
Salary: $95,000.00 - $115,000.00
Job Function:
Organization Info
Listing Stats
Post Date:
Jul 26 2018
Active Until:
Aug 26 2018
Hiring Organization:
YMCA of the USA
industry:
Nonprofit