Careers
The Institute is hiring!
All interested applicants should send a cover letter and resume to admin@theinstitutenc.org. Postings will remain open until positions are filled.
CHIEF FINANCIAL OFFICER
Position Summary
This position is responsible for the management of the financial resources and the overall financial well-being of the organization, its programs and subsidiaries.
Position Description of Responsibilities
The CFO position assumes the following tasks and responsibilities:
- Oversees all aspects of the organization’s financial operations;
- Actively manages the day to day accounting and financial operations of the agency.
- Develops budgets for the agency as a whole, individual programs and new/proposed/expanded services, including the preparation of budget revisions as needed.
- Prepares all financial reports in a timely and accurate manner; makes recommendations to the President & CEO, staff and board on all financial matters relevant to the successful operations of the organization.
- Oversees the agency’s banking and investment activities and actively manages cash flow to ensure it meets agency needs.
- Makes recommendations to strengthen the organizations internal financial controls and reporting processes.
- Maintains accurate financial records in accordance with GAAP standards with appropriate supporting documentation.
- Assures staff adherence to agency fiscal policies and procedures, as well as financial work plans.
- Works closely with the organization’s Board Treasurer, the audit committee and the executive committee, reports quarterly to the full Board of Directors or as required by the President & CEO. Report on financial results and issues to the President & CEO and Board of Directors.
- Serves as agency’s primary liaison with its independent Auditor to ensure that annual audit is completed smoothly, successfully and in a timely manner.
- Works closely with HR Coordinator on all employee benefits issues.
- Track important KPIs and analyze trends.
- Meets regularly with the President & CEO and Chief Operations Officer to discuss the financial health of the organization.
- Works with management and staff to coordinate required financial and program reporting to the agency’s funding sources.
Position Qualifications
- Proven experience as a CFO, preferably with a non-profit organization
- Bachelor’s degree in Business Administration or Accounting required, CPA preferred
- Five to ten years of experience in non-profit accounting or directly related to the duties and responsibilities of a CFO
- Demonstrated non-profit financial management experience
- Demonstrated experience managing a capital campaign
- Ability to explain financial terms in simple language
- Knowledge and experience managing the finances of a Community Development Financial Institution preferred
- Excellent computer skills with competencies in Excel, Not-for-Profit Accounting Software (i.e. SAP and Blackbaud) and MS Word software applications essential