WANTED: Chief Financial Officer for FFL
We are looking for a CFO who acts as a proactive problem solver and has a management approach that reflects the connection between a strong organizational finance infrastructure and the organization’s ability to achieve its mission.
Foundation for Louisiana (FFL) is seeking a talented and creative Chief Financial Officer (CFO) with extraordinary finance and management skills, who can serve as a thought partner and resource to the senior management team, board, and staff. In addition to providing strong financial oversight and forecasting, it is critical that the person who fills this role be passionate about social justice and able to think creatively about the internal administrative structures and financial reporting necessary to support decision-making at all levels of the organization.
We are looking for a CFO who acts as a proactive problem solver and has a management approach that reflects the connection between a strong organizational finance infrastructure and the organization’s ability to achieve its mission. This position requires excellent judgment, informed and thoughtful decision-making, strong interpersonal skills, attention to detail, and the ability to communicate financial information clearly to a broad range of audiences. It also requires a flexible approach to management that enables FFL and its staff to address opportunities and challenges nimbly as they arise.
The Chief Financial Officer will be responsible for ensuring the financial compliance and overall fiscal health of Foundation for Louisiana through oversight of the day-to-day financial and administrative activities, including preparation and management of the operating budget, investment portfolio, annual audit, review/ implementation of financial policies and procedures and appropriate internal and external reporting. The CFO will report directly to the President and Chief Executive Officer. This person will provide training and mentorship to other members of the staff as needed.
• Ensures that FFL maintains financial systems that adhere to the highest standards for accuracy and integrity and produce financial information necessary to ensure an efficient and responsive organization.
• Handles cash management and banking relationships.
• Works closely with staff and the board to prepare budgets, monitor progress and initiate changes as appropriate.
• Guarantees that official documents and records are retained; ensures compliance with state and local regulations.
• Provides oversight of audit and all tax filings; ensures that all local, state and federal requirements are met to maintain 501c3 status.
• Conducts official correspondence for the organization, in conjunction with the President and CEO.
• Ensures that the President/CEO and board are provided with accurate and digestible information regarding FFL’s financial status on a regular basis; creates financial reports and statements that are structured to tell the FFL story and that can be used and adjusted to a variety of needs and audiences.
• Serves as a thought partner and problem solver to the senior management team and board to facilitate timely financial decision-making.
• Maintains a baseline knowledge of resources and tools required to gather data; ability to integrate, synthesize and utilize data.
• Serves as a partner to Directors and other staff, including timely response to requests for information, meeting necessary deadlines (board meetings, donor meetings, proposals and reports, etc.), assists with strategy and problem solving around financial and facility issues, provides financial management mentorship as needed.
• Maintains positive relationships with staff, funders, grantees and other partners.
• Identifies opportunities to reduce costs or increase revenues, as well as flags areas of financial risk for FFL and works closely with CEO to develop strategies to minimize risks and capitalize on opportunities.
• Establish guidelines for budget and forecast preparation, and prepare the annual budget in consultation with the CEO and Treasurer and/or Finance Committee
• Assist Program Directors and Project Managers with the preparation of budgets for funding applications
• Maintain financial records for each project in a manner that facilitates management reports
• Ensure that accurate and timely financial statements are prepared in accordance with contract agreements with funders
• Provide accurate and timely reporting on the financial activity of individual projects
• Leads grants management duties, including timely and accurate disbursement process for grants in accordance with the Foundation’s policies and relevant legal and best practice standards.
• Manage processes for assuring prompt recording and acknowledgment of charitable gifts received by the Foundation in collaboration with Development department.
• Support operational processes for fund establishment and valuation/disposition of non-cash gifts, production of timely donor statements and other externally-facing financial activities.
• Evaluate the need for new technology to meet the organization’s financial data processing, control, and reporting requirements
• Advise on appropriate technology that meets the organization’s information requirements and financial resources
• Monitor risk management policies and procedures to ensure that program and organizational risks are minimized
• Advise the organization’s leadership on appropriate insurance coverage for the organization and the Board of Directors
• Supervise the administrative function of the organization including reception, property/facility management, safety of the work environment, and provision of furnishings and equipment necessary for effective operations
• Handle the management of all leases, contracts and other financial commitments
• Performs other duties, financial analysis or special projects as assigned by the CEO.
Desired Knowledge, Skills and Experience:
We are committed to finding the right person for this position, seeking a range of candidates who might be a great fit
• Deep commitment to FFL’s mission to invest in people and practices that reduce vulnerability and build stronger, more sustainable communities.
• Bachelor’s degree in Finance or Accounting required; CPA certification and/or advanced degree, such as an MBA, preferred.
• Minimum of 5 years of experience in a senior finance position working as part of a senior leadership team.
• Experience with and a strong working knowledge of GAAP-based accounting, as well as experience leading an audit.
• Deep knowledge of nonprofit accounting and budgeting, financial management and forecasting, as well as grant making processes and procedures.
• Experience with financial accounting and reporting software platforms, such as FIMS.
• Experience developing financial infrastructure, policies and systems that encourage and facilitate collaboration and innovative thinking.
• Excellent leadership skills, including the ability to motivate, inspire trust and confidence, set bold but achievable goals and ensure accountability.
• Established track record of unwavering commitment to the highest standards of quality performance, organizational integrity and ethical behavior.
• Demonstrated success in strategic thinking, planning, implementation and problem solving together with a high degree of flexibility and the ability to manage successfully in a fast-paced, dynamic environment, is open to others ideas and has a “can do” attitude.
• Ability to set and manage competing priorities (weekly, monthly, yearly); highly attentive to detail.
• Understanding of the philanthropic and nonprofit sectors.
• Excellent communication skills and comfortable with an “open door” policy.
• Commitment to social and racial equity; diversity.
BENEFITS: Competitive benefits including medical, 403(b) retirement, and paid leave/vacation.
SALARY: Salary is commensurate with experience. Please include your salary requirements along with your materials.
HOW TO APPLY: Please submit a letter of interest and a resume, which must include salary requirements, to firstname.lastname@example.org. Applications will be accepted until the position is filled. Foundation for Louisiana is focused on building a diverse and inclusive workforce. If you are excited about this role, but do not meet 100% of the qualifications listed above, we encourage you to apply. Foundation for Louisiana follows an equal opportunity employment policy and employs personnel without regard to race, creed, color, ethnicity, national origin, religion, sex, sexual orientation, gender expression, age, physical or mental ability, veteran status, military obligations, criminal justice background and marital status.
This policy also applies to internal promotions, training, opportunities for advancement, terminations, outside vendors, members and customers, service clients, use of contractors and consultants, grantees, board members and dealings with the general public.