Chief Financial Officer

Description

Job Title: Chief financial Officer  

FLSA Status: Exempt 

Job Type: Full Time 

Salary: $200,000 

Reports To: CEO 

Hiring Organization: Central Indiana Community Foundation 

 Job Summary: 

The Chief Financial Officer (CFO) will have executive level authority to supervise, guide, direct, and control all of the activities of the Administrative/Finance/Operations/Investment Departments. Under the direction of the CEO this person has primary responsibility to manage, organize, review, and evaluate CICF’s administrative, financial, operations and investment management. This is a position of importance due to the incumbent’s representation of the Foundation and its values and brand experience.

Essential Responsibilities:

Executive Leadership:

• Thought partner to the CEO on all financial matters including current investment approach and future strategies and ensuring that financial and investment operations functions and offerings are aligned with the foundation’s mission, values, and purpose.
• Collaborate with the CEO and Philanthropic Collaborative Leadership Team to steward resources at the foundation; provide the internal structure required with an emphasis on refining current priorities and with an eye to the future; regularly undertake nuanced strategic modelling, planning and stress-testing; and align resources to meet agreed-upon goals that amplify impact.
• Provide leadership and guidance to a high-performing Finance and Accounting (F&A) team; ensure the effective financial operations of the department including investments, managing cash flow for optimal returns, forecasting, developing and monitoring budgets, audit and tax matters, risk management and grants administration.
• Continually identify and interpret the foundation’s changing external environment – including the competitive marketplace, the demographics and needs of the community and the positioning of the foundation in the nonprofit sector.
• Establish relationships of trust and influence; expand and share the foundation’s mission, vision and purpose and contribute to building an organizational culture fostering equity, diversity, inclusion, respect and trust, curiosity, and collaboration.
• Provide partnership, education, and information to the Finance and Audit Committee and the Joint Investment Board (JIB) and the Board; make financial reports at board and committee meetings.

Investments:

• Provide professional oversight of the foundation’s investment consultant and advisors and work closely with the Joint Investment Board to ensure effective administration of its investment program.
• Work with the foundation’s investment consultant to monitor investment performance, ensure compliance with the JIB’s policy guidelines, promptly and accurately meet Investment Committee calls and distribution allocations, and report to the JIB and the Board.
• Ensure timely and accurate reporting of investment activity and Donor Advised Fund balances to donors and fund-holders.
• Develop and implement new investment programs to engage donors to utilize the foundation’s endowment through impact investing and a variety of other investment vehicles and strategies.
• Enhance and refine the stewardship, monitoring, and appropriate marketing of Outside Managed Funds.
• Partner with the CEO in developing a national platform for the Community Foundation sector ensuring the foundation is a role model in best practices.
• Play a leadership role locally and nationally in conversations with community foundation leaders; stay apprised of new developments and opportunities that relate to investment strategies in the sector.
• Work closely across teams to ensure that all assets are invested consistent with the terms of individual fund agreements and donor intentions.
• Represent the foundation’s investment program to donors, endowment partners, key stakeholders, and the nonprofit community.

Accounting and Financial:

• Manage the foundation’s financial systems.
• Provide accurate and up-to-date internal cost allocations so that the organization can appropriately price products and allocate    the foundation’s workforce.
• Manage the foundation’s banking relationships.
• Work with the philanthropic collaborative leadership team to establish and monitor the annual budget.
• Develop accounting policies and procedures in accordance with GAAP.
• Prepare the accounting records for the annual audit; assisting the accounting firm who prepares the annual form 990 and other tax forms as necessary.
• Develop the calculations necessary for payments on Charitable Remainder Trusts.
• Ensure proper administration and investment of trusts for which the foundation serves as trustee.
• Liquidate non-cash assets received and accepted by the foundation.
• Provide proper administration of non-cash assets including life insurance policies, real estate, partnership interests, and cryptocurrency.
• Maintain appropriate insurance levels for the foundation’s protection.
• Issue annual payments to agencies and designated grantees.
• Ensure compliance with federal and industry accepted practices in distributing grants.
• Monitor and evaluate the grant making data to measure effectiveness and impact.

Financial Leadership:

• Oversee the team working with financial management and accounting, including cash and non-cash assets, internal control procedures, gift receipts, grant disbursements, accounts payable, administration of trusts, and administration of the foundations fee structure and spending policy.
• Ensure compliance with all applicable financial, legal and regulatory requirements as well as high quality audit and tax return preparation.
• Model and instill a service orientation and continuous improvement culture that inspires a high-performing professional staff; use strong organizational planning and communication skills to implement comprehensive foundation-wide systems and decision-making rooted in a best practice mindset.
• Empower and develop teams with diverse skill sets to competitively strive for improved operational solutions and sustainable growth.
• Cultivate buy-in, commitment, and teamwork through alignment, accountability, and rewarding team accomplishments.
• Work closely with others to reinforce leadership, collaboration, and management success relative to the strategic priorities of the foundation.

Requirements

Qualifications:

• B.A. in related field, C.P.A. and/or Master’s Degree preferred.
• At least 15 years of overall professional experience; ideally 10 years of broad financial and operations management experience related to and described in the “Key Responsibilities” section.
• Experience in leading and supporting organizational change efforts.
• Successful professional experience in leading, managing and supervising diverse teams and interacting with boards of directors.
• Demonstrated success in designing and sustaining management and operational plans to advance long term goals through annual work plans.
• Experience in communicating in a persuasive, credible manner, in person, in digital settings, and in writing and presentations.
• Strong analytical and evaluative skills.
• Computer proficiency in all Microsoft components.
• Demonstrates consistent quality and commitment to excellence.
• A hands-on collaborator who takes pride in team accomplishments and is flexible to fill any gaps needed to achieve the goals of the Philanthropic Collaborative.

Working Conditions:

Flexible hybrid office environment (in office three days a week). Home base–English Foundation Building in downtown Indianapolis, plus additional space and expectation of presence in Hamilton County Community Foundation’s Fishers office.

CICF offers competitive salary and benefits including:

• 403(b) Retirement Plan with company match
• Health, Dental, Vision and Pet Insurance
• Health Savings Account (HSA)
• Potential for an annual bonus, based on organizational and individual performance
• 4 weeks Vacation and 10.5 Paid Holidays

EQUAL EMPLOYMENT OPPORTUNITY:

Central Indiana Community Foundation, The Indianapolis Foundation, Hamilton County Community Foundation and Women’s Fund of Central Indiana are equal opportunity employers that seek to recruit persons of diverse backgrounds and to support their retention and advancement. Justice is one of our core values, and we are committed to fostering a workplace culture inclusive of people with respect to their race, ethnicity, national origin, gender/gender identity, sexual orientation, socioeconomic status, veteran status, marital status, age, disabilities, political affiliation, religious beliefs or any other characteristic. Our commitment to justice and diversity also means providing a work environment that is welcoming, respectful, and engaging.

Our mission is to mobilize people, ideas and investments to make Central Indiana a community where all individuals have equitable opportunity to reach their full potential—no matter place, race or identity.

Racism deeply impacts the well-being of our communities, compounding existing disparities and creating intersectional barriers. We strive to name and address these barriers through community engagement and assessment, relevant and effective policy creation, and organizational accountability methods. We support initiatives that address all forms of oppression, however, maintaining an explicit focus on race is essential to advancing equity across our communities. Improving outcomes for people of color will improve outcomes for everyone.

Salary : $200,000 - $0