Executive Vice President & Chief Financial Officer

Exciting opportunity exists to join our dynamic senior team at the Old Colony YMCA

Job Description

The Chief Financial Officer at OCY serves on the CEO’s senior leadership team; o versees and manages financial matters, investments and and provides strategic direction and leadership for business operations and initiatives . The Chief Financial Officer also positions the Y as a community convener and collaborator to address critical social issues.

Qualifications

• Bachelor’s degree in business, finance or equivalent; CPA required for government funding and related complexity.

• YMCA Organizational Leader certification preferred or will encourage leader from outside the YMCA to achieve where applicable.

• 15 or more years of substantive experience in accounting and fiscal management including public accounting.

• 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 as well as government contracts.

• Advanced systems and personal computer 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 being a member of a Board is preferred.

Essential Functions

1. Monitors monthly financial operations, prepares analysis and reports, and guides executive and operating staff. Works closely with operations staff on issues that affect financial outcomes. Secures and allocates program or project resources to achieve strategic objectives. Prepares specific recommendations.

2. Reviews, updates, and 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.

3. Manages the staff and oversees the operations of the accounting/finance and has signing authority for the organization.

4. Oversees 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 to include risk management tasks.

5. Actively engages the board in challenging conversations and decision-making to advance the Y's impact. Works directly with 3 assigned committees of the board including Finance, Audit and Compliance and Investment to build volunteer relationships, develop policies, monitor their implementation and meet the related needs of the board.

6. Anticipates trends and their implications on the future of the organization.

7. Works with the professional investment advisor firm engaged by the Investment Committee who under the direction of the Investment Committee, and within the risk tolerance included in the Investment Policy Statement (IPS).

8. Develops performance indicators and measurement systems for tracking strategic plan objectives. Evaluates current business models and leads efforts to modify or redesign business models where necessary.

9. Oversees preparation of reports to a variety of Government agencies, Internal Revenue Service, Uniform Financial Reporting, Uniform Guidance, Financial Banking (for bond covenants) and YMCA of the USA. Reports due dates vary and include annual, quarterly and monthly.

10. Oversees the development of the annual operating budget, including all branch budgets. Guides the organization on major assumptions, 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.

11. Manages tax-exempt bond transactions and files all necessary reports. Establishes, maintains and/or monitors all banking and financing relationships.

12Maintains all necessary records and accounting reports and records all transactions on a timely basis.

13 Maintains good working relationships with auditors, bankers, investment counselors, attorneys and other professional advisors.

14. Ensures that Policies over Financial Accounting, reporting, internal controls are developed and communicated to leaders and incorporated into financial reporting on or before effective implementation date.

Cause-Driven Leadership Competencies

• Critical Thinking & Decision Making

• Fiscal Management

• Program/Project Management

• Volunteerism

Ymca Careers
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