Chief Financial Officer

Job Title: Chief Financial Officer

Reports to: Chief Executive Officer

Type: Full-Time Exempt

Category: Finance, Leadership

Background on UTEC.:

UTEC’s promise is to ignite and nurture the ambition of our most disengaged youth to trade violence and poverty for social and economic success. UTEC’s outcomes-focused model begins with intensive street outreach, reaching proven high-risk youth where they’re at. UTEC engages youth in workforce development and educational programs, and provides mental health services and intensive case management. Social justice and civic engagement are embedded in all programming. For more info, please visit www.utecinc.org.

UTEC is committed to its vision for Diversity, Equity and Inclusion which pledges to honor the lived experiences and expertise of individuals; create community and celebration of cultures; challenge all forms of oppression; and embody a culture that leans into discomfort and recognizes it as a growth opportunity. UTEC is dedicated to fair and equitable compensation practice, the health, mental health, and overall well-being of young adults and staff and to creating an environment that supports work-life balance and the individual and professional growth of all. 

Job Summary

UTEC’s CFO provides financial leadership for a $15M nonprofit organization that also provides job training in Social Enterprises. The position is responsible for all Accounting, Financial Planning and Analysis, Risk Management, and Business Partnership for the Executive team.   

Duties/Responsibilities

• Manages UTEC’s Controller and the finance team of five finance professionals.
• Overall responsibility for accurate accounting (closing, A/P, Payroll, SE invoicing, Fixed Asset management, Collections), financial statement preparation, financial reporting, Budget preparation, forecasting, banking and audit relationships, and partnership activities with the CEO and other Executives.
• Tactical financial management of State and Federal Contracts with the finance team and the programming team.
• Organizational cash management
• Personal Support to the Development team crafting fundraising proposals and interface with large donors
• Management of tenant leases, and oversight of facilities activities from a financial perspective
• Advice and counsel to the Leadership team on tactical and strategic financial matters
• Development of financial models and financial analysis on an as needed basis
• Business Analysis support to UTEC’s  mission driven Social Enterprises including mattress recycling, woodworking, and culinary businesses.
• Development and Management of finance team including creating goals, regular performance reviews, and development and execution of staff job skill development     
• Compliance with all applicable state, federal, and accounting regulations
• Risk Management for the organization
• Participation in the Executive Leadership Team
• Work with the Board to further develop the finance committee
• Key External partnerships for banking, credit lines, and external auditors as well as with key funders
• Coach emerging leaders in areas of non-profit financial management

Required Skills/Abilities 

• Experienced Financial leader with 15+ years of experience including the complexities of managing multi-program organizations from a financial perspective. 
• Non- profit financial management experience including large foundation grants, federal and state contracts, and individual giving. 
• Excellent accounting skills as demonstrated by applying theory to practical situations, and demonstrating successful audit results.
•  Can develop a budget personally and work with others within the organization on establishing budgets and forecasts.
• Demonstrated ability to work with HR to develop salary planning guidelines, and collaborate on compliance areas that cross finance and HR.
• Excellent written and oral communication skills. 
• Ability to meet deadlines and prioritize tasks in a fast -paced work environment.
• Able to explain and work with an organization that has some leaders with limited financial skills. 
• Personally Proficient in excel and word and presentation software. 
• Commitment and ability to further agency-wide DEI goals  across the organization and within the finance team.

Education and Experience

• Minimum of a Bachelor’s Degree in Accounting/Business, advanced degrees are a plus.  
• 5-10 years experience in a Leadership Role.
• Experience in a complex nonprofit environment in both a hands-on capacity and a leadership capacity is preferred.
• For profit experience with both accounting and FP&A expertise combined with nonprofit experience would be highly valued.

Requirements

• Ability to work in Lowell Massachusetts
• Prolonged periods sitting and working on a computer

Salary/Benefits: $120,000-$150,000 plus benefits, commensurate with experience. UTEC offers a competitive benefits package that starts with 4 weeks of vacation (3 standard for all new employees and a week of agency-wide closure between the Christmas and New Year holidays), 12 holidays, 10 sick days, 2 personal days, health, dental and vision insurance, life insurance, an annual cost of living increase, a 457B retirement plan and up to $4,000 per employee of professional development support.  With time, benefits grow to include up to 6 weeks of vacation, 80% coverage of employee health and dental insurance costs and availability for a 3 week sabbatical. 

UTEC also stresses the importance of work-life balance and offers several wellness opportunities including additional time off (i.e. for the past two years we have closed at 3pm on Fridays during the summer months), an employee assistance program, down payment assistance for first time home buyers, parental leave, bereavement supports and unlimited free coffee!

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