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SalaryChief Financial Officer
FLSA: Exempt
Reports to: Chief Executive Officer
Who We Are:
Covenant House is an international nonprofit organization dedicated to empowering young people to overcome homelessness and trafficking by providing best-in-class services and a shared commitment to unconditional love, absolute respect, and relentless support for each young person who walks through our doors.
General Description: The Chief Financial Officer (CFO) to manage the organization's accounting and finance activities, including reporting, budgets, investments, cash management, audits, and asset management. Reporting to the CEO, the CFO will work collaboratively with all leadership team members to ensure the organization's efficient and sustainable operations. The ideal candidate will be a mission-driven, detailed-orientated, highly collaborative leader with exceptional strategic and financial acumen and demonstrated talent for continuously improving finance systems. Additionally, the CFO will mentor the finance team, helping them achieve their professional goals and work at their optimal capacities.
The Benefits We Proudly Offer:
- Medical, Dental, and Vision Insurance Plans.
- Flexible Spending Accounts.
- Short/Long Term Disability Coverage.
- Company-paid life/ADD insurance.
- 403B Retirement Plan (with annual company contribution).
- Generous Paid Time Off (20+ days annually).
- Holiday Pay (13 annually).
- Stability that coincides with working for a national leader in human services.
QUALIFICATIONS
- Bachelor's degree in accounting, finance, or related field required; Master's degree preferred.
- Eight (8) years of senior leadership experience in finance, forecasting, fiscal management, and analysis.
- Experience as a senior executive in nonprofit organizations, showcasing a track record of service and an entrepreneurial approach in crafting strategic plans, business policies, and practices.
- Extensive professional experience in finance, accounting, budgeting, and cost control principles, with a strong grasp of GAAP (Generally Accepted Accounting Principles).
- Strong grants tracking & reporting experience; a plus to have experience with local, state, and federal grants.
- Comfort working with a diverse population with myriad backgrounds and lived experiences.
- Awareness of and sensitivity to the needs of homeless and at-risk youth that CHM serves.
FINANCE & ACCOUNTING
- Develop and administer financial management policies and procedures aligned with corporate guidelines.
- Recommend and implement systems and controls to ensure accurate accounting for various grantors, funding streams, and efficient financial operations, complying with standard nonprofit accounting principles.
- Oversee prudent fiscal management to maintain a positive and strong financial position.
- Direct/oversee agency’s 990, financial audit, ensuring timely completion/accurate financial reporting.
- Analyze financial information and recommend corrective measures; develop metrics and financial tools.
- Coordinate payroll and benefits with the Chief Human Resources Officer.
- Manage RFP process (bid & selection) in collaboration with Board Finance Committee.
- Oversee compliance with grantors, donors, & various federal/state/local agencies and government entities.
- Maintain records of payments, contracts, leases, and legal documents.
STRATEGIC PLANNING
- Collaborate with the CEO & leadership team to develop the organization's strategic plans, goals, and budget.
- Execute the implementation of the strategic plan, goals, and objectives.
- Ensure that financial forecasts are aligned with long-term organizational goals.
Chief Executive Officer
Job Description -2-
Job Description -2-
FINANCIAL REPORTING & BUDGETING
- Manage the monthly financial close process, including preparing monthly reports such as budget comparisons/trend analyses, while overseeing the finance team's month-end financial close bookkeeping.
- Work closely with the Development Team to develop grant budgets and provide timely and accurate financial reports to funders and grantors.
- Lead efforts to increase financial literacy across the organization to promote effective budget management and develop internal leadership.
- Develop annual operating and capital budgets with the Executive Director and department directors.
ORGANIZATIONAL LEADERSHIP
- Provide strategic leadership & vision to the finance team, fostering a culture of excellence and collaboration.
- Collaborate with executive leadership to align financial strategies with organization's overall mission/goals.
- Promote/maintain a healthy organizational culture valuing diversity, inclusion, and continuous improvement.
- Serve as a key advisor to the CEO and Board of Directors on financial matters, offering insights to support informed decision-making.
- Establish and maintain effective communication and coordination between finance and other departments to ensure seamless operations.
TALENT MANAGEMENT
- Develop/implement talent management strategies to attract, retain, develop a high- performing finance team.
- Foster a culture of continuous learning and professional growth within the finance department.
- Conduct performance evaluations, set goals, provide feedback to promote career development and excellence.
- Identify skill gaps/training needs within finance team & coordinate relevant training and development initiatives.
BOARD MANAGEMENT
- Interface with the Board of Directors through various committees and task forces, and attend/present at CHM Board meetings, including Board Finance Committee meetings.
- Execute orders and resolutions of the Board of Directors and national corporation as applicable.
INVESTMENTS
- Ensure adherence to the Investment Policy approved by the Board of Directors.
- Reconcile investments on a monthly basis & report to Board of Directors and executive leadership.
This is an outline of the primary responsibilities of this position. As with everything in life, things change. The tasks and responsibilities can be changed, added to, removed, amended, deleted and modified at any time by the organization.
We are an Equal Opportunity Employer committed to a culturally diverse workforce. We are committed to providing an inclusive environment based on mutual respect for all candidates and team members. All qualified applicants will receive consideration for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, height, weight, marital status, gender identity expression, disability status, protected veteran or other legally protected status by state or federal law.
At Covenant House Michigan the health and safety of our employees is our top priority. Vaccination has been proven to play a critical role in combating COVID-19. As a result, Covenant House Michigan has made the decision to require employees to be fully vaccinated against COVID-19. Newly hired employees will be required to provide proof of their COVID-19 vaccination.
