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SalaryAbout JumpStart Inc.
JumpStart is a non-profit venture development organization whose mission is to unlock the full potential of entrepreneurship to transform entire communities. Our vision is to collaborate with partners to generate dramatically improved and inclusive economic outcomes by supporting diverse entrepreneurs, optimizing entrepreneurial ecosystems, and accelerating innovation throughout the State of Ohio.
Key to JumpStart's success is its ability to leverage the skills, experience, and creativity of its inspired team to transform entrepreneurial aspirations into actions with measurable impact. JumpStart leaders and teammates take great pride in JumpStart being a highly demanding yet enjoyable place to work.
Position Summary
The Chief Financial Officer (CFO) will cultivate a strong understanding of the business and work closely with JumpStart's Chief Executive Officer (CEO) to drive financial discipline and fiscal accountability across all lines of business (LOB) and programmatic areas of the organization to help accomplish the organization's mission. In this role, the CFO serves as a strategic and operational advisor to all leaders in direct partnership with the CEO to assist them with strategic decisions and tactical operations to ensure the fiscal health of the organization and long-term impact.
A critical leader in the organization, this visionary strategically positions the organization for sustainability and impact today with an eye toward the future through sound fiscal planning and management practices. The CFO will lead a high-performing finance and accounting team, ensuring revenues and expenses stay in balance, overseeing FP&A (financial planning & analysis) functions, making recommendations on mergers and acquisitions, obtaining funding, working with department heads to analyze financial data and craft budgets, attesting to the accuracy of reports and consulting with boards of directors and the CEO on strategy reflects how this position impacts the organization and our mission.
Essential Job Functions
40% - Strategic and Operational Leadership
JumpStart is a non-profit venture development organization whose mission is to unlock the full potential of entrepreneurship to transform entire communities. Our vision is to collaborate with partners to generate dramatically improved and inclusive economic outcomes by supporting diverse entrepreneurs, optimizing entrepreneurial ecosystems, and accelerating innovation throughout the State of Ohio.
Key to JumpStart's success is its ability to leverage the skills, experience, and creativity of its inspired team to transform entrepreneurial aspirations into actions with measurable impact. JumpStart leaders and teammates take great pride in JumpStart being a highly demanding yet enjoyable place to work.
Position Summary
The Chief Financial Officer (CFO) will cultivate a strong understanding of the business and work closely with JumpStart's Chief Executive Officer (CEO) to drive financial discipline and fiscal accountability across all lines of business (LOB) and programmatic areas of the organization to help accomplish the organization's mission. In this role, the CFO serves as a strategic and operational advisor to all leaders in direct partnership with the CEO to assist them with strategic decisions and tactical operations to ensure the fiscal health of the organization and long-term impact.
A critical leader in the organization, this visionary strategically positions the organization for sustainability and impact today with an eye toward the future through sound fiscal planning and management practices. The CFO will lead a high-performing finance and accounting team, ensuring revenues and expenses stay in balance, overseeing FP&A (financial planning & analysis) functions, making recommendations on mergers and acquisitions, obtaining funding, working with department heads to analyze financial data and craft budgets, attesting to the accuracy of reports and consulting with boards of directors and the CEO on strategy reflects how this position impacts the organization and our mission.
Essential Job Functions
40% - Strategic and Operational Leadership
- Develop and implement the financial strategy of the company. This includes long-term financial planning and forecasting, risk management, and investment strategies.
- Work with the CEO and all senior leaders across the organization on aligning and executing strategies and initiatives critical to the success of JumpStart on a short-term and long-term basis and provide ongoing support and problem-solving across all areas of JumpStart's work.
- Oversee the preparation and communication of monthly and annual financial statements. Ensure the timely reporting of key financial data and updates to the CEO, Board of Directors, and other key stakeholders.
- Lead financial discussions on all new initiatives to determine economic feasibility and impact of decisions.
- Direct the Finance and Accounting team and ensure their ongoing professional development and training. Participate in key decisions as a member of the executive management team.
25% - Finance
- Create strategic budgets for the organization carried out multiple years into the future, consistent with the strategic plan, and translate annual tactical budgets from these long-term projections.
- Communicate financial implications of long-term and tactical financial planning to senior leadership to ensure each understands how their LOB contributes to JumpStart’s financial success.
- Partner with the Executive Leadership in support of the organizational budget and forecast.
- Provide leadership and management to the finance team to deliver accurate and timely financial information while complying with all applicable regulations.
- Define and implement analysis and reporting to provide visibility and transparency to all business line leaders to support decision-making and execution of existing and new business programs.
- Manage cash flow and investment activities to ensure maximum returns while meeting financial commitments.[KA1]
- Ability to be involved and serve on the internal investment panel.
- Serve as primary point of contact with the JumpStart Finance and Audit Committee, leading all meetings in collaboration with the Chair of the Committee.
- Identify and address risks and opportunities for the organization.
15% - Operational Oversight of LOB Financial Activities
- Maintain in-depth relations with all members of the management team
- Identify financial driven Key Performance Indicators for the organization and socialize these to LOB leaders, measuring periodic performance and engaging with leaders to ensure accomplishment of targeted performance
- Develop Business Performance Scoreboards and train LOB leaders to harness it to catalyze action-based decision-making to accomplish positive financial and operational results
- Establish regular monthly regimen with LOB leaders to analyze periodic results to ensure each line is on track to achieve or exceed actual results versus the annual budget
- Partner with LOB leaders to anticipate obstacles and act quickly to counteract negative outcomes in support of fiscal accountability for their LOB results
- Organize working groups among LOB leaders to respond to budgetary challenges as they arise to stem deviations from the budget
- Identify technology, including AI, and outsourcing to enable the organization to increase productivity and efficiency, ultimately working cost out of its financial processes
15% - IT and Data
- Manage the Data/IT team in technology selection, implementation, customization, data analysis, and management to support the day-to-day productivity of JumpStart.
- Support IT to provide coordinated management of facilities and oversee the development and pricing for contracted IT services to other nonprofits that may be collocated in the same facility.
- Guide the administrative staff on appropriate office management topics and data stewardship.
- Responsible for all software solutions, ensuring appropriate ones are purchased and implemented, aligned with strategic objectives. Participate in all software selection processes across the organization and provide guidance on the process and potential opportunities.
- Oversee JumpStart’s facility operations, ensuring safety and fit for current facilities and leading all changes in office environments and/or locations.
5% - Support for Human Resources
- Support Chief People Officer on all compensation and benefits topics to ensure equitable treatment of team members within the available budget and in alignment with the strategic plan.
- Support and monitor timely and accurate completion of payroll with employee payroll processing and reporting, fringe benefit plans.
Additional Duties and Responsibilities
Serve as a senior management team member and provide insight and counsel on all essential matters to JumpStart's board, the communities we serve, and our team.
Serve as a senior management team member and provide insight and counsel on all essential matters to JumpStart's board, the communities we serve, and our team.
Decision-Making Responsibilities
Wide decision-making responsibility. Is responsible for significant decisions within the area of direct responsibility and serves as a leader to other senior managers in making short and long-term decisions that impact all areas of JumpStart's strategic and operating plans.
Direct Reports
VP, Finance
Sr. Director, Revenue and Compliance
Director, IT and Data Systems
Physical Demands/Working Conditions
Hybrid office demands
Some travel, less than 10%
Typical professional office environment.
Required Qualifications
Education, Training, and Experience
- Multi-faceted business and/or non-profit leader with 15+ years of management experience in multiple areas of operations and 10+ years of professional experience in Strategy, HR, Diversity, Finance/Accounting, and IT.
- A mix of solid business backgrounds, including General Management, Chief Operating Officer, and CEO for a smaller organization or specialization in Finance, IT, HR, or Legal balanced with broader business experience.
- Demonstrated ability to complete projects and generate results/outcomes.
- Ideally, experience managing multiple departments with at least 1-2 levels of direct reports focused on generating effective business results/outcomes.
- Proven strategic and day-to-day influence skills across a complex matrix of stakeholders.
- Advanced degree or equivalent work experience.
- Ability to lead/support change transformation across teams
Knowledge, Skills, Abilities, and Personal Characteristics
- Demonstrated ability to be agile, adaptive and preserve. Comfortable with creating structure out of ambiguity, and the needed to take action without perfect information. Able to both leverage experiences to help in the JumpStart environment and to adjust methods and approaches learned in the past if they are not working as well in the JumpStart environment.
- Significant appetite for learning and demonstrated ability to absorb knowledge and apply it quickly.
- Demonstrated strength in building strong interpersonal relationships with associates in various roles across organizations.
JumpStart's Core Values and Key Cultural Behaviors
Accountability: Act to deliver on commitments and generate results, and if expectations aren't clear, ask
Entrepreneurial: Embrace opportunity, continuous improvement, and change, and contribute to the solution as we evolve
Equity: Committed to corrective action regarding historically underserved and underrepresented populations through entrepreneurship and innovation
Energy: Address our work with focus, grit, and enthusiasm
Collaboration: Collaborate with others to play our most helpful role(s) and to increase the effectiveness
Humility: Balance self-assurance with listening to understand, having an open mind, and demonstrating patience
JumpStart's Operating Style: JumpStart team members are expected to be:
Honest: We speak the truth kindly and considerately. We will challenge you as we seek to accomplish great things. And we hope you will do the same with us.
Responsive: We respond rapidly to your inquiries and actively communicate, so we are all on the same page.
Resourceful: We will be creative and efficient in helping you to access relationships, contacts, and other resources to help you succeed.
Insightful: We will provide the knowledge and insight about entrepreneurship and innovation you aren't able to quickly get from others
This position description is not intended to be a complete list of all responsibilities, duties, or skills required for the job. It is subject to review and change at any time, with or without notice, following the needs of JumpStart. Since no position description can detail all the duties and responsibilities that may be required from time to time in the performance of a job, duties, and responsibilities that may be inherent in a position, reasonably required for its performance, or required due to the changing nature of the job shall also be considered part of the job holder's responsibility.
Reasonable accommodations will be made to enable individuals with disabilities to perform essential functions. JumpStart Inc. is an Equal Opportunity Employer and offers a competitive salary & comprehensive benefits (medical, vision, 401k, paid vacation).
Accountability: Act to deliver on commitments and generate results, and if expectations aren't clear, ask
Entrepreneurial: Embrace opportunity, continuous improvement, and change, and contribute to the solution as we evolve
Equity: Committed to corrective action regarding historically underserved and underrepresented populations through entrepreneurship and innovation
Energy: Address our work with focus, grit, and enthusiasm
Collaboration: Collaborate with others to play our most helpful role(s) and to increase the effectiveness
Humility: Balance self-assurance with listening to understand, having an open mind, and demonstrating patience
JumpStart's Operating Style: JumpStart team members are expected to be:
Honest: We speak the truth kindly and considerately. We will challenge you as we seek to accomplish great things. And we hope you will do the same with us.
Responsive: We respond rapidly to your inquiries and actively communicate, so we are all on the same page.
Resourceful: We will be creative and efficient in helping you to access relationships, contacts, and other resources to help you succeed.
Insightful: We will provide the knowledge and insight about entrepreneurship and innovation you aren't able to quickly get from others
This position description is not intended to be a complete list of all responsibilities, duties, or skills required for the job. It is subject to review and change at any time, with or without notice, following the needs of JumpStart. Since no position description can detail all the duties and responsibilities that may be required from time to time in the performance of a job, duties, and responsibilities that may be inherent in a position, reasonably required for its performance, or required due to the changing nature of the job shall also be considered part of the job holder's responsibility.
Reasonable accommodations will be made to enable individuals with disabilities to perform essential functions. JumpStart Inc. is an Equal Opportunity Employer and offers a competitive salary & comprehensive benefits (medical, vision, 401k, paid vacation).
