Chief Financial Officer - Nonprofit Economic Development
Chief Financial Officer - Nonprofit Economic Development
Posted yesterday
SENIORITY
Director
About the role
- Act as CFO for assigned nonprofit clients, serving as the primary financial leader and trusted advisor to executive teams and boards.
- Provide strategic financial planning, guidance, and insights to support organizational growth, sustainability, and mission alignment.
- Provide executive oversight of complex economic development financing structures, including New Markets Tax Credits (NMTC), tax credit transactions, public‑private financing arrangements, grants, loans, and other community development investment vehicles.
- Lead preparation and delivery of monthly/quarterly financial reports, including analysis of financial statements, budgets, forecasts, and cash flow.
- Present financial results and recommendations to executive leadership, finance committees, and boards of directors.
- Oversee compliance with nonprofit accounting standards (GAAP/ASC 958), federal cost principles, and funding regulations, including 2 CFR 200 Uniform Guidance and state‑level requirements
- Partner with client leadership to develop annual budgets, multi‑year forecasts, and scenario planning models.
- Assess financial risks and recommend mitigation strategies, including liquidity management, reserves planning, and investment policies.
- Lead and oversee annual audits, single audits, and grantor reviews, ensuring accurate, timely, and compliant submissions.
- Evaluate and recommend process improvements, internal controls, and technology solutions to enhance client efficiency.
- Provide advisory on technical accounting matters including ASC updates, allocation methodologies, and indirect cost rates.
- Build and sustain collaborative relationships with client executives, boards, funders, and other key stakeholders.
- Oversee finance and accounting teams (controllers, managers, analysts) assigned to client engagements.
- Ensure accuracy, timeliness, and quality of team deliverables in line with client contracts and service expectations.
- Provide mentoring, coaching, and career development support to direct reports.
- Manage staff performance, workload balance, and adherence to professional standards.
- Bachelor’s degree in accounting, finance, or business with an accounting/finance focus
- Minimum of 10years of experience in accounting and finance, including prior experience as a CFO or equivalent senior executive role
- Experience working with Not-For-Profit organizations. Experience with social justice organizations preferred but not required.
- Versed in federal, city, and state grant administration, including compliance, budgeting, and allocation
- Proven success providing consulting services to multiple clients at once
- Demonstrated people management experience and success leading a team of direct reports, with a focus on coaching and developing others
- Ability to manage multiple priorities and functions in a fast‑paced environment
- Excellent interpersonal and communication skills
- Advanced knowledge of industry‑specific accounting software and advanced Excel skills
- Deep understanding of accounting principles and processes
- Experienced in creating processes to improve efficiencies
- Strong business acumen and excellent analytical and problem‑solving skills
- Demonstrated success working collaboratively and building relationships with key stakeholders and C‑level executives
- PreferredMaster’s degree (MBA, MPA) or CPA designation
- Experience working with Economic Development nonprofit organizations.
- Prior experience with New Markets Tax Credits (NMTC).Experience in a consulting or business process outsourcing (BPO) environment
- Proven success leading both in‑person and decentralized/virtual teams
- About ContinuServe
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