Job Openings

Chief Financial Officer
Posted: July 1, 2010
Closing: Position to remain open until filled.
No phone inquiries.
Resume and cover letter addressed to “Interview Committee” to be sent to angela@nmcf.org.

Summary

The Chief Financial Officer (the “CFO”) supports New Mexico Community Foundation’s (“NMCF”) mission by managing NMCF’s treasury, financial management, and accounting functions. As a member of senior management, the CFO participates in setting broad organizational goals, objectives and policies which are approved by the NMCF President and Board of Directors. He or she will be responsible for accurate and timely accounting and financial reporting (internal and external) for the Foundation, as well as establishing and maintaining a strong system of internal controls. He or she will assist in the development and maintenance of appropriate accounting policies and procedures that follow what is considered “best practices” for non-profits and community foundations. In addition, he or she will continuously monitor for consistent compliance of accounting policies with professional accounting standards and practices. He or she will perform monthly financial analysis to explain results and other analyses as requested by the President or the Board of Directors.

This position reports to the President of the Foundation. This position also provides technical and managerial support to the Foundation’s leadership in the areas of financial and strategic planning, development and programs. Tasks will also include providing financial advice and counsel to the development and program teams by using program cost/revenue analysis. The organization is looking for a collaborative leader with excellent interpersonal skills. This position is located in Santa Fe, New Mexico.

Primary Responsibilities:

• Development and maintenance of financial management policies and procedures that align the Finance/Accounting function with the Foundation’s mission and apply all applicable accounting standards which will result in NMCF being in compliance with recognized “best practices” with respect to its financial accounting for non-profits.

• Preparation of monthly financial statements and analysis to explain results and other analysis as requested by the President or Board of Directors as well as establishing and maintaining a strong system of internal controls.

• Analyze financial statements to ensure adherence to accounting rules and standards in the reporting of financial results; monitor financial management practices of the Foundation and prevent deviations from accounting standards; and review financial statements for the Foundation.

• Coordinate the preparation of the operating and capital budgets and long-range financial plans for the Foundation; establish targets; provide communications to board and staff; develop appropriate budget schedules; submit completed budgets and long-range plans which meet or exceed the expectations of the Foundation leadership in a timely and accurate manner.

• Prepare various analyses that identify opportunities to improve operations, early detection of problem trends, and/or explain financial results and accounting and financial reporting issues. Respond in a timely fashion to analysis and reporting requests from Foundation leadership.

• Monitor expense management targets for the Foundation in alignment with approved budgets.

• Coordinate the annual audit process for the Foundation.

• Supervise the Gift Processing, Accounting, Financial Reporting and Accounts Payable functions.

• Manage the finance department staff to enable the achievement of the Foundation goals in a manner that is consistent with the mission of the Foundation. Responsible for applicable training and continuing education of staff and the systematic monitoring and evaluation of their performance.

• Assist in solving problems and making daily decisions relative to business operations.

• Implement, maintain, interpret and contribute to the development of policies and procedures regarding programs and projects of the Foundation.

• Keep abreast of financial trends in the development field and the foundation industry through continuing education and/or affiliation with professional development groups.

• Prepares the assembly of data and financial information for the IRS 990 Information Return.

• Coordinate the investment functions of NMCF by working with the Investment Committee of the Board to ensure compliance with Board approved investment policies in an effort to maintain an excellent reputation for NMCF in the financial and advised funds marketplace.

• Coordination and preparation of timely investment reports to donors which provide pertinent information about the performance of their investments with NMCF.

• Coordination and preparation of key financial reports for the Board finance and investment committee meetings. Work directly with each committee to ensure they have the appropriate internal support when needed.

• Participate in NMCF’s annual planning for information systems and support Foundation-wide activities to improve the quality, content, presentation and timeliness of reported information.

• Participate in long-range and annual development (fundraising) planning.

• Provide policies, standards and guidelines for budgets in grant applications and help to provide support for financial reports to grantors.

• Assist in review of annual performance against budgets and recommends corrective action.

• Other duties as assigned.

Operational Competency Statements

• Understands and uses sophisticated accounting systems.
• Understands the operational factors that influence accounting decisions within the non-profit sector.
• Analyzes financial information using appropriate software applications.
• Quickly designs and prepares accurate financial analyses as needed.
• Effectively communicates financial information to a non-financial audience.
• Utilizes a pro-active approach in the discharge of all responsibilities.

Reporting/Contact Relationships:

• Reports to: President / CEO of the Foundation
• Supervises: Finance department
• Contacts: other foundation leadership; governing board; President/CEO; development staff; general public including major donors; political and community leaders; Internal Revenue Service; outside auditors and state tax departments.

QUALIFICATIONS:

• Bachelor’s degree or equivalent; master’s degree (in accounting or public administration) highly preferred
• Certified Public Accountant required
• More than five years of Operational Finance experience
• More than five years in a Director/Management level role
• Experience with Blackbaud financial systems and Financial Edge helpful
• Requires superior oral and written communication skills, the highest level of financial and analytical skills and an extensive knowledge of financial policies, practices and systems
• A high level of skill using Excel or comparable spreadsheet software and file transfer protocols
• Requires excellent organizational and managerial skills; ability to provide guidance to others.
• Ability to exercise good judgment and take initiative with broadly defined guidelines and complex procedures.
• Ability to work on complex assignments where analysis of data requires evaluation of identifiable factors.
• Familiarity with various types of charitable trust structures and the appropriate accounting reporting required is strongly preferred.