Chief Financial Officer

2 weeks ago

Saint Paul, Minnesota, United States Nexus Community Partners Full time
Job Overview

Organization Background
Nexus Community Partners is a dynamic intermediary focused on community development, dedicated to empowering communities of color through innovative initiatives and the enhancement of social and human capital. Our mission is to combat the isolation faced by these communities due to systemic racism by fostering an engagement model centered on equity, nurturing leadership, democratizing wealth, and valuing culture as a critical asset.

Role Summary
We are in search of a visionary and strategic leader to oversee the financial and accounting operations of our expanding organization, which manages a $6 million operating budget alongside over $5 million in annual grants to community initiatives. This role reports directly to the President & CEO and collaborates closely with organizational leadership to steer financial management, accounting practices, and budgeting strategies. The VP of Finance & CFO will initially work with a skilled outsourced accounting team and will have the opportunity to evaluate and structure the accounting function effectively, as well as to build a dedicated team in collaboration with Nexus leadership. The VP of Finance & CFO will exemplify and advocate for equity and accountability within financial operations while ensuring the organization’s financial robustness, adaptability, and sustainability. Building strong relationships with staff and serving as a liaison for external stakeholders will also be key responsibilities.

Work Environment
This position requires a hybrid work arrangement, with 50% of scheduled hours to be completed in the office.

Key Responsibilities

  • Organizational Leadership and Financial Strategy (20%)
    • Contribute as a key member of the leadership team, offering insights and taking initiative on organizational challenges.
    • Collaborate with the President/CEO and senior leadership to ensure the organization’s financial well-being, aligning financial strategies with our mission.
    • Work with the leadership team and board to establish and implement financial policies that reflect our values and strategic objectives.
    • Act as a financial advisor to organizational leaders, providing analysis and monitoring to identify trends and enhance financial and program effectiveness.
    • Foster and maintain strong relationships with staff, board members, and external stakeholders, including funders and collaborators.
    • Oversee the investment portfolio, maintaining regular communication with investment advisors and reporting to committees and the board.
  • Budgeting and Forecasting (20%)
    • Lead the annual budgeting process in collaboration with senior leadership and program managers to set realistic financial goals.
    • Encourage staff participation in budgeting best practices and the budgeting process.
    • Monitor actual performance against budget and provide regular updates to leadership and the board.
    • Develop and maintain financial forecasts to support long-term planning and decision-making.
  • Accounting Management (20%)
    • Recruit, train, and oversee accounting personnel.
    • Direct the month-end closing process.
    • Coordinate monthly cost allocation processes for accurate program cost accounting.
    • Manage relationships with banks, auditors, and other key financial partners.
    • Establish and uphold a robust set of internal controls and effective accounting practices.
  • Financial Reporting and Analysis (20%)
    • Present the organization’s financial performance to the treasurer, finance committee, and board through regular reports and updates.
    • Disseminate financial information to staff, leadership, and external stakeholders.
    • Provide analysis of cash flow, revenue, and expenses to address inquiries regarding organizational performance.
  • Grant Management (10%)
    • Collaborate with the director of philanthropic partnerships to oversee the receipt and accounting of contributed support.
    • Ensure compliance with grant and contract requirements while maintaining accurate records.
  • Audit and Compliance (10%)
    • Manage relationships with external auditors to ensure compliance with reporting and regulatory standards.
    • Oversee preparation for the annual audit conducted by an independent CPA firm.
    • Ensure timely completion and submission of all tax filings and required reports.

Qualifications
The ideal candidate will possess a combination of the following experiences and education:

  • 7+ years of progressively responsible experience in managing accounting functions and financial leadership.
  • 5+ years of technical proficiency in nonprofit and business accounting.
  • Demonstrated success in financial leadership, strategic planning, and budget development.
  • Ability to simplify complex accounting principles for diverse audiences.
  • Experience in coordinating audit activities and managing financial reporting.
  • Proficiency with advanced accounting software and applications.
  • Collaborative mindset with a capacity for cross-cultural engagement.
  • Strong communication skills with the ability to engage effectively with various stakeholders.
  • Commitment to promoting racial, social, and economic equity.
  • Self-motivated and capable of managing multiple projects while maintaining high-quality work.

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