Chief Financial Officer

4 weeks ago

Washington, Washington, D.C., United States NMSDC Full time

Position Overview:

NMSDC is seeking a seasoned Chief Financial Officer to spearhead the organization's financial strategy, management, and modernization efforts. The CFO will play a pivotal role in ensuring the financial sustainability of NMSDC and its network while modernizing financial management systems, enhancing internal controls, and driving operational efficiencies.

Key Responsibilities:

  • Strategic Financial Leadership: Collaborate with the President & CEO, and leadership team to establish financial policies and strategies aligned with NMSDC's goals and mission.
  • Budget and Cash Flow Management: Lead the development and management of NMSDC's annual budget, ensuring a balanced budget aligned with strategic priorities and organizational goals.
  • Revenue Management & Distribution: Oversee the timely receipt and accurate tracking of all revenue, including corporate dues, ensuring that funds are appropriately allocated to support the organization's mission.
  • Stewardship of Reserve Investments: Oversee the management of NMSDC's reserve investments, balancing the preservation of capital with strategic growth of the fund.
  • Modernization of Financial Operations: Spearhead the modernization of NMSDC's financial systems, recommending and implementing automated accounting and budgeting systems for improved financial processing and reporting.
  • Financial Reporting & Accountability: Oversee the preparation of all financial reports, ensuring accuracy, compliance with generally accepted accounting principles (GAAP), and timely submission.
  • Team Leadership & Development: Provide leadership and oversight to the finance team, ensuring the development of their skills and fostering a collaborative, high-performing team environment.
  • Risk Management & Compliance: Ensure NMSDC has adequate liability and property insurance coverage and manages relationships with insurers.

Qualifications & Experience:

  • Bachelor's degree in finance, accounting, or a related field (Master's or CPA preferred).
  • Minimum of 10 years of financial management experience, with at least 7+ years in nonprofit or mission-driven organizations.
  • Expertise in managing financial systems, budgeting, and forecasting, with a strong background in modernizing financial technology and processes.
  • Strong data analytics and data management capabilities.
  • Strong knowledge of federal, state, and local tax regulations, as well as nonprofit financial management.
  • Experience in overseeing corporate dues, revenue tracking, and effective fund distribution.
  • Demonstrated ability to lead a finance team, manage audits, and ensure regulatory compliance.
  • Excellent communication skills with the ability to present complex financial data to the board and non-financial stakeholders.

Core Value Competencies:

  • Creative Problem Solving: We institute creative problem-solving techniques to ensure every perspective and option has been considered before moving forward with a solution and to drive excellence.
  • Thoughtful Collaboration: We believe in thoughtful collaboration, understanding that every action we take, either solo or as a collective, impacts the rest of the NMSDC team and the NMSDC Network.
  • Adaptable: As we ask our MBEs to adapt to the ever-changing economic landscape, we too must remain adaptable to ensure we meet the needs of our stakeholders at every turn.
  • Future Focused: To grow and connect MBEs, we must be future-focused, not only understanding the landscape of today, but where that landscape may shift in another 5, 10 years.
  • Resilient: As DEI attacks get closer and closer to the work that NMSDC performs, we must remain steadfast and resilient to ensure we can continue to support MBEs when and where they need us.

NMSDC is a mission-driven organization where your financial expertise will directly support the growth and success of minority business enterprises across the nation. As CFO, you will play a pivotal role in ensuring the financial stability and scalability of the organization's initiatives.

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