Foundation List is dedicated to supporting the nonprofit sector by providing a platform for job postings, resources, and information to help organizations thrive. As part of our commitment to serving the nonprofit community, we have developed a sample Chief Financial Officer (CFO) job description template that we hope will be a valuable resource for nonprofits looking to improve their job descriptions and recruiting strategies. We understand the importance of attracting top talent to support the financial health and sustainability of nonprofit organizations, and we hope that this template will assist in that effort.
Job Title: Nonprofit CFO (Chief Financial Officer)
Location: [Insert Location]
Job Type: Full-time
Reports to: Executive Director/CEO
Job Overview: The Nonprofit CFO (Chief Financial Officer) is responsible for managing the financial operations of the organization, ensuring the organization’s financial health and sustainability. This role will oversee all financial reporting, budgeting, forecasting, financial analysis, and compliance requirements. The Nonprofit CFO will work closely with the Executive Director and Board of Directors to develop and implement financial strategies that support the organization’s mission and goals.
Key Responsibilities:
Financial Management
- Develop and implement financial strategies that support the organization’s mission and goals
- Manage and oversee all financial operations, including accounting, budgeting, forecasting, and financial analysis
- Ensure the accuracy and completeness of financial records, including the general ledger, accounts payable and receivable, payroll, and other financial systems
- Prepare and present financial reports to the Executive Director and Board of Directors, providing analysis and recommendations as needed
- Ensure compliance with all financial reporting and regulatory requirements, including tax filings, audits, and other reporting requirements
- Manage relationships with external partners, including banks, auditors, and other financial service providers
Budgeting and Forecasting
- Develop and oversee the annual budgeting process, working closely with program managers and other stakeholders to develop realistic and achievable budgets
- Monitor actual performance against budget and provide regular updates and analysis to the Executive Director and Board of Directors
- Develop and maintain financial forecasting models that support long-term financial planning and decision-making
Strategic Planning and Leadership
- Work closely with the Executive Director and senior leaders to develop and implement strategic plans and goals that support the organization’s mission and vision
- Lead the Finance Committee, collaborating with other committee members to provide strategic financial guidance and support to the organization
- Provide leadership and mentorship to the finance team, fostering a culture of continuous improvement and professional development
- Collaborate with other senior leaders to develop and implement strategies that support the organization’s mission and goals
Board Relations and Reporting
- Report on the financial performance of the organization to the Board of Directors, including regular updates on budget performance, forecasts, and financial risks and opportunities
- Collaborate with the Executive Director and Board of Directors to develop and implement financial policies and procedures that align with the organization’s values and strategic goals
- Represent the organization at internal and external events and meetings, providing financial guidance and support as needed
Tax Filing and Compliance
- Oversee all tax filings and compliance requirements, ensuring that the organization is in compliance with all relevant laws and regulations
- Manage relationships with external auditors and other financial service providers to ensure compliance with all reporting and regulatory requirements
Qualifications:
- Bachelor’s degree in Accounting, Finance, or related field; MBA or CPA strongly preferred
- At least 10 years of progressively responsible experience in financial management, with at least 5 years in a nonprofit organization
- Proven track record of successful financial management, including experience developing and implementing financial strategies, managing budgets, and overseeing financial reporting and compliance
- Strong leadership and management skills, with experience building and leading high-performing teams
- Excellent analytical, problem-solving, and decision-making skills
- Strong communication and interpersonal skills, with the ability to communicate financial information to non-financial stakeholders
- Passion for the mission and work of the organization
- Passionate interest in mentoring others and working as a team
To apply, please submit your resume, cover letter, and salary expectations to [insert contact information].