Chief Financial Officer

POSITION SUMMARY

The Community Foundation is seeking a strategic, proactive and experienced Chief Financial Officer (CFO) to lead the Finance function, as well as certain areas of the Operations function, at the Foundation. Reporting to the President/CEO, the CFO is a member of the senior leadership team and a key advisor to the President/CEO. As such, the CFO plays a critical role in setting strategic priorities and driving organizational capacity-building decisions to continue to position the Community Foundation for growth and long-term community change.

The CFO supports the Community Foundation in the following areas:

      • Finance Function – Strategic Financial Management, Accounting, Investment/Asset Management, and Business Analytics

        Operations Function – Policies and Procedures, Enterprise Risk Management, IT/Technology, Business Process Management and Improvement, and Facilities Management.

    It is expected that the annual distribution of work would be in the range of 70% Finance and 30% Operations/Management.

    KEY RESPONSIBILITIES

    Finance

            • Strategic Financial Management: Working in conjunction with the Finance Committee of the Board, the CFO leads strategic decision making to determine how the Community Foundation can best leverage its current resources, engage in financial forecasting, and identify and obtain the resources that will be needed for the Community Foundation to fully meet its strategic priorities and mission:
              • Effectively use financial modeling, scenario planning, and business analytics for decision making and clarification of business models as well as to prioritize internal organizational needs and investments
              • Continually evaluate growth strategy (planned institutional growth, asset growth, and talent implications) and evaluate potential new revenue sources and the impact they will have on operations; conduct analytics related to pricing services and products
              • Assist in monitoring and evaluating the Foundation’s investment in its various leadership initiatives
            • Investment/Asset Management: Manages the implementation of the Foundation’s Investment Policy to maximize charitable assets for the benefit of the Foundation’s clients/donors and the community as a whole:
              • Works with external investment consultant to execute decisions made by the Investment Committee to manage the Foundation’s $600+ million investment portfolio
              • Ensures appropriate internal controls are in place, including reporting and valuation of investments
              • Assists with the due diligence, implementation and monitoring of the Foundation’s programmatic and mission-related investments, including impact investing
            • Accounting: Partnering with the VP of Finance, the CFO directs the accounting operations and provides fiduciary oversight of the Foundation’s assets and ensures that the following areas are successful:
              • Budget cycles that support strategy
              • Annual audit process and external financial reporting
              • Projection of organizational cash flow that will support the operational and strategic requirements of the Foundation
              • Financial management and reporting systems
              • Financial best practices are implemented and documented

    Operations

    The CFO directly supervises the Director of Administrative Operations and supports them in the successful delivery of services with the following main objectives:

            • Manages the administrative, operations and facilities functions to ensure efficient and consistent operations as the organization grows; builds internal project management structure and capacity
            • Process Improvement: Leads or participates in initiatives or activities that evaluate and improve the quality, productivity, and response time of the Foundation’s core business processes (Gifts, Grants, External Grants awarded to the Foundation and Contracting) by removing non-value adding activities and costs
            • Development and monitoring of operating policies and procedures, including written documentation and training of team members, using a racial equity lens.
            • Manages ongoing risk to maintain optimum risk-return trade-off (includes legal/compliance, insurance, contracting, internal audit, risk assessment, data security, disaster recovery and planning); leading the work to determine risks and expected returns for optimal mission-aligned usage of resources
            • Management of the Foundation’s facilities
            • Evaluates and plans for the impact of significant growth by developing, implementing and monitoring an ongoing 3 to 5-year Operations Team plan that will support the current and future activities of the Foundation in a proactive manner
            • Works with the IT consultants, technology providers and Foundation team members to proactively research, implement and regularly review technology solutions that increase productivity and accomplish organizational needs and objectives in an efficient and effective This includes ensuring the integrity of data used and maintained by the Foundation’s various information systems

    Additionally, the CFO assists the Chief of Staff in working with the external Professional Employment Organization in areas of regulatory compliance, employee manual review and revision, policy changes, benefits program review and selection, education of Team Members on benefits programs, completion and submission of employment and benefit plan documents.

    MANAGEMENT RESPONSIBILITIES

    The following positions report directly to the CFO:

            • Finance: The Vice President of Finance (with an additional four accounting positions in that function, but not directly reporting)
            • Operations: The Director of Administrative Operations and the Foundation Counsel (with an additional two positions in that function, but not directly reporting)

    TRAVEL

    Generally, travel is primarily within the eight counties of Western New York. Some domestic travel may be required for job training and professional development.

    TECHNICAL EXPERTISE/EXPERIENCE AND QUALIFICATIONS

    Professional and Educational Experience:

            • B.A., C.P.A. or related degree
            • At least 15 years of overall professional experience; ideally 10 years of broad financial and operations management experience related to and described in the “Key Responsibilities” section
            • Experience in leading and supporting organizational change efforts
            • Successful professional experience in leading, managing and supervising diverse teams and interacting with boards of directors
            • Demonstrated success in designing and sustaining management and operational plans to advance long term goals through annual workplans.
            • Experience in communicating in a persuasive, credible manner, in person, in digital settings, and in writing and presentations
            • Strong analytical and evaluative skills
            • Computer proficiency in all Microsoft components
            • Demonstrates consistent quality and commitment to excellence
            • A hands-on collaborator who takes pride in team accomplishments and is flexible to fill any gaps needed to achieve the goals of the Foundation

    Financial Management Expertise:

            • Experienced with having final responsibility for the quality and content of all financial data, as well as reporting and audit coordination, for either a division or significant program area; having the ability to translate financial concepts for, and effectively collaborate with, individuals who do not necessarily have backgrounds in finance
            • Holds a deep understanding of, and the ability to communicate about, investment strategy
            • In-depth knowledge of and experience with financial systems and financial planning/forecasting methods and tools (modeling, cost/benefit analysis, investment)

    Operations Management Expertise:

            • Maintains core knowledge of organizational design protocols
            • Is technology savvy with the ability to leverage IT systems to meet the needs of the organization; has experience selecting and managing software installations and managing relationships with software vendors; with knowledge of accounting and reporting software
            • Understanding and practice in Enterprise Risk Management (ERM) processes and systems

     

    ABOUT THE COMMUNITY FOUNDATION:

    For more than a century, the Community Foundation for Greater Buffalo has enhanced and encouraged long- term philanthropy in the Western New York community. A 501 (c)(3) organization, the Community Foundation’s mission is: Connecting people, ideas and resources to improve lives in Western New York. Established in 1919, the Community Foundation has made the most of the generosity of individuals, families, foundations and organizations who entrust charitable assets to the Community Foundation’s care. Learn more at: cfgb.org

    APPLICATION PROCEDURE:

    Community foundations are designed to grow and evolve as our community’s needs change, and new positions are regularly created as a result. As the Community Foundation for Greater Buffalo continues to grow, we are looking for talented people who want to use their abilities to make a lasting difference. If that is you, then please send a cover letter and resume explaining your interest in this position and what you would bring to the Community Foundation for Greater Buffalo.

    Send cover letter and resume as a single Word or PDF document via email to: Jobs@CFGB.org

    Please submit responses electronically via email. Responses may also be received by U.S. Postal Service if an electronic medium is not available. No calls please.

     

    Application deadline: Open until filled.

    We thank all candidates for their interest; however, only those selected for an interview will be contacted. The Community Foundation for Greater Buffalo is an equal opportunity employer that values diversity, practices inclusion and works to advance equity.