Chief Financial Officer - Minneapolis, MN, United States - Minnesota Council of Nonprofits

Description

Ballinger | Leafblad is pleased to conduct the search for a Chief Financial Officer at Ronald McDonald House Charities, Upper Midwest.

ORGANIZATIONAL OVERVIEW
Ronald McDonald House Charities, Upper Midwest (RMHC-UM) is an independent 501c3 nonprofit with an annual operating budget of nearly $10M and a growing endowment of nearly $20M. Founded in 1979, RMHCUM offers complimentary lodging, meals, essential supplies and supportive programs and services to families with children who are seriously ill or injured and need to travel for medical care.

RMHC-UM is a local Chapter of Ronald McDonald House Charities, which itself is an independent nonprofit organization that operates 260+ RMHC Chapters in 26 regions across the globe. McDonald's is the charity's first corporate partner and advocate, earning the designation: "founding and forever partner."

Mission
Ronald McDonald House Charities, Upper Midwest, in partnership with its community, provides a comfortable and caring home-away-from-home that supports keeping families together and reduces stress during a child's serious illness or injury. The needs of families dealing with a child who is sick go far beyond medical care. By fulfilling those needs, parents are strengthened to care for and support their child's medical team.

RMHC-UM has 38 full-time staff and 28 part-time staff who provide essential services that remove barriers, strengthen families and promote healing when children need healthcare.

RMHC-UM operates programs in five locations in Minnesota---four in the Twin Cities and one in Duluth, and provides complimentary lodging, meals and support to thousands of families every year.

Learn more at

POSITION PROFILE
CHIEF FINANCIAL OFFICER
Ronald McDonald House Charities, Upper Midwest (RMHC-UM) seeks a Chief Financial Officer (CFO) to develop and oversee its financial systems and strategies and support its future growth. This position is open due to an upcoming retirement. The CFO is a strategic thought partner and advisor to the President/CEO and other members of the senior leadership team, whose work collaboratively contributes to the organization's overall financial health. The CFO has a substantial impact on both the day-to-day operations and the long-term strategic direction of RMHC-UM, providing financial analysis, short- and long-term planning, operational effectiveness and nonprofit sector expertise to strengthen its financial position. With a finance team of three, the CFO must also be able to roll-up their sleeves and dive into the details when needed.

The CFO is a highly-visible leader who will model the organization's values and champion its culture. The ideal candidate is a mission-driven, engaged and approachable leader who values teamwork and embraces opportunities to share knowledge. Additionally, the successful CFO candidate has a track record of effectively communicating complex financial information to a variety of audiences including board members, funders, donors, partners, staff, etc. Qualified candidates must have nonprofit finance and accounting experience and be versatile contributors at both the strategic and hands-on levels.

MANAGEMENT RESPONSIBILITIES
The CFO reports to the President and CEO and is a member of a four-person senior leadership team. Direct reports to the CFO are Staff Accountant, Database Manager and Data Entry Coordinator.

ESSENTIAL RESPONSIBILITIES

Strategy and Planning

• Lead the development of appropriate annual, mid-term, and long-term financial objectives and plans that align with the organization's strategic direction.

• Support the annual financial planning and budgeting process through training and mentorship, assist department managers in budget preparation and ensure there is flexibility in the process to accommodate unexpected monetary and/or in-kind donations.

• Provide counsel, analytical reports and tools to enable Board, Finance Committee and senior management to understand costs and tradeoffs of financial decisions.

• Oversee budgeting for special projects such as major capital improvements, property acquisition, new construction, etc. and the financial strategies regarding funding sought.

Finance and Accounting

• Oversee the financial and accounting operations of the organization, including cash management, accounts payable, expense reimbursements, accounts receivable and collections, fixed asset and investments accounting.

• Prepare or oversee monthly, quarterly and annual financial statements as well as regular account reconciliations.

• Prepare or oversee reports for grants, projects and functional areas as needed.

• Ensure preparation of the annual financial report and audit schedules in compliance with nonprofit GAAP. Oversee annual audit and other audit activities as applicable.

• Maintain internal reporting system and account structure to ensure proper disclosure and accountability for all financial activities.

• Monitor financial activities at all levels to ensure due diligence and compliance with fiscal and grantor policies and Board-approved budget.

• Oversee management of financial systems and software (currently using Blackbaud), and ensure that accounting, reporting and control requirements are met in auxiliary systems used for financial reporting purposes.

• Monitor financial activities and details to ensure that legal and compliance requirements are met.

• Oversee the required reporting related to taxes, compliance and risk management.

Board and Committees

• Serve as the primary liaison to the Finance and Investment Committees. Prepare background materials, provide regular updates and maintain effective working relationships with Committee Chairs.

• Present regular updates to board on financial issues. Ensure committees and board members are provided information and engaged in appropriate decision-making aligned with RMHC-UM's bylaws, compliance requirements and charitable organization best practices.

• In conjunction with the Investment Committee, oversee the administration and investment of RMHC-UM's endowment.

Department Leadership

• Hire, train, coach and develop a high-performing finance team.

• Foster an inclusive and supportive department culture.

• Assess internal department operations, identify and implement improvements to systems and processes.

QUALIFICATIONS

Required:

• Undergraduate degree in finance, accounting, or business administration or equivalent professional experience

• 10+ years of experience in nonprofit accounting and finance, including:

o 5+ years of technical accounting experience

o 5+ years overseeing a department and managing staff

o Monitoring and managing monetary and non-monetary charitable donations, oversight of institutional investments, strategic and financial planning, budgeting, reporting, compliance and risk management

• Exceptional people leadership, communication and change management skills.

Desired:

• Graduate degree or MBA in Finance or Accounting.

• CPA and/or other finance or accounting professional designation preferred.

• Experience with Blackbaud or similar accounting system.

• Self-sufficient / proficient using and maintaining financial systems and integrating financial data from auxiliary systems such as Raiser's Edge.

KNOWLEDGE, SKILLS AND ABILITIES

• A self-starter who thrives in a dynamic business environment, embraces RMHC-UM's mission and models its values.

• A forward-thinking leader with strong quantitative, qualitative and analytical skills, who is energized by exploring growth opportunities.

• An approachable, authentic leadership style with exemplary personal and professional ethics, honesty, integrity and objectivity.

• Outstanding communication skills including written, verbal and presentations.

• Ability to effectively and transparently convey complex financial information to a wide range of audiences.

• Ability to thrive in a work environment that supports the needs of families with children who are seriously ill or injured and receiving medical treatment far away from home. This is a fast-paced, service-oriented work environment where empathy, compassion and agility are important qualities for every position from the CEO to staff members to volunteers.

• Comfortable having casual interactions with parents, siblings and outpatients, as administrative offices are located in a building that adjoins the RMH's Oak Street facility and staff utilize the shared kitchen and dining areas.

• Proven ability to lead, inspire, and develop an inclusive, high-functioning team culture.

• Exceptional interpersonal skills with high emotional intelligence, cultural competency, and the ability to build trusted relationships throughout the organization and with external stakeholders including donors, sponsors, partners and clients.

COMPENSATION AND BENEFITS
Annual compensation for this position is $140,000 - $155,000 depending on qualifications and experience. RMHC-UM offers a comprehensive benefits plan including medical, dental, vision, health- and dependent care savings plans, 403b with employer contributions, bonus opportunity, generous paid time off, flexibility for family, free RMHC-UM wearables, casual work environment and more.

EQUAL OPPORTUNITY EMPLOYER STATEMENT
Ronald McDonald House Charities, Upper Midwest is an equal opportunity employer and at will employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law. RMHC-UM takes affirmative action to ensure that employees are treated during employment without regard to any of these characteristics.

VIEW COMPLETE PROFILE

TO APPLY

Please send a cover letter and resume to Jen Hanlon Ash:

Applications will be accepted until May 31, 2024.

There will be an immediate and ongoing review of candidates, so we encourage and appreciate early applications. All inquiries will remain confidential.