cfo - Detroit, United States - United Way for Southeastern Michigan

Description

The Company

About United Way for Southeastern Michigan

United Way for Southeastern Michigan (UWSEM) is a catalyst for change. As one of the leading nonprofits in the state of Michigan and the Greater Detroit area, UWSEM works on integrative solutions to solve some of the region's toughest challenges. Located in downtown Detroit, UWSEM draws distinguished campaign partners from among the auto, manufacturing, technology, financial and professional services sectors.

For additional information regarding the United Way for Southeastern Michigan, please visit

Purpose of the Position

The Chief Financial Officer (CFO) is a senior executive responsible for the financial activities of the organization, directing the preparation of financial reports and summaries, and forecasting future results. It works collaboratively with the executive team to create and implement business initiatives in a financially responsible manner. The CFO effectively balances strategic responsibilities with the tactical day-to-day and demonstrates a sense of urgency to ensure support functions do not impede operational results.

The CFO works closely with other senior executives including the Chief Executive Officer (CEO), Chief Development, Diversity, and Engagement Officer, and the Chief Operating Officer and Executive Vice President. This organizational leader will partner with the Audit, Finance, and Investment Sub-Committees, sit on the CEO's Cabinet, and lend their knowledge, insights, and strategic thinking to high-level organizational discussions/decisions.

Key Responsibilities

Specific duties and responsibilities of the role include, but are not limited to, the following:

Executive Leadership

• Oversee the performance, development, and engagement of the Finance team with a focus on delivering exceptional customer service and internal capacity building.
• Effectively communicate financial reports to the Board of Directors, Audit, Finance and Investment Sub-Committees and senior leadership team.
• Partner closely with Information Technology and Fund Development teams to modernize the tools, processes, practices, and digital infrastructure to manage organizational resources and deliver exceptional customer service.
• Support leadership in strategic and operational initiatives to ensure infrastructures adequately support the organization's needs.
•  Evaluate and implement financial aspects of new business/program opportunities.
•  Represent the organization to financial partners, including financial institutions, funders, auditors, public officials, etc.
• Lead, direct, and supervise assigned team members including recruitment of key team members, developing, and coaching team members to create a motivated, high-performing team that can reach the strategic goals and objectives of UWSEM.

Accounting and Finance Management

• Oversee all areas of financial management for the timely and accurate monitoring of expenditures, procurement, internal/external cash flow, payments to vendors, billing, and all other areas in keeping with the highest standards; maintain custody of all monies and assets of UWSEM and oversee the receipt/disbursement of all funds.
• Directs the preparation of all financial statements, including income statements, balance sheets, shareholder reports, tax returns, and governmental agency reports, and assure consistency and accuracy with Statement of Grant Awards, budgets, and contracts entered by UWSEM.
• Compares budget projections to actual figures and makes or oversees any necessary adjustments to future projections and budgets.
• Studies long-range economic trends and projects their impact on the future results of the organization. Ensure constant financial analysis, conducting forecasting and risk analysis, to support effective decision-making and the provision of strategic recommendations.
• Oversee all areas of financial management for the timely and accurate monitoring of expenditures, procurement, internal/external cash flow, payments to vendors, billing, and all other areas in keeping with the highest standards.
• Manage cash flow planning, investments, asset management, financing strategies and activities, banking relationships, and ensure availability of funds as needed.
• Ensure that financial compliance issues/concerns within the organization are being appropriately evaluated, investigated, and resolved, including the development of strategic controls, processes, and procedures.

The Candidate

Experience and Professional Qualifications

United Way for Southeastern Michigan seeks a highly skilled and experienced Chief Financial Officer (CFO) to join the organization as a critical member of the senior leadership team.

The ideal candidate will have experience and qualifications in line with the below:

• Ten or more years of experience in financial management with increasing levels of responsibility. Prior experience serving in the role of Chief Financial Officer (or equivalent) is highly preferred.
• Experience in organizations with comparable size, scope, and financial complexity. Non-profit experience with organizations impacted by fundraising and grant accounting is a plus.
• Demonstrated financial and accounting acumen, including budgeting, financial analysis, reporting, compliance, and negotiation skills.
• Progressively responsible track record of demonstrated successes supporting a diverse workforce modeling key behaviors in diversity, equity, and inclusion initiatives.
• Demonstrated experience in process improvement and technological innovation within the finance function.
• Superior presentation and interpersonal skills are essential; this includes the capacity to effectively translate complex technical language and issues into terms that are easily understood and actionable, and the ability to build effective relationships with corporate officers, leaders, board members, vendors, and others inside and outside of United Way.
• A thought leader with a proven track record of leading through change and ambiguity. Possesses a broad blend of technical expertise, business acumen, and leadership skills.
• A working knowledge of complex accounting and payroll systems as well as standard office software packages, particularly Microsoft Excel and Word.
• Excellent oral and written communication skills, including listening, and an ability to communicate effectively with and at all levels of the organization.
• A track record of problem-solving. An analytical mindset.
• Effective negotiation skills with vendors, contractors, consultants, and others, and a demonstrated ability to outsource as needed.

Personal Attributes

The Chief Financial Officer demonstrates:

• A deep set of positive and guiding core values and principles, and a commitment to United Way for Southeastern Michigan mission.
• An unparalleled work ethic.
• Entrepreneurial savvy with a desire to further establish, develop, and implement innovative systems and processes within the organization.
• A commitment to community engagement and a willingness to partner with other UW SEM leaders in community events.
• A self-motivator, creative, cooperative, and collaborative problem solver.

Key Relationships

Staff Direct Reports

• Senior Director, Finance
• Director, Financial Compliance
• Senior Manager, Accounting
• Financial Analyst

United Way for Southeastern Michigan Senior Leadership Team

• Chief Executive Officer
• Chief Operating Officer & Executive Vice President
• Chief Development, Diversity, and Engagement Officer
• Vice President, People, Culture, and Governance
• Vice President, Communications and Advocacy
• Vice President, Major Gifts and Donor Relations
• Vice President, Community Impact
• Vice President, Corporate and Labor Relations

Education

A bachelor's degree in a relevant field or comparable experience is required. A master's degree in a related field (MBA, MA, etc.) and/or CPA preferred.

Equal Employment Opportunity Statement

United Way for Southeastern Michigan is an Equal Opportunity Employer.

This job description describes the general nature and level of work performed by employees assigned to this position. It should not be construed as an exhaustive list of all required duties, responsibilities and skills. Reasonable accommodations may be made to enable disabled individuals to perform the essential functions of the job.

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