This position is located in Worcester, MA , with consideration for Holyoke, MA. Candidate must be able to travel regularly throughout the council region.
Girl Scouts of Central and Western MA is seeking an financial leader to join our executive team as the new Chief Financial Officer. As a key member of the Leadership Team, the Chief Financial Officer (CFO) will play a strategic role in the overall leadership of the organization and help guide the council’s direction and strategy. The CFO will drive the formulation and execution of financial plans for maximum financial performance of Girl Scouts of Central and Western MA. Responsibilities encompass all financial and risk management matters. This includes but is not limited to forecasting financials, making recommendations to position GSCWM favorably in the economic climate, providing proactive mitigation strategies, building sustainable processes with new technologies, communicating the budget and financial opportunities beyond just the numbers, and being a strategic member of the Executive Team.
The CFO will provide oversight for planning, implementing, and managing financial-related activities of the organization, including responsibility for accounting, finance, treasury, payroll, forecasting, risk management, investment oversight, data security, grant management, and compliance. The CFO has responsibility for working collaboratively with all other departments to develop strategies for financial health through analysis to support strategic thinking and direction, establishing critical measurements, projections, and forecasts to lead the council’s long-range planning. The CFO is responsible for directing the financial management of the council in accordance with generally accepted accounting principles, regulations and policies and ensures that the day-to-day operations of the council proceed efficiently and effectively. This position serves as direct manager for several departments including accounting and payroll.
ESSENTIAL FUNCTIONS
- Provide leadership to the CEO and senior leadership team on all matters pertaining to finance policy to ensure that financial strategies, decisions and functions effectively facilitate achievement of council goals and maintain its financial health.
- In support of the board of directors and as staff partner to the council’s Treasurer, serve as staff leadership for audit committee, investment, 401k, data security and budget task groups of the board, and monitoring and direct inspection of financial executive limitations.
- Provide timely and accurate analysis of budgets, financial reports and financial trends to assist the CEO and senior leadership in decision-making and goal execution.
- In conjunction with the CEO and senior staff, lead the preparation of the annual operating and capital budgets.
- Develop and implement best practices and tools to ensure a well-controlled yet flexible organization that has strong fiscal management, internal controls, project coordination, cross-team communications, and efficient workflows, including support for grant management and reporting.
- Establish and oversee all financial reporting, budgeting and forecasting activities, providing the CEO, Board, and senior staff with accurate and up-to-date information on the financial activities of the council and monitoring of financial executive limitations.
- Direct and ensure all financial records are maintained and reporting activities (internal and external) are carried out in compliance with generally accepted accounting principles, and with local, state, and federal laws, board policies, as well as not-for-profit regulations, and guidelines.
- Lead the day-to-day administration and control of the accounting, treasury and payroll functions to safeguard the council’s assets and to ensure financial transactions are timely, processed accurately, and recorded in keeping with accepted accounting standards and principles.
- Lead and implement appropriate cash and investment management strategies and maintain banking and investment relationships in compliance with board policies and ensuring resources are available to meet operational needs.
- Oversee financial and operational audits, identify opportunities for improved efficiencies and supervise the implementation of improvement to internal controls and operating procedures.
- Oversee the development, implementation and maintenance of documentation for accounting and procurement processes and procedures that ensure internal controls for security of the organization's assets.
- Oversee and manage the risk and data security of the organization with the CEO and Chief Operating Officer through an effective enterprise risk management system.
- Establish and maintain strong relationships with senior executives to enable collaboration and seek full range of business solutions. Provide support to CEO and other executive management team members and oversight of additional functions, as needed to achieve organizational goals.
- Manage the effective training, development and retention of finance staff and ensure that they are organized and deployed appropriately to achieve successful operating results.
POSITION TYPE/EXPECTED HOURS OF WORK
This is a full-time, exempt position, and hours of work and days from generally Monday through Friday. Occasional evening and weekend work may be required as job duties demand.
TRAVEL
Travel is primarily within the Council’s jurisdiction during the business day.
REQUIRED EDUCATION AND EXPERIENCE
- Bachelor’s Degree required, MBA or CPA preferred.
Minimum of five years public accounting experience combined with a minimum of five years additional experience in accounting, finance and business management in a nonprofit environment. Knowledge of fund accounting and related year-end net asset reconciliation.
- Thorough knowledge and application of general accounting and internal controls theory.
- Thorough knowledge of enterprise risk management.
- Excellent computer skills including proficiency in excel and accounting software.
- Proven high level of organizational, financial management, project management, personnel management, and communication skills.
- Ability to work in a team environment with commitment to achieving organizational goals.
The starting range for this position $125,000 - $135,000.
