Chief Financial Officer
Posted on Apr 18, 2021 by ONE.org
The Chief Financial Officer (CFO) is responsible for all financial matters of the ONE Campaign and its affiliate organizations (hereafter referred to as ONE or the organization ). The CFO will serve as a hands-on financial leader with responsibility for broad oversight and stewardship of the organization and will serve as a strategic business partner to the leadership team to collaboratively run and further develop scalable systems, organizational structure, and processes to support the overall strategic plan.
The CFO will report to and work closely with the Chief Operations Officer, report into the Board Audit and Finance Committee, and will provide strategic financial leadership and will collaborate with the senior leadership and the Board of Directors to develop and implement strategies across the organization. They will adapt to an evolving environment and thrive in an independent and deadline-oriented workplace, while leading a finance staff of seven and working with operations directors in all our international affiliate offices (currently at nine).
The CFO must have knowledge of the laws, procedures, and regulations relating to non-profit accounting and financial reporting, and in particular those pertaining to U.S. tax-exempt organizations recognized under Sections 501(c)(3) and 501(c)(4) of the Internal Revenue Code.
This forward-leaning individual will also assure the financial viability of the organization through proactive analysis and sound administration of policies and procedures. They will ensure excellence in a decentralized, worldwide operation to control all fiscal activities in numerous countries in an effective and efficient manner. We are seeking a strong financial professional to provide overall financial leadership to a $40 million global organization.
IN THIS ROLE, YOU WILL
Financial Management and Administration
Oversee day-to-day financial management and administration in a fast-paced, global environment, covering all areas of finance such as accounts payable and disbursements, corporate credit card administration, cash receipts, cash flow and forecasting, contracts approval, North America and global payroll processing, and general ledger maintenance
Lead a global finance team of seven professionals, including 5 direct reports; develop, train, motivate the finance staff; collaborate with Operations Directors in nine affiliate offices
Manage the treasury function including cash flow among all entities including ONE's line of credit
Work with ONE's COO and third-party investment advisor to monitor ONE's operating and short-, and long-term reserves, and ensure compliance with ONE's investment policy statement
Manage organization's foreign exchange exposure; work with external broker to analyze and make recommendations to Audit and Finance committee on the execution of foreign exchange policy
Support Director of Accounting in the development and maintenance of internal controls, and development of and adherence to ONE's global accounting policies and procedures
Assess and evaluate business, budget and financial processes and procedures; identify and implement opportunities for improvement; continually assess finance information systems, software packages, and technologies
Represent the organization and serve as primary point of contact with financial stakeholders, including ONE and ONE Action's Audit and Finance committees, ONE Against Poverty and ONE Global (Canada) Boards of Directors and external auditors, tax preparers, treasury service representatives, and investment advisor
Prepare and deliver presentations to all governing bodies for all entities
Participate in corporate policy development as a member of the senior management team
Budgeting and Financial Planning
Work with Director of Financial Planning and Analysis on the following:
Direct and coordinate preparation and execution of ONE's global annual budget, aligning limited resources with strategic objectives and global annual and department plans
Work with budget holders to regularly monitor department and program budgets and adjust expenditures in line with revenue forecasts
Present the global annual budget for review by senior management and approval by the Audit and Finance Committee and Boards of Directors
Collaborate with development department to prepare and monitor revenue forecast and accounts receivable collections
Work with development department to develop grant budgets, track spending against and produce reports for grants
Develop long-term financial business plans, modeling forecasts.
Oversee preparation of regular, timely monthly, quarterly, and annual financial reports for all of ONE's entities; present financial reports to senior management, Boards of Directors and other key stakeholders in a manner that is clear, concise, and allows for timely decision-making
Evaluate on a pro-active basis the organization's financial position, issuing monthly reports on cash, revenues, and expenses
Oversee annual financial statement audits for The ONE Campaign and its affiliates
Remain current on regulations, industry trends and practices, and relevant financial reporting laws; ensure ONE operates within full compliance of the laws in the countries in which it works; consult with external auditors, tax preparers, and internal corporate and outside legal counsel on relevant matters
Ensure ONE's compliance with IRS rules for 501(c)3 and 501(c)4 organizations, including accounting for cost-sharing arrangements among all related entities
Oversee filings of ONE's annual IRS Form 990 and 990-T, with unrelated business income tax considerations; oversee filing of DC Form D-20 and global tax requirements.
Support ONE's state charitable registrations
WHAT YOU BRING TO ONE
The CFO will be an accomplished leader with at least 12-15 years of broad finance experience, gathering and evaluating financial information and making actionable recommendations to senior leadership. They will have 3 years' prior experience as CFO or VP of Finance or financial leadership experience, including at least 12 plus years of financial management. They will have experience leading finance (finance, accounting, payroll, and tax) for a complex nonprofit with multiple funding sources and an affiliate structure with diverse program areas delivered nationally and internationally.
Graduate degree or more in finance, business, or a related field preferred.
CPA designation with public accounting experience.
Required Experience and Knowledge
Solid understanding of accounting, financial reporting under Generally Accepted Accounting Principles, budgeting, modeling, and forecasting, treasury and investments, audit, tax, strategic planning, internal controls, enterprise risk management, data analytics, payroll and accounting systems and multiple currencies and conversion.
Knowledge of laws, procedures and regulations relating to US tax exempt organizations under Section 501(c)(3) with a related 501(c)(4) affiliate operating under a cost-sharing or other shared services agreements.
Experience managing the finances of a complex international entity with multiple global locations and foreign exchange matters, highly preferred.
Tax-exempt reporting requirements, compliance and financial statement auditing activities.
Long range planning and budgeting with a diversified donor base and multiple currency environment.
Strong writing and presentation skills with demonstrated success preparing and presenting to Executives and the Board.
Broad tax and audit knowledge.
An understanding of the complexities surrounding collaboration in a global matrixed organization
Remain positive in high pressure and stressful situations
Critical thinking, communication, and relationship-building skills
Flexible and resourceful approach
Executive presence to lead discussions at all levels and across functional fields with an ability to explain complex information coherently.
Adept at multi-tasking; one who thrives in a rapid-paced environment.
Strong work ethic, positive attitude and ability to make things happen.
Ability to train, develop and mentor staff.
Standout colleague and consensus builder who collaborates with others to achieve common goals.
Dedicated to the mission of the organization.
Business acuity, can analyze and assess specific tactical business issues and comfortable operating at a strategic level.
Strategic Orientation, ability to see beyond the numbers and serve as a true voice regarding strategic matters facing the organization.
Results-oriented, with a track record of accomplishing objectives in a complex environment. Solid business judgment, high integrity and a passion for protecting capital and increasing value.
Ability to provide valuable analytical insight and perspective. Ability to analyze and report on complex financial activities of the organization.
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