Job Description
The McGaw YMCA in Evanston, Illinois is looking for a Cheif Financial Officer.
Job Description The Chief Financial Officer (CFO) at McGaw YMCA serves on the CEO’s senior leadership team and provides strategic financial leadership to ensure the organization’s financial sustainability and operational excellence. This role oversees and manages all financial matters, investments, compliance, and risk management while positioning the Y as a community convener and collaborator. The CFO ensures the implementation of systems, processes, and reporting tools to support financial planning and decision-making. Additionally, this position provides training and guidance to staff on financial systems and acts as the primary project manager for major finance-related IT system integrations.
Qualifications - Bachelor’s degree in business, finance, or related field; MBA, CPA, or CMA preferred.
- Ten or more years of substantive experience in accounting, financial planning, and fiscal management.
- Previous experience with voluntary/nonprofit organizations preferred.
- Knowledge and experience in budget development, financial reporting, cash management, business taxes, banking, and debt financing.
- Strong expertise in financial software, system implementation, and project management.
- Knowledge of grant reporting and compliance requirements. Federal grant reporting/management experience preferred.
- Experience managing capital project budgets preferred.
- Experience managing investment portfolios and asset allocation strategies.
- Experience working with many different constituencies or stakeholders ranging from the Board of Directors and policy volunteers to budget managers.
- Proven ability to lead and manage a finance team effectively.
- Strong communication and presentation skills with the ability to convey financial concepts clearly.
- Previous experience in nonprofit financial management preferred.
- Commitment to diversity, inclusion, access, and equity.
- Demonstrated ability to make strategic decisions to advance the organization’s financial health and mission.
Essential Functions - Conducts financial planning and analysis, including variance analysis, forecasting, and budget oversight.
- Leads the annual budgeting process, developing system models, financial plans, and providing training and support to departmental users.
- Monitors financial operations, prepares analysis and reports, and provides guidance to executive and operating staff.
- Reviews, updates, and develops internal control systems; oversees internal audits to ensure compliance with policies and standards.
- Ensures compliance with accounting regulations, including Government Auditing standards and Single Federal Audit requirements.
- Oversees financial reporting requirements, including tax returns (IRS Form 990), audits, and reports for government agencies and funding organizations.
- Serves as the primary system administrator for financial software, including Blackbaud Financial Edge and Questica PowerPlan.
- Lead the Board Finance Committee and partner with the CEO, senior leadership team, and program areas to align efforts.
- Manages investment strategies in coordination with the Investment Committee and Board of Directors.
- Supervises accounting month-end financial close and financial statement preparation in accordance with GAAP.
- Works closely with the Board Finance Committee and other finance-related committees, engaging them in strategic financial planning and decision-making.
- Oversees and manages risk management and insurance activities for the organization.
- Develops key performance indicators and measurement systems to track strategic plan objectives.
- Ensures proper internal controls to safeguard assets, periodically reviewing and updating as needed.
- Oversees financial data management & reporting on grants and gifts, including federal grants.
- Manage annual capital budget, as well as, a $22.5 million capital campaign budget to renovate McGaw Y’s residence facility.
- Maintains strong relationships with auditors, bankers, investment counselors, attorneys, and other financial professionals.
- Effectively communicates the organization’s financial position, mission, and strategic direction to a wide range of stakeholders.
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