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Abcdboston

Chief Financial Officer

Downtown Boston - Tremont Street, MassachusettsHybrid · United States
Director+ · Permanent - Full Time · Finance
POSTED 9 NOVVERIFIED 29M AGO
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Role
0 days opentrue age
First seen 9 Nov
Payats field
$210k–240kposted
▲ +1% vs market median $222k
$50k$260k
Market p25–p75
$197k–$260k
Abcdboston p25–p75
$50k–$65kn=19
Boston · n=242 · 365d to 6 Nov
CompanyAbcdboston →
65open roles
Opened · 30d
+1
Closed · 30d
−2
7d of snapshots · 30d window
Market
25,419open · Director+ Other
Opened · 7d
+1,4926% of open
All other
625,019open
All tracked boards · live 9 Nov · n=25,419

The Chief Financial Officer (CFO) is responsible for the management of all finance, accounting, budget, payroll, treasury and related areas of ABCD. This is a hands on role within a fast-paced and complex organization comprised of multiple government and private funding sources.

Responsibilities

Accounting and Fiscal Oversight

  • Overseeing ABCD's fiscal team to:
  • Establish and implement policies and procedures for all financial management functions, ensuring appropriate controls and compliance with generally accepted accounting practices (GAAP) and other applicable state and federal regulations.
  • Oversee the process for identifying and evaluating opportunities for improved financial operations, recordkeeping, and reporting.
  • Maintain appropriate financial procedures and internal controls for cash, banking activities, and investments to ensure adequate liquidity as well as sound investment decisions and performance.
  • Develop and maintain a comprehensive cost allocation plan and recordkeeping system, ensuring compliance with donor requests, federal and state regulations, generally accepted accounting practices, and contractual requirements.
  • Ensure all assets are maintained and accounted for, including an inventory of all fixed assets.
  • Lead the external audit process, serving as the primary interface with the independent auditors and ensuring accuracy of financial statements, including Form 990.
  • Manage and supervise the financial side of the human resource function, including payroll processing.

Budgeting and Financial Reporting

  • Oversee the organization's budget planning process, collaborating with the fiscal staff and program leadership to develop annual income and expense projections.
  • Provide comprehensive monthly reporting of financial results against budget and provide recommendations for actions necessary to maintain the fiscal health of ABCD.
  • Work with departmental leadership to develop, track, and report key performance indicators and trends.
  • Work with the relevant departments to support donor/grant solicitation and reporting, including monitoring contributed funds to ensure all donor restrictions are met.

Staff Management

  • Manage, review, and mentor ABCD's fiscal staff, providing appropriate professional development opportunities.
  • Set comprehensive goals for performance and growth for employees within the CFO's direct areas of responsibility.
  • Build a positive team environment, ensuring that all fiscal staff act with a customer service attitude in support of all ABCD employees.

Strategic Leadership

  • Support ABCD's senior leaders to ensure decision making is well-informed by fiscal considerations and to provide creative, yet realistic, scenario planning and financial analysis, all with the goal of ensuring resources are optimally used to achieve ABCD's mission.
  • Participate actively in the senior leadership team and strategic activities and initiatives.
  • Attend board meetings and serve as a liaison to the board's Finance Committee to provide fiscal and operational insight.

Other Responsibilities

  • Represent the organization to external financial partners such as banks, insurance companies, and benefit companies.
  • Support administration to procure adequate insurance coverage, including workers' compensation, property, and liability coverage.
  • Develop and negotiate overhead rates with federal agencies.

Skills

Skills and Qualities:

  • Ten to fifteen years of senior fiscal leadership with prior experience in a CFO role.
  • Experience at a social service agency or other nonprofit at ABCD's scale and with diverse revenue streams, complex reporting requirements, and exacting compliance.
  • Bachelor's degree in accounting or related field.
  • CPA, other accounting certification, and/or MBA would be advantageous.

Strategic Financial Leadership

  • Deep understanding of nonprofit accounting, government and private grant funding and reporting, the regulatory environment, and compliance.
  • Strategic financial thinker who understands the external environment and financial trends.
  • Strong financial systems knowledge with exposure to Financial NXT being ideal.
  • Track record of ensuring timely monthly closings and clean annual audits.

Operational Excellence & Accountability

  • Able to design and implement financial policies, systems, and procedures.
  • Skilled at analyzing departmental needs, promoting process improvement to create efficient and accountable structures, and facilitating change management.
  • Organized, hands-on/roll up the sleeves leader who can manage multiple moving parts and pivot quickly and be adaptive in a startup-like, fast-moving environment.

Team Leadership & Development

  • Experience training, cultivating, and building finance staff.
  • Skilled at delegating effectively and holding staff accountable to agreed upon goals.
  • Able to lead through influence and gain buy-in when change is required in an environment that may be resistant to change and where silos will be encountered.
  • Inspired to work with highly diverse staff who exhibit varying degrees of financial acumen.

Collaborative and Mission-Aligned Communication

  • Approachable, understanding, and supportive leader with strong communication and interpersonal skills who can communicate financial information clearly to non-finance staff.
  • Excited to work in collaboration with program directors and to integrate finance within ABCD's broader programmatic goals.
  • Displays a passion, appreciation, and alignment with ABCD's mission and culture.

Compensation and Benefits:

This is a full-time, salaried, exempt position with a starting salary range of $210,000 to $240,000 commensurate with experience and qualifications. ABCD also offers a highly comprehensive and generous benefits package which includes health insurance (80% paid by ABCD), dental, group life and disability, 403b plan with an extremely generous employer contribution, and significant paid time off. This on-site position is housed at ABCD's headquarters on Tremont Street in Boston.

Benefits

  • Make a Difference: Every day, your work directly impacts the lives of thousands in the Greater Boston community, empowering them and making positive, lasting change.
  • Inclusive Environment: ABCD values the diversity of its workforce, with an inclusive culture that respects individuality and promotes collaboration.
  • Continuous Learning: We offer numerous training and development opportunities, ensuring our staff remain at the forefront of community action methodologies and strategies.
  • Comprehensive Benefits: At ABCD, we take care of our own, providing a competitive benefits package, including health coverage and retirement plans.
  • A Legacy of Impact: Join an organization that boasts a legacy spanning over half a century, consistently championing the rights and needs of our community's most vulnerable.
  • Teamwork & Camaraderie: Be a part of a passionate team, united in their mission to combat poverty, and ensure every individual can reach their fullest potential.
Source · AbcdbostonFirst seen 9 NovOriginal ↗