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The Heart of the Valley YMCA is seeking a results-driven CFO to guide corporate growth and sustainability.
Job Description
This position supports the work of the Y, a leading nonprofit charitable organization committed to strengthening community through youth development, healthy living and social responsibility. The Chief Financial Officer at the Heart of the Valley YMCA serves on the CEO’s senior leadership team; oversees and manages financial matters, investments and information systems; and provides strategic direction and leadership for YMCA business operations and initiatives. The Chief Financial Officer also positions the YMCA as a community convener and collaborator to address critical social issues.
Qualifications
- Bachelor’s degree in business, finance or equivalent; MBA, CPA or CMA preferred.
- Eight or more years of substantive experience in accounting and fiscal management.
- Knowledge and understanding of general business matters required including budget development, financial reporting, cash management, business taxes, banking and debt financing instruments.
- Knowledge of computer systems, including experience with system selection, new system implementation and project management.
- Personal computer skills required.
- Experience with investment management and asset allocation preferred.
- Experience in effectively managing a staff team.
- Previous experience with voluntary/nonprofit organizations preferred.
Essential Functions
- Serve as a strategic partner to the CEO and Senior Leadership Team in aligning financial stewardship with the mission, vision, and long-range planning of the YMCA. Lead financial scenario planning, forecasting, and modeling to inform strategic initiatives, mergers/acquisitions, and capital expenditures.
- Develop and oversee financial performance dashboards, pro forma models, and KPIs that support transparency, data-informed decisions, and financial agility.
- Direct the operation of the YMCA accounting department.
- Establish all accounting policies, systems and procedures for the Association and initiate necessary internal controls.
- Partner with Development and Operations teams to assess financial implications of fundraising, grants, and revenue-generating programs.
- Analyze financial reports, forecast trends and recommend corrective actions and policies while maintaining responsibility for their timely implementation.
- Prepare and review monthly financial statements, journal entries (including payroll), and ledger postings to ensure accurate and timely reporting.
- Supervise the formulation of Branch and Association budgets and responsible for formulation of corporate budget.
- Maintain overall accountability for providing adequate association management information systems.
- Work in close cooperation with the Treasurer of the Association. Provide staff leadership to the Corporate Finance Committee. Engage regularly with Board members to provide financial insight, develop fiscal policy, and build financial literacy within volunteer leadership.
- Approve the filing of all required federal, state and local tax and financial disclosure documents.
- Coordinate and develop the financial portion of grant budgets and presentations.
- Oversee Association insurance portfolio, including claims, compliance, and annual review of coverage.
- Provides oversight to ensure the prompt completion of the Association’s audit and compliance with its findings.
- Monitor Association cash flow and work with leadership to identify and address financial concerns and contingency planning. Provide oversight of Association reserves and liquidity strategies to ensure long-term sustainability.
- Oversees operational shared services management agreements to ensure contract goals are fulfilled and needs of the organization are prioritized.
- Oversees financial systems and partner with IT leadership to ensure technology infrastructure supports organizational efficiency and growth.
- Tracks and reports all Association investments.
- Establishes and monitors all Association banking and government agency relationships.
- Conduct volunteer and staff training related to financial procedures, policies, and operations. Lead continuous improvement of internal controls and fiscal accountability.
- Responsible for certain balance sheet reconciliations.
- Perform related duties as required by the CEO.