Chief Financial Officer

Website YMCA of Snohomish County

Deadline to apply: November 7, 2021See our website for more information! https://ymca-snoco.org/about-us/careers/chief-financial-officer/As a major employer in one of the fastest growing counties in the country, YMCA of Snohomish County impacts 40,000 people annually with a $21M ($30M pre-Covid) operating budget. Because our amazing 29-year tenured Chief Financial Officer (CFO) is retiring, we are hiring an experienced, high-performing CFO to be an active participant in and driver of the organization’s overall business strategy, while setting and monitoring the YMCA of Snohomish County’s financial policy and direction. The Chief Financial Officer represents the organization to financial partners, including financial institutions, investors, foundation executives, auditors, public officials, etc. As a member of the senior leadership team who reports to the President and Chief Executive Officer, the CFO will work closely with a motivated and engaged Finance Committee of the Board of Trustees. The CFO leads the Finance and Information Technology Teams. S/he must be able to adapt to a continually evolving environment and thrive in an autonomous and deadline-oriented workplace.The ideal candidate must possess strong organizational and operational competencies for successful performance. Candidates must have at least 10 years of broad finance (accounting, audit, budgeting, control and reporting) experience in a service based organization with a budget of at least 15 million. The qualified candidate must also have demonstrated success in managing and growing operating budgets in order to execute and exceed the goals of the Association’s overall Operating Plan. Because YMCA of Snohomish County encompasses 6 YMCA facilities and an affiliation with Big Brothers Big Sisters, experience with a multiple site multi-functional organization is a must. This position must also have 10 years of debt financing and associated banking relationship experience. Additionally, the CFO must have 10 years of experience leading governance, such as the Finance Committee of the Board of Directors.Qualifications: Bachelor’s Degree required, Master’s Degree and CPA strongly preferred.Seasoned, mature leader with at least 10 years of broad finance (accounting, audit, budgeting, control, and reporting) experience, in an organization with a budget of at least $5 million.Demonstrated experience providing vision and leadership to Finance Department and Board Finance and Audit Committees.Proven ability to set and lead strategies that increase the financial health of the organization.Demonstrated ability and background in understanding and working through complex financial strategies in support of capital projects.Excellent presentation and negotiation skills; ability to present and negotiate financial strategy to banks, auditors, funders, etc.Minimum of 10 years’ experience working with financing projects, treasury management and new market tax credits.Minimum of 10 years of supervisory experience.Fluency in English and second language, preferredExperience using information technology to lead and streamline finance and accounting procedures and in producing predictive indicators to best manage the organization.Experience with multi-site, multi-functional organizations and service-based business/es.Required Skills: Strong analytical skills and experience in translating a strategic vision into financial and operational realityProficient understanding of PPP loans and other sources of federal fundingDetail oriented, logical and methodological approach to problem-solvingProficient with Microsoft Office Products (e.g. Word, Excel & PowerPoint)Excellent communication skills, both written and verbalExcellent interpersonal skills: Ability to relate to individuals at all levelsPosition Profile / Ideal Characteristics: Dynamic individual with strategic, visionary approach to work and problem-solvingCollaborative personalityMaintain confidential information and proper discretionAnalytical, organized, driven by attaining resultsComfortable with public speakingEmotionally mature, able to initiate, conduct and navigate difficult conversations with individuals at all levelsInnate ability to develop and motivate staff by setting an example, coaching and mentoring themResponsibilities: *FinanceDevelops performance indicators and measurement systems for the tracking of annual and long-range strategic plan objectives.Establishes and communicate the long-range strategic financial plan of the association to CEO and YMCA Board.Reports to and works closely with the Finance Committee and the Board of Trustees, preparing timely and accurate reports on a monthly, quarterly and annual basis. Engages the Finance Committee to develop short, medium, and long-term financial plans and projections.Evaluates current business performance and leads efforts to modify or redesign business strategies when and where necessary. Develops financial business plans and forecasts to set direction and pace of growth.Utilize predictive models and activity-based financial analysis to provide insight into the organization’s operations and business plans on a monthly basis.Sets and monitors financing strategies and activities (including monitoring compliance with debt covenants), as well as banking relationships.Manages all assets, cash and investments. Manages investments by working directly with Investment Committee within the risk tolerance expressed by the Board via the investment policy.Manages liabilities to ensure the association is fiscally sound both in the short term and long term.Manages the debt financing with banks and leasing companies, maintains compliance with debt covenants. Monitors all banking and financing relationships.Oversees the preparation of reports to United Way, YMCA of the USA, government and other outside agencies as necessary.Oversees the preparation of the IRS form 990.Oversees budget, working with the operations staff for the implementation of well planned, realistic annual budgets that is prepared and approved by the Board in a timely manner.Oversees cash flow planning and ensures availability of funds as needed.Works with the Chief Executive Officer to set short and long-term financial projections.Ensures timeliness, accuracy, and usefulness of financial and management reporting for federal and state and city funders, foundations, banks, and the Board of Trustees; oversee the preparation and communication of monthly and annual financial statements.Oversees the Finance department to ensure proper maintenance of all accounting systems and functions.Responsible for financial compliance with all grant programs including annual A-133 audit.Facilitate the annual audit process with independent auditors and reviews the results with the Audit Committee as well as the results of our ongoing internal audit process. Ensures maintenance of appropriate internal controls and financial procedures.Works closely with banks, auditors, legal counsel, contractors and other professional advisors.Prepares requests for proposals for review of cost and performance of outside contractors for services or goods as needed.Oversees all financial and accounting policies and practices. Ensures legal and regulatory compliance regarding all financial functions.Participates in corporate policy development as a member of the senior management team.Provides strategic recommendations based on financial analysis and projections, cost identification and allocation, and revenue/expense analysis.Recommends and develops financing strategies to achieve capital growth needs.Represents the organization to financial partners, including financial institutions, investors, foundation executives, auditors, public officials, etc.Remains up to date on nonprofit audit best practices and state and federal law regarding nonprofit operations._ Information Technology_Supervises and leads the organization’s technical staff to design an IT plan for the future, and implement it successfully to meet organizational growth needs (hardware and software).Utilizes the systems for operational effectiveness with the operations staff.Annually assesses the capability of the systems for the Association.Benefits: Our benefits are AMAZING!FREE family YMCA membership (value of $119/month) for full-time staffFREE training offered for all positions & get paid while you train for your job!50% off licensed child care for full-time staff20% off programs and services for all staffCompetitive benefits package for full-time staff including: Medical, dental, life and long term disability insurancePaid time off (available after 90 days) and 8 paid holidays for full-time staffRetirement paid at 12% annual compensation after 2 years of service (minimum 1,000 hours worked in each year)Cheery, dynamic cause-driven work environment, like no other!Flexible work schedules and a family-friendly environment.Our Commitment to Inclusion: The Y is made up of people of all ages and from every walk of life, working side by side to strengthen communities. Together we work to ensure that everyone, regardless of ability, age, cultural background, ethnicity, faith, gender, gender identity, ideology, income, national origin, race or sexual orientation, has the opportunity to reach their full potential with dignity. Our core values are caring, honesty, respect and responsibility—they guide everything we do.We look forward to having you on our YMCA team!*The YMCA is an Equal Opportunity Employer that celebrates diversity at all levels of our organization!Job Type: Full-timePay: $130,000.00 – $175,000.00 per yearBenefits:Dental insuranceEmployee assistance programEmployee discountFlexible scheduleHealth insuranceLife insurancePaid time offProfessional development assistanceReferral programRetirement planVision insuranceSchedule:8 hour shiftDay shiftMonday to FridayEducation:Bachelor’s (Required)Experience:Supervisory: 10 years (Required)broad finance (accounting, budgeting, audit, etc): 10 years (Required)License/Certification:CPA (Preferred)Work Location:One locationWork Remotely:NoWork Location: One locationShow more

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