Chief Financial Officer
Department: Finance
Reports to: Chief Executive Officer
FLSA Status: Exempt
General Description of Duties:
The Chief Financial Officer (CFO) oversees the financial operations and accounting functions for Communities In Schools of Houston. He/she supports the strategic and overall vision of the Chief Executive Officer (CEO), while safeguarding the integrity of the financial statements, and ensuring that the organization has policies and procedures that align with the Financial Accounting Standards Board’s (FASB) Accounting Standards. In order to accomplish the finance department’s goal of achieving unmodified audit opinions, it is essential for the CFO to maintain the highest standards of internal controls and accounting systems. The CFO under the supervision of the CEO and with the approval of the board constructs an annual budget that provides the foundation for fiscal responsibility.
The CFO is a direct report to the Chief Executive Officer and staff liaison to the Board’s Finance, Audit, Investment and Retirement Committees.
Essential Functions/Objectives:
Participate in the CEO’s Director’s team meetings, retreats and assignments.
Keep CEO informed about all aspects of the finance department and staff
Manage financial operations and accounting functions to ensure proper execution of all accounting activities
Maintain internal controls and ensure safeguards are in place for receipt of revenue, costs, program budgets and actual expenditures
Ensure timeliness, accuracy, and usefulness of financial and management reporting for federal and state funders, foundations, and CIS Board of Directors
Coordinate the development and monitoring of budgets, contracts, and billing
Monitor cash flow and ensure availability of funds as needed
Monitor and make informed recommendations for short-term and long-term investments
Manage corporate property, casualty and liability insurance
Coordinate monthly and annual financial statements
Coordinate all audit activity including the annual financial audit, retirement audit and monitoring by funders
Ensure timely and accurate filing of tax returns
Ensure legal and regulatory compliance regarding all financial functions
Remain up-to-date on nonprofit audit best practices and state and federal law regarding nonprofit operations
Provide oversight for organization’s technology infrastructure
Stay informed of relevant accounting standards and ensure the timely implementation of new or modified accounting standards
Participate in organizational policy development as a member of the executive leadership team
Maintain the Administrative Procedures Manual (APM)
Demonstrate agency core competencies
Promote and maintain agency culture, standards, and systems
Performs all other duties as required by the Chief Operations Officer or Chief Executive Officer
Specific Job Competencies:
Communication Skills
Understand the purpose of communication and use appropriate method of communication for the situation
Respond to phone and email messages in a timely manner
Use discretion when sharing information
Strategic Planning Skills
Continually gather and analyze information from external and internal environments
Use information to anticipate potential challenges and changes
Use a wide range of information to set goals and priorities
Demonstrate leadership and initiative throughout this process
Supervisory Skills
Provide direction and clear concise expectation and communication to support supervisees’ work
Model excellence in core competencies and professional behavior
Maintain balance of work tasks and supervisee support
Assess and implement individualized supervision based on assessed needs, strengths and input from supervisee
Reporting Structure:
This position reports to the Chief Executive Officer and supervises a department of five including the Accounting Manager, Senior Accountant, Staff Accountant, Accounting Associate and Payroll & Technology Coordinator.
Minimum Educational/Experience Requirements:
Bachelor’s degree in Accounting, Finance or related field required, Master’s degree preferred; a minimum of seven (7) years of demonstrated experience in accounting and financial management required, ten (10) or more years preferred; certification as a Certified Public Accountant preferred; minimum of three (3) years experience as CFO preferred.
Valid Texas Driver License
Preferred Qualifications & Experience:
Experience in nonprofit accounting including fund and grant accounting, compliance and reporting
Experience in a senior financial management role partnering with executive staff resulting in the development and implementation of policies and procedures
Team-oriented with a desire to support the organization’s strategic initiatives
Proven record of delivering on generally accepted accounting principles and practices, particularly nonprofit revenue recognition rules
Proof of producing clean audits in prior accounting positions
Technologically savvy and proficient with accounting software
Demonstrated resourcefulness in implementing efficient financial systems
Demonstrated leadership ability, team management and interpersonal skills
Excellent analytical and abstract reasoning skills
Excellent communication and data presentation skills
Excellent organization and time management skills
Experience managing multiple projects and relationships while meeting critical deadlines
Work Environment:
Hybrid – Remote and In-Office
Compensation and Benefits:
Base Pay: Starting at $127,747
Other Pay: Business Mileage Reimbursement
Benefits: See Employee Benefits at www.cishouston.org/employment