Bayonne Economic Opportunity Foundation
Chief Financial Officer (CFO)
Bayonne Economic Opportunity Foundation, Bayonne, New Jersey, us, 07002
Chief Financial Officer (CFO)
Location:
Hudson County, NJ
Position Summary:
As a critical member of the Executive Management team, the Chief Financial Officer (CFO) will report directly to the Executive Director and take a strategic leadership role in managing the financial functions of the organization. This position requires not only strong technical accounting and financial management skills but also a strategic mindset to navigate the unique challenges faced by nonprofit organizations, including compliance with funder guidelines, managing restricted funds, and driving sustainability. The CFO will oversee all financial operations, ensuring that the organization’s mission is supported by sound financial planning, analysis, and risk management.
Key Responsibilities:
Strategic Financial Leadership:
Provide financial guidance and strategic insights to the Executive Director and Board of Directors, supporting the organization’s long-term goals, sustainability, and mission alignment.
Financial Planning & Analysis:
Lead the development of annual budgets, multi-year financial forecasts, and financial plans to ensure accurate and timely financial reporting. Analyze financial trends, variances, and forecasts, recommending corrective actions as needed.
Financial Management & Oversight:
Manage and supervise all aspects of the finance and accounting functions, including accounts payable, accounts receivable, payroll, general ledger, and financial statements. Ensure compliance with generally accepted accounting principles (GAAP) and all applicable regulatory laws.
Grants & Fund Management:
Oversee and ensure compliance with grant requirements, including tracking restricted and unrestricted funds. Collaborate with program managers to ensure that grant spending is aligned with programmatic goals and funder expectations.
Internal Controls & Risk Management:
Design and implement effective internal control systems to safeguard the organization’s assets and ensure the accuracy of financial data. Regularly assess risks and develop mitigation strategies to protect the financial integrity of the organization.
Partnerships & Compliance:
Serve as the organization’s financial liaison for external partners, funders, auditors, and regulators. Ensure compliance with all federal, state, and local regulatory laws, including nonprofit-specific regulations such as Form 990 filings and audits.
Board Reporting & Stakeholder Communication:
Prepare and present financial reports to the Board of Directors and other key stakeholders.
Nonprofit Financial Expertise:
Provide leadership in financial strategy specific to the nonprofit sector, including oversight of endowments, donor-advised funds, and capital campaigns. Ensure that resources are aligned to support key programmatic and operational goals.
Team Leadership & Development:
Mentor and develop the finance and accounting staff, fostering an environment of continuous improvement. Implement best practices in financial management and reporting to support the organization’s growth and mission.
Qualifications and Requirements:
Education:
MBA in Accounting or Finance and/or CPA designation highly desirable.
Experience:
10+ years of progressively responsible financial leadership experience, ideally within the nonprofit sector. Experience with grant management, fund accounting, and familiarity with financial challenges unique to nonprofit organizations is strongly preferred.
Technology Proficiency:
Proficiency with financial management software and advanced knowledge of Microsoft Excel. Experience with nonprofit-specific accounting systems (such as Blackbaud, QuickBooks Nonprofit Edition, or similar) is a plus.
Personal Attributes:
Strong interpersonal and communication skills, with the ability to work collaboratively with executive leadership, staff, and external stakeholders.
High degree of integrity, ethics, and confidentiality in handling sensitive financial information.
A proactive, hands-on strategic thinker who can manage multiple projects and priorities simultaneously.
Ability to analyze complex financial data and make sound decisions based on accurate and timely information.
Commitment to the organization’s mission and values, with a deep understanding of the financial role in supporting programmatic success.
Other Skills & Abilities:
Proficiency in financial software and tools relevant to nonprofit financial management. Ability to lead the organization through periods of financial transition, growth, or uncertainty with clarity and confidence.
Salary Range:
Starting salary range is $95,000 to $120,000, depending on experience.
How to Apply:
Eligible candidates are encouraged to submit an updated resume directly to
information@beof.org .
#J-18808-Ljbffr
Location:
Hudson County, NJ
Position Summary:
As a critical member of the Executive Management team, the Chief Financial Officer (CFO) will report directly to the Executive Director and take a strategic leadership role in managing the financial functions of the organization. This position requires not only strong technical accounting and financial management skills but also a strategic mindset to navigate the unique challenges faced by nonprofit organizations, including compliance with funder guidelines, managing restricted funds, and driving sustainability. The CFO will oversee all financial operations, ensuring that the organization’s mission is supported by sound financial planning, analysis, and risk management.
Key Responsibilities:
Strategic Financial Leadership:
Provide financial guidance and strategic insights to the Executive Director and Board of Directors, supporting the organization’s long-term goals, sustainability, and mission alignment.
Financial Planning & Analysis:
Lead the development of annual budgets, multi-year financial forecasts, and financial plans to ensure accurate and timely financial reporting. Analyze financial trends, variances, and forecasts, recommending corrective actions as needed.
Financial Management & Oversight:
Manage and supervise all aspects of the finance and accounting functions, including accounts payable, accounts receivable, payroll, general ledger, and financial statements. Ensure compliance with generally accepted accounting principles (GAAP) and all applicable regulatory laws.
Grants & Fund Management:
Oversee and ensure compliance with grant requirements, including tracking restricted and unrestricted funds. Collaborate with program managers to ensure that grant spending is aligned with programmatic goals and funder expectations.
Internal Controls & Risk Management:
Design and implement effective internal control systems to safeguard the organization’s assets and ensure the accuracy of financial data. Regularly assess risks and develop mitigation strategies to protect the financial integrity of the organization.
Partnerships & Compliance:
Serve as the organization’s financial liaison for external partners, funders, auditors, and regulators. Ensure compliance with all federal, state, and local regulatory laws, including nonprofit-specific regulations such as Form 990 filings and audits.
Board Reporting & Stakeholder Communication:
Prepare and present financial reports to the Board of Directors and other key stakeholders.
Nonprofit Financial Expertise:
Provide leadership in financial strategy specific to the nonprofit sector, including oversight of endowments, donor-advised funds, and capital campaigns. Ensure that resources are aligned to support key programmatic and operational goals.
Team Leadership & Development:
Mentor and develop the finance and accounting staff, fostering an environment of continuous improvement. Implement best practices in financial management and reporting to support the organization’s growth and mission.
Qualifications and Requirements:
Education:
MBA in Accounting or Finance and/or CPA designation highly desirable.
Experience:
10+ years of progressively responsible financial leadership experience, ideally within the nonprofit sector. Experience with grant management, fund accounting, and familiarity with financial challenges unique to nonprofit organizations is strongly preferred.
Technology Proficiency:
Proficiency with financial management software and advanced knowledge of Microsoft Excel. Experience with nonprofit-specific accounting systems (such as Blackbaud, QuickBooks Nonprofit Edition, or similar) is a plus.
Personal Attributes:
Strong interpersonal and communication skills, with the ability to work collaboratively with executive leadership, staff, and external stakeholders.
High degree of integrity, ethics, and confidentiality in handling sensitive financial information.
A proactive, hands-on strategic thinker who can manage multiple projects and priorities simultaneously.
Ability to analyze complex financial data and make sound decisions based on accurate and timely information.
Commitment to the organization’s mission and values, with a deep understanding of the financial role in supporting programmatic success.
Other Skills & Abilities:
Proficiency in financial software and tools relevant to nonprofit financial management. Ability to lead the organization through periods of financial transition, growth, or uncertainty with clarity and confidence.
Salary Range:
Starting salary range is $95,000 to $120,000, depending on experience.
How to Apply:
Eligible candidates are encouraged to submit an updated resume directly to
information@beof.org .
#J-18808-Ljbffr