Minnesota Council of Nonprofits
VP of Finance & CFO
Minnesota Council of Nonprofits, Saint Paul, Minnesota, United States, 55199
Organization OverviewNexus Community Partners is a fast-growing community-building intermediary whose mission is to build more engaged and powerful communities of color by supporting community-building initiatives and fostering social and human capital. Nexus addresses the deep isolation within communities of color and Indigenous communities caused by personal, institutional, and structural racism by promoting an equity centered engagement model; supporting the development of leaders; democratizing wealth; and by reclaiming culture as an asset.Position SummaryWe are seeking a creative and strategic individual who will provide leadership and management of essential finance and accounting needs of our growing organization ($6 million operating budget, as well as $5 million+ in grants to community each year).
This position reports directly to the President & CEO and works closely with leadership across the organization to provide strategic direction for financial management, accounting, and budgeting. The VP of Finance & CFO is currently supported by an experienced outsourced accounting team. Upon starting at Nexus, the VP of Finance & CFO will have the opportunity to assess how best to structure the accounting function and will work with Nexus leadership to hire or contract the desired team. The VP of Finance & CFO will also promote and model equity and accountability within the area of finance while ensuring the organization’s financial strength, flexibility, and sustainability. The VP of Finance & CFO will create strong relationships with staff and may also serve as a point of contact for external stakeholders.
Hybrid Remote:
The person in this position is required to work 50% of their scheduled work hours from the office.
Position Functions & ResponsibilitiesOrganizational leadership and financial strategy (20%, ongoing)Participate as a member of the organization’s leadership team , contributing ideas and taking initiative on matters facing the entire organization.Work closely with President/CEO and senior leadership team to ensure the financial health of the organization , sharing financial strategies that align with and support the organization’s mission.Collaborate with the President/CEO, senior leadership, and board of directors to develop and implement financial policies and procedures
that support the organization’s values and strategic goals.Act as a financial guide
alongside organizational leaders, assisting them with analysis and monitoring to identify trends and improve finance and program effectiveness.Build and maintain strong and effective relationships
with the staff, board members, and external stakeholders, including funders, collaborators, media, and others.Monitor investment portfolio , maintain close contact with our investment advisors, and report regularly to committees and board regarding portfolio health.Budgeting and forecasting (20%, seasonal)
Coordinate and guide the annual budgeting process , working closely with senior leadership, program and department managers, the finance committee, and the board to develop realistic and achievable financial goals.Provide opportunities
for staff to learn about budgeting best practices and to contribute to the budgeting process.Monitor actual performance
against budget and provide regular updates and analysis to the President/CEO, leadership, program staff, and board of directors.Develop and maintain financial forecasts
at the organizational and program level that support long-term financial planning and effective decision-making.Manage the accounting function and supervise accounting team (20%, ongoing)
Hire, train, and supervise
accounting staff.Direct the regular month-end closing process .Coordinate monthly cost allocation
processes that provide true program cost accounting for departments and programs.Manage banking, auditor, and other key financial relationships .Develop, maintain, and promote a strong set of internal controls
and effective accounting practices.Financial reporting and analysis (20%, ongoing)
Communicate the financial performance
of the organization to the treasurer, finance committee, and board of directors, by providing regular reports, updates on budget performance, forecasts, and assessments of financial risks and opportunities.Communicate financial information
to staff, leadership, board and committees, donors, government agencies, and other stakeholders.Provide cashflow, revenue, and expense analysis
as needed to help answer questions regarding program and organization progress and performance.Grant reporting and monitoring (10%, ongoing)
Collaborate with director of philanthropic partnerships
to monitor the receipt and accounting of contributed support and earned revenue .Partner with director of philanthropic partnerships to ensure compliance with grant and contract requirements
and maintain accurate records of all grants and contracts.Audit, tax filing, and compliance (10%, concentrated seasonally)
Manage relationships with external auditors
and other financial service providers to ensure compliance with all reporting and regulatory requirements.Direct preparation for and organization response to annual audit
conducted by independent outside CPA firm.Ensure that all tax filings (including IRS Form 990) and required reports are completed and submitted , keeping the organization compliant with all relevant laws and regulations.
Qualifications
The following list of qualifications is meant to identify experiences and education that would help ensure success in this role. We do not expect applicants to have previously acquired all the preferred qualifications and experience shown on the list. We are interested in knowing what combination of experience and education each applicant has that relate to the categories listed below.7+ years of progressively more responsible experience managing the accounting function, supervising a finance team, and/or influencing organizational financial leadership and planning.5+ years technical proficiency in nonprofit accounting, business accounting, and/or cost accounting as evidenced by a combination of education and/or on-the-job experience.Proven record of financial leadership, strategic planning, and successful budget development.Ability to communicate complex accounting principles simply and effectively for a variety of audiences.Experience coordinating and leading audit activities, managing reporting, budget development and analysis, forecasting, accounts payable and receivable, general ledger, and accounting for investments.Comfort with technology, including knowledge of advanced accounting and reporting software, and integrated accounts payable and accounts receivable applications.Have a collaborative nature and high capacity to work cross-culturally to achieve understanding and results.Ability to listen to and effectively communicate with staff, leadership, board members, and community members.Understand and embrace efforts that promote racial, social, and economic equity and asset-based community change, including knowledge of the role of culture and history in community.Be self-motivated, self-directed, and hands-on in approach to work.Ability to manage multiple projects and deadlines and maintain high quality work.While performing the duties of this job, may be regularly required to remain stationary for two or more hours at a time, constantly operating standard office equipment such as a computer, telephone and keyboard.Ability to occasionally lift up to 15 pounds.To apply:
Visit https://nexuscp.apscareerportal.com/ to apply. Please include a cover letter and resume. All pieces of the application are required to be considered for an interview.
In your cover letter, please explain what motivates you to work with Nexus Community Partners and how your experience, skills, and commitment are a fit for this role and will advance our work.
**Open until filled
For any questions regarding this position, please email Human Resources at hroc@nexuscp.org
#J-18808-Ljbffr
This position reports directly to the President & CEO and works closely with leadership across the organization to provide strategic direction for financial management, accounting, and budgeting. The VP of Finance & CFO is currently supported by an experienced outsourced accounting team. Upon starting at Nexus, the VP of Finance & CFO will have the opportunity to assess how best to structure the accounting function and will work with Nexus leadership to hire or contract the desired team. The VP of Finance & CFO will also promote and model equity and accountability within the area of finance while ensuring the organization’s financial strength, flexibility, and sustainability. The VP of Finance & CFO will create strong relationships with staff and may also serve as a point of contact for external stakeholders.
Hybrid Remote:
The person in this position is required to work 50% of their scheduled work hours from the office.
Position Functions & ResponsibilitiesOrganizational leadership and financial strategy (20%, ongoing)Participate as a member of the organization’s leadership team , contributing ideas and taking initiative on matters facing the entire organization.Work closely with President/CEO and senior leadership team to ensure the financial health of the organization , sharing financial strategies that align with and support the organization’s mission.Collaborate with the President/CEO, senior leadership, and board of directors to develop and implement financial policies and procedures
that support the organization’s values and strategic goals.Act as a financial guide
alongside organizational leaders, assisting them with analysis and monitoring to identify trends and improve finance and program effectiveness.Build and maintain strong and effective relationships
with the staff, board members, and external stakeholders, including funders, collaborators, media, and others.Monitor investment portfolio , maintain close contact with our investment advisors, and report regularly to committees and board regarding portfolio health.Budgeting and forecasting (20%, seasonal)
Coordinate and guide the annual budgeting process , working closely with senior leadership, program and department managers, the finance committee, and the board to develop realistic and achievable financial goals.Provide opportunities
for staff to learn about budgeting best practices and to contribute to the budgeting process.Monitor actual performance
against budget and provide regular updates and analysis to the President/CEO, leadership, program staff, and board of directors.Develop and maintain financial forecasts
at the organizational and program level that support long-term financial planning and effective decision-making.Manage the accounting function and supervise accounting team (20%, ongoing)
Hire, train, and supervise
accounting staff.Direct the regular month-end closing process .Coordinate monthly cost allocation
processes that provide true program cost accounting for departments and programs.Manage banking, auditor, and other key financial relationships .Develop, maintain, and promote a strong set of internal controls
and effective accounting practices.Financial reporting and analysis (20%, ongoing)
Communicate the financial performance
of the organization to the treasurer, finance committee, and board of directors, by providing regular reports, updates on budget performance, forecasts, and assessments of financial risks and opportunities.Communicate financial information
to staff, leadership, board and committees, donors, government agencies, and other stakeholders.Provide cashflow, revenue, and expense analysis
as needed to help answer questions regarding program and organization progress and performance.Grant reporting and monitoring (10%, ongoing)
Collaborate with director of philanthropic partnerships
to monitor the receipt and accounting of contributed support and earned revenue .Partner with director of philanthropic partnerships to ensure compliance with grant and contract requirements
and maintain accurate records of all grants and contracts.Audit, tax filing, and compliance (10%, concentrated seasonally)
Manage relationships with external auditors
and other financial service providers to ensure compliance with all reporting and regulatory requirements.Direct preparation for and organization response to annual audit
conducted by independent outside CPA firm.Ensure that all tax filings (including IRS Form 990) and required reports are completed and submitted , keeping the organization compliant with all relevant laws and regulations.
Qualifications
The following list of qualifications is meant to identify experiences and education that would help ensure success in this role. We do not expect applicants to have previously acquired all the preferred qualifications and experience shown on the list. We are interested in knowing what combination of experience and education each applicant has that relate to the categories listed below.7+ years of progressively more responsible experience managing the accounting function, supervising a finance team, and/or influencing organizational financial leadership and planning.5+ years technical proficiency in nonprofit accounting, business accounting, and/or cost accounting as evidenced by a combination of education and/or on-the-job experience.Proven record of financial leadership, strategic planning, and successful budget development.Ability to communicate complex accounting principles simply and effectively for a variety of audiences.Experience coordinating and leading audit activities, managing reporting, budget development and analysis, forecasting, accounts payable and receivable, general ledger, and accounting for investments.Comfort with technology, including knowledge of advanced accounting and reporting software, and integrated accounts payable and accounts receivable applications.Have a collaborative nature and high capacity to work cross-culturally to achieve understanding and results.Ability to listen to and effectively communicate with staff, leadership, board members, and community members.Understand and embrace efforts that promote racial, social, and economic equity and asset-based community change, including knowledge of the role of culture and history in community.Be self-motivated, self-directed, and hands-on in approach to work.Ability to manage multiple projects and deadlines and maintain high quality work.While performing the duties of this job, may be regularly required to remain stationary for two or more hours at a time, constantly operating standard office equipment such as a computer, telephone and keyboard.Ability to occasionally lift up to 15 pounds.To apply:
Visit https://nexuscp.apscareerportal.com/ to apply. Please include a cover letter and resume. All pieces of the application are required to be considered for an interview.
In your cover letter, please explain what motivates you to work with Nexus Community Partners and how your experience, skills, and commitment are a fit for this role and will advance our work.
**Open until filled
For any questions regarding this position, please email Human Resources at hroc@nexuscp.org
#J-18808-Ljbffr