Chief Financial Officer

$130,000 - $160,000/Yr

Buffalo Urban League - Buffalo, NY

Full-time - Senior

Buffalo, NY

51-100 employees

Religious, Grantmaking, Civic, Professional, and Similar Organizations

About the position

The Chief Financial Officer (CFO) at Buffalo Urban League will play a pivotal role in shaping the financial vision and strategy of the organization. Reporting directly to the President & Chief Executive Officer, the CFO will be an integral member of the executive management team, collaborating closely with senior management and the governing board. The primary mission of the Buffalo Urban League is to empower African Americans and other underserved communities, and the CFO will be instrumental in ensuring that the financial resources align with this mission. The CFO will be responsible for developing, implementing, and executing the strategic financial plan in concert with the board, President & CEO, and other stakeholders. This includes tracking cash flow, financial planning, and analyzing the organization’s financial strengths and weaknesses. The CFO will propose strategic directions based on accurate financial reporting generated by the accounting and financial team. Additionally, the CFO will establish BUL's financial strategy, develop financial plans, and conduct risk analysis on current and potential programs to support recommendations to the President & CEO. In overseeing Finance and Accounting, Purchasing, Information Technology, and Facilities, the CFO will ensure efficient management of these functions and maintain accountability and compliance with all regulations and laws. The role requires fostering a culture of excellence and teamwork while collaborating closely with program directors and the Executive Team. The CFO will also be responsible for providing comprehensive financial information to the Board and the President & CEO, ensuring sound fiscal operations, and developing timely and accurate income and expense budgets.

Responsibilities

• Develop, implement, and execute the strategic financial plan in concert with the board, President & CEO, and other stakeholders.
• Track cash flow and financial planning, analyzing financial strengths and weaknesses to propose strategic directions to the President & CEO and the Board.
• Establish BUL's financial strategy and develop financial plans in collaboration with the Board and the President & CEO.
• Develop and update financial forecasts to propose changes in directions, providing comprehensive financial information to the Board and the President & CEO.
• Conduct risk analysis on current and potential programs and initiatives to support recommendations to the President & CEO.
• Determine where to invest funds, oversee the capital structure, and identify optimal financing options for BUL.
• Oversee Finance and Accounting, Purchasing, Information Technology, and Facilities, managing these functions efficiently.
• Monitor cash flow and financial planning, identifying BUL's strengths and weaknesses and proposing corrective actions.
• Collaborate closely with program directors and develop a close working partnership with the Executive Team and the Board through its Finance Committee.
• Oversee the sound fiscal operation of BUL, including timely, accurate, and comprehensive income and expense budgets, reporting, and implementing processes.
• Maintain accountability and ensure compliance with all regulations and laws.
• Foster a culture of excellence and teamwork.

Requirements

• A master's degree in finance, business, or a related field; a CPA is preferred.
• A minimum of ten years of experience in nonprofit financial management, nonprofit audits, FASB and GAAP requirements, and restricted funds management.
• Demonstrated ability to analyze data from various programs and departments to identify problems and create models based on the analysis.
• Demonstrated knowledge of social services programs and the business acumen to effectively manage across diverse programs.
• Comprehensive management skills including short and long-term planning, evaluation, directing, and motivating staff.
• Excellent oral and written communication skills, with the ability to translate financial concepts to non-financial colleagues.
• Excellent presentation skills to inform the board of the organization's financial status and alignment with the strategic plan.
• Excellent interpersonal skills to develop and maintain relationships with donors, board members, staff, and funders.
• Demonstrated collaboration and strategic planning across all parts of an organization.
• Excellent technology skills.
• Demonstrated strategic mindset and strong decision-making skills.
• Demonstrated integrity and accountability.