VP of Finance & CFO

$116,343 - $156,938/Yr

Nexus Community Partners - Saint Paul, MN

Full-time - Mid Level

Saint Paul, MN

Religious, Grantmaking, Civic, Professional, and Similar Organizations

About the position

Nexus Community Partners is seeking a creative and strategic individual to fill the role of VP of Finance & CFO. This position is crucial for managing the essential finance and accounting needs of our growing organization, which operates on a $6 million budget and distributes over $5 million in grants to the community each year. The VP of Finance & CFO will report directly to the President & CEO and will work closely with leadership across the organization to provide strategic direction for financial management, accounting, and budgeting. This role is supported by an experienced outsourced accounting team, and the new VP will have the opportunity to assess and structure the accounting function effectively, including hiring or contracting the desired team. The VP of Finance & CFO will also promote equity and accountability within the finance area while ensuring the organization's financial strength, flexibility, and sustainability. Building strong relationships with staff and serving as a point of contact for external stakeholders will be key responsibilities of this role.

Responsibilities

• Participate as a member of the organization's leadership team, contributing ideas and taking initiative on matters facing the entire organization.
• Work closely with the 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.
• 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.
• 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.
• 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.
• Collaborate with the director of philanthropic partnerships to monitor the receipt and accounting of contributed support and earned revenue.
• Partner with the director of philanthropic partnerships to ensure compliance with grant and contract requirements and maintain accurate records of all grants and contracts.
• 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.

Requirements

• 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.

Nice-to-haves

• Experience in community building or volunteerism sectors.
• Knowledge of grant management and compliance processes.

Benefits

• Competitive salary range of $116,343 - $156,938 per year.
• Hybrid work environment with 50% remote work.
• Opportunities for professional development and training.