Chief Financial Officer

Chief Financial Officer

About The Open Hearth

The oldest continuously operating housing program for men on the East Coast, The Open Hearth was founded in 1884. We help men experiencing homelessness enhance their capacity for self-help, self-respect, and dignity. In addition to housing, we offer programs for returning citizens and a unique social enterprise that engages both men and women, Open Hearth Works (OHW). More information is at theopenhearth.org

About the Opportunity

The Chief Financial Officer (CFO) will be a hands-on manager who provides leadership, direction, and oversight for the organization’s finance functions, including business planning and budgeting, financial management, and forecasting, aligning development (fundraising) financial data with organizational revenue and expenses, data analysis, human resources, and technology. The CFO reports to the CEO.

Responsibilities

Financial Management

• • Prepare, analyze, and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements; collate financial reporting materials for all key stakeholders (e.g., board, donors, etc.), and oversee all financial, project/program, fundraising, and grants accounting.
  • Coordinate and lead the annual audit process, including a single state audit; liaise with external auditors and the finance committee of the board of directors.
  • Lead annual budgeting and planning process with the CEO and other staff leaders; work with board treasurer to present budget to the board.
  • Administer and review all financial plans and budgets, ensuring accuracy; monitor progress and changes; and keep senior leadership team and board abreast of the organization’s financial status.
  • With external advisors and the board, oversee the organization’s endowment.
  • Manage financial software and, periodically oversee installation of new software as needed and appropriate.
  • Work closely with development staff, development consultant, and grant writer to accurately process and record gifts and grants
  • Manage organizational cash flow and forecasting.
  • Implement a contracts management and financial management/reporting system for The Hearth’s social enterprise, Open Hearth Works, in coordination with the Vice President Workforce Development; ensure that the contract billing and collection schedule is adhered to and that financial data and cash flow are steady and support operational requirements.
  • Update and implement all necessary business policies and accounting practices; update and maintain the overall policy and procedure manual for finance.
  • Effectively communicate and present critical financial matters to the board of directors, working with the CEO and board treasurer.

Administration and Human Resources

• • Work closely and transparently with all external partners including third-party vendors and consultants.
  • Oversee administrative functions as well as facilities to ensure efficient and consistent operations as the organization scales.
  • Work with staff and payroll vendor to coordinate payroll processing; resolve payroll questions with staff, if any.

Qualifications

• • B.S. in Accounting or CPA or significant experience as a financial professional in a similar setting.
  • A minimum of seven years of overall professional finance experience; ideally three-five years of broad financial and operations management experience in the nonprofit sector.
  • Prior responsibility for the quality and content of all financial data, reporting, and audit coordination for a similarly size organization or division of a large nonprofit.
  • Experience facilitating nonprofit audits with external auditors; experience assisting with single state and/or federal audits desirable.
  • Ability to align financial information with development results (gifts and grants)
  • Prior oversight and collaborative leadership of human resources function desirable
  • Technology savvy with experience selecting and overseeing financial software and managing relationships with software vendors; knowledge of accounting and reporting software.
  • Ability to translate financial concepts to – and to effectively collaborate with – board, staff, and fundraising colleagues who do not have finance backgrounds

• • Demonstrated ability to set priorities; keen analytic, organization and problem-solving skills that support and enable sound decision making.
  • Excellent communication and relationship building skills with an ability to prioritize, negotiate, and work with a variety of internal and external stakeholders.
  • Supervisory experience desirable.
  • Integrity, credibility, and dedication to the mission of The Open Hearth.