The Chief Financial Officer (CFO) is responsible for planning and implementing all the financial activities of the organization. This position plays a key role on the Executive Team and Leadership Team for First Children’s Finance. This position collaborates with other leaders to set the strategic and financial goals for the organization and leads implementation to reach those goals. The CFO provides financial leadership to the rest of the organization, including tactical planning and directing the functional accounting and finance activities. The incumbent meets regularly with other leaders to monitor performance against goals/budgets.
MISSION AND ORGANIZATIONAL BACKGROUND
The mission of First Children’s Finance (FCF) is to grow the supply and business sustainability of excellent childcare. Founded in 1991, FCF provides business and financial assistance to business owners and leaders in the field of Early Care and Education (ECE). To achieve our goals, FCF works on three levels: Individual Business Level, Community Level and Systems Level. FCF is a national nonprofit organization headquartered in Minneapolis that provides business development programs and/or financing to ECE providers in multiple states, with regional offices in three: Minnesota, Iowa, and Michigan.
For more information, visit First Children’s Finance.
What We Do
First Children’s Finance grows the supply and business sustainability of excellent childcare.
We help children, families and communities thrive by increasing the availability, affordability and quality of early care and education.
We accomplish this by providing financial and business development assistance to childcare businesses serving low- and moderate-income families and building partnerships that connect these vital businesses with the resources of the public and private sectors.
Coordinates and supervises monthly/annual accounting and billing for the organization.
Assure timely and accurate financial reporting that is consistent with generally accepted accounting practices (GAAP), nonprofit law, regulatory agencies, and organization policy.
Prepares organization-wide annual budget with input from directors and executive team members. Ensures budgets are aligned with organizational goals.
Meet with area directors monthly to report and monitor progress against budget.
Analyzes and recommends changes to programs and strategies based on financial conditions.
Prepares financial reports and presents to leadership and the Board of Directors.
Supervises organizational compliance for Federal, States, and Funders.
Maintains general ledger, chart of accounts, and accounting software.
Establishes and maintains constructive and effective relationships with external vendors and partners including auditors, funders, bankers, investment advisors, attorneys, and other professional advisors.
Oversees and certifies the annual external audit and 990 process and report.
Maintains and monitors financial policies and procedures, creating consistencies, efficiencies, and implementing best practices.
Provides input into the strategic planning process.
Develops and maintains a diverse effective organization through the selection, training, compensation, review, and motivation of accounting staff.
Develops and maintains a program for high-performance standards and sound employee relations at all levels of the organization.
Provides positive guidance and direction to employees, assists them in their professional development.
Leads and implements major initiatives for the organization as directed by the CEO.
Bachelor’s degree in Finance, Accounting, Business, or related field.
CPA designation, MBA, or equivalent preferred.
Minimum of five (5) years of progressive financial management experience. Preferred experience as Chief Financial Officer, Controller, or Director of Finance.
Demonstrated ability to work effectively with community and government officials, volunteers, Board of Directors, senior management, and all levels of a team.
History of proven, measurable results for managing growth and aligning finance, accounting, and tools to support strategic business priorities.
Proven management abilities in community and government relations; budget development and financial control; staff management and development; strategic planning, and policymaking.
A strategic thinker and planner as well as an effective implementer.
Highly organized, energetic, enthusiastic, with a can-do attitude.
Intermediate knowledge of word processing software; spreadsheet software; accounting software, internet software, and database software.
KNOWLEDGE, SKILLS, AND ABILITIES
Ability to promote a positive image of FCF and position FCF as a key resource in the field of ECE.
Excellent interpersonal and communication skills.
Demonstrated maturity, good judgment, and excellent human relations skills.
Ability to think conceptually, portrays good analytical skills, and demonstrates assertiveness to manage the scope of the responsibilities.
Ability to handle multiple demands and priorities and achieve organizational objectives.
Ability to read, analyze, and interpret professional journals, technical manuals, or governmental regulations.
Ability to write reports, business correspondence, and procedure manuals.
Ability to effectively present information and respond to questions from groups of managers, and the public.
Ability to be flexible and work collaboratively with a diverse FCF staff, customers, partners, and stakeholders.
Demonstrated high degree of emotional intelligence.
Must be able to work on the computer for extended periods of time.
Ability to travel when needed.
The above statements are not intended to encompass all functions and qualifications of the position; rather, they are intended to provide a general framework of the requirements of the position. Job incumbents may be required to perform other functions not specifically addressed in this description.