CFO
Full Time • St. Paul, MN
Responsive recruiter
Nexus 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 Summary
We 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 CFO is currently supported by an experienced outsourced accounting team. Upon starting at Nexus, the 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, with full support of the current outsourced finance team during the transition. The 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 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 & Responsibilities
· Organizational leadership and financial strategy (20%, ongoing)
o Participate as a member of the organization’s leadership team, contributing ideas and taking initiative on matters facing the entire organization.
o 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.
o 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.
o Act as a financial guide alongside organizational leaders, assisting them with analysis and monitoring to identify trends and improve finance and program effectiveness.
o Build and maintain strong and effective relationships with the staff, board members, and external stakeholders, including funders, collaborators, media, and others.
o 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)
o 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.
o Provide opportunities for staff to learn about budgeting best practices and to contribute to the budgeting process.
o Monitor actual performance against budget and provide regular updates and analysis to the President/CEO, leadership, program staff, and board of directors.
o 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)
o Hire, train, and supervise accounting staff.
o Direct the regular month-end closing process.
o Coordinate monthly cost allocation processes that provide true program cost accounting for departments and programs.
o Manage banking, auditor, and other key financial relationships.
o Develop, maintain, and promote a strong set of internal controls and effective accounting practices.
· Financial reporting and analysis (20%, ongoing)
o 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.
o Communicate financial information to staff, leadership, board and committees, donors, government agencies, and other stakeholders.
o 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)
o Collaborate with director of philanthropic partnerships to monitor the receipt and accounting of contributed support and earned revenue.
o 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)
o Manage relationships with external auditors and other financial service providers to ensure compliance with all reporting and regulatory requirements.
o Direct preparation for and organization response to annual audit conducted by independent outside CPA firm.
o 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.
**Please note that this position is open until filled
Hybrid Remote
Most Nexus staff work remotely with the option to work from the office as needed. The CFO will be required to work in the office 2 days each week and is encouraged to work remotely the remainder of the week, with occasional in-person events, meetings and retreats required.
Compensation & Benefits
Nexus offers competitive compensation commensurate with experience and a highly participatory, mutually supportive workplace. We are committed to the personal and professional growth of all staff.
Nexus provides a comprehensive benefits package for full time staff that includes:
· Medical health insurance with two plan options that Nexus pays 80- 90% of the coverage for the entire family
· Dental and Vision insurance that Nexus pays 90% of the coverage for the entire family
· Flexible Spending Account (FSA) and Dependent Care options
· Health Savings Account (HSA) option for those enrolled in the High Deductible Health Plan option with employer matching
· Life and Disability Insurance paid by Nexus
· Retirement plans with employer matching
· Unlimited Paid Time Off and a 4-day work week (32 hours/week)
· Professional development funds
· $600 wellness stipend each year
· $600 contributions to wellness memberships annually
· $900 annual cell phone reimbursement
· $600 Remote Office Allowance for new hires, plus a reduced annual stipend for ongoing home office equipment needs
· All-staff wellness events provided by Nexus
NO PHONE CALLS PLEASE
NEXUS IS AN EQUAL OPPORTUNITY EMPLOYER. Black, Indigenous, People of Color (BIPOC), LGBTQIA+, and individuals with visible and invisible disabilities are strongly encouraged to apply.
If you have any questions regarding this posting, please email Human Resources at HROC@nexuscp.org
If you have any questions regarding this posting, please email Human Resources at HROC@nexuscp.org
Compensation: $116,343.00 - $156,938.00 per year
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, national origin, disability status, protected veteran status, or any other characteristic protected by law. As such, Nexus strongly encourages Black, Indigenous, People of Color (BIPOC), LGBTQIA+ individuals, and people with various abilities to apply.
In who we are and through what we do, Nexus Community Partners builds engaged and powerful communities so that each and every person can flourish in a joyful and abundant life. For this to be possible, we must usher out the rigged rules, attitudes, and practices that concentrate wealth and power in fewer and whiter hands, and usher in ways of living, working, and making decisions together that nourish communities for this generation and generations to come.
(if you already have a resume on Indeed)
Or apply here.
