Chief Financial Officer / Chief Operating Officer (CFO / COO)

Job Title: Chief Financial Officer / Chief Operating Officer (CFO / COO)

Position Summary:

Reporting to the Chief Executive Officer (CEO), Chief Financial Officer / Chief Operating Officer (CFO / COO) serves as a key leadership team member and an active participant in making strategic decisions affecting Community Foundation Boulder County (CFBC).

In partnership with the CEO, this position is responsible for oversight of all financial aspects of the foundation’s business. The CFO has four direct reports, an accountant, a grants administrator, and an operations manager. The CFO / COO will also be able to hire for a full-time controller.

As a finance and operations leader, you maximize and strengthen the internal capacity of a well-respected, high-impact organization. The Foundation has an extremely well-connected and dedicated Board of Trustees and volunteers that serve on its governing board and its various committees. In addition, the Foundation owns the Spruce Street Mansion (the building where the Foundation is located), which operates as a separate entity and rents space to local businesses.

Organizational Evolution

Over the past two years, Community Foundation Boulder County has stepped up to lead the philanthropic aspects of multiple disaster-recovery efforts, not only collecting millions of dollars in donations but also convening community leaders and deploying resources quickly. Coupled with CFBC’s ongoing efforts to respond to COVID and its impact on Boulder County, CFBC has increased its role as an integral connector between private funding, public actors, and the nonprofit sector. It is now essential that the fundraising and donor relations work of the Foundation expand to meet our critical role in the community as well as exceed donor and fund holder expectations.  This is an exciting time to join the team, as the organization grows, creates these new positions, and positions itself to respond to so many incredible opportunities.

About Community Foundation Boulder County:

Community Foundation Boulder County is a community catalyst, responding to immediate needs and anticipating future challenges. Through informed‐decision‐making, we inspire ideas and action and mobilize diverse resources to improve the quality of life for everyone in Boulder County. As a collaborator and convener, we promote inclusivity and provide leadership on key issues, working with community‐ minded individuals and organizations that want to make a difference.  

Established in 1991, Community Foundation Boulder County currently has assets totaling more than $100 million. In 2021, the foundation received over $15 million in contributions and distributed over $10 million in grants to nonprofit organizations. CFBC has granted more than $120 million to nonprofit organizations since its inception and recently raised over $43 million to support fire recovery efforts in Boulder County. 

Responsibilities:

Financial Management (70%:

• Oversee accurate and timely financial records including but not limited to accounting, payroll and related taxes and benefits, tax and regulatory compliance, insurance, charitable gifts, grants, earnings and investments and reconciliation of accounts.
• Effectively lead and oversee the contract and relationship with the technology provider, Bromelkamp.
• Oversee gift entry, gift acknowledgement and grant transactions including ensuring due diligence of donor grant recommendations and audit confirmations for agency funds.
• Maintain oversight of existing accounting policies and procedures.
• Ensure all necessary internal accounting controls are in place.
• Manage annual budget development and oversight in cooperation with the CEO and Controller.
• Lead the development of the budget and financial planning which requires education of the board and staff.
• Monitor budget progress and changes; and keep senior leadership team abreast of the organization’s financial status.
• Manage production of monthly, quarterly and annual financial reports and communicate financial information on a timely basis to the Board of Trustees and others as needed.
• Oversee process for preparation and distribution of financial statements for donors.
• Manage annual audit and financial reporting to state and federal agencies including tax returns and completion of 990s.
• Primary liaison with all investment managers in contact with the foundation.
• Ensure compliance with asset allocation.
• Manage organizational cash flow and forecasting.
• Support donor and departmental needs, as necessary.
• Effectively communicate and present the critical financial matters to the board of directors.

Operations (30%):

• Overall responsibility for operations including building operations, administration, IT, and human resources.
• Effectively lead the operations manager who manages all building related operations and relationships and supports all administrative functions.
• Negotiate and oversee the property management contracts.
• Maintain communication with lenders and ensure compliance with loan covenants.
• Supervise the human resource’s function including enhancing professional development, compensation and benefits, performance evaluation, training, policies and procedures, and ensuring there is a consistent and streamlined recruiting process. Partner with outsourced PEO to deliver in these areas.
• Oversee payroll, tax documents and corresponding reports.
• Manage and implement employee benefit program. Oversee contract with benefit broker and vendors maintaining regular and frequent communications.
• Establish and manage a comprehensive training program to educate employees regarding staff tools, policies, and procedures.
• Maintain adequate business insurance by conducting annual reviews of insurance policies and risk management and ensures necessary insurance coverages are up to date.
• Work closely and transparently with all external partners including third-party vendors and consultants.
• Oversee administrative functions to ensure efficient and consistent operations that support the strategic goals of the organization.

Qualifications and Personal Attributes

• Proven responsibility for the quality and content of all financial data, reporting and audit coordination for either a division or significant program area, and has preferably overseen a human resources function previously.
• At least 7 to 10 years of overall professional experience; ideally 6-plus years of broad financial and operations management experience; non-profit experience highly desired.
• Knowledge of generally accepted accounting principles and practices.
• Ability to translate financial concepts to - and to effectively collaborate with - programmatic and fundraising colleagues who do not necessarily have a finance background.
• Experience with grants management.
• Technology savvy with experience selecting and overseeing software installations and managing relationships with software vendors; knowledge of accounting and reporting software.
• Commitment to training programs that maximize individual and organization goals across the organization including best practices in human resources activities.
• A successful track record in setting priorities; keen analytic, organization and problem-solving skills which 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.
• The ability to wear many hats in a fast-paced environment.
• Personal qualities of integrity, credibility, and dedication to the mission of The Community Foundation Boulder County.

Compensation

This is a full-time position (100% FTE) or 40 hours a week. The salary range for this position is $150,000 – $170,000, commensurate with experience. CFBC offers a competitive benefits package including health insurance, paid time off, retirement contribution and match, parking pass, and Limited Health Reimbursement Account (employer funding of $2,000 per year).

Application Process

Interested applicants should send a cover letter and resume in a single file PDF to Hannah@commfound.org with the subject line “CFO/COO”. Applications should be submitted by 5pm on February 27, 2023. No calls please. 

Non-Discrimination Policy

Community Foundation Boulder County is dedicated to the principles of equal employment opportunity (EEO) in any term, condition, and privilege of employment. We do not discriminate against applicants or employees based on age, race, sex, color, religion, sexual orientation, national origin, genetic information, disability, or any other status protected by state or local law.

Community Foundation Boulder County practices and champions inclusiveness in our community. We honor the diverse strengths, needs, voices, and backgrounds of all members of our community. Candidates from traditionally marginalized communities are especially encouraged to apply.