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Chief Financial Officer

Employer
United Way for Southeastern Michigan
Location
Michigan, United States
Salary
Salary Commensurate with experience
Closing date
May 24, 2024

View more

Position Type
Executive, Administrative, Accounting and Finance
Fields
United Way
Employment Type
Full Time

Job Details

Chief Financial Officer
United Way for Southeastern Michigan

The Organization
About United Way for Southeastern Michigan

To mobilize the caring power of Detroit and Southeastern Michigan to improve communities and individual lives in measurable and lasting ways.

In Southeastern Michigan, 40 percent of families struggle to meet their basic needs. United Way for Southeastern Michigan is a catalyst for change, mobilizing a network of hundreds of partners and thousands of donors, advocates, and volunteers to advance equitable communities where households are stable, and children thrive. As one of the leading nonprofits in the state of Michigan, United Way for Southeastern Michigan works on integrative solutions to solve some of the region’s toughest challenges. In October 2023, United Way for Southeastern Michigan and United Way of Washtenaw County merged into a single United Way for Southeastern Michigan serving Macomb, Oakland, Washtenaw, and Wayne counties. With locations in Detroit and Ann Arbor, United Way for Southeastern Michigan draws distinguished campaign partners from the auto, manufacturing, technology, financial, education, and professional services sectors.

We Live United for universal success and prosperity in Southeastern Michigan. To that end, we work with public, private and nonprofit partners to help families become stable and ensure children have the support they need to thrive. As an organization, we operate by the following guiding principles:

  • People-First
    • Community-oriented, impact focused, accountable to households, children, stakeholders, and staff, with a deep commitment to diversity, equity, and inclusion.
  • Equity and Inclusion
    • Committed to practices that disrupt unfair systems and provide access to opportunity for all.
  • Collaboration
    • Focused on continuous and active partnerships.
  • Innovation
    • Taking the lead, challenging the status quo, focused on continuous improvement.

United Way for Southeastern Michigan mobilizes the caring power of Detroit and Southeastern Michigan to improve communities and individual lives in measurable and lasting ways. Engaging people, communities, and organizations, we are focused on meeting the needs of children and their families and creating the conditions necessary for success.

United Way for Southeastern Michigan partners with people and organizations who bring the passion, expertise, and resources needed to make a difference. Bringing public, private, and nonprofit partners together across Macomb, Oakland, Washtenaw, and Wayne, Counties to tackle problems as a team.

For additional information regarding the United Way for Southeastern Michigan, please visit https://unitedwaysem.org

The Opportunity
Position:
Chief Financial Officer
Locations: Detroit & Ann Arbor, MI
Reporting Relationship: Chief Executive Officer
Website:https://unitedwaysem.org/

Purpose of the Position
The Chief Financial Officer (CFO) is a senior executive responsible for the financial activities of the organization, directing the preparation of financial reports and summaries, and forecasting future results. It works collaboratively with the executive team to create and implement business initiatives in a financially responsible manner. The CFO effectively balances strategic responsibilities with the tactical day-to-day and demonstrates a sense of urgency to ensure support functions do not impede operational results.

The CFO collaborates closely with other senior executives including the Chief Executive Officer (CEO), Chief Development, Diversity, and Engagement Officer, and the Chief Operating Officer and Executive Vice President. This organizational leader will partner with the Audit, Finance, and Investment Sub-Committees, sit on the CEO's Cabinet, and lend their knowledge, insights, and strategic thinking to high-level organizational discussions/decisions.

Key Responsibilities
Specific duties and responsibilities of the role include, but are not limited to, the following:

Executive Leadership

  • Oversee the performance, development, and engagement of the Finance team with a focus on delivering exceptional customer service and internal capacity building.
  • Effectively communicate financial reports to the Board of Directors, Audit, Finance and Investment Sub-Committees and senior leadership team.
  • Partner closely with Information Technology and Fund Development teams to modernize the tools, processes, practices, and digital infrastructure to manage organizational resources and deliver exceptional customer service.
  • Support leadership in strategic and operational initiatives to ensure infrastructures adequately support the organization’s needs.
  • Evaluate and implement financial aspects of new business/program opportunities.
  • Represent the organization to financial partners, including financial institutions, funders, auditors, public officials, etc.
  • Lead, direct, and supervise assigned team members including recruitment of key team members, developing, and coaching team members to create a motivated, high-performing team that can reach the strategic goals and objectives of UWSEM.

Accounting and Finance Management

  • Oversee all areas of financial management for the timely and accurate monitoring of expenditures, procurement, internal/external cash flow, payments to vendors, billing, and all other areas in keeping with the highest standards; maintain custody of all monies and assets of UWSEM and oversee the receipt/disbursement of all funds.
  • Directs the preparation of all financial statements, including income statements, balance sheets, shareholder reports, tax returns, and governmental agency reports, and assure consistency and accuracy with Statement of Grant Awards, budgets, and contracts entered by UWSEM.
  • Compares budget projections to actual figures and makes or oversees any necessary adjustments to future projections and budgets.
  • Studies long-range economic trends and projects their impact on the future results of the organization. Ensure constant financial analysis, conducting forecasting and risk analysis, to support effective decision-making and the provision of strategic recommendations.
  • Oversee all areas of financial management for the timely and accurate monitoring of expenditures, procurement, internal/external cash flow, payments to vendors, billing, and all other areas in keeping with the highest standards.
  • Manage cash flow planning, investments, asset management, financing strategies and activities, banking relationships, and ensure availability of funds as needed.
  • Ensure that financial compliance issues/concerns within the organization are being appropriately evaluated, investigated, and resolved, including the development of strategic controls, processes, and procedures.

 

The Candidate
Experience and Professional Qualifications
United Way for Southeastern Michigan seeks a highly skilled and experienced Chief Financial Officer (CFO) to join the organization as a critical member of the senior leadership team. The ideal candidate will have experience and qualifications in line with the below:

  • Ten or more years of experience in financial management with increasing levels of responsibility. Prior experience serving in the role of Chief Financial Officer (or equivalent) is highly preferred.
  • Experience in organizations with comparable size, scope, and financial complexity. Non-profit experience with organizations impacted by fundraising and grant accounting is a plus.
  • Demonstrated financial and accounting acumen, including budgeting, financial analysis, reporting, compliance, and negotiation skills.
  • Progressively responsible record of demonstrated successes supporting a diverse workforce modeling key behaviors in diversity, equity, and inclusion initiatives.
  • Demonstrated experience in process improvement and technological innovation within the finance function.
  • Superior presentation and people skills are essential; this includes the capacity to effectively translate complex technical language and issues into terms that are easily understood and actionable, and the ability to build effective relationships with corporate officers, leaders, board members, vendors, and others inside and outside of United Way.
  • A thought leader with a proven record of leading through change and ambiguity. Possesses a broad blend of technical expertise, business acumen, and leadership skills.
  • A working knowledge of complex accounting and payroll systems as well as standard office software packages, particularly Microsoft Excel and Word.
  • Excellent oral and written communication skills, including listening, and an ability to communicate effectively with and at all levels of the organization.
  • A track record of problem-solving. An analytical mindset.
  • Effective negotiation skills with vendors, contractors, consultants, and others, and a demonstrated ability to outsource as needed.

Personal Attributes
The Chief Financial Officer demonstrates:

  • A deep set of positive and guiding core values and principles, and a commitment to United Way for Southeastern Michigan mission.
  • An unparalleled work ethic.
  • Entrepreneurial savvy with a desire to further establish, develop, and implement innovative systems and processes within the organization.
  • A commitment to community engagement and a willingness to partner with other UW SEM leaders in community events.
  • A self-motivator, creative, cooperative, and collaborative problem solver.

Key Relationships
Staff Direct Reports

  • Senior Director, Finance
  • Director, Financial Compliance
  • Senior Manager, Accounting
  • Financial Analyst

United Way for Southeastern Michigan Senior Leadership Team

  • Chief Executive Officer
  • Chief Operating Officer & Executive Vice President
  • Chief Development, Diversity, and Engagement Officer
  • Vice President, People, Culture, and Governance
  • Vice President, Communications and Advocacy
  • Vice President, Major Gifts and Donor Relations
  • Vice President, Community Impact
  • Vice President, Corporate and Labor Relations

Education
A bachelor’s degree in a relevant field or comparable experience is required. A master’s degree in a related field (MBA, MA, etc.) and/or CPA preferred.

To apply
Please apply by email to Lance.Friedensohn@KornFerry.com

Equal Employment Opportunity Statement
United Way for Southeastern Michigan is an Equal Opportunity Employer. This job description describes the general nature and level of work performed by employees assigned to this position. It should not be construed as an exhaustive list of all required duties, responsibilities, and skills. Reasonable accommodations may be made to enable disabled individuals to perform the essential functions of the job.

Company

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