YMCA of Middle Tennessee
Chief Financial Officer
YMCA of Middle Tennessee
Consistent with the Christian mission and vision of the YMCA of Middle Tennessee, and in cooperation with other YMCA staff, under the policies, directives and guidelines established by the CEO and the Board of Directors, the Chief Financial Officer (CFO) provides executive leadership, vision, and direction to the YMCA of Middle Tennessee. In addition, s/he partners with the Senior Strategy Team and the Finance Committee, the Executive Committee, and the board of directors to develop and implement financial strategies across the organization. The CFO supervises the Finance, ITS and Legal Departments and oversees all compliance and recognition for government (federal and state) contracts and private grants for the Association.
- Supports the YMCA mission and models the YMCA core values: Caring, Honesty, Respect and Responsibility.
- Models and puts into practice behavior that supports inclusion and diversity.
- Serves on Senior Strategy Team as strategic partner in achieving the goals and implementing strategies of the Association’s strategic plan: ensures outstanding customer/member service, supports, shares, challenges, plans, and is “a visionary”.
- Represents the YMCA and maintains appropriate relationships with the Association’s lenders, professional advisors (accountants, attorneys, insurance brokers, etc.), community leaders, area organizations, and businesses.
- Responsible for compiling data analytics involving any information that impacts YMT’s financial statements in order to provide a reliable, transparent single view of total performance that will provide insight to facilitate strategic decisions and actions.
- Serves as a support and leader in the Annual Giving campaign; directs his/her staff on implementation of this campaign.
- Develops and utilizes forward-looking, predictive models and activity-based financial analyses to provide insight into the organization’s operations and business plans. Leads analytics reporting and dashboards based on financial information
- Oversees financing strategies and activities, as well as banking relationships.
- Ensures the accuracy and timeliness of periodic financial statement preparation and analysis, the annual audit, the operating budget, compliance with applicable tax laws including the annual IRS Form 990, and construction and fixed asset accounting.
- Oversees cash flow planning and ensures availability of funds as needed; oversees cash, investment, and asset management.
Planning, Policy, and Investor Relations
- Coordinates the development and monitoring of budgets, including training staff in budget methodology, tactics, and best practices.
- Develops financial business plans and forecasts for needed resources for current operations, capital improvement, community development and long-range financial stability.
- Engages the finance committee of the board of directors to develop short-, medium-, and long-term financial plans and projections.
- Represents the Y to financial partners, including financial institutions, investors, foundation executives, auditors, etc.
- Remains up to date on non-profit audit best practices and state and federal law regarding non-profit operations.
Accounting and Administration
- Oversees the Accounting/Finance department to ensure proper maintenance of all accounting systems and functions; supervises, trains, empowers and develops a strong finance staff team and department, including direct supervision of the Controller and strong dotted-line supervision of the Director of Reporting and Analysis.
- Ensures timeliness, accuracy, and usefulness of financial and management reporting for federal and state funders, foundations, and YMT’s board of directors; oversees the preparation and communication of monthly and annual financial statements.
- Ensures legal and regulatory compliance regarding all financial functions. Ensures maintenance of appropriate internal controls and financial procedures; coordinates audits and proper filing of tax and information returns.
Compliance & Insurance
- Oversees all compliance and administration of government (federal and state) contracts and private grants.
- Helps set policy for grant procurement and post-award reporting.
Information Technology Services
- Oversees the IT Services department to ensure proper administration and application of both strategic and functional technology systems, platforms, and processes.
- Supervises, trains, empowers and develops a strong IT staff team and department, including direct supervision of the SVP of ITS.
- Ensures maintenance of appropriate data security controls and data handling procedures.
- Ensures timeliness, accuracy, reliability, and usefulness of data from all Information Technology systems.
- Serves as the Association’s Chief Compliance Officer, Information Technology Services.
- Leads legal activities and oversees the Legal department; supervises the Corporate Counsel.
- Oversees legal support provided to Association Departments (IT, HR, Property, Marketing, etc.) and Executive Directors.
- Selects, manages, and reviews external counsel used in addressing corporate and transactional matters.
- Oversees drafting, negotiation, review, and administration of contracts, and development of document templates.
- Oversees development and implementation of, and compliance with, Association policies, procedures, and practices.
- Oversees monitoring of compliance with Association and Foundation charter and bylaws (in collaboration with CSO).
- Oversees the administration of Conflicts, Whistleblower, and Document Retention policies.
- Oversees responses to EEOC/THRC charges, risk and worker’s compensation issues and claims, and external legal requests.
- Oversees preparation of Association and Foundation corporate filings: Annual Report, Applications for Tax Exemptions, etc.
- Oversees all ongoing litigation, including general liability claims.
- Oversees management of the Employee Confidential Reporting Hotline.
This position requires an enthusiastic individual able to adapt to a continuously evolving environment and thrive in an autonomous and deadline-oriented workplace while managing finance staff. S/he must be highly organized, possess superior supervisory skills; demonstrate sound judgment, initiative, and independent thinking.
- Must exhibit passionate commitment to the mission and cause of the YMCA, and the ability to inspire and motivate staff, volunteers, members, and other stakeholders to strengthen a culture of service within the organization.
- Must be an articulate spokesperson on behalf of the YMCA, particularly possessing the ability to communicate complex financial information to non-financially oriented staff and volunteers.
- Must have the ability to relate effectively to diverse groups of people from all social and economic segments of the community.
- Must present a professional image and possess conflict resolutions skills and demonstrate sound judgment and initiative. Must be able to maintain confidentiality of information.
- Must demonstrate leadership ability, team management, and interpersonal skills.
- Must have excellent analytical and abstract reasoning skills, plus excellent organization skills and the ability to work under pressure and handle multiple tasks.
- Must possess excellent written and oral communication skills.
- Must possess knowledge and understanding of community resources and the ability to engage and partner these resources with the YMCA to meet strategic objectives.
- Must be proficient in Microsoft Word, Excel, PowerPoint, SGA, and other software programs, as well as have the ability to use most office equipment.
- Must be able to travel to multiple locations and able to work a flexible schedule, including evenings and weekends.
Education / Experience Required:
- Minimum 21 years of age.
- Bachelor’s degree in finance or related area; Certified Public Accountant and/or MBA degree preferred.
- Deep understanding of the YMCA mission within the context of property tax and 501 (c)(3) issues; demonstrated experience in analyzing and resolving complex issues (operational, financial, legal); knowledge of Nashville business community.
- Senior financial-management role with a budget of at least $40 million (at least five years’ experience as CFO or equivalent), partnering with and making actionable recommendations to senior leadership/ executive staff, resulting in the development and implementation of creative financial management strategies. Formal training and/or knowledge of non-profit accounting.
- Experience managing finance (fund and grant accounting, budgeting, control, compliance, reporting, audit and 990 preparation) for a complex organization with multiple funding sources including government contracts and an affiliate structure with diverse program areas delivered throughout multi-site operations.
- Experience as CFO or other financial executive in a business that sells products or services direct to consumers, preferred.
- Substantial experience overseeing the legal affairs of a complicated multi-divisional organization, including managing external counsel across a wide variety of practice disciplines, including financing, real estate, tax exemption, transactions, employment, general litigation, information technology (commercial contracts and security), and general corporate.
Benefits package including generous paid time off
Participation in Y Retirement plan and 403 (b) savings account upon eligibility
Free membership at all 14 wellness center locations
Discounts on youth programs, summer camps and sports instruction
How to Apply
Click HERE to apply today!
- Date Posted: December 14, 2022
- Type: Full-Time
- Job Function: Accounting / Financial Management
- Service Area: Community Development
- Salary Range: $172,251 - $229,668 annually, depending on experience