Chief Financial Officer

Corporate Metro, 920 Corporate Lane, Chesapeake, Virginia, United States of America Req #5373

The Y is a dynamic and diverse human service organization committed to nurturing the potential of kids, promoting healthy living and fostering a sense of social responsibility.

CHIEF FINANCIAL OFFICER

OUR CULTURE :

Maximise your chances of a successful application to this job by ensuring your CV and skills are a good match.

Our mission and core values are brought to life by our culture. In the Y, we strive to live our cause of strengthening communities with purpose and intentionality every day.

We are welcoming : we are open to all. We are a place where you can belong and become. We are genuine : we value you and embrace your individuality.

We are hopeful : we believe in you and your potential to become a catalyst in the world. We are nurturing : we support you in your journey to develop your full potential.

We are determined : above all else, we are on a relentless quest to make our community stronger beginning with you.

POSITION SUMMARY :

The Chief Financial Officer (CFO) will serve as a key architect in shaping the financial future of the YMCA of South Hampton Roads, a $57 million nonprofit organization.

This pivotal role will provide strategic direction to ensure the financial health of the organization while driving innovative financial solutions.

They will strengthen existing financial strategies to further advance the YMCA’s mission and vision.

Under the direction of the President / CEO, the CFO oversees all financial operations of the Association, including the creation and execution of financial policies, internal controls, budgeting, accounting, cash and debt management, audits, investments, and tax compliance.

As a key partner to the President / CEO, the CFO provides financial leadership and direction, steering YMCA business operations and long-term goals and initiatives.

They must excel in strategic financial planning, team collaboration, and managing change, with a focus on both "big picture" and long-term perspectives.

Working closely with the leadership team, the CFO ensures collaborative and unified departmental strategies that drive the Association's goals.

Additionally, the CFO plays a critical role in overseeing business pipelines, managing opportunities, and analyzing financial productivity.

The Senior Vice President of Finance reports directly to the CFO.

DIVISION OF DUTIES :

• 50% - Strategic Oversight of Association Finance, Accounting and Budgeting
• 35% - Evaluating and Facilitating Association Financial Business Development Strategy
• 10% - Audit Responsibilities
• 5% - Special Projects

ESSENTIAL FUNCTIONS :

• Strategic Leadership :
• Serves as a key member of the President / CEO’s leadership team, advising the CEO, COO, and senior leaders on all financial matters.
• Develops forward-thinking growth strategies to drive the Association's financial health.
• Leads budgeting, forecasting, financial planning, and investment planning with precision and insight.
• Delivers clear, actionable financial reports to the Board of Directors, Finance Committee, and senior leadership.
• Collaborates with the Chief Development Officer and senior stakeholders to secure funding through grants and donations;

ensuring capital structure (capital stack) solidification.

• Works with C-Suite peers to assist in developing financial controls for employee benefits, legal advisors, and other professional relationships.
• Maintains an automated accounting system for accurate, timely reporting of all transactions, assets, and liabilities in line with GAAP.
• Identifies and mitigates financial risks to protect and strengthen the organization.
• Oversees the preparation of monthly financial statements, including reports for the Endowment, Annual, Capital, and Reserve Funds.
• Reviews and improves internal controls, ensuring policy compliance and recommending enhancements.
• Monitors financial operations, provides analysis, and advises management; collaborates with the COO on financial outcomes and strategic recommendations.
• Manages debt portfolio, including issuances, investments, and leasing; builds and maintains banking and financing relationships.
• Oversees the development of the annual operating and branch budgets, partnering with the SVP of Finance and COO to align budgets with strategic objectives.
• Manages investment of cash and long-term assets within policy guidelines.
• Leads evaluation and redesign of financial business models as needed.
• Prepares financial reports for external agencies (YMCA of the USA, United Way, government) and oversees tax returns.
• Develops strategic plans to ensure business development is responsive and cost-effective for organizational growth.
• Team Development :
• Leads the finance team to achieve individual, departmental, and organizational goals.
• Mentors and inspires the team, fostering a culture of excellence, customer service, and continuous improvement.
• Promotes collaboration between centers and corporate staff, ensuring strong relationships with senior leadership, peers, and subordinates.
• Committees and Community Involvement / Relationships :

Works with Finance and Audit Committees, and Endowment Trustees to build volunteer relationships, develop policies, and ensure their effective implementation.

Manages auditor, banker, and investment counselor selection processes and maintains strong working relationships with them.

YMCA CAUSE DRIVEN LEADERSHIP COMPETENCIES :

• Inclusion
• Engaging Community
• Critical Thinking and Decision Making
• Communication & Influence
• Functional Expertise
• Fiscal Management

QUALIFICATIONS :

• Bachelor’s Degree in accounting, business, finance or equivalent required; Certified Public Accountant designation required; MBA preferred
• Ten years progressive experience in accounting and financial leadership. Experience with non-profit organizations preferred
• Demonstrates successful experience in operational and strategic management, operational and capital budgets, financial development, staff supervision / training, and fiscal management
• Demonstrated effective team building and team leadership skills
• Proven ability to think strategically and creatively, working with abstract and concrete concepts
• Knowledge and understanding of general business matters required including budget development, financial reporting, internal controls, cash management and investments, business taxes, banking and debt financing instruments
• Strong human relation skills to facilitate positive relationships with community organizations, participants, members and staff

PREFERRED ATTRIBUTES :

• A person of maturity and good judgment, who can operate with minimum guidance
• Maintain cooperative, functional relationships with senior leadership team, peers, and subordinates
• Must have superior oral and written communication skills and the ability to respond to a wide variety of constituencies
• Demonstrated ability to establish credibility and influence across all levels of the organization
• Experience driving change, leading programs, improving processes, and working collaboratively across multiple functions to gain commitments and implement sustainable change
• YMCA Organizational Leader certification preferred or ability to obtain within 3 years

WORKING CONDITIONS :

• Will be in contact with all levels of staff, board members, guests, vendors, business associates, applicants, and visitors
• Must be able to work beyond normal working hours, weekends and holidays as needed for early morning meetings, extended weekday meetings / trainings or weekend trainings / meetings

PHYSICAL REQUIREMENTS :

• Prolonged periods sitting at a desk and working on a computer.
• Ability to stand or sit for long periods of time.

ACCOUNTABILITY :

Accountable for completion of assigned goals as measured by the impact to community, cause driven measures, service satisfaction and / or employee experience scores, operating results, and supervisor evaluation of assigned duties.

BACKGROUND CHECKS :

An offer of employment is contingent upon receipt of satisfactory results to meet the minimum requirements of the position.

They may include criminal background and reference checks, E-Verify, drug tests, driver’s license records, and / or a Child Protective Services Check (CPS).

Additional driver’s license checks, CPS, criminal background checks, alcohol, and / or drug testing may be required to be processed in the future in order to meet and / or maintain the requirements of this position.

The YMCA of South Hampton Roads is an Equal Opportunity Employer. In order to provide equal employment and advancement opportunities to all individuals, employment decisions at YSHR will be based on merit, qualifications, and abilities.

YSHR does not discriminate in employment opportunities or practices on the basis of race, color, religion, sex, national origin, age, disability, sexual orientation, gender identity, veteran status or genetics.

Please Note : Requirements, skills, and abilities described above are representative of those that must be met by an employee to successfully perform the essential functions of this position with or without reasonable accommodation.

In no instance, however, should the duties, responsibilities, and requirements be interpreted as all-inclusive.

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