Senior Vice President and Chief Financial Officer

Description

The YMCA of Metropolitan Dallas, established in 1885, consists of 16 branches and 2 destination camps - all dedicated to building healthy, confident, connected, and secure children, adults, families, and communities.

We are currently hiring a Senior Vice President and Chief Financial Officer at the Dallas YMCA Association Office.

The Senior Vice President / Chief Financial Officer (CFO) is a direct report to the President / Chief Executive Officer (CEO) and a member of the Organization Advancement Team (OAT).

This role works closely with the CEO regarding the financial matters of the Association. The CFO coordinates, manages, and supervises the systems, procedures, and personnel relating to the corporate finance functions.

The organization seeks a strategic CFO with a track record of organizing a growing organization to meet future expansion.

The CFO is responsible for aligning financial reserves with the mission and vision of the organization and for identifying concrete ways to engage in increasing financial reserves and cost-savings, such that the YMCA of Metropolitan Dallas continues to be a stable, sustainable organization with longevity.

The CFO must also support an organization-wide culture that brings financial literacy to all departments and the administrative office.

ESSENTIAL FUNCTIONS :

Monitors monthly financial operations, prepares analyses, and reports, and gives guidance to executive and operations staff.

Works closely with operations staff on issues that affect financial outcomes. Prepares specific recommendations.

Works directly with assigned committee(s) of the board. Serves as the primary staff representative for the Finance and Investment Committees.

Also actively engages with the Risk Committee.

• Serve as internal consultant to senior staff, Board, and other key stakeholders on all financial matters, making recommendations and suggesting pro-active strategies to protect and grow the Y.
• Identify and set supplemental funding strategies for capital projects to include debt financing and fundraising initiatives.
• Reviews, updates, and / or develops internal control systems for the YMCA and oversees internal audits checking compliance on a variety of policies and standards.

Provides recommendations for improvement.

Oversees and certifies the annual audit and 990 tax filing, meeting periodically with the organization's auditors in maintaining communications and keeping them informed of changes in the Association.

Ensures that current accounting standards and legal requirements are met.

• Manages investments, under the direction of the Investment Committee and the board approved Investment Policy.
• Explore and suggest how the Y can invest its reserves and resources to generate passive income.
• Evaluates current business models and leads efforts to modify or redesign business models when necessary.
• Oversees the development of the annual operating budget, including all branch budgets. Works closely with operations staff to ensure that operating budgets are deliberate, accurate, and prepared in a timely manner.
• Manages tax-exempt bond transactions and files all necessary reports when applicable. Establishes, maintains and / or monitors all banking and financing relationships ensuring compliance with all covenants and regulations.
• Works with the Sr. VP / Chief Operating Officer on annual negotiation and renewal of insurance policies.
• Maintains all necessary records and accounting reports and records all transactions on a timely basis including, but not limited to, annual reports to the YMCA of the USA, Community Benefits statement, and Annual Report of the organization.
• Maintains healthy, transparent working relationships with Governance Board members, auditors, bankers, investment counselors, attorneys, and other professional advisors.
• Build and maintain relationships with banks, donors, vendors, outside consultants and others as needed.
• Keep up with new trends in the financial industry by attending conferences, participating in professional development, and sharing information with the senior leadership team.
• Represent the YMCA and the Association Office with key community organizations, at Y branch locations, and events as required.

Requirements

• Bachelor's degree in business, finance or equivalent, and Certified Public Accountant, Certified Management Accountant, and / or Master of Business Administration designation preferred.
• A minimum of seven to ten years in senior-level financial management, preferably in one of the top finance roles, of a similar size / scope service-intensive, multi-site, multi-faceted organization.
• Well-rounded, relevant functional experience and demonstrated success in the areas of financial management; accounting;

financial and operational analysis; staff and leadership development; strategic planning; quality and risk management.

• Exceptional leadership skills, including : the ability to work with internal and external leaders to craft a vision and engage others in it;
• impeccable character and integrity; the ability to motivate and inspire others; strong team-building skills; excellent interpersonal, relationship-development skills;

and sound business judgment.

• Outstanding communication skills (written, oral, formal presentations, listening); the ability to convey a vision, position, and clear message and inspire others to support it.
• Strategic thinking acumen and strong analytical skills combined with the ability to execute a plan and allocate resources appropriately.
• A track-record of outstanding people management, including the ability to : motivate and engage others, lead change; create a high performance organization;
• hire and develop exceptional talent; make decisions; operate with the highest ethics and integrity; build trust and consensus;

effectively delegate and empower.

• Ability to work effectively and constructively with a volunteer board and finance committee to further the Ys mission, strategic plan, and financial sustainability.
• A demonstrated track record of effectively managing bank relationships, negotiating lending deals with banks, working with a wide range of financing instruments and parties, and negotiating a wide range of contracts.
3 days ago