TU Foundation Vice President and Chief Financial Officer

Responsibilities and Duties

Strategic Leadership :

• Collaborate with the Executive Vice President and the Foundation Board of Directors to develop and execute the Foundation’s strategic plan.
• Lead the operational planning process to align Foundation resources with strategic priorities and goals.
• Provide leadership and guidance in organizational development, creating a positive and high-performance work culture.

Board and Stakeholder Engagement :

• Provide regular updates and reports to University Leadership and Board of Directors on operational performance, challenges, and opportunities.
• Collaborate with the EVP to support board development, ensuring the board is well-informed and engaged in the Foundation’s mission and activities.
• Serve as a key point of contact for key stakeholders, including donors, partners, and vendors, fostering strong relationships and enhancing the Foundation’s reputation.
• Prepare for and attend board and committee meetings, including, but not limited to, quarterly budget reports on Foundation operations.
• Serve as the staff liaison to various committees of the Foundation Board as assigned, including Budget, Finance, and Operations;

Investment and Spending; and Executive Committees.

Financial Leadership :

• Partner with the EVP and Foundation Treasurer to manage the Foundation’s finances, ensuring financial health and long-term sustainability.
• Oversee the development and management of the Foundation’s annual budget, ensuring transparency, accountability, and alignment with the organization’s priorities.
• Ensure financial reporting and forecasting meet the needs of internal and external stakeholders, including the University President and CFO, the EVP, the Foundation’s Board of Directors, and donors.
• Identify and mitigate financial risks, ensuring compliance with legal, regulatory, and audit requirements.
• Provide quarterly reports regarding investment decisions and returns, in conjunction with the Investment and Spending Committee Chair.
• Calculate annual Endowment Spendable Income in accordance with Board approved policy, for presentation and review of the Investment and Spending Committee, and for ultimate approval by the Board of Directors.

Operational Management :

• In conjunction with the EVP and Foundation Treasurer, lead budgeting and financial management processes, ensuring that resources are effectively allocated and aligned with the foundation’s mission and goals.
• Ensure compliance with all regulatory, financial, and legal requirements, fostering an ethical and accountable operational framework.
• Maintain strong vendor and partner relationships, negotiating contracts and managing service agreements to ensure quality and cost-effectiveness.
• Prepare annual reports to include Foundation financials and operational and program achievements.
• Complete and file all necessary tax documents annually, including charitable registries, IRS Form 990, and IRS Form 5500.
• Oversee all aspects related to the annual audit of the Foundation’s financial statements.
• Prepare for and participate in periodic internal control audits performed by the University System of Maryland (USM).
• Compile data and complete annual compliance reports required by the University System of Maryland as outlined in the Board of Regents Policy on Affiliated Philanthropic Support Foundations.
• Maintain and implement all Board approved policies and procedures, communicate said policies and procedures to the appropriate University personnel and provide guidance, where necessary, to ensure compliance.

Human Resources and Talent Management :

• Oversee the Foundation’s human resources strategy, ensuring alignment with organizational values, culture, and strategic goals.
• Provide leadership on workforce planning, talent acquisition, retention, and professional development to foster a high-performing, engaged, and inclusive workplace.
• Implement practices that promote diversity, equity, and inclusion across the Foundation’s operations and programs.
• Serve as a mentor and coach to staff, building leadership capabilities within the organization.

Qualifications and Skills

Required Qualifications :

• Bachelor’s degree in business administration, nonprofit management, public administration, or a related field
• A minimum of 10 years of progressively responsible experience with 5+ years of senior leadership, preferably within a foundation, nonprofit, or philanthropic organization
• Thorough knowledge of U.S. Generally Accepted Accounting Principles (GAAP)
• Advanced Microsoft Excel skills
• Excellent communication and interpersonal skills, with the ability to engage and inspire staff, board members, and external partners
• Strong decision-making and problem-solving skills, with the ability to navigate complex operational challenges
• Proven ability to lead high-performing teams and foster a positive organizational culture
• Mission-driven and aligned with the values and vision of the Foundation
• Collaborative, innovative, and forward-thinking
• Highly organized and detail-oriented, with the ability to manage multiple priorities in a fast-paced environment
• Adaptable and flexible, with a solutions-oriented approach to leadership

Preferred Qualifications :

• A CPA or MBA
• Experience with Non-Profit financial systems (Blackbaud Financial Edge NXT and Blackbaud Award Management)

Organization : University Advancement Division

Primary Location : Main Campus

Job Posting : Nov 11, 2024