Chief Financial Officer (CFO)

Posted on: March 22, 2024

Position Status:

Full-Time, Exempt


Twin Cities, MN

Anticipated Start Date:

Open Until Filled

Salary and Benefits:

Salary: $158,000-$168,000 - Benefits include medical, dental, vision, life, disability insurance, holidays, paid time off, and paid family medical leave. Allowable travel costs are reimbursed.

Chief Financial Officer

The Chief Financial Officer (CFO) is responsible for planning and implementing all the financial activities of the organization. This position plays a vital role on the Executive and leadership teams for First Children’s Finance. This position works with other leaders to set the strategic and financial goals for the organization and leads implementation to reach those goals. This position provides financial leadership to the rest of the organizations. This includes tactical planning and directing the functional accounting and finance activities. The incumbent meets regularly with other leaders to monitor performance against goals/budgets.

Essential Functions:
▪Coordinates and supervises monthly/annual accounting and billing for the organization
▪Assure timely and accurate financial reporting that is consistent with generally accepted accounting practices (GAAP), nonprofit law, regulatory agencies, and organization policy
▪Prepares organization-wide annual budget with input from directors and executive team members. Ensures budgets are aligned with organizational goals.
▪Meet with area directors monthly to report and monitor progress against budget
▪Analyzes and recommends changes to programs and strategies based on financial conditions.
▪Prepares financial reports and presents to leadership and the Board of Directors
▪Supervises organizational compliance for Federal, State, and Funders.
▪Maintains general ledger, chart of accounts, and accounting software.
▪Maintains and monitors financial policies and procedures, creating consistencies, efficiencies, and implementing best practices.
▪Establishes and maintains constructive and effective relationships with external vendors and partners, including auditors, funders, bankers, investment advisors, attorneys, and other professional advisors
▪Oversees and certifies the annual external audit and 990 process and report.
▪Provides input into the strategic planning process.
▪Develops and maintains a diverse, effective organization through the selection, training, compensation, review, and motivation of accounting staff.
▪Develops and maintains a program for high-performance standards and sound employee relations at all levels of the organization.
▪Provides positive guidance and direction to employees, assists them in their professional development.
▪Leads and implements major initiatives for the organization as directed by the CEO.

▪Bachelor’s degree in Finance, Accounting, Business or related field, CPA designation, MBA or equivalent preferred.
▪Minimum of Seven (7) years progressively financial management experience. Preferred experience as controller or director of finance.
▪Demonstrated ability to work effectively with community and government officials, volunteers, Board of Directors, senior management, and all levels of a team.
▪History of proven, measurable results for managing growth and aligning finance, and accounting and tools to support strategic business priorities.
▪Proven management abilities in community and government relations; budget development and financial control; staff management and development; strategic planning, and policy making.
▪A strategic thinker and planner as well as an effective implementer.
▪Highly organized, energetic, enthusiastic, with a can-do attitude.
▪Intermediate knowledge of word processing software; spreadsheet software; accounting software, internet software and database software.

Knowledge, Skills, and Abilities:
▪Ability to promote a positive image of FCF and position FCF as a key resource in the field of early care and education.
▪Excellent interpersonal and communication skills.
▪Demonstrated maturity, good judgement, and excellent human relations skills.
▪Ability to think conceptually, portrays good analytical skills, and demonstrates
assertiveness to manage the scope of the responsibilities.
▪Ability to handle multiple demands and priorities and achieve organizational objectives.
▪Ability to read, analyze, and interpret professional journals, technical manuals, or governmental regulations.
▪Ability to write reports, business correspondence, and procedure manuals.
▪Ability to effectively present information and respond to questions from groups of managers, and the public.
▪Ability to be flexible and work collaboratively with a diverse FCF staff, customers, partners and stakeholders.
▪Demonstrated high degree of emotional intelligence.

Work Conditions:
▪Must be able to work on the computer for extended periods of time.
▪Ability to travel when needed.

Additional Notes:
This job description represents the major functions of the position but is not intended to be all-inclusive. This position is also responsible for taking direction from the CEO in completing projects or performing duties deemed necessary for the program and FCF success.

Benefits include medical, dental, vision, life, disability insurance, holidays, paid time off, and paid family medical leave. Allowable travel costs are reimbursed.
First Children’s Finance honors candidates’ time and effort in job-seeking by providing transparency regarding compensation. Creating transparency regarding salary information reduces the gender pay gap, and eliminates salary negotiation, which rarely benefits people of color or women. It is a value of our organization to support equitable hiring practices.

To Apply:
For more information, or to submit your resume and application, please email:
First Children’s Finance is an Equal Employment Opportunity /Affirmative Action Employer