Children's Literacy Initiative
Chief Financial Officer, Children’s Literacy Initiative
Reporting directly to the CEO, and serving as a member of the leadership team, the Chief Financial Officer (CFO) is a critical leadership role that will serve as a strategic thought partner and support CLI as it grows and deepens its impact. The CFO oversees a growing $26M organization with multiple funding sources (federal, philanthropic and fee-for-service), and is responsible for leading financial planning, analysis, reporting, accounting, treasury, compliance and human resources. The CFO manages a team of 6 and is based in the Philadelphia headquarters.
Responsibilities and Duties
1. Strategic Leadership
- Serve as a valued thought partner to the CEO and leadership team in developing and evaluating strategic goals and objectives, with specific ownership of financial and human resources goals
- Work with Board of Directors and act as the primary liaison to the Finance Committee to communicate complex timely information in clear and compelling ways
- Set the strategic direction and provide oversight for the organization’s human capital strategy, including recruitment, retention, compensation practices and benefits management
- Lead analysis and contribute to negotiations regarding potential strategic partnerships, licensing agreements and other potential income streams
2. Financial Management
- Lead budgeting, forecasting, analysis, reporting and long-range planning
- Develop tools and systems to provide internal and external stakeholders with critical reports and analytics to inform decision-making
- Work closely with the leadership team and staff to enhance systems to accurately develop and track expenditures against grant and program budgets throughout the grant/fund period
- Lead the negotiation of cost effective coverage and contracts with multiple vendors, including insurance carriers and equipment vendors
- Provide oversight of all accounting, payroll and audit activities and reporting; ensure accuracy and compliance with appropriate GAAP standards and regulatory requirements
- Lead cash flow planning and forecasting; oversee cash, investment and asset management
- Establish effective policies and processes and ensure strong internal controls over all of CLI’s accounting procedures
4. Human Resources
- Provide oversight of HR for an organization nearing 200 employees and 65 contractors in multiple states
- Establish CLI’s personnel policies, procedures and practices, as well as compensation structures and benefits programs necessary to hire, onboard, develop and retain a superior workforce
- Oversee the organization’s compliance with federal, state and local legislation pertaining to all personnel matters
5. Team Leadership
- Inspire, mentor and lead the finance and HR teams
- Clarify roles and responsibilities, establish and monitor performance goals and implement professional development to set employees up for success and professional growth
- Collaborate effectively with the leadership team to build and lead an organization that is strong, growing and dramatically changes the literacy outcomes for children
- Core Competencies and Qualifications
Bachelor’s degree in Finance or Accounting with CPA, MBA, CMA or equivalent experience required
Training & Experience
- At least 7 years of progressive finance/accounting experience, with at least 3 years in a management role
- Experience in a complex nonprofit organization with multiple programs is preferred
- An understanding of compliance and reporting of government, corporate and foundation grants is preferred
- Exceptional analytical and problem-solving skills, as well as advanced financial modeling skills
- Excellent interpersonal and communication skills
- Proven project management skills with the ability to translate strategies from plans to action, and to implement them with strong attention to detail
- Ability and desire to translate complex financial concepts to individuals at all levels including finance and non-finance managers
Compensation and Benefits
- Salary and benefits will be competitive and commensurate with experience.
- CLI has a strong work/life balance culture — they offer all employees in eligible positions the option to work remotely one day a week, and provide 6 weeks of paid vacation plus 8 paid holidays for all Director-level employees. CLI also offers a generous and comprehensive benefits package which includes an employer paid 403(b) plan (no employee contribution required); professional development, life and long term disability insurance; and full employee health coverage: dental, medical and vision.
Children’s Literacy Initiative is an Equal Opportunity Employer with a strong commitment to diversity in the workplace and welcomes candidates from diverse backgrounds.
Stay Current in Philly's Higher Education and Nonprofit Sector
We compile a weekly email with local events, resources, national conferences, calls for proposals, grant, volunteer and job opportunities in the higher education and nonprofit sectors.