Chief Financial Officer - Covenant House Michigan

Company: Quatrro HR Services
Location: Detroit
Posted on: September 21, 2023

Job Description:

Our client,, is seeking a Chief Financial Officer (CFO) to manage the organization's accounting and finance activities, including reporting, budgets, investments, cash management, audits, and asset management. Reporting to the Executive Director, the CFO will work collaboratively with all leadership team members to ensure the organization's efficient and sustainable operations.The ideal candidate will be a mission-driven, detailed-orientated, highly collaborative leader with exceptional strategic and financial acumen and demonstrated talent for continuously improving finance systems. Additionally, the CFO will mentor the finance team, helping them achieve their professional goals and work at their optimal capacities.CHM provides youth facing homelessness with shelter, educational, and vocational programs. CHM is committed to providing immediate sanctuary and trauma-informed services for all children and youth facing homelessness and those at risk of becoming unstably housed who seek help.RESPONSIBILITIESFinance and Accounting:

• Develop and administer financial management policies and procedures aligned with corporate guidelines;
• Recommend and implement systems and controls to ensure accurate accounting for various grantors, funding streams, and efficient financial operations;
• Oversee prudent fiscal management to maintain a positive and strong financial position;
• Direct and oversee the financial audit;
• Analyze financial information and recommend corrective measures;Financial Reporting and Budgeting:
  • Manage the monthly financial close process, including preparing monthly reports such as budget comparisons and trend analyses, while overseeing the finance team's month-end financial close bookkeeping;
  • Work closely with the Development Team to develop grant budgets and provide timely and accurate financial reports to funders and grantors.
  • Lead efforts to increase financial literacy across the organization to promote effective budget management and develop internal leadership;
  • Develop annual operating and capital budgets with the Executive Director and department directors.Organizational Leadership:
    • Provide strategic leadership and vision to the finance team, fostering a culture of excellence and collaboration;
    • Collaborate with executive leadership to align financial strategies with the organization's overall mission and goals.
    • Promote and maintain a healthy organizational culture that values diversity, inclusion, and continuous improvement;
    • Serve as a key advisor to the Executive Director and BoD on financial matters, offering insights to support informed decision-making;Talent Management:
      • Develop and implement talent management strategies to attract, retain, and develop high-performing finance professionals;
      • Foster a culture of continuous learning and professional growth within the finance department;
      • Conduct performance evaluations, set goals, and provide regular feedback to promote career development and excellence;
      • Identify skill gaps and training needs within the finance team and coordinate relevant training and development initiatives.Strategic Planning:
        • Collaborate with the Executive Director and leadership team to develop the organization's strategic plans, goals, and budget;
        • Execute the implementation of the strategic plan, goals, and objectives;
        • Ensure that financial forecasts are aligned with long-term organizational goals.Board Management:
          • Interface with the Board of Directors through various committees and task forces, and attend/present at CHM Board meetings, including Board Finance Committee meetings;
          • Execute orders and resolutions of the BoD and national corporation as applicable.Investments:
            • Ensure adherence to the Investment Policy approved by the BoD;
            • Reconcile investments on a monthly basis and report to BoD and executive leadership accordingly.QUALIFICATIONS:
              • A minimum of 8 years of senior leadership experience in finance, including forecasting, fiscal management, and analysis;
              • Experience as a senior executive in nonprofit organizations, showcasing a track record of service and an entrepreneurial approach in crafting strategic plans, business policies, and practices;
              • Extensive professional experience in finance, accounting, budgeting, and cost control principles, with a strong grasp of GAAP (Generally Accepted Accounting Principles);
              • Strong grants tracking and reporting experience; a plus to have experience with local, state, and federal grants;
              • Comfort working with a diverse population with myriad backgrounds and lived experiences;
              • Awareness of and sensitivity to the needs of homeless and at-risk youth that CHM serves; and
              • Bachelor's degree in accounting, finance, or related field required; Master's degree preferred.Click to learn more about this opportunity.Covenant House Michigan is an Equal Opportunity Employer committed to a culturally diverse workforce. They are committed to providing an inclusive environment based on mutual respect for all candidates and team members. All qualified applicants will receive consideration for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, height, weight, marital status, gender identity expression, disability status, protected veteran, or other legally protected status by state or federal law.--------------------------------
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Keywords: Quatrro HR Services, Detroit , Chief Financial Officer - Covenant House Michigan, Accounting, Auditing , Detroit, Michigan