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Chief Financial Officer - Detroit Michigan
Company: Access Philanthropy
Location: Detroit, Michigan
Posted On: 05/05/2024
Chief Financial OfficerUnited Way
for Southeastern Michigan
The Organization
About United Way for Southeastern Michigan
To mobilize the caring power of Detroit and Southeastern
Michigan to improve communities and individual lives in measurable
and lasting ways.
In Southeastern Michigan, 40 percent of families struggle to
meet their basic needs. United Way for Southeastern Michigan is a
catalyst for change, mobilizing a network of hundreds of partners
and thousands of donors, advocates, and volunteers to advance
equitable communities where households are stable, and children
thrive. As one of the leading nonprofits in the state of Michigan,
United Way for Southeastern Michigan works on integrative solutions
to solve some of the region's toughest challenges. In October 2023,
United Way for Southeastern Michigan and United Way of Washtenaw
County merged into a single United Way for Southeastern Michigan
serving Macomb, Oakland, Washtenaw, and Wayne counties. With
locations in Detroit and Ann Arbor, United Way for Southeastern
Michigan draws distinguished campaign partners from the auto,
manufacturing, technology, financial, education, and professional
services sectors.
We Live United for universal success and prosperity in
Southeastern Michigan. To that end, we work with public, private
and nonprofit partners to help families become stable and ensure
children have the support they need to thrive. As an organization,
we operate by the following guiding principles:
- People-First
- Community-oriented, impact focused, accountable to households,
children, stakeholders, and staff, with a deep commitment to
diversity, equity, and inclusion.
- Equity and Inclusion
- Committed to practices that disrupt unfair systems and provide
access to opportunity for all.
- Collaboration
- Focused on continuous and active partnerships.
- Innovation
- Taking the lead, challenging the status quo, focused on
continuous improvement.
United Way for Southeastern Michigan mobilizes the caring power
of Detroit and Southeastern Michigan to improve communities and
individual lives in measurable and lasting ways. Engaging people,
communities, and organizations, we are focused on meeting the needs
of children and their families and creating the conditions
necessary for success.
United Way for Southeastern Michigan partners with people and
organizations who bring the passion, expertise, and resources
needed to make a difference. Bringing public, private, and
nonprofit partners together across Macomb, Oakland, Washtenaw, and
Wayne, Counties to tackle problems as a team.
For additional information regarding the United Way for
Southeastern Michigan, please visit
The Opportunity
Position: Chief Financial Officer
Locations: Detroit & Ann Arbor, MI
Reporting Relationship: Chief Executive
Officer
Website:
Purpose of the PositionThe Chief
Financial Officer (CFO) is a senior executive responsible for the
financial activities of the organization, directing the preparation
of financial reports and summaries, and forecasting future results.
It works collaboratively with the executive team to create and
implement business initiatives in a financially responsible manner.
The CFO effectively balances strategic responsibilities with the
tactical day-to-day and demonstrates a sense of urgency to ensure
support functions do not impede operational results.
The CFO collaborates closely with other senior executives
including the Chief Executive Officer (CEO), Chief Development,
Diversity, and Engagement Officer, and the Chief Operating Officer
and Executive Vice President. This organizational leader will
partner with the Audit, Finance, and Investment Sub-Committees, sit
on the CEO's Cabinet, and lend their knowledge, insights, and
strategic thinking to high-level organizational
discussions/decisions.
Key ResponsibilitiesSpecific duties and
responsibilities of the role include, but are not limited to, the
following:
Executive Leadership
- Oversee the performance, development, and engagement of the
Finance team with a focus on delivering exceptional customer
service and internal capacity building.
- Effectively communicate financial reports to the Board of
Directors, Audit, Finance and Investment Sub-Committees and senior
leadership team.
- Partner closely with Information Technology and Fund
Development teams to modernize the tools, processes, practices, and
digital infrastructure to manage organizational resources and
deliver exceptional customer service.
- Support leadership in strategic and operational initiatives to
ensure infrastructures adequately support the organization's
needs.
- Evaluate and implement financial aspects of new
business/program opportunities.
- Represent the organization to financial partners, including
financial institutions, funders, auditors, public officials,
etc.
- Lead, direct, and supervise assigned team members including
recruitment of key team members, developing, and coaching team
members to create a motivated, high-performing team that can reach
the strategic goals and objectives of UWSEM.
Accounting and Finance Management
- Oversee all areas of financial management for the timely and
accurate monitoring of expenditures, procurement, internal/external
cash flow, payments to vendors, billing, and all other areas in
keeping with the highest standards; maintain custody of all monies
and assets of UWSEM and oversee the receipt/disbursement of all
funds.
- Directs the preparation of all financial statements, including
income statements, balance sheets, shareholder reports, tax
returns, and governmental agency reports, and assure consistency
and accuracy with Statement of Grant Awards, budgets, and contracts
entered by UWSEM.
- Compares budget projections to actual figures and makes or
oversees any necessary adjustments to future projections and
budgets.
- Studies long-range economic trends and projects their impact on
the future results of the organization. Ensure constant financial
analysis, conducting forecasting and risk analysis, to support
effective decision-making and the provision of strategic
recommendations.
- Oversee all areas of financial management for the timely and
accurate monitoring of expenditures, procurement, internal/external
cash flow, payments to vendors, billing, and all other areas in
keeping with the highest standards.
- Manage cash flow planning, investments, asset management,
financing strategies and activities, banking relationships, and
ensure availability of funds as needed.
- Ensure that financial compliance issues/concerns within the
organization are being appropriately evaluated, investigated, and
resolved, including the development of strategic controls,
processes, and procedures.
The Candidate
Experience and Professional QualificationsUnited Way
for Southeastern Michigan seeks a highly skilled and experienced
Chief Financial Officer (CFO) to join the organization as a
critical member of the senior leadership team. The ideal candidate
will have experience and qualifications in line with the below:
- Ten or more years of experience in financial management with
increasing levels of responsibility. Prior experience serving in
the role of Chief Financial Officer (or equivalent) is highly
preferred.
- Experience in organizations with comparable size, scope, and
financial complexity. Non-profit experience with organizations
impacted by fundraising and grant accounting is a plus.
- Demonstrated financial and accounting acumen, including
budgeting, financial analysis, reporting, compliance, and
negotiation skills.
- Progressively responsible record of demonstrated successes
supporting a diverse workforce modeling key behaviors in diversity,
equity, and inclusion initiatives.
- Demonstrated experience in process improvement and
technological innovation within the finance function.
- Superior presentation and people skills are essential; this
includes the capacity to effectively translate complex technical
language and issues into terms that are easily understood and
actionable, and the ability to build effective relationships with
corporate officers, leaders, board members, vendors, and others
inside and outside of United Way.
- A thought leader with a proven record of leading through change
and ambiguity. Possesses a broad blend of technical expertise,
business acumen, and leadership skills.
- A working knowledge of complex accounting and payroll systems
as well as standard office software packages, particularly
Microsoft Excel and Word.
- Excellent oral and written communication skills, including
listening, and an ability to communicate effectively with and at
all levels of the organization.
- A track record of problem-solving. An analytical mindset.
- Effective negotiation skills with vendors, contractors,
consultants, and others, and a demonstrated ability to outsource as
needed.
Personal Attributes
The Chief Financial Officer demonstrates:
- A deep set of positive and guiding core values and principles,
and a commitment to United Way for Southeastern Michigan
mission.
- An unparalleled work ethic.
- Entrepreneurial savvy with a desire to further establish,
develop, and implement innovative systems and processes within the
organization.
- A commitment to community engagement and a willingness to
partner with other UW SEM leaders in community events.
- A self-motivator, creative, cooperative, and collaborative
problem solver.
Key Relationships
Staff Direct Reports
- Senior Director, Finance
- Director, Financial Compliance
- Senior Manager, Accounting
- Financial Analyst
United Way for Southeastern Michigan Senior Leadership
Team
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