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Position Opening: Chief Financial Officer | Network Headquarters

by | Oct 5, 2023 | Careers Archive, Network Headquarters

Getting ready for the walk to the St. Louis Arch for the Walk to Hope kickoff, is team members from across the network

About Us

Boys Hope Girls Hope addresses the achievement and workforce development gaps by acting as a bridge to opportunity. Founded in 1977 in St. Louis, Missouri, for nearly 50 years Boys Hope Girls Hope has helped young people succeed in school and in life. We partner with families that face significant social and environmental barriers which impede a young person’s ability to realize his or her potential. The program makes a long-term commitment to being there for each young person from middle school, through high school, college, and into their early careers. 
 
We have one program with two unique but complementary pathways to meet young people’s needs. Our Academy provides year-round, out-of-school time programming. Our Residential pathway serves as the primary home for scholars who receive round-the-clock care in a structured and loving environment. We provide scholarships, wrap-around support and connections to internships and jobs for post-secondary/collegian students.  
 
The Boys Hope Girls Hope Network includes more than 250 team members, including paid employees and long-term volunteers, working together to serve 1,200 young people in multiple cities across the United States, Guatemala, and Mexico.

MISSION

To nurture and guide motivated young people in need to become well-educated, career-ready men and women for others.

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QUICK FACTS

Deadline: Open Until Filled
Status: Regular Full-Time
Type: Senior Level/Executive
Location: St. Louis, MO
Travel: Occasional

Job Description

The Chief Financial Officers (CFO) furthers the mission of Boys Hope Girls Hope by ensuring proper stewardship of resources and compliance with all legal and corporate obligations regarding financial matters. The CFO will participate in the development of the organization’s plans and programs by providing strategic financial input and leadership on decision-making issues affecting the organization.

Key aspect of monitoring will be to supervise monthly quality checks and close the books for 13 US affiliates. Will report in timely manner to affiliate leadership and Boys Hope Girls Hope President & CEO on financial health of each affiliate.

The CFO will develop, implement and monitor the effectiveness of the systems, tools and procedures to facilitate sound fiscal management. The position reports to the President & CEO and is responsible for the financial planning, analysis, reporting activities, and general accounting for Boys Hope Girls Hope Network Headquarters, and oversight and delivery of all financial services to its affiliates.

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Key Responsibilities

The Chief Financial Officer will be relied on to fulfill their responsibilities of leadership by providing:

Support sound financial oversight and decision-making across the Boys Hope Girls Hope Network by:

  • Recommending, documenting, implementing, and monitoring financial policies and management procedures
  • Conducting regular financial analysis and reporting that informs the President & CEO, the Treasurer and Finance Committee, Network Board, and team members with regard to fiscal health, operational activity, and strategic decisions
  • Advising President & CEO and Finance committee on the selection of key advisors, such as audit partners
  • Maintaining current knowledge of regulatory requirements and industry trends
  • Bidding, placing, and maintaining property/casualty/general liability and specialty insurances for network headquarters and affiliates

Ensure that Boys Hope Girls Hope Network Headquarters is a good steward of resources as signified through clean audits, good practices and procedures, low-cost operations, and compliance with all relevant regulations, by:

  • Carrying out all accounting functions (revenue/expense entry, payables, receivables) in compliance with GAAP, FASB, IRS regulations, and the BBB Standards for Charity Accountability
  • Following the Finance and Accounting Policies and Practices as adopted by the Finance Committee, which include:
    •  A review of all vouchers, invoices, and checks
    • Maintain the vendor Masterfile including managing changes
    • With Senior Accounting Clerk, review list of pending payables and process check disbursements
    • Prepare all bank and investment account reconciliations
    • Reconcile the other asset and liabilities accounts on the balance sheet
    • Reconcile deposits recorded in QuickBooks against donor records in Salesforce
    • Prepare and post journal entries necessary to record activity in the accounts, including payroll, wires, stock donations, and EFT disbursements
    • Prepare and maintain files of all financial reports
  • Completing and maintaining all financial filings, federal and state tax, corporate registration, federal and state tax-exempt status, and licenses with assistance from external advisors
  • Providing supervision and support to teams conducting accounting and finance functions, delegating activities as appropriate
  • Overseeing the preparation of the annual budget in partnership with the President & CEO and designated team members
  • Preparing for and presiding over the annual audit in conjunction with an independent audit company
  • Assuring compliance with established investment policies and overseeing the sale and transfer of investment funds as directed by the Investment Committee

Ensure affiliate satisfaction with the quality of support services required under the Administrative Services Agreement:

  • Establishing and maintaining regular communication with affiliate Executive Directors, Board Treasurers, finance and accounting team, and external auditors

  • Overseeing timely review of monthly packet and preparation of month-end financial statements for review by affiliate Executive Directors and Boards

  • Providing support to affiliates in the audit process

  • Providing technical, financial advice and knowledge on financial and accounting matters

  • Managing the daily accounting activities of affiliates on a contracted basi

Ensure healthy affiliate fiscal performance, compliance and stewardship of assets:

  • Monitoring business and finance indicators of the Performance Management Tool

  • Conducting quality checks of monthly financial performance to identify and troubleshoot potential problem areas relating to business and finance functions, trends, issues, and errors, and reporting such to International President & CEO and affiliate leadership

  • Delivering orientation to new affiliate Executive Directors and finance team and providing ongoing education and training of affiliate teams assigned fiscal responsibility

Key Characteristics

This position requires the following competencies for success:

  • Proactive and positive attitude with good people skills
  • High level of integrity and professionalism, including professional work habits
  • Excellent attention to detail
  • Ability to handle confidential and sensitive business information
  • Strong problem-solving and critical thinking skills
  • Strong written and verbal communication skills, with the ability to clearly and concisely convey complex information and to make financial information accessible to non-finance people
  • Culturally competent, with the ability to work with a variety of internal and external constituents, including teams, professional peers, affiliate leadership, volunteers, and service providers
  • Ability to delegate, supervise, and provide constructive feedback to team members
  • Able to manage competing priorities and lead several projects and activities at the same time
  • Knowledge of various business insurance needs
  • Computer proficiency and familiarity with Microsoft Office products for word processing, spreadsheets, e-mail, and internet applications
  • Knowledge and working experience with QuickBooks, and Salesforce

Qualifications

Required:

· Bachelor’s degree in accounting or related field

· Must have a deep and overall understanding of accounting practices and financial management gained through at least eight (8) years of progressive experience

Preferred:

· Advanced degree in business, accounting, or a related field

· Experience within the nonprofit field

• Applicants must reside in the Greater St. Louis Metropolitan Area.

 

Benefits & Applying

Visit our careers page to learn more about our benefits and application process. Or, click the APPLY button below, select the position you are applying for from the career search dropdown, and click Submit Resume button. Be prepared to include a cover letter and salary requirements for consideration. We can’t wait to hear from you!  
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EQUAL EMPLOYMENT OPPORTUNITY AND NON-DISCRIMINATION 
Boys Hope Girls Hope is an equal opportunity employer. Applicants are considered for any position applied for without regard to race, ethnicity, color, national origin, ancestry, religion, sex, age, disability, military service, sexual orientation, marital status, genetic information, or any other basis prohibited by Federal, state, or local law.  Learn more about our commitment to Diversity, Equity and Inclusion.
Boys Hope Girls Hope Network Headquarters

The Boys Hope Girls Hope Network is constantly growing with team members, including paid employees and long-term volunteers, working together to serve an ever-increasing population of young people across the United States, Guatemala, and Mexico. With your enthusiasm to join us, our potential for an even wider reach is limited to nothing!