The Chief Financial Officer (CFO) will lead the financial strategy and fiscal operations of the organization. Wesco is a mission-driven non-profit organization focusing on innovative programs, strategic partnerships, and sustainable growth. As a key executive leadership team member, the CFO will oversee all financial and accounting functions, including budgeting, financial reporting, cost reporting, audit coordination, grant management, and compliance. The CFO will ensure that the organization's financial resources are effectively managed to support its mission, long-term sustainability, and ability to implement its innovative business strategy effectively.
This is an excellent opportunity for a forward-thinking financial professional to join a strong, tenured company with exceptional financial stability.
Key Responsibilities:
Financial Strategy & Leadership:
- Drive the development of innovative financial models and revenue-generating strategies to diversify funding sources, including program efficiency, grants, donations, partnerships, and earned income opportunities. Analyze all Wesco programs for performance and efficiency and communicate any changes to the executive team.
- Act as a trusted advisor to the CEO and Board of Directors on financial planning, budgeting, cash flow, investment priorities, and fiscal policy matters. Attend all monthly Board Meetings, Wesco-sponsored events, and fundraisers, and assist in the planning of these events.
- Lead, manage, and evaluate the finance department, including annual research and analysis of salary surveys and comparisons for our and related industry.
- Lead efforts to modernize financial operations, leveraging technology and data analytics to enhance transparency, accountability, and performance.
Budgeting & Financial Planning:
- Oversee the preparation and management of the annual budget, ensuring alignment with the organization's strategic goals. Design and implement innovative financial solutions that support program expansion, operational efficiency, and stakeholder engagement.
- Regularly monitor and report on the financial performance of the company, providing timely and accurate financial statements and forecasts.
- Analyze and interpret financial data to identify trends, risks, and opportunities for improvement.
- Complete and maintain all Wesco Financial Policies, ensuring compliance with all policies.
Financial Reporting & Compliance:
- Ensure the accurate and timely preparation of financial reports, including monthly, quarterly, and annual financial statements and the General Ledger.
- Prepare and file all employers' federal and state reports as required and complete year-end reports.
- Coordinate the annual audit process and cost reporting, liaising with external auditors.
- Maintain compliance with all relevant federal, state, and local regulations, grant requirements, and donor restrictions.
- Oversee all company financial actions, including payroll procedures and processes. Oversee all Client Service Fee Collection to ensure accuracy, being knowledgeable in Medicaid funding procedures and Iowa Administrative Code for funding rules and regulations.
Grant Management & Fundraising Support:
- Manage the financial aspects of grant administration, including budgeting, reporting, and compliance.
- Collaborate with the development team to support innovative fundraising initiatives, providing financial analysis and insights.
- Oversee the financial management of restricted and unrestricted funds.
Risk Management & Internal Controls:
- Implement and monitor effective internal controls to safeguard the organization's assets.
- Identify and manage financial risks, including liquidity, credit, and operational risks.
- Ensure proper insurance coverage and manage relationships with insurers.
Investment & Cash Management:
- Oversee cash flow planning and ensure availability of funds as needed.
- Manage the organization's investment portfolio in line with board-approved investment policies.
- Optimize financial resources to support the organization's mission and strategic priorities.
Qualifications:
- Education: Bachelor's degree in finance, Accounting, Business Administration, or related field required. MBA, CPA, or CMA preferred.
- Experience: Minimum of 5 years of progressively responsible financial management experience, 10+ years preferred, including experience in a senior leadership role, preferably within the non-profit or business sector.
- Skills & Competencies:
- Strong financial acumen and knowledge of non-profit accounting practices, including fund accounting.
- Experience with grant management and compliance.
- Excellent leadership, communication, and interpersonal skills.
- Ability to work collaboratively with a diverse range of stakeholders, including board members, staff, and external partners.
- Proficiency in financial management software, and Microsoft Office with advanced Excel skills.
- Proficiency in payroll management, payroll software, IFRS, GAAP, and financial concepts.
Key Competencies:
- Strategic thinking and problem-solving abilities.
- High ethical standards and integrity.
- Strong analytical and decision-making skills.
- Ability to manage multiple priorities and meet deadlines.
Work Environment:
- Primarily office-based with occasional travel required for meetings, conferences, and other organizational activities and training.
Compensation:
- Salary will be commensurate with experience and qualifications with a range of $100,000-$130,000.
- Benefits include health insurance, retirement plan, generous paid time off, clothing allowance, and professional development opportunities.
Job Type: Full-time
Pay: $100,000.00 - $130,000.00 per year
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