YW Boston works to eliminate racism, empower women and promote peace, justice, freedom and dignity for all. We work across racial, gender, religious and social lines with organizations in all sectors to educate people about disparities and provide them with tools to dismantle them. We pride ourselves on being reflective, innovative, outcomes oriented, and passionate about our work.
Reporting to the President & CEO, the Chief Financial Officer (CFO) will build on the YW’s robust financial and investment processes to support the organization in achieving its goals by providing overall leadership, direction, development, implementation and management of finances for YWCA Boston, Inc. and its for-profit real estate affiliate, Clarendon Residences, LLC.
Serving as a member of the Senior Management Team, the CFO initiates and maintains a high level of interaction with the President & CEO, financial partners, Finance Committee and Board. S/he oversees the success of the YWCA and LLC’s financial, business development and government contracting services. Working with the YWCA Boston Board, Finance Committee and the President & CEO, the CFO sets financial goals, objectives, policies, and practice. The CFO also directs the development, implementation, operation and control of essential financial and business information and objectives, supporting their achievement, and measuring and reporting results.
RESPONSIBILITIES AND OUTCOMES
The successful Chief Financial Officer will achieve the following outcomes:
- Demonstrate professionalism and bring professional qualities to the role
- Function as the integrator and navigator of the organization
- Responsible to the Board for the organizations’ short-term and long-term sustainability
- Efficient and effective leader of the Finance and Accounting function
- Effective organizational leader and key member of Senior Management
- Contribute to strategic and management thinking as a Partner to the other Senior Managers
- Balance the responsibilities of stewardship of the organizations’ assets with those of our business partners
- Supervises the Controller who oversees the organization’s accounting office
- Develops and recommends key financial goals, objectives, policies and practices to the Senior Management, Finance Committee and Board.
- Defines and directs the development, implementation, operation and control of Board-approved financial objectives, supporting their achievement, and measuring/reporting results.
- Initiates and follows through on long term financial planning including the development and implementation of appropriate financial systems and controls.
- Manages a relationship portfolio of key financial partners including Fannie Mae, mortgage holders, bankers, investment advisors, auditors and other key financial institutions.
- Facilitates the Board Finance Committee and Real Estate Work Group.
- Oversees and directs the development, implementation and regular, consistent monitoring of annual budgets, major capital expenditures, cash flow management, investment portfolio, financial forecasts and audits.
- Ensures accurate reporting, interpretation, and analysis of financial results in conjunction with budgets, forecasts, and long-range plans.
- Establishes and maintains controls to safeguard assets.
- Negotiates and/or renegotiates significant contracts and financial instruments.
- Through direction of the accounting department, ensures that financial procedures, practices, and records are in full compliance with applicable regulations, laws and standard practices.
- Develops and submits accurate, complete, and timely required financial reports, forecasts, quotations, budgets and analyses.
- Cost-effectively develops, maintains and implements centralized services, systems, and management tools which support operations and contribute to improved cost, quality, productivity, and/or competitive position.
- Provides correct and timely Association financial policies, practices and procedures, including provision of effective controls and internal audit capabilities.
- Effectively manages compliance of financial accounts.
- Some travel is required, primarily local travel in and around Boston.
- Adhere to agency policies and procedures for maintaining organizational culture and transparency.
- Positively represent the Agency in all interactions with the public.
- Support YW Boston fund development through participation in education, outreach, cultivation and stewardship efforts.
- Participate in Agency events and perform additional tasks assigned by the President & CEO.