Chief Financial Officer (CFO)

Food Bank
City
Philadelphia
State
Pennsylvania
Title
Chief Financial Officer (CFO)
Description

The role of the Chief Financial Officer (CFO) is a tremendous opportunity for a well-rounded senior financial leader with superb strategic planning experience and business acumen to serve as a key member of the executive team. Philabundance is a well-known and critically needed Philadelphia based nonprofit organization. With an operating budget of $17M (expected to be $20M in 2021) and 115 employees, Philabundance is a growing organization under new leadership. As a member of this dynamic team, the CFO will have the ability to make a real difference in the lives of hundreds of thousands of individuals and families across the southeastern Pennsylvania and New Jersey.

End date
Opportunity type
Job
Category
Administration (e.g., Finance, IT, HR)
Executive Director / CEO / Other C-Level Executives
Job responsibilities

The Chief Financial Officer is the organization’s top financial leadership position and serves as the strategic ‘business partner’ for the Executive Director, providing managerial and operational leadership/oversight in matters pertaining to the financial and economic sustainability of the organization. The CFO is responsible for planning, directing, and coordinating the activities related to accounting, fiscal reporting, debt management, and treasury functions (including cash management, investments, banking relationships, business licensing administration, sales tax administration, real estate, risk management and insurance, and purchasing).
This position oversees all company financial practices, including accounting department policies and procedures, preparation of budgets, development of financial reports and tax filings, and management of external/internal audit activities. The CFO is also responsible for facilitates the strategic planning process, in partnership with the Executive Director and his/her direct reports, with a particular focus on providing an economic and analytical viewpoint in this process.

Strategic Focus
▪ Convenes the annual strategic planning retreat and plans out into the future with a detailed long and short term business plan presented to staff and the Board.
▪ Builds and evaluates business cases and identifies issues needing to be addressed prior to starting a project or changing a program.
▪ Participates as a member of the executive team in the planning, development, and review of projects, programs, facilities and investments considered by the organization, assessing alignment of such activities with the strategic plan and the organization’s financial resources.
▪ Directs and participates in management studies to support continuous operational process improvement. Sets forth desired objectives, develops procedures, proposes changes in existing methods, makes recommendations and executes appropriate actions to correct deficiencies.

Financial Focus
▪ Plan, manage, organize, and direct activities related to organizational operations dealing with financial reporting and accounting, banking relationships, purchasing, risk management and insurance, cash management, business licensing, sales tax administration, accounts receivable and debt management.
▪ Directs the organization’s Finance department, including general ledger accounting, A/P, A/R, cash management, grant management and overall financial reporting.
▪ Directs and coordinates annual budget and forecasting activities.
▪ Reviews all organizational budgets and financial plans periodically to make recommendations for approval or to assess the efficiency of operations and the degree of achievement of financial goals.
▪ Responsible for the preparation of monthly and annual financial reports.
▪ Plans, organizes, and directs fiscal and management control functions.
▪ Signs off on all grant applications and other related proposals.
▪ Oversees the MIS/IT team to develop and maintain appropriate performance metrics and analytics to regularly assess the health of the enterprise.
▪ Oversees financial and accounting system controls and standards and ensures timely financial and statistical reports for management and/or Board use.
▪ Oversees management of all payroll functions.
▪ Oversees all 403B audit and financial reporting and any other benefit functions that require an audit or financial reporting function.
▪ Manages the organization’s legal, audit, insurance, banking and other external relationships in support of organizational goals.

Application qualifications

Professional Experience:
▪ Minimum of ten years of experience in managing a medium to large finance department.
▪ Non-profit experience preferred. A strong knowledge of GAAP and an understanding of non-profit accounting principles.
▪ Retail or manufacturing experience a plus.
▪ Ability to serve as a strategic thought partner to the Chief Executive Officer and the leadership team.
▪ Experience with managing sophisticated accounting requirements in support of multi- organizational units.
▪ Ability to present financial information clearly to non-financial managers, funders and board members.
▪ Competency in financial reporting, both for individual organizational entities and consolidated reporting.
▪ Proven ability to coach, develop, train and mentor staff.
▪ Experience in establishing and maintaining banking and financing relationships.
▪ Strong proficiency with current financial and accounting computer applications.
▪ Experience working with senior management and reporting to a Board of Directors. Serve as a liaison to the organization’s Finance and Audit committees

Personal Attributes:
▪ Motivated and driven by the mission, vision and values of Philabundance.
▪ Excellent leadership and people management skills, including the capacity to attract, develop, inspire and retain staff.
▪ Demonstrated proficiency in developing and sustaining effective working relationships with management, peers, and subordinates.
▪ Excellent communication skills, both written and oral.
▪ Ability to work collaboratively as a part of a team and independently as needed.
▪ Proactive, strategic thinker who is able to maneuver tactically to accomplish a goal.
▪ Exceptional organizational and time management skills; able to handle multiple projects and assignments simultaneously.
▪ Ability to do research and ask questions to understand key issues and provide clear recommendations supported by thorough analysis.
▪ High energy level, strong sense of initiative, creative problem solving, flexibility, discretion, and a sense of humor.

Education:
▪ B.S. in Accounting or Finance. Master's degree in business, public administration or a related field a plus.
▪ CPA preferred, not required.

How to apply

To learn more about this opportunity, please contact:

Toya Lawson
Partner, Bridge Partners
[email protected]

Janet Albert
Partner, Bridge Partners
[email protected]

About the organization

For almost 35 years, Philabundance has been the Delaware Valley’s largest hunger relief organization with the mission to drive hunger from our communities today and end hunger for good. Covering nine counties in southeastern Pennsylvania and New Jersey, Philabundance plays a critical role by providing food to those who have the greatest needs- including people with disabilities, single parents, veterans, students, and working-class families. Approximately 30 percent of the 90,000 people per week that Philabundance helps feed are children and sixteen percent are seniors.

By leveraging relationships within the food supply chain and rescuing fresh, healthy food that would otherwise go to waste, Philabundance plays an integral role within the food system. Partners range from small local artisanal food purveyors to national grocery chains and the Port of Philadelphia. Nearly 80 percent of the food that Philabundance distributes might otherwise have ended up in a landfill.

Believing in the value of collaboration and community empowerment, Philabundance distributed nearly 30 million pounds of food last year through a network of 350 partner agencies, including emergency kitchens, shelters, and soup kitchens. However due to the COVID-19 pandemic, the number of citizens facing hunger has rapidly increased by fifty to sixty percent. Throughout the pandemic, Philabundance has remained open and busy, increasing its efforts to ensure that no one in our communities lacks access to food – especially healthy food that can improve wellness and quality of life.

Philabundance believes that true equity in our communities will never be achieved while any one of us is hungry. As of 2017, one in eight people in the U.S. faced hunger, while in the Philadelphia area, that number was one in five. Understanding the need for longer-term solutions, Philabundance took the bold move to expand its mission last year by adding Ending Hunger for Good initiatives. Partnering with organizations specializing in housing, healthcare, education, workforce development and financial literacy training, Philabundance collaborates to create holistic programs that help people move toward self-sufficiency. The anchor program, the Philabundance Community Kitchen (PCK), provides a 16-week culinary arts workforce development program boasting an 80% job-placement rate. The new PCK facility, completed in August 2020, will have the capacity to provide millions of meals per year to the community as well as social enterprise catering and meal contracts that help subsidize workforce development programming.

Additional information

Philabundance is an equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge will be based on merit, competence, performance, and business needs. Philabundance does not discriminate on the basis of race, color, religion, marital status, age, national origin, gender, sexual orientation, gender identity or expression, veteran status or any other status protected under federal, state or local law. The organization is committed to inclusion equity and diversity.

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