Opportunity Details
The client is seeking a Fractional Chief Financial Officer (CFO) to offer high-level financial leadership during a time of organizational growth, capital planning, and strategic transition. This role involves collaborating with Co-Executive Directors, the Finance Committee, and the Board of Directors to enhance financial oversight, improve forecasting and cash management, and support long-term financial sustainability. As a strategic advisor, the Fractional CFO will provide final oversight, analysis, and guidance across financial systems, and partner with in-house staff and third-party accounting support to ensure the accuracy and alignment of all financial functions. This position does not include day-to-day bookkeeping or payroll processing.
This is a fractional, part-time contract role compensated with a $2,000 monthly stipend for ongoing operational and financial oversight, and additional compensation for capital campaign support or special projects. While some work may be conducted remotely, periodic in-person engagement is essential. The time commitment is approximately 12 hours per month for routine oversight, increasing during audit and budget preparation, and approximately 8 hours per month for capital campaign support, with variability based on organizational needs and activities such as annual budget development and active financing efforts. Time commitments are expected to scale in alignment with the organization's fiscal year and capital campaign progress.
The Fractional CFO will head strategic financial oversight in several key areas, including financial controls and systems, cash management, investments, and liquidity. They will review the General Ledger, ensuring compliance with nonprofit, funder, and audit standards, and serve as a resource for complex decision-making, financial policies, and risk management. Additionally, the CFO will advise on cash management strategies, investment plans suitable for a nonprofit, and the alignment of cash flow with revenue cycles and restricted funds, ensuring strict adherence to funding requirements for financial stability.