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Nonprofit Remote Digest - Issue #667
ioby (eye-OH-be) stands for "in our backyards." ioby is a digital crowd-resourcing platform that supports resident-led, neighbor-funded initiatives that make neighborhoods stronger. Our mission is to mobilize neighbors who have good ideas to become powerful civic leaders who plan, fund, and make positive change in their own neighborhoods.
ioby | ioby brings neighborhood projects to life, block by block. ioby brings neighborhood projects to life, block by block.
Chief Financial Officer (CFO)
Description
ioby, a 14-year-old national nonprofit organization, recognized by President and Mrs. Obama for its contribution to advancing civic innovation, seeks our next CFO. Reporting to the CEO, this role will be responsible for the financial health & planning of the organization. The CFO will become a part of the Senior Management Team, and manage the three-person Finance & Admin team. Qualified candidates must be dedicated to racial justice and committed to ioby’s mission of advancing resident-led change.
Responsibilities
Financial Health & Planning 38%
Lead all budgeting and reforecasting processes; coordinate input from all Team Leads and decision-making process with the SMT and the Board of Directors
Provide financial analyses as needed, in particular for decisions around growth/expansion, capital investment, managing an operating reserve, and scenario modeling for the Executive Team and/or Board
Recommend benchmarks against which to measure the performance of financial operations from within the field
Manage all loans, unrestricted and restricted net assets, capitalizable assets
Collaborate with the Chief Philanthropy Officer to ensure that cash flow is appropriate for the organization’s operations
Develop and maintain financial performance measures that support the organization's strategic direction
Evaluate and, where necessary, improve core financial software systems, accounting processes and workflows
Train and support managers of the various teams at the organization to increase capacity for financial management across departments
Effectively and clearly communicate potential risks in a timely manner
In partnership with the Chief Philanthropy Officer direct and approve all staff work on reconciliations, financial reporting, information to funders and partners, grant and contract tracking
Update and maintain a documented system of accounting policies and procedures in accordance with GAAP standards
Senior Management Team 18%
Participate in key decisions as a member of the Senior Management Team (SMT)
Advance the organization by leading the implementation of special projects related to short and long term investments, team culture, and organizational strategic planning
Support CEO and SMT in financial analysis by providing regular monthly financial reports on team spending and forecasts, long term plans and analysis, scenario modeling, and prompt follow-up to inquiries
Managing the Finance and Administration Team 18%
Coordinating with other team leads on cross team work; managing inflow of requests for support from other teams and delegating them appropriately
Create, monitor, evaluate and report on team goals
Manage, coach and develop the Finance & Admin team members
Audit & Governance 18%
Manage relationships with Audit Firm, staff audit team, and Board engagement with the auditors; ensure on time audits and 990s annually
Support the Board Treasurer and Finance Committee in their fiduciary oversight duties through regular reporting
Staff monthly Board Finance Committee meetings
Participate in four Board of Directors meetings annually; provide all financial reports in advance
Areas of Oversight and Delegation 10%
Trust & Safety -- Oversee the emerging work focused on fraud prevention, user privacy
Disbursements -- Oversee staff who work with the Product Team to design a streamlined disbursement process
Program -- Oversee Special Projects Ops Manager on project eligibility, compliance and fiscal sponsorship
Ops & IT -- Oversee Special Projects Ops Manager's management of facilities (including home offices), phones, computers and internal communications and productivity software
Compliance -- Oversee Special Projects Ops Manager's management of all legal and compliance questions
Human Resources -- Oversee Special Projects Ops Manager's management of human resources, hiring, salary, advancement, onboarding, offboarding, benefits, etc
Internal Controls -- Guide and direct ioby's internal controls and cross team interdependencies
Requirements
Qualified candidates must have the following characteristics:
Exceptional ability to translate financial concepts, trends, reports, and forecasts to non-expert staff and board members
Experience leading continuous improvement of organizational financial systems
Deep knowledge of nonprofit accounting, including fund-based accounting, grant tracking, and reporting
Demonstrated experience producing, analyzing, and presenting all standard business financial reports
Experience creating and adapting long term financial planning scenarios and strategy recommendations based on existing data and business insights as conditions shift
Experience with complex organizational finances resulting from multiple programs, multiple locations, and a variety restricted funding sources
3+ years experience managing a diverse staff; has an approach to managing a multiracial team
Experience working with fundraising staff to forecast a variety of revenue pipelines and manage numerous concurrent grant contract reporting requirements
Comfort overseeing administrative and operational aspects of a nonprofit organization
Experience handling sensitive financial information with a high level of discretion; respect for privacy and appropriate levels of access
10+ years of professional experience in finance and at least 2+ years experience in accounting (preferably in the nonprofit sector)
Uses day-to-day accounting key performance metrics and solid understanding of the business environment to inform long term business strategy
Stays apprised of new accounting standards
5+ years experience using accounting software
Able to present the same information in different ways depending on the audience
Believes in ioby’s mission and the power of resident-led action in making change
Committed to racial justice and equity
Ability to prioritize and reprioritize many competing, important activities while staying calm, balanced, focused
Meticulous by nature with a passion for detail
Able to track and present information through key metrics or performance indicators
Highly organized; excellent in time management
Self-starting, motivated
Strong working memory
Deep commitment and fulfillment derived from working on a team
Strong interpersonal skills: courtesy, tact, patience, and collaborative orientation
Enjoys working as efficiently as possible and improving processes and systems
Committed to innovative problem solving
Clear communicator who is able to be concise and summarize the key points, risks, rewards, and tradeoffs of multiple scenarios
Comfortable using a variety of today’s cloud-based collaborative software such as Google Docs, Dropbox, Asana, Slack, etc
Curious and adept in adopting new technology; excited to learn new tools
Excited to manage remotely and be a part of a distributed team
Manages with an investment and coaching mindset, allows room for direct reports to make mistakes as a growth opportunity
Comfort finishing the transition to new accounting software
Extraordinary candidates will have the following nice to have characteristics:
Experience staffing a nonprofit Board of Director's finance committee and treasurer
Experience with the finances of growing organization
Experience in financial leadership positions at organizations with greater than 25 staff and/or budgets larger than $8MM
Experience with e-commerce, crowdfunding, and/or high transaction volume flowing to hundreds of cost centers
Experience working with fundraising staff using CRM databases such as Salesforce to track revenue
Familiarity with Sage Intacct and / or nonprofit-specific accounting software
CPA, CFA, CMA, CNAP, or similar professional accounting designations
A basic understanding of and interest in neighborhoods, community development, urban planning, and civic technology
Experience working in organizations with a Diversity, Equity, and Inclusion framework
Experience and familiarity with nonprofit fiscal sponsorship
Hiring Timeline
October 5: Deadline to Apply
October 7-13: Screener Calls
October 14-18: Round 1 Interviews
October 19-22 Assignments
October 25-31: Round 2 Interviews
Estimated Start Date: January - February 2022
Job Location
ioby is a distributed team. This position can be based remotely anywhere in the United States. This job may require occasional work hours outside of ioby’s regular business hours (9am–6pm Eastern; Monday through Friday) and some occasional travel.
About ioby
ioby is a tech-powered nonprofit, and is designed to be responsive to the communities we serve. As a result, we constantly evolve our program offerings and technology products to serve best, and we strive to move at a fast pace on balance with our resources and working in relationship with our community.
Our team is distributed across the country so we use a variety of online tools for project management and communication. You’ll be expected to bring new ideas and strategies and bring an attitude of continuous improvement to contribute to a strong and innovative culture. For the right candidate, this is an exciting opportunity to be part of a mission-driven, community-based organization that is contributing to a broad movement of resident-led neighborhood
Salary
This is a full-time, salaried position in the $125,000 - $140,000 range, and includes a generous benefit package (including full coverage for health, vision, and dental; 27 vacation days; 10 sick days; at least 8 holidays; a 401(k); and an attractive "Whole Person" policy).
*Please note: the salary range is based on location in New York or San Francisco. For candidates in other locations in the United States, the salary range will be adjusted based on cost of living.
How to Apply
Hiring Process
ioby is dedicated to continuously improving our work to become more anti-racist. We have a written commitment to racial equity published here: https://ioby.org/equity which includes a link to our Hiring Practices: https://ioby.org/hiring-practices Please join us on this journey!
To Apply
To apply, please fill out the application form through workable ( https://apply.workable.com/ioby/j/0A5A8D96F4/ ) attaching your resume and cover letter describing why you want to lead ioby.
The deadline to apply is October 5. Please apply at this link: https://apply.workable.com/ioby/j/0A5A8D96F4/
ioby's Non-Discrimination Policy:
ioby is committed to the principles of equal opportunity. ioby’s organizational policies, practices, programs, activities and decisions regarding employment, hiring, assignment, promotion, compensation, volunteerism, internships and other terms and conditions of employment or voluntary service shall not be based on a person’s race, color, sex, age, religion, national origin, mental or physical disability, ancestry, military discharge status, sexual orientation, gender identity or expression, marital status, source of income, parental status, housing status, or other protected status, in accordance with applicable law.
Women, people of color and LGBTQ people are always strongly encouraged to apply.