PAY RATE: Compensation is provided in accordance with YDI’s approved compensation structure.
OBJECTIVE:
The Chief Financial Officer (CFO) serves as Youth Development, Inc.’s (YDI) senior financial executive, accountable for the organization's financial strategy, fiscal stewardship, regulatory compliance, organizational risk, and long-term sustainability in support of YDI’s mission.
Reporting to the Chief Executive Officer and serving on the Executive Leadership Team, the CFO advises the CEO, Board of Directors, and senior leadership on financial performance, strategic investments, resource allocation, and material risks. The CFO leads the Finance Department and oversees accounting, budgeting, forecasting, treasury, grants accounting, audits, procurement controls, investments, and financial systems across YDI’s programs, locations, funding sources, and government contracts.
The CFO ensures accurate, timely financial information and strong internal controls in accordance with Generally Accepted Accounting Principles (GAAP), nonprofit accounting standards, 2 CFR Part 200, applicable laws, funding and contractual requirements, Board policies, and organizational procedures.
MINIMUM QUALIFICATIONS:
• Master’s degree in accounting, finance, business administration, public administration, or a related field and five years of directly related experience, including three years in a supervisory or administrative capacity; or a bachelor’s degree in a related field and eight years of directly related administrative experience, including three years of supervisory experience.
• Demonstrated senior-level experience leading financial operations in a complex nonprofit, government, healthcare, education, behavioral health, human-services, or similarly regulated organization.
• Extensive experience with GAAP, nonprofit or governmental accounting, budgeting, forecasting, audits, internal controls, grants or contracts, treasury, procurement, and financial systems.
• Experience interpreting and administering applicable laws, regulations, funding requirements, and organizational policies while exercising sound executive judgment.
• Certified Public Accountant, Certified Management Accountant, Chartered Global Management Accountant, or similar professional credential.
PREFERRED QUALIFICATIONS:
• Experience as a CFO, Deputy CFO, Finance Director, or equivalent senior financial executive in a multi-program, multi-location, or government-funded organization.
• Experience with 2 CFR Part 200 uniform guidance.
• Experience using and implementing Sage Intacct, UKG, or comparable accounting and human resources systems.
• Experience with financing, investments, capital planning, tax credits, or multi-affiliate nonprofit reporting.
• Extensive experience in accounting, budgeting, financial reporting, cash management, audits, internal controls, risk management, and regulatory compliance.
REQUIRED KNOWLEDGE, SKILLS, & ABILITIES:
• Strategic financial leadership: Ability to develop sustainable financial strategies, assesses enterprise risk, and translates organizational priorities into actionable operating and capital plans.
• Financial operations and compliance: In depth knowledge regarding the application of GAAP, nonprofit accounting standards, internal controls, audit requirements, tax obligations, and federal and state funding rules, including 2 CFR Part 200.
• Planning and analysis: Ability to lead budgeting, forecasting, cash-flow management, capital planning, financial modeling, variance analysis, and timely reporting to support executive decisions.
• Treasury and external relationships: Knowledge of banking, investments, debt, grants, and financial due diligence and can represent YDI effectively with auditors, funders, lenders, regulators, and public officials.
• Executive communication and governance: Ability to communicate complex financial information clearly and prepares concise analyses, dashboards, and presentations for the CEO, Board, senior leaders, and stakeholders.
• People and organizational leadership: Ability to build accountable teams through clear expectations, coaching, development, collaboration, and service-oriented partnership across organizational functions.
• Systems and technology: Ability to build advanced spreadsheet functions, financial reporting tools, and accounting and HRIS platforms and leads effective system implementation, controls, automation, and data governance.
ESSENTIAL DUTIES & RESPONSIBILITIES:
• STRATEGIC FINANCIAL LEADERSHIP
• Develops and recommends short- and long-term financial strategies that support YDI’s mission, strategic priorities, operational needs, and long-term financial sustainability.
• Serves as the principal financial advisor to the Chief Executive Officer, Board of Directors, Executive Leadership Team, and designated Board committees.
• Evaluates the financial impact of proposed programs, contracts, partnerships, investments, capital projects, acquisitions, and other strategic initiatives.
• Develops financial models, forecasts, projections, and scenario analyses to support executive decision-making.
• Identifies financial risks, opportunities, economic trends, and resource needs and recommends appropriate action.
• Participates in organizational strategic planning and translates strategic priorities into financially sustainable operating plans.
• BUDGETING, FORECASTING, AND FINANCIAL PLANNING
• Leads the development, implementation, monitoring, and administration of YDI’s annual operating and capital budgets.
• Establishes organization-wide budget assumptions, standards, schedules, and reporting requirements.
• Works with executive and program leadership to develop realistic and sustainable budgets.
• Monitors financial performance against approved budgets, forecasts, grant awards, and contractual requirements.
• Provides variance analyses and recommends corrective action when financial performance differs materially from approved plans.
• Maintains cash-flow forecasts, multi-year financial projections, and financial sustainability plans to ensure adequate liquidity.
• ACCOUNTING AND FINANCIAL REPORTING
• Oversees accounting operations, including the general ledger, accounts payable, accounts receivable, grant accounting, payroll-related financial processes, cash management, fixed assets, reconciliations, and financial close activities.
• Ensures financial records are accurate, timely, complete, and maintained in accordance with Generally Accepted Accounting Principles and applicable nonprofit accounting standards.
• Oversees monthly, quarterly, and annual financial closing and reporting processes.
• Ensures timely preparation of financial statements, management reports, forecasts, dashboards, and other financial analyses.
• Reviews and certifies financial reports provided to the Chief Executive Officer, Board, funders, auditors, lenders, and regulatory agencies.
• Ensures appropriate accounting treatment for restricted funds, grants, contributions, capital assets, leases, investments, debt, and other significant transactions.
• GRANTS AND GOVERNMENT CONTRACT COMPLIANCE
• Oversees the financial administration, setup, monitoring, reporting, reconciliation, and closeout of federal, state, local, and private grants and contracts.
• Ensures compliance with funding requirements, including 2 CFR Part 200 and applicable federal cost principles.
• Ensures expenditures are allowable, allocable, reasonable, properly documented, and charged to the correct funding source.
• Reviews proposed grant and contract budgets for financial feasibility, matching requirements, indirect cost recovery, cash flow, sustainability, and organizational risk.
• Ensures timely and accurate submission of reimbursement requests, invoices, financial reports, and other required fiscal documentation.
• Advises leadership regarding funding restrictions, cost allocation, indirect costs, matching obligations, and questioned or disallowed costs.
• INTERNAL CONTROLS, RISK MANAGEMENT, AND COMPLIANCE
• Develops, implements, monitors, and evaluates YDI’s system of internal financial controls.
• Establishes financial policies and procedures that protect organizational assets, promote accountability, reduce fraud risk, and support regulatory compliance.
• Ensures appropriate segregation of duties, authorization limits, reconciliations, documentation standards, and financial-system access controls.
• Advises the Chief Executive Officer regarding significant financial risks, control deficiencies, suspected fraud, material noncompliance, and required corrective actions.
• Oversees financial aspects of enterprise risk management, insurance, business continuity, and disaster-recovery planning.
• Reviews significant contracts and commitments for budget availability, funding allowability, financial exposure, payment terms, and long-term obligations.
• Ensures compliance with Board policies, YDI procedures, contractual requirements, tax obligations, and applicable federal, state, and local regulations.
• AUDIT AND REGULATORY OVERSIGHT
• Serves as YDI’s primary financial contact for independent auditors, government auditors, monitoring agencies, financial institutions, and other external financial reviewers.
• Coordinates the annual financial statement audit, Single Audit, retirement plan audit, tax filings, and other required financial reviews.
• Ensures requested schedules, reconciliations, confirmations, documentation, and management representations are complete and timely.
• Reviews audit findings and corrective-action requirements with the Chief Executive Officer and appropriate Board committees.
• Develops and monitors corrective-action plans resulting from audits, monitoring reviews, and internal assessments.
• Ensures timely filing of required tax and information returns, including the organization’s annual Form 990.
• TREASURY, BANKING, INVESTMENTS, AND CAPITAL
• Oversees banking relationships, cash management, deposits, electronic payments, authorized signers, credit facilities, and treasury operations.
• Ensures adequate liquidity to support payroll, vendor payments, program operations, debt obligations, and capital commitments.
• Recommends strategies for operating reserves, investments, debt management, cash concentration, and capital financing.
• Ensures compliance with Board-approved investment, reserve, banking, and cash-management policies.
• Serves as a member of the YDI Retirement Investment Committee.
• Supports the evaluation, financing, and monitoring of capital projects, real estate transactions, loans, leases, and other long-term commitments.
• Reviews significant financing agreements and financial transactions in coordination with the Chief Executive Officer and legal counsel, as appropriate.
• BOARD AND EXECUTIVE REPORTING
• Provides clear, timely, and accurate financial information to the Chief Executive Officer, Board of Directors, Executive Leadership Team, and designated Board committees.
• Presents annual operating and capital budgets for executive and Board consideration.
• Provides regular reports on financial performance, budget variances, cash flow, reserves, investments, debt, grants, capital projects, audit matters, and material financial risks.
• Explains complex financial information in a manner that supports informed governance and executive decision-making.
• Advises leadership regarding the financial impact of proposed policies, programs, contracts, and strategic decisions.
• Immediately communicates material financial concerns, control weaknesses, compliance issues, or threats to the organization’s financial stability to the Chief Executive Officer.
• FINANCIAL SYSTEMS AND DATA MANAGEMENT
• Provides executive oversight of accounting, payroll integration, budgeting, banking, purchasing, and financial reporting systems.
• Ensures financial systems support accurate reporting, effective controls, data security, regulatory compliance, operational efficiency, and organizational growth.
• Participates in the selection, implementation, and optimization of financial, ERP, HRIS, payroll, purchasing, and reporting systems.
• Establishes appropriate system access controls and approval workflows.
• Promotes the use of automation, dashboards, and data analytics to strengthen financial reporting and decision-making.
• Coordinates with information technology leadership and vendors to protect financial data and address cybersecurity risks.
• PROCUREMENT AND CONTRACTUAL CONTROLS
• Provides financial oversight of YDI’s procurement and contracting controls.
• Ensures purchasing and contracting practices comply with applicable laws, funding requirements, Board policies, and organizational procedures.
• Reviews significant procurements and contracts for funding availability, cost reasonableness, financial risk, payment obligations, and compliance requirements.
• Supports the establishment of approval thresholds, documentation standards, competitive procurement requirements, and conflict-of-interest controls.
• Ensures major contractual commitments are financially sustainable, properly authorized, and supported by adequate documentation.
• LEADERSHIP AND PERSONNEL MANAGEMENT
• Provides executive leadership to the Finance Department and establishes expectations for accountability, accuracy, service, integrity, and professional conduct.
• Directly or indirectly supervises employees assigned to accounting, grants management, accounts payable, accounts receivable, payroll-related finance functions, and other fiscal operations.
• Participates in the recruitment, evaluation, development, coaching, corrective action, and separation of Finance Department employees.
• Establishes departmental goals, performance measures, work plans, succession plans, and professional-development priorities.
• Promotes collaboration between Finance, Human Resources, Operations, Programs, Development, Information Technology, and other organizational functions.
• Maintains a service-oriented Finance Department that supports program operations while preserving strong internal controls.
• ORGANIZATIONAL LEADERSHIP
• Serves as an active member of YDI’s Executive Leadership Team.
• Supports the Chief Executive Officer in implementing Board policies and advancing YDI’s mission, strategic priorities, and organizational values.
• Builds effective relationships with organizational leaders, funders, financial institutions, auditors, regulators, vendors, and community partners.
• Represents YDI in financial, contractual, audit, banking, investment, and regulatory matters as authorized by the Chief Executive Officer.
• Promotes accountability, transparency, ethical conduct, collaboration, and continuous improvement.
• Performs other duties consistent with the position and as assigned by the Chief Executive Officer.
PHYSICAL REQUIREMENTS AND WORKING CONDITIONS
• Ability to remain seated and use computers, calculators, and other office equipment for extended periods.
• Ability to communicate effectively in person, by telephone, and in writing.
• Ability to occasionally lift up to 20 pounds and to walk or drive between work locations as needed.
• May occasionally work extended hours during month-end, year-end, audits, or special projects.
• Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions of the position.
