Chief Financial Officer
Application Opening Date: February 18, 2021
Anticipated Starting Date: June 2021
Benefits: Healthcare, retirement contribution, paid vacation, personal and sick leave
Location: Indianapolis, IN
Apply: Delta Sigma Phi has retained CliftonLarsonAllen, LLP (CLA Search) to spearhead our search efforts. Please send notes of inquiry and resumes to Octavia Gilmore, National Search Advisor, at email@example.com
The Chief Financial Officer (CFO) will play a critical role in developing and implementing the national strategy for Delta Sigma Phi Fraternity, Housing Corp, and Foundation. As a member of the senior leadership team, the CFO will be an advisor to the Executive Director, evaluating and assisting the organization’s financial plans and economic modeling. The CFO will be responsible for overseeing all fiscal and fiduciary responsibilities for the organization, in conjunction with the General Fiscal Officers, Budget and Finance Committee, and the Board of Directors.
The Chief Financial Officer manages the overall direction, coordination, and evaluation of the Accounting and Finance Team. The CFO carries out supervisory responsibilities in accordance with the fraternity, housing, and foundation’s constitution and by-laws, accounting policies and procedures, internal controls, Generally Accepted Accounting Principles (US-GAAP), and applicable federal, state and local laws. Responsibilities include planning, reporting, assignment of duties to the accounting staff, and resolving problems. The CFO will report directly to the Executive Director.
Finance & Operations Management
- Lead the planning, implementing, managing and controlling financial-related activities of Delta Sigma Phi Fraternity, Delta Sigma Phi Foundation and eventually Delta Sigma Phi Housing Corporation; provide strategy, oversight and management of all financial related items for the Fraternity and its subsidiaries relating to billing, cash flow and planning.
- Oversee the accounting, finance, forecasting, property management, deal analysis and negotiation, partnership compliance and financing activities.
- Partner with Alumni and volunteers as it relates to financial statements and issues impacting their chapters.
- Responsible for managing and implementing a successful billing strategy that reduces AR.
- Serve as the administrative and HR officer for the Fraternity
- Collaborate with the Executive Director to create the annual budget and short/long-term forecasting.
- Manage the Audit process for all entities
- Conduct monthly Statement Review meetings with Executive Director and Chief Advancement officer for Fraternity and Foundation.
- Manage financial planning and analysis. Supervise creation of reports, software implementation and tools for budgeting and forecasting.
- Review and analyze monthly financial results and provide recommendations in consultation with the General Fiscal Officers and the Budget & Finance Committee
- Implement systems and software to provide critical financial and operational information.
- Evaluate departments and make suggestions for automating processes and increasing working efficiency.
- Create and establish yearly financial objectives that align with the entity’s plans for growth and expansion.
- Participate in pivotal decisions as they relate to strategic initiatives and operational models.
- Ensure cohesiveness across the organization with the Executive Directors’ plans, initiatives, and recommendations.
- Implement policies, procedures and processes as recommended by the external audit team and deemed appropriate by the Executive Director and the Board of Directors.
Planning, Policy & Board Relations
- Serve as a member on the Audit Committee for the Delta Sigma Phi Fraternity, Foundation and Housing
- Serve as an Ex Officio for all financial related Board Committees of Delta Sigma Phi
- Attend board meetings, providing and presenting financial strategy to Board of Directors.
- Provide monthly statements for review for Treasurer of Grand Council and Foundation.
- Engage Budget & Finance Committee and the Executive Director to develop short term and long-term plans, projections and budgets.
- Represent company to banks, financial partners, institutions, stakeholders, public auditors, and regulatory authorities and officials.
- Remain current on audit best practices as well as state, federal and local laws regarding organizational operations.
Major Finance Projects
In collaboration with the Executive Director, the CFO will:
- Develop, implement and create a new housing corporation strategy that supports the Fraternity’s housing needs (in motion).
- Create a long-term cash flow statement and strategy.
- Identify savings opportunities and implement new staffing and support benefits for Fraternity and Foundation.
- Streamline all financial and billing components for the new CRM system. (new CRM/billing goes live July 2020).
- Review, enhance and develop a new fee structure that meets the needs of the Fraternity while keeping rates at market (FY22).
- Analyze and propose future facility needs for staffing (lease expires 2022).
- Bachelors’ Degree in Accounting or Finance required; MBA/CPA preferred.
- 7+ years of progressive finance experience as a leader within a multi/subsidiary nonprofit entity.
- Technical proficiencies in financial software; Blackbaud/Financial Edge, Salesforce preferred.
- Demonstrated knowledge of GAAP, IFRS, 501c7 compliance and US Federal IRS 990 reporting.
- Experience working with external auditors, internal controls, and compliance-related issues.
- Proven track record in systems implementation/migration and coordinating activities with HR/IT
- Excellent analytical, reasoning and problem-solving skills.
- Exceptional management and supervisory skills; must be an innovative and empowering mentor that embraces integrity and ethical practices by providing accurate, responsive, detail-oriented financial results and goals.
- Outstanding analytical and organizational skills, ability to prioritize competing and multiple priorities with a calm demeanor and sound judgment.
- Exceptional written and verbal communication skills; leader who can build confidence with teams, leadership, Board and external entities; possess exceptional interpersonal skills and be service oriented.
- Capacity to work independently and as part of a team.
- Ability to travel for Board meetings and Bi-annual Conventions.