Chief Financial Officer

The Chief Financial Officer (CFO) serves as an executive leader with primary day-to-day responsibility for planning, implementing, managing and controlling all finance-related activities of the organization. Reporting to the President, the CFO oversees all accounting, financial management, payroll, audit and investment services. The CFO serves on the Executive Management Team, partnering with other senior staff on enterprise-wide management. The CFO serves as CBF’s Treasurer, working with the Chair of the Audit and Finance Committee to provide essential data and information for CEO/Board decision-making.

About the Chesapeake Bay Foundation

The Chesapeake Bay Foundation (CBF) launched the movement to Save the Bay 50 years ago. With 230,000 members, 185 full time staff, a budget of $26 million, and a $55 million endowment, CBF is the nation’s leading regional conservation organization. The Annapolis, MD headquarters is the world’s first LEED platinum building. 

Context of the Position

The Chief Financial Officer (CFO) serves as an executive leader with primary day-to-day responsibility for planning, implementing, managing and controlling all finance-related activities of the organization. Reporting to the President, the CFO oversees all accounting, financial management, payroll, audit and investment services. The CFO serves on the Executive Management Team, partnering with other senior staff on enterprise-wide management. The CFO serves as CBF’s Treasurer, working with the Chair of the Audit and Finance Committee to provide essential data and information for CEO/Board decision-making. 

Essential Functions

1. Provide leadership and direction to the organization regarding all financial matters. Ensure CBF business and financial practices are consistent with industry, legal, and ethical standards.

  • Develop an understanding of CBF’s business processes, organization, programs and initiatives in order to provide strategic financial consulting, modeling and financial analysis to President in support of business decisions.
  •  Monitor the organization's financial position and issue regular financial and operating reports, projections, and analysis. 
  • Custodian of all funds, securities, and assets of the organization; Direct third party oversight of the investment portfolio in accordance with corporate investment policies to maximize return while preserving capital assets.
  • Evaluate creative public and private methods for financing organizational priorities to further the mission.
  • Serve as strategic business partner in the formulation and implementation of strategic planning and business planning. 
  • Test current internal controls and perform inquiries of management as needed to identity and resolve vulnerabilities within the financial management process.
  • Identify, assess, and develop risk management mitigation strategies.

2. Provide leadership and direction for the development of financial acumen among all staff, in particular budget managers, to effectively support the budgeting, forecasting, and management of CBF revenue and expenses.

  • Collaborate with senior leaders and business development team to identify new revenue opportunities, develop business plans, and implement processes to monitor/track those transactions.

3. Provide leadership for accounting operations including month-end financial closing processes, accounts receivable, accounts payable, procurement and contract management, budget, investments, cash, and treasury.

  • Oversee development and maintenance of financial systems, controls, policies and procedures that meet nonprofit and GAAP standards, support CBF business strategies, and CBF financial reporting needs.
  • Lead in the development and implementation of new finance software system.
  • Oversee the financial planning, budgeting, forecasting, reporting, analysis, and financial aspects of the corporate banking relationship. 
  • Oversee the management of Federal, State, and Private Grants and assess the processes and software system needs.
  • Provide oversight and direction for the timely and accurate preparation of all financial statements. 
  • Attend CBF Board and Finance & Audit Committee Meetings in order to present financial information. Prepare materials in advance of meeting for Board and Trustee review. 
  • Lead the development of multi-year budget and business plans.
  • Lead the annual external audit of the financial records, the internal audit and compliance process. Engage and support the auditors in annually evaluating the overall fiscal accuracy of accounting records. Evaluate all audit recommendations and implement recommendations in conjunction with the President and Board Committee. 
  • Oversee the preparation of all federal reporting requirements (e.g. tax returns, 990s, 1099/1096, W-2, 941, etc.). Ensure compliance with all tax regulations.

4. Supervisory Responsibilities

  • Overall Management of nine staff; four direct reports.

Professional Experience and Qualifications

  • Bachelor’s degree in Business Administration, Accounting, or related field required.  
  • Preferred education and licensure: Master of Business Administration (MBA) and Certified Public Accountant (CPA). 
  • 15 years related experience and/or training; or equivalent combination of education and experience. 
  • Preferred experiences: Service as a member of a senior management group; experience leading an Accounting department; expertise in managing operating, capital and special   campaigns; grants management; association or nonprofit experience strongly preferred. 
  • Excellent writing, speaking, presentation, and interpersonal skills. 
  • Ability to lead and develop staff. Ability to collaborate & communicate effectively across organizational lines. 
  • Computer skills:  budgeting and project management software; spreadsheet and word processing software.

How to Apply

To apply in confidence, please send cover letter, resume, and annual salary requirements to:


Human Resources/FY18-008-CFO
Kristen Diggs, Director of Human Resources
Chesapeake Bay Foundation
6 Herndon Avenue
Annapolis, Maryland 21403
kdiggs@cbf.org

Position will remain open until filled


CBF offers a comprehensive benefit package to include 20 vacation days, 10 sick days, health, dental, life insurance, and a 403b retirement plan.  The Chesapeake Bay Foundation is an Equal Opportunity Employer.

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