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Chief Financial Officer


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. 

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. 

Duties and Responsibilities

I. 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.
• Provide strategic financial consulting, modeling, and financial analysis to CEO on a wide variety of programmatic areas to support 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.
• Identify, assess, and develop risk management mitigation strategies.

II. 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.

III. 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.
• 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 CEO 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.

IV. Supervisory Responsibilities
Overall Management of 10 staff; three direct reports.

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.
• High degree of financial acumen. Strong project management, leadership and decision making skills. Results oriented.
• Excellent writing, speaking, presentation, and interpersonal skills.
• Ability to lead and develop staff. Ability to collaborate effectively across organizational lines.
• Computer skills:  budgeting and project management software; spreadsheet and word processing software; and Raiser’s Edge fundraising management software.

Application Process

For the complete job announcement and an organization overview, please see:

To apply in confidence, please send cover letter, resume, and annual salary requirements no later than October 23, 2016:
Human Resources/FY17-09-CFO
Deborah Boyd, Director of Human Resources
Chesapeake Bay Foundation
6 Herndon Avenue
Annapolis, Maryland 21403

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.

Organization Overview

The Chesapeake Bay Foundation (CBF) is the largest independent conservation organization dedicated solely to saving the Bay. Serving as a watchdog, CBF fights for effective, science-based solutions to the pollution degrading the Chesapeake Bay and its rivers and streams. Our motto, "Save the Bay," is a regional rallying cry for pollution reduction throughout the Chesapeake's six-state, 64,000-square-mile watershed, which is home to more than 17 million people and 3,000 species of plants and animals.

With offices in Maryland, Virginia, Pennsylvania and the District of Columbia and 15 field centers, CBF leads the way in restoring the Bay and its rivers and streams. Over the last four decades, we have created broad understanding of the Bay's poor health, engaged public leaders in making commitments to restore the Chesapeake, and fought successfully to create a new approach to cleanup that features real accountability - the Chesapeake Clean Water Blueprint.


The Chesapeake Bay and its tributary rivers, broadly recognized as a national treasure, will be highly productive and in good health as measured by established water quality standards. The result will be clear water, free of impacts from toxic contaminants, and with healthy oxygen levels. Natural filters on both the land and in the water will provide resilience to the entire Chesapeake
Bay system and serve as valuable habitat for both terrestrial and aquatic life.


Save the Bay™, and keep it saved, as defined by reaching a 70 on CBF's Health Index.

Key Strategies

CBF leverages four primary strategies to achieve its goals, including:

Education—CBF educates the general public, school administrators, teachers, and students about the wonders of the Chesapeake Bay system, its historic productivity, its current challenges, and solutions to restore.

Advocacy—CBF advocates for implementation of scientifically valid solutions to pressing water-quality problems throughout the Bay system.

Litigation—CBF uses litigation strategically to expose and rectify egregious cases of noncompliance with environmental laws and regulations.

Restoration—CBF actively engages in restoration efforts in order to provide demonstrable, specific, on-the-ground water-quality improvements and engage volunteers and decision makers.

CBF Offices

Phillip Merrill Center
6 Herndon Ave Annapolis, MD 21403

1615 M Street, NW
Washington DC, 20036

114 S. Washington Street
Easton, MD 21601

1108 E. Main Street
Richmond, VA 23219-3539

3663 Marlin Bay Drive
Virginia Beach, VA 23455

1426 N 3rd Street
Harrisburg, PA 17102


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© 2016 Chesapeake Bay Foundation.
All Rights Reserved.

The Chesapeake Bay Foundation is a nonprofit,
tax-exempt charitable organization under
Section 501(c)(3) of the Internal Revenue Code.
Donations are tax-deductible as allowed by law.