IYI is looking for a Chief Financial Officer who:
- Is passionate about improving the lives of Indiana’s youth.
- Values rigorous financial management as crucial to mission support and advancement.
- Embraces continuous improvement as both a humble, life-long learner and teacher/coach for others.
- Communicates effectively with a wide range of collaborators and partners.
- Is committed to ensuring equitable outcomes for all of Indiana’s youth.
The Chief Financial Officer (CFO) is responsible for leading the overall financial strategy and management of the organization and oversees all fiscal and fiduciary responsibilities for Indiana Youth Institute (IYI) and the collaborative Indiana Youth Worker Well-being Project. Reporting to the President and Chief Executive Officer, this role is a key member of IYI’s Leadership Team responsible for both strategic and operational oversight of the organization’s accounting, compliance, financial planning, and budgeting functions in order to maximize impact across the Foundation. Within IYI, the CFO also oversees human resources and facility operations.
This position is based in Indianapolis, IN (hybrid/in-person work schedule).
Essential Functions
Financial Planning and Analysis
- Plan, develop, implement, and oversee the organization's annual and long-term financial performance, including revenue forecasting and cost management in support of IYI’s mission and in alignment with the organization’s strategic plans.
- Work with executive leadership to support all related board processes, including relevant support, the audit and investment committees, and analysis and decision-making around issues, trends, and changes in the organization’s financial model.
- Manage cash flow and forecasting and develop a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs.
- Optimize the handling of banking relationships and initiate appropriate strategies to enhance cash positions.
- Oversee the relationship with IYI’s investment advisor, working closely with the President and CEO to ensure Board mandates are appropriately reflected in the Foundation’s portfolio.
- Assess and evaluate the financial implications of new initiatives in partnership with the P/CEO and all other involved partners.
Accounting and Reporting
- Oversee all accounts, ledgers, and reporting systems, ensuring compliance with appropriate Generally Accepted Accounting Principles, regulatory requirements, and budget audit requirements.
- Maintain internal control safeguards and coordinate all audit activities.
- Oversee the month-end closing process, including schedules and assignments.
- Lead the Finance Department in maintaining and implementing policies, processes, and procedures that enable a hard general close by the 7th to 15th day of the following month.
- Review month-end account analyses and reconciliations at a level adequate to ensure that all general ledger accounts are reasonably stated.
- Review monthly reporting and financial reports.
- Ensure organizational compliance with relevant laws and tax obligations and manage organizational risks and liabilities.
- Manage the annual financial audits, IRS Form 990s, and 1099s submissions.
- Manage the timely and accurate preparation of the organization’s annual audited financial statements.
- Plan and supervise the annual external audit in conjunction with the external auditors.
- Serve as a steward for the financial integrity of the Foundation by ensuring the accurate and timely implementation and accounting of the Foundation’s finances and investment policies and procedures.
- Work with IYI’s external legal counsel as needed.
Human Resources
- Oversee all human resources functions and serve as the primary internal contact for related matters.
- Manage IYI’s relationship with all benefit providers, updating the organization’s benefit packages, and negotiating benefit agreements with those providers.
- Oversee the talent acquisition process working with key parties from each department to identify, attract, hire, and retain top talent.
- Responsible for employee onboarding and offboarding, policy updates, and regular assessment and upkeep of the employee personnel policy updates and the employee handbook.
Team Management
- Manage all components of the finance team (financial planning, budgeting, accounting), including work allocation, training, problem resolution, performance evaluation, and the building of an effective team dynamic.
- Evaluate the finance team’s ongoing delivery with an emphasis on continual improvement, efficiency, and effectiveness of both the group as a whole and the individuals within the team.
- Seek opportunities to provide professional development and growth opportunities for team members.
- Serve on IYI’s senior management team, providing advice and recommendations to the President & CEO and Vice Presidents.
- Partner closely with the Vice President of Advancement & Impact in budgeting, tracking, and reporting the financial status of all grants and contracts.
- Other duties as assigned.
Selection Criteria
- Bachelor’s degree in Business, Management, or Finance required. Master’s degree and/or CPA preferred.
- At least 15 years of progressively responsible experience with at least 3-5 years of experience as CFO or equivalent, experience in a nonprofit environment required.
- Strategic leader, a thoughtful problem-solver who is effective at leading change and can successfully support growth through innovation.
- Experience in a senior financial-management role, partnering with executive staff, external auditors; regulatory agency personnel; banking and investment personnel; contractors and consultants; and donors is preferred.
- Significant experience in or knowledge of nonprofit accounting, including sophisticated fund and grant accounting, compliance, and reporting.
- Excellent leadership skills, with experience collaborating in a multi-disciplinary, diverse, and dynamic team.
- Ability to lead by influence.
- Ability to establish credibility and be decisive in support of the organization's mission, priorities, and commitments.
- Experience in legal, audit, compliance, budget, and resource development preferred.
- Exceptional qualities of integrity, credibility, and professionalism.
- Excellent written and oral communication skills.
- Extensive knowledge of financial policies, practices, and systems is required.
- Familiarity with various types of investments and charitable trusts, and the appropriate accounting reporting required, is strongly preferred.
- Strong work ethic, resilience, and ability to work under pressure and handle stress.
- Expert Excel skills required along with high proficiency in Teams, Salesforce, and ideally, Intacct.
Compensation and Benefits: IYI offers a competitive salary commensurate with experience in a similar position. The salary range for this position is $105,000 to $160,000. The final offer considers multiple factors, including but not limited to education; experience; internal equity, and other organizational needs. New hires are typically brought into the organization at a salary between the range of minimum and midpoint depending on experience and in alignment with internal equity.
We offer a comprehensive benefits plan, covering the majority of the employee premium for the base medical plan and offering other benefits including dental and vision plans, disability, life insurance, generous vacation time, professional development, and a 403(b) plan.
Working Conditions: We are a remote-first organization, meeting in person for mission-critical events and projects, including weekly leadership meetings and monthly all-staff meetings. Although employees are located across Indiana, we maintain Eastern Standard Time office hours. To maintain safety, anyone visiting the office must upload vaccination proof and be comfortable with testing protocols.
Documents Needed to Apply: Cover letter, Resume, and Reference List.
