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Chief Financial Officer

  • Organization: NALAC
  • Organization Type: Arts Services Organization
  • Location: San Antonio, TX
  • URL: Link
Chief Financial Officer

JOB DESCRIPTION

The National Association of Latino Arts and Cultures (NALAC) is the nation’s largest funding and advocacy organization devoted to the support and promotion of Latinx arts in the United States and Puerto Rico. Founded in 1989, the mission of NALAC is to promote, advance, develop and cultivate the Latinx arts field. Through grants, leadership training and professional development opportunities, NALAC plays an important national leadership role that builds the artistic and professional capacity of Latinx artists and organizations. NALAC also facilitates intergenerational dialogues among disciplines, languages, and traditional and contemporary expressions

SUMMARY

NALAC is growing and seeks a Chief Financial Officer (CFO) to develop and oversee its financial systems and strategies. The CFO will be a thought partner and strategic advisor who supports the organization’s scaling and continued growth. The CFO will have both a day-to-day and strategic impact on company operations, providing financial analysis, short- and long-term planning, and nonprofit sector expertise to strengthen its financial position. The ideal candidate will have keen insight into the trends and opportunities in philanthropic funding, and substantial experience working with government grants and contracts.  The CFO must be able to adapt to a continually evolving environment, adept with digital workplace platforms and strategy and able to thrive in an autonomous and deadline-oriented workplace while managing staff.

Additionally, the successful CFO candidate is a compelling public speaker with a track record of effectively communicating complex financial information to a variety of audiences including board members, funders, donors, partners, staff, etc.

As a member of the senior leadership team, the CFO is a highly-visible role that will model and demonstrate cultural competency and empathy, in addition to business acumen, operational effectiveness, and strategic thinking. This is the perfect role for an engaged, curious, agile, and approachable leader who values learning and embraces opportunities to share knowledge. As a mentor and coach, the CFO will contribute to enhancing financial acumen across the organization.

MANAGEMENT RESPONSIBILITIES

This position reports directly to the President & CEO, is a member of the Senior Management team and will supervise a full-time accounting manager. This position may also supervise a part to full-time associate level position.

ESSENTIAL RESPONSIBILITIES

Planning & Projecting

  • Create measurable annual and multi-year financial goals that align with the organization’s strategic direction.
  • Research revenue opportunities and economic trends, analyze internal operations, and identify areas of cost reduction and process enhancement.

Financial Operations

  • Work with accounting manager and management team to develop organizational and program budgets and manage grant compliance and reporting.
  • Perform risk management through analysis of company investments, liabilities and operations.
  • Monitor performance with tracking, establish corrective measures as needed, and prepare detailed and summary reports, both current and forecasted for board meetings, monthly company updates and as needed by staff.
  • Lead the development and use of best-practice policies, practices, and tools that ensure a well-controlled yet flexible organization with strong fiscal management, project management, cross-team communications and workflow efficiency.
  • Lead annual audit and ensure compliance with federal, state, and local financial requirements by studying existing and new legislation, enforcing compliance and taking action.
  • Develop and maintain financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and petty cash.
  • Manage the acquisition of capital assets and ensure that assets are properly recorded, amortized, and disposed of as appropriate.
  • Oversee cash, investment, and asset management
  • Reconcile bank statements and develop monthly financial reports.
  • Oversee the bookkeeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll.

Team Leadership & Supervision

  • Provide leadership, decision-making, and general guidance to staff and direct reports. Set goals and objectives, and monitor performance, and ensure job descriptions are accurate.
  • Encourage and facilitate employee growth and development.
  • Collaborate with management team on staffing plan necessary to achieve outcomes.
  • Serve as primary liaison to Finance Committee, collaborating with Treasurer and President & CEO on schedule, agendas, and materials.

Organizational Integration

  • Work with CEO/President on revenue allocation, drawdown, and indirect cost rate strategy.
  • Collaborate with Director of Operations and executive leadership on compensation strategy, payroll processes, and risk assessment.
  • Provide coaching and training to ensure staff demonstrate best practices in budget management and monthly financial processes.
  • Collaborate with Development team on grant reporting requirements.
  • Advise and direct human resources activities as related to financial solvency and well-being of the organization
  • Assess, negotiate, and oversee the employee insurance and benefits plans, as needed
  • Evaluate the need for new technology to meet the organization’s financial data processing, control, and reporting requirements.
  • Advise on appropriate technology that meets the organization’s information requirements and financial resources.

Diversity, Equity, Inclusion & Access

  • Demonstrate personal commitment to grow and develop intercultural competence.
  • Seek opportunities for all staff to grow and make change together.

Organizational Culture

  • Model the organization’s values and encourage collaborative, transparent communication across the organization.
  • Represent the organization nationally, regionally, and locally, in the community, with funders and stakeholders, as applicable.

DESIRED QUALIFICATIONS

  • Bachelor’s degree in Accounting/Finance. MBA preferred. CPA is a plus.
  • 5+ years’ work experience with general accounting/finance concepts and practices.
  • Demonstrated functional expertise in nonprofit accounting and finance principles.
  • Prior experience leading a nonprofit accounting/finance team and working with a board/finance committee is strongly preferred.
  • Proficiency working with diverse philanthropic revenue sources, including government contracts and grants, restricted funding, private foundations, corporations and individual donors.
  • Competency with accounting software and standard digital tools such as CRM databases (Salesforce) and web-based software.
  • Comfortable using video communication (Zoom) and project management tools, Skill in Microsoft Office 365 platform & programs a plus. Adaptable to maximize effectiveness of digital collaboration.
  • Experience negotiating contracts and managing external vendor relationships.
  • Evaluative skills to review, analyze, and make recommendations around programmatic efforts from a strategic financial perspective.
  • Seasoned supervisory skills including the ability to effectively manage remote staff.
  • High ethical standards with the ability to maintain confidentiality, ensure data privacy and secure sensitive information.
  • Personal qualities of integrity, credibility, and a commitment to the NALAC mission.
  • Ability to work well independently and as a collaborative team member.

CORE COMPETENCIES AND COMMITMENTS:

Adaptability: willingness to embrace change, test new ideas, and learn new ways of working.

Collaboration: eagerness to share resources and work with others toward organizational goals.

Fluency with technology: understanding that much of our work occurs in digital systems, which require ongoing learning.

Alignment with values and mission: understand and embrace our values and mission, in particular how they reflect our commitment to equity, diversity, inclusion and accessibility.

Sharing power: comfortable taking on leadership and followership roles.

LEADERSHIP COMPETENCIES

Additional expectations for this leadership role:

Activates Change: Highly adaptable and able to quickly assess situations and determine how to move objectives forward. Actively breaks down cultural and operational barriers to change while communicating and reinforcing the objective in ways that help people understand and embrace it.

Champions Innovation: Constructively challenges the prevailing wisdom or accepted ways of doing things. Pushes the organization to identify new approaches and uncover unconventional ideas that drive value using data and insights. Supports well-reasoned risks and new ideas.

Makes Sound Decisions: Possesses strong intellectual curiosity and the ability to analytically, conceptually and critically evaluate information to determine relative strengths and weaknesses of ideas and proposals. Comfortable managing ambiguity and balancing action with the appropriate level of risk.

LOCATION / TRAVEL

NALAC is headquartered in San Antonio, Texas. Some travel for board meetings and national convenings may be required (3-4 times/year.)

NALAC is open to flexible work schedule. However, candidates must live in or be willing to relocate to the greater San Antonio region and consistent travel to headquarters will be expected for in-person meetings, retreats, etc.

COMPENSATION AND BENEFITS

The compensation includes an annual salary of $100,000 – $120,000 and participation in the organization’s comprehensive benefits plan, which includes

  • Health insurance coverage of fulltime employees at 100% cost to NALAC
  • Health insurance coverage of eligible dependents fulltime employees at 25% cost to NALAC
  • 22 days of annual paid leave including vacation and approved holidays

NALAC is committed to equal opportunity for all persons without regard to sex, age, race, color, religion, creed, national origin, marital status, disability, or sexual orientation, and any other class of individuals protected from discrimination. NALAC is committed to maintaining a work environment that is free of unlawful discrimination. People of color, indigenous people, veterans, and people with disabilities are strongly encouraged to apply for positions.

HOW TO APPLY

Apply at the following link through the NALAC Submittable portal: https://nalac.submittable.com/submit/60177/nalac-job-and-internship-application

As attention to detail is critical for success in this role, only applicants who follow these specific application guidelines will be considered.