Chief Financial Officer Requisition Number 2022-6751 Overview

The Alfond Youth & Community Center (AYCC), Boys & Girls Club and YMCA of Greater Waterville, the only merged organization in the country established in 1924 operates a comprehensive network of facilities and programs serving Central Maine.  The AYCC is focused on strengthening our community by offering programs that create a positive impact with youth, teens, adults, families, and seniors. Our mission driven organization serves 85,000 hot free meals yearly, over 1,200 wellness members and 5,000 youth members averaging 400 children per day in our licensed childcare sites.

In addition to our central buidling of 100,000, the AYCC operates six (6) off sites after school centers, manages the outdoor municipal pool, owns, and operates a premier residential and day camp operation at Camp Tracy. The organization also has two MLB licensed replica baseball fields, Maine’s Fenway and Purnell Wrigley Field. AYCC the hosted the first Cal Ripken World Series this past year. We are proud of our 98 years of service to the community, but we remain even more hopeful about the impact upon our Central Maine communities yet to come. The organization has no debit and has annual budget of 6.5M. The AYCC has over 160 employees and is continuing to grow. The CFO will be an integral part leading the strategic initiatives for sustainability, innovative strategies, and data driven efforts moving forward.

Responsibilities

This position supports the work of the AYCC, a leading nonprofit, charitable organization committed to strengthening community through youth development, healthy living, and social responsibility. The Chief Financial Officer serves on the CEO’s senior leadership team; oversees and manages financial matters, investments, and information systems; and provides strategic initiatives and leadership for AYCC business operations. The Chief Financial Officer also positions the AYCC as a community convener and collaborator to address critical social issues. 

 

Supports the mission, vision, and strategic goals of the AYCC.

 

Operations:

Monitors monthly financial operations, prepares analysis, and reports, and gives guidance to executive and operating staff. Works closely with operations staff on issues that affect financial outcome. Secures and allocates program or project resources so that strategic objectives can be achieved. Prepares specific recommendations.Assists operations in finance operational strategies by completing financial modeling; establishing critical measurements; resolving problems; and implementing change for the AYCC. Provide independent perspective and constructively challenge, ensuring that business decisions are financially grounded while supporting strategy development and helping to enable execution.  Reviews, updates, and/or develops internal control systems for the AYCC and oversees internal audits which check for compliance on a variety of policies and standards. Provides recommendations for improvement.Develops performance indicators and measurement systems for tracking strategic plan objectives. Evaluates current business models and lead efforts to modify or redesign business models where necessary.

Relationships:

Manages the staff and oversees the operations of the accounting/finance, billing, and payroll departments.Works directly with assigned committee(s) of the board (Finance, Insurance, Investment, Audit, for example) build volunteer relationships, develop policies, monitor their implementation, and meet the related needs of the board.Maintains good working relationships with auditors, bankers, investment counselors, attorneys, and other professional advisors.Works with CEO and board members to recognize and develop relationships to advance the AYCC.Represent the AYCC at National and Regional peer group meetings and conferences.Supports fundraising campaign and events as required.

Financial:

Oversees and certifies the annual audit and meets periodically with the outside auditors to maintain communications and keep them informed of changes in the AYCC. Ensures that current accounting standards and legal requirements are met, including monthly reconciliation of all accounts.Manages investments, under the direction of the Finance & Investment Committee, and within the risk tolerance expressed by the Board via the asset allocation policy.Develops performance indicators and measurement systems for tracking strategic plan objectives. Evaluates current business models and leads efforts to modify or redesign business models where necessary.Oversees preparation of reports to YMCA and BGCA and governmental agencies including tax returns.Anticipates trends and their implications on the future of the organization. Manages investments, under the direction of the Investment Committee, and within the risk tolerance expressed by the Board via the asset allocation policy.

Budget:

Oversees the development of the annual operating budget, including all branch budgets. Guides the organization to make tough choices about what to stop, start, and continue. Works closely with operations staff to ensure that branch budgets are well-planned, realistic, and prepared in a timely manner.Establishes, maintains and/or monitors all banking and financing relationships and special transactions.Maintains all necessary records and accounting reports and records all transactions on a timely basis.

Perform other duties as assigned. 

 

Qualifications Bachelor’s degree in business, finance or equivalent; MBA, CPA or CMA is preferred.Eight (8) or more years of substantive experience in accounting and fiscal management.Helpful to have previous experience with voluntary/nonprofit organizations. Knowledge and understanding of general business matters required including budget development, financial reporting, GAAP, cash management, financial nonprofit laws and regulations, business taxes, banking, and debt financing instruments. Knowledge of computer and payroll systems, including experience with system selection, new system implementation and project management. Strong technology and computer skills required.Experience in effectively managing and developing a strong staff team.Possess an abiding commitment to diversity, inclusion, access and equity.Experience working with many different constituencies or stakeholders ranging from the Board of Directors and policy volunteers to budget managers to supervisors and direct staff.Ability to effectively present information to management, public groups and the board of directors, verbally and in writing.Experience with investment management and asset allocation preferred.Experience leading a cross functional project or assignment.Ability to pass criminal background check and Child Protective Services Check.