Chief Financial Officer

The Chief Financial Officer is an integral member of the leadership team. This is a shared position between two YMCA’s in adjacent counties.


Old Town-Orono YMCA


Old Town, ME 04468-2133

Job Description

The CFO will oversee and manage all financial matters, investments and information systems

including giving direction and leadership for YMCA business operations and strategic initiatives.

As a member of the Executive Staff, the CFO will work closely with the Board of Directors, YMCA

Foundation, and serve as the staff liaison to the Finance, Audit, and Investment Committees.


Bachelor’s degree in business, finance, or equivalent; MBA, CPA or CMA designation

highly preferred. Minimum of a Bachelor’s degree in business, finance or accounting.

 Experience as an accomplished professional with ten or more years of increasing

responsibility in financial management culminating in CFO or Controller level

responsibilities, preferably in the nonprofit sector.

 Must be meticulous and highly detail oriented with a high level of personal integrity and

uncompromising ethical standards; experienced in working with confidential material.

 Must display excellent understanding of accounting principles, have excellent

organizational skills and follow through. Must be able to work independently; multitask;

and possess excellent communication (written/verbal) and time management.

 Knowledge and understanding of general business matters required including budget

development, cash management, business taxes, and debt financing instruments.

 Knowledge of computer technology including experience with system selection, new

system implementation and project management. Committed to up to date software

and best practices.

 Experience with investment management and asset allocation preferred.

 Understand the importance of the financial stability of the association along with being a

visionary in planning for short and long-term growth.

 Human relations skills with the ability to effectively relate to staff, volunteers and

community members.

 Adeptness at making decisions and assessing complicated issues in a collaborative and

inclusive environment

 Demonstrated leadership working with diverse teams in a values-based organization

Essential Functions


Key member of Executive Staff

 Works directly with assigned committee (s) of the Board to build volunteer relationships,

develop policies, monitor their implementation and meet the related needs of the


 Leads the annual budget process, educates, trains and evaluates effectiveness of current

process and makes recommendations and changes as needed. Additionally, reviews the

budgets with the Finance Committee and prepares budgets for Board approval.

 Monitors monthly financial operations analysis and guidance to management staff.

Prepares specific recommendation, analysis and projections for CEO’s.

 Manages/supervises the administrative office finance staff, oversees the operations of

the Accounting/Finance department to include oversight of payroll function and

processing procedures to ensure compliance with all applicable state and federal laws,

record keeping requirements.

 The coordination of the assessment, development, documentation, implementation and

administration of the financial policies and procedures. Responsible for the design and

implementation of programs and controls to prevent and detect fraud and incorporate

into accounting manuals. Ensure compliance with current accounting laws and

regulations according to FASB and GAAP.

 Strategic and tactical planning for the Association’s finances generated from operations;

investment portfolios; developing capital financing programs; analysis and

implementation of the strategies that grow the asset base of the Association in terms of

all revenue sources, fund-investment, facilities, Information Technology and properties.

 Manages the investment of operating cash flow, reserves and capital funds within the

risk tolerance expressed by the Finance Committee and Board including, developing a

reliable cash flow projection process and reporting mechanism which includes a

minimum cash threshold to meet operating needs.

 Coordinates annual external Audit under the discretion of the Finance/Audit Committee.

Assists external auditors, presents documents and answers questions relative to the

operating and financial integrity of the Association. Directly responsible for the accuracy

of the audit and efficiency of all systems throughout the year.

 Oversees preparation of reports to, YMCA of the USA and governmental agencies as

needed. Oversees preparation of tax returns and Form 990. Prepares or supervises the

preparation of outside reports and filings.

 Oversees the maintenance of all government contracts and grants. Follow YUSA Best

practices for financial management and operations. Collects and maintains/supports

data on government contracts and grants.

 Performs internal audits of various branch operations and each branch as a whole and

reports results to the CEO.

 Develop reliable operating pro-formas, financial modeling and analysis to identify

opportunities and risks associated with projects, ventures and programs.

 In consultation with the Facilities/Properties Director, develop strategic plans for all

purchasing in the association. Negotiate vendor bids, agreements, bids, contracts and

services to ensure optimum service and pricing for the Y.

 Administer, enforce, and update the YMCA’s document retention policy.

 Responsible for educating the Board of Directors so that they have a complete

understanding of the association’s financial statements and financial standing.

 Acquires financing for various expansion and capital need projects and manages debt

load according to association goals and objectives. Responsible for all lease

arrangements for the Association.

 Conducts bi-annual cost study which provides valuable planning information for each

department of management area.

 Maintains good working relationships with auditors, bankers, investment counselors,

attorneys and other professional advisors to the Association.

 Serves as the financial liaison with local, State and Federal agencies. Prepares and

submits all financial reports of the Association within determined deadlines.

 Assist the CEO with special projects and other tasks as requested.

How to Apply

Apply Online

Opens in a new window

Apply by Email

Resumes Accepted Until

Jan. 22, 2021

Bookmark and Share