Chief Financial Officer

The Opportunity Alliance • South Portland, ME

8d • $150,000 - $160,000 • Hybrid

About The Position

The Opportunity Alliance is looking to fill our Chief Financial Officer (CFO) position with our Finance department. The Chief Financial Officer (CFO) is a senior leadership position and a strategic financial leader responsible for the fiscal integrity of the organization, ensuring strong financial management, compliance with federal and state funding requirements, and long-term financial sustainability. This position, with a collaborative leadership style, ensures timely and accurate financial data, short and long range financial planning, cash management and financial expertise to the President & CEO, the Board, Finance Committee, Senior Management, and Program Directors. The CFO oversees all financial functions, including budgeting, cash flow management, financial reporting, risk management, and grants compliance. This role ensures the agency maintains federal grant compliance (2 CFR Part 200 - Uniform Guidance), adheres to generally accepted accounting principles (GAAP), and follows best practices for nonprofit financial management. Schedule: Full-time, 40 hours per week, salaried position. Regular business hours M – F. Location: Office is located in South Portland, ME. Potential for hybrid schedule but regular onsite presence will be required.

Requirements

• Bachelor’s degree in Accounting, Finance, or related field required.
• Minimum 7-10 years of nonprofit financial management experience, with federal and state grants administration expertise preferred.
• Experience with federal grant compliance (2 CFR Part 200 - Uniform Guidance) and Single Audit oversight.
• Strong understanding of nonprofit accounting, financial reporting, GAAP, and internal controls.
• Proficiency in fund accounting, budget preparation, cost allocation methodologies, and cash flow forecasting.
• Knowledge of federal and state grant reporting, indirect cost recovery, and OMB Circular A-133 (Single Audit).
• Experience with financial management software (Workday, MIP, Blackbaud, etc.).
• Familiarity with contract budgets, state Medicaid/Medicare reimbursement, and financial risk management.
• Demonstrated business acumen, strategic thinking, and problem-solving abilities.
• Strong communication, collaboration, and leadership skills to engage both financial and non-financial stakeholders.
• Ability to train and support Program Directors and Senior Leadership in financial literacy and decision-making.
• Must pass criminal background, child protective service check & sex offender check (for contracts with Rider D).
• Must not be on state or federal suspension or debarment lists.
• Normal office conditions such as sitting, with occasional standing, walking, reaching, stooping, bending, kneeling, crouching, typing and lifting up to 10 pounds.
• Driving may be necessary to attend meetings and trainings but is not a primarily and essential job responsibility.

Nice To Haves

• Master’s degree (MBA, MPA) and/or CPA strongly preferred.
• Minimum 7-10 years of nonprofit financial management experience, with federal and state grants administration expertise preferred.

Responsibilities

• Ensuring strong financial management
• Compliance with federal and state funding requirements
• Ensuring long-term financial sustainability
• Ensuring timely and accurate financial data
• Short and long range financial planning
• Cash management
• Providing financial expertise to the President & CEO, the Board, Finance Committee, Senior Management, and Program Directors
• Overseeing all financial functions, including budgeting, cash flow management, financial reporting, risk management, and grants compliance
• Ensuring the agency maintains federal grant compliance (2 CFR Part 200 - Uniform Guidance)
• Adhering to generally accepted accounting principles (GAAP)
• Following best practices for nonprofit financial management

Benefits

• Generous paid time off accrual
• 9 paid holidays per calendar year and up to 3 floating holidays per calendar year
• Excellent medical benefits at very reasonable cost
• Dental and Vision insurance options
• Agency paid basic life insurance and STD & LTD disability insurances
• 403(b) retirement with a generous agency match (all employees are eligible)
• Tuition Reimbursement – offered once per year through an application process
• The Opportunity Alliance (TOA) is a qualified employer under the Public Service Loan Forgiveness (PSLF) program.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Number of Employees: 101-250 employees