Chief Financial Officer, ABCD

Eos Transitions • Boston, MA

14d • Onsite

About The Position

Action for Boston Community Development (ABCD) is a nonprofit human services organization that serves approximately 100,000 residents each year, helping people move from poverty to stability and success through neighborhood-based programs. ABCD has 850 staff members and an annual operating budget of approximately $325 million.

Reporting directly to the President and CEO, the Chief Financial Officer provides fiscal leadership for the agency and leads a team of 12. The CFO oversees accounting, in-house payroll, financial operations, compliance with state and federal requirements, insurance and risk management, budgeting and financial reporting, and support for grants management, donor records, and human resources as needed. The CFO also works with ABCD leaders, staff, external financial partners, and the Board’s Finance Committee to support sound financial decisions and the effective use of agency resources.

This is a full-time, salaried, exempt, on-site position at ABCD’s headquarters on Tremont Street in Boston. The starting salary range is $210,000 to $240,000, commensurate with experience and qualifications. ABCD offers a comprehensive benefits package.

Requirements

• Ten to fifteen years of senior fiscal leadership experience, including prior experience in a CFO role.
• Experience at a social service agency or other nonprofit organization of comparable scale, with diverse revenue streams, complex reporting requirements, and exacting compliance.
• Bachelor’s degree in accounting or a related field.
• Deep understanding of nonprofit accounting, government and private grant funding and reporting, the regulatory environment, and compliance.
• Strategic financial thinking and understanding of the external environment and financial trends.
• Strong financial systems knowledge.
• Track record of timely monthly closings and clean annual audits.
• Ability to design and implement financial policies, systems, and procedures.
• Skill in analyzing departmental needs and promoting process improvement, efficient and accountable structures, and change management.
• Organized, hands-on leadership; ability to manage multiple priorities, adapt, and pivot in a fast-moving environment.
• Experience training, developing, and building finance staff; ability to delegate and hold staff accountable to agreed-upon goals.
• Ability to lead through influence and gain buy-in when change is needed, including in environments that may resist change or have organizational silos.
• Strong communication and interpersonal skills, including the ability to explain financial information clearly to non-finance staff.
• Collaborative approach to working with program directors and integrating finance with broader program goals.
• Passion for and alignment with ABCD’s mission and culture.

Nice To Haves

• CPA, another accounting certification, and/or an MBA.
• Exposure to Financial NXT.

Responsibilities

• Lead ABCD’s fiscal team and oversee the agency’s financial functions.
• Establish and implement financial management policies and procedures, ensuring appropriate controls and compliance with GAAP and applicable state and federal regulations.
• Identify and evaluate opportunities to improve financial operations, recordkeeping, and reporting.
• Maintain appropriate procedures and controls for cash, banking activities, and investments to ensure liquidity and sound investment decisions.
• Develop and maintain a comprehensive cost allocation plan and recordkeeping system that complies with donor, regulatory, accounting, and contractual requirements.
• Ensure assets are maintained and accounted for, including maintaining a fixed-asset inventory.
• Lead the external audit process, serve as the primary interface with independent auditors, and ensure accurate financial statements, including Form 990.
• Manage and supervise the financial aspects of human resources, including payroll processing.
• Oversee annual budget planning with fiscal staff and program leadership, developing income and expense projections.
• Provide monthly financial reporting against budget and recommend actions to maintain ABCD’s fiscal health.
• Work with departmental leaders to develop, track, and report key performance indicators and trends.
• Support donor and grant solicitation and reporting, and monitor contributed funds to ensure donor restrictions are met.
• Manage, review, and mentor fiscal staff; provide professional development opportunities and set performance and growth goals.
• Build a positive, customer-service-oriented team environment and promote accountability among fiscal staff.
• Advise senior leaders on fiscal considerations and provide scenario planning and financial analysis to support effective use of resources.
• Participate in the senior leadership team and strategic activities and initiatives.
• Attend board meetings and serve as liaison to the Board’s Finance Committee, providing fiscal and operational insight.
• Represent ABCD to external financial partners, including banks, insurance companies, and benefit companies.
• Support procurement of appropriate insurance coverage, including workers’ compensation, property, and liability coverage.
• Develop and negotiate overhead rates with federal agencies.

Benefits

• Health insurance, with 80% of the premium paid by ABCD.
• Dental insurance.
• Group life and disability coverage.
• 403(b) plan with an extremely generous employer contribution.
• Significant paid time off.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive