Fractional Finance Consultant

Elba Hope Foundation • New York, NY

1d • $4,000 - $5,000

About The Position

The Elba Hope Foundation is seeking an experienced nonprofit finance consultant (CPA or equivalent) to serve as a trusted financial advisor to leadership. This consultant will provide independent financial oversight, strengthen financial systems and reporting, and support strategic decision-making as the Foundation continues to grow. This engagement is designed to complement—not replace—our existing bookkeeping and accounting functions. The consultant will work alongside the Executive Director, Director of Operations, accountants, and Trustees to ensure accurate financial reporting, improve financial infrastructure, strengthen internal controls, and establish scalable processes that support the Foundation's programmes, fundraising activities, grants, and annual audit requirements.

Requirements

• Experienced nonprofit finance consultant (CPA or equivalent)
• Provide independent financial oversight
• Strengthen financial systems and reporting
• Support strategic decision-making
• Ensure accurate financial reporting
• Improve financial infrastructure
• Strengthen internal controls
• Establish scalable processes
• Conduct a comprehensive review of the Foundation's current financial position
• Reconcile financial information and assumptions across budgets, forecasts, and accounting records
• Assess short-term and medium-term cash flow projections
• Evaluate financial reporting currently provided to leadership and Trustees
• Identify financial risks, inconsistencies, or areas requiring clarification
• Provide a concise Financial Assessment Report
• Advise on financial forecasting and scenario planning
• Review cash flow projections and liquidity planning
• Support financial planning for new initiatives, grants, and major projects
• Provide financial analysis to support strategic decision-making
• Support the preparation of financial reports and materials for Trustee and Finance Committee meetings
• Recommend improvements to financial reporting, forecasting, and budgeting practices
• Advise on financial systems, templates, and operational processes that improve consistency, transparency, and audit readiness
• Design monthly financial reporting packages for leadership and Trustees
• Recommend key financial dashboards and performance indicators
• Improve grant financial tracking and reporting processes
• Review chart of accounts structure and program cost allocation methodologies
• Advise on internal controls, approval workflows, and financial governance
• Reviewing document retention practices and audit preparedness
• Identifying opportunities to improve collaboration between leadership, bookkeepers, accountants, auditors, and funding partners

Nice To Haves

• Serve as an independent advisor during significant financial discussions.

Responsibilities

• Conduct a comprehensive review of the Foundation's current financial position to establish a shared financial baseline for leadership, Trustees, and external funding partners.
• Review current budgets, financial statements, actual expenditures, and cash position.
• Reconcile financial information and assumptions across budgets, forecasts, and accounting records.
• Review grant funding, donor restrictions, funding commitments, and major liabilities.
• Assess short-term and medium-term cash flow projections.
• Evaluate financial reporting currently provided to leadership and Trustees.
• Identify financial risks, inconsistencies, or areas requiring clarification.
• Meet with leadership to discuss findings and recommendations.
• Provide a concise Financial Assessment Report that includes: Current financial position and organizational financial health, Key financial risks and observations, Recommendations for immediate improvements, Priority actions to strengthen financial management, A validated financial baseline to support strategic planning, fundraising, grant applications, and Board reporting.
• Review organizational and program budgets.
• Advise on financial forecasting and scenario planning.
• Review cash flow projections and liquidity planning.
• Support financial planning for new initiatives, grants, and major projects.
• Review grant budgets and financial compliance requirements.
• Provide financial analysis to support strategic decision-making.
• Support the preparation of financial reports and materials for Trustee and Finance Committee meetings, providing analysis and recommendations to strengthen financial oversight and strategic decision-making.
• Participate in leadership or Trustee meetings as requested.
• Serve as an independent advisor during significant financial discussions.
• Recommend improvements to financial reporting, forecasting, and budgeting practices.
• Be available for ad hoc questions.
• Advise on financial systems, templates, and operational processes that improve consistency, transparency, and audit readiness across the Foundation.
• Design monthly financial reporting packages for leadership and Trustees.
• Recommend key financial dashboards and performance indicators.
• Improve grant financial tracking and reporting processes.
• Review chart of accounts structure and program cost allocation methodologies.
• Advise on internal controls, approval workflows, and financial governance.
• Reviewing document retention practices and audit preparedness.
• Identifying opportunities to improve collaboration between leadership, bookkeepers, accountants, auditors, and funding partners.

Benefits

• Fixed fee of between $4,000 - $5,000 for Phase One
• Monthly strategic financial advisory services retainer for an initial six-month engagement (Phase Two)

What This Job Offers

• Career Level: Senior