Chief Financial Officer (Pro Bono)

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The Chief Financial Officer (CFO) is a pro bono position for Rising Worldwide (formerly Rising International), a 501(c)(3) nonprofit organization. The position is held for a year and then re-appointed based on the Board of Directors, Executive Director and CFO’s desire to continue and perform for the organization. The position requires at least 16 hours a week.

Reporting to and in partnership with the ED, the CFO will be instrumental in developing the financial strategy/plan for building the financial case for donor investment in Rising Worldwide, supporting the organization’s mission and growth. The CFO will continue to build and manage effective and streamlined financial systems, including overseeing monthly accounting reconciliation of QuickBooks and ensuring our end-to-end process of acquiring global artisan goods and delivering them to our customers is efficient and effective.

The Chief Financial Officer is appointed by the Board of Directors and may be asked to join the Rising Worldwide's Board.

Strategy

• Contribute to the ongoing definition of Rising Worldwide's strategy for success and growth and create the financial plan to execute the strategy.
• Work with the Board of Directors on the business and financial health of Rising, recommending strategies for sustainability and growth.
• Serve as a key advisor and partner to the ED on the organization’s financial, budgeting, and end-to-end business processes, with an eye to continuously developing and improving systems.

• Prepare annual budget, financial forecasting, and cash flow analysis including organizational and grant projects.
• Present financial reports at every board meeting, including dashboard and KPIs. Provide commentary and recommendations as required.
• Ensure accurate coding to QuickBooks in collaboration with the bookkeeper. This includes introducing new codes and overseeing entries corrections. Review the current chart of accounts and suggest ways to improve project reporting.
• Work with the CPA accountant and the bookkeeper and contribute to the 990 form completion.
• Reports to funding agencies, development and monitoring of organizational and contract/grant budgets.
• Run donations (one-time and recurring) reports from various sources and supervise their entry into a central database.
• Prepare/Supervise bank reconciliations against sales invoices and donations.
• Train and supervise accounting interns whose tasks include production of monthly sales invoices, bank reconciliations, donations reporting and any ad-hoc projects.

• Develop and maintain systems of internal controls to safeguard financial assets of the organization and oversee federal awards and programs. Oversee the coordination and activities of independent auditors ensuring all A-133 audit issues are resolved, and all 403(b) compliance issues are met, and the preparation of the annual financial statements is in accordance with U.S. GAAP and federal, state and other required supplementary schedules and information.
• Ensure adequate controls are installed and that substantiating documentation is approved and available such that all purchases may pass independent and governmental audits.
• Ensure adequate cash flow to meet the organization's needs and raise any concerns to the ED.

• Review current CRM and other databases and suggest improvements.
• Seek to integrate various IT systems.
• Contribute to the website improvement.

• Contribute to the procurement strategy.
• Oversee stock management.

Qualifications

The Chief Financial Officer will have five to eight years of professional experience managing the finance and administration of a high-growth multimillion-dollar organization, with preference given to nonprofit experience. CFO will have experience creating and driving the analytic framework for planning and managing organizational change in a highly entrepreneurial organization. Experience working with volunteers desirable. The Chief Financial Officer will have the following experience and skills:

• Bachelor’s degree (MA/MBA preferred) in Business, Management, or Finance; a CPA is highly desirable.
• Demonstrated experience and strong analytic skills in financial management and accounting, ideally in the nonprofit sector, including audit, compliance, budget, and resource development. A retired CFO is highly desirable.
• Demonstrated resourcefulness in setting priorities, proposing new ways of creating efficiencies, and guiding investment in people and systems.
• Technologically savvy, with an ability to point to examples of having worked with IT professionals to develop and implement new processes and systems that increased efficiency in a fast-moving environment.
• Excellent people skills, with experience collaborating in a multi-disciplinary, diverse, and dynamic team. Proven effectiveness leading professionals, volunteers and interns in finance and accounting.
• Flexible and a self-starter; able to multi-task while also being highly detail oriented, well-organized and execution oriented.
• Personal qualities of integrity, credibility, and a commitment to Rising International’s mission to increase the self-sufficiency of economically vulnerable women in America and in the poorest places across the globe.
• Proficient in Microsoft Office products, especially Excel, PowerPoint, QuickBooks, Internet Content Management System (CMS); e-commerce experience is highly desirable.