Chief Financial Officer

Responsibility Statement:
As Chief Financial Officer, you are expected to embrace the vision of NHM as outlined by the BOD and Executive Director. Using leadership in your role, you would then ensure the implementation of that vision within your realm of influence in the organization.

The responsibility of the CFO is to lead the stewardship team in initiating and providing accurate, timely, visual and reports and creating projections that inform decision makers effectively. He will ensure that adequate finances are available to continue operations, suitable insurance is maintained, and legal requirements are met in the best interest of New Horizons Ministries.

As a member of the NHM Leadership Team, additional tasks may be assigned at times by the Executive Director or through Leadership Team Consensus. Consideration will be given to your current workload and duties.

Key Result Areas:

LMA (20%): Provide leadership, management, and accountability for the following direct reports.

• Controller
• CFO Assistant
• IT Administrator
• Property Maintenance Supervisor
• Legacy Project Manager

Develop Financial Vision and Leadership (20%):

• Lead the directors in preparing the annual mission budget.  Develop good forecasts and reliable benchmarking data.  Ensure directors are well informed of budget status and assist in correcting expense overtures and income shortfalls as needed.
• Communicate overall financial position to Board of Directors on a regular basis.  Submit a bi-monthly written report to inform the board and staff of the current financial state and challenges.  Present a comprehensive written, graphic, and verbal financial report to the Executive Committee and Board of Director meetings.
• Be a positive, dependable, and capable asset to leadership team.  Work closely with the Executive Director in steering the organization in the best direction.  Help the company make strategic decisions by taking an active role in financial analysis and management.  Participate in leadership meetings and key decisions as a member of the executive management team.
• Lead out in administrative functions of board meetings.  Work with executive director on setting a schedule and agenda, ensure packets are created and distributed in a timely manner, work with board secretary regarding board member terms and nominations.  Update staff info and BOD contact info.  Work with EC on annual BOD offering designation.
• Develop and implement the vision for long term financial trajectory.  Develop and update 5 year plans and capital budgets, set the priority and funding plans for long term projects.  Implement dashboards with metrics and interpretations to generate financial analysis for decision making.

Operations (50%):

• Lead out in facilitating the annual financial audit.  Schedule dates, set best practices in place to ensure an efficient process, work with third party on filing 990 in a timely manner, communicate results to the EC.
• Oversee tax/IRS related issues for the organization.  This includes filing annual IRS submittals (1099, 1098, 1096) or filing for necessary tax exemptions, annual filings with CO secretary of state, annual filings for state charitable solicitation registrations.
• Provide oversight and accountability to the IT department.  Meet with IT Manager on a regular basis, ensure IT strategies are being implemented.
• Work alongside HR department on compensation structure and plans.  Ensure payroll budgets are followed and provide accountability to biannual compensation reviews.

Financial Risk Management (30%):

• Monitor and improve the financial health of company.  Control the cash flow position throughout the organization, understand sources and uses of cash.  Oversee and monitor any monetary investments.  Manage the opening or closing of all bank accounts. 
• Ensure proper financial and accounting processes and procedures are followed.  Provide accountability to CFO Assistant and Controller to ensure GAAP is followed for record keeping and financial statements.  Issue approvals for high level accounting tasks (journal entries, account reconciliations, payroll registers).
• Maintain adequate insurance coverage is in place throughout the organization.  Work with insurance companies to requote as needed.  Maintain proper balance between affordability and necessary coverages.
• Manage subsidiary companies.  Ensure proper use of subsidiary companies to limit risk of litigation that would affect operations.  Oversee and manage relationships between subsidiaries.  Implement best practices for expense allocations between subsidiaries.     
• Maintain and implement new organizational policies as needed.  Ensure procedures and policies are kept up to date.  Draft and implement new policies and procedures as needed and ensure proper approval procedures from board of directors are followed.

Desired Skills & Qualifications:

Team Member Category

• Ministry Team Member at New Horizons Ministries

Basic Skills

• Active Learning– Understanding the implications of new information for both current and future problem-solving and decision-making.
• Active Listening– Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Critical Thinking– Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
• Learning Strategies– Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
• Mathematics– Using mathematics to solve problems.
• Monitoring– Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
• Reading Comprehension– Understanding written sentences and paragraphs in work-related documents.
• Speaking– Talking to others to convey information effectively.
• Writing– Communicating effectively in writing as appropriate for the needs of the audience.

Social Skills

• Coordination– Adjusting actions in relation to others’ actions.
• Instructing– Teaching others how to do something.
• Negotiation– Bringing others together and trying to reconcile differences.
• Persuasion– Persuading others to change their minds or behavior.
• Service Orientation– Actively looking for ways to help people.
• Social Perceptiveness– Being aware of others’ reactions and understanding why they react as they do.

Complex Problem-Solving Skills

• Complex Problem Solving– Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Technical Skills

• Quality Control Analysis– Conducting tests and inspections of products, services, or processes to evaluate quality or performance.
• Technology Design– Generating or adapting equipment and technology to serve user needs.
• Troubleshooting– Determining causes of operating errors and deciding what to do about it.

Systems Skills

• Judgment and Decision Making– Considering the relative costs and benefits of potential actions to choose the most appropriate one.
• Systems Analysis– Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
• Systems Evaluation– Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.

Resource Management Skills

• Management of Financial Resources– Determining how money will be spent to get the work done, and accounting for these expenditures.
• Management of Material Resources– Obtaining and seeing to the appropriate use of equipment, facilities, and materials needed to do certain work.
• Management of Personnel Resources– Motivating, developing, and directing people as they work, identifying the best people for the job.
• Time Management– Managing one’s own time and the time of others.

Desktop Computer Skills

• Spreadsheets- Using a computer application to enter, manipulate, and format text and numerical data; insert, delete, and manipulate cells, rows, and columns; and create and save worksheets, charts, and graphs.
• Presentations- Using a computer application to create, manipulate, edit, and show virtual slide presentations.
• Internet- Navigating the Internet to find information, including the ability to open and configure standard browsers; use searches, hypertext references, and transfer protocols; and send and retrieve electronic mail (e-mail).
• Navigation- Using scroll bars, a mouse, and dialog boxes to work within the computer’s operating system. Being able to access and switch between applications and files of interest.
• Word Processing- Using a computer application to type text, insert pictures, format, edit, print, save, and retrieve word processing documents.
• Databases- Using a computer application to manage large amounts of information, including creating and editing simple databases, inputting data, retrieving specific records, and creating reports to communicate the information.

Leadership Skills

• Lead Tasks- The ability to lead out with projects/tasks and consistently finish what they start.
• Lead People- Taking leadership seriously and leading by example. Effectively able to coordinate people for assignments.
• Lead Culture- The ability to effectively make decisions that are a catalyst for change and process cultural impact and growth opportunities.

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