Organization Budget: $13.5M Number of Members: 12,500+
Number of Employees: 700 Number of Volunteers: 400
The McGaw YMCA in Evanston, Illinois is recruiting for a Chief Financial Officer (CFO). The CFO is a member of the association’s Core team, reports to McGaw’s President/ CEO and supervises four Directors.
The McGaw YMCA is an open, charitable membership association. Founded in 1885, our mission is to promote growth in spirit, mind and body through programs and services that strengthen community for all people in Evanston. The McGaw YMCA has a long history of supporting youth development, healthy living and social responsibility.
While McGaw has all of the features of traditional YMCAs (gym, exercise and aquatic facilities), it has a number of facilities that make it unique among its counterparts nationwide. These include a men’s residence, a NAEYC-accredited children’s center, and a residential camp in Michigan that welcomes more than 1,800 youth every summer.
Among its many offerings for people of all ages, McGaw is a respected provider of programs for all youth in the community. These programs promote academic readiness and success through specialized instruction, enrichment activities, tutoring and mentoring. They include Head Start, Y-Readers, Y-Achievers and MetaMedia, a digital media program and maker space for middle school youth.
McGaw’s current financial environment driven by increasing community needs, heightened external competition for services, increased compliance and certification requirements and externally mandated/ imposed costs will create a challenging environment for the foreseeable future.
This is an exciting opportunity for an experienced, self-assured, financial executive. Working in concert with the President/ CEO, the CFO will establish the financial protocols and programs needed to ensure the long-term financial sustainability of the association.
Success in this role will be determined by the sustained financial health of the association.
Performance indicators include the following:
Meeting or exceeding the yearly budget of the association.
Providing sufficient funding for on-going capital needs and requirements.
Maintaining/ increasing the level of the Investment Account.
Ensuring the ability to take on debt where appropriate without risking the association’s credit worthiness.
Maintaining a high level of team work and customer service.
Delivering proactive and effective financial reporting.
Key Roles and Responsibilities
The CFO will:
Lead the development of the association’s budgeting, strategic planning and forecast processes.
Develop and maintain strong, fit-for-purpose, policies, procedures and processes that provide appropriate internal controls needed to protect association assets including cash receipts, disbursement for operations, capital expenditures and fixed asset, payroll and record retention.
Develop an effective/ competent Finance and IT team that is thorough, dependable and customer-focused.
Ensure timely and effective financial reporting both internally and externally.
Establish and maintain sound relationships with banks.
Appropriately manage investments, debt and cash flow.
Manage the association’s risk management and insurance activities.
Ensure that all required tax filings are in compliance with state and federal regulations and filed on a timely basis.
Lead and support the association’s IT and systems-related activities and processes.
B.S. in Business, major in Accounting; an MBA a plus.
C.P.A. is highly desired.
A minimum of 15 years in managing accounting/finance operations including CFO experience; audit experience a plus.
Broad business experience.
Experience managing IT operations and related systems.
Knowledge and experience in working within diverse organizations.
Experience working with many different constituencies or stakeholders ranging from the Board of Directors and policy volunteers to McGaw budget managers.
Knowledge of not-for-profit fund accounting is desirable.
The ideal candidate will:
Be an effective listener and effective collaborator.
Display a commitment to openness and transparency.
Possess a deep and abiding commitment to diversity, inclusion, access and equity.
Have a demonstrated ability to make tough decisions to move the association forward.
Consistently model the values of the McGaw YMCA: Caring, Honesty, Respect and Responsibility.
Additional Salary Information: Salary is commensurate with experience.
Key benefits include: medical/vision, dental, short and long term disability, paid time off, YMCA membership and YMCA Retirement Fund.