CAPSTONE LEGACY FOUNDATION

POSITION TITLE: CHIEF FINANCIAL OFFICER

REPORTS TO: CHIEF EXECUTIVE OFFICER

POSITION SUMMARY

Collaborate with the President/CEO and senior leadership to develop and implement financial strategies that align with the foundation's mission and goals.  Foster a culture of high performance, continuous improvement, and ethical behavior within the organization. Set the financial vision, strategies, and policies for long-term financial health and risk management.

Finance and Accounting

• Overseeing all financial operations, ensuring strong internal controls and compliance with financial reporting best practices and regulations (GAAP, federal and state).

• Provide oversight of the development and execution of the annual budget and financial plans.

• Prepare timely and accurate financial statements and reports for internal and external stakeholders, including the board of directors, MCPs and donors.

• Investment management – manage cash transfers between investment and bank accounts, work with Chief Investment Officer on investment strategies

• Ensure the accuracy of all reporting and the security of financial information

• Oversight of annual audit effort; liaison with CPA firm as required

• Conduct financial analysis, forecasts, and build model to help with decision-making. 

• Develop key performance indicators (KPIs) to measure programmatic and fundraising effectiveness. 

• Work with Board on investment strategies

• Perform bank reconciliations, monitor cash flow and develop cash management strategies

• Cash management – oversee day-to-day operations performed by financial personnel, including tracking cash flow for SG&A, managing corporate credit, and  transaction accounting

• Work with finance personnel to build systems and processes and the arrangement of payments

• Hire, develop, and oversee financial and accounting personnel

General and Administrative

• Contract review working with in-house counsel as necessary

• Administer banking relations

• Responsible for risk management, compliance, and corporate insurance – Business insurance; workers comp; D&O; E&O application; and cyber policy; obtain insurance certificates for various activities such as meeting venues and vendors as required

• Sales tax matters including various appeals for exemption.

• Research tax, and giving issues and strategies

• Occasional office management work such as dealing with property management company and with vendors

• Administer health insurance plan

• Various payroll matters: approve semi-monthly payroll; new employee forms; Unemployment work as needed; State registration to do business due to new employee location outside Pennsylvania

• Give input and review operations procedures, forms, and marketing materials

• Occasional meetings, phone conferences and research on grant requests involving questionable grantees, personal inurement or other potentially complicated and risky situations

• Work with computer support (vendor) as needed

Donor and MCP duties

• Prepare annual, quarterly, and monthly reports for sponsored projects/organizations (MCPs)

• Prepare quarterly DAF reports

• Year-end reporting including IRS form 1099 (done each January) and year-end donation reports for donors.

• Foreign tax issues for MCP events overseas

• Work with legal on documents and agreements

• Vetting of new grantee for donor grant requests; obtain board approval

• Address and respond to queries from DAF and donors and MCP project personnel

Fundraising and Business Development

• Work with executives as needed on on-boarding of new business and donor opportunities

• Attends and makes presentations on planned giving ideas for potential donors

• As required, work on grant applications to foundations

• Assists in developing monetary and strategic goals for fundraising program

Other

• Assists CEO with assigned tasks

• Attends board, Executive Leadership Council and staff meetings as directed

• Attends training and workshops as directed

• Involvement in the research, review, implementation of systems

  
  

Required Education & Experience:

Candidates must possess a bachelor’s degree in business administration or a related academic field from an accredited institution.  A master’s degree in a relevant discipline is a welcomed addition.

Candidates must possess five to seven years of management or leadership in a for profit or nonprofit setting. Nonprofit leadership is preferred.

Character

• Candidate must be a strong believer in Jesus Christ and able to affirm without reservation the STATEMENT of FAITH (*See Below)

• A servant leader who values humility- seeks the position from a genuine sense of call, not a desire to be the “star” of the show.

• Self-starter

Core Competencies 

• Operations and Business Administration background with experience of leading a finance or accounting team

• Experience with major donor development tactics

• Experience with planned giving solutions and the tools to market them to new clients

Chemistry with Culture

• Community-oriented with a desire to be engaged

• Must possess a high value and appreciation for prayer and worship

• Willing to submit to and respond well to accountability to CEO and the Board

• Strong commitment to support the country through prayer, generosity, and education. 

• Strong belief that God is at work in the United States of America and work to support causes that make her stronger

Compensation and Benefits

While Capstone does not know exactly what it will take to bring the right person on board, initial conversations will start with an executive salary in the $130k-150k range. Annual bonus structure can be discussed in a personal interview.

• Health Insurance

• Life Insurance

• Vision coverage

• Dental insurance

• Relocation expenses

• Travel expenses for company business reimbursed 100%