The John R. Oishei Foundation is seeking a Chief Financial & Impact Investment Officer (CFIO), a newly created position that will collaborate directly with the President and Board to guide the Foundation's strategic vision and enhance its financial capabilities and investment portfolio to provide expert advice and sound leadership for the Foundation. The CFIO oversees the financial, investment, and operational aspects of the Foundation. The successful candidate will join the team at an exciting moment in the Foundation’s development, as a new President leads the organization through an updated strategic plan to significantly enhance the positive impact on our community.
The successful candidate will add value in strategic thinking and thought leadership to support the generation and implementation of new impact investment ideas, financial, and performance outcomes. The CFIO will lead the development and execution of the Foundation's Impact Investment plan. This includes both Program-related investments (PRIs) and Mission-related investments (MRIs). The position provides a unique opportunity for a self-directed individual to play a critical role in building a new impact investing strategy, in support of the Foundation’s mission, from the ground up.
Finance Leadership (65% of time)
- Develop and execute the financial strategy and administration.
- Lead annual budget process, cash flow and long-range financial forecasting.
- Provide day-to-day management of finance, accounting, and administrative systems, maintaining excellent financial controls, records, policies, and procedures.
- Effectively works with the Board of Directors, Finance | Audit Committee and Investment Committee.
- Oversees the Grants administration function of the Foundation.
- Coordinate the preparation of audits, tax returns and all financial filings required by law, as well as ongoing monitoring of budgets and spending.
- Serves as a “consultant” with program officers on grantees’ financial matters, making recommendations and suggesting proactive strategies to enhance the impact of our grantee partners.
Impact Investment Leadership (25% growing over time)
- Coordinate, monitor and report on the Foundation’s investment portfolio performance. Serve as primary contact with investment advisors, impact investment partners and Investment Committee.
- Develop, implement and manage the Foundation’s impact (MRI and PRI) investment plan in collaboration with the President, Investment Committee and consultants. Identify and/or create partnerships and/or transactions where debt, equity or guarantees can further mission and financial objectives; manage transactions; and monitor the financial and programmatic performance over time. This will include:
- Leading the research, development, and implementation of scalable, multi-asset class investments
- Defining MRI & PRI goals, measurement, strategy, and investment criteria that support Foundation’s overall mission and strategy
- Leading due diligence on new investment opportunities through research and financial modeling
- Identifying external sector investment partners, cultivate relationships to leverage Foundation investments with funds from other aligned investors
- Staying current on relevant research and findings on impact investing, translating learnings to the local context to build local community development capacity
Operations Leadership (10%)
- Manage administrative, operations, and facilities functions to ensure efficient and consistent operations.
- Process Improvement: Leads or participates in initiatives or activities that evaluate and improve the quality, productivity, and response time of the Foundation’s core business processes.
- Serves as the liaison with the external Professional Employment Organization in areas of regulatory compliance, employee manual review and revision, policy changes, benefits program review and selection, education of Team Members on benefits programs, completion and submission of employment and benefit plan documents.
- Works with IT providers to pro-actively research, implement and regularly review technology solutions that increase productivity, accomplish organizational needs and objectives in an efficient and effective manner and ensure IT security.
- Oversee management of Foundation facilities.
- Oversee enterprise risk management, insurance and legal.
- Lead and mentor operations/finance team - currently two team members.
- 10+ years of experience in finance, banking, private equity or accounting.
- B.S. degree or Master’s level academic training in Accounting, Finance or Economics. Candidates with noted experience are encouraged to apply irrespective of degree.
- Strong written, verbal communication and organizational skills.
- Ability to translate financial concepts to and effectively collaborate with colleagues who do not necessarily have finance backgrounds.
- Proven financial analytical skills including ability to identify risks, opportunities, trends, and relationships.
- Experience in leading and supporting organizational change efforts.
- Successful professional experience in leading, managing, and supervising diverse teams and interacting with boards of directors.
- Demonstrated success in designing and sustaining management and operational plans to advance long-term goals.
- An informed perspective on racial equity and demonstrated cultural competence
- Impact – mission-driven. Visible passion for breaking new ground to lead social change.
- A hands-on collaborator who takes pride in team accomplishments and is flexible to fill any gaps needed to achieve goals.
- Unquestioned integrity and moral character.
- Demonstrated capacity for self-reflection and a low-ego personal style.
- Advanced skills in QuickBooks and MS Office: Word, Excel, PowerPoint, Access, and MS Publisher with an ability to learn new software systems.
Learn more here. Please send a letter of interest highlighting key qualifications and resume to firstname.lastname@example.org. We will contact you regarding next steps. Thank you!