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Community Foundation of Northern Nevada Logo

Current Openings

Chief Financial Officer

Reno, Nevada (remote up to 40%)
Background:

Since 1998, the Community Foundation of Northern Nevada has pursued a mission to strengthen our community through philanthropy and leadership by connecting people who care with causes that matter. Over 24 years, we have distributed more than $155 million in grants and scholarships from 270 charitable funds to strengthen our Nevada home. Our core work on behalf of our donors and the communities of Northern Nevada is philanthropic advising, grantmaking, charitable asset investment management, leadership, and community engagement.   We are preparing for a phase of rapid growth that reflects the large growth of our region, the on-going transfer of wealth, the increased professionalism of our nonprofit sector, and the increased need for support within communities that have been left behind through our region’s growth. 

Position Summary:

The Community Foundation is seeking a CFO to lead the Finance Team through this next phase of growth. The CFO role is the result of a new finance team structure where the CFO will oversee the accounting team while leading strategic Finance projects for the Foundation that will underpin our ability to grow rapidly.  Our ideal candidate is comfortable across a wide range of corporate finance, and has experience leading an accounting team, supporting a board or executive team through the financial side of strategic planning, and supporting externally facing teammates (like Sales, Fundraising, or Marketing).

The CFO reports to the CEO, and leads a team comprised of both a Controller and Accountant who run day-to-day financial operations and implement financial policies and controls. The accounting team ensures regular financial reporting, auditing, and fundholder statements are delivered accurately and on-time.  The CFO will support Board and CEO decision making through financial analysis involving cost accounting, customer lifetime value, and budgeting for 1 and 3 years. The CFO will also lead discussions and execution of financial strategy specific to Community Foundations. Working with a wide range of stakeholders across the Board, our Financial Advisors, and Investment Consultants, the CFO will refine our Investment Policy Statement, set a direction on Impact Investing, and manage approximately $30 million in illiquid assets.  Finally, the CFO will support our externally facing teammates by ensuring finance-related communications are high-quality, and supporting fundholders to optimize their investment options or make non-cash or complex gifts.

Priority Qualifications:
  • Bachelor’s degree in Finance or Business
  • MBA, MFA, or CPA preferred
  • 10-15 years of experience in increasingly challenging Finance roles
  • Successful experience as a CFO leading a small team of finance professionals
  • Successful experience collaborating with and supporting external-facing teammates, like Sales, Marketing, or Fundraising, to grow the organization 
  • Successful experience engaging boards or leadership teams in strategic financial discussions supported by rigorous financial analysis
Skills and Abilities:
  • Demonstrated ability to lead a finance team through consistent, accurate reporting, separation of duties, safeguards and controls, and executing finance policies
  • Proven ability to use cost accounting, lifetime customer value, and discounted cashflow methods to support long-term decision-making for an organization
  • Outstanding written and oral communication skills to support organizational decision-making and external stakeholder outreach
  • Demonstrated ability to lead strategic conversations with leadership about finance topics like Investment Strategy, Impact Investing, and Investment Policy Statements
  • Strong working knowledge of investment types and philosophies; Strong working knowledge of evaluating and managing illiquid and real estate investment assets
  • Exceptional interpersonal skills with the ability to own successful relationships with board committees, investment consultants, and investment advisors
  • Demonstrated commitment to equity, diversity, and inclusion
  • Excellent analytical skills; able to think critically and apply sound judgment
Responsibilities:

Lead Finance Department – 30%

  • Hire, Manage, Coach & Evaluate team (1 Controller, 1 Accountant)
  • Ensure accurate reporting and filing in accordance with latest GAAP for nonprofits
  • Ensure proper controls to safeguard assets and confidentiality; ensure the finance team, staff, and agents are in compliance with finance-related policies

Support Organizational Decision Making – 20%

  • Staff Liaison to Board Finance and Investment Committees; support policy development and planning discussions; create and present finance reports
  • Create and maintain annual budgets; and develop 3-5 year financial plans
  • Evaluate Reserve / Endowment needs; make recommendations to the CEO/Board
  • Analyze fees and profitability by product line and type of donor to make strategic recommendations on donor / customer mix and policies moving forward

Lead discussion and execution of the financial strategy for the organization – 30%  

  • Engage Investment Committee in refining Investment Policy Statements
  • Lead strategic and operational conversations with Board on investment strategy
  • Evaluate, recommend and implement ‘Impact Investing’ strategy for the Board
  • Manage illiquid assets (shares of private companies, real estate, notes, etc.). 
  • Ensure these are managed to the benefit of fundholders and Community Foundation
  • Manage Housing Project Manager or Developer relationships for real estate
  • Relationship manager for financial advisors and investment consultants

Support fundholder communications and operations – 20%

  • Ensure finance-related communications are clear and well executed; train and support donor service and marketing teams to deliver high-quality information
  • Ensure fundholders’ resources are in the appropriate investment pools; ensure cash management and investments support fundholder grantmaking
  • Refine operations for efficient gifting of non-cash assets (stocks, real estate, etc.); lead financial evaluation of complex gifts by Finance Committee
Compensation and Benefits:

This is an exempt, full-time position. The hiring range for this position is $150,000 - $175,000, commensurate with experience. Our excellent benefits package includes generous paid time off, medical (90% ‘gold level’ coverage for Employees, 50% for Dependents) and dental / vision, and 401K with generous 8% employer matching. Ability to work from home 40%.

Diversity, Equity and Inclusion:

The Community Foundation’s mission is one of connection to the community, to its residents, and to its needs. The northern Nevada community encompasses all of us living here – all people of all backgrounds, identities, and abilities. Every one of us matters. How we relate to each other, treat each other, and live together with the purpose of strengthening our common community has come to the forefront of our awareness.   As we learn and deepen our engagement with all northern Nevada communities, new options for growth present themselves. We grow and evolve to help strengthen our community, a community that belongs to everyone – all people of all backgrounds, identities, and abilities.

Top Reasons to Work for the Community Foundation of Northern Nevada!
  • We are committed to enhancing the work of nonprofits across our community
  • We have fun and foster innovation, collaboration, and imagination
  • We invest to develop our team members
  • We value inclusiveness, diversity, and equity
  • Our organization is characterized by a generous and caring spirit
How to Apply:

To apply, please send your resume and cover letter to miannacchione@nevadafund.org.

 Please include “Your Last Name – CFO” in the subject line.

 


The Community Foundation of Northern Nevada is an Equal Opportunity Employer. The Community Foundation does not discriminate because of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.