Saint Paul & Minnesota Foundation (“The Foundation”) believes that strong communities are built through knowledge and empowerment. With roots in Saint Paul since 1940 and partners across the state, the Organization represents Minnesota’s largest community foundation and the partner of choice for thousands of donors, nonprofits and community organizations that are working to address some of the biggest problems facing Minnesota communities. In 2018, The Foundation and its partners granted approximately $80MM to make a lasting impact in our communities. The Foundation employs approximately 70 staff and the assets under management totals $1.5B.
As an organization, The Foundation is resolutely focused on its strategic goals to inspire generosity, advocate for equity and invest in community-led solutions to make Minnesota better for all who call it home.
The Foundation’s values include:
We Innovate and Learn
Community is our Compass*
We Commit to Equity
We Nurture Philanthropy
*This value is the guiding center as the Foundation moves forward in their partnerships with donors, nonprofits and other agents of change who are united by the opportunity to create a lasting impact.
For more information about the Saint Paul & Minnesota Foundation (SPMCF) please visit: www.spmcf.org.
With the planned departure of its Chief Financial Officer (CFO), the Foundation is launching an external search for a successor. This person will serve as a trusted partner in the stewardship of community assets entrusted to the Foundation by their donors and nonprofit partners, and will provide timely, accurate and insightful financial information to inform the philanthropic decisions of the Foundation and their stakeholders.
Reporting to the President and CEO, the CFO will be an integral member of the executive leadership team and serve as the leader of all financial business aspects of the foundation, with emphasis on maintaining fiscal discipline, compliance and operational excellence within the finance function.
Reports to: President and Chief Executive Officer (Dr. Eric Jolly)
Direct and Indirect Reports: Controller (+6 accounting team members) Administrative Assistant
Other Key Relationships: Executive Vice President (Ann Mulholland) Senior Vice President of Philanthropic Services (Jeremy Wells) Chief Investment Officer (Shannon O’Leary) Vice President of Operations and Learning (Nadege Souvenir) Director of Human Resources (Rhonda Cox) Director of Information Technology (Michele Belisle) SPMF Executive Leadership Team SPMF Board of Directors Audit and Finance Committee Mardag Foundation Board F. R. Bigelow Foundation Board
Position Location: Saint Paul, Minnesota; up to 10% travel is expected.
Contribute to development of the Foundation’s strategic goals and objectives as well as overall management of organization.
Provide strategic financial analysis and thoughtful counsel in support of the organization’s strategic goals.
Provide strategic leadership in the development and implementation of sound accounting policies and performance measurement systems for the Foundation.
Assess key operating strategies from an accounting and overall business standpoint, and advise the CEO and senior leadership on developing the most effective action plans.
Demonstrate core organizational values in performing all duties.
Meet with donors and prospects in conjunction with philanthropic services team.
Accounting, Audit, Finance, Tax, Treasury and Reporting
Provide leadership for finance and accounting department and ensure strong and effective accounting functions of the Foundation.
Manage treasury functions including cash management and banking relationships.
Oversee fund administration including gift acceptance and distribution compliance.
Deliver accurate and timely key internal and external financial reports.
Develop strategies and plans for key projects and initiatives.
Facilitate accurate and timely delivery of all special information requests from donors.
Serve as primary finance liaison to Board of Directors including boards of F. R. Bigelow and Mardag.
Staff Audit and Finance Committee as well as other ad hoc committees as needed.
Effectively support and collaboratively work with committee chairs and members to develop annual committee work plans, meeting topics and agenda and provide appropriate leadership. ?
Ensure structure and processes abide by the Foundation’s governing documents and policies.
Provide strategic leadership and guidance for annual budgeting process ensuring alignment to the strategic plan.
Lead staff in the development of organization-wide budget as well as departmental budgeting plans and counsel on any adjustments.
Continual evaluation of the business model, developing robust budgeting scenarios and contingencies while seeking opportunities to generate or use resources to move the organization forward toward the achievement of its goals.
Compliance and Risk Management
Lead the enterprise risk management and compliance process ensuring safeguarding of assets, appropriate risk amangement and operational effectiveness.
Ensure Foundation compliance with complex nonprofit and IRS regulations, investment regulations, GAAP (Generally Accepted Accounting Principles), FAS (Financial Accounting Standards) and all related audit requirements.
Manage the annual audit process and facilitate the Audit and Finance Committee meetings.
Facilitate related disclosure requirements.
Ensure accurate and timely preparation of all required tax filings including 990’s, 990-T’s, 1099’s, gift annuity filings and Secretary of State and Attorney General reports.
Manage organizational compliance with applicable tax and accounting laws and regulations. Monitor and implement regulatory changes as appropriate.
Assess new gift platforms for fit, value and ability to administrate.
Ensure processes and procedures are well documented, communicated and implemented.
Coordinate and facilitate all internal control audits and ensure that recommendations are appropriately addressed.
Motivate and lead finance and accounting team to ensure positive and collaborative environment resulting in creation of a high performance and continuous improvement culture which values the contribution of each team member.
Actively participate in recruitment, selection, training, coaching and ongoing evaluation of finance and accounting staff.
Ensure adequate cross-training is implemented and maintained for all critical functions.
Conduct individual and team performance assessments; facilitate and support growth, training and development of team members.
Partner with Information Systems staff to plan, design, test, implement and maintain effective accounting and fund administration software.
Ensure data integrity for all financial systems.
Oversee process optimization efforts and technology enhancements for improved customer service, analytics and reporting.
Ensure continuous improvement of the organization’s financial operating systems, including strategic and effective use of technology to improve financial processes.
As a leader at The Foundation, the CFO is expected to demonstrate the following leadership competencies:
Demonstrates highly developed knowledge of finance, accounting, compliance, risk and thought leadership in the field. Stays abreast of trends and appropriately disseminates knowledge throughout the organization.
Understands the market, identifies trends and drives the organization to create comprehensive, competitive and breakthrough strategies. Prioritizes strategically, effectively deploying resources, time and people.
Models inclusion and champions equity by effectively engaging people of diverse cultures and backgrounds. Invests in building organizational capacity for inclusion and equity by maintaining an environment that is bias free. Possesses ability to work with colleagues with a range of passions including social justice, community collaborations and other interests.
Creates an environment that promotes and inspires collaboration by facilitating communication and coordination across all parts of the organization. Builds an intentional and cohesive culture that aligns functional agendas and unites the team.
Constructively challenges the prevailing wisdom or accepted ways of doing things. Pushes the organization to identify new approaches and uncover unconventional ideas that drive value using data and insights. Supports well-reasoned risks and new ideas.
Develops and maintains high-performing teams and coaches other leaders to develop their own leadership capabilities. Ensures all leaders and team members challenge and support each other while respecting others’ unique roles and contributions.
The ideal candidate will be a strategic financial leader with a strong accounting background who believes in the power of philanthropy to transform communities. They will have the ability to effectively delegate and manage up and down as well as teach and advise, and demonstrate strong organizational and planning skills.
In addition to demonstration of the Leadership Competencies above, key skills and experiences desired include:
10+ years of relevant and progressive senior accounting, audit, tax and financial reporting experience, ideally in a community foundation, higher education, or a large, complex non-profit organization.
Expertise in financial planning and analysis is preferred.
Experience performing research and analysis on various financial topics.
Demonstrated success in modeling and implementing complex financial and operational plans, using long-term goals and annual objectives as a framework.
Demonstrated experience serving on, staffing and/or leading board committees including audit and finance.
Demonstrated success leading the compliance and risk function for an organization.
Technology savvy, with proven ability to support and lead large scale systems conversions.
An informed perspective around diversity and demonstrated cultural competence including a demonstrated ability to effectively interact, communicate and collaborate with people from cultural backgrounds other than their own.
Track record of leadership in a complex organization, where a need to balance deeply-felt traditions with change calls for strong leadership and sensitive change management skills.
Demonstrated experience leading and managing a team of competent professionals.
Demonstrated success as player-coach with the ability to work alongside a team with attention to detail and quality.
Skilled at working independently with a sense of self-direction and with owning appropriate leadership responsibilities in the organization; ability to be flexible and able to adapt to short and long-term shifts in job duties as the work of the organization changes as it continuously seeks to have greater impact.
Strong oral and written communication skills, including ability to articulate and deliver strong presentations on complex financial and operational issues to executive leadership, board and board committees.
A Bachelor’s degree in Accounting, Business Administration, Finance, or related field is required. CPA/CMA, MBA or other advanced degree is highly desirable; a strong work ethic, clear demonstration of honesty and integrity, and the highest ethical standards are assumed.