Chief Financial Officer
About Xiente
Xiente, formerly known as Norris Square Community Alliance, is a nonprofit organization based in Philadelphia, PA in operation for over 40 years. It was founded in 1982 by a group of community women who decided to take control of their neighborhood and provide a safe and healthy environment for their children. Our mission is to transform communities by empowering individuals to achieve social mobility.
Xiente addresses poverty through a holistic approach that includes personalized economic mobility plans for families. Bringing a comprehensive approach to tackling poverty and promoting economic mobility, Xiente offers programs that include early childhood education, youth development programs, financial literacy, workforce development, and housing services.
Key Programs:
Busesito (The Little Bus): Philadelphia's first mobile bilingual preschool on wheels designed to bring early childhood education to children throughout different neighborhoods in the city who do not have access to preschool.
Prosperity Lab: A comprehensive program that offers a range of economic and social services to help families overcome the barriers that prevent them from achieving financial stability and prosperity and guide them toward middle-class status.
With a diverse workforce of over 120 employees, Xiente's team reflects the organization's commitment to inclusivity and community representation. Recently, Xiente was certified as a Great Place to Work, highlighting the organization's positive and supportive work environment for employees.
The Opportunity
Today, Xiente is poised to expand its leadership with a Chief Financial Officer (CFO) who will work in close partnership with the Chief Operating Officer (COO) and Xiente's CEO.
The CFO is responsible for managing the financial operations of the organization, ensuring the organization's financial health and sustainability. This role will oversee all financial reporting, budgeting, forecasting, financial analysis, and compliance requirements. The CFO will partner closely with the Resource Development team and will help support the Board of Directors in developing and implementing financial strategies that support the organization's mission and goals.
As part of the Executive Team, the CFO will help shape the strategic direction of the organization by developing and executing strategy, leveraging best practices, managing organizational transformation and growth, and creating a high-performance, results-driven culture that develops leaders across the organization.
The CFO will manage a 7-person team that includes a Controller and Budget Manager, along with other key functional roles: Accounts Payable, Purchasing, Receivable Manager, and Finance Clerk.
The CFO will work closely with the Board of Director's audit/finance committee, preparing, interpreting, and effectively communicating financial information and analysis to the senior leadership team and select Board members to facilitate sound financial decisions.
Responsibilities:
Oversee all financial operations and activities of the organization.
Develop and implement financial strategies, plans, and policies to ensure the organization's financial health and growth.
Create financial models to evaluate potential new development or investment opportunities.
Negotiate development financing with appropriate documentation.
Oversee cash & investments to appropriately balance risk, return, and liquidity.
Monitor and analyze financial performance, including profit and loss statements, balance sheets, and cash flow statements.
Manage the organization's financial forecasting and budgeting process while ensuring compliance with federal and state laws and financial regulations.
Conduct regular audits to ensure the accuracy and integrity of financial records.
Collaborate with other departments to develop and implement strategies for revenue and resource management.
Ensure timely and accurate payroll processing and compliance with payroll regulations.
Stay updated on changes in accounting standards, regulations, and best practices, including nonprofit GAAP.
Prepare and present financial reports to the executive team and Board of Directors.
Provide strategic recommendations and counsel to the CEO, leadership team, and Board of Directors on financial matters.
Oversee the organization's risk and compliance management framework.
Establish, maintain, and deepen collaborative partnerships internally and externally.
Continually review and refine all financial systems and procedures.
Coordinate with external accounting firms and consultants regarding annual audits and regulatory reporting.
Candidate Profile:
While no one candidate will possess every quality outlined for this position, strong candidates will bring many of the following professional qualifications and personal attributes:
Deep experience leading finance in a complex environment.
Technical abilities and confidence in financial oversight.
Proven experience in budgeting, strategic forecasting, and planning.
Experience in overseeing financial, accounting, compliance, and risk management.
Strong knowledge of nonprofit and governmental accounting principles.
Proficiency in technical accounting standards and financial management principles.
Experience in revenue cycle management and payroll management.
Excellent analytical skills with the ability to interpret complex financial data.
Ability to effectively communicate complex financial information to non-financial stakeholders.
Familiarity with MIP and/or other accounting software.
Compensation & Benefits:
Salary is competitive and commensurate with experience. The salary range for this role is $135,000 – $155,000 with a generous benefits package including medical, dental, and vision, as well as four weeks' vacation and 17 paid holidays.
Contact:
Koya Partners has been exclusively retained for this engagement. Express interest in this role here. All inquiries and discussions are strictly confidential.
Xiente is an equal opportunity employer and strongly encourages applications from people of color, persons with disabilities, women, and LGBTQ+ applicants.
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