The Education Trust, one of the nation’s premiere education advocacy organizations working to improve educational opportunity and raise achievement for the most vulnerable students including low-income students and students of color, seeks a Chief Financial Officer (CFO) to work in partnership with the senior management team to ensure the organization’s financial strength and stability.
Reporting to the Vice President for Operations and Strategic Leadership, the CFO serves as a member of the organization’s Senior Management Team and leads the finance team. With a current operating budget of approximately $22 million, the Education Trust has grown enormously and has recently completed our strategic framework with clear goals, priorities, and work plans to guide and focus its efforts. We are seeking a talented and experienced senior level financial officer to manage the organization’s finances and to engage, motivate, and lead others in ensuring a high degree of financial accountability and performance to support the organization’s mission and work. The position is located at our headquarters in Washington, DC, but we also have state offices in California, Michigan, and New York.
Washington, DC Office
We are fierce advocates for the high academic achievement of all students – pre-kindergarten through college, particularly those of color or living in poverty. Many organizations speak up for the adults employed by schools; we speak up for the students, especially those whose needs and potential are often overlooked. Through both research and advocacy, our goal is to close the gaps in opportunity and achievement that consign far too many young people—especially those from low-income families or who are black, Latino, or American Indian—to lives on the margins of the American mainstream. We work alongside parents, educators, policymakers, and community and business leaders across the country in transforming schools and colleges into institutions that serve all students well. Lessons learned in these efforts, together with unflinching data analyses, shape our state and national policy agendas.
The CFO’s responsibilities include but are not limited to the following:
- Establish and maintain long-term effectiveness of all financial functions of the organization, including accounting, payroll, internal and external financial reporting, grant and contract financial activities, cash receipts and disbursements, credit and collections, purchasing, banking, audits, taxes, and investments.
- Prepare and/or oversee annual organization-wide budgets, as well as budgets for foundation proposals and technical assistance contracts.
- Direct the development and implementation of policies for finance, accounting, grants and contracts, tax planning, treasury, and internal control functions.
- Improve internal financial and accounting controls and systems to support the organization’s growth.
- In collaboration with development staff and other senior leaders, assist with fundraising and development efforts.
- Oversee and guide the implementation of new accounting, finance and grant related software solutions.
- Oversee, direct and provide timely financial reporting and forecasting information for decision-making.
- Lead and/or champion change management efforts providing positive financial impact.
- Act as the primary adviser to the President, Vice Presidents, Executive Directors, and Board of Directors on financial matters.
We are looking for a combination of the following qualifications and experience:
- An advanced degree in business, finance, or accounting.
- A minimum of 7 to 10 years of experience in similar positions of responsibility.
- Demonstrated expertise and success in managing finance and accounting for a not-for-profit organization.
- Knowledge of and experience with cloud-based or other accounting software solutions integrating timesheets, payroll, grant activities and expense reporting.
- Demonstrated expertise and experience with foundation grant funding activities and reporting.
- Demonstrated expertise and experience with indirect cost models and solutions.
- Excellent communication, presentation, and interpersonal skills, with a history of achieving superior results.
- Enthusiasm, energy, and excellent time and task management skills.
- Capacity to work effectively in a support function in a program-oriented, mission-driven organization with a diverse portfolio of work.
- Passion for improving the educational experiences and outcomes for low-income students and students of color, and an unwavering belief that these students could be much more successful if institutions better served them;
- Self-starter mentality and the ability to work independently;
- A demonstrated commitment to excellence;
- Healthy respect for colleagues;
- Goal-oriented, project-oriented, and achievement-oriented;
- Strong sense of honor and integrity;
- A warm, personal style with a good sense of humor.
Salary is commensurate with experience and qualifications. The Education Trust offers a comprehensive benefits package.