Chief Financial Officer

About Central Texas Food Bank

Central Texas Food Bank (CTFB) is a member of the Feeding America network. Based in Austin, CTFB is the leading domestic hunger-relief organization throughout Central Texas, serving 21 counties. With a focus on strengthening the food system and addressing the root causes of hunger and poverty, Central Texas Food Bank is launching an industry-leading strategy. The Food Bank is poised for innovative and thoughtful growth, and we’re looking for talented and dedicated team members to help execute our refreshed vision for Central Texas. We offer a diverse and inclusive workplace, professional development opportunities, and a culture of service. Join us as we chart our course with our core values, Compassion, Honesty, Accountability, Respect, and Teamwork.

We believe there’s strength in numbers and in working together. We are members of Feeding America and Feeding Texas (formerly the Texas Food Bank Network). Roughly 300 Partner Agencies have joined us to serve families in 21 Central Texas counties at soup kitchens, food pantries, after-school programs, snack programs, and other service sites.

A leader in the fight against hunger for nearly 40 years, our mission is to nourish hungry people and lead the community in the fight against hunger.

Central Texas Food Bank is a tax-exempt, 501(c)3 public charity with an annual operating budget of $30 million and a staff of over 150.

For more information on Central Texas Food Bank, please visit CTFB’s website.

The Opportunity

The Central Texas Food Bank is looking for a strategic, business-minded, and growth-oriented Chief Financial Officer (CFO). We are looking for an innovative finance thought leader with a for-profit mindset and a non-profit heart. The CFO will engage in investment strategy, asset management, risk management, optimizing efficiency, social entrepreneurship, and diversified revenue generation while assessing the organization’s performance against the annual budget and the long-term growth plan. Reporting to the President & CEO, the CFO will set financial policy and direction while also actively engaging in organization strategy, culture, and talent development. As a member of the executive team, the CFO will oversee finance, accounting, IT, contract management, centralized purchasing, risk management/organizational compliance, investment strategy, and overall budgeting for the organization. 

Responsibilities:

Strategic Leadership

• Lead the financial, governance, and technology strategy that ensures CTFB is a highly efficient organization, is in compliance with contract requirements, GAAP, and supports the robust administrative functions required of the organization.
• Provide strategic recommendations for financial, tax, and investment strategies.
• Design, maintain, and manage finance and accounting policies, procedures, functions, vendor relationships, and systems, including internal controls.
• Oversee long-term budgetary planning and cost management in alignment with the strategic plan to include monitoring and controlling expenditures.
• Manage and direct finance and accounting department staff, including establishing short and long-range goals, objectives, operating procedures, and evaluating performance. Analyze financial projections and make recommendations based on past performance for revenue-generating programs.
• Establish and oversee the organization’s purchasing functions including RFPs, cost control, managing vendor relationships, encouraging innovation and diversification, and automation of the purchase order and payables process.
• Identify, assess, and control for threats to CTFB’s capital and earnings. This includes proactively mitigating financial uncertainties, legal liabilities, technology issues, strategic management errors, accidents, and natural disasters.
• Develop a high-performance team culture focused on leadership and accountability at all levels, continuous learning, collaboration, measurement, and goal achievement by modeling the way and enabling others to act.
• Oversee the organization’s Information Technology (IT) functions including the management of a Managed Service Provider, governance of the organization’s technological systems, maintenance of the infrastructure, and functionality of overall systems. This includes hardware, software, security, and device management.

 Administrative Leadership

• Set performance goals for team members that align to CTFB’s strategy and evaluate performance against goals on a regular basis.
• Effectively coach team members and provide supportive and developmental feedback to enhance performance. Ensure that team members develop the technical, leadership, and professional skills necessary for success.
• Lead collaborative partnerships with the Resource Development and Programs team to ensure budgets and reports are created accurately, timely, and in accordance with organization priorities.
• Manage the preparation of all financial reports, financial outlooks, and financial forecasts; design and produce management reports and financial statements in accordance with GAAP, and donor requirements.
• Monitor and communicate financial performance by measuring and analyzing results, initiating corrective action, and minimizing the impact of variances.
• Engage the Board finance committee in planning for the ongoing and future financial stability of the organization.
• Prepare and file timely and accurate tax returns, 990s, and lead the audit process.
• Ensure compliance with local, state, and federal budgetary reporting requirements including CTFB’s financial audits providing recommendations for procedural improvements as appropriate.
• Maintain corporate banking relations, including borrowing, investments, and treasury functions.
• Prepare financial analysis for contract negotiations and product investment decisions.
• Ensure adequate insurance coverage and negotiate policies, including corporate and professional liability, property, and EPLI.
• Oversee CTFB’s participation in One Voice Central Texas’ retirement plan.
• Perform additional duties as necessary.

Candidate Profile

A strategic and entrepreneurial finance and operations leader, the Chief Financial Officer will bring a minimum of 15 years senior finance leadership experience with progressive responsibility. A consensus builder, the CFO will bring strong leadership skills and an ability to work collaboratively and successfully with external and internal constituents including professional service firms, investors (donors), and peers. The CFO will be professional, tactful, honest, respectful, courteous, cooperative, and will bring a client-centric spirit that embraces diversity and inclusion. A master’s degree in accounting, finance, or business and/or CPA is preferred. 

In addition, the ideal candidate will have the following attributes and competencies:

Passion for the Mission

The Chief Financial Officer will have a passion for Central Texas Food Bank’s mission. Driven by the mission, the CFO will broaden and deepen the impact of Central Texas Food Bank through the modeling and adoption of best-in-class practices. This leader will recognize the essential components of the organization’s programs and why they are imperative to achieving its mission. The CFO will have a clear understanding of how their role contributes to Central Food Bank’s work. This individual will be committed to the organizational vision, mission, values, and culture and will be an individual of unquestioned integrity, ethics, and values, treating others with respect.

Strategic and Forward-Thinking Leadership

The CFO will bring a demonstrated ability to think and execute strategically, while consistently evaluating processes/practices for improvements. Partnering closely with the President and CEO, they will develop and implement clear and innovative strategies aimed towards elevating the overall finance and operations functions of the organization. This executive will balance the ability to be strategic and hands-on as needed, with a commitment to building a culture of high performance and service orientation. This leader will invest in the professional development and mentorship of the team and build a culture of transparency, collaboration, and trust. The CFO will be adaptable as priorities emerge and change and will be able to balance multiple tasks and projects efficiently and effectively. 

Financial Expertise

The Chief Financial Officer will be an experienced leader in the field of finance and operations with a track record of success. This leader will be knowledgeable of generally accepted accounting principles (GAAP) for nonprofits and financial management and accounting, including financial reporting, budgeting, cost/benefit analysis, financial modeling and forecasting, asset/investment management, debt financing, legal, audit, risk management/compliance, purchasing, and contract negotiation. The CFO will have a strong background in contracts, grants, accounting, and compliance requirements. This leader will ensure the budgeting process is streamlined, transparent, and will consistently provide the CEO and Board with clarity on the financials. The CFO will proactively identify potential risks and implement solutions to improve programmatic and financial results. This executive will understand and provide key financial advice and counsel around tactical decision-making, along with administering day-to-day financial functions at a high level. 

Operational Excellence

The Chief Financial Officer will bring a demonstrated mastery and knowledge of legal, business, information technology, purchasing, compliance, and risk management best practices and industry trends. This leader will bring a track record of driving operational efficiencies through leveraging technology, with the ability to make practical, realistic, data informed, and timely decisions. This leader will be an exceptional problem solver with a management approach focused on achieving sustainable solutions. The CFO will be a forward-thinking leader, staying abreast of trends in the food banking sector, anticipating potential issues/questions, managing crises, helping navigate an organization during times of growth and transition, and driving sustainable outcomes.This leader will have demonstrated project management skills including the ability to multi-task, move swiftly, prioritize, analyze, organize, follow through, delegate, and negotiate.They will bring proficiency in Microsoft Office (Outlook, Word, Excel, and PowerPoint), Adobe Acrobat, and enterprise accounting and document management software.

Excellent Communication, Relationship Building, and Collaboration Skills

The Chief Financial Officer will have exemplary presentation, interpersonal, and written and verbal communication skills. This leader will possess the ability to extract key learnings from the financial data and translate the financials to a broad audience in a way that is clear and relatable. A strong collaborator, the Chief Financial Officer will partner across all departments and functions to understand the needs of their peers, projects, and key partners/funders. This leader will bring excellent interpersonal skills with the ability to build strong working and interpersonal relationships across all levels of the organization.  

Compensation & Benefits

Salary is competitive and commensurate with experience. The salary range for this role is $140,250 - $200,000 with a generous benefits package. We are committed to service, above all else, in our community and for our team members. With our commitment to the health and wellness of our team members, we provide a full benefits package to include the following:

• Medical, dental, and vision plans,
• company paid short and long term disability insurance plus employee life insurance,
• 403b retirement plan plus up to 5% matching contribution after one year of service,
• telemedicine for physical and mental health,
• employee assistance program,
• paid time off including paid holidays,
• outdoor seating area with a garden view, and an
• On-site gym with a shower. 

In addition, Central Texas Food Bank is designated a Texas Mother-Friendly Workplace AND a Best Place for Working Parents. Grow your career, build your network, and develop your talents while enjoying the flexibility of a family-friendly environment. 

Working Conditions

• Hours of Operation: Although organization hours are Monday-Friday, 8:00 a.m. – 5:00 p.m., After-hours business work is required occasionally throughout the year. Frequent after-hours work is required relating to special events (nights and weekends).
• Environment: Involves activities in both office and warehouse environments. There are extended periods of sitting, standing, lifting, and bending, listening, talking and/or visual concentration. The noise in the work environment is usually moderate to loud.
• Travel: CTFB serves 21 counties in central Texas and often requires same-day travel between counties, using a personal vehicle, CTFB passenger fleet and possibly occasional out of town travel for meetings, special events, or meeting for some positions.
• OSHA Standards: Lifting requirements are 50 pounds and when lifting loads heavier than 50 pounds, use two or more people to lift the load.

Contact

Koya Partners, the executive search firm that specializes in mission-driven search, has been exclusively retained for this engagement. Michelle Bonoan and Medelene Beasley of Koya Partners have been exclusively retained for this search. Express interest in this role by filling out our Talent Profile or email Michelle and Medelene directly at mbonoan@koyapartners.com and mbeasley@koyapartners.com. All inquiries and discussions will be considered strictly confidential.

Koya Partners is committed to providing reasonable accommodation to individuals living with disabilities. If you are a qualified individual living with a disability and need assistance expressing interest online, please email NonprofitSearchOps@divsearch.com. If you are selected for an interview, you will receive additional information regarding how to request an accommodation for the interview process.

Central Texas Food Bank is an equal opportunity employer and strongly encourages applications from people of color, persons with disabilities, women, and LGBTQ+ applicants.

About Koya Partners

Koya Partners, a part of Diversified Search Group, is a leading executive search and strategic advising firm dedicated to connecting exceptionally talented people with mission-driven clients. Our founding philosophy—The Right Person in the Right Place Can Change the World—guides our work as we partner with nonprofits & NGOs, institutions of higher education, responsible businesses, and social enterprises in local communities and around the world.

For more information about Koya Partners, visit www.koyapartners.com.