Opportunity
Maine Community Foundation (“MaineCF”) She works to build a better Maine – more equitable, more vibrant, and more prosperous – by combining people and resources. Through broad community partnerships and leadership based on shared values, our work supports positive change at the individual and population levels. MaineCF began with a $10 contribution in 1983, and is now the state’s only community foundation and the second largest overall with assets of $800 million and growing. Our team of more than 50 professionals—with relationships with local, nonprofit, and state leaders in all 16 Maine counties—gives MaineCF a unique ability to make community investments that make a difference for people across the state. You can learn more about us by visiting our website: www.mainecf.org.

As we move into our fifth decade of work, we recognize that the communities we serve face countless challenges and that people of color, people living in rural and low-income communities continue to lack access to essential services. MaineCF is committed to addressing the significant challenges facing Maine in collaboration with donors, nonprofits, government leaders, and business partners.

Attitude
MaineCF is looking for next Vice President of Finance and Chief Financial Officer (Vice President/CFO). Reporting to the CEO and working alongside other members of the management team, the Vice President/CFO oversees all financial functions of the organization, including budgeting, planning, financial analysis, investment management, and financial operations. This role is critical to ensuring the long-term financial health of MaineCF and its ability to carry out its mission throughout the state. The Vice President/CFO will provide strategic financial leadership and manage a team of eight. Direct reports to the Vice President/CFO include the Senior Director of Finance, Director of Investment Accounting, and Team Manager.

MaineCF employs a team of 54 employees who work from the main office in Ellsworth, a second office in Portland, and remotely throughout the state. We invest in our people and operations to ensure we can help our neighbors succeed. By strengthening our financial systems and aligning resources with the needs of Maine communities, MaineCF will be positioned to better serve Maine people. This is an exciting opportunity for a strategic finance leader who is energized and inspired by the opportunity to shape the financial future of the organization and contribute meaningfully to advancing MaineCF’s mission.

Key priorities and responsibilities
The Vice President of Finance and CFO are responsible for reviewing, analyzing and evaluating the day-to-day finances of the organization. The VP/CFO is a supervisor (protects financial integrity), operator (manages effective finance functions), strategist (directs long-term direction), and motivator (drives performance across the organization).

Essential duties include:

Financial strategy and leadership

• Develops and implements long-term financial strategies aligned with organizational objectives. This includes developing the organization’s business model to support its leadership role in society
• Serves as a key advisor to the CEO, Board of Directors and executive team regarding financial performance and strategy
• Balances growth, risk and return to improve an organization’s financial position
• Serves as the primary staff liaison with the Finance and Audit Committee and the Investment Committee
• He serves as Treasurer of the Council
• Serves as the CFO for all supporting organizations

FFinancial planning and analysis

• Oversees the budgeting, forecasting, and financial forecasting/modeling process
• Monitors financial performance against targets and provides insights for decision making
• Identifies opportunities for cost improvement, revenue growth and operational efficiency
• Analyze and interpret financial information related to the organization’s performance. Provides recommendations on business policy, resource allocation, and business operations

Accounting and financial reporting

• Ensures accurate and timely financial statements, consistent with GAAP/IFRS or other regulatory requirements
• Maintains transparency with internal and external stakeholders (board, investors, regulators, donors)
• Oversees the preparation of 990 organizations and support organizations and related tax returns for all required federal and state governments
• Oversees the annual audit in accordance with Financial Accounting Standards Board (FASB) regulations and generally accepted accounting principles of the organization, related supporting organizations and other entities
• Oversees organization expenses, including signing checks and transferring assets

Risk management and compliance

• Identifies and mitigates financial risks
• Ensures compliance with tax laws, Financial Accounting Standards Board (FASB), federal and state accounting regulations, and reporting standards
• Oversees internal controls and governance practices

Capital and treasury management

• Manages cash flow, liquidity and working capital to support operations and growth
• Oversees investment strategies and capital allocation
• Serves as an internal liaison to external investment partners/firm
• Reviewing the quarterly income distribution of various investment complexes
• Manages debt, banking and fundraising/investor relations

Strategic initiatives

• Creates a financial and investment framework to support MaineCF’s strategic initiatives
• Provides data-driven insights to support strategic initiatives
• Directs unique and strategic financial partnerships to achieve greater societal impact
• Helps design performance measures that drive accountability and efficiency

Fund holders services

• Creatively supports MaineCF’s role as a provider of charitable infrastructure to facilitate charitable giving in Maine and maximize assets
• Serves as financial and investment leadership in important donor relationships.
• Assists staff with donor relations as needed

Leadership and team development

• Builds and leads the finance and investment team, ensuring strong technical skills and strategic thinking
• Promotes a culture of financial discipline and ethical responsibility
• Serves as a mentor and partner to other leaders in financial literacy and decision-making

Other responsibilities

• Participates and provides leadership in organizational management as a member of MaineCF’s senior management team
• Performs department manager duties, including interviewing, hiring, scheduling, training, supervising, evaluating, recognizing and disciplining direct reports, setting employee goals and objectives, resolving employee issues, and ensuring compliance with the employee handbook and related employee policies.

Other duties and responsibilities

• Perform other duties as assigned

Committees/Teams

• Management team (member)
• Finance Team (Admin)
• Finance and Audit Committee of the Board of Directors (Internal Liaison to the Vice President)
• Board Investment Committee (internal VP liaison)
• Board Risk and Technology Committee (internal staff)

Minimum qualifications/experience
We are looking for an individual with the following minimum qualifications/experience:

• A combination of education and experience equivalent to the needs of the role with a minimum of ten years of relevant work experience
• Knowledge of generally accepted accounting principles and financial accounting standards that apply to the nonprofit industry
• Understanding finances (cash flow, income statement, balance sheet, revenues, expenses, etc.)
• Working knowledge of investment management, financial markets, accounting, and charitable gift planning strategies
• Flexible and able to work productively with the Finance, Audit and Investment Committees of the MaineCF Board of Directors, the CEO, management and staff, and external audit and investment firms.
• Ability to build strong working relationships internally and with fund holders and external financing and investment partners
• Excellent customer service ethics
• Strong research, due diligence and project management skills
• Strong written and verbal communication skills
• Strong attention to detail
• Ability to exercise significant independent judgment and make sound decisions
• Proven experience in making difficult decisions and setting priorities
• Strong work ethic
• Ability to set goals, prioritize tasks, and manage concurrent projects
• University degree required (accounting, business related degree, or equivalent)

Preferred experience and skills
The following preferred qualifications are desirable and will contribute to employee effectiveness but are not necessary to perform the day-to-day tasks of the job.

• Financial experience in a community organization or other charitable organization
• Understanding endowment-style investing
• Familiarity with impact investing

Characteristics of the ideal candidate
MaineCF’s next Vice President/CFO will be an experienced financial leader with deep experience and commitment to our mission. While no candidate will embody all of the qualifications listed below, the ideal candidate will possess many of the following professional and personal abilities, attributes, and experiences:

• Commitment to serving donors, nonprofits, and grantmaking volunteers
• Ability to meet comfortably with strategic partners, external stakeholders and donors
• Commitment to supporting the needs of the Board of Directors and various committees
• Ability to maintain open and effective communication with all departments within the organization. Work as a team member in performing duties
• Ability to work well with others
• Reliability and trustworthiness
• Organization and ability to juggle multiple tasks
• Perform duties in a conscientious and cooperative manner
• Ability to maintain the confidentiality of all information relating to MCF’s business, its employees and donors, as well as other appropriate information
• A desire to share our commitment to equity and use equity to guide their work
• Understand and implement organization policies and procedures

Role location
This is an on-site position located at MaineCF Headquarters in Ellsworth, MaineThe selected candidate must live in Maine or establish residency in Maine within three months of appointment. The position will also entail occasional travel to MaineCF offices in Portland and other locations throughout the state.

Ellsworth is a charming coastal town located in beautiful Downeast Maine. Ellsworth and its surrounding communities offer a mix of local culture and natural beauty. Serving as the gateway to Acadia National Park, with its pink granite peaks, stunning ocean views and unique portage routes providing year-round recreation, the area has exceptional opportunities for hiking, camping, kayaking, fishing and more. The city hosts weekly farmers markets where locals gather to enjoy fresh produce, artisanal goods, and live music. It is home to many notable art galleries and cultural events that highlight the creative spirit of the region.

We welcome and encourage all qualified candidates to apply – those from Maine who understand the state’s culture, geography, opportunities, and challenges and have existing local professional networks and those who bring perspective and experience from outside the state.

Compensation and benefits
MaineCF offers a competitive pay and benefits package. The base compensation range for this position is $175,000 – $205,000, with a generous benefits package including medical, dental and vision insurance, paid vacations, paid vacations, short- and long-term disability insurance options, life insurance, company-contributed retirement plans and more.