Chief Financial Officer: Benefits Data Trust

Posted November 16th, 2016 at 9:41 am.

In a country as rich as America, 46 million people cannot feed their families, heat their homes or pay their medical bills.
Working with government and community partners to simplify and change how people apply for benefits, Benefits Data
Trust has delivered over $6.3 billion in benefits to low-income households; helped more than 600,000 eligible people
enroll in benefits; infused $12 billion into local communities of need and; and saved millions of dollars in government
resources. http://www.bdtrust.org/

EXECUTIVE SUMMARY
Benefits Data Trust (BDT) is a not-for-profit social change organization committed to transforming how individuals in need access public benefits and services. Through its innovative Service Delivery Model, BDT seeks to improve the lives of vulnerable individuals, the systems they navigate, and the communities in which they live. BDT infuses over $135 million into the homes of low-income individuals every year, allowing them to buy food, heat their homes, and afford their medical expenses. BDT cannot do it alone. The organization relies on cross-sector partnerships with government, healthcare providers, philanthropic entities, and community based organizations to re-engineer the health and social services system making benefits access more simple, comprehensive, and cost-effective.

Founded in Philadelphia in 2005, BDT operates in Pennsylvania, Maryland, South Carolina, Colorado and New York. Over the past four years, BDT has had an approximate 30% annual growth rate and currently employs 185 FTE with a 2016 operating budget of approximately $14 million. Having established itself as a social change agent and thought leader in the benefits access sector with a proven impact model, BDT is at a critical juncture in its growth and is poised to take the next step.

With this exciting growth in mind, BDT seeks a seasoned Chief Financial Officer (CFO) to build and support the organization’s financial infrastructure such that BDT continues to thrive in this new stage of development. Reporting to the President, the CFO will drive the financial accountability and planning functions throughout the organization as it scales. Working closely with the President and the senior management team, s/he will bring strategic financial acumen to bear in setting the agency’s future direction, shaping organizational financial policy and funding priorities, monitoring relevant shifts in the regional and national landscape, and developing the systems and practices that will allow BDT to fully capitalize on opportunities for expansion.

The ideal candidate will be a seasoned and strategic finance professional with experience in scaling organizations, preferably in the context of multi-state programs with diverse funding streams. S/he will demonstrate superior relationship building, leadership, and diplomatic skills in both leading the finance team and as a key member of the leadership team. S/he will have a strong personal commitment to BDT’s mission to transforming the way benefits and services are delivered to those in needs, and the ability to grow along with the organization as it plans for a new era of expansion and impact.

This search is being conducted with assistance from Allison Kupfer Poteet and Nureen Das of Nonprofit Professionals Advisory Group. Please find more information and application instructions at the end of this document. For more information about BDT, visit: http://www.bdtrust.org/

CHALLENGES AND OPPORTUNITIES FOR THE CFO
The CFO role is a new position at Benefits Data Trust created in light of the increasingly complex demands it faces in balancing the growth and sustainability of programs with the need to invest in internal capacity and infrastructure to support quality and efficiency. This includes incorporating and overseeing human resources, operations, and information technology functions along with the financial operations of BDT. The CFO will be a forward-looking and flexible thinker with the ability to quickly gather and synthesize information for the board and staff to drive rigorous planning and decision-making processes. S/he can expect to engage with the following challenges and opportunities:

Strategic Vision and Leadership

  • Advise the President and key members of senior management on finances including planning, budgeting, cash flow, investment priorities, and fiscal policy matters.
  • Refine systems for generating real-time forecasts and other financial tools to drive sound business decisions, support fund development, and build capacity for strategic budgeting and program review and analysis.
  • Represent BDT to external partners and key constituents including the Board, financial institutions, investors, foundation executives, auditors, public officials, etc.
  • Bring current knowledge of financial strategies, tools, and practices in the non-profit and social innovation space through continuing education and/or affiliation with professional development
    groups.
  • Remain up to date on best practices and state and federal laws regarding nonprofit finance operations.
  • Provide forward thinking financial planning support and an entrepreneurial approach to creating and assessing financial strategies and funding mechanisms by way of recommendations,
    development of benchmarks, and analysis of progress. Work closely with the President to ensure that organizational initiatives and activities are aligned with BDT’s financial growth strategy.

Finance Department Oversight and Organizational Planning

  • Serve as an integral member of BDT’s leadership team with oversight over key financial health metrics, administrative efficiency, and accountability into all aspects of programmatic delivery.
  • Lead all aspects of financial oversight including planning and budgeting, audit, compliance, and strategy. This includes recommending improvement to the systems in place, and integrating
    tracking of financial outputs with programmatic outcomes using data and analytic reporting tools – specifically budgeting, allocation methodologies, and budget to actual processes.
  • Oversee all compliance-related activities across the organization, including fiscal and human resources, federal, state and local government contracts, and all audit requirements.
  • Oversee administrative functions including office management, facilities, payroll, and purchasing.
  • Develop and oversee all financial business planning, contracting requirements, and agreements with state, foundation, and private-sector partners.
  • Oversee monthly financial reporting, assessment and annual audits, and IRS 990 tax return process including A-133 federal disclosures.
  • Direct all cash flow analysis and forecasting and all project-based, and departmental accounting.

Staff Development and Team Leadership

  • Promote a culture of high performance and continuous improvement that values learning and a commitment to quality and customer service.
  • Establish and monitor staff performance and development goals, assign accountabilities, set objectives, establish priorities, and provide ongoing regular and ad-hoc feedback and support to
    staff.
  • Ensure that staff members receive timely and appropriate training in alignment with their professional development and departmental goals.
  • Oversee organization-wide HR management activities including compensation, benefits
    administration, employee retention, and talent acquisition best practices.

QUALIFICATIONS OF THE IDEAL CANDIDATE
While no one person may embody all of the qualities enumerated below, the ideal candidate will possess many of the following professional and personal abilities, attributes, and experiences:

  • Seasoned and mature leader with at least 12 to 15 years of finance management and supervisory experience administering a program of similar size and scope or larger in a high-growth climate, with preference given to nonprofit experience. Certified Public Accountant preferred.
  • Demonstrated experience overseeing complex funding programs and the ability to manage diverse organizational indicators. Experience in budget preparation for multi-year, multi-million-dollar grant applications.
  • Experience working collaboratively to refine and enhance budgeting practices, driving financial planning and managing organizational change in a highly entrepreneurial setting.
  • Strong analytical skills and experience translating a strategic vision into an operational model that aligns with financial planning and analysis. Ability to drive decisions in a quickly evolving, competitive environment.
  • Experience with Pay-For-Success contracting or commitment to quickly coming up to speed and developing innovative funding models preferred.
  • Excellent communication and organizational skills. Demonstrated resourcefulness in setting priorities, proposing new ways of creating efficiencies, and guiding financial investment in people and systems.
  • Excellent management and facilitation skills with a coaching orientation. Exceptional influencing, interpersonal, and motivational skills with experience collaborating in a multi-disciplinary, diverse and dynamic team.
  • Experience overseeing various administrative functions including IT, HR, Legal and Risk Management.
  • Demonstrated complex auditing experience, particularly around A-133 financial disclosures a plus.
  • Unwavering commitment to quality programs and excellence in strategic, organizational, and budgetary management.
  • Integrity, commitment to transparency and accountability, with demonstrated passion for BDT’s mission and commitment to helping individuals meet their basic needs.

TO APPLY
This search is being conducted with assistance from Allison Kupfer Poteet and Nureen Das of Nonprofit Professionals Advisory Group. Candidates are encouraged to apply as soon as possible, and applications will be reviewed as they are received. Please send nominations and/or applications including cover letter describing your interest and qualifications, your resume (in Word format), salary history, and where you learned of the position to: BDT-CFO@nonprofitprofessionals.com. Benefits Data Trust is an Equal Opportunity Employer. Candidates of all backgrounds are encouraged to apply.

Nonprofit Professionals Advisory Group is a national executive search and consulting firm dedicated to serving the mission-driven community. We partner with global mission-driven clients to deliver highly-tailored, innovative, and strategic senior- and executive-level search services. www.nonprofitprofessionals.com.

Filed under: Executive Level by Margie DuBrow

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