WTOP: 5 ways nonprofits can…
About the Organization:
Zion Church was established in 2000 and has grown to four physical campuses in Greenbelt Maryland, Landover Maryland, Fort Washington Maryland, Woodbridge Virginia, and our Zion Anywhere virtual campus where we serve over 25,000 members and attenders each Sunday. Our mission is to help people Experience God, Engage in connections, be Equipped through training, and Empowered to serve. Learn more.
About the Position:
Reporting to the Chief Executive Officer (CEO)/Senior Pastor (SP), Zion Church is seeking a Chief Financial Officer (CFO) to join the C-Suite team of our growing Church organization. The position is responsible for leading, managing, and coordinating all financial matters of Zion Church. Included but not limited to are the functions of accounting, finance, compliance, procurement, funding capitalization strategy, financial planning, payroll, accounts payable, analysis, cash projections, investment strategy, and reporting.
To be successful in this role, the CFO will need in-depth knowledge of non-profit financial accounting standards, contract administration, procurement methods and the ability to create forecasting models. The successful candidate must also be well-versed in all aspects of financial management ranging from simple accounting to more complex accounting applications related to revenue recognition, cost allocation, all accounting methodologies, new market tax credit (ERC) and equity investment structures.
The CFO must be able to adapt to a continually evolving environment and thrive in an autonomous and deadline-oriented workplace while managing an accounting and finance team. In addition to reporting to the CEO/Senior Pastor, the CFO will partner with senior leadership and the Zion Board of Trustees to develop and implement strategies across the organization. The ideal candidate will possess excellent leadership, collaboration and influence given his/her financial oversight of the various business units of the organization.
A Few Essential Duties and Responsibilities
Financial Management
- Oversee and actively manage the day-to-day accounting and financial operation. Report on financial results and issues to the CEO/SP, C-Suite, and Board of Trustees. Prepare, analyze, and present monthly financial reports for the organization, its programs, and activities.
- Forecast return on investment (ROI) /profitability for current and future programs.
Accounting and Compliance
- Manage day-to-day finance and accounting operations of the organization, ensuring effective policies, procedures, internal controls, and effective systems are maintained.
- Manage accounting control systems and internal audits ensuring the accurate and timely production of accounting information and financial reports.
Capitalization Strategy
- Develop capital plans for new loan and grant revenue, debt capital, joint financing partnerships, and other sources of capital for the organization.
- Participate in creating diverse capital solutions to expand the scale of financing activities, support the creation of new programs, and real estate initiatives.
Planning and Analysis
- Coordinate the development and monitoring of budgets.
- Develop financial business plans and forecasts.
Our Commitment to Equity, Diversity, Inclusion & Justice
Nonprofit HR is committed to fostering and maintaining a work environment where equity, diversity, inclusion & justice (EDIJ) are fully integrated into everything we do for the benefit of our employees and the clients that we serve. To fully realize our goal, we prioritize our understanding of the complexities of DEI within our workforce to inform our approach to talent management. We believe that this guides how we do our work, advise our clients to operationalize EDIJ and position our content and educational opportunities to help strengthen the talent management capacity of the social impact sector. See the full statement.