Chief Financial Officer: Xiente

Xiente, formerly known as Norris Square Community Alliance, is a nonprofit organization based in Philadelphia, PA in operation for over 40 years. It was founded in 1982 by a group of community women who decided to take control of their neighborhood and provide a safe and healthy environment for their children. Our mission is to transform communities by empowering individuals to achieve social mobility.

Xiente addresses poverty through a holistic approach that includes personalized economic mobility plans for families. Bringing a comprehensive approach to tackling poverty and promoting economic mobility, Xiente offers programs that include early childhood education, youth development programs, financial literacy, workforce development, and housing services.

The Opportunity

Today, Xiente is poised to expand its leadership with a Chief Financial Officer (CFO) who will work in close partnership with the CEO and COO. The CFO is responsible for managing the financial operations of the organization, ensuring the organization’s financial health and sustainability. This role will oversee all financial reporting, budgeting, forecasting, financial analysis, and compliance requirements.

As part of the Executive Team, the CFO will help shape the strategic direction of the organization as Xiente continues to evolve by developing and executing strategy, leveraging best practices, managing organizational transformation and growth, and creating a high-performance, results-driven culture.

The CFO will manage a 7-person team that includes a Controller and Budget Manager, along with other key functional roles: Accounts Payable, Purchasing, Receivable Manager, and Finance Clerk.

Responsibilities will include, but are not limited to:

1. Oversee all financial operations and activities of the organization.
2. Develop and implement financial strategies, plans, and policies to ensure the organization’s financial health and growth.
3. Create financial models to evaluate potential new development or investments opportunities.
4. Negotiate development financing with the appropriate documentation.
5. Oversee cash & investments to appropriately balance risk, return and liquidity.
6. Monitor and analyze financial performance, including profit and loss statements, balance sheets, and cash flow statements.
7. Manage the organization’s financial forecasting and budgeting process while ensuring compliance with federal and state laws and financial regulations.
8. Conduct regular audits to ensure the accuracy and integrity of financial records.
9. Collaborate with other departments to develop and implement strategies for revenue and resource management.
10. Ensure timely and accurate payroll processing and compliance with payroll regulations.
11. Stay updated on changes in accounting standards, regulations, and best practices, including nonprofit GAAP.
12. Prepare and present financial reports to the executive team and Board of Directors.
13. Provide strategic recommendations and counsel to the CEO, leadership team and Board of Directors on financial matters.
14. Oversee the organization’s risk and compliance management framework.
15. Establish, maintain, and deepen collaborative partnerships internally and externally.
16. Continually review and refine all financial systems and procedures.
17. Coordinate with external accounting firms and consultants regarding annual audits and regulatory reporting.

Candidate Profile

The CFO will have deep experience leading finance in a complex environment. They will also have the technical abilities and confidence to ensure that Xiente’s financial oversight is of the highest caliber. A strategic finance leader with strong quantitative and analytical skills, this leader will be able to transition seamlessly between the “big picture” and minutia. They will bring a high level of intellectual horsepower with a collaborative, inventive, and service-oriented mindset.

Systems Builder and Results-Driven Management

The CFO will bring deep experience in effectively leading change management efforts, with a thoughtful, intentional approach to stewarding new initiatives. They will be skilled at quickly establishing rapport, cultivating relationships, building confidence, and strengthening trust across all levels of the organization.

Tactical and Strategic Leadership

Key to success in this role, the CFO will have a proven track record of converting strategy into effective execution. This individual will bring a deep appreciation for complex business challenges, and excitement to be part of a team focused on identifying strategic and innovative solutions.

Passion for the Mission

Along with other members of the leadership team, the CFO will help inspire and motivate others to push the organization’s vision forward. An empathic, confident leader, the CFO will treat others with respect and will understand that at times, empathy is an essential quality.

Technical Experience

1. Strong knowledge of nonprofit and governmental accounting principles, practices, and regulatory reporting requirements.
2. Proficiency in technical accounting standards and financial management principles.
3. Experience in revenue cycle management and payroll management.
4. Excellent analytical skills with the ability to interpret complex financial data.
5. Ability to effectively communicate complex financial information to non-financial stakeholders.
6. Familiarity with MIP and/or other accounting software.

Salary is competitive and commensurate with experience. The salary range for this role is $135,000 – $155,000 with a generous benefits package.

Contact

Koya Partners has been exclusively retained for this engagement. Express interest in this role here. All inquiries and discussions are 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.

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