YMCA of Muncie
Job Title: Fractional CFO
Department: MSO- Accounting and Payroll
Reports to: Director of MSO- Accounting and Payroll
Summary The Fractional Chief Financial Officer (CFO) provides executive-level financial leadership and oversight to participating YMCAs through the MSO shared service model. This role ensures consistent financial strategies, reporting, and compliance across member associations while offering cost‑effective access to CFO expertise. The Fractional CFO will work in close collaboration with YMCA CEOs, Boards, and finance staff, supported by the MSO finance team, to provide guidance to strengthen financial health, optimize cash flow, and advance the mission of YMCAs statewide.
Key Responsibilities Financial Leadership:
Provide scalable CFO‑level services across participating YMCAs in alignment with the MSO’s fractional service model.
Direct annual cash flow forecasting with mid‑year refreshes and scenario analysis.
Provide guidance and support for annual budget development, offer insights through quarterly variance reviews, and coach CEOs to strengthen financial decision‑making.
Review of treasury management, including monthly cash management, banking overview, and providing guidance for investment strategies.
Deliver quarterly board‑ready financial narratives and presentation materials tailored to each YMCA’s needs.
Provide ad‑hoc strategic financial guidance, ensuring a 72‑business hour response time for CFO‑level inquiries.
Ensure compliance with accounting standards, financial regulations, and YMCA of the USA reporting requirements.
Contribute to long‑term financial strategies to improve sustainability and growth of participating YMCAs.
Review and strengthen internal controls, segregation of duties, and risk management policies by conducting internal assessments, identifying vulnerabilities (e.g., cash handling, grant compliance, IT security) as needed, and give guidance on corrective action plans for any weaknesses identified in past audits.
Provide technical accounting expertise on complex issues such as leases, revenue recognition, restricted funds, capital campaigns, and grant compliance, ensuring proper documentation and alignment with accounting standards while advising auditors on unique transactions.
Team & Collaboration
Partner with MSO accounting and payroll staff to deliver integrated financial management services.
Mentor and guide YMCA financial staff, promoting consistent standards and professional development.
Collaborate with YMCA CEOs, boards, and department leaders to ensure effective use of financial resources.
Qualifications
Bachelor’s degree in Accounting, Finance, or related field (MBA or CPA preferred).
7–10 years of progressive financial leadership, preferably in nonprofit or multi‑entity environments.
Proven expertise in budgeting, forecasting, cash flow management, and audits.
Experience with financial systems (Daxko, QuickBooks Online, or similar) and advanced Excel skills.
Strong analytical and problem‑solving abilities; able to distill complex data into actionable insights.
Excellent communication and interpersonal skills, with the ability to partner across multiple organizations.
Commitment to the YMCA’s mission and values, with a passion for strengthening community impact.
Essential Functions
The Fractional CFO provides high‑level financial strategy and oversight without the full‑time payroll cost of an in‑house CFO. Through this shared model, the CFO ensures consistency, transparency, and strategic insight across YMCAs while empowering local leaders with the financial tools and reporting necessary to make sound decisions. The role requires balancing day‑to‑day financial oversight with long‑term strategic planning across multiple independent associations.
YMCA Competencies (Team Leader) Mission Advancement:
Values
– Models and teaches the Y’s mission, vision, and values.
Community
– Ensures a high level of service with a commitment to changing lives.
Volunteerism
– Provides volunteers with orientation, training, development, and recognition.
Philanthropy
– Cultivates relationships to support fund‑raising.
Collaboration
Inclusion
– Champions inclusion activities, strategies, and initiatives.
Relationships
– Builds relationships to create small communities.
Influence
– Empathetically listens and communicates for understanding when negotiating and dealing with conflict.
Communication
– Effectively tailors communications to the appropriate audience.
Developing Others
– Provides staff with feedback, coaching, guidance, and support.
Effectiveness
Decision Making
– Provides others with frameworks for making decisions.
Innovation
– Conducts prototypes to support the launching of programs and activities.
Project Management
– Develops plans and manages best practices through engagement of team.
Finance
– Effectively creates and manages budgets.
Personal Growth
Self‑Development
– Shares new insights.
Change Capacity
– Facilitates change, models adaptability and an awareness of the impact of change.
Emotional Maturity
– Utilizes non‑threatening methods to address sensitive issues and inappropriate behavior or performance.
Functional Expertise
– Has the functional and technical knowledge and skills required to perform well, uses best practices, and demonstrates up‑to‑date knowledge and skills in technology.
PHYSICAL DEMANDS The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to use a computer for extended periods of time and be able to communicate using a computer and phone/smart device.
The employee frequently is required to sit and reach and must be able to move around the work environment.
The employee must occasionally lift and/or move up to 10 pounds.
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Department: MSO- Accounting and Payroll
Reports to: Director of MSO- Accounting and Payroll
Summary The Fractional Chief Financial Officer (CFO) provides executive-level financial leadership and oversight to participating YMCAs through the MSO shared service model. This role ensures consistent financial strategies, reporting, and compliance across member associations while offering cost‑effective access to CFO expertise. The Fractional CFO will work in close collaboration with YMCA CEOs, Boards, and finance staff, supported by the MSO finance team, to provide guidance to strengthen financial health, optimize cash flow, and advance the mission of YMCAs statewide.
Key Responsibilities Financial Leadership:
Provide scalable CFO‑level services across participating YMCAs in alignment with the MSO’s fractional service model.
Direct annual cash flow forecasting with mid‑year refreshes and scenario analysis.
Provide guidance and support for annual budget development, offer insights through quarterly variance reviews, and coach CEOs to strengthen financial decision‑making.
Review of treasury management, including monthly cash management, banking overview, and providing guidance for investment strategies.
Deliver quarterly board‑ready financial narratives and presentation materials tailored to each YMCA’s needs.
Provide ad‑hoc strategic financial guidance, ensuring a 72‑business hour response time for CFO‑level inquiries.
Ensure compliance with accounting standards, financial regulations, and YMCA of the USA reporting requirements.
Contribute to long‑term financial strategies to improve sustainability and growth of participating YMCAs.
Review and strengthen internal controls, segregation of duties, and risk management policies by conducting internal assessments, identifying vulnerabilities (e.g., cash handling, grant compliance, IT security) as needed, and give guidance on corrective action plans for any weaknesses identified in past audits.
Provide technical accounting expertise on complex issues such as leases, revenue recognition, restricted funds, capital campaigns, and grant compliance, ensuring proper documentation and alignment with accounting standards while advising auditors on unique transactions.
Team & Collaboration
Partner with MSO accounting and payroll staff to deliver integrated financial management services.
Mentor and guide YMCA financial staff, promoting consistent standards and professional development.
Collaborate with YMCA CEOs, boards, and department leaders to ensure effective use of financial resources.
Qualifications
Bachelor’s degree in Accounting, Finance, or related field (MBA or CPA preferred).
7–10 years of progressive financial leadership, preferably in nonprofit or multi‑entity environments.
Proven expertise in budgeting, forecasting, cash flow management, and audits.
Experience with financial systems (Daxko, QuickBooks Online, or similar) and advanced Excel skills.
Strong analytical and problem‑solving abilities; able to distill complex data into actionable insights.
Excellent communication and interpersonal skills, with the ability to partner across multiple organizations.
Commitment to the YMCA’s mission and values, with a passion for strengthening community impact.
Essential Functions
The Fractional CFO provides high‑level financial strategy and oversight without the full‑time payroll cost of an in‑house CFO. Through this shared model, the CFO ensures consistency, transparency, and strategic insight across YMCAs while empowering local leaders with the financial tools and reporting necessary to make sound decisions. The role requires balancing day‑to‑day financial oversight with long‑term strategic planning across multiple independent associations.
YMCA Competencies (Team Leader) Mission Advancement:
Values
– Models and teaches the Y’s mission, vision, and values.
Community
– Ensures a high level of service with a commitment to changing lives.
Volunteerism
– Provides volunteers with orientation, training, development, and recognition.
Philanthropy
– Cultivates relationships to support fund‑raising.
Collaboration
Inclusion
– Champions inclusion activities, strategies, and initiatives.
Relationships
– Builds relationships to create small communities.
Influence
– Empathetically listens and communicates for understanding when negotiating and dealing with conflict.
Communication
– Effectively tailors communications to the appropriate audience.
Developing Others
– Provides staff with feedback, coaching, guidance, and support.
Effectiveness
Decision Making
– Provides others with frameworks for making decisions.
Innovation
– Conducts prototypes to support the launching of programs and activities.
Project Management
– Develops plans and manages best practices through engagement of team.
Finance
– Effectively creates and manages budgets.
Personal Growth
Self‑Development
– Shares new insights.
Change Capacity
– Facilitates change, models adaptability and an awareness of the impact of change.
Emotional Maturity
– Utilizes non‑threatening methods to address sensitive issues and inappropriate behavior or performance.
Functional Expertise
– Has the functional and technical knowledge and skills required to perform well, uses best practices, and demonstrates up‑to‑date knowledge and skills in technology.
PHYSICAL DEMANDS The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to use a computer for extended periods of time and be able to communicate using a computer and phone/smart device.
The employee frequently is required to sit and reach and must be able to move around the work environment.
The employee must occasionally lift and/or move up to 10 pounds.
#J-18808-Ljbffr