The Community Foundation of the Rappahannock River Region
Chief Financial Officer / Director of Finance (Fredericksburg)
The Community Foundation of the Rappahannock River Region, Fredericksburg, Virginia, United States, 22403
Chief Financial Officer / Director of Finance
Organization:
Community Foundation of the Rappahannock River Region Reports to:
President & CEO Status:
Full-Time (MF, 9:00 AM5:00 PM; possible 32-hour schedule) Location:
In-office
Position Overview The Chief Financial Officer / Director of Finance is responsible for maintaining the financial integrity of the Community Foundation. This role ensures accurate and timely accounting of all finances and investments in accordance with policies established by the Board of Governors. The Director is a key participant in organizational planning and management, providing leadership for all financial functions, including accounting, reporting, budgeting, investment oversight, audit coordination, grant payments, payroll, benefits administration, and internal controls. The Director serves as the primary point of contact for all financial inquiries from donors, fundholders, auditors, vendors, investment managers, and board members.
Key Responsibilities Financial Management & Accounting Accurately record, reconcile, and report all financial transactions for Foundation funds on a monthly and quarterly basis. Oversee fund management, including revenue posting, expense tracking, grant payout calculations, and fund disbursements. Manage proper handling of all gifts, including cash, checks, online donations, securities, real estate, and other assets. Complete monthly/quarterly bank and investment reconciliations across all accounts. Execute transfers between cash and investment accounts; issue administrative and grant checks. Process 1099s and maintain the balance sheet with appropriate revenue and expense allocations. Research best practices in accounting, tax, financial reporting, and human resources. Maintain and update authorized signers on Foundation accounts as needed
Investment Oversight Monitor investment performance across all portfolios. Collaborate with the Investment Committee and advisors to ensure compliance with governance guidelines. Manage the Foundations brokerage account, including stock gift sales, tracking, and short-term investments for non-pooled funds. Prepare monthly reports for the Treasurer and Finance Committee, and quarterly reports for the Board of Governors. Reporting & Compliance Prepare monthly, quarterly, annual, and ad-hoc financial statements and reports for the Board, committees, fundholders, donors, partners, and special projects. Ensure timely and accurate submission of all governmental filings. Audit & Tax Coordination Serve as primary liaison with independent auditors. Prepare required schedules, records, and documentation for annual audit and tax filings. Lead the selection process for audit and tax service providers when needed. Budgeting Collaborate with the President & CEO and staff to prepare the annual operating budget for review by the Finance Committee and Board. Ongoing monitoring of operating and program budgets. Payroll & Benefits Oversee outsourced payroll and benefits administration. Ensure correct implementation of benefit programs and support onboarding/off-boarding processes. Insurance Administration Act as liaison with insurance brokers and agents. Review and renew property, liability, D&O, and workers compensation policies annually. Gifts & Grant making Process grant making from all funds, ensuring accuracy and compliance. Review all gift and grant entries before posting.
Committee Responsibilities Oversee operations of the Finance & Audit Committee. Onboard committee members, schedule meetings, prepare agendas, record minutes, and maintain communication. Ensure timely dissemination of committee materials and financial information.
General Responsibilities Participate in staff and Board meetings. Provide data, reports, and proofreading support for publications and marketing materials. Conduct data collection and analysis as needed. Assist with acquisition and procurement processes. Perform additional duties as required in a small-staff environment.
Foundation-wide Expectations All Foundation staff are expected to: Maintain confidentiality, sound judgment, and high ethical standards. Demonstrate professionalism, positive communication, and dedication to service. Prioritize and manage multiple tasks with attention to detail and deadlines. Work independently while contributing to a collaborative team environment. Maintain working knowledge of office equipment and software. Possess a valid drivers license, reliable transportation, and current auto insurance. Systems We use the Foundant software system. Special consideration is given to individuals who have experience using this system. How to Apply To apply, please send a cover letter, resume, and salary requirements to HR@CFRRR.org. Attention: Search committeepriority consideration given to those who apply by
January 13, 2026 . Position will remain open until filled.
Benefits 13 federal holidays Generous paid time off (PTO) 3% retirement matching 80% employer-paid health, dental, and vision insurance Flexible work schedule
Community Foundation of the Rappahannock River Region Reports to:
President & CEO Status:
Full-Time (MF, 9:00 AM5:00 PM; possible 32-hour schedule) Location:
In-office
Position Overview The Chief Financial Officer / Director of Finance is responsible for maintaining the financial integrity of the Community Foundation. This role ensures accurate and timely accounting of all finances and investments in accordance with policies established by the Board of Governors. The Director is a key participant in organizational planning and management, providing leadership for all financial functions, including accounting, reporting, budgeting, investment oversight, audit coordination, grant payments, payroll, benefits administration, and internal controls. The Director serves as the primary point of contact for all financial inquiries from donors, fundholders, auditors, vendors, investment managers, and board members.
Key Responsibilities Financial Management & Accounting Accurately record, reconcile, and report all financial transactions for Foundation funds on a monthly and quarterly basis. Oversee fund management, including revenue posting, expense tracking, grant payout calculations, and fund disbursements. Manage proper handling of all gifts, including cash, checks, online donations, securities, real estate, and other assets. Complete monthly/quarterly bank and investment reconciliations across all accounts. Execute transfers between cash and investment accounts; issue administrative and grant checks. Process 1099s and maintain the balance sheet with appropriate revenue and expense allocations. Research best practices in accounting, tax, financial reporting, and human resources. Maintain and update authorized signers on Foundation accounts as needed
Investment Oversight Monitor investment performance across all portfolios. Collaborate with the Investment Committee and advisors to ensure compliance with governance guidelines. Manage the Foundations brokerage account, including stock gift sales, tracking, and short-term investments for non-pooled funds. Prepare monthly reports for the Treasurer and Finance Committee, and quarterly reports for the Board of Governors. Reporting & Compliance Prepare monthly, quarterly, annual, and ad-hoc financial statements and reports for the Board, committees, fundholders, donors, partners, and special projects. Ensure timely and accurate submission of all governmental filings. Audit & Tax Coordination Serve as primary liaison with independent auditors. Prepare required schedules, records, and documentation for annual audit and tax filings. Lead the selection process for audit and tax service providers when needed. Budgeting Collaborate with the President & CEO and staff to prepare the annual operating budget for review by the Finance Committee and Board. Ongoing monitoring of operating and program budgets. Payroll & Benefits Oversee outsourced payroll and benefits administration. Ensure correct implementation of benefit programs and support onboarding/off-boarding processes. Insurance Administration Act as liaison with insurance brokers and agents. Review and renew property, liability, D&O, and workers compensation policies annually. Gifts & Grant making Process grant making from all funds, ensuring accuracy and compliance. Review all gift and grant entries before posting.
Committee Responsibilities Oversee operations of the Finance & Audit Committee. Onboard committee members, schedule meetings, prepare agendas, record minutes, and maintain communication. Ensure timely dissemination of committee materials and financial information.
General Responsibilities Participate in staff and Board meetings. Provide data, reports, and proofreading support for publications and marketing materials. Conduct data collection and analysis as needed. Assist with acquisition and procurement processes. Perform additional duties as required in a small-staff environment.
Foundation-wide Expectations All Foundation staff are expected to: Maintain confidentiality, sound judgment, and high ethical standards. Demonstrate professionalism, positive communication, and dedication to service. Prioritize and manage multiple tasks with attention to detail and deadlines. Work independently while contributing to a collaborative team environment. Maintain working knowledge of office equipment and software. Possess a valid drivers license, reliable transportation, and current auto insurance. Systems We use the Foundant software system. Special consideration is given to individuals who have experience using this system. How to Apply To apply, please send a cover letter, resume, and salary requirements to HR@CFRRR.org. Attention: Search committeepriority consideration given to those who apply by
January 13, 2026 . Position will remain open until filled.
Benefits 13 federal holidays Generous paid time off (PTO) 3% retirement matching 80% employer-paid health, dental, and vision insurance Flexible work schedule