Good360 offers you the chance to change the world by joining a team of committed professionals who use their talents to help companies, nonprofits, and individuals come together to do good, better. The mission-driven leaders at Good360 want the CFO to understand that there is real hands-on work to do. Good360 seeks talented and ambitious individuals who can help deliver impact for its nonprofit and corporate partners every single day, to help people in need around the world. The successful candidate will be operationally focused with a sound understanding of complex accounting taxation compliance.
As the global leader in product philanthropy and purposeful giving, Good360’s mission is to close the need gap by partnering with more than 400 socially responsible companies to source highly needed donated goods and distribute them through Good360’s network of more than 100,000 diverse nonprofits that support people in need. Good360 is the link between organizations with so much to give and communities in critical need, closing that gap and opening new opportunities for all. Good360 has distributed more than $14 billion in needed goods, including more than $2.5 billion in goods in 2022 alone. Good360 is the #6 charity on the Forbes list of America’s Top 100 Charities and has a 4-star Charity Navigator rating. The organization has also been recognized as both a top workplace in the Washington, DC, metro area (by the Washington Post) and as a top nonprofit to work for in the United States (by NonProfit Times).
The Chief Financial Officer Role
The CFO will report to the CEO and has primary responsibility to oversee and direct financial, accounting, and investment activities in support of Good360 strategy. The CFO ensures sound financial management and investment practices that support organizational growth, financial stability, and community impact goals. The CFO also seeks ways to continuously improve the investment and finance department to align with organizational values and to expand opportunities for greater community involvement. The CFO ensures organizational compliance with the relevant laws and tax obligations and manages organizational risks and liabilities. Partnering with the Chief Development Officer (CDO), the CFO will ensure proper services that meet donors’ philanthropic goals. The CFO will partner with the SVP of Managed Programs to ensure proper reporting and auditing of investment strategies that advance Good360’s strategic goals. The CFO engages in racial-equity trainings and personal growth opportunities offered at Good360.
Essential Duties and Responsibilities
- Develop and monitor the implementation of long-range financial plans in conjunction with the CEO, including setting targets for organizational growth.
- Develop and maintain internal financial-management policies and procedures, performance measures, and dashboards.
- Develop strong working relationship with the Finance and Audit Committee.
- Prepare monthly and quarterly financial statements and financial analysis; oversee annual audit.
- Lead the Investment Committee to ensure compliance with the Finance and Audit Committee.
- Ensure the timely reporting of documents to donors.
- Oversee the Accounting, Accounts Payable, Fair Market Value departments to ensure best practices compliance with all applicable legal and regulatory requirements.
- Oversee organizational budgeting and reporting, working with Accounting Managers to prepare annual budgets and routine expenditure reports.
- Serve as the primary contact on behalf of Good360 for banking relationships and investment management.
- Oversee general administration and operations.
- Handle risk-management for Good360, working with insurance agents to ensure proper liability coverage (Directors and Officers, Cybersecurity).
- Supervise and develop the Financial Controller, Financial Director, and Accounting and any other employees within the function.
- Works with the CEO and other executives to coordinate planning and establish priorities for the planning process.
- Interface with CDO and SVP of Managed Programs to maintain financial and tax compliance for significant gift-in-kind donations.
- Ensure the overall integrity of the Fair Market Value of the inventory.
Required Skills, Experience, and Qualifications
- Bachelor’s degree in business or related field. A master’s degree is preferred.
- Eight or more years or the equivalent of directly relevant work experience at a Controller level or Chief Financial Officer level in the field of finance or investment.
- Proficiency with financial-management and accounting software systems and programs is required. Good360 currently uses NetSuite.
- Understanding of GAAP-basis accounting required.
- Strong leadership, strategic, and communications skills related to finance, investment, and general administration.
- Operations experience required; should have the ability to assess the business implications of Good360’s operations; to design and execute approaches to meet strategic business opportunities and challenges; and build support for proposed approaches at the Board level and externally.
- Understands, or is willing to develop an understanding of, the unique complexities of Good360’s business model.
- Strong analytical skills and practical experience and expertise in financial and accounting policies, practices, and systems.
- Demonstrated track record in meeting compliance and best-practices standards for finance, investment, and/or accounting.
- Ability to assess and propose strategies to manage organizational risk.
- Familiarity with, or willingness to learn about, a variety of charitable-giving products and approaches.
Personal Qualities and Competencies
- Team player, an active problem-solver, and open to new ideas.
- Ability to provide both strategic and operational support to the CEO and to work collaboratively with other peers to ensure coordinated management across Good360’s functional areas.
- Risk aware but not risk averse.
- Thrives as part of a team that values integrity, open and direct communication, vulnerability, and empathy.
- Strongly values diversity, equity, inclusion, and belonging and works to embed these values across the financial, investment, and administrative functions of the organization.
- Candidates from historically underrepresented and marginalized communities are encouraged to apply.
A competitive compensation package will be offered to attract an outstanding candidate.
To apply, please send a cover letter and current resume (Microsoft Word® format preferred) here. The cover letter should outline how your experience fits the requirements of the position as this will be an important factor in considering your candidacy.
Sterling Martin Associates is committed to providing equal opportunity for employees and applicants in all aspects of the employment relationship, without regard to race, religion, color, age, gender (including pregnancy, childbirth, or related medical conditions), marital status, parental status, sexual orientation, gender identity, gender expression, ancestry, national origin, citizenship, political affiliation, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. All employment is decided on the basis of qualifications, merit, and business need.