Job Description

The Chief Financial Officer (CFO) leads KIPP MA’s finance and accounting functions, managing resources that fuel our progress toward impact, sustainability, and scale. An experienced manager aligned with KIPP MA’s values and culture, the CFO oversees a team of finance staff and outsourced partners and consultants. Reporting to the Executive Director, the CFO is a key member of KIPP MA’s executive leadership team, collaborating with staff across our region and schools in Lynn and Boston. Bringing sophisticated finance expertise, the CFO manages: Financial Operations, Controls & Compliance; Financial Reporting; Budgeting; Real Estate Financing; and Sustainability Planning. With increasing organizational and financial complexities, the CFO provides strategic leadership and seasoned management to the KIPP MA network.

This role requires consistent and reliable demonstration of the following essential job functions and key responsibilities:

KEY RESPONSIBILITIES

Strategic Finance Budgeting & Planning:

• Oversee KIPP MA’s long-term financial strategy and ensure financial health while maximizing resources available to students
• Oversee efficient and effective budget, forecast, and monthly variance analysis processes; ensure maintenance with all financial covenants
• Deliver concise and clear analyses and takeaways to stakeholders, including boards, finance committees, and internal teams; identify recommendations and action steps based on financial analyses
• Produce accurate and timely monthly financial statements for school leadership and executive team to review, including budget-to-actuals-to-forecast for income statement, cash flow, and balance sheet
• Produce accurate, timely financial reports for special analyses, projects, grants/contracts, and planning with board, leadership team, school leaders, department managers
• Define, track, and report progress on financial health and sustainability metrics
• Oversee finance portions of public grants management including budgeting and reporting
• Coordinate with Development team on revenue projections, recognition, reporting and budgets
• Design and lead annual budgeting process, collaborating with leadership team, regional office staff, school leadership and operations staff, and board
• Develop business plans and multi-year financial and sustainability strategy and modeling

Staff Management Financial Operations, Controls & Compliance

• Directly hire, manage and develop regional office finance staff (3-4 FTE) to conduct tasks such as accounts payable, accounts receivable, and other daily accounting and financial functions and general ledger transactions
• Document, communicate, and manage staff on fiscal policies and procedures
• Lead financial components of cross-functional projects with Executive Team Leaders (ELT) as needed and directed
• Provide strong leadership and supportive culture to finance staff in order to attract, develop, and retain high quality team members
• Actively engage all stakeholders by sharing information in a timely manner, seeking to understand multiple perspectives, and authentically partnering across teams
• Build trusting relationships across the organization in order to foster meaningful collaboration between finance and all other functional areas
• Model and develops in others a spirit of continuous learning

Financial Controls and Compliance

• Project manage preparation for and participation in financial and compliance audit
• Manage all reporting and audits for KIPPMA Funds Board and KIPPMA Management, LLC
• Oversee tax reporting

Real Estate Finance

• Work closely with Executive Director, Board facilities committee and external consultants to align operating financials with real estate project financials, financing requirements and reporting
• Monitor closely and ensure adherence to all financial covenants and agreements related to bank loans and financings.
• Periodically lead market evaluations to ensure KIPP’s banking relationships are consistent with market rates. Lead effort to refinance real estate loans if appropriate.

General Requirements and Responsibilities

• Embody KIPP MA’s Code of Conduct by acting with integrity, leading with humanity, centering self-awareness and critical consciousness, taking personal responsibility, and engaging productively
• Participate and engage in regional professional development and community events as required

KIPP MA staff are supported in their demanding work by experienced and dedicated leadership and staff who have themselves proven successful in their role. Our KIPP MA Executive Leadership Teams maintain consistent systems and procedures designed to permit staff to do their best work.

In addition to the responsibilities listed above, there will occasionally be other duties as assigned that staff will engage in to help promote a positive and safe learning environment and culture.

Qualifications

Qualifications for the role:

• Deep alignment with KIPP MA’s mission and values, including the unwavering belief in the high potential of all students
• Advanced expertise in financial functions required, including: Accounting & Controls; Compliance; Reporting; Budgeting; Grants; Real Estate; Financial Modeling; Business Planning
• Nonprofit or public sector experience required, preferably in a high-performing, growing, multi-site education or school organization
• 10+ years of professional experience with substantial experience overseeing financial systems and successfully developing multiple staff members
• Demonstrated commitment to superior customer service; goal driven, accountable, and reliable; strong attention to detail and follow through
• Proven ability to plan, build and execute at the same time
• Highly flexible with the versatility to shift between strategic and tactical responsibilities
• Excellent written and oral communication skills. Ability to explain technical financial information clearly and concisely to non-finance professionals
• Organized project manager with the ability to multitask and prioritize effectively
• Deep alignment with KIPP:MA mission, values, culture and team. Relentless determination to do whatever it takes to help our students succeed
• Advanced proficiency in MS Excel and financial information systems (esp Abila MIP Fund Accounting)
• Bachelor’s Degree required, Master’s in business, finance, accounting or public administration and/or CPA preferred
• Pass Criminal Background Checks

Additional Information

What We Offer

The minimum base salary for this exempt position is $150,000 to $180,00 (per 1.0 FTE/45 hours per week), with a $1,000 signing bonus—and an annual performance bonus as well as other bonuses, when eligible. This role follows our 12 Month calendar. For more about what we offer, how to apply and more about KIPP MA, please visit this link HERE. ****

KIPP MA is an Equal Opportunity Employer. We believe in building a vibrant and welcoming school community that advances our mission of ensuring that all KIPP students graduate with the skills and confidence to lead fulfilling lives. This includes a commitment to attracting and developing individuals who understand the experiences of the students and communities we serve. We hire without consideration to race, religion, creed, color, national origin, age, gender, sexual orientation, marital status, veteran status, or disability.