Chief Financial OfficerThompson Island Outward Bound Education Center, Inc. • Full-Timehttp://www.thompsonisland.org/Boston, MATHE ORGANIZATION
"The work of Thompson Island shows how important learning in the real world can be for young people. More schools should partner with Thompson Island... and look to the work on the island as an example of how teaching to the test can be done productively."
— The Boston Globe
, Editorial, November 12, 2012
Serving over 6,500 youth, more than 12,000 adult hospitality clients, and 3,000 professional clients & adult volunteers annually, Thompson Island Outward Bound Education Center, Inc. (TIOBEC) is an independent Massachusetts non-profit based in Boston and a chartered member of the Outward Bound USA network. It provides adventurous and challenging outdoor learning programs for young people from diverse economic backgrounds with programs designed to inspire academic achievement, leadership and teamwork. With a research based program design and independent evaluation showing remarkable gains in student skills, it is one of the most respected Outward Bound centers in the U.S. and a strategic partner to dozens of Boston area schools.
Thompson Island is one of the largest, most accessible and ecologically diverse islands in the Boston Harbor Islands National Recreation Area. With 204 acres of undeveloped property, the Island has mature forests, meadows, freshwater and marine wetlands, salt marshes and a variety of important geological features. Thompson Island has a formal school campus complete with dormitories, dining hall, classrooms, lab space, library, auditoriums, gymnasium, four challenge courses, and a 60-foot climbing tower. The Island is ideally suited to be Boston's Island Classroom
TIOBEC has a sustainable business model beyond its core educational mission with diverse revenue streams built on a common infrastructure and using the charisma of the island as a competitive advantage in professional training programs and special events. Its $4.7 million in unrestricted operating revenue is comprised roughly of one-third from philanthropy for youth programs, one-third earned revenue from youth programs, and one-third revenue from social and corporate events and conferences. It has a year-round staff of approximately 22 employees, a seasonal staff of over 100, and more than 1,200 volunteers. TIOBEC is governed by a 28-member Board of Trustees, and numbers 46 on its Board of Advisors. With an endowment of $5.5 million, positive cash flow from operations in every year since 2009, and a successful $8.1 million capital campaign in progress, TIOBEC is poised to grow its capacity by 50% and its operating budget by approximately 20% in the next 3-5 years in order to expand its impact on young people and the community-at-large.
The Chief Financial Officer (CFO) reports directly to the President and CEO and has a direct relationship with the Chair of the Board's Finance and Audit Committee. As a member of the 5-person senior management team, the CFO participates in setting strategic direction for the organization and in managing execution of both mission-based and business-focused objectives. TIOBEC is a relatively small business with sizable assets and diverse yet integrated product lines. The CFO position combines a strong work ethic, disciplined execution of accounting procedures, and efficient time management in a hands-on work environment.
The CFO will guide the development of budgets with the senior management team, monitor progress, and present financial and operational reports both internally and externally. As part of these duties, the CFO will:
Prepare financial reporting materials for funding organizations and TIOBEC's Board of Trustees, including monthly and annual financial statements.
Manage cash flow and forecasting as well as all financial, project-based, and departmental reporting, including reconciling operating, capital, restricted, and unrestricted gift revenue with the Development Department.
Maintain financial record systems in accordance with Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) for nonprofit organizations.
Coordinate all audit activities and periodically recommend audit firms to the Finance and Committee.
Review and develop finance procedures and processes, and make recommendations for increased efficiency and effectiveness.
Assure legal compliance with all local, state, and federal tax filings and annual reporting regulations.
Maintain accounting for endowment funds to meet requirements for unitization and donor reporting.
Manage relationship with investment firm to execute the policies of the trustee investment committee regarding asset allocation of endowment funds and appropriation of funds.
Oversee contractual obligations with the National Park Service,
Administer separate banking relationships for operating fund and capital campaign fund.
Manage relationship with chartering organization's risk management officer to comply with and monitor pooled insurance arrangements made through them.
Oversee long term and capital leases.
Advise senior staff on terms and conditions of significant business contracts and maintain electronic filing of contractual documents.
Provide guidance to human resource functions, including reviewing and commenting on policies and procedures for compliance with federal and state laws.
Oversee, administer, and monitor payroll and employee benefit programs.
Perform other duties as needed
The CFO collaborates and works closely with peers on the senior management team, including the President, Chief Operating Officer, Vice President of Programs, and Vice President of Development & Communications. Additionally, the CFO will:
TRAITS AND CHARACTERISTICS
Serve as staff representative to the Finance and Audit Committee.
Act as the liaison to the Investment Committee and participate in the Committee's deliberations on asset allocation for endowment funds.
Support and advise human resources, academic programs, hospitality, food and beverage, marine operations, and buildings & grounds department managers in budgeting, administrative procedures, inventory management, and other areas.
Supervise controller, payroll clerk, and other financial and administrative staff as needed.
The CFO must be a highly organized, analytical, and goal-oriented leader with superior conceptual thinking, planning, and problem solving abilities. A systematic and practical person with strong intellectual curiosity, he/she will have a well-rounded set of capabilities that sets him/her apart from others, including strong data analysis and financial modeling skills. An innate ability to develop, monitor, and follow policies and procedures balanced by the motivation to be of service to a variety of mission-focused stakeholders.
The CFO must also be highly motivated to support young people in Boston by supporting world class education programs with disciplined business execution. He/she will be a self-starter who enjoys the craft of accounting and strives for accuracy, transparency and insight in presenting financial reports and analysis. He/she takes the initiative to improve efficiency and effectiveness of the business office and the overall organization.
Additionally, the CFO will also possess the following competencies:
Personal Accountability — Embraces his/her own capacity to be answerable for personal actions and professional decisions.
Self-Management — Independently pursues objectives in an organized and efficient manner, prioritizes activities, maintains a high level of progress without direct supervision, and completes high quality work on time, on budget, and on mission.
Planning & Organizing — Develops, establishes, and implements plans that are relevant, realistic, and attainable with the resiliency to adapt to evolving organizational needs.
Diplomacy, Tact, and Collaboration — Maintains positive relationships, partners, and communicates effectively with others with respect for the diverse skills, experience, and workforce that make up the TIOBEC family of professionals.
A Bachelor's degree with at least 5 years' experience in a senior financial management role or the equivalent combination of education and experience. Expertise in the nonprofit and for-profit sectors and/or hybrid business models is strongly preferred. Familiarity with non-profit GAAP, FASB, and OMB reporting is considered an advantage. Strong Microsoft Office skills, particularly in the development and oversight of multi-sheet Excel reporting models, are required.
COMPENSATION AND BENEFITS
Competitive compensation, incentive plan based on organizational performance, and benefits that include health, vision, dental, matching 401(k) plan, vacation, and a quality work life in the vibrant Seaport district with frequent access to the natural wonders and positive impacts of Thompson Island.
APPLICATIONS AND INQUIRIES
Cover letter and resume with key accomplishments to:
Mr. Bruce D. Thibodeau, President
Arts Consulting Group, Inc.
304 Newbury Street, Suite 315
Boston, MA 02115-2836
Tel (617) 448.0206 Fax (888) 284-6651
Thompson Island Outward Bound Education Center, Inc. is an equal opportunity employer.