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Job Opening: Chief Financial Officer

Episcopal House

The Chief Financial Officer (“CFO”) is the principal financial operating officer of the Episcopal Diocese of Newark. The CFO reports directly to the Bishop and has duties in and responsibilities for the following areas and functions.

Overview of responsibilities

Finance Office leadership

The CFO leads the Finance Office in the performance of all financial responsibilities of the diocese. In addition to the CFO, the Finance Office includes a full-time Controller, and a full-time Financial Assistant/Bookkeeper & Diocesan Insurance Coordinator.

Diocesan leadership

The Diocese of Newark has embarked on a journey of Joining God in Shaping Our Future. All members of the Bishop’s staff understand that their role and participation in this journey is an essential part of their diocesan responsibilities.

The CFO also provides advice and counsel to the Bishop and the Program Team regarding strategy and financial matters of the diocese and of its congregations, embodying the spirit of a Servant Leader.

Detail of responsibilities

Joining God in Shaping Our Future

The CFO’s role has included, for example:

  • Participation in the development of the Joining God in Shaping Our Future process
  • In-depth interaction with the diocesan Program Team and consultants to identify adaptive challenges facing the diocese
  • Co-presentation of the journey at many diocesan events
  • Assisting in re-imagining and reshaping the Annual Diocesan Convention
  • With the Program Team, developing Listening Excursions to assist members of congregations in listening to God in Scripture, in one another, and in our neighborhoods

Financial records

The Finance Office is responsible for the creation, maintenance and reporting of diocesan financial records, including but not limited to:

  • Operating accounts
  • Investment accounts
  • Restricted and unrestricted funds and endowments
  • Payroll and benefits for diocesan employees and retired diocesan staff persons
  • Congregational loan and grant funds

Budgets

Working with the diocesan Budget and Finance Committee, the Finance Office is responsible for the preparation, presentation, maintenance and implementation of the diocesan budget:

  • Prepares annual budgets for Diocesan Council and Trustees
  • Presents Council’s budget to Council and Convention for approval
  • Presents Trustees’ budget to Trustees for approval
  • Oversees monthly revenue and expenses in relation to the budgets
  • Reports monthly to Council, Trustees and the diocese, as appropriate
  • Prepares and presents the Trustees’ and the Bishop’s Discretionary Fund budgets.

Financial reporting

Responsible for the preparation, presentation, and maintenance of Diocesan financial reports:

  • Prepares monthly and annual financial reports for Diocesan Council and Trustees
  • Monitors performance against budget
  • Prepares long-term financial projections and analyses of diocese and its funds
  • Provides reporting essential to staff and committees' oversight of appropriate budget areas
  • Prepares annual diocesan report to The Episcopal Church, as required by canon

Audits

Oversees and monitors annual audits of diocesan accounts:

  • Coordinates annual audits of Diocesan Council, Trustees, and other financial accounts by external auditors
  • Provides staff support to the diocesan Audit Committee
  • Receives and reviews annual parochial reports and audits prepared by each congregation

Investments and endowments

Coordinates investment process and reporting:

  • Provides financial oversight of Diocesan Investment Trust (DIT) reporting to its Trustees who oversee investment performance
  • Provides support to congregations investing with the DIT regarding investment opportunities and distributions
  • Acts as liaison between congregations and TIAA Trust Company (the current investment management and record-keeping firm) for all questions and issues related to investment reporting and procedures
  • Provides proper recording and use of gifts and legacies as per donor requirements

Stewardship

Oversees all aspects of diocesan congregational giving program:

  • Communicates with congregations concerning voluntary pledges to the diocese
  • Assists in the development of standards for giving to the diocese
  • Provides reports on congregational giving to the diocese
  • Implements monthly invoicing and collection of congregational pledge payments
  • Promotes stewardship education to congregations
  • Conducts workshops on stewardship topics

Diocesan-wide relationships

Works closely with diocesan committees and other staff in areas of leadership and administration of the diocese:

  • Provides support to congregations with respect to financial reporting, treasury and accounting matters, compliance with audit and other diocesan requirements, and related matters
  • Interacts with congregations and staff with regards to enrollment and changes in medical and dental insurance coverage and questions with regards to such coverage
  • Meets with clergy and vestries/executive committees regarding financial and stewardship issues, concerns and opportunities

Qualifications

  • Education: Bachelor’s degree in accounting, finance, business or related field
  • Experience: Minimum 10 years’ experience in a responsible similar financial position. Evidence of leadership ability and strategic planning background. Common sense experience in non-profit financial management
  • Relational: Strong communication skills, both written and oral presentation; ability to work cooperatively with persons of all educational levels and backgrounds, including volunteers
  • Analytical: Strong organizational and problem-solving skills, ability to assimilate and evaluate large amounts of information and communicate it and its implications clearly
  • Knowledge of the Episcopal Church required; knowledge of the Diocese of Newark a plus
  • Availability for evening and weekend meetings as required
  • Commitment to working with a community of faith with the humility, dignity and grace of a Servant Leader.

Salary:

Commensurate with experience

Submit resumes by Friday, April 28, 2017 to:

The Rev. Canon Gregory A. Jacobs
Diocese of Newark
31 Mulberry Street Newark, NJ 07102

Or by email
gjacobs@dioceseofnewark.org