Chief Financial Officer, Nonprofit

Pro Search is partnering with the University of Southern Maine Foundation to hire a Chief Financial Officer (CFO) near Portland, Maine to provide leadership, strategic guidance, risk management, and organizational stewardship.

The University of Southern Maine Foundation serves as a catalyst for transformation at the University of Southern Maine. Now in their third decade of service, the Foundation is pursuing innovative ways to strengthen scholarship programs, raise capital, and achieve ambitious goals that help fuel the University's future.

The Foundation is an independent nonprofit 501(c)(3) organization governed by a Board of Directors and employs a highly collaborative team dedicated to advancing student success and institutional excellence.

This is not a transactional accounting role. Finance staff handle day-to-day accounting operations, reconciliations, and reporting. The CFO provides leadership, oversight, analysis, strategic guidance, risk management, and organizational stewardship.

The Foundation offers a comprehensive benefits package including four weeks of paid vacation, thirteen paid holidays, paid parental leave, generous health insurance, retirement plan matching, and support for professional development.

$125,000 - $150,000 annually, depending on qualifications and experience

This role serves as a member of the executive leadership team and is responsible for ensuring the organization's financial strength, operational effectiveness, human resource practices, policy compliance, and long-term sustainability.

The candidate will serve as an advisor to the President & CEO, Board of Directors, Finance Committee, and senior staff. They will identify risks, policies needed, develop solutions to organizational challenges, ensure compliance with financial and employment policies, and contribute to strategy and decision-making.

This role supervises two professional staff members and collaborates with leadership, administrators, donors, board members, auditors, investment managers, legal counsel, and other external partners.

The candidate is a strategic thinker and relationship builder, equally comfortable discussing financial strategy with board members, resolves gift agreement issues with development officers, advising leadership on organizational matters, and ensures the Foundation remains aligned with industry’s best practices.

The CFO's primary responsibility is organizational leadership, financial stewardship, risk management, and strategic decision support. Day-to-day accounting operations are managed by the Foundation’s Director of Finance & HR under the CFO's supervision.

• Develop and maintain multi-year financial forecasts, cash flow projections, and long-term financial models.
• Advises the President & CEO and the Board on financial strategy, sustainability, organizational risks, and opportunities.
• Identifies financial, operational, compliance, and reputational risks before they become organizational problems and develops proactive solutions.
• Monitors organizational performance and recommends adjustments to support strategic priorities and financial health.

• Serves as primary staff liaison to the Board Treasurer and Finance Committee.
• Ensure board members receive clear, accurate, and actionable information for effective fiduciary oversight and decision making.
• Presents financial reports, forecasts, recommendations, and analyses to the Board and committees.

• Oversees preparation of monthly, quarterly, and annual financial reports.
• Ensures appropriate internal controls, financial policies, and procedures are maintained and…