The Council of Michigan Foundations (CMF), Michigan’s leading resource for philanthropy, seeks nominations and applications for the position of Chief Finance & Operations Officer (CFOO). Stewarding finance, operations and investments, the CFOO will report directly to the CEO and serve as an important senior leader in a dynamic, evolving leadership organization.
Over the next few years, CMF will advance a new vision that will change the way CMF engages and supports Michigan’s philanthropic community. The next chapter will include an updated business model, a new organizational footprint, a modern talent agenda, and new policies that support CMF’s values and aspirations as a 21st century leadership organization. The CFOO will play a critical role in the success of this transformation of one of the nation’s leading philanthropy-serving organizations.
The CFOO will be a strategic and innovative thinker who understands the complexities of a membership organization serving the philanthropic sector. They will partner closely with the CEO and provide support to the board finance and investment committees in the strategic stewardship of the organization. The CFOO will lead and work closely with a group of seasoned directors responsible for finance, grants and information management, reception and facilities, information technology, membership administration, and talent and culture to adapt CMF’s internal systems for impact, agility, and sustainability. Leadership experience, transparency, and emotional intelligence in collaborating with internal and external stakeholders are crucial along with the ability to inspire and manage high-performing teams. The CFOO will embrace and help to advance CMF’s commitment to diversity, equity, and inclusion and foster a culture of curiosity, innovation, excellence, and purpose in a time of transformation.
This search is being conducted with assistance from Linh Nguyen, Katherine Jacobs, and Vanita Bhargava of NPAG. Due to the pace of this search, candidates are strongly encouraged to apply as soon as possible.
Applications, including a cover letter describing your interest and qualifications, your resume (in PDF or Word format) and where you learned of the position, should be submitted to: CMF-CFOO@nonprofitprofessionals.com. In order to expedite the internal sorting and reviewing process, please type your name (Last, First) as the only contents in the subject line of your e-mail.
Opportunities and Challenges for the CFOO
Working closely with the President and CMF Leadership Team, the CFOO will advance the overall CMF strategies and goals. The CFOO can expect to engage with the following opportunities and challenges:
Support the CEO, Board, and Leadership Team in Strategic Leadership
Ensure strong and clear communication and engagement with the CEO about the status of the organization’s business functions, resource development, and support of CMF trustees engaged in audit, finance and investment responsibilities.
Serve as a key leader and information guide to support the CEO and CMF Leadership Team in robust ways including analysis of data and suggested action steps for efficiencies, reforms and operational innovations.
Serve as an ambassador for the organization’s work and advisor to CMF members and the broader philanthropic community on financial and operational excellence.
Lead Day-to-Day Operations and Administrative Activities with an Eye Toward Continuous Improvement
Oversee Operations, Talent Development and Human Resources, Finance and Investments, Data Systems and IT in a manner consistent with CMF’s mission and values.
Identify and implement new and sustainable approaches to streamline and optimize systems that will improve CMF operations and serve members’ needs.
Create talent development systems that recruit, develop and retain the best talent in the field.
Operationalize New Strategic Directions and Business Strategies
Bring a broad organizational perspective and develop an entrepreneurial approach to the business model that includes a new “revenue development” beyond dues, projects and sponsorships while examining high demand special projects needed to maintain the core operations.
Partner with the CEO to assess risks, note opportunities for expansion, set overall goals and metrics, and propose programs or systems to move CMF’s strategies forward.
Manage and Sustain Financial Systems
Manage CMF’s sophisticated finances, from revenue generation, investment strategies, resource development, resource allocation, to cost management.
Work with the Board, CMF Leadership Team and CEO to actively predict, plan, and address short- and long-term cash requirements and create budgets in coordination with department leaders and other executives.
Deepen the organization’s enterprise development and business model analysis of CMF’s finances to position the organization for long-term growth and sustainability.
Manage Multi-Campus Operations to Support Strategic Performance
Embrace the “power of place” to increase the effectiveness of the organization and CMF team members and promote relationship building and collaboration in communities where members lead and engage.
Examine office configurations to ensure effective alignment of geographic office locations with CMF’s current work, including the opening of a Lansing office, continuing its Grand Rapids office, and relocating CMF’s Detroit presence.
Evaluate and Maintain Policies for Sustained Organizational Effectiveness
Continually analyze, evaluate and recommend administrative policies in alignment with changing organizational needs and compliance regulations using a thorough, consultative decision-making process in close partnership with the CMF Leadership Team and CMF employees broadly.
CMF’s significant transformation process involves every area of the organization. Along with deep financial and operational acumen, the successful candidate will also be a strategist and an innovator who understands the complexities of a membership organization that supports philanthropy. While no one candidate will embody all the qualifications enumerated below, the ideal candidate will possess many of the following professional and personal abilities, attributes, and experiences:
Innovative leader with proven track record of effective, transparent and engaging leadership in a dynamic, complex organization;
Strong skills and experience in finance, accounting, and investment monitoring and controls;
Experience with nonprofit finances and customer focused portfolios preferred;
Demonstrated ability to drive institutional goals and aspirations;
Entrepreneurial mindset and analytical, problem solving abilities;
Experience managing complex operations in a multi-campus environment;
Excellent communicator with demonstrated written, verbal and interpersonal skills;
Customer service mindset and demonstrated ability to communicate, influence and develop meaningful relationships with stakeholders;
Understanding of philanthropy (grant makers and donors) and the nonprofit sector and their unique business models;
Knowledge of Michigan philanthropy, the values of the field, and CMF’s role in advancing them preferred;
Strong organizational skills;
Strong collaboration and facilitation skills;
Ability to steward a talent agenda that ensures CMF can attract and retain the top talent in the field; and
Demonstrated commitment to diversity, equity and inclusion and the desire to advance equity in the work of the organization.
About Council of Michigan Foundations
The Council of Michigan Foundations is a community of members committed to growing the impact of Michigan philanthropy through investing in the state's charitable organizations, convening business, government and nonprofit leaders, collaborating on critical issues, seeking innovative solutions, sharing knowledge and advocating. Collectively, CMF members comprise nearly 85 percent of the state’s organized philanthropic assets.