Chief Financial Officer

Chesapeake Bay Foundation

Chesapeake Bay Foundation

Accounting & Finance
Annapolis, MD, USA
Posted on Tuesday, October 27, 2020

The Chesapeake Bay Foundation seeks a Chief Financial Officer in the Finance Department to be based at the Philip Merrill Environmental Center located in Annapolis, MD.

About the Chesapeake Bay Foundation

Established in 1966, the Chesapeake Bay Foundation (CBF) is the largest regional nonprofit conservation organization dedicated to saving the Chesapeake Bay, its rivers and streams, and the wildlife that call it home through education, advocacy, litigation, and restoration. Since 2010, CBF has engaged in a focused effort to defend and implement the Chesapeake Clean Water Blueprint, a binding federal and state collaborative agreement aimed at reducing pollution to the science-based, legally-affirmed levels established by the U.S. Environmental Protection Agency (EPA). The Blueprint is expected to be fully implemented by 2025. If the states and the federal government achieve Blueprint goals, the Bay will finally—after decades of failed efforts—be removed from the Clean Water Act's impaired waters list. Successfully implementing the Blueprint depends on a well-informed, engaged, active, and diverse constituency of members, advocates, and volunteers who speak up and take action to save the Bay.

CBF has a staff of approximately 230 employees working in offices in Annapolis, Maryland; Richmond and Virginia Beach, Virginia; Harrisburg, Pennsylvania; and Washington, D.C. as well as 15 field education program locations. Our staff and volunteer corps work throughout the region educating students and adults, advocating for clean water policies, restoring waterways, and litigating when necessary.

CBF's headquarters office in Annapolis, Maryland is the Philip Merrill Environmental Center, the world's first U.S. Green Build Council's LEED platinum building. In 2014, CBF opened the Brock Environmental Center—one of the world's most energy efficient, environmentally smart buildings—in Virginia Beach, Virginia.

CBF has an annual budget of approximately $30 million and is supported by over 300,000 members and e-subscribers. For more information on CBF, please visit our About CBF page.

About the Hiring Department


The mission of the Finance department is to establish and maintain the strategies and processes that ensure outstanding fiscal accountability at CBF that enhances the organization's credibility and motivates others to support our goals. The department is committed to providing high-quality financial information and management reporting that responds to the needs of funders, government regulators, administrators, and constituents.

Context of the Position

As the Chief Financial Officer (CFO) for CBF, your success will be achieved through both your ability to provide strategic leadership and guidance in all finance-related activities of the organization and your ability to provide transformational leadership while fostering a people-centric, 21st century workplace culture. Reporting to the President, the CFO oversees all accounting, financial management & reporting, budgeting, grant management, payroll, audit, banking, and investment services. The CFO serves on the Executive Management Team (EMT), partnering with other executive staff on leading change and shaping the strategy of the organization. The CFO serves as CBF's Treasurer, working with the Chair of the Audit and Finance Committee to provide essential data and information for CEO/Board decision-making.

Essential Functions

  1. Provide leadership and direction to the organization regarding all financial matters. Ensure CBF business, financial and grant practices are consistent and in compliance with industry, legal, and ethical standards.
    • Develop an understanding of CBF's business processes, organization, programs and initiatives in order to provide strategic financial consulting, modeling and financial analysis to CEO, Executive Management Team and mid-level managers in support of business decisions.
    • Monitor the organization's financial position and issue regular financial and operating reports, projections, and analysis.
    • Custodian of all funds, securities, and assets of the organization; Directs third party oversight of the investment portfolio in conjunction with the CEO & Investment Committee Chair in accordance with corporate investment policies to maximize return while preserving capital assets.
  2. Provide leadership and direction for the development of financial acumen among all staff, in particular financial and budget managers, to effectively support the grant management, budgeting, forecasting, and management of CBF revenue and expenses.
    • Collaborate with senior leaders and business development team to identify new revenue opportunities, develop business plans, and implement processes to monitor/track those transactions.
  3. Provide leadership and direction for accounting operations including month-end financial closing processes, accounts receivable, accounts payable, budget, investments, credit cards, cash and treasury.
    • Oversee development and maintenance of financial systems, controls, policies and procedures that meet nonprofit and GAAP standards, support CBF business strategies, and CBF financial reporting needs.
    • Lead the development of multi-year budget and business plans.
    • Lead the annual external audit of the financial records, the internal audit and compliance process. Engage and support the auditors in annually evaluating the overall fiscal accuracy of accounting records. Evaluate all audit recommendations and implement recommendations in conjunction with the CEO and Audit & Finance Committee.
  4. Provide leadership and direction for grant management operations across the organization including grant applications, budgets, compliance, procurement and contract management, reporting and indirect rates.
    • Oversee the cross departmental management of Federal, State, and Private Grants and assess the processes and software system needs.
    • Work closely with colleagues in the Development department to ensure accuracy and fiscal prowess as it pertains to proposal development.
    • Oversee the annual indirect rate application, negotiation and approval of CBF's NICRA with the cognizant agency.
  5. Provide leadership and direction for biweekly payroll management operations.
    • Oversee the payroll and timesheet process to ensure accurate reporting and compliance with federal, state, and local regulations, lobbying and grant reporting.
    • Oversee the recording of all internal accounting for salaries, benefits, leave, COBRA, FSA, HSA and tax payments.
    • Oversee the preparation of all federal reporting requirements (e.g. W-2, 941, etc) and ensure compliance with all tax regulations.

Professional Experience and Qualifications

  • Bachelor's degree in Business Administration, Accounting, or related field required.
  • Preferred education and licensure: Master of Business Administration (MBA) and Certified Public Accountant (CPA).
  • 20 years related experience and/or training; or equivalent combination of education and experience.
  • Preferred experiences: Service as a member of a senior management group; experience leading an accounting department; expertise in managing operating, capital and special campaigns; grants management; association or nonprofit experience strongly preferred.
  • High degree of financial acumen. Strong project management, leadership and decision-making skills. Results oriented.
  • Excellent writing, speaking, presentation, and interpersonal skills.
  • Ability to lead and develop staff. Ability to collaborate & communicate effectively across organizational lines.
  • Computer skills: budgeting and project management software; spreadsheet and word processing software.

Salary Range: $180k - $220k

How to Apply

Using the link below, please submit a cover letter and resume. This position will remain open until filled.

CBF offers a 36-hour work week, a flexible telework policy, a comprehensive benefits package to include: 20 vacation days, 10 sick days, 2 floating holidays, health, vision, dental, life insurance, and a 403(b) retirement plan with matching contribution. Learn more about CBF Benefits

We Are Committed to Diversity, Equity, Inclusion, and Justice

Just as biodiversity is the key to a thriving ecosystem, human diversity is the key to saving the Bay. Success depends on people from widely diverse backgrounds, cultures, ethnicities, identities, and races taking collective action. Clean water, clean air, and a safe environment are rights we all share.

To increase diversity, equity, inclusion, and justice, the Chesapeake Bay Foundation will:

  • Recruit and retain a staff, board, and membership that reflect the diversity of people living within the Chesapeake Bay region;
  • Strengthen and broaden the diversity of our partnerships;
  • Celebrate and value the diversity of staff; and
  • Fight to ensure that everyone has equal access to clean water, clean air, and a safe environment.

Studies show that women and people of color are less likely to apply for jobs unless they believe they meet every qualification listed in a job description. Wondering whether you have the right credentials or background to apply? We value lived experience, are serious about embracing diversity, and are committed to building a team that represents our communities' backgrounds. We encourage BIPOC, women, people from the LGBTQ+ community, and people with disabilities to apply.

CBF does not discriminate based on any identities. All qualified applicants are encouraged to apply and will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.