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Chief Financial Officer - Job Opportunity at Radford University Foundation

Radford, United States
Full-time
Executive
Posted: May 24, 2025
On-site
USD 100,000 - 130,000 per year

Benefits

Comprehensive 401(k) retirement plan with employer matching to enhance long-term financial security
Flexible spending account providing tax-advantaged healthcare and dependent care expense management
Comprehensive health insurance coverage with multiple plan options
Life insurance protection providing financial security for beneficiaries
Generous paid time off policy supporting work-life balance and personal well-being
Relocation assistance package demonstrating organizational commitment to attracting top talent

Key Responsibilities

Lead comprehensive financial operations strategy encompassing accounting, budgeting, forecasting, and cash flow management to drive organizational fiscal health
Execute primary accounting oversight including general ledger maintenance, reconciliations, and financial statement preparation ensuring organizational financial integrity
Manage and optimize foundation investment portfolio performance while serving as strategic liaison to investment advisors and committees
Develop and maintain robust internal controls and compliance frameworks ensuring adherence to GAAP and nonprofit regulatory standards
Coordinate annual audit processes and stakeholder reporting providing transparent financial insights to executive leadership and board members
Supervise and develop accounting team members fostering organizational excellence and professional growth
Support strategic fundraising initiatives through sophisticated budget modeling and donor stewardship reporting
Represent foundation at high-level university and public functions enhancing organizational visibility and stakeholder relationships

Requirements

Education

Bachelor's degree in Accounting required (Master's degree or MBA preferred)

Experience

Minimum of 7 years of progressive financial leadership experience, ideally in public accounting and/or a nonprofit, higher education, or foundation environment

Required Skills

Financial planning Investment management Nonprofit accounting Working with boards, auditors, and regulatory agencies Strong analytical, communication, and leadership skills Fund accounting Endowment management Blackbaud Financial Edge NXT

Certifications

CPA certification or Master's degree required
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Sauge AI Market Intelligence

Industry Trends

Nonprofit organizations are increasingly emphasizing financial transparency and accountability as donor expectations rise and regulatory scrutiny intensifies, creating demand for CFOs with strong compliance and reporting capabilities University foundations are expanding their investment sophistication and diversification strategies, requiring CFOs with advanced portfolio management and alternative investment experience Digital transformation in nonprofit financial management is accelerating, with organizations adopting cloud-based financial systems and data analytics tools to improve operational efficiency Integrated fundraising and financial planning approaches are becoming standard practice, requiring CFOs who can bridge development and finance functions effectively

Salary Evaluation

The offered salary range of $100,000-$130,000 is competitive for a university foundation CFO role in Virginia, particularly considering the lower cost of living in Radford compared to major metropolitan areas. This range aligns well with nonprofit sector compensation standards while reflecting the executive-level responsibilities and required CPA certification.

Role Significance

Typically supervises 2-4 direct reports in accounting and finance functions, with responsibility for developing and mentoring staff across the financial operations spectrum
This is a senior executive position serving as a key member of the leadership team with direct board interaction and significant organizational influence over financial strategy and operations

Key Projects

Annual audit coordination and compliance management Investment portfolio optimization and performance monitoring Financial system implementation and process improvement initiatives Strategic budget planning and endowment growth strategies Board reporting and stakeholder communication enhancement

Success Factors

Deep understanding of nonprofit accounting standards and fund accounting principles to ensure regulatory compliance and accurate financial reporting Strong relationship management and communication skills to effectively interface with board members, university leadership, and external stakeholders Strategic thinking capability to align financial operations with organizational mission and growth objectives Leadership and team development skills to build and maintain high-performing finance teams Investment management expertise to optimize portfolio performance and support long-term sustainability

Market Demand

High demand exists for experienced nonprofit CFOs with university foundation experience, as these organizations face increasing complexity in investment management, regulatory compliance, and donor stewardship requirements

Important Skills

Critical Skills

CPA certification and advanced accounting expertise are essential given the complex regulatory environment and fiduciary responsibilities inherent in foundation management Nonprofit and fund accounting knowledge is critical for managing restricted gifts, endowments, and compliance with donor intent and regulatory requirements Investment management capabilities are vital for optimizing portfolio performance and supporting long-term organizational sustainability Leadership and communication skills are essential for board interaction, team development, and stakeholder relationship management

Beneficial Skills

Technology proficiency in modern financial systems and data analytics tools to drive operational efficiency and enhanced reporting capabilities Development and fundraising knowledge to support integrated financial planning and donor stewardship initiatives Public speaking and presentation skills for board meetings, university events, and community engagement activities Project management expertise for leading financial system implementations and process improvement initiatives

Unique Aspects

Dual role serving as both primary accountant and strategic financial leader, providing comprehensive involvement in all financial operations
Direct investment portfolio management responsibility with Investment Committee liaison duties, offering significant professional development in institutional investing
Integration with university operations requiring navigation of both nonprofit and public sector financial environments
Public representation responsibilities at university and community events, combining financial leadership with external relations duties

Career Growth

Career progression to senior executive roles typically occurs within 5-7 years given the strategic nature of this position and comprehensive skill development opportunities

Potential Next Roles

Executive Director or President of university foundations or similar nonprofit organizations Chief Financial Officer at larger educational institutions or health systems Senior consulting roles specializing in nonprofit financial management and strategy Investment management positions with endowment funds or institutional investment firms

Company Overview

Radford University Foundation

Radford University Foundation operates as an independent nonprofit organization supporting a public university in southwestern Virginia, managing philanthropic assets and providing financial support for educational initiatives and institutional development

Positioned as a regional higher education support organization with focused mission alignment and community engagement, serving a university with established regional presence and growing national recognition
Serves as a key financial stewardship organization in the New River Valley region of Virginia, contributing to local economic development and educational advancement initiatives
Mission-driven environment emphasizing collaboration, transparency, and public service commitment, with strong emphasis on stakeholder relationships and community engagement
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