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Chief Financial Administrative Officer (CFAO) - Job Opportunity at Confidential

Rockville, MD, US
Full-time
Executive
Posted: June 12, 2025
On-site
USD 135,000 - 170,000 per year

Benefits

Comprehensive 401(k) retirement savings plan providing long-term financial security and wealth building opportunities
Full medical insurance coverage ensuring healthcare access and financial protection against medical expenses
Generous paid time off policy supporting work-life balance and employee well-being
Vision insurance coverage protecting eye health and reducing out-of-pocket optical expenses
Health savings account (HSA) offering triple tax advantages for medical expenses and retirement planning
Dental insurance providing preventive and restorative dental care coverage
Flexible spending account (FSA) enabling pre-tax payment of eligible healthcare and dependent care expenses
Life insurance protection providing financial security for beneficiaries
Employee assistance program offering confidential counseling and support services for personal and professional challenges
Prescription drug insurance reducing medication costs and ensuring access to necessary treatments

Key Responsibilities

Lead strategic financial leadership across a complex multi-tiered finance organization, directly managing senior finance professionals and driving organizational financial excellence through effective team development and operational oversight
Orchestrate comprehensive administrative operations including IT infrastructure alignment, facilities management, and vendor relationship optimization to ensure seamless organizational efficiency and cost-effective service delivery
Execute executive-level financial stewardship including compliance with nonprofit accounting standards (FASB ASC 958), grant requirements, and audit regulations while maintaining the highest levels of financial integrity across multiple affiliated entities
Drive strategic fiscal planning and performance analysis through sophisticated forecasting models, data-informed decision support, and comprehensive financial reporting to executive leadership, board of directors, and external stakeholders
Spearhead annual budget development and ongoing financial performance monitoring in partnership with CEO and department heads, ensuring organizational resources are optimally allocated to support mission-critical objectives
Establish and maintain robust internal controls and risk management frameworks covering cash management, investment compliance, accounting procedures, and operational risk mitigation strategies
Manage complex audit coordination across five annual audits including federal Single Audits, ensuring timely completion and regulatory compliance while maintaining productive relationships with external auditors and regulatory bodies
Oversee comprehensive tax compliance and regulatory filing responsibilities including Form 990s, ERISA filings, and property tax management while representing the organization in external compliance discussions
Provide strategic human resources oversight including direct supervision of HR leadership, policy development, compliance management, and organizational culture development to support workforce planning and employee engagement initiatives

Requirements

Required Skills

Multi-tiered finance team leadership and management Nonprofit accounting standards compliance (FASB ASC 958) Grant requirements and audit regulations expertise Financial planning and forecasting Internal controls and risk management Cash flow management and banking relationships Audit coordination and external stakeholder management Tax compliance and regulatory filing Human resources oversight and policy development Strategic planning and organizational development
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Sauge AI Market Intelligence

Industry Trends

Nonprofit organizations are increasingly adopting sophisticated financial management practices and technology solutions to improve transparency and efficiency, driven by heightened donor expectations and regulatory scrutiny. This trend is creating demand for senior financial executives who can bridge traditional nonprofit accounting with modern business intelligence and strategic financial planning capabilities. The nonprofit sector is experiencing consolidation and growth in affiliated entity structures, requiring CFAOs to manage complex multi-entity financial operations while maintaining compliance across various regulatory frameworks. This complexity is driving premium compensation for executives who can navigate both nonprofit-specific requirements and sophisticated organizational structures. Regulatory compliance requirements for nonprofits continue to expand, particularly around grant management, Single Audit requirements, and transparency reporting. Organizations are prioritizing financial leaders who can proactively manage compliance risk while maintaining operational efficiency and stakeholder confidence.

Salary Evaluation

The offered salary range of $135,000-$170,000 is highly competitive for the Washington DC metropolitan area nonprofit sector, positioning above the median for similar CFAO roles. This range reflects the complex multi-entity oversight responsibilities, executive team membership, and comprehensive operational scope including HR oversight, making it attractive for senior nonprofit financial executives.

Role Significance

The role involves managing a substantial finance team including direct supervision of Controller and Accounting Manager positions, with additional oversight of Senior and Staff Accountants. Including HR oversight responsibilities, this position likely manages 8-12 direct and indirect reports across finance and administrative functions.
This is a senior executive position reporting directly to the CEO and serving as a key member of the Executive Leadership Team. The role carries significant organizational influence with responsibility for multiple critical functions including finance, HR, and operations across affiliated entities, positioning the CFAO as a strategic business partner rather than a traditional financial manager.

Key Projects

Annual budget development and multi-year strategic financial planning initiatives Implementation of financial systems and controls across multiple affiliated entities Audit coordination and compliance management for five annual audits including federal Single Audits Technology infrastructure modernization and integration projects Organizational development and workforce planning initiatives Risk management framework development and implementation

Success Factors

Demonstrated expertise in nonprofit financial management and regulatory compliance, particularly with FASB ASC 958 standards and federal grant requirements, essential for maintaining organizational integrity and stakeholder confidence. Strong leadership and team development capabilities to effectively manage multi-tiered finance and administrative teams while fostering professional growth and operational excellence. Strategic thinking and business partnership skills to serve effectively as an Executive Leadership Team member and provide data-informed insights for organizational decision-making. Exceptional communication and relationship management abilities to interface effectively with boards, auditors, funders, and regulatory agencies while representing the organization professionally. Technology fluency and process improvement mindset to drive operational efficiency and support organizational growth through system optimization and infrastructure development.

Market Demand

High demand exists for experienced nonprofit CFAOs who can manage complex multi-entity structures and comprehensive administrative oversight. The combination of financial expertise, HR oversight, and operational management creates a specialized skill set that is increasingly valued in the expanding nonprofit sector.

Important Skills

Critical Skills

Nonprofit accounting expertise (FASB ASC 958) is absolutely essential as this represents the specialized regulatory framework governing nonprofit financial reporting and compliance. Without this knowledge, the CFAO cannot effectively manage organizational risk or maintain stakeholder confidence. Audit management and federal compliance experience is critical given the five annual audits including Single Audits. This specialized knowledge directly impacts organizational funding eligibility and regulatory standing, making it non-negotiable for success. Leadership and team management skills are fundamental to success given the multi-tiered team structure and executive leadership team membership. The ability to develop talent and drive performance across finance and administrative functions is essential for organizational effectiveness. Strategic financial planning and analysis capabilities are crucial for providing executive-level insights and supporting data-informed decision making. This skill directly impacts organizational sustainability and growth potential.

Beneficial Skills

Technology and systems implementation experience would provide significant value given the IT infrastructure oversight responsibilities and the nonprofit sector's ongoing digital transformation needs. Grant writing and federal funding expertise would enhance the role's strategic value and support organizational revenue diversification and growth initiatives. Board relations and governance experience would strengthen the executive leadership capabilities and support career advancement toward CEO roles. Merger and acquisition experience would be valuable given the multi-entity structure and potential for continued organizational growth and partnership development.

Unique Aspects

The combination of CFO and CAO responsibilities in a single role creates unusual breadth of influence and operational impact, providing accelerated leadership development opportunities and comprehensive organizational understanding.
Management of five annual audits including multiple federal Single Audits demonstrates exceptional complexity in nonprofit financial oversight, providing valuable specialized experience in federal compliance and grant management.
Direct HR oversight responsibility combined with financial leadership creates a unique skill development opportunity in integrated organizational management, enhancing future CEO candidacy.
Multi-entity financial management experience provides sophisticated technical expertise that is highly transferable to other complex nonprofit organizations and healthcare systems.

Career Growth

Career progression to CEO or expanded CFO roles typically occurs within 3-5 years for successful CFAOs, with advancement opportunities accelerated by demonstrated success in multi-entity management and board relationships.

Potential Next Roles

Chief Executive Officer positions within nonprofit organizations, leveraging comprehensive operational and financial management experience Chief Financial Officer roles at larger nonprofit organizations or healthcare systems with expanded scope and complexity Executive Director positions at mission-driven organizations where combined financial and operational expertise provides competitive advantage Senior consulting roles specializing in nonprofit financial management and organizational development

Company Overview

Confidential

While the company maintains confidentiality, the role structure suggests a well-established nonprofit organization with multiple affiliated entities and significant operational complexity. The presence of five annual audits including federal Single Audits indicates substantial federal funding and regulatory oversight, suggesting an organization with significant community impact and financial scale.

The sophisticated financial and administrative structure, combined with competitive compensation and comprehensive benefits, indicates a mature nonprofit organization with strong financial health and professional management practices. The multi-entity structure suggests successful growth and expansion beyond a single program focus.
Located in Rockville, Maryland, the organization benefits from proximity to Washington DC's robust nonprofit sector, federal funding opportunities, and access to experienced nonprofit professionals. This location provides strategic advantages for organizations requiring federal agency relationships and policy engagement.
The emphasis on collaborative leadership, partnership with CEO and department heads, and focus on inclusive workplace culture suggests a professionally managed organization that values employee development and strategic thinking. The comprehensive benefits package and executive-level positioning indicate investment in talent retention and professional growth.
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