WorkMoney - Chief Financial Officer

About WorkMoney

WorkMoney was founded on a simple premise: If you work hard, you should be able to afford to live a good life. Over the past decades, that’s become much, much more difficult for most families. Americans are working harder than ever but falling farther behind.

Founded in 2020, WorkMoney is an innovative nonprofit dedicated to lowering costs and raising incomes for all Americans to make life more affordable and families more economically secure. WorkMoney brings together experts who help consumers save money on everyday expenses like bills, and smart policy thinkers experienced in working with political leaders around the country to do what’s right for hard-working Americans.

WorkMoney provides products, services, perks, benefits, tips, and tools to help six million members and counting improve their financial lives. The organization activates and engages its members in advocacy campaigns to support policies and elected leaders to achieve the mission that everyone who works hard gets ahead.

About the Position

WorkMoney is seeking an accomplished, strategic leader to serve as Chief Financial Officer (CFO). The CFO will be responsible for overseeing a $50+ million annual budget and accountable for financial, investment, and risk management operations. The CFO will ensure WorkMoney’s budget and finances are in alignment with its strategic objectives, maximizing the organization’s ability to deliver on its mission to improve the financial security of all Americans.

Reporting directly to and partnering closely with the Chief Executive Officer (CEO) and Founder, the CFO will serve as a trusted thought partner and integral member of the senior leadership team and provide strategic counsel, financial analysis, and financial forecasts to internal leadership and the Board of Directors. The CFO will develop and drive the organization’s financial strategy, with control systems, processes, and metrics that enable the organization to effectively operate and realize its growth potential.

WorkMoney has grown in the past four years from a one-person start-up to a staff of 65 and a budget of $50+ million. The CFO should be adept at building financial systems and setting up processes and procedures for a growing organization. The CFO will be responsible for the current financial entities, including a 501(c)3 and 501(c)4, and new entities in the future.

The ideal candidate is an entrepreneurial leader who brings extensive financial expertise with the ability to identify and manage risks while maximizing opportunities. Candidates must have unquestionable integrity, outstanding accounting and financial stewardship skills, the ability to thrive in a campaign and startup mindset and pace, and a deep commitment to the mission.

Key Responsibilities

• Oversee all fiscal and fiduciary responsibilities for the organization
• Actively manage the day-to-day financial and accounting operations of WorkMoney, ensuring strong internal controls and overseeing cash flow and risk management
• Set clear financial strategies and lead long-term financial forecasting, budgeting, and planning in partnership with executive leadership
• Lead the annual budgeting and planning process, ensuring the budget is aligned with the organization’s strategic objectives 
• Manage investment activity and establish guidelines for WorkMoney’s investment portfolio linked to impact, return, and risk
• Develop investment policies, procedures, and controls and adjust investment practices as needed to reflect changing investment markets, economic conditions, and portfolio size
• Lead the preparation of financial forecasts, analyses, and reports
• Consistently evaluate and enhance financial systems, processes, and practices
• Effectively communicate and present financial information to executive leadership, the Board of Directors, and Finance Committee
• Lead and develop a small team of talented staff, ensuring they feel supported and valued
• Ensure the accurate and timely production of accounting information and financial reports
• Monitor changes in legal, regulatory, and administrative environments and implement changes in procedures needed to maintain compliance while maximizing operational and financial results
• Serve as the primary liaison with its independent auditor to ensure the annual audit is completed smoothly and in a timely manner
• Act as a steward of the culture at WorkMoney, modeling the organization’s values

Key Qualifications

• At least 10+ years of financial management in a senior leadership capacity; multi-sector experience across public sector, non-profit, and for-profit organizations highly desirable
• Senior financial management experience with an organization with operations in excess of $20M
• Extensive knowledge of financial planning and management systems along with accounting and financial reporting procedures in accordance with generally accepted accounting principles
• Exceptional strategic and analytical thinking skills, with an ability to leverage financial information to drive informed budgetary and financial decisions
• Strong communication and relationship-building skills with an ability to work with a variety of internal and external stakeholders
• Knowledge of and experience with management of an investment portfolio
• Excels in collaborative problem solving and working in a dynamic, agile environment 
• Exercises strong judgment and champions a culture of integrity and excellence
• Works well with and is responsive to the needs of governance 
• Manages priorities effectively to meet deadlines and demonstrate multitasking skills
• Possesses a high EQ and the ability to integrate a people-centric approach to decision making
• Commitment to the mission and safeguarding the culture of WorkMoney
• A bachelor's degree and/or commensurate experience that demonstrates exemplary strategic and financial acumen; CPA or Certified Management Accountant preferred

Location & Structure

WorkMoney is a fully remote workplace. Some domestic travel is required for full team annual retreats and intermittent team working sessions and retreats.

The Chief Financial Officer reports to the CEO and Founder.

Compensation & Benefits

The salary range for this role is $250,000-$260,000 annually. 

WorkMoney is proud to offer generous benefits like competitive pay, expansive paid time off options, and employer contributions to retirement and student loan repayment.

WorkMoney covers the premiums for healthcare, dental, and vision plans so you don’t have to, offers a 6% 401(k) employer match, four weeks paid vacation, generous paid family and medical leave, and annual allowances for remote work and professional development.

To Apply

To apply for this position, submit a cover letter and resume online at https://grossmansolutions.applytojob.com/apply. The cover letter should be concise and compelling and outline the specific ways in which you would be a good fit for this position.

WorkMoney is an equal opportunity employer. WorkMoney prohibits unlawful discrimination against any employee or applicant for employment based on age, color, disability, gender, marital status, national origin, religion, sexual orientation, gender expression or identity, veteran’s status, or any other basis prohibited by law. WorkMoney sees diversity of all kinds as a necessary precondition to doing our work well and strives to build a team that reflects the diverse composition of America itself. WorkMoney strongly encourages applicants from historically under-represented communities to apply.