ReGeneration Schools Looking for Chief Financial Officer – Hybrid; Cincinnati (preferred) or Chicago at Cincinnati, OH Full Time

About ReGeneration Schools

ReGeneration, founded in 2016, is a nationally ranked charter program with seven charter schools in Chicago and Cincinnati. ReGeneration serves over 1800 students, of whom 99% are minorities and 86% are low-income. U.S. News and World Report’s 2021 School Ranking listed all ReGeneration elementary schools among Illinois’s top ten charter elementary schools. ReGeneration expanded to Cincinnati in 2019, opening its Bond Hill campus. The network will continue growing in Cincinnati, adding two additional campuses in July 2023. By the fall of 2029, ReGeneration will have eleven campuses (six in Chicago and five in Cincinnati).

Position

The newly created position of Chief Financial Officer will be an essential executive leadership team member and help build the enterprise’s financial capacity. ReGeneration has outsourced finance and accounting for the past three years and has decided to reduce its dependency on outside expertise by building an internal finance team. With the support of the ReGeneration Talent team, the CFO will hire and manage the finance and accounting team and establish the proper accounting infrastructure to lead the financial management of our schools in Chicago and Cincinnati. Throughout the transition, the CFO will manage ReGeneration’s two outsourced financial partners and deliver accurate and timely financial reporting to meet the needs of management, the board of directors, investors, and local authorizers. ReGeneration’s FY23-24 operating budget is ~$30M, and the organization has five legal entities. Its entities include the network board, individual boards for each of its Ohio schools as required by law, and the Friends of ReGeneration Schools board which is its real estate holding company.

CFO duties include

Serve as a financial advisor to the CEO, the executive team, and the board of directors, providing the financial analysis and planning to support ReGeneration’s short and long-term strategic goals.

• Provide leadership with regular financial analysis and updates to facilitate informed decisions.
• Develop and oversee ReGeneration’s sustainable financial model that considers our current landscape and priorities.
• Develop, monitor, and communicate business performance metrics.
• Provide the board of directors with reporting on the state of the business, including performance against budget, cash flow, and projected year-end financial performance.
• Manage reporting requirements from ReGeneration’s partners, including donors, authorizers, and lenders.

Design and manage ReGeneration’s financial management team, infrastructure, financial policies, accounting, and treasury procedures.

• Oversee the finance and accounting functions, including managing the outside financial service providers in Chicago and Cincinnati, as well as other relevant vendor contracts.
• Hire and manage a finance team, including determining the team structure and supporting recruiting efforts.
• Manage the budgeting process, including working with leadership to understand year-over-year changes, managing outside financial staff by providing detailed projections, and submitting the budgets for approval to our boards and authorizers.
• Develop sound financial policies, including procurement, spending approval matrix, and credit card policies, ensuring strong fiscal management and financial controls.
• Manage the network and individual campus cash accounts to ensure days cash on hand and net assets meet benchmarks and that ReGeneration’s receipt of state and federal revenues is timely, and accounts payable are approved and tracked.

Ensure ReGeneration’s financial health through timely and accurate reporting.

• Manage ReGeneration’s two outside financial service providers and the timely consolidation of all financial data.
• Oversee the preparation of internal and external financial statements.
• Prepare and present all board reporting materials and support the work of the Finance and Audit Committee.
• Manage compliance and the timely submission of reports to local, state, and federal agencies.
• Oversee annual financial audit and 990 filings, ensuring efficient and effective audit preparations.
• Oversee finance portions of public grants management, including managing allowable expenditures, budgeting, and reporting.

Qualifications

• Ability to understand and manage the unique complexities of ReGeneration’s multi-state finances and build and implement an in-house finance and accounting function that meets the needs of management, the board of directors, investors, and local authorizers.
• Proven leadership skills; experience as a team and people manager who can motivate, mentor, and build a high-performing team.
• Strong analytical skills and capacity to translate complex financial information into accessible and transparent reporting; ability to clearly communicate financial information to drive decision-making and resource choices.
• Highly organized with the ability to manage rapidly changing deadlines and demands.
• Independent and proactive problem solver.
• Comfortable working in a fast-paced, entrepreneurial, and autonomous culture.
• Hands-on, entrepreneurial style with a blend of big-picture vision as well as the drive and attention to detail to execute strategic initiatives while completing financial tasks.
• Ability to travel to Chicago/Cincinnati for critical meetings as needed.

Required

• Bachelor’s Degree required, Master’s in business, finance, accounting, or public administration and/or CPA preferred.
• 7-10 years of progressive financial management experience; non-profit or education experience preferred.
• Experience managing multiple entities with intercompany transactions.
• Knowledge of GAAP accounting principles.
• Advanced proficiency in MS Excel and experience with different financial information systems; experience with Sage Intacct is a plus.

ReGeneration is an equal opportunity employer and will not discriminate against any employee or applicant on the basis of race, color, creed, religion, gender, sexual orientation, national origin, age, or disability.

How To Apply

ReGenaration Schools has engaged DGW Consulting Group to lead the search for our CFO. To apply, please complete the application here: https://bit.ly/3MYyDnB