Chief Financial Officer

About the Job

Overview :

The Chief Financial Officer (CFO) provides strategic and hands‑on leadership of all financial operations at the University of Minnesota Alumni Association (UMAA), a 501(c)3 nonprofit serving more than 533,000 alumni worldwide. Reporting to the President and CEO, the CFO oversees accounting, budgeting, forecasting, reporting, cash management, risk management and audit functions, while also managing HR and IT with University support. As a member of the senior leadership team, the CFO partners closely with peers, staff, board members, and external stakeholders to ensure financial stewardship, operational excellence, and scalable growth in support of UMAA's mission.

Essential Functions May Include :

Lead and oversee all accounting and finance operations, ensuring accuracy, compliance, and effective internal controls.

Manage annual operating and capital budgeting processes; oversee forecasting and alignment with University of Minnesota financial systems.

Prepare and present financial reports to the CEO, Finance & Audit Committee, Executive Committee, and Board of Directors.

Direct annual audit, IRS filings, and business filings; ensure compliance with nonprofit accounting standards and reporting requirements.

Supervise and develop the accounting team.

Manage risk, insurance, contracts, and compliance, with external counsel.

Oversee HR functions including performance management, hiring, onboarding, compensation reviews, and personnel records.

Serve as UMAA liaison to University IT; lead financial system improvements including ERP implementation and expense management tools.

Provide financial analysis, insight, and recommendations to support strategic decision‑making and long‑term sustainability.

Partner with University of Minnesota Foundation Investment Advisors on fund management.

Serve as member and Secretary of Board of Directors of University Gateway Corporation.

Qualifications

Minimum Qualifications :

Bachelor's degree in accounting, finance, or related field.

10+ years of progressive accounting / finance experience.

Experience in nonprofit accounting, financial reporting, and compliance.

Strong communication skills with the ability to present complex financial information to non‑financial stakeholders.

Demonstrated ability to lead teams, manage multiple priorities, and implement process improvements.

Hands‑on accounting and financial management experience with strong attention to detail.

Preferred Qualifications :

Advanced degree in accounting, finance, or business administration.

At least 5 years in a leadership role.

Certified Public Accountant (CPA).

Experience working with boards of directors and finance / audit committees.

Familiarity with HR management and IT oversight.

Proven track record leading financial system transitions (ERP or similar).

Ability to navigate university systems or other large, complex organizations.

About the Department

About the Alumni Association

The University of Minnesota Alumni Association fosters a lifelong spirit of belonging and pride by connecting alumni, students, and friends to the University of Minnesota and each other. The Association advocates for the University and its alumni with a credible, independent, and collaborative voice. The University of Minnesota Alumni Association currently has a flexible working environment that allows for in‑person and remote work.

Pay and Benefits

Salary range :

$140,000-$160,000; depending on education, qualifications, experience

Time Appointment : 100%

Appointment

Position Type :

Civil‑Service & Non‑Faculty Labor Represented Staff

Please visit the Office of Human Resources website for more information regarding benefit eligibility.

The University offers a comprehensive benefits package that includes :

Paid vacation - 12 observed holidays

10% 401(k) contribution with 5% employee contribution

Paid medical leave and disability benefits

Medical, dental, and vision insurance plans

Relocation assistance available as applicable

Continuous learning opportunities through professional training and degree‑seeking programs supported by the Regents Tuition Benefit Program

Healthcare and dependent care flexible spending accounts

University HSA contributions

Disability and employer‑paid life insurance

Employee wellbeing program

Excellent retirement plans with employer contribution

Public Service Loan Forgiveness (PSLF) opportunity

Financial counseling services

Employee Assistance Program with eight sessions of counseling at no cost

Employee Transit Pass with free or reduced rates in the Twin Cities metro area

How To Apply

Applications must be submitted online. To be considered for this position, please click the Apply button and follow the instructions. You will be given the opportunity to complete an online application for the position and attach a cover letter and resume. All inquiries should be directed to Elizabeth Albano at Truity :

Elizabeth.Albano@truitypartners.com

Additional documents may be attached after application by accessing your "My Job Applications" page and uploading documents in the "My Cover Letters and Attachments" section.

To request an accommodation during the application process, please e‑mail employ@umn.edu or call (612) 624-8647.

Diversity

The University recognizes and values the importance of diversity and inclusion in enriching the employment experience of its employees and in supporting the academic mission. The University is committed to attracting and retaining employees with varying identities and backgrounds.

The University of Minnesota provides equal access to and opportunity in its programs, facilities, and employment without regard to race, color, creed, religion, national origin, gender, age, marital status, disability, public assistance status, veteran status, sexual orientation, gender identity, or gender expression. To learn more about diversity at the U : http : / / diversity.umn.edu

Employment Requirements

Any offer of employment is contingent upon the successful completion of a background check. Our presumption is that prospective employees are eligible to work here. Criminal convictions do not automatically disqualify finalists from employment.

About the U of M

The University of Minnesota, Twin Cities (UMTC)

The University of Minnesota, Twin Cities (UMTC), is among the largest public research universities in the country, offering undergraduate, graduate, and professional students a multitude of opportunities for study and research. Located at the heart of one of the nation’s most vibrant, diverse metropolitan communities, students on the campuses in Minneapolis and St. Paul benefit from extensive partnerships with world‑renowned health centers, international corporations, government agencies, and arts, nonprofit, and public service organizations.

At the University of Minnesota, we are proud to be recognized by the Star Tribune as a Top Workplace for 2021, as well as by Forbes as Best Employers for Women and one of America’s Best Employers (2015, 2018, 2019, 2023), Best Employer for Diversity (2019, 2020), Best Employer for New Grads (2018, 2019), and Best Employer by State (2019, 2022).

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