Chief Financial Officer, Full-Time, Episcopal Diocese of MA: Boston, MA
For full job description, please visit the post on the Episcopal Diocese of Massachusetts website.
The next Chief Financial Officer of the Episcopal Diocese of Massachusetts will report directly to the bishop diocesan, the Rt. Rev. Alan M. Gates. Charged with overseeing all financial operations of the Diocese, the CFO will also play a central role in information technology and human resources. The new CFO needs to be a strategic thinker and a problem solver, dealing with complexity and historical context with any number of issues.
The successful candidate will succeed Cynthia Hallenbeck, who has served as interim CFO since 2020. The CFO oversees an operating budget of roughly $10 million and an endowment of approximately $90 million, which holds many funds that are restricted. The next CFO will supervise a full-time Controller, Accountants, and a Payroll and Benefits Coordinator, and collaborate with the Diocesan Treasurer, an elected, governance-related position, in meeting all accounting and finance responsibilities. Currently, additional accounting and all HR and IT services are sub-contracted out of the Business and Finance Office. In addition to Bishop Gates, the CFO will work closely with The Rev. Canon William Clay Parnell, Canon to the Ordinary, and with the interim Missioner for Property Stewardship.
The new CFO is responsible for the finances and accounting for not only the Diocese, but also for the Cathedral and for the Trustees of Donations, both separate legal entities. The Cathedral has an operating budget of $2 million and an endowment of $15 million, and occupies roughly 25% of the CFO’s time. The Diocese leases office space from the Cathedral and bills back finance, accounting, and IT services. The Trustees of Donations manages the Diocese’s endowment funds. Additionally, the CFO will provide general financial guidance and support for the 160 Episcopal-congregations in Eastern Massachusetts (the Diocese of Western Massachusetts is a separate diocese).