Chief Financial Officer

The Wisconsin Foundation & Alumni Association has exclusively retained The QTI Group to lead the search for a Chief Financial Officer.

Reporting to the President and CEO, the Chief Financial Officer (CFO) leads the organization’s fiscal strategy, oversight, and reporting. As a member of the Senior Leadership Team and advisor to the President and CEO, Board of Directors, and key stakeholders, the CFO oversees budgeting, financial planning and analysis, and all fiduciary responsibilities within a complex financial environment. This CFO provides expertise across fund accounting, financial reporting systems, audit oversight, internal controls, financial risk management, investment accounting, treasury management, facility operations, and gift services, while partnering with campus finance teams on gift fund management.

Strategic Financial Leadership

• Assesses organizational performance against both the annual budget and the organization’s long-term strategy.
• Develops tools and systems to provide critical financial and operational information to the President and CEO and makes actionable recommendations.
• Advises the President and CEO on recommendations for key business model parameters such as the institutional advancement fees, spend plan, chargeback rates, enterprise-level liquidity management and interest payments on the short-term investment pool (STIP).
• Develops financial business plans and forecasts in alignment with organizational strategy.

Compliance, Reporting & Risk Management

• Advises the President and CEO on setting appropriate risk levels for the short-term investment pool (STIP) and owns the financial risk management system and processes in alignment with CEO direction.
• Directs the development, implementation and maintenance of financial policies and accounting controls; ensures compliance with applicable laws, regulations, and standards.
• Serves as an in-house compliance expert; analyzes, interprets, and implements FASB and other regulatory directives, and proposes changes to improve or enhance current accounting practices.
• Coordinates closely with the Foundation’s investment team (WISIMCO) on risk management, internal controls, and compliance matters.

Budgeting & Performance Management

• Oversees all financial accounts, ledgers, and reporting systems, ensuring compliance with appropriate GAAP and regulatory requirements.
• Maintains internal control safeguards and coordinates all audit activities.
• Oversees budgeting and the implementation of budgets to monitor progress and present financial metrics both internally and externally.

People Leadership & Organizational Culture

• Leads, supervises, and develops staff, fostering a shared vision, acting as a role model, and demonstrating the Foundation’s values.
• Works effectively across a matrixed environment, partnering with campus finance departments and other internal stakeholders to build trust, alignment, and effective gift fund stewardship.
• Builds and maintains strong, collaborative relationships with the Senior Leadership Team, Finance Team, and WISIMCO to support shared goals and effective decision‑making.

Operational Leadership & Infrastructure

• Advises the President and CEO on the appropriate rate of growth in advancement operations and levels of reserves, while ensuring the business model can deliver on long-range objectives.
• Develops and utilizes forward-looking, predictive models and activity-based financial analyses to provide insight into operations and business plans.
• Designs, implements, and maintains operating policies and procedures to ensure gift/other revenue transactions are recorded in the customer relationship management (CRM) system on an accurate and timely basis, consistent with donor intent, core WFAA objectives, and industry standards.

Investment Oversight & Asset Management

• Provides strategic oversight of the STIP and oversees consolidated investment accounting and reporting across WFAA’s investment pools, applying a strong understanding of financial markets and serving in an internal fiduciary role.
• Oversees asset‑liability management for the STIP, implementing approved risk parameters, including asset allocation across tiers, ensuring alignment between investment strategy, liquidity needs, and financial obligations within a complex financial environment.
• Coordinates with WISIMCO on the spending distribution and liquidity planning and ensures investment results are accurately integrated into the consolidated financial statements and regulatory reporting.

Board & Committee Engagement

• Engages the President and CEO and the Budget committee of the Board of Directors to develop short, medium, and long-term financial plans and projections.
• Serves as the primary liaison to the Budget and Audit Committees and STIP subcommittee.
• Delivers clear financial reporting, analysis, and intuitive dashboards that translate complex data for Board members, leaders, and stakeholders, supporting informed governance and fiduciary oversight.

Financial Reporting Systems, Technology & Process Improvement

• Leads and implements transformative initiatives, such as accounting system conversions, to improve the efficiency of financial and reporting systems.
• Designs and implements effective internal controls to help ensure all gift revenue is properly recorded, reported, and receipted/acknowledged in the CRM system, as well as to help ensure the accuracy of accounting data exported to the accounting system.

Required Qualifications:

• 10+ years of financial leadership experience encompassing accounting, compliance, financial reporting, and treasury management, with a strong track record of analyzing financial information and informing senior leadership decision‑making.
• Bachelor’s degree in Finance, Business Administration, or a related field, or equivalent professional experience required; Master’s degree and CPA preferred.

The following outlines the experience and attributes of an ideal candidate:

• Knowledge and experience necessary to manage and lead within a financially complex organization.
• Proven experience assessing and managing financial and business risk and making appropriate recommendations and decisions.
• Strong leadership skills with the ability to influence and engage direct and indirect reports and peers.
• Excellent analytical and abstract reasoning skills.
• Upholds the highest standards of integrity and fiduciary responsibility.
• Exceptional interpersonal skills with the ability to effectively interface with senior management, staff, the board of directors, and various external constituents and partners.
• Significant experience providing oversight to audit activities as well as managing reporting, budget development and analysis, general ledger, and accounting for investments.
• Experience in a senior financial management role, partnering with executive staff to develop, model, and implement financial management strategies.
• Proven track record of success facilitating progressive financial system, process, and procedural changes within a financially complex organization.