Chief Financial Officer (CFO)

Overview

The Wisconsin Foundation and Alumni Association (WFAA)*, the private fundraising and alumni relations organization for the University of Wisconsin-Madison is recruiting for a Chief Financial Officer (CFO). 

 

WFAA has exclusively retained The QTI Group to lead the search for a Chief Financial Officer.  Click here to apply directly

 

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. 

 

 

Essential Functions

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.