The Organization
Originally established in 1981 as the Bay State Skills Corporation, Commonwealth Corporation is Massachusetts’ public-private corporation focused on narrowing the skills gap and enhancing our state’s workforce, businesses, youth and young adults, and economy.
With a $55 million budget and offices across the state, Commonwealth Corporation works with hundreds of Massachusetts companies, thousands of new and experienced workers, and tens of thousands of youth and young adults each year.
Position Overview
EXECUTIVE SUMMARY
The Commonwealth Corporation, a public-private corporation focused on workforce development, youth development, economic development, and the future of education and training, seeks nominations and applications for the position of Chief Financial Officer (CFO).
Commonwealth Corporation seeks to strengthen the skills of Massachusetts’ youth and adults by investing in innovative partnerships with industry, education, and workforce organizations, and by meeting the immediate and emerging needs of businesses and workers so they can thrive in a dynamic economy. The Corporation has a $50+ million annual budget and works statewide with hundreds of Massachusetts companies, thousands of new and experienced workers, and thousands of youth and young adults each year.
With the mission of providing all Massachusetts residents and businesses access to quality education, training, and support, the Corporation:
- Administers the Workforce Training Fund, a trust that awards $20 million in grants to companies annually;
- Administers YouthWorks, Massachusetts’ subsidized youth employment program;
- Operates a statewide school district, coordinating education and workforce activities for the state’s juvenile justice system;
- Implements and sells Signal Success, a soft skills and employability curriculum;
- Partners with leading national universities and public policy organizations to issue research and market intelligence on the future of the economy and workforce;
- Operates Governor Charlie Baker’s Commission on Digital Innovation and Lifelong Learning, a new, high profile effort to extend education and training to many more people in Massachusetts.
Reporting to the President and CEO, the CFO is a member of Commonwealth Corporation’s senior leadership team. The CFO will play a vital role in determining how the Corporation’s current resources, as well as potential new resources from philanthropy, investment, and fundraising, can be positioned to extend the Corporation’s impact even further.
The CFO will also be responsible for maintaining a cost-effective financial management infrastructure to support the Corporation. This includes, but is not limited to: financial management, budget development, contract management, oversight of audit functions, financial controls, financial policies and procedures, and communication with financial personnel at partner organizations, including Cabinet-level agencies in Massachusetts state government.
The ideal candidate will combine strength in the core competencies of the CFO role with significant strategic and entrepreneurial talents. S/he will be a seasoned finance professional with experience in diverse funding streams, including strategic uses of debt and venture capital. S/he will demonstrate superior relationship building, leadership, and diplomatic skills in both leading the finance team, as a member of the leadership team, and with high-level stakeholders in Massachusetts. S/he will have a strong personal commitment to Commonwealth Corporation’s mission to narrowing the skills gap and enhancing the state’s workforce, businesses, youth and young adults, and economy to grow along with the organization as it plans for a new era of impact.
This search is being conducted with assistance from Tamar Datan and Nureen Das of NPAG.
How To Apply
TO APPLY
For more information about the Commonwealth Corporation visit: http://commcorp.org/
Candidates are encouraged to apply as soon as possible, and applications will be reviewed as they are received. Please send nominations and/or applications including cover letter describing your interest and qualifications, your resume (in Word format), and where you learned of the position to: CC-CFO@nonprofitprofessionals.com.
The Commonwealth Corporation is an Equal Opportunity Employer. Candidates of all backgrounds are encouraged to apply.