The Opportunity
The Blue Cross and Blue Shield of North Carolina (BCBSNC) Foundation is seeking an experienced and strategic leader for the position of VP of Finance and Operations. This pivotal role will oversee all aspects of financial and operational management, ensuring alignment with the Foundation's mission to enhance health outcomes and advance social impact. As a trusted advisor to the Foundation’s leadership, the VP will work closely with a leadership team and other staff across the organization to guide the organization’s financial operations, processes and workflows, data infrastructure, and grant making operations. The role is key to our organizational focus on operational excellence to cultivate continuous improvement, increase effectiveness, and promote grantee experience.
Key Responsibilities
Financial Management
- Develop and manage the Foundation’s annual budget, ensuring alignment with strategic goals.
- Oversee all financial operations, including accounting, audits, and investment portfolio management.
- Lead long-term financial planning, including risk management, sustainability, and endowment strategies.
- Provide accurate and timely financial reports to the board and executive leadership.
- Monitor and ensure compliance with IRS regulations and reporting requirements.
- Evaluate and manage funding strategies and grant disbursements.
Grants Management
- Oversee all aspects of grant management operations to identify and support a wide-ranging portfolio of grantee organizations, ensure effective and accessible grant making processes, and advise on and oversee implementation of best practices in alignment with the Foundation’s mission and values.
- Provide strategic leadership to support applicant and grantee experience throughout the grant life cycle with a bias for streamlining processes and reducing administrative burden.
- Provide thought leadership and support to the grant management team to optimize use of technology and grantmaking data collection and analysis for purposes of continuous improvement in both program and operational strategies.
Operations Management
- Develop and implement efficient operational systems, policies, and procedures to ensure the Foundation runs smoothly.
- Oversee grantmaking, IT systems, and other infrastructure critical to daily operations.
- Manage vendor relationships, contracts, and procurement processes.
- Ensure compliance with legal, regulatory, and governance standards.
- Collaborate with program teams to align operational resources with programmatic priorities.
- Lead operational excellence activities to ensure that grantees have a positive experience with the Foundation.
Foundation Board Management
- Manage scheduling of the Foundation board (includes members of Corporate Board and CEO) and committee meetings, board material preparation, and meeting logistics.
- Serve as key staff liaison with the Chair of the Audit Committee, Foundation Treasurer, and members of the Audit Committee.
Strategic Leadership
- As a member of the Foundation’s leadership table, inform the Foundation’s strategic vision.
- Act as a key advisor to the board, providing insights into financial and operational matters.
- Foster a culture of accountability, collaboration, and innovation across teams.
- Oversee achieving financial and operational KPIs as part of the annual process.
The Ideal Candidate Profile
The ideal candidate will possess the following qualifications:
- Bachelor’s degree in finance, business administration, accounting, or a related field. (Master’s degree preferred).
- CPA, CMA, or equivalent financial certification preferred.
- 8+ years of experience in financial and operational leadership, preferably in the nonprofit or philanthropic sector.
- Strong understanding of nonprofit accounting, IRS compliance, and grant management.
- Proven ability to develop and execute strategic plans and manage budgets.
- Experience with operational systems and technology tools.
- Strong leadership, communication, and interpersonal skills.
- Commitment to the Foundation’s mission and values.
While this position is remote, the selected candidate must live in North Carolina or one of the following states: Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Missouri, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Wisconsin, Wyoming.
About BCBSNC Foundation
The Blue Cross and Blue Shield of North Carolina Foundation is a private, charitable foundation established as an independent entity by Blue Cross and Blue Shield of North Carolina in 2000. Over the past two decades the Foundation has invested more than $200 million in North Carolina through grants, collaborations, and special initiatives.
The Foundation’s mission is to improve the health and well-being of everyone in North Carolina, with a vision to help make NC one of the healthiest states in the nation, in a generation.
While there are a number of avenues to becoming a state where everyone has an opportunity to be healthy, the Foundation’s focus in this pursuit is centered on the following:
- Access to Care: Every community in North Carolina’s primary and behavioral health needs are served by a talented, engaged, diverse, and robust workforce.
- Early Childhood: Every young child from birth to age five in North Carolina has the opportunity and resources to be healthy and well-prepared for success in school, work, and life.
- Healthy Communities: Every community in North Carolina has the conditions for good health.
- Healthy Food: Everyone in North Carolina has access to healthy food.
- Oral Health: Everyone in North Carolina has access to quality, affordable oral health services.
Want to know more? Visit the Foundation’s website at https://www.bcbsncfoundation.org/.
How To Apply
Join the BCBSNC Foundation and play a critical role in shaping its future while driving impactful change in the community. If you are an experienced financial and operational leader with a passion for philanthropy, we encourage you to apply.
To apply, click on the link to the VP of Finance and Operations – BCBSNC Foundation position profile at https://jobs.armstrongmcguire.com/jobs/vice-president-of-finance-and-operations-blue-cross-and-blue-shield-of-north-carolina-foundation-job-1420/. You will see instructions for uploading your compelling cover letter, resume, and salary requirements. Please provide all requested information to be considered. In case of any technical problems, contact talent@armstrongmcguire.com. No phone calls, please, and no applications will be accepted by email or directly from third-party posting sites.
Salary is commensurate with the requirements of the position and begins in the $173K range with an opportunity for up to 20% annual incentive. Benefits include medical, dental, vision, short and long-term disability insurance; voluntary life, accident, and critical illness insurance; 401(k) retirement plan with 3% automatic annual contribution and up to 5% match; prepaid legal services; paid time off plus 2 well-being days; 10 paid holidays; access to health and wellness resources; paid parental leave, adoption and surrogacy assistance and paid caregiver leave; and tuition reimbursement and career development opportunities.
Armstrong McGuire is a leading executive search, fundraising, and strategic advising firm that believes in unlocking the potential of nonprofit leaders and the communities they serve. Founded in 2004, our diverse team of advisors work with clients and leaders to align strategy, optimize operations, build capacity, and lead nationwide searches that bring supremely talented individuals to high-impact organizations.Learn more about our services in talent acquisition, fundraising counsel, and strategic planning. Armstrong McGuire
Salary is commensurate with the requirements of the position and begins in the $173K range with an opportunity for up to 20% annual incentive. Benefits include medical, dental, vision, short and long-term disability insurance; voluntary life, accident, and critical illness insurance; 401(k) retirement plan with 3% automatic annual contribution and up to 5% match; prepaid legal services; paid time off plus 2 well-being days; 10 paid holidays; access to health and wellness resources; paid parental leave, adoption and surrogacy assistance and paid caregiver leave; and tuition reimbursement and career development opportunities.
To apply, click on the link to the VP of Finance and Operations – BCBSNC Foundation position profile at https://jobs.armstrongmcguire.com/jobs/vice-president-of-finance-and-operations-blue-cross-and-blue-shield-of-north-carolina-foundation-job-1420/. You will see instructions for uploading your compelling cover letter, resume, and salary requirements. Please provide all requested information to be considered. In case of any technical problems, contact talent@armstrongmcguire.com. No phone calls, please, and no applications will be accepted by email or directly from third-party posting sites.