What are the responsibilities and job description for the Fractional CFO position at pursuit?
FRACTIONAL VP OF FINANCE
ABOUT PURSUIT
Pursuit is a social impact organization that creates transformation. For over a decade, we've propelled adults from low-income backgrounds, often without college degrees, into high-growth tech careers, generating nearly $1 billion in lifetime wage gains for our graduates. We've also pioneered the Pursuit Bond, an innovative outcomes-based financing model that aligns investor returns with long-term economic mobility.
Now, as AI reshapes every industry, Pursuit is evolving into an AI-native organization — training AI-native talent, embedding AI into our operations, and building scalable software to extend our impact. We operate across a nonprofit (.org), a Public Benefit Corporation (PBC), and our Pursuit Bond vehicle.
THE OPPORTUNITY
Pursuit is seeking an experienced Fractional CFO to lead and stabilize our finance function on a part-time basis (20–25 hours per week). This is a high-impact, hands-on engagement for a senior finance leader who can hit the ground running — owning day-to-day financial operations, driving strategic planning, and serving as a trusted thought partner to our COO and executive team.
This role is ideal for a seasoned finance executive who wants to apply their expertise to a mission-driven organization at a pivotal moment of growth and transformation.
KEY RESPONSIBILITIES
Financial Strategy & Planning
- Set annual and multi-year budgets, aligning financial goals with organizational priorities across the nonprofit, PBC, and Pursuit Bond
- Partner with the COO and executive team to provide financial insights that inform decisions on new programs, scaling operations, and capital allocation
- Develop innovative funding and operating models that blend philanthropy, earned revenue, and mission-aligned capital
Financial Operations & Compliance
- Run all financial operations, ensuring efficient management of budgets, cash flow, and compliance with regulatory requirements across both the 501(c)(3) and PBC entities
- Oversee AR/AP cycles, financial controls, and ensure accurate, timely financial reporting
- Ensure compliance with federal and state tax laws and nonprofit-specific regulatory requirements
Forecasting, Modeling & Cash Management
- Build and refine core financial models; run scenario planning and sensitivity analyses
- Manage rolling revenue and expense forecasts and liquidity oversight
- Maintain a reliable cash flow projection process that supports operational confidence
Reporting & Stakeholder Communication
- Build financial reporting cadences for internal leadership, the Board, and external funders
- Prepare and present financial materials for Board meetings and funder deliverables
- Drive revenue operations oversight, ensuring alignment between pipeline, projects, and collections
IDEAL CANDIDATE
- 10 years of senior finance experience, with prior VP of Finance, CFO, or equivalent leadership
- Background in investment banking, FP&A, strategic finance, or capital markets strongly preferred
- Experience operating across nonprofit and/or for-profit hybrid structures a strong plus
- Proven ability to work independently, manage competing priorities, and deliver results in a lean environment
- Exceptional financial modeling and analytical skills
- Strong communicator who can translate complex financial data for non-finance stakeholders
- Prior fractional or consulting finance experience welcome
- Mission-driven: you care deeply about equity, economic mobility, and expanding opportunity for underrepresented communities
ENGAGEMENT DETAILS
Type: Fractional / Part-Time Contract
Hours: 20–25 hours per week
Compensation: $100–$150 per hour, based on experience
Reports to: COO
Location: Hybrid preferred; Pursuit is based in Long Island City, NY