The Nonprofits Insurance Alliance (NIA), a leading insurer dedicated exclusively to the 501(c)(3) nonprofit sector, has announced the appointment of Carlos Ballesteros as its new Chief Financial Officer (CFO) and Treasurer. This strategic appointment is part of NIA's efforts to bolster its leadership team amidst expanding operations in the nonprofit insurance space.
Carlos Ballesteros brings nearly two decades of experience in technical, operational, and strategic finance to his new role. A Certified Public Accountant, Ballesteros is well-equipped to steer NIA's financial strategies during a critical phase of growth. Pamela Davis, NIA's Founder, President, and CEO, highlighted the significance of Ballesteros' appointment, noting his blend of tactical and strategic expertise as essential for the organization's evolving needs.
Before joining NIA, Ballesteros served as Vice President of Finance at Green Dot Corporation, where he played a key role in financial planning and analysis over a ten-year period. His prior experience also includes a nine-year tenure at Ernst & Young LLP, where he advanced to Senior Manager in the audit practice, specializing in the real estate, hospitality, and construction sectors.
Ballesteros' appointment is particularly noteworthy for NIA and the nonprofit sector at large. NIA's mission to provide specialized insurance coverage and risk management resources to nonprofits, many of which operate under financial constraints, is critical. Ballesteros' financial leadership is expected to enhance NIA's offerings, including fair insurance pricing, innovative risk management solutions, and potential dividends to members.
Expressing his enthusiasm for the role, Ballesteros remarked on the honor of contributing to NIA's mission of supporting nonprofits and their communities. His financial expertise is anticipated to drive strategic initiatives that align with NIA's growth and service objectives.
NIA's commitment to the nonprofit sector is reflected in its organizational structure, which includes Alliance Member Services (AMS) and three A-rated insurers. These entities, all 501(c)(3) nonprofits themselves, underscore NIA's alignment with the values and needs of its clientele.
The addition of Carlos Ballesteros to NIA's leadership team signifies a strategic step towards ensuring robust financial management and sustainable growth. His expertise is poised to benefit NIA's nonprofit members through improved services, competitive pricing, and innovative financial strategies, marking a significant development for the nonprofit insurance landscape. For further details on NIA and its services, visit insurancefornonprofits.org.
