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Chief Financial Officer
Chief Financial Officer

Chief Financial Officer

864714New York, NY
Degree Required: Bachelors
Job Type: Full-Time

JOB TITLE:                           Chief Financial Officer

DEPARTMENT:                     Finance Department

REPORTS TO:                      Deputy CEO

JOB CLASSIFICATION:       Full-Time; Exempt

 

ORGANIZATIONAL OVERVIEW:

A not-for-profit 501(c) (3) organization established in 1980, operates shelter, legal and job training programs for domestic violence victims, residential and vocational programs for individuals with developmental disabilities. With a $70-80 million annual budget with over 600 staff by the end of the year, the Agency promotes safety, justice, health, and independence for vulnerable individuals and families residing in New York City.

POSITION OVERVIEW:

The Chief Financial Officer (CFO) has overall financial management responsibility for the organization and must develop, recommend, and implement strategies that promote the continued financial health of the Agency. The CFO is also responsible for assisting in the management of organizational risk, including but not limited to the development, implementation and monitoring of financial controls, safeguarding against loss and ensuring that financials are executed in accordance with management’s authorizations and U.S. GAAP.

In addition to the procedural responsibilities of this role, the CFO is accountable for the overall management of the Finance Department, including: a) serving as a business partner who can strategically interpret financial data and serve in an advisory capacity; b) developing strategy and goals, c) effectively managing the department workforce to keep them aligned, focused, motivated, and high-performing, c) modeling the agency’s values of an inclusive and respectful workplace and encouraging the same from their staff.

The CFO reports to and partners with the Deputy CEO, is a member of the Executive Management Team, and works with other Department Heads. The CFO also works closely with the CEO, Board Treasurer and the Audit and Finance Committees of the Board of Trustees.

POSITION REQUIREMENTS, EDUCATION & ESSENTIAL SKILLS:

FINANCIAL STRATEGY, RISK MANAGEMENT & COMPLIANCE

  • Direct the financial and administrative implementation of the long-term strategic plan by supporting initiatives associated with designing and implementing new structures, systems, and processes that support the strategic plan.
  • Develop performance indicators and measurement systems for tracking strategic plan objectives as it relates to the organizations financial objectives; evaluate the impact of potential new projects on the organizations financial health
  • Provide guidance and leadership on the internal control policies, processes and systems required to manage the organization’s financial and administrative operations in accordance with Generally Accepted Accounting Principles (GAAP).
  • Lead annual budget preparation at the organizational and grant levels, monitor budget variances and link actual results back to strategic priorities established by management team.
  • Ensure proactive management of cash flow and forecasting, monitor investments, and oversee financing strategies.
  • Ensure compliance with all regulatory tax filings and audit requirements, coordinate completion of annual independent audit activities.
  • Anticipate trends and their implications on the future of the organization. Manage investments, under the direction of the Investment Committee, and within the risk tolerance expressed by the Board.
  • Serve as a trustee on the 401k plan, annually reviewing plan design and investment programs and timely annual filing of Form 5500.
  • Provide strategic recommendations to the CEO, and Deputy CEO based on financial analysis and projections, cost identification and allocation, and revenue/expense analysis.
  • Work with COO to ensure maintenance of appropriate insurance coverage for employees, directors, office space, and property and immediately notifies carriers of all potential claims to mitigate risk.

FINANCIAL MANAGEMENT & ORGANIZATIONAL LEADERSHIP

  • Oversee all financial operations of the organization including accounts receivables/payables, invoicing, tax, accounting, bank relationships, cash management, payroll, forecasting, and risk management activities.
  • Develop and refine financial systems and processes that will help support services and program teams across the organization to work together collaboratively and effectively.
  • Generate and distribute accurate monthly, quarterly, and annual financial reports for the CEO, Deputy CEO, Executive Team, Senior Management Staff, Board of Trustees and other audiences as required
  • Maintain strong working relationships with auditors, bankers, investment counselors, attorneys, and other external stakeholders
  • Participate in meetings with prospective funders providing financial related information as needed.
  • Actively engage the Board in challenging conversations and decision-making to advance agency’s impact. Work directly with assigned committee(s) of the Board (e.g., Finance, Investment, Audit) to build relationships, develop policies monitor their implementation and meet the related needs of the Board.
  • Provide thought partnership to staff, the leadership team and Board members on compliance, risk, and organizational effectiveness matters.
  • Optimize the use of grant funds and the recouping of overhead costs.

TEAM AND FUNCTIONAL LEADERSHIP

  • Supervise VP of Accounting and Finance and provide guidance to ensure appropriate supervision of staff in their financial reporting, accounts payable, accounts receivable, payroll and purchasing functions.
  • Attract, hire, train, evaluate and motivate a diverse finance and accounting team comprised of skilled and driven individuals.
  • Establish and maintain high standards of team performance by developing clear long-term and annual goals and rigorously tracking performance against them.
  • Ensure that the financial team operates in a way that is consistent with the organization’s culture and mission.
  • Assist in development and facilitation of financially related training to promote staff’s ability to aid in the effective management of agency resources.
  • Perform other duties as requested based on department, program and/or organizational needs.

REQUIRED KNOWLEDGE, SKILLS AND EXPERIENCE:

  • 10+ years in progressively expansive financial leadership roles, with strong understanding of non-profit accounting, including the management of non-profit audits, budget planning and management for a nonprofit organization, financial reporting, government contracts, the annual audit process, and experience in a leadership capacity.
  • A Bachelor’s degree in Accounting or related field is required.
  • Master’s degree in Business, Economics, Finance, CPA is preferred.
  • Knowledge of all aspects of Generally Accepted Principles is preferred.
  • Experience examining, developing, reengineering, and recommending financial and technical policies and procedures.
  • Proven track record of improving processes across both finance and administration, bringing greater efficiency and effectiveness to an evolving organization, leveraging technology as appropriate.
  • Demonstrated excellence in managing finance, accounting, budgeting, internal controls, and reporting.
  • In-depth knowledge of at least one nonprofit/fund-accounting software.
  • Strong problem-solving and creative skills with the ability to exercise sound judgment and make data-driven decisions based on accurate and timely analyses.
  • Applies principles of stewardship to all financial decisions related to accruing debt and develops fiscal plans to maximize impact and provide long-term sustainability.
  • Excellent analytical and problem-solving skills, with experience interpreting a strategic vision into an operational model.
  • Ability to manage many diverse yet concurrent project and responsibilities; Able to multi-task and prioritize within a fast-paced working environment.
  • Strong business acumen and critical thinking skills; maintain professional integrity.

KEY COMPETENCIES:

  • Strong commitment to equity and social justice including a focus on self-awareness and engagement of continuous learning around issues of diversity equity and inclusion; high level of Emotional Intelligence (EQ)
  • Results-oriented with superior skills in organization, planning, and attention to details.
  • Ability to motivate and lead others; respectful of others; interacts with tact and sensitivity
  • Flexible and collaborative work style with a strong service mentality
  • Ability to build and sustain working relationships with employees, vendors, consultants, and colleagues
  • Exceptional interpersonal and communications skills, and the ability to develop positive and productive relationships with a dispersed team to build buy-in across the organization
  • Strong leadership skills with experience building teams, developing, and empowering staff, emphasizing timely delivery and attention to detail to meet critical deadlines
  • Professional integrity, honesty, and ethics; comfortable with being responsible and accountable
  • Strong executive presence, thought leadership and interpersonal skills
  • Acknowledge and apply self-care and work-life balance.

HOW TO APPLY

Email your updated resume in MS Word format with 3 references ASAP to: BillBurgess@TheBurgessGroup.com. Any questions reply to email or call: 212.406.2400. Agency is an equal opportunity employer.

 

 

 

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