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Chief Financial Officer (CFO)
- Seeking a Chief Financial Officer (CFO) for a $125M Non Profit
- Non-Profit experience required
About Our Client
Our client is a major non-profit in Jamaica, Queens. The opetating budget is about $125M with an additional $100M in capital budget.
Resource Management and Financial Strategic Planning:
Reporting to the President and CEO and partnering with the Senior Management Team, the CFO develops and implements financial strategy for the organization. The CFO, SVP advises department heads and evaluates and assists with their financial plans and economic modeling. In conjunction with the President and CEO and the Board of Trustees, supports and oversees all fiscal and fiduciary responsibilities for the organization in addition to strategic partnership duties with capital programs.
Develops the organization's annual budget for all operating funds in conjunction with each department head. Prepares agenda items required for approval by the Finance and Investments, Audit, Executive, and Buildings and Grounds Committees and Board of Trustees. Manages capital project funding to ensure that all filings, reimbursements and payments are made within required timeframes to keep cash flow current. Manages and maintain the City capital funding in Financial Management System (FMS) and coordinates all funding issues with the CEO and other senior management, Office of Management and Budget (OMB) and Department of Design and Construction (DDC)to ensure projects are properly funded and can proceed. Utilizes staff resources to provide all requested information from city auditors, lobbying audits, audit committees, and internal planning for City Council hearings and capital planning.
Leads, identifies and develops the tools, resources and systems to provide critical financial and operational information to the President and CEO and organizational leadership and makes actionable recommendations on both strategy and operations.
Engages the President and CEO and Senior Management Team around issues, trends, and changes in the operating model(s) and operational delivery. Assists in establishing yearly objectives and meeting agendas, and identifying and engaging external talent when appropriate (auditors, investment advisors).
Oversees long-term budgetary planning and costs management in alignment with the organization's strategic plan. Contributes vision and insight to lead and support opportunities for the organization's continual innovation and global leadership position.
Financial and Operational Management:
Leads financial and operational management of Finance, Payroll & Benefits for the organization.
Oversees all accounts, ledgers, and reporting systems, ensuring compliance with appropriate Generally Accepted Accounting Principles, regulatory requirements audit requirements. Maintains internal control safeguards and coordinate all audit activities.
Partners with the Chief Operating Officer, Senior Vice President to identify and develop finance IT systems that meet the needs of the organization.
Manages cash flow and forecasting. Develops a reliable cash flow projection process and reporting mechanism that includes a minimum cash threshold to meet operating needs. Optimizes the handling of banking relationships and initiates appropriate strategies to enhance cash positions.
Oversee budgeting and the implementation of budgets so as to monitor progress and present financial metrics both internally and externally.
In conjunction with the President and CEO, manages and tracks the performance of investments including the Foundation of the organization, to ensure they are in keeping with policies and investment guidelines. Oversee the management and tracking of capital programs for optimal execution of the organization's capital building and planning.
Develops, updates and implements policies, procedures and resources and leverages best practices.
Staff Leadership and Professional Development:
Leads and manages a diverse team of professionals and support staff. Encourages the continuous professional development of staff and conducts regularly scheduled performance management plans (PMP's). Ensures that performance documentation is maintained, up-to-date and accurate.
The Successful Applicant
A high level of autonomy and requires independent decision making skills.
EDUCATION and EXPERIENCE
Bachelor's Degree in Accounting, Finance, or Economics required; CPA or MBA is preferred. Ten plus (10+) years of professional experience in finance/accounting management in the nonprofit sector with budgets of over $50 million; strong knowledge of GAAP; demonstrated initiative and leadership to lead and improve finance and accounting processes. Demonstrated ability to utilize an automated financial system (SAP or equivalent) and other related software including Microsoft Suite. Ideal candidate should have experience of proactive, business partner to the CEO of a multi-functional organization with a demonstrated collaborative and flexible style. Experience with audits and/or financial management in various organizations and ability to promote best practices within finance and operations highly desirable. Must have superior analytical skills with impeccable judgment with experience interpreting a strategic vision into an operational model. Excellent communication and interpersonal skills and the flexibility to work across business units and various levels of management. Must be able to work in a fast-paced environment, handling multiple projects with demanding deadlines.
What's on Offer
Commensurate with expereince.