Chief Financial Officer (Far Rockaway)

Childrens Aid in Far Rockaway, NY

  • Industry: Accounting - Accounting Management
  • Type: Full Time
  • $205,500.00 - 205,500.00
position filled

Children's Aid has partnered with an external recruitingfirm for this position. All interested applicants must submit their resume & cover letter to the following e-mail: ...@divsearch.com

Position Summary: Established in 1853, Childrens Aid (CA) is today a leading force in the New York City and national not-for-profit communities serving children and families. CA helps children in poverty to succeed and thrive by providing comprehensive supports in targeted high-needs New York City neighborhoods. The organization is grounded in a core set of values: Integrity, Creativity, Respect, Equity, Accountability, Teamwork, and Effectiveness (ICREATE), and is guided by its vision to break the cycle of poverty, by putting children on the path to college and career success through education, health, family stability and social and emotional learning.

CAs dedicated and passionate team of experts work in over 40 community and school-based sites delivering high-impact, tailored and integrated programs that span early childhood, school age and adolescence, health and wellness, child welfare and family services and more.

FUNDING: CA had a fiscal year 2019 annual operating budget of approximately $138 million. Major sources include more than $92 million from over 150 government contracts, $18 million from philanthropy, $13.5 million from investment returns, and $8 million from fees and other income. CA has investments with a current market value of approximately $350 million. Growth of private fundraising and development over the next several years is a key aspect of the agencys strategic plan.

Significant progress is underway on CAs organizational goals, namely to:

  • Solidify and Develop Clear Models with Positive Outcomes
  • Promote and Verify Consistently High Standards of Operational Excellence
  • Ensure Fiscal Sustainability
  • Support and Bolster Talent

PRIMARY FUNCTION: The Chief Financial Officer (CFO) will lead and direct all aspects of financial management, including budget, revenue, payroll, purchasing, accounting, grants and contract management, treasury, liability management and disbursement functions for a large multiservice organization. The CFO will be innovative, forward-thinking, customer-oriented, and responsive to internal and external change so as to best support CA programs and operations, and the overall CA vision, mission, and strategic direction.

The CFO is a highly visible role, working closely with the Chief Executive Officer (CEO), the Chief Operating Officer (COO), the Chief Program Officer (CPO), the CA senior management team, and several committees of the CA Board of Trustees. To meet the current needs of the organization, the CFO needs to have extensive experience with accounting, finance, government grants and contracts management, process improvement and technology. CA has been investing in the point of contact with their constituents for 10 years and is now playing catchup on what needs to be updated systematically from a people, processes and technology perspective in its administrative areas.

THE OPPORTUNITY: This is an opportunity for an experienced financial leader to join a well-respected, high-profile organization that provides opportunities and supports that empower children living in poverty to reach their fullest potential. He or she will be charged with building a fiscal organization and organization-wide financial processes that will complement and help advance these activities.

The CFO will have the support of the CEO, Board of Trustees, and leadership team to continue to build upon the organizations current strengths to further develop a strong, collaborative, and strategic finance division. Working in close partnership with the program and administrative team, the CFO will provide leadership, mentoring, and professional development to a team whose mission is to leverage and maximize financial resources for current and anticipated programs and to help ensure a robust, sustainable future for CA.

REPORTING RELATIONSHIPS: The CFO reports to the President and CEO, Phoebe C. Boyer, and leads a finance team of some 60 staff throughout the organization in areas ranging from operational accounting to budgeting and financial reporting. The CFO will also serve as the staff lead to several committees of the Board of Trustees.

REQUIRED QUALIFICATIONS AND EXPERIENCE

SPECIFIC EXPECTATIONS

Strategy/Leadership CA Management & CA Board of Trustees

  • Serve as senior management team lead for all financial matters, including advice, counsel and direction on financial priorities and the financial impact of decisions, actions and events.
  • Develop CA short- and long-term financial goals and the means to achieve them.
  • Partner with the CPO on program-related matters, including but not limited to budgeting and planning.
  • Partner with the COO on real estate and facilities, information technology, and enterprise-level business operations and development initiatives.
  • Work with Development on private revenue planning, tracking and reporting.
  • Work with Talent Management & Human Resources on personnel processes and controls.
  • Serve as senior management lead to CA Board committees for Finance, Investment and Audit & Risk Management; and, to CA Board of Trustees, as a whole, on all financial matters.

Accounting, Fiscal Operations, Audits & Risk Management

  • Ensure integrity and completeness of financial statement preparation and presentation for multiple entities including The Childrens Aid Society, subsidiary corporations, The Childrens Aid College Prep Charter School, The Childrens Aid Society Retirement Plan, The Childrens Aid Society Voluntary Retirement Plan, and Campbell Devon Corporation.
  • Oversee the preparation, analysis and presentation of regular financial reports for CA management, the CA Board, and external parties.
  • Oversee audits by CAs external auditor, government funders and internal audits of fiscal operations throughout the organization.
  • Ensure that fiscal policies, processes and procedures promote efficiency, transparency, accountability, and customer service, while maintaining appropriate internal controls.
  • Ensure the adequacy and appropriateness of information technology resources to support key financial processes and reporting CA-wide.
  • Oversee timely, accurate and effective execution of core fiscal operations, including accounting, accounts payable, bank reconciliations, timekeeping and payroll operations, purchasing, cash management, and investment reporting.
  • Ensure strong management of assets and liabilities, including working capital, general investment portfolio, real estate reserve investments, endowment portfolio, pension investments and obligations, charitable gift annuities, and Series 2015 and 2019 borrowings.
  • Ensure timely statutory and regulatory filings for: Internal Revenue Service, Department of Labor, New York City, New York State and other city, state and Federal purposes, filings including Form(s) 990 and 5500s.

Budgeting Planning, Preparation, Monitoring & Performance Reporting

  • Develop short- and long-range financial plans to ensure the financial viability of programs and operations, including policies, procedures, forecasts, scenarios, and systems.
  • Lead the annual budget development process in partnership with the CEO and oversee the monitoring of actual performance versus budget for all programs and operations.
  • Oversee tracking of revenues and expenses, and submission of claims and reports to ensure maximum reimbursement and funder compliance.
  • Provide advice, counsel, training to program team and other divisions, as needed.
  • Ensure that internal customers have access to (and training for) the tools and data required for all aspects of financial management and reporting.
  • Foster a culture of support and collaboration amongst finance, program, development and other administration and support teams.

Performance, Capacity & Accountability

  • Ensure best practices in all aspects of financial management, including appropriate alignment of financial functions and responsibilities; and, staff development.
  • Establish clear performance goals and measures for all financial processes and operations, organization wide.

External Relations

  • Cultivate relationships with external CA business partners, including funders, vendors, auditors, banking institutions, actuaries, and financial executives at peer organizations.
  • Participate in relevant trade organizations, working groups, conferences, and training opportunities to maintain visible presence and awareness of key trends and developments.

CANDIDATE QUALIFICATIONS: The CFO should thoroughly embrace and represent CAs mission and philosophy and have the following experience, qualifications and abilities:

Experience and Attributes

  • Seasoned, mature leader and business partner witha strategic orientation and hands-on approach, having at least 15 years offinancial management experience, including large, diverse, complexnot-for-profit organizations.
  • Credibility and personality to serve as a trusted advisor organization-wide, including to the CEO and to the Board of Trustees.
  • Demonstrated achievement in building high-performing financial management organizations, both with respect to the availability of financial management information and efficiency.
  • Collaborative and flexible style, a strong commitment to internal customer service, and the highest commitment to professionalism and integrity.
  • Able and willing to be a contributing member of the CA leadership team.
  • Experience with both public and private funding is critical, ideally in a large human service, education or health care setting.
  • Excellent finance, analytic and accounting skills, desire to work in a dynamic environment, and significantexperience in change management, business process redesign, and systemsimplementation.
  • Some investment management experience and experience working with pension plans and dealing with real estate matters.
  • Some experience with public borrowings and rating agencies.
  • An effective communicator at all levels in the organization, with strong oral and written skills.
  • Exceptional judgment and maturity and focused on people as the first priority at all times.
  • Someone who is even keeled and unflappable.
  • Able to motivate staff to embrace change and new methodologies.
  • Able and willing to translate financial information and best practices to non-financial staff at all levels.
  • Commitment to fostering and building a diverse team.
  • Ability to translate business needs into budgets and vice-versa, while putting information into the hands of the leaders tomake good, timely business decisions.
  • Creative problem-solver and fixer who can create management tools that will help those on the front lines.
  • Tech savvy to help ensure that financial systems are flexible and adaptable to program staff on the ground.
  • Must be able to communicate with a wide variety of audiences and with respect, humility, and a service orientation.

Education:

  • A bachelors degree is required along with an MBA or other professional, graduate degree, such as MPA; if the latter, undergraduate degree in finance or accounting preferred.
  • CPA highly desirable, although not required.

Requirements:

Job Type Full Time

Location

--Manhattan

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