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Chief Financial Officer (CFO)

Brooklyn, NY, USA | Non Profit Organization

  • Industry:
    Non-Profit / Social Enterprise
  • Position Type:
  • Functions:
    Accounting / Control
    Finance (Internal)
    General Management
  • Experience:
    10-12 years
Job Description:
63 people have viewed this job

Responsibilities


Financial Health & Planning 38%


Lead all budgeting and reforecasting processes; coordinate input from all Team Leads and decision-making process with the SMT and the Board of Directors

Provide financial analyses as needed, in particular for decisions around growth/expansion, capital investment, managing an operating reserve, and scenario modeling for the Executive Team and/or Board

Recommend benchmarks against which to measure the performance of financial operations from within the field

Manage all loans, unrestricted and restricted net assets, capitalizable assets

Collaborate with the Chief Philanthropy Officer to ensure that cash flow is appropriate for the organization’s operations

Develop and maintain financial performance measures that support the organization's strategic direction

Evaluate and, where necessary, improve core financial software systems, accounting processes and workflows

Train and support managers of the various teams at the organization to increase capacity for financial management across departments

Effectively and clearly communicate potential risks in a timely manner

In partnership with the Chief Philanthropy Officer direct and approve all staff work on reconciliations, financial reporting, information to funders and partners, grant and contract tracking

Update and maintain a documented system of accounting policies and procedures in accordance with GAAP standards


Senior Management Team 18%


Participate in key decisions as a member of the Senior Management Team (SMT)

Advance the organization by leading the implementation of special projects related to short and long term investments, team culture, and organizational strategic planning

Support CEO and SMT in financial analysis by providing regular monthly financial reports on team spending and forecasts, long term plans and analysis, scenario modeling, and prompt follow-up to inquiries


Managing the Finance and Administration Team 18%


Coordinating with other team leads on cross team work; managing inflow of requests for support from other teams and delegating them appropriately

Create, monitor, evaluate and report on team goals

Manage, coach and develop the Finance & Admin team members


Audit & Governance 18%


Manage relationships with Audit Firm, staff audit team, and Board engagement with the auditors; ensure on time audits and 990s annually

Support the Board Treasurer and Finance Committee in their fiduciary oversight duties through regular reporting

Staff monthly Board Finance Committee meetings

Participate in four Board of Directors meetings annually; provide all financial reports in advance


Areas of Oversight and Delegation 10%


Trust & Safety -- Oversee the emerging work focused on fraud prevention, user privacy

Disbursements -- Oversee staff who work with the Product Team to design a streamlined disbursement process

Program -- Oversee Special Projects Ops Manager on project eligibility, compliance and fiscal sponsorship

Ops & IT -- Oversee Special Projects Ops Manager's management of facilities (including home offices), phones, computers and internal communications and productivity software

Compliance -- Oversee Special Projects Ops Manager's management of all legal and compliance questions

Human Resources -- Oversee Special Projects Ops Manager's management of human resources, hiring, salary, advancement, onboarding, offboarding, benefits, etc

Internal Controls -- Guide and direct ioby's internal controls and cross team interdependencies


Requirements


Qualified candidates must have the following characteristics:


Exceptional ability to translate financial concepts, trends, reports, and forecasts to non-expert staff and board members

Experience leading continuous improvement of organizational financial systems

Deep knowledge of nonprofit accounting, including fund-based accounting, grant tracking, and reporting

Demonstrated experience producing, analyzing, and presenting all standard business financial reports

Experience creating and adapting long term financial planning scenarios and strategy recommendations based on existing data and business insights as conditions shift

Experience with complex organizational finances resulting from multiple programs, multiple locations, and a variety restricted funding sources

3+ years experience managing a diverse staff; has an approach to managing a multiracial team

Experience working with fundraising staff to forecast a variety of revenue pipelines and manage numerous concurrent grant contract reporting requirements

Comfort overseeing administrative and operational aspects of a nonprofit organization

Experience handling sensitive financial information with a high level of discretion; respect for privacy and appropriate levels of access

10+ years of professional experience in finance and at least 2+ years experience in accounting (preferably in the nonprofit sector)

Uses day-to-day accounting key performance metrics and solid understanding of the business environment to inform long term business strategy

Stays apprised of new accounting standards

5+ years experience using accounting software

Able to present the same information in different ways depending on the audience

Believes in ioby’s mission and the power of resident-led action in making change

Committed to racial justice and equity

Ability to prioritize and reprioritize many competing, important activities while staying calm, balanced, focused

Meticulous by nature with a passion for detail

Able to track and present information through key metrics or performance indicators

Highly organized; excellent in time management

Self-starting, motivated

Strong working memory

Deep commitment and fulfillment derived from working on a team

Strong interpersonal skills: courtesy, tact, patience, and collaborative orientation

Enjoys working as efficiently as possible and improving processes and systems

Committed to innovative problem solving

Clear communicator who is able to be concise and summarize the key points, risks, rewards, and tradeoffs of multiple scenarios

Comfortable using a variety of today’s cloud-based collaborative software such as Google Docs, Dropbox, Asana, Slack, etc

Curious and adept in adopting new technology; excited to learn new tools

Excited to manage remotely and be a part of a distributed team

Manages with an investment and coaching mindset, allows room for direct reports to make mistakes as a growth opportunity

Comfort finishing the transition to new accounting software


Extraordinary candidates will have the following nice to have characteristics:


Experience staffing a nonprofit Board of Director's finance committee and treasurer

Experience with the finances of growing organization

Experience in financial leadership positions at organizations with greater than 25 staff and/or budgets larger than $8MM

Experience with e-commerce, crowdfunding, and/or high transaction volume flowing to hundreds of cost centers

Experience working with fundraising staff using CRM databases such as Salesforce to track revenue

Familiarity with Sage Intacct and / or nonprofit-specific accounting software

CPA, CFA, CMA, CNAP, or similar professional accounting designations

A basic understanding of and interest in neighborhoods, community development, urban planning, and civic technology

Experience working in organizations with a Diversity, Equity, and Inclusion framework

Experience and familiarity with nonprofit fiscal sponsorship


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