Chief Financial Officer

Overview

Our client, a holistic community partnership in Brooklyn, NY, is seeking a Chief Financial Officer to join their team.

Essential Duties

• Serve as Chief Financial Officer for the main organization and all of its affiliates
• Serve as an officer on board of all real estate affiliates
• Ensure that overall organizational strategy supports financial sustainability, expands capacity to invest in the communities, and translates into measurable results
• Regularly report financial performance, historical and forecasted against plan results to the CEO, other department leaders, and board with recommendations for achieving improved performance
• Develop the financial plan and annual budgets for the organization and its affiliates
• Direct long-term revenue and cost management to advance the strategic plan
• Monitor progress and present financial metrics to internal and external stakeholders
• Oversee financial management of payers including Medicare, Medicaid, and city agencies
• Oversee billing and A/R functions to ensure timely and complete capture of all monies due
• Oversee management of fee-for-service models where appropriate
• Present cash flow analysis and reports to CEO and Senior Leadership on a regular basis
• Ensure vendors are paid timely
• Lead transition to a robust and effective purchase to pay workstream and develop a centralized purchasing function with supporting policies, processes, and systems
• Responsible for all business, financial accounting systems, and processes serving the needs of the Finance and Accounting Department for the organization and its affiliates
• Manage and direct the Controller, Grant Accounting Director, Treasurer, FP&A function, and other direct reports

MANAGES RISKS AND FINANCIAL COMPLIANCE

• Continually evaluate and lead efforts to improve policy, processes, business systems, and people/talent
• Lead, create and promote a culture of strong internal financial and operational controls within finance and accounting, and put measures in place to encourage and ensure compliance
• Create and oversee a robust internal audit function
• Ensure one source of truth books and records accurately represent the financial performance and that all stakeholder reporting is sourced directly from the books and records and not from alternative sources
• Support self-service reporting and distributed transaction processing establishing a process environment that brings distributed accounting responsibility closer to the source decision makers
• Mitigate financial risks including using appropriate level of insurance to identify and cover possible liability
• Report to the CEO and board on the current and potential material risks to the organization
• Assess the organization's financial key risk metrics and indicators
• Oversee an effective payroll function and ensure compliance with legal, regulatory, and tax requirements
• Review and act upon the findings and recommendations of internal and external auditors
• Certify audits, financial statements, files tax returns, and submit required reports to regulators on a timely basis
• Ensure that all audits and tax returns are completed timely and accurately
• Ensure that all federal, state, and regulatory compliance policies and procedures in relation to the functions of this role are effectively performed

MANAGES ACCOUNTING AND FINANCIAL OPERATIONS

• Set financial policy in accordance with the organizations overall strategy and directives with oversight by the CEO
• Develop tools and systems to provide critical timely and accurate financial information to the board and executive team and makes actionable recommendations on strategy
• Assess organizational financial performance against annual budget, long-term strategy, and established KPIs
• Take a leading role on the financial review team for major projects, investments, and acquisitions
• Recommend improvements to systems and anticipate regulatory and technological changes
• Oversee a high-functioning and well-controlled procure-to-pay function

DIRECTS FINANCIAL REPORTING

• Develop and implement financial and accounting functions systems, processes and establishes policy based on sound financial and operational accounting controls serving the business and financial reporting needs of the organization and its affiliates and improve them as needed
• Synthesize complex information to communicate relevant themes, important trends, KPIs, and KRIs
• Ensure that all financial information is sourced from the books and records, is accurate and timely, and presented professionally in financial statements, with accompanying disclosures; present this information to various internal and external stakeholders
• Ensure that the finance staff maintains financial record systems and processes in accordance with best practices, in compliance with Generally Accepted Accounting Principles, and monitor and report the use of all funds
• Monitor financial health and capacity to meet obligations and invest in approved and stated goals

OVERSEES FINANCES OF REAL ESTATE PORTFOLIO

• Monitor financial health of existing portfolio, including identification of KPIs and KRIs
• Review and advise on proformas for new development projects
• Monitor risks and anticipated returns of development projects
• Oversee property and income tax strategy for real estate portfolio
• In collaboration with the VP of Housing, oversee robust asset management function
• In collaboration with the CEO and the Housing division, develop a portfolio strategy to maximize sustainability, affordability, and profitability of real estate operations
• Participate in project selection and feasibility analysis functions

Qualifications

• Minimum of 10 years CFO experience with a similar sized and complex not-for-profit
• Background in property management and real estate finance, with affordable housing experience strongly preferred
• A combination of For-Profit CFO experience in addition to not-for-profit experience is a plus
• Previous experience as financial fiduciary preferred, with a track record of effective leadership
• Experience in leading change- knows how to bring effective change to an organization
• Working knowledge of Generally Accepted Accounting Principles (GAAP)
• Strong technology skills- proficient with ERP, reporting and budgeting systems and productivity tools (e.g., Microsoft Suite), and general financial and administrative software knowledge
• Analytical mindset with the ability to recognize and question changes in financial data
• Deadline-oriented, with proven history of successful project completion
• Strong analytical skills, including the ability to analyze and explain succinctly data implications, as well as propose solutions to complex problems
• Strong organizational skills, including the ability to create and implement policies and procedures to improve operations and compliance
• Ethical and able to adhere to the highest standards of confidentiality
• Effective communication, written and verbal
• Demonstrated high degree of accuracy in all work
• Ability to adapt to pressure, work independently, proficiently, and efficiently
• Experience building a solutions-oriented, collaborative culture
• Commitment to a workplace culture that encourages personal growth and staff development
• Demonstrated ability to build consensus among diverse groups of stakeholders
• Commitment to working for the betterment of marginalized communities

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