Job Description
Job Description
Chief Financial Officer
Status : Full time 35 hours per week; Hybrid Work Schedule available
Location : Downtown Brooklyn (Fulton Mall Area)
Salary Range : $180,000 - $210,000
Since 1866, Brooklyn Community Services (BCS) has worked in neighborhoods impacted by systemic poverty. We strengthen communities by fostering the educational success of children, the leadership development of youth, the employment and housing stability of adults, the advancement of individuals living with disabilities, and the empowerment of seniors and families.
With award-winning programs across more than 40 Brooklyn sites, BCS serves more than 20,000 individuals in need each year. We strengthen families, educate children, and help adults dealing with poverty, homelessness, mental illness or disabilities become self-sufficient. Education, employment, and mental health services are just some of the ways that we enable our community to achieve their goals. We do this work while upholding our values : compassion, respect & empathy; empowerment; diversity, equity & inclusion; innovation & learning; integrity; and partnership & collaboration.
Learn more about Brooklyn Community Services at www.wearebcs.org
ABOUT THE POSITION
Reporting directly to the Executive Director, the Chief Financial Officer (CFO) will lead all aspects of finance, including accounting, contract management, financial planning, financial reporting, budgeting, risk management, purchasing, reception and / or mailroom, and capital / housing development.
The CFO's responsibilities will include, but will not be limited to, the following areas of focus :
Accounting & Operations
- Manage the organization's finance function to ensure the accurate execution of operational finance (i.e., accounting, reporting, banking, budgeting, leasing, procurement, and compliance) and the delivery of all mandated financial reports to authorizers, lenders, funders, auditors, and other key stakeholders.
- Interact with government agencies and other funders and support colleagues on contract / grant negotiations, billing and audits. Ensure effective delivery of high-quality services in compliance with funding source mandates (federal, state, city, and private grants).
- Manage and control expenses and income; oversee management of all accounts receivable / payable, payroll, Medicare billing and treasury functions including timely receipts and effective reporting.
- Manage the audit process to ensure compliance with agency audit requests; respond to financial audit reports in a timely, effective and efficient manner.
- Collaborate with the Executive Director, COO, Housing Development Manager and others to explore and manage long-range real estate planning and development opportunities.
- Collaborate with the External Relations and Advancement team (ERA) on funder reports and related financial documents for external consumption. Offer guidance and participate in fundraising proposals and requests for support to corporations, foundations, individuals and government entities. Provide guidance and support on marketing and fundraising activities.
Strategic Financial Management
Drive long-term financial strategy development : strengthen the organization's balance sheet and set appropriate financial targets to ensure financial sustainability.Serve as lead liaison to the Board of Directors' Finance and Audit Committees and support other committees as needed.Assess and improve systems across financial reporting, accounting, payroll, purchasing, expense, cash and inventory control functions, and the organization's HRIS.Forecast, monitor, and communicate regularly with stakeholders on budget challenges and opportunities; coordinate budget modifications.Oversee outsourced financial management and medical billing services provided by BTQ; complete assessment of the financial management system and implement improvements.Organizational & Team Leadership
Build, develop, and empower a strong team and external resources in an equitable and inclusive manner. Directly manage a team of 5 finance professionals.Partner with the Executive Director and the Senior Leadership Team on operational and strategic issues; provide recommendations based on financial analysis and projections, cost identification and allocation, and revenue / expense analysis.Participate in BCS' strategic planning processes to establish and monitor multi-year, detailed financial models and ensure progress towards goals.Inform and track organizational planning to integrate operations in line with budgets, strategic plans and financial best practices.Collaborate with the Executive Director and Senior Leadership Team to prepare budget projections to ensure accurate annual operating budgets.Partner with the Executive Director and Senior Leadership Team to communicate with public and private funders, membership organizations, elected officials and community leaders on the delivery of high-quality services relevant to communities throughout Brooklyn.CANDIDATE REQUIREMENTS :
The successful candidate will possess the following skills and attributes :
Strong alignment with the BCS mission; an unwavering commitment to anti-racism, diversity, equity, and inclusion, with an ability to model BCS values and foster an inclusive and respectful workplace.10 years in progressively responsible financial leadership roles, including management experience in complex non-profit organizations; experience in managing a budget of at least $15 million with multiple funding streams. Experience with non-profit audits and as a Controller is preferred.Exceptional people management skills; experience in building and retaining strong teams and managing external resources. Excellent communication, partnership and collaboration skills with the proven ability to work across teams and build consensus.Experience in grant accounting (including strong knowledge of current GAAP pronouncements for revenue recognition, determination of conditional / unconditional & restricted / unrestricted funding); demonstrable experience in subgrant accounting implementation and evaluation; direct experience managing private foundation grants : utilization, restriction and release rules, grantor reporting.Direct experience with NYC and NYS government contracts : budgeting, vouchering, multi-site allocations, indirect cost rates, and financial reporting, including agencies such as OMH, OPWDD, DOHMH, DYCD, DHS.Strong analytical skills and an ability to articulate variances between projected and actual results, as well as to interpret cash-basis activities and reflect them in an accrual-based accounting reporting structure.Exceptional systems and process orientation and a track record of designing and implementing system improvements.Ability to handle complex challenges with tact and diplomacy and to balance multiple demands on time and attention. Willingness to roll up sleeves and dig into the details to get things done.Community-minded, patient, creative, flexible, and compassionate. A demonstrated commitment to integrity and consistent modeling of ethical behavior and decision making.BS in Finance or Accounting preferred.COMPENSATION AND BENEFITS :
The salary range for this role is $185,000 to $210,000 based on commensurate experience. There is also a generous benefits package including, but not limited to medical, dental, vision, paid time off, and retirement account with match.
Salary : $180,000 - $210,000
