Chief Financial Officer

Description

NYCSBUS (New York City School Bus Umbrella Services Inc.) is a newly formed not-for-profit corporation that provides school bus transportation services to New York City public and private school students, the majority of whom have Individualized Educational Programs. It operates approximately 800 school bus routes with a staff of approximately 1,800 people from six locations with a budget of $190 million. NYSCBUS’s goal is to radically improve student bus transportation by innovating in all areas and by providing unprecedented transparency in bus operations to school districts that outsource this service.

Reporting to the Chief Executive Officer, the Chief Financial Officer is responsible for overseeing all financial operations, including budgeting, financial reporting, compliance, and risk management. This individual will provide strategic financial guidance to ensure long-term sustainability and operational efficiency. The CFO will partner closely with the NYCSBUS Leadership Team to align financial strategies with the organization’s mission and goals.

Finance Department Supervisory Responsibilities

• Provide daily operational oversight of the Finance team and function
• Recruit, interview, hire, and train new team members 
• Oversee the daily workflow of the department

Primary Responsibilities

Financial Strategy & Planning:

• Develop and implement financial strategies to support the organization’s mission and strategic priorities.
• Lead the annual budgeting and forecasting process, ensuring alignment with program goals.

Financial Reporting & Compliance:

• Prepare accurate financial reports for leadership, funders, and the Board of Directors.
• Ensure compliance with federal, state, and local regulations, including nonprofit reporting requirements.

Grant & Fund Management:

• Oversee the financial management of government and private grants, ensuring compliance with funder guidelines.
• Coordinate audits and ensure timely submission of grant-related financial reports.

Risk Management & Internal Controls:

• Implement and maintain internal controls to safeguard the organization’s assets and ensure financial integrity.
• Manage cash flow and liquidity to support operational needs and sustainability.

Board & Stakeholder Collaboration:

• Present financial reports and strategic recommendations to the CEO and Board of Directors

Qualifications

Qualifications & Requirements

• Bachelor’s degree in Finance, Accounting, or a related field (MBA, CPA, or equivalent preferred).
• 10 years of senior financial management experience, preferably within a nonprofit or mission-driven organization.
• Strong knowledge of nonprofit and government accounting standards, including GAAP and fund accounting principles.
• Proven experience managing budgets, grants, and audits in a nonprofit environment.
• Financial operations experience including management of complex payables tied to revenue-generating activities and commercial receivables.
• Excellent communication and presentation skills, with experience working with boards and external stakeholders.
• Expertise in financial software and reporting systems.
• Strong analytical skills with the ability to align financial goals with strategic objectives.

Preferred Experience

• Familiarity with New York City’s funding landscape, including City government grants and contracts.
• Experience managing compliance with OMB Uniform Guidance and restricted funds.
• Knowledge of nonprofit real estate and facilities management is a plus.

Salary : $175,000