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Chief Financial Officer

Sesame Flyers
New York, NY Full Time
POSTED ON 4/3/2025
AVAILABLE BEFORE 5/2/2025

Job Description

Job Description

Salary :

Request for Proposal (RFP) for Chief Financial Officer (CFO) Services

Release Date 01 / 31 / 25

1. Introduction and Background

Sesame Flyers International is household name in the East Flatbush area of new that for decades has meaningfully contributed to culture and youth development within Brooklyns highly diverse communities. We are a family of passionate individuals committed to empowering the community we serve. From our youth development programs to our cultural events, we strive to make a positive impact on the lives of our youth and families in Brooklyn and beyond. Our motto to Love a Kid Today and Everyday is our way of life. We are passionate about ensuring a safe and nurturing environment for children to grow, learn, and thrive. As we continue to evolve and meet the ever-changing needs of our community, we hold steadfast to our core values of youth empowerment, economic development and service, and love. Join us on our journey to make a difference in the lives of those around us.

2. Purpose

This RFP invites proposals from qualified individuals or firms to provide Chief Financial Officer (CFO) services to Sesame Flyers International, Inc. The CFO will primarily support our organizations mission by overseeing financial strategy, ensuring compliance, optimizing financial resources, and providing expert guidance on financial planning and analysis. We seek an individual or firm with strong alignment with our mission and can add strategic value to our organization.

3. Project Overview

Scope of Services :

The CFO will be responsible for the following :

  • Overseeing the organizations overall financial strategy and performance.
  • Managing and optimizing the budgeting, financial reporting, and forecasting processes.
  • Ensuring compliance with nonprofit regulations, financial controls, and donor-restricted funding requirements.
  • Leading annual audits and coordinating with external auditors.
  • Developing and implementing internal policies to safeguard financial assets.
  • Providing financial insights and reports to the Board of Directors and executive team to inform strategic decisions.
  • Supporting fundraising activities with financial insights and accurate reporting to stakeholders and donors.

Deliverables :

  • Monthly and quarterly financial reports.
  • Annual budget and financial strategy proposals.
  • Compliance and audit documentation.
  • Weekly updates on financial health, risk assessments, and recommendations for improvement.
  • Strategic and operational oversight of existing financial department.

    • 4. Qualifications and Requirements

    Experience and Skills :

  • Minimum of 10 years of experience in financial management, preferably with a focus on nonprofit organizations within the New York CBO ecosystem.
  • Expertise in nonprofit accounting standards (GAAP) and financial reporting requirements.
  • Proficiency in accounting software e.g. FundEasy, QuickBooks, etc.
  • Experience with budgeting, forecasting, and financial analysis for grant-funded programs.
  • Demonstrated ability to work with Boards and executive teams to develop actionable financial strategies.

    • Education and Certifications :

  • A Masters degree in Finance, Accounting, or related field preferred.
  • Financial certification is great but not preferred.
  • Continuing education in nonprofit financial management a plus.

    • Soft Skills :

  • Strong leadership and communication skills.
  • Demonstrated ability to work collaboratively with diverse teams.
  • Strategic thinking and problem-solving abilities.

    • 5. Proposal Submission Requirements

    Content :

    Please include the following sections in your proposal :

  • Executive Summary : Summarize your qualifications and your approach to the CFO role in the nonprofit setting.
  • Approach and Methodology : Describe your process for managing and enhancing financial systems within a nonprofit organization.
  • Experience and Qualifications : Detail your relevant experience, past nonprofit engagements, and examples of prior work.
  • Budget Proposal : Provide a breakdown of fees, including any additional expenses (e.g., travel, materials, etc.).
  • References : Include contact information for at least two references from similar nonprofit engagements.

    • Format :

  • Proposals should be no longer than 10 pages.
  • Submit proposals in PDF format.

    • 6. Evaluation Criteria

    Proposals will be evaluated on the following criteria :

  • Relevant Experience : Depth of experience in nonprofit financial management.
  • Proposed Approach : Feasibility and effectiveness of the proposed approach to the CFO role.
  • Cost and Budget : Cost-effectiveness relative to the scope and quality of services.
  • Cultural and Mission Fit : Alignment with Sesame Flyers Internationals mission and values.
  • References : Quality and relevance of references.

    • Scoring System : A scoring matrix will be used to evaluate proposals based on these criteria.

    7. Submission Instructions

    Deadline :

    Proposals must be submitted by February 28, 2025. Late submissions will not be considered.

    Submission Method :

    Email proposals addressed to the Executive Director at rfps@sesameflyers.org with the subject line, CFO RFP Sesame Flyers International, Inc.

    Point of Contact :

    Direct any questions regarding this RFP the Executive Director, SFI at rfps@sesameflyers.org.

    8. Location

  • This is not a remote opportunity. Success candidate / firm will function in-person.

    • 9. Timeline

  • RFP Release Date : January 28, 2025
  • Proposal Submission Deadline : February 28, 2025
  • Evaluation Period : March 3 14, 2025
  • Interviews : To be conducted on a rolling basis.
  • Selection Date : March 21, 2025
  • Expected Start Date : March 31, 2025

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