Chief Financial Officer
Reporting to the Executive Director, the Chief Financial Officer (CFO) will play a critical role in developing and implementing the long-term financial strategy for NYRP. They will assume ultimate fiscal and fiduciary oversight of 6M in revenues and serve as a member of the 4-person Executive Team currently comprised of the Executive Director, Chief Operating Officer, Chief Advancement Officer and Chief Capital Officer.
The CFO will be a key strategic partner and advisor to the Executive Director and Trustees on all financial and business matters, providing leadership to guide and shape the organization’s financial strategy to support its future growth. The ideal person for this role is an enthusiastic, driven and insightful finance executive who can balance strategy with the day-to-day. They are deeply analytical yet strategy-oriented, with the ability to gather insight from the numbers and use that to convey a story that will help shape the broader strategy.
Strategic Vision and Leadership
- Serve as a true business partner to the Executive Director and provide strategic vision, long-term budgetary planning, and oversight of NYRP’s financial outlook. Ensure that the business model supports the complexity of funding streams and assets and considers potential acquisitions/strategic partnerships.
- Advise the Executive Team on all operational and strategic issues as they arise; provide strategic recommendations based on financial analysis and projections, cost identification and allocation, and revenue/expense analysis.
- Engage the Board of Trustees around issues, emerging trends, and changes in the operating model(s) and operational delivery.
- Partner closely with the Chief Advancement Officer to provide necessary financial analysis and support for revenue generation. Build and maintain relationships with banks, donors, vendors, outside consultants and others as needed to keep close to NYRP’s major expenditures, assets, investments, and sources of revenue.
- Supervise, develop, and mentor the Finance staff. Manage work allocation, training, problem resolution, performance evaluation, and the building of an effective team dynamic.
- Engage the Chief of Capital, Database Manager, and the Senior Director of Development to facilitate cross-department collaboration and ensure that financials continuously inform and support the long-term strategy, operations, and delivery of services.
Financial Systems and Operations Management
- Develop and oversee all organization-wide financial, accounting and budgeting processes and policies; ensure clarity, consistency and compliance in record-keeping and reporting procedures.
- Asses the capacity of current financial systems and software, gather data to provide recommendations and oversight on the development and implementation of appropriate financial systems, including seamless integration with the Accounting, Programmatic, and Advancement systems and software.
- Manage cash flow and forecasting. Develop a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs. Optimize the handling of banking relationships and initiate appropriate strategies to enhance cash positions.
- Oversee the preparation and approval of all financial reporting materials and metrics for funders and NYRP’s Board of Trustees; prepare and communicate monthly and annual financial statements.
- Coordinate and lead the annual audit process including the preparation and timely completion of 990s and monthly bank reconciliation reports; liaise with external auditors and the Board of Trustees; assess any changes necessary.
The CFO must be a seasoned leader with a minimum 10-15 years of financial and administrative management experience. An MBA is strongly preferred, or commensurate experience that demonstrates exemplary strategic and financial acumen.
The CFO will have the following experience and attributes:
- A proactive, problem-solving, and solutions-oriented leader with strong analytical skills and experience interpreting a strategic vision into an operational model.
- A firm understanding of budgeting and accounting practices, processes, and procedures of non-profit organizations. If coming from the for-profit world, nonprofit board experience is required.
- A creative, strategy-oriented leader with a track record of success in long-term financial planning and budget development.
- A demonstrated passion for NYRP’s mission and a desire to work in an action-oriented, dynamic environment.
- A deep commitment to anti-racism, diversity, equity and inclusion.
- An ability to evoke confidence and trust while also fostering a warm and thoughtful workplace culture.
- A compelling communicator with the ability to translate financial concepts to—and to effectively collaborate with—colleagues and external constituents who do not necessarily have finance backgrounds.
- Technologically savvy, with proven success in developing and implementing new processes and systems to increase efficiency in a fast-moving environment.
This position is based in New York, NY. While NYRP is currently remote, that may change in the near future.
NYRP is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.