Nadap - New York, NY
posted 4 months ago
The Chief Financial Officer (CFO) at NADAP plays a crucial role in providing both operational and programmatic support to the organization. Reporting directly to the President/Chief Executive Officer (CEO), the CFO is responsible for assisting in all strategic and tactical matters related to budget management, cost-benefit analysis, and forecasting needs. The CFO will also be instrumental in securing new funding opportunities to support the organization's mission of helping disadvantaged populations in New York City and Long Island. In this role, the CFO will assess the benefits of all prospective contracts and advise the Executive Team on programmatic design and implementation matters. The CFO will develop and maintain systems of internal controls to safeguard the financial assets of the organization and oversee governmental awards and programs. This includes ensuring compliance with all A-133 audit issues, 401(k) and 403(b) compliance issues, and the preparation of annual financial statements in accordance with U.S. GAAP and other required supplementary schedules. Training the Finance Department and other staff on financial management matters will also be a key responsibility. The CFO will monitor the banking activities of the organization to ensure adequate cash flow to meet its needs and oversee the production of monthly reports, including reconciliations with funders and pension plan requirements. Additionally, the CFO will participate in developing new business by assisting the CEO and EVP in identifying new funding opportunities and drafting prospective programmatic budgets. The role also involves overseeing all fiscal reporting activities, providing the President with an operating budget, and ensuring programmatic success through cost analysis support. The CFO will attend Board and Committee meetings, serve as the lead staff on the Audit/Finance Committee, and ensure that adequate controls are installed for all purchases to pass independent and governmental audits. Other responsibilities include overseeing Accounts Payable and Accounts Receivable, managing business insurance plans, and developing Finance Department staff. The CFO will also assist in the design and implementation of wage incentives and oversee the administration of the organization's Savings and Retirement Plan.