Chief Financial Officer

$175,000 - $200,000/Yr

Nadap - New York, NY

Full-time - Senior

Hybrid - New York, NY

Religious, Grantmaking, Civic, Professional, and Similar Organizations

About the position

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.

Responsibilities

• Assess the benefits of all prospective contracts and advise the Executive Team on programmatic design and implementation matters.
• Develop and maintain systems of internal controls to safeguard financial assets of the organization and oversee governmental awards and programs.
• Oversee the coordination and activities of independent auditors ensuring all A-133 audit issues are resolved, and all 401(k) and 403(b) compliance issues are met.
• Train the Finance Department and other staff on raising awareness and knowledge of financial management matters.
• Monitor banking activities of the organization and ensure adequate cash flow to meet the organization's needs.
• Oversee the production of monthly reports including reconciliations with funders and pension plan requirements, as well as financial statements and cash flow projections for use by Executive management, the Audit/Finance Committee, and the Board of Directors.
• Participate in developing new business, specifically: assist the CEO and EVP in identifying new funding opportunities, drafting prospective programmatic budgets, and determining cost effectiveness of prospective service delivery.
• Oversee the management and coordination of all fiscal reporting activities for the organization including: organizational revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring of organizational and contract/grant budgets.
• Provide the President with an operating budget.
• Work with the EVP to ensure programmatic success through cost analysis support, and compliance with all contractual and programmatic requirements.
• Attend appropriate Board and Committee meetings; serve as lead staff on the Audit/Finance Committee.
• Ensure adequate controls are installed and that substantiating documentation is approved and available such that all purchases may pass independent and governmental audits.
• Oversee Accounts Payable and Accounts Receivable and ensure a disaster recovery plan is in place.
• Oversee business insurance plans and health care coverage analysis.
• Oversee all purchasing and payroll activity for staff and participants and the organization's savings and retirement plan.
• Work with the President/CEO on the strategic vision including fostering and cultivating stakeholder relationships on city, state, and national levels, as well as assisting in the development and negotiation of contracts.
• Assist in the design, implementation, and timely calculations of wage incentives, commissions, and salaries for the staff.
• Oversee administration and financial reporting of the organization's Savings and Retirement Plan.
• Oversee the maintenance of the inventory of all fixed assets, including assets purchased with government funds, ensuring compliance with federal regulations.
• Manage and develop Finance Department staff. Delegate functions and work appropriately.
• Perform other duties as assigned.

Requirements

• Bachelor's Degree required, MBA strongly preferred.
• At least five years experience in a financial leadership role with direct senior level supervisory responsibilities.
• Experience in not-for-profit accounting in accordance with governmental accounting rules and regulations.
• Extensive knowledge with several specialized processes and systems including HHS Accelerator, NYC Way, Grants Gateway.
• Experience with Blackbaud and Nassau County Document Vault preferred.

Benefits

• Competitive pay and benefits
• Hybrid work environment
• Starting rate of 23 PTO days
• 12 holidays per year
• Convenient location near Grand Central