Chief Financial Officer

City of New York - New York, NY

Full-time - Executive

New York, NY

Executive, Legislative, and Other General Government Support

About the position

The Chief Financial Officer (CFO) of the Department of Small Business Services (SBS) is responsible for overseeing a budget exceeding $330 million and managing key business units including Budget, Revenue, Accounts Payable, and Audit. The CFO plays a critical role in ensuring compliance with financial regulations and enhancing the financial operations of the agency and its affiliated non-profits, while providing strategic leadership and guidance to the financial management teams.

Responsibilities

• Lead all matters relating to financial policies and procedures, budget planning, formulation, presentation, execution, reporting and requirements for financial management systems.
• Provide leadership, supervision and oversee the operations of the financial management and audit teams including planning, assigning, and directing work; appraising performance; rewarding and coaching; addressing complaints and resolving concerns.
• Lead financial management activities and an integrated accounting and financial management system including auditable financial reporting and internal controls.
• Oversee the implementation of programs and processes that ensure robust monitoring of financial transactions and budget execution to achieve compliance with applicable laws and regulations.
• Serve as Treasurer for two non-profit corporations, overseeing the bookkeeping process and ensuring adherence to tax regulations and best accounting practices.
• Advise agency leadership on control measures and build consensus regarding strategies for efficient resource allocation.
• Institute methodologies, organizational practices, and processes to ensure audit readiness and accuracy.
• Serve as agency liaison with the NYC Comptroller's Office, NYS Department of Labor, and Financial Information Services Agency (FISA).
• Enhance and/or develop, implement, and enforce financial policies and procedures to improve overall operation and effectiveness.
• Oversee and advise in the implementation, development, and maintenance of information technology systems for finance.
• Evaluate the financial management and audit teams' structure and plan for continual improvement.

Requirements

• A master's degree in economics, finance, accounting, business or public administration, or a Juris Doctor degree from an accredited law school.
• Two years of satisfactory full-time professional experience in budget administration, accounting, economic or financial administration, or fiscal or economic research, including 18 months in an executive, managerial, administrative, or supervisory capacity.
• A baccalaureate degree and four years of satisfactory full-time professional experience in relevant areas, including 18 months of executive, managerial, administrative, or supervisory experience.
• An associate degree or completion of 60 semester credits and six years of satisfactory full-time professional experience, including 18 months of executive, managerial, administrative, or supervisory experience.
• A four-year high school diploma and eight years of satisfactory full-time professional experience, including 18 months of executive, managerial, administrative, or supervisory experience.