Chief Financial Officer

Job Type

Full Time

Published

10/15/2018

Application Deadline

11/02/2018

Address

7802 Bay Parkway
Brooklyn
New York
11214
United States

Description

The Organization


Founded in 1927, the mission of the Marks JCH of Bensonhurst is to be a center for community life in Brooklyn that is rooted in Jewish values and fosters an inclusive environment. The organization affects residents at every life stage by providing critical services that lift people out of poverty and innovative programs that educate and inspire. The Marks JCH envisions a community where people have access to the services they need to live successful and rewarding lives and where Jewish identity is preserved and celebrated. A beneficiary agency of UJA-Federation of New York, the Marks JCH is both a Jewish community center and a social service agency, touching the lives of more than 20,000 people each year, the large majority of whom are émigrés from the former Soviet Union. The organization currently has an operating budget of approximately $10M comprised of a diverse range of government contracts, institutional grants, private philanthropic support and fee-for-service revenue. 


The Opportunity


Reporting to the CEO and working in close partnership with the Board of Directors, the Audit and Finance Committees of the Board and the senior leadership team, the Chief Financial Officer will oversee and direct the day to day fiscal affairs of the organization and plan the financial strategy in support of the organization’s goals. S/he will be responsible for all strategic and tactical matters as they relate to finance, budget management,

cost benefit analysis and financial forecasting. The Chief Financial Officer will provide leadership and direction to the Finance Department and be viewed as a supportive collaborator with senior leadership and Program/Department Managers responsible for the programs and services provided by the JCH.



Strategic Leadership

 

  • Provides significant financial leadership helping to guide and shape the organization’s financial strategy and plans to support its future growth. Ensures that the organization remains in strong fiscal health
  • Develops and implements a risk assessment plan with input from the CEO, the Board and the senior leadership team which includes the appropriate metrics to document financials and other operational risks to the organization. Additionally, ensures that a disaster recovery and contingency plan is in place for the organization
  • Engages the Board’s Audit and Finance Committee with respect to financial trends and significant changes in operations impacting the finances of the organization
  • Participates in on-going strategic planning with the CEO, Board of Directors and senior leadership team


Financial and Operational Management


  •  Oversees the financial performance of the organization and prepares all related financial statements and reports including, but not limited to the Balance Sheet, Statement of Activities, Cash Flow and Budget Variance Report for review and consideration by the CEO and Board of Directors
  • Oversees the organization’s budget, including implementation of all programs and grants and prepares metric reports to account for the fiscal performance of all contracted programs and the various services and operations of the JCH
  • Ensures that the Finance Department maintains all financial records and systems in accordance with Generally Accepted Accounting Principles and effectively monitors and implement systems to control and safeguard the funds and financial assets of the organization
  • Oversees the preparation and submittal of financial reports to all City, State and Federal government agencies, UJA - Federation of New York, private foundations and other supporters who provide funding for the organization’s programs and services
  • Manages cash flow and cash flow forecasting for the organization and interfaces with banks to monitor all cash balances
  • Provides support to various members of the Board in monitoring investments of the organization and coordinating other administrative activities related to these investments in accordance with the JCH’s investment policy
  • Oversees the administration and financial reporting related to the organization's Board Designated, Capital and Endowment Funds
  • Oversees all administrative and financial reporting in connection with the organization’s Savings and Retirement Plan and other insurance plans including, Health, Disability and Worker’s Compensation
  • Coordinates and monitors all pension plan reporting requirements to UJA - Federation
  • Oversees all General Accounting operations including, the General Ledger, Trial Balance, Payroll, Accounts Payable and Account Receivable functions
  • Reviews all finance/|administrative, HR onboarding, payroll and IT related policies, procedures and systems and makes recommendations for procedural controls, workflow and process improvements
  • Prepares and monitors the Balance Sheet and all revenue, and expense accounts
  • Analyzes and distributes monthly financial statements to department heads; communicates trends and deviations, and implements corrective action plans if necessary
  • Provides Chair of Finance Committee with quarterly dashboards highlighting P&L consolidated and program data, balance sheet data and comparison metrics to prior year
  • Attends all Board and Board Subcommittee meetings including serving as lead staff person supporting the activities of the Audit and Finance Committee
  • Assists/completes other projects as assigned by CEO/ Executive Director


External Responsibilities


  • Serves as the chief financial spokesperson for the organization and in this role, represents the JCH in financial meetings with various agencies doing business with the JCH including, but not limited to, UJA – Federation, FOJP Service Corporation, government and regulatory agencies
  • Serves as liaison to and cooperates with the organization’s Independent Certified Public Accountants for the purpose of coordinating and providing financial data related to the review and preparation of the organization’s Annual Financial Audit, filing of the IRS Form 990 and other financial reporting documents.

 

Team Management Supervision


  • Provides leadership, direction, oversight and training of the Finance Department team comprised of three accounting professionals
  • Partners and engages with members of the senior leadership team and Program/Department Managers to provide financial and budgetary support related to their respective program areas
  • Works closely with the Director, Human Resources and other administrative staff to coordinate activities and functions including, but not limited to payroll and benefits administration


Experience | Education


  • Bachelors’ Degree in Accounting, Finance or Economics from an accredited college or university. An MBA, MPA or comparable Master’s Degree and/or CPA would be a plus, but is not required
  • Minimum of ten (10) years’ experience in finance, preferably in a nonprofit setting, of which at least seven (7) years were in a senior financial leadership role with overall responsibility for the fiscal affairs of an organization and a team of accounting professionals
  • A proven track record working with a diverse range of government contracts and grant funding
  • Prior experience working with independent auditing/accounting firms and reporting financial performance and results to a Board of Directors
  • Intimate knowledge of GAAP and nonprofit accounting practices and standards
  • Direct experience working with automated financial software systems including Fund EZ, cloud based technology and the Microsoft Office Suite

 

Competencies | Personal Qualities


  • Knowledge of current trends and development in community center operations and building financial systems to support infrastructure and program operations
  • A dedicated, loyal and self-motivated executive who imparts credibility, is comfortable taking charge and committed to establishing positive collaborative relationships with team members 
  • An individual of high integrity and ethics
  • A strong commitment and passion for the organization’s mission and core values 

 

Professional Level

Executive

Minimum Education Required

4-year degree

How To Apply

The Marks JCH has retained ACEUM Advisors & Search to conduct this search. To express an interest in this opportunity or to make candidate recommendations, please contact: Ira Machowsky, Founder & CEO imachowsky@aceum.com. All inquiries and discussions will be kept strictly confidential.


About Aceum Advisors & Search


ACEUM Advisors & Search is an Executive Search, HR Strategy and Management Advisory firm assisting nonprofit, healthcare and philanthropic organizations and institutions recruit high quality leadership talent and build innovative and responsive HR and infrastructure solutions to help advance the social good. 


 


Share:

Share: