RiseBoro Community Partnership, a respected community development organization is seeking an outstanding financial leader to join its team as Chief Financial Officer (CFO).
RiseBoro Community Partnership (RiseBoro) is a growing, multi-faceted nonprofit serving the needs of underserviced New York City communities. RiseBoro uses a unique model of holistic community revitalization which works by developing neighborhood assets to create the foundation for a more vibrant and diverse society. RiseBoro builds upon this foundation with programs designed to connect people to resources to help everyone in the community thrive, especially the City’s most vulnerable populations. These programs include developing and maintaining affordable and supportive housing; providing education and workforce development; addressing homelessness; delivering in-home care and meals on wheels for seniors and those unable to care for themselves; providing legal assistance and support, and much more. This inclusive approach helps unleash the potential of the neighborhoods and ensures that nobody is left behind in times of growth.
RiseBoro is seeking a smart, hardworking, and experienced financial professional to become its next Chief Financial Officer (CFO). Reporting directly to the Chief Executive Officer and Board of Directors, the CFO will be responsible for the financial planning, operations, financial reporting, budgeting, risk management, accounting and finance, human resources and the information technology functions. As a key member of the senior leadership team, the CFO must be a detail-oriented professional who can manage the financial and administrative needs of the organization, work closely with the auditors, and collaborate constructively with program managers.
The principal responsibility for the CFO is to maintain RiseBoro’s financial sustainability and its capacity to invest in programs and initiatives that unleash the community’s potential to thrive. The CFO oversees the internal infrastructure of a results-driven organization, in which all units and managers are evaluated based on measurable indicators for financial performance, efficiency, and impact on communities served. As strategy, programs, and initiatives evolve with the community, the CFO ensures that all components of the finance and operational administration are aligned with those changes.
The position requires a strategic thinker who has a collegial and collaborative management and engagement style and is experienced with a complex and dynamically evolving, not-for-profit, multi-service organization. The CFO must have significant experience in real estate financing, especially as it relates to affordable and supportive housing. The successful candidate must work collaboratively and in a spirit of mutual trust with management and employees across the organization, set the tone for fiscal responsibility and controls, and encourage and model best practices in financial management.
Specific Responsibilities include:
Leads Financial Planning and Cost Management:
- Serves as Chief Financial Officer for RiseBoro and all its affiliates
- Serves as officer on board of all real estate affiliates
- Ensures that overall organizational strategy supports financial sustainability, expands capacity to invest in the communities, and translates into measurable results
- Reports financial results to the CEO and board with recommendations for achieving goals
- Develops the financial plan and annual budgets for the organization and its affiliates
- Directs long-term revenue and cost management to advance the strategic plan
- Monitors progress and presents operational metrics to internal and external stakeholders
- Oversees management of payers including Medicare, Medicaid and city agencies
- Oversees management of fee for service models where appropriate
- Presents cash flow analysis and reports to CEO and Senior Leadership on a regular basis
- Ensures vendors are paid timely
- Lead transition to a centralized purchasing system for RiseBoro and its affiliates
Manages Risk and Financial Compliance:
- Supervises the Operations and Risk Manager
- Mitigates financial and operational risks including insurance coverage with regular reports to the CEO and the Board
- Actively assess and mitigate risks
- Certifies audits, financial statements, files tax returns, and submits required reports to regulators on a timely basis
Manages Financial Operations and Directs Financial Reporting:
- Supervises the Controller and Vice President of Financial Operations
- Sets financial policy in accordance to the organization’s overall strategy and directives with oversight by the CEO
- Develops tools and systems to provide critical financial and operational information to the executive team and makes actionable recommendations on strategy and operations
- Assesses organizational performance against annual budget and long-term strategy and KPIs
- Ensures that all financial information is compiled in financial statements, with accompanying disclosures, and presents this information to various internal and external stakeholders
- Ensures that the finance staff maintains financial record systems and processes in accordance with Generally Accepted Accounting Principles, and monitors the use of all funds
Supervises Human Resources (HR) Functions:
- Supervises the Vice President of Human Resources
- Develops the organization’s human capital ethically and effectively
- Sets and builds a performance culture for the organization that unleashes community capacity
- Serves as a key member of the executive team on union and labor relations activities
Oversees Information Technology (IT) Functions:
- Supervises the Vice President of Information Technology (position to be filled)
- Oversees and manages corporate IT processes for the organization
- Sets strategy for effective information technology investments and deployment
- Ensures technology deployments that harness potential and support productivity
- Reviews and establishes policies for information technology and related compliance
- Ensures that RiseBoro implements competitive data security practices
- Bachelor’s Degree in accounting, finance or a related discipline; MBA and/or CPA strongly preferred.
- Minimum of 10 years’ financial management leadership experience with increasing levels of responsibility
- Significant experience overseeing Information technology, human resources and other administrative operations for an organization
- Significant financial responsibility for a complex nonprofit organization preferred; familiarity with the financial complexities of housing and real estate development required
- Strong written and oral communicator with excellent presentation and organizational skills
- Proven high standards of performance, eager to pursue aggressive goals, and works hard and smart to achieve them. Must be persistent, decisive, resourceful, proactive, and results-oriented
- Fully grasps programmatic activities and can convey information to people with varying levels of financial expertise
- Capable of managing difficult situations with tact and diplomacy
- Ability to work well in teams, as well as independently, and must be able to collaborate and build consensus internally and externally.
- Proficient with spreadsheets, analytical tools and financial and administrative software
- Knowledge of Union and Labor relations is strongly preferred
- Experience building culture and human capital preferred
RiseBoro is an equal opportunity employer. Women and People of Color are strongly encouraged to apply.
RiseBoro Community Partnership has retained the services of Harris Rand Lusk to conduct this search. Inquiries, nominations, and applications may be directed in confidence to:
Anne McCarthy, COO
Harris Rand Lusk
122 East 42nd Street, Suite 3605
New York, NY 10168
Please put “RiseBoro CFO” in the subject line of your e-mailed application.