Bowery Residents' Committee
Chief Financial Officer, New York, NY
CHIEF FINANCIAL OFFICER
Helping people reclaim lives lost, BRC restores hope and dignity by offering opportunities for health and self-sufficiency.
Are you inspired to be part of a collaborative team, providing critical life-saving tools, offering a hand up and a way home for the most vulnerable New Yorkers?
Are you an open and communicative leader who builds a work culture of diverse and inclusive teams poised to work across a complex organization with an unwavering commitment to collaboration, transparency, quality, and innovation?
Are you a creative entrepreneurial leader with passion to build upon successful acquisitions and continued growth?
Are you results-focused, eager to thrive in an outcomes-driven community where details matter and nothing less?
If so, then we invite you to keep reading and think about the untapped opportunities for you to make a positive impact and lasting difference in the lives of those in your community.
For 50 years, BRC has been one of New York City's leading nonprofit organizations committed to breaking the cycle of homelessness. BRC provides caring and effective services and housing to more than 10,000 vulnerable individuals each year. Employing a holistic approach, BRC operates 30 programs and services ranging from outreach to the unsheltered homeless, transitional housing and shelter, permanent housing, substance abuse treatment, mental and physical health services, and workforce development and senior services.
Headquartered in the Chelsea neighborhood of Manhattan, BRC has approximately 1,200 employees and an operating budget of more than $120 million. BRC operates its programs in 24 locations. The organization expects to engage in approximately $200 million in capital construction over the next five years.
RESPONSIBILITIES AND PRIORITIES
The Chief Financial Officer (CFO) reports to the CEO and leads a team of 15. They will establish a strong working partnership with the CEO built on trust, transparency, and shared vision and together will create a flexible, multiyear financial plan and provide support to the entire staff. As a member of the Executive Leadership Team, the CFO is responsible for overseeing development of strategy and the day-to-day operations of the finance department. They will work with the CEO, support the Board of Directors and its Finance and Audit Committees, and participate in the deliberations of the Real Estate Committee, as appropriate. The CFO values the vision, mission, and strategic direction of the organization and will ensure that BRC meets the highest standards of financial integrity and service to the agency's Board, senior staff, and program staff. The CFO will oversee all financial systems and functions throughout the organization their processes, procedures, and infrastructure to support the organization's programs and operations and facilitate financial decision making and discipline.
Financial Management and Analysis
Provide financial reports and analysis to inform programmatic, long-range strategic planning, creativity, flexibility, and responsiveness. Communicate financial information and recommendations to the CEO, the Finance Committee of the Board, and other senior executive management staff in a timely manner. Ensure that optimal financial controls and reporting systems are in place and continuously monitored. Oversee the financial aspects of capital projects. Work with counsel on real estate, banking, and governmental issues. Oversee change management, business process redesign, and systems implementation.
Audit and Compliance
Coordinate and oversee annual audit preparation and tax filings. Serve as primary liaison for numerous ongoing external audits from funders and regulators, and oversee implementation of new internal audit program. Work with outside auditors and internal accountants to ensure that the organization is current on all accounting procedures, compliant with GAAP. Ensure overall compliance and anticipate the implications of any accounting rule changes. In particular, ensure satisfactory compliance with lender and LIHTC investor reporting requirements for numerous real estate endeavors.
Develop annual program and operating budgets in cooperation with the Executive Leadership Team and provide confidence to the CEO and relevant Board committees on the integrity of the budget. Develop and track capital budgets and operating budgets on a monthly and an annual basis. Provide quarterly reports of budgeted versus actual activity to the CEO and the Board Audit and Finance Committee. Support all financial aspects of development department proposals and reports, particularly with respect to compliance of government contracts.
Oversee banking relationships and provide support to the appropriate Board committee responsible for the investments of the organization. Ensure management of accounts payable and accounts receivable. Oversee cash management/banking activity for the organization.
Manage relationships with insurers, monitor and evaluate policies, and optimize risk management. Develop and oversee comprehensive ERM (enterprise risk management) program, including financial, legal, reputational, and environmental risks to organizational success.
Real Estate Development
Help oversee new business development/forecasting and expansion considerations. Attract, review, and approve acquisition offers or joint venture partnerships. Review and approve financing structures for projects as well as contracts with development team partners. Assess and minimize risk to the organization.
Participate in and represent BRC in industry associations, conferences, and task forces on the sector.
IDEAL EXPERIENCE AND CHARACTERISTICS
- Recognized leadership and expertise in financial controls, business planning, and strategy, administration, and nonprofit accounting. Experience in a large, diverse, and complex nonprofit or government agency and/or business entity, provided there has been meaningful exposure to the nonprofit and public sectors.
- Experience with rapid large-scale growth.
- A passion for helping others.
- Knowledge of New York City governmental agencies and processes.
- Effective verbal and written communicator.
- Familiarity with issues related to managed care and low-income tax credit-supported housing.
- Strong commitment to customer service.
- Experience working with an engaged and committed board of directors and committee chairs.
- Strong knowledge and comfort level with technology and systems.
- Ability to engage multiple transactions simultaneously and adapt to rapidly changing circumstances.
- Creative problem-solver.
- Impeccable integrity and professionalism.
- Sound judgment.
- College and graduate degrees preferred, but alterative educational experiences will be considered.
For more information about BRC and its programs, please visit https://www.brc.org/.
BRC seeks a diverse pool of candidates. Salary will be negotiable, commensurate with experience.
Applications, including cover letters and resumes, and nominations, should be sent to the attention of Paul Spivey at BRC@PhillipsOppenheim.com.