CHIEF FINANCIAL OFFICER
New Leaders is a national nonprofit that develops transformational school leaders and designs effective leadership policies and practices for school systems across the country.
In our first decade, we trained almost 800 leaders, impacting nearly a quarter million students in high-need schools across the country. Students in New Leader schools consistently achieve at higher levels than their peers, have higher high school graduation rates and are making progress in closing the achievement gap.
As we enter our second decade, we are broadening our work in order to reach more students with greater impact. Beyond training new principals, we are now developing transformative leaders throughout schools and school systems – from teacher leaders and assistant principals to veteran principals and district managers. We are also working with school systems to build the kinds of policies and practices that allow strong leaders to succeed in driving academic excellence for students.
New Leaders currently runs programs in Baltimore, California’s Bay Area, Charlotte, Chicago, Jefferson Parish, LA, Memphis , Newark, NJ, New Orleans, New York City, Prince George’s County and Washington, DC. Please visit our web site www.newleaders.org to learn more about our organization and visit the News/Reports section for media coverage about New Leaders.
Our ideal candidates understand and actively support the importance of a workplace which thrives on diverse cultural backgrounds, ethnicities, heritage and race, gender and sexual orientation, abilities and ideas–someone who embraces the fact that differences makes us stronger, and who is committed to creating and maintaining an open and equitable work environment inclusive of everyone.
As a key member of the Executive Team, the Chief Financial Officer (CFO) will report directly to the Chief Executive Officer and assume a strategic role in the overall management of the organization. The CFO will have primary day-to-day responsibility for planning, implementing, managing and controlling all finance and accounting related activities including budget management, monthly close, monthly reporting, forecasting, financial analysis, business planning and strategic planning as well as facilities management and all strategic and tactical information technology work across the organization, including but not limited to ensuring high quality and timely planning and execution of technology support and solutions for New Leaders’ programs and operations.
Reporting to this position will be:
• The Finance & Accounting Team
• Business Solutions Team, and Technology & Communications Services Team
Responsibilities include but are not limited to:
• Develop the finance & accounting strategy and metrics for the organization including debt management, financing, cash flow management, etc.
• Act as the Finance and Accounting Subject Matter Expert for the organization
• Create and manage strategic relationships with external Finance & Accounting service providers, including banks and auditors as well as establishing and maintaining strong relationships with internal senior executives to identify their needs and provide a full range of business solutions.
• Collaborate with the executive team and other individuals on operational issues as they arise; provide strategic recommendations based on financial analysis, projections and other relevant data as appropriate.
• Provide advice, counsel and creative approaches for managing emergent finance, accounting, information systems, facilities and business issues as necessary.
Strategy & Business Planning:
• Work with Chief Executive Officer and executive committee to ensure annual budgets enable New Leaders to implement strategic and business plans
• Establish and oversee the annual budgeting process, including discussion with all senior managers and Board of Directors.
• Ensure alignment of organizational technology strategy, tactics and capital investment to business strategy, program and organizational needs.
Financial Management & Accounting
• Lead all aspects of fiscal oversight, planning and management for the organization.
• Lead development of financial policies and procedures.
• Oversee cash flow planning and management, including weekly updates to cash flow forecasts.
• Oversee and direct treasury, investments, banking, internal controls and compliance.
• Oversee implementation of organization-wide finance initiatives.
• Strategic management and oversight of multiple types of funding sources including, federal, state, local government, private foundations, etc.
• Work with the Executive Director of Finance and the Audit Committee of the Board of Directors to ensure that the annual audit of the organization meets the highest standards of operational quality for non-profit organizations.
• Represent the company to financial partners, including financial institutions, investors, foundation executives, auditors, public officials, etc.
Analysis & Reporting
• Generate and distribute full monthly financial package for management and Board and meet with appropriate management levels to discuss variances.
• Oversee and conduct on-going financial analysis related to budgets, project management, capital investments and development activity, including expansion and cost cutting analyses, to support and guide organizational decision making.
• Communicate finance, facility and information technology related priorities and provide updates to individual departments and program teams, keeping the organization’s managers informed of their own performance against budget and related benchmarks.
• Ensure smooth operations within all Finance & Accounting areas of responsibility, including the design of systems and processes for functional areas such as: cash management, accounts receivable, accounts payable, month end close, and financial reporting,
• Oversee design and updates to financial systems.
• Manage all staff focused on Business Solutions Team, and Technology & Communications Services Team, with the objective of driving extraordinary internal operations and program efficiencies of the organization.
• Build a top grade finance and information technology team that is highly responsive to the needs of the organization and strategic, cost effective and efficient in responding to those needs.
• Manage insurance issues across the organization included but not limited to corporate insurance renewals, claims management, and related risk management issues.
• Oversee facilities and Information Systems and Technology Services Team, ensuring organizational and program needs are met within an effective, efficient and affordable framework.
• Passionate belief that all students can achieve success through education; strong commitment that great schools are led by great leaders.
• Bachelor’s degree in accounting or finance required; MBA, CPA, strongly preferred.
• Seven to ten years experience in financial management preferably in a non-profit organization.
• Extensive knowledge of Generally Accepted Accounting Principles preferably with an emphasis in Not For Profit Revenue Recognition
• Strong interpersonal skills, ability to communicate and manage well at all levels of the organization and with staff at remote locations
• Effective problem solving skills and the ability to exercise sound judgment and decision making
• Strong collaboration skills with the ability to work with multiple partners and peers across the organization to achieve project and operational results.
• High level of integrity and dependability with a strong sense of urgency and results-orientation.
Compensation package is commensurate with experience and includes competitive benefits package and 401K.
Additional information about New Leaders can be found at our website:
Important Application Notes:
If you are planning to apply for more than one position,
Please specifically address each position you are applying for in your cover letter.
If after submitting materials you decide to apply for an additional position, please re-write your cover letter to reflect this and resubmit. If you do not indicate your interest in a position, you will not be considered for it.
Although we encourage you to apply for any positions you are both interested in and consider yourself qualified for, we ask you to be careful when attaching yourself to more than one requisition.
Your cover letter should include:
• An explanation of your interest in the New Leaders mission
• An explanation of your interest in the position for which you are applying
• An explanation of anything unusual in your resume (more than one year employment lapse or a major shift in your career interest)
New Leaders is an equal opportunity employer. New Leaders evaluates applicants for employment on the basis of qualifications, merit and work-related criteria without regard to race, color, religion, sex, national or ethnic origin, age, sexual orientation, mental or physical disability, pregnancy, childbirth, medical condition, marital or familial status, family responsibilities, veteran status, personal appearance, political affiliation, matriculation, or any other characteristic protected by law. All applicants will receive consideration for employment regardless of such status.
Please note all offers of employment are subject to and contingent upon the successful completion of a background check