Chief Financial Officer

2 days ago

City of Daşşak NY United States On-Ramps Full time
About the Organization

The Vera Institute of Justice is powered by hundreds of advocates, researchers, and policy experts working to transform the criminal legal and immigration systems until they're fair for all. Founded in 1961 to advocate for alternatives to money bail in New York City, Vera is now a national organization that partners with impacted communities and government leaders for change. We develop just, antiracist solutions so that money doesn't determine freedom; fewer people are in jails, prisons, and immigration detention; and everyone is treated with dignity. For more information, visit vera.org.

Vera has a staff of 240 people, has headquarters in Brooklyn, New York and offices Washington, DC, Los Angeles, and New Orleans. We are an equal opportunity employer with a commitment to diversity in the workplace. We expect our staff to embody respect, independence, collaboration, commitment, anti-racism, and equity—both in our outward-facing work and the internal culture of our workplace. We value a range of experiences in people's educational backgrounds and encourage people who have been directly impacted by the criminal justice system to apply.

About the Role

What You'll Do

The Chief Financial Officer will oversee a current team of 11 and has two direct reports – Director of Finance and Operations Manager. Under a philanthropic (contributed revenue) model, the CFO will ensure accurate and defensible projections, model the budget across multiple years, and be responsive to the incoming revenue. They will support an organizational budget of $50M. Mission critical objectives for the CFO in year one include:

  • Evaluate, refine and perfect revenue reconciliation, budget management and other processes to improve foresight and decision-making
  • Evaluate Institute cost structures and processes and produce recommendations for greater performance and efficiencies
  • Assess staffing and capacity of finance team to ensure high functioning in new business model
  • Establish routine forecasting capability and processes

Reporting directly to the President & Director, Nicholas Turner, and joining as a member of the Leadership Team, the CFO will be the organization's key financial leader, responsible for providing strategic counsel, driving the effective delivery of financial strategy, management, and planning, and championing and rallying the team on driving business priorities, managing through from conception to execution. The CFO will maintain the highest level of confidentiality of all information to which they have access.

Key Responsibilities

Organizational Leadership

  • Serve on Vera's leadership team, developing and executing organization-wide strategies
  • In close working partnership with the President, shape the Institute's financial strategy
  • Manage financial capital and communicate capital requirements / implications of business decisions to President and the board
  • Communicate effectively with Vera's Board of Trustees, especially the Finance & Investment and Audit & Risk Committees, to ensure all Board members clearly understand the organization's strategy, financial health and sustainability
  • Conduct meaningful proactive analysis to improve key business decisions focusing on management of working capital, use of financial vehicles, and others
  • Provide useful financial insights to help make better decisions about formulating and executing business strategy
  • With the support of the Director of Finance, and in partnership with the Chief of Staff, drive the annual budget process
Financial Management and Oversight
  • Serve as the organizational leader in all areas of finance and budget management
  • Support leadership team, Board, program, and development teams through financial modeling and data-driven analysis
  • Ensure effective cash flow management and support the Finance & Investment Committee in managing organization's board designated fund and endowment
  • Establish and strengthen internal processes required to manage the fiscal health of the organization, such as monthly revenue reconciliation and monthly monitoring and reporting
  • Ensure the integrity, accuracy, and usefulness of all financial reports
  • On behalf of the finance committee, manage the relationship with the investment manager and ensure the investment approach aligns with organizational values
Team Development and Management
  • Lead the finance team, providing strategic direction, coaching and supervision to direct reports
  • Promote a team-oriented culture of high performance and continuous improvement that values a commitment to diversity, equity and inclusion; encourage ongoing education and professional development
  • Create a culture of service excellence; supporting the finance team to work in partnership with staff across the organization to understand budgeting and reporting, as needed
Who You'll Work With
  • You will report to President & Director, Nicholas Turner.
  • You will supervise a current team of 11 and have two direct reports – Director of Finance and Operations Manager.
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