For over 45 years, Covenant House New York (CHNY) has been a leader in providing residential services to vulnerable homeless, runaway and exploited youth. As the largest provider of runaway and homeless youth services in New York City, CHNY provides shelter and comprehensive services to 250 young adults aged 16-24 each day, and over 1,900 annually. CHNY's doors are open to all young people who need help, regardless of their race, religion, sexual orientation, gender identity or expression.
CHNY meets the immediate needs of vulnerable youth by providing housing at its Youth Shelter, which is open 24/7 every day of the year, three meals each day in its cafeteria, laundry, clothing and toiletries as needed, as well as 24/7 case management services. In addition, CHNY's continuum of care includes a wide array of holistic supportive programming including an onsite Federally Qualified Health Clinic; full time psychiatric and psychological services; a Day Treatment Program, employment and education services including onsite GED and vocational classes; legal services; an anti-human trafficking unit to provide expert support to affected youth; and a wide array of youth development activities including recreational and fitness programming.
CHNY facilitates its services using trauma-informed principles to help homeless youth leave the streets and achieve independence. CHNY also advocates for systemic change through public policy while promoting awareness of critical issues related to youth homelessness. CHNY's mission is to help each young person find safety and refuge from the dangers of living on the streets, by providing its services with compassion, unconditional love and absolute respect.
CHNY is seeking a Chief Financial Officer (CFO) to lead the company's vital finance function. Reporting to the Executive Director and working closely with senior leadership, the CFO will take a lead role in driving financial strategy after recent, rapid growth. In partnership with the executive team, the Board, and leaders of the parent organization, Covenant House International, the CFO will capitalize on opportunities and proactively address challenges to ensure CHNY is able to advance its work through organizational business planning, the development of agency-wide financial and administrative objectives and policies, as well as the implementation of best business practices.
As the leader of the finance function, the CFO will manage a team of six and an overall organizational budget of $28M, while overseeing forecasting, financial reporting, accounting, purchasing, and grants. The CFO will advise and partner with teams across the organization to further develop internal controls to mitigate risk and safeguard assets of the agency by providing financial expertise, establishing strong systems, refining processes, and developing strong financial literacy to ensure accountability and ownership organization-wide. The CFO will ensure the highest standards of financial management and guide how the company manages incoming philanthropic dollars and government grants, expenses and overall cash flow in an inherently dynamic and fluid environment that includes a robust and diverse array of programming for its constituents.
This is an exciting opportunity for a collaborative and seasoned financial leader who is passionate about helping vulnerable youth facing homelessness to transform their lives.
Organizational Leadership & Strategy
Partner with the executive team to develop and manage a financial plan, including the financial oversight of a current capital campaign designed to increase accessibility and programming
Advise the ED and executive team on the organization's financial performance and long-term financial planning; report financial information and trends to a range of audiences as well as manage relationships with the boards and senior leadership of both CHNY and Covenant House International
Partner with the ED and executive team on key strategic issues and decisions, informed by rigorous financial analyses, risk assessments, "what if" scenario modeling, and due diligence
Shape an organization-wide culture of financial accountability, empowering team members to take ownership of their team's budgeting and financial needs
Foster a culture that encourages both growth and innovation and supports diversity, equity and inclusion throughout the organization and the work
Manage all finance and accounting functions, including day-to-day financial reporting, working capital/cash management, FP&A, financial controls and risk management
Improve current systems and software for financial reporting and tracking to enable a more efficient and transparent workflow
Develop and manage dynamic financial and business planning models, along with performance metrics, that drive the development of monthly and quarterly reports and the annual budgeting process
Ensure effective and compliant business operations, where risk is evaluated and mitigated on an ongoing basis; ensure adequate insurance coverage for the corporation
Recognize and anticipate opportunities and challenges related to financial systems and processes
Establish strong external relationships and negotiate with creditors, service providers, and other financial entities
Ensure all financial audits and related filings are completed on-time and in good standing
Lead a team of six across the the Finance and Accounting departments
Communicate a compelling vision and strategy for the finance function as well as the team, and collaborate with each team member to set individual goals to drive successful execution of that strategy
Identify and amplify talent across the team, managing and mentoring individuals to achieve ambitious results, while fostering a high standard of excellence and accountability
Support team members' learning, development, and career growth
Build a team culture of optimism, excellence, transparency, and adaptability in a rapidly changing environment
Covenant House New York is an equal opportunity employer. On-Ramps, as an organization deeply committed to diversity, equity, and inclusion, is partnering with the team at CHNY to build a diverse team that reflects the community it serves. We encourage candidates from all backgrounds to apply. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, familial status, sexual orientation, national origin, ability, age, or veteran status.
The ideal candidate will possess the following qualifications:
10+ years of financial leadership experience; 15+ years of total experience
At least five years of experience leading the finance function for a growing nonprofit organization; familiarity with managing grants reporting -- particularly government grants and restricted funds required
Exceptional strategic and analytical skills, including financial planning, forecasting, modeling and data analysis
Experience working with and implementing a suite of financial reporting and donor-tracking software; familiarity with the Sage + Intacct platform is a huge plus
Track record of providing enterprise-wide financial planning and analysis to support decision-making, budget development and budget management
Demonstrated ability to build relationships with and engage diverse, high-level board members and senior team leaders
Track record of success in leading and mentoring high-performing teams
Ability to lead during periods of change, with a sense of calm, optimism, and pragmatism
Capacity to thrive in a fast paced, complex organization, working with teams that have competing priorities and unpredictable schedules and agendas
Strong communication skills; confidently and clearly conveys information and the rationale for decisions
Curiosity and desire to acquire new knowledge when faced with problems, with an ability to quickly change a plan and delegate tasks in response to to new learnings
Teaching orientation when working with others; able to translate complex information and empower others to utilize financial information when making decisions
Additional Salary Information: Salary will be competitive and commensurate with experience, and will include a comprehensive benefits package.
Internal Number: 1901
About Chief Financial Officer Covenant House New York
On-Ramps is an executive search and consulting firm serving mission-driven organizations in the social sector. When you work with us, you can expect: Higher standards. Comprehensive service. A deeply knowledgeable team. Exceptional, thoroughly vetted candidates. But best of all, you can expect a partner that shares your desire to create social change