Director I, Financial Planning & Analysis
New York City, New York
Hybrid
Anticipated deadline to submit application: November 18, 2024 by 9am EST. Position may close early if application limit is met. Apply promptly for full consideration.
The Opportunity
The Director, Financial Planning & Analysis (FP&A) drives strategic financial initiatives and delivers insights that support the organization’s growth and operational efficiency.
They collaborate closely with senior leadership and cross-functional teams to develop and implement financial strategies that align with our organizational goals. A primary initial focus will be leading the team to build out a suite of management reports and financial management tools and models.
As part of our mission, we strongly encourage individuals who have lived experience of incarceration or involvement in the justice system to apply for this role.
Who We Are
The Center for Employment Opportunities (CEO) provides employment services to people recently released from incarceration. Across the United States, 8,000-9,000 people participate in CEO each year, transitioning to employment that supports themselves, their families, and their communities.
What began as a demonstration project of the Vera Institute of Justice in the 1970s to address employment barriers facing the formerly incarcerated following release in New York City has grown into the leading reentry employment organization in the country, where over 30,000 formerly incarcerated individuals have secured full-time employment since 1996.
Who You Are
- You have a commitment to CEO’s mission and values
- You are an effective multitasker capable of meeting deadlines with accuracy in a fast-paced environment.
- You are flexible and adaptive, seeks out opportunities to improve processes and evolve financial operations
- You have good written and oral communication skills
- You have the ability to maintain composure in ambiguity
- You have the ability to form strong and meaningful work connections with your colleagues
- You are transparent handling of financial matters; ability to avoid even the appearance of conflicts of interest
- You have at least 7+ years’ experience in finance, budgeting, analysis management in the not-for-profit industry
- You have a bachelor’s degree required with preference for finance, accounting, or business administration. Master’s degree preferred
- You possess superb analytical and financial modeling skills and the ability to analyze raw data
- You have a strong knowledge of the Generally Accepted Accounting Principles (GAAP), Generally Accepted Auditing Standards (GAAS), and Financial Accounts Standards Board (FASB) pronouncements.
- You have an excellent understanding of non-profit budgeting, planning, reporting, analysis, and costing/profitability methodologies and processes; familiarity with common non-profit business and cost drivers and financial statement analysis
- You have some knowledge of grants management as it relates to compliance and reporting of government, corporate and foundation grants. Experience with funding and reporting requirements for Department of Corrections and Community Supervision (DOCCS), Supplemental Nutrition Assistance Program (SNAP), Caltrans, Division of Criminal Justice Services (DCJS), NY Dept. of Probation, Workforce Accelerator Fund, and American Rescue Plan Act (ARPA) highly preferred.
- You are proficient to expert level computer skills, including high-level knowledge of Word, PowerPoint, and Excel (Pivot tables and VLOOKUPs). Working knowledge of Adaptive Insights and Intacct a plus.
What You’ll Be Responsible For
Key responsibilities of the Director, Financial Planning & Analysis include but are not limited to:
Strategic Planning & Management:
- Oversee and lead financial planning and analysis for org-wide operations and operational areas (i.e., Programs, Jurisdictions, Departments, etc.)
- Conduct scenario modeling for the organization to inform decision-making
- Offer high level support, partnership, and consult for Executive and Senior Leaders in scenario planning and building / refining budgets
- Interpret and evaluate business trends, including budget variances and key performance indicators, to identify and report on areas of risk and opportunity
- Communicate, engage, and ensure senior management is up to date on business trends, variances, performance indicators, and areas of risk
- Analyze operational issues affecting the organization and determine their financial impact; identify and analyze opportunities for increased efficiencies, expense savings, and revenue enhancements
- Assess financial risks and develop strategies to mitigate potential impacts on the organization alongside Senior Management and Program Leaders.
Budgeting, Forecasting, and Reporting
- Lead and manage the annual operational and capital budgeting process and long-term financial planning for CEO’s budget of $120 million+, ensuring financial sustainability and prudent fiscal management
- Design management reports (including detailed budget vs. actual) and dashboards that provide insights and enable sound business decision-making; lead team to manage the timely distribution of reports
- Provide oversight and development of forecasts, analyses, key performance indicators for:
- general financial outlook and future business growth
- investments, P&L, Balance Sheet, cash flow, causes of variances vs. plan, and other areas
- Maintain understanding of financial analytics, reporting, and technology and recommend solutions that meet the needs of the team and organization that advance our practice
Team Management
- Manage the FP&A team, fostering a culture of continuous improvement and professional development
- Identify and implement best practices and process improvements in budgeting, forecasting, and reporting across the department. Identify ways that current technology can be enhanced through modifications/new software/training, etc.
- Serve as an active and proactive contributor and collaborator of the larger Finance team, including leading/engaging in team meetings and supporting colleague projects
- Perform other duties as assigned
Deliverables
FIRST FOUR TO SIX WEEKS:
- Build out comprehensive cash flow model for FY25 and FY26, mapping true timing of cash receipts based on invoicing schedule
- Create program/geography P&Ls, otherwise known as operating surplus analysis by funder.
- Support Cash collection efforts as appropriate
- Preparation for and comprehensive support of Q1 variance meetings (e.g. prepare dashboards & financial report formatting, note taking, follow up)
FIRST EIGHT WEEKS:
- Preparation for and comprehensive support of Q1 variance meetings (e.g. prepare dashboards & financial report formatting, note taking, follow up)
- Start building out monthly management reports to be delivered dynamically (manually initially if necessary.) Work with accounting as needed to assess monthly close process and modifications required for regular monthly reporting. (See sample from PEC)
- Senior Management: CEO, President, GC, EVP, and DEDs
- Program leader monthly reporting (RD + SD + SEMs)
- Begin to build out framework for FPA Manual and Finance department guidebook (See sample from PEC)
Compensation and Benefits
The salary range for this position is $120,800-142,500/annually. CEO's compensation philosophy considers a variety of factors including experience, internal equity, and the labor market associated with the city in which the position is located. The labor markets associated with the cities in which CEO is based are variable, and the salary range included here reflects this. Our salary offer will fall within this range and will be reflective of the labor market of the city in which the position is based, as well the other factors named above.
We recognize that salary is a part of the overall compensation package and also provide a comprehensive benefits package, including medical and dental coverage, as well as professional development opportunities to our staff.
We also offer paid parental leave, participation in a retirement plan, sick and vacation leave, paid holidays and more. We are a workplace that promotes continual learning and teamwork, offering lunch and learns, team outings, holiday gatherings and more for our staff.
More About Us
The Center for Employment Opportunities believes that everyone deserves the chance to shape a stronger future for themselves, their families, and their communities. Our commitment to being an anti-racist organization that is inclusive across all identities and experiences drives us forward every day. We exist to create greater opportunities for people who face multiple barriers to personal and professional success, and we’re passionate about being agents of change who promote diversity, equity, inclusion, and access to opportunities for all.
People who are justice involved, people of color, people who identify as LGBTQ+ , and people with disabilities are highly encouraged to apply for vacant positions at all levels. CEO’s commitment to DEI aligns with the CROWN Act, creating an open space where our employees can present as their true authentic selves. We are an equal employment opportunity for all regardless of race, color, citizenship, religion, national origin, sex, sexual orientation, gender identity or expression, age, disability, veteran or reservist status, or any other category protected by federal, state, or local law.
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