IMPACCT Brooklyn has retained the services of Harris Rand Lusk to conduct this search. Inquiries, nominations and applications may be directed in confidence to:
Anne McCarthy, Chief Operating Officer
Harris Rand Lusk
260 Madison Avenue, 15th Floor
New York, NY 10016
Email cover letter and resume to: firstname.lastname@example.org
Please include “IMPACCT CFAO” in the subject line of your emailed application.
IMPACCT Brooklyn is one of Brooklyn’s premier nonprofit community development corporations providing services borough-wide. The organization works hand-in-hand with low- and moderate-income community members and stakeholders to preserve and develop affordable housing, promote commercial revitalization to strengthen local businesses, create homeownership opportunities, protect tenant rights, combat predatory lending practices and prevent home-loss. Founded as Pratt Area Community Council, Inc. nearly 60 years ago, IMPACCT Brooklyn now serves as a catalyst for neighborhood stabilization and revitalization with a focus on Central Brooklyn and has brought people together to build an equitable, diverse, engaged, and flourishing community.
IMPACCT Brooklyn has a budget in the $6 million range which supports a dedicated staff who work tirelessly to insure that people in the community are able to afford to live in Brooklyn. IMPACCT Brooklyn controls about 1010 units of affordable and supportive housing and has an active pipeline. The work will continue to build and the organization needs to ensure that the Executive Director and the senior team have the financial tools and resources to carry out their duties, including the development of affordable and supportive housing. Guiding the financial planning and supporting the ED and the team is the work of the new Chief Finance and Administrative Officer.
IMPACCT Brooklyn is seeking a smart, strategic, highly skilled, energetic and experienced financial executive who has proven leadership in significant management positions to become its new Chief Finance and Administrative Officer (CFAO). Reporting directly to the Executive Director, the CFAO will be responsible for all financial management activities, including budgeting and financial planning as well as oversight of the administrative functions. The CFAO will provide counsel and advice to the executive staff and the Board on all fiscal matters and will oversee and implement financial policies and plans for IMPACCT Brooklyn. The CFAO will also be able to think strategically about fiscal issues related to the changing environment faced by nonprofits in the housing, human services, and community development arenas.
The successful candidate must be able to work closely and collaboratively with the Executive Director and other members of the senior management team and be able to integrate smoothly into the senior management at IMPACCT Brooklyn, fitting into the organization’s collaborative and inclusive culture. They must be passionate about the organization’s work and be able to work with the Board and staff in a collegial, supportive and direct manner in a spirit of mutual trust and with a minimum of ego.
They will be highly collaborative and have the ability to build cohesion and coordination among a diverse team working on a wide range of projects across multiple functions, addressing and solving problems as they arise. The successful candidate will have strong interpersonal skills, excellent written and oral communication skills, a hands-on management style, have an ability to listen, and be inclusive of ideas. In addition, they will be diplomatic, of the highest integrity, and possess sound judgment as well as a sense of humor.
Specific Responsibilities include:
- Oversee the Finance and Asset Management Departments of the organization, including the supervision of the leadership of these areas.
- Serve as a member of executive leadership working closely with the Executive Director, Housing Development, Asset Management, Human Resources, Program staff and other key stakeholders on all financial matters, making recommendations and suggesting pro-active strategies to keep IMPACCT Brooklyn on track.
- Serve as staff liaison to the Board Finance Committee and attend committee and board meetings.
- Provide oversight for and manage all budgets, forecasts and internal financial plans and processes.
- Support accounting, general ledger, and operations functions, ensuring that systems are in place to guarantee timeliness and accuracy.
- Drive best financial practices within IMPACCT Brooklyn, keeping the senior leadership team and Board up to date on its financial status and by generally serving as a point of reference for all growth plans and projects within IMPACCT Brooklyn.
- Review short and long-term goals in light of existing and projected financial resources available.
- Create data-based long- and short-term goals, budgets, and forecasts.
- Participate in all internal planning regarding IMPACCT Brooklyn’s proposed program expansion, to ensure alignment of program, outreach, and training plans with financial projections.
- Establish annual priorities and benchmarks and conduct regular reporting, measuring projections against actual performance.
- Generate weekly, monthly, quarterly, and annual reports as needed to monitor, evaluate and optimize cash-flow and liquidity.
- Manage and build relationships with banks, insurance providers and consultants, donors, vendors, outside consultants and others as needed to keep close to IMPACCT Brooklyn’s major expenditures and sources of revenue.
- Work with Executive Director and Senior staff in the creation of vendor Request of Proposals/ Qualifications
- Utilize technology to optimize all reporting and analytical functions.
- Ensure that IMPACCT Brooklyn meets critical regulatory and legal compliance benchmarks.
- Keep up with new trends in the financial industry by attending conferences, participating in professional development and sharing this information with the senior leadership team.
- Bachelor’s degree in finance, accounting or related field required; advanced degree in a related field, MBA and/or CPA preferred.
- Minimum of 10 years related experience in a complex organization, preferably in a nonprofit affordable housing agency or a related field.
- Demonstrated leadership ability, team management and interpersonal skills.
- Knowledge of generally accepted accounting practices and principles as relevant to nonprofit entities.
- Knowledge of internal control systems used for general accounting principles and specialized nonprofit industry accounting practices and procedures.
- Deep commitment to diversity, equity, inclusion, and belonging.
- Collaborative working style with demonstrated ability to work with colleagues to balance program and administrative concerns and perspectives in fashioning solutions.
- Acumen in maintaining accurate financial records and preparing clear and accurate reports for informational, auditing and operational use.
- A high degree of emotional intelligence and the ability to interact effectively with the senior management team, Board members, program staff, and external stakeholders, including funders.
- Creativity and flexibility.
- Ability to read, analyze, interpret and explain complex financial data.
- Ability to work independently, prioritizing workflow to meet critical deadlines and paying exceptionally close attention to detail.
- Excellent written and oral communication skills.
- Commitment to the mission and goals of IMPACCT Brooklyn and a demonstrated commitment to public service.
- Knowledge of Office Suite and Excel and familiarity with software like Salesforce, Financial Edge, Yardi and Blackbaud.
For more information about IMPACCT Brooklyn, please visit their website at www.impacctbrooklyn.org
- COVID-19: All employees must show proof of vaccination for the COVID-19 virus, including booster shots.
- The work is currently hybrid with a requirement of 2 days/week in the office and as needed
- Anticipated salary is up to $150,000 per year, plus benefits.
All positions at IMPACCT Brooklyn are filled without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity or expression, disability, HIV/AIDS status, veteran status or any other characteristic protected by law. All are encouraged to apply.