NYJTL has retained the services of Harris Rand Lusk to conduct this search. Inquiries, nominations, and applications may be directed in confidence to:
Anne McCarthy, COO
Harris Rand Lusk
260 Madison Avenue, 15th Floor
New York, NY 10016
Please put “NYJTL CFO” in the subject line of your e-mailed application.
New York Junior Tennis & Learning (NYJTL), a highly regarded nonprofit organization providing after school educational enrichment and wellness programming and tennis training for children in under resourced and underserved communities in NYC, is seeking an outstanding financial leader to join its leadership team as Chief Financial Officer (CFO).
NYJTL was founded by Arthur Ashe and Skip Hartman, who wanted to bring tennis to children in underserved New York City communities who would not otherwise have access to courts and lessons. Over the years NYJTL has served tens of thousands of children in New York City with afterschool and summer programs, allowing them to develop life skills leading to personal growth and enrichment, improved academic performance, and character building. NYJTL’s programs operate in 34 NYC schools and on playgrounds and tennis courts throughout the five boroughs. The organization has an $15 million annual operating budget.
NYJTL built and now operates the Cary Leeds Center in Crotona Park in the Bronx which has access to 12 courts, a 12,000 square foot clubhouse and state-of-the-art classrooms, which are available for events and community use. At the Center, NYJTL provides free programming for children, and gives paying customers an opportunity to develop and advance their tennis skills.
NYJTL is seeking a smart, hardworking, and “hands-on” financial professional to become its next Chief Financial Officer (CFO). Reporting directly to the CEO, the CFO will be responsible for all aspects of finance including the financial planning, operations, financial reporting, budgeting, risk management, contracting, and accounting functions. As a key member of the senior leadership team, the CFO must be a detail-oriented professional who can manage the financial and administrative needs of the organization, work closely with the auditors, and collaborate constructively with program directors.
It is critical that the CFO be capable of integrating smoothly into the senior management, fitting into the organization’s culture. They will provide counsel and support to the CEO and the Board of Directors on all financial matters, as well as work on various strategic initiatives. They will work with the executive, program, and finance staff in a supportive and direct manner with a minimum of ego. They will have strong interpersonal skills, excellent written and oral communication skills, a hands-on management style, as well as the ability to address and solve problems or issues as they arise. In addition, it is expected that they will be diplomatic, will operate with the highest integrity, and will possess sound judgment – as well as a sense of humor.
Specific Responsibilities include:
- Manage the agency’s overall budget and finances. Develop and coordinate the agency’s budgeting process and timetable, working with the CEO and members of the senior management team to develop annual financial goals for the agency.
- Administer fiscal systems that reflect operating activities, align with internal budgets and reflect compliance with grant and contracting spending stipulations, in particular with DYCD contracts.
- Manage staff of seven with a focus on staff professional development and fostering a positive culture in line with the organization’s nonprofit values.
- Serve as a member of the agency’s senior staff, participating in the development and implementation of overall policies, long-range planning, and daily operational goals and objectives.
- Provide support as needed to enable NYJTL’s program leaders to most effectively administer NYJTL’s programs and serve our clients.
- Develop and coordinate short and long-range business and financial plans.
- Formulate, recommend, and implement sound fiscal policies, procedures and controls, including internal control compliance. Develop and implement controls, systems and procedures for effective operations and timely monitoring and reporting.
- Manage and oversee all accounting functions, including general ledger, accounts payable, accounts receivable, payroll, bank reconciliations, monthly closing schedules and planning and monitoring of cash flow.
- Prepare regular financial reports that illustrate budget versus actual spending on organization, programs.
- Prepare quarterly Board reporting and grant reporting as needed. Provide primary support for the Finance committee of the Board of Directors, and for various ad hoc committees of the Board as needed, working closely with the Board leadership, the CEO and the other members of the senior leadership team.
- Facilitate annual financial audit and tax filings, draft financial statements and serve as liaison to external auditors.
- Oversee the procurement function; work closely with contractors and vendors.
- Participate in annual review of insurance policies and employee benefits package in collaboration with the CEO, Human Resources, and the Board.
- Bachelor’s Degree in accounting, finance or a related discipline; MBA and/or CPA strongly preferred.
- Minimum of 15 years’ financial management leadership experience with increasing levels of responsibility.
- Deep understanding of GAAP.
- Significant experience providing leadership, direction and management of the finance and revenue cycle management team
- Significant financial responsibility for a complex nonprofit organization preferred.
- Direct experience with NYC government contracts: budgeting, vouchering, multi-site allocations, indirect cost rates, and financial reporting. DYCD experience strongly preferred.
- Direct experience managing private foundation grants: utilization, restriction and release rules, grantor reporting.
- Broad knowledge of payroll concepts, regulations, processes and terminology.
- Strong written, oral, communication and organizational skills.
- Proven high standards of performance, eager to pursue aggressive goals, and works hard and smart to achieve them. Must be persistent, decisive, resourceful, proactive, and results oriented.
- Fully grasps programmatic activities and can convey information to people with varying levels of financial expertise.
- Capable of managing difficult situations with tact and diplomacy.
- Ability to work well in teams, as well as independently, and must be able to collaborate and build consensus internally and externally.
- Proficient with spreadsheets, analytical tools and financial and administrative software. Direct experience with Sage/MIP desktop versions a big plus.
- Commitment to mission.
NYJTL is an Equal Opportunity Employer and does not discriminate on the basis of race, religion, national origin, color, sex, age, gender identification, sexual orientation, veteran status, or disability. All qualified applications will be given equal opportunity and selection decisions will be based solely on job-related factors. Compensation will be commensurate with experience.
For more information about NYJTL, please visit www.nyjtl.org