Brooklyn Laboratory Charter Schools
Chief Financial Officer Job Description
About the Role
The Chief Financial Officer (CFO) has responsibility for leading and facilitating all aspects of financial management for Brooklyn Laboratory Charter Schools. The CFO will be critical in leading the effort to budget and forecast the various components of the strategic growth plan, as well as playing a lead role in assuring the long-term sustainability of the network’s schools. The CFO will collaborate on matters of strategic and operational planning, organizational change, business decision-making, and the overall leadership of LAB. The CFO establishes and maintains strong relationships with the Board of Directors of LAB, the Finance / Audit Committee, and the Board of Friends Of LAB as well as with external auditors, authorizer, lenders, and major funders. The CFO will also oversee all the day-to-day management of LAB’s financial operations, including the dedication of resources to best serve the schools’ needs.
As a key member of the Executive Team, the CFO will report directly to the Executive Director and play a critical role in the overall strategic management of the organization. The CFO will set the financial strategy for LAB’s operating budget while also designing and delivering effective financial systems across the organization. As LAB embarks upon its next phase of growth and development, the CFO will serve as a strategic partner to organizational leaders, providing strong and accurate financial guidance to guide decisions, as well as leading long-term financial forecasting, budgeting and strategy-setting. This is an ideal opportunity for a proven, financial leader accustomed to managing a complex portfolio to apply his/her expertise towards LAB’s mission.
As a member of both the LAB Executive Team and Leadership Team, the CFO will provide leadership and direction on matters pertaining to network policies, strategic decisions, and long-term planning.
The CFO will oversee all of the financial aspects of LAB, and will take the lead in identifying opportunities to achieve financial sustainability, through maximizing use of available public funds and cost efficiencies.
The CFO will manage the internal finance team and external finance consultants
The CFO will be heavily involved in overseeing both the development of projections as well as working with the Board of LAB and Friends Of to ensure the arrangement of related required financing to support the development and expansion of LAB. Related to these projects, the CFO will work with the Executive Director to identify the appropriate financing tools and capital structure. The CFO will be responsible for identifying an appropriate capital structure for the organization, working with all related constituents to facilitate achievement of that structure and leading the organization’s capital and cash allocation process.
The CFO will lead the annual planning and budgeting process for the network, and anticipate revenues and by assisting the schools in their annual budget planning.
The CFO will provide leadership and oversight of the network’s compliance function assuring that the network and each of its member schools has the support needed to remain in compliance with all state and federal requirements and stays apprised of ongoing changes.
The CFO will provide leadership and oversight with respect to the integrity and accuracy of financials and data collection for our LAB network reporting and performance management function with an emphasis on sharing transparent information among the network campuses. By sharing financial, operational, and academic data, we hope to identify both best practices to share among our campuses as well as any instances of performance concerns, so that we can identify appropriate support from within LAB. Appropriate network-wide dashboards will support continuous improvement in everything we do.
The CFO will facilitate and advise financial decision-making, focusing appropriately on the LAB mission to serve scholars with quality, balanced with the network’s need for long term sustainability. The CFO will focus on revenue and cost efficiency opportunities and address the timing of cash flows as well as the capital required to support the expansion program.
Additional specific responsibilities include:
Conduct analyses to inform operational decision-making and long-term strategic planning for the network.
Engage other members of the senior management team to facilitate cross-departmental collaboration to ensure that financial systems and solutions positively support LAB’s evolving strategy, operational delivery, and data collection needs.
Provide leadership for the finance organization to ensure that capabilities are adequate now and in the future as LAB continues to grow.
Establish and maintain sound financial policies, procedures, systems, and controls for the organization. Enhance financial and accounting systems to provide a platform that supports network, school, and departmental needs.
Provide risk management analyses to make sure we proactively review, anticipate, and address potential risks of all kinds affecting the network, and oversee the maintenance of appropriate insurance policies.
Recruit, train, develop, and coach other professionals as needs are identified.
All successful candidates must possess an unwavering belief that all students, regardless of their backgrounds and educational pasts, have the potential to succeed in college or an appropriately rigorous post-secondary outcome. In addition, strong candidates will have:
Bachelor’s degree required; CPA preferred.
Non-profit finance/accounting background is a plus.
Over ten years of progressive finance and accounting experience, ideally in a high-growth, entrepreneurial environment.
Experience leading an annual budgeting process.
Demonstrated ability to develop, implement and manage financial systems and processes to support a growing multi-state organization.
Strong financial management skills and business acumen; demonstrated ability in financial analysis and financial modeling.
A demonstrated ability to work independently in a fast-paced environment, lead multiple projects, meet concurrent deadlines, and organize time and priorities.
Strong interpersonal and communication skills.
Role: CFO Chief Financial Officer
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