About Children’s Home Society of New Jersey:
The Children’s Home Society of New Jersey (CHSONJ), a statewide not-for-profit child and family serving agency was founded in 1894 with the mission to find loving families for children, to protect children from harm, and to help parents find better ways to be parents so they can keep their children. These three facets of the CHSONJ mission remain core to this day.
What began as a foster care agency in 1894 has grown into an innovative agency with the vision that all children have secure, caring families, good health, and function well cognitively, emotionally and behaviorally. Today programs include: behavioral health/mental health, permanency planning, treatment for child abuse/neglect, maternal child health, community/neighborhood based services, school based services, early childhood and parent education services and Head Start services. Programs address the developmental continuum from pre-natal to adult. Please see the program timeline for the Children’s Home Society of New Jersey here.
With 300 staff and over 900 volunteers, CHSONJ serves over 59,000 at-risk infants, children, youth and families yearly. For more information, please visit www.chsofnj.org.
The Chief Financial Officer (CFO) position is a role critical to supporting the ongoing growth and development of The Children’s Home Society of New Jersey (CHSofNJ). CHSofNJ is a leading statewide child and family service agency with approximately $20M annual budget, $23.2M in investments, eight locations, 300 staff, and an impeccable reputation. CHSofNJ also enjoys national recognition of its effective models of services. Reporting to the President/Chief Executive Officer and as a member of the Executive team, the CFO will lead and oversee all fiscal, fiduciary and infrastructure responsibilities for the organization, ensuring timely and accurate financial reporting and budget processes, conducting strategic analysis of business performance and forecasting, and providing oversight of staff.
The scope of the CFO will encompass fiscal, human resource management, information technology and facilities management with a current staff of twelve, including two Directors (HR and IT). The CFO will lead this team in building a comprehensive fiscal management system that is efficient, effective and accountable. While serving as the backbone of day-to-day integrated operational support for agency programmatic and administrative functions, the team will position the agency for continued growth, new revenue sources and increasing complexity. The CFO will work with the CEO to spearhead, plan and lead strategic growth, including identifying and assessing new business opportunities and adapting systems for continued excellence.
The CFO provides direct leadership and oversight for CHSofNJ’s finance functions, including oversight of CHSofNJ’s accounting operations; compliance with relevant government regulations, including a significant Head Start program, and ensuring that business operations systems run smoothly and efficiently. S/he will supervise the Director of Human Resources and Director of Information Technology, establishing integrated management systems and cross-function planning. S/he will also take an active role in partnering with the Chief Executive Officer and Vice President to ensure that revenue and expense forecasting and staff allocation are managed effectively. The role is crucial in enabling the organization to achieve its mission, grow its activities, and operate efficiently, and is a core part of the organization’s Executive team. The immediate innovation needs to be an integrated Medicaid and insurance capable fiscal system for billing for our new Mental Health Clinic.
Specific responsibilities include:
- Provide strategic oversight and support for fiscal, human resources, information technology and facilities staff, including fiscal staff, Director of Human Resource, Director of Information Technology and Facilities Coordinator
- Develop relationships and liaise with agency contract/grants funding sources and business partners
- Coordinate and direct the preparation of the budget and financial forecasts, institute and maintain other planning and control procedures including cost accounting system and analyze and report variances
- Coordinate and direct procurement and investment activities
- Develop internal control policies, guidelines, and procedures for activities such as budget administration, cash and credit management, and accounting
- Prepare or direct preparation of financial statements consistent with GAPP, business activity reports, financial position forecasts, annual budgets, and/or reports required by regulatory agencies including year-end financial statements with supporting information
- Advise management on short-term and long-term financial objectives, policies, program expansion implications and actions
- Analyze the financial details of past, present, and expected operations to identify development opportunities, areas where improvement is needed, and challenges to solve
- Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments; repair/negotiate approved borrowing arrangements and interface with banks
- Evaluate needs for procurement of funds and investment of surpluses, and make appropriate recommendations
- Suggest and assure implementation of training and development in budgeting and financial management areas for fiscal staff and program managers (work with Director of Training)
- Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards
- Responsible for all official submitted contract and grant budgets (current, renewed, and proposed)
- Inform Directors of their program’s monthly fiscal status
- Coordinate and direct insurance and pension reviews
- Ensure agency is adequately protected against property, professional and other liability risks through insurance and other risk management tools and advise the CEO on legal and liability concerns
- Work with the Director of Human Resources to evaluate, shop, implement and oversee employee benefits plans, including pension, 403b, employee group insurance plans, workers’ compensation and life insurance
- Ensure that needed structures, resources and databases are in place for fiscal, human resources, information technology, facilities staff to achieve their goals
- Participate in union negotiations and calculate impact of proposals on long-term agency position
- Oversee development of information technology strategy, including ensuring funding is in place and adherence to timelines, ensuring that plans adapt to changes in agency priorities, funding demands, and technology environment
- Supervise and oversee eight facilities and a Facilities Coordinator and negotiate purchase, leasing and timely maintenance of property and equipment that meet all licensing requirements
- Ensure clear and reliable communications about agency infrastructure initiatives to staff and Board of Trustees as prepared with CEO for presentation
- After review with CEO, present agency financial position and other critical updates to the Board of Trustees at least monthly; provide staff support to Board of Trustees Investment and Audit Committees, serve as agency Treasurer
- Lead and support the agency through exploration and implementation of partnerships, mergers and other complex relationships
- Proactively assess and upgrade finance organization and agency infrastructure as needed to meet the changing need of the business
- A seasoned leader with at least ten to fifteen years of broad finance experience, ideally with at least five years in a social services environment
- Deep knowledge of general accounting procedures and experience with budgeting, forecasting and cash flow management; experience in audits and state and federal contracts
- The ability to serve as a strategic thought partner and engage in creative, entrepreneurial thinking as well as the execution skills required to operationalize new initiatives
- Experience translating financial information and data into insights and strategic recommendations that are aligned with organizational vision and mission
- Exceptional communications and interpersonal skills, including the ability to work with a highly engaged, diverse, and committed team and CEO
- Excellent people-management skills and a proven ability to mentor, motivate, and support a diverse team through inclusive leadership practices and collaborative problem solving
- Strong analytical and problem-solving skills with the ability to turn data into insights and anticipate questions and problems; relentless results-orientation
- Unwavering commitment to the agency mission
The Children’s Home Society of New Jersey has engaged Koya Leadership Partners to help in this hire. Please submit a compelling cover letter and resume here.
The Children’s Home Society of New Jersey is an equal opportunity employer and strongly encourages applications from people of color and diverse backgrounds, persons with disabilities, women, and LGBT applicants.
About Koya Leadership Partners:
Koya Leadership Partners is a national retained executive search and human capital consulting firm that works exclusively with mission-driven organizations, educational institutions, and social enterprises. We deliver measurable results, finding exceptionally talented people who truly fit the unique culture of our client organizations and ensuring that organizations have the resources and strategies to support them. For more information about Koya Leadership Partners, visit http://www.koyapartners.com.