IL - Chicago metropolitan area
NJ - Newark metropolitan area
NY - New York metropolitan area
About the Organization
In America, we've promised that hard work and ambition will be met with equality of opportunity. The reality is that we have a quiet crisis on our hands. Before COVID-19, a bachelor's degree holder from a low-income background started their career earning two-thirds as much as those from higher-income backgrounds. An African American with a BA was almost twice as likely to be unemployed as their white counterpart. While education has the potential to be the great equalizer, only 30% of our country's 1.3 million first-generation or low-income college enrollees are predicted to land a strong job after graduation. And with the COVID-19 crisis still upon us, now more than ever, college students from humble beginnings need to be prepared to compete for strong jobs.
Braven is helping to address these inequities. Braven supports students from college to career by partnering with universities, employers, and college success organizations to offer a two-part experience that begins with a credit-bearing college course followed by a post-course experience that lasts through graduation. Braven Fellows emerge with the skills, experiences and networks they need to land a strong first job and get on a path to economic freedom. Braven is a growing organization, and has worked with more than 3,300 students across four campuses (Rutgers University-Newark, San José State, Lehman College, and National Louis University) and is piloting its innovative program to serve alumni of college success organizations locally in Chicago and virtually nationwide. Learn more about Braven's impact: https://impactreport.bebraven.org/ & https://jobsreport.bebraven.org/
About the Position
As a key member of Braven' leadership team, the Chief Finance & Operating Officer (CFOO) will report directly to the CEO and play a critical role in the overall strategic management of the organization. The CFOO will dive deeply into financial modeling and forecasting in order to provide senior leaders with the sound financial guidance needed to make key strategic decisions while also thinking innovatively about Braven's future investment strategy and product pricing strategy in service to Braven's ambitious growth plan - poised to grow from $16M to $30M over the next five years. Additionally, the CFOO will serve as a coach and manager to the leaders overseeing Braven's Human Assets, Operations & Real Estate, IT, & Legal workstreams.
As Braven embarks upon their next chapter, the CFOO will serve as a driver of cross-functional collaboration ensuring that all operational decisions are supported by sound financial insights. This is an ideal opportunity for a proven strategic finance leader who excels at coaching and managing others to apply their skills towards leveling the professional playing field for young people in our country.
Responsibilities include, but are not limited to:
Strategic Financial Leadership
- In partnership with CEO and Board, establish strategic financial goals providing a strategic framework for resource allocation and achievement
- Lead a multi-year financial planning process to support Braven's financial growth and health
- Conduct rigorous business model analysis; forecasting costs related to different strategic choices and overseeing the development of budgets for new projects
- Provide oversight for Braven's investment portfolio and work in collaboration with CEO and Board to establish and uphold sound investment policies
- Develop pricing strategy for existing and new innovation products
- Provide leadership, coaching, and guidance to Finance Director and Senior Accountant
- Serve as a member of Braven's leadership team, helping to set organizational strategy, mentoring staff, and providing organizational oversight
- Provide financial thought partnership and guidance to other senior leaders across the organization as it relates to key financial implications of their respective workstreams
- Serve as the primary liaison to the Board of Directors; conducts a thorough review of the annual budget with the Board to review key assumptions and targeted outcomes in order to gain Board approval
People Management & Operational Leadership
- Lead, manage and develop a cross-functional team consisting of ~4 direct reports; working across all infrastructure areas, including Finance, IT, Operations & Real Estate, and Human Assets to ensure Braven is well positioned to evolve and grow as an organization
- Recognize and anticipate opportunities and challenges as they relate to finance and operations systems; generating ideas, strategies, and solutions to drive great organization-wide collaboration and impact
- Play a leadership role in stewarding people management practices deeply embedded in diversity, equity, inclusion and belonging values; is adept at working and managing across lines of difference and approaches conversations about DEIB with thought and care
- Oversee security and risk management strategies including commercial insurance coverage and the related operational policy decisions to protect the existing organization and board
- Lead negotiations and manage ongoing relationships with outside vendors including but not limited to: bank credit agreements, cash management and investment management, external auditors, investment bankers, outside counsel, and insurance broker
Did you know that research shows that women and people from underrepresented groups often apply to jobs only if they meet 100% of the qualifications? Please know that no one ever meets 100% of the qualifications. If much of this describes you, we encourage you to apply. This might be the right next role for you if you have:
- 10+ years of experience overseeing and executing in accounting and strategic finance either as a CFO or senior financial advisor in a well-managed company/organization
- 5+ years of experience managing diverse teams to ambitious goals
- Experience helping a growing organization build finance systems, expertise, and controls over time
- Proven experience managing budgets of commensurate size and complexity and related financing and cash management techniques
- Analytical as well as forward-thinking finance skills with significant experience using forecasting budgeting models
- Experience leading financial investment strategies and/or product pricing strategies (highly preferred
- Proven ability to work well with senior executives, leveraging strong intellectual, conceptual and analytical skills
- Strong communications skills in written, oral, and presentation contexts; ability to clearly, confidently, and convincingly present analyses and recommendations around major financial decisions
- Ability to work collaboratively and communicate complex financial concepts with people of varying degrees of financial skills and knowledge
- A demonstrated commitment to equity and inclusion
- Strong alignment with Braven's core values
- Lived experiences that have informed your belief in Braven's mission and have prepared you to work with, or for, Braven's student Fellow population
Compensation and benefits:
LOCATION: This role can be based within commuting distance of one of Braven's hub cities: Chicago (preferred), New York City, Newark, or Atlanta. In order to attend key meetings with the Board and colleagues, travel will be required (~1-2 trips per quarter). Because Braven believes in the magic, connection, and collaboration that happens when people work together face-to-face and they believe in giving people flexibility to focus, balance personal priorities, and save themselves one commute per week, when social distancing is not in place, the Braven team gathers in the office four days a week. Each teammate can use one flex day of their choosing per week to work remotely.
COMPENSATION AND BENEFITS: Braven offers competitive base salaries based on the midpoint of the market among similar-sized not-for-profit organizations and opportunities for salary growth over time. The salary for this position will be within the $150,000 to $250,000 range and will vary based on location as well as prior work experience and the assessment of one's fit for the role.
Braven believes in compensating staff members fairly in relation to each other, their qualifications, and their impact on behalf of the organization, and takes internal equity seriously. Given their commitment to equity and the inequities that can emerge from salary negotiations, Braven does not negotiate salary offers; instead each salary offer is determined carefully upfront using benchmarking. You will have an opportunity to discuss salary in more detail after you begin the application process. Braven also provides competitive, comprehensive benefits, recognition, and career development. While Braven reserves the right to change benefits at any time, current benefits include:
- Unlimited vacation time in addition to org-wide shut downs in July and the end of the calendar year
- Up to 5% match of your 401K contribution starting your first full month
- Coverage of 85% of health insurance premium
- A one month paid sabbatical after 4 years on staff
Braven is committed to attracting, engaging, developing, and retaining a diverse team. Braven operates in the context of our American culture, against the backdrop of systemic racism and oppression of marginalized people since our country's founding. We are committed to assembling leaders at our organization who have emerged from everywhere, with a particular emphasis on those who share the racial and income backgrounds of our Fellows, and creating an inclusive culture that allows all teammates, of all experiences and identities, to thrive.
Braven is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, creed, religion, national origin, sex, sexual orientation, gender identity and expression, age, disability, veteran status, or any other protected factor. We encourage talented individuals of all backgrounds to apply.