PAVE Schools

Returning Candidate?

Chief Financial Officer

Chief Financial Officer

Job Location 
US-NY-Brooklyn

ORGANIZATION DESCRIPTION

PAVE Schools, Inc. (PAVE) prepares Kindergarten to 8th grade students to thrive in competitive high schools and four-year colleges. PAVE provides its students with a rigorous academic program and a community built on the organization’s core values of Perseverance, Achievement, Vibrance, and Excellent character. PAVE supports the establishment and operation of:

 

  • PAVE Red Hook, a Kindergarten – 8th grade public charter school in Red Hook, Brooklyn. In 2017 – 2018, PAVE Red Hook will educate 480 Kindergarten – 8th grade scholars.
  • PAVE Southeast, a Kindergarten – 8th grade public charter school in Raleigh, NC.  In 2017-2018 PAVE Southeast will educate 320 Kindergarten – 3rd grade scholars.

 

Founded in 2008, PAVE partners with historically underserved communities, impacting more than 800 students across two schools in New York and North Carolina. Embarking on a significant growth phase, PAVE Schools, a Charter Management Organization (CMO), was formed in 2014 to support the replication of the PAVE model in New York and North Carolina. Over the next 8 years, PAVE Schools will grow to a network of eight Kindergarten - 8th Grade schools (4 in each region), impacting more than 6,000 students. At scale, schools will be financially sustainable, with a CMO staffing model of 40 FTEs. PAVE’s combined annual operating budget is $15M across the CMO six subsidiaries, two school campuses, and the Red Hook Support Corporation (RHSC). The organization anticipates continued budget growth between 10-15% over the next 6 years.

OPPORTUNITY SUMMARY

Reporting directly to the CEO, and serving on the Network Leadership Team, the Chief Financial Officer (CFO) will serve as PAVE Schools’ primary financial leader as the organization grows from two schools (1 in NYC, 1 in NC) to eight total schools (4 in NYC, 4 in NC) by 2023. The CFO plays an integral role in driving both new site expansion and the growth of PAVE Schools by continuously monitoring PAVE’s long-term projections and capital planning, including pro formas for new charter applications, grant applications, and facility financing. The CFO will build organizational capacity and ensure the organization's long-term sustainability by upholding strong internal controls, driving the annual budgeting process, minimizing PAVE’s reliance on fundraising, maintaining a healthy cash balance, and managing risk via adequate insurance and policies.

ALL PAVE TEAM MEMBERS BELIEVE IN:

Our Core Values

 

Perseverance

We believe that reflection and refinement is key towards continuously growing and improving. We give and receive direct feedback and hold each other accountable.  We are solutions minded, positive and allow ourselves to be vulnerable as we persevere to get better.

 

Achievement

We set ambitious goals and work relentlessly to attain them. We understand the key to student academic growth is great teaching; we obsess over the art and science of teaching timeless content well. We use data to drive all our decisions and measure our success.

 

Vibrance

We share gratitude with our colleagues, students and families. We recognize that complaining saps our collective strength and remain optimistic in the face of challenges. We focus on the joy of our practice and recognize the accomplishments of others. We believe that good humor and generosity of spirit are key to a positive culture.

 

Excellent Character

We always assume the best and take concerns to the source. We maintain emotional constancy and disciplined language in all situations. We treat all in our community with honesty, kindness, and respect. We sweat the small stuff in respect of our community, our space, and each other.

HOW YOU'LL CONTRIBUTE

Financial Management:

  • Oversee cash flow planning and ensure availability of funds as needed
  • In partnership with the Finance Committee oversee cash, investment, and asset management
  • Oversee financing strategies and activities, as well as banking relationships
  • Work with the Network Leadership Team and PAVE’s Boards of Directors (BODs) on strategic financial planning, financial analysis and business modeling to provide insight into the organization’s operations and business plans
  • Provide accurate financial projections and reports to the fundraising team to maintain healthy cash flow with a minimum of 3 months cash on hand in schools and 6 months cash on hand at the CMO
  • Ensure timeliness, accuracy, and usefulness of financial and management reporting for federal and state funders, foundations, and PAVE's board of directors; oversee the preparation and communication of monthly and annual financial statements/reports
  • Cultivate financial, HR, and legal literacy at all levels of the organization, in coordination Network Leadership Team members and other related stakeholders
  • Coordinate audits and proper filing of tax returns
  • Ensure legal and regulatory compliance regarding all financial functions
  • Report directly to the Finance Committee of each board of directors, ensuring they have the financial information needed to govern well

 

Accounting and Administration:

  • Oversee the accounting department to ensure proper maintenance of all accounting systems and function to ensure fidelity of data and timely reporting as the organization grows
  • Ensure maintenance of appropriate internal controls and financial procedures
  • Ensure timeliness, accuracy, and usefulness of financial and management reporting for federal and state funders, foundations, and PAVE’s boards of directors; oversee the preparation and communication of monthly and annual financial statements.
  • Develop a culture in which data is used to plan, diagnose, and improve, ensuring key leaders have relevant financial data to make management decisions at all times

 

Planning, Policies & Systems:

  • Develop, lead, manage, and coach centralized Finance and HR functions through direct management of PAVE Schools’ Director of Finance and HR, and indirect management of support staff and consultants
  • Lead the migration of PAVE’s accounting system from Quickbooks Online to a system with higher capacity
  • Oversee budgeting and the implementation of budgets across organizations, inclusive of operational and capital budgets
  • Plan, document, communicate, execute, evaluate, and improve core financial and human resource policies, procedures, systems
  • Engage the finance committee of the board of directors to develop short-, medium-, and long-term financial plans and projections
  • Represent the company to financial partners, including financial institutions, investors, foundation executives, auditors, public officials, etc.
  • Remain up to date on nonprofit audit best practices and state and federal law regarding nonprofit operations
  • Obtain surpluses, strong cash balances and clean audits for each entity, each financial year
  • Align PAVE’s financial plan to the service of PAVE’s academic program, operations, talent management, and fundraising as a member of PAVE Schools Network Leadership Team

WHAT YOU'LL BRING TO THE TEAM

  • A strong commitment to PAVE’s mission and vision
  • Minimum of 10 years experience in non-profit organization management with at least 5 years experience in a senior management role
  • Seasoned management experience in non-profit accounting with strong preference for prior experience in charter schools amid a period of significant growth
  • Emotional constancy within fast paced, high stakes environments
  • A history of designing and implementing systems that enhance financial controls and impact of investment
  • Strong general management skills with direct line, dotted line, and contracted team members
  • Technological expertise and adaptability, including familiarity with Quickbooks online, ADP, Zenefits, and/or other financial resources platforms
  • Real estate finance acumen
  • A relentless work ethic, a high degree of patience, and grit to push through difficult challenges
  • Strong judgment and decision making
  • Bachelor’s Degree required; relevant graduate degree strongly preferred

NON-DISCRIMINATION SUMMARY

PAVE Schools, Inc. does not discriminate on the basis of race, color, religion (creed), gender, gender expression, age, national origin (ancestry), disability, marital status, sexual orientation, or military status, in any of its activities or operations. These activities include, but are not limited to, hiring and firing of staff, selection of volunteers and vendors, and provision of services. We are committed to providing an inclusive and welcoming environment for all members of our staff, volunteers, subcontractors, vendors, and clients.

Connect With Us!

Interested in Working in our Network Office? Click here to Connect with us