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Sidney E. Frank Foundation
Filed Under:
Chief Financial Officer
New York, New York
Active in various professional, cultural, and charitable organizations, Sidney E. Frank was Chairman of the Board of the Sidney E. Frank Foundation where he gave large gifts that were meant to change the course of lives. One year after his death, the Sidney E. Frank Foundation, with assets of $400MM and a charge to give away $20MM annually, aims to fulfill the legacy left to it by its benefactor, making gifts that have a profound impact on a great variety of meaningful causes. With Frank’s passing, the Foundation has even greater philanthropic potential and looks to its first Chief Financial Officer to oversee the efficient and effective implementation of systems and distribution of funds, the financial management of the foundations records and reporting, and the foundation’s annual budgets. Specific areas of oversight include: accounting, including analyzing and verifying fiscal records and reports, preparing financial and statistical reports, providing information to Foundation staff and advisors regarding accounting practices and procedures, and reconciling general ledger accounts. As a member of the senior management team, the ideal candidate will have a comfort and fluency with intellectual stimulation and the capacity to seek out answers and synthesize data to make informed decisions and recommendations. S/he will interface closely with investment consultants, foundation staff, attorneys, independent accountants and philanthropic advisors regarding monthly reports, revenue and expenditure accounts, financial reporting system and payroll activities.
The ideal candidate will have a deep knowledge of foundation accounting practices and procedures, be a sound fiscal manager, and be able to operate with a high degree of independence. S/he will have experience with investment portfolio accounting; including the ability to navigate through a K-1 or other investment tax document with relative ease as well as the gravitas to interact with high level investment banks, hedge funds, and other investment professionals. A Bachelors degree with major coursework in accounting, finance, economics or a related field is required. A minimum of ten years in the accounting field with preference given to candidates with at least three years in accounting for a foundation or nonprofit entity; an MBA/CPA is preferred. A deep ethic rudder with a natural ease making sound, independent judgments within established polices and procedures is expected, as is acumen in maintaining accurate financial records and preparing clear and accurate reports for informational, auditing and operational use. The Sidney E. Frank Foundation does not yet have a website, but a longer, more detailed position description, including application instructions may be found here:
http://www.nonprofitprofessionals.com/searches/seff-cfo.htm
Active in various professional, cultural, and charitable organizations, Sidney E. Frank was Chairman of the Board of the Sidney E. Frank Foundation where he gave large gifts that were meant to change the course of lives. One year after his death, the Sidney E. Frank Foundation, with assets of $400MM and a charge to give away $20MM annually, aims to fulfill the legacy left to it by its benefactor, making gifts that have a profound impact on a great variety of meaningful causes. With Frank’s passing, the Foundation has even greater philanthropic potential and looks to its first Chief Financial Officer to oversee the efficient and effective implementation of systems and distribution of funds, the financial management of the foundations records and reporting, and the foundation’s annual budgets. Specific areas of oversight include: accounting, including analyzing and verifying fiscal records and reports, preparing financial and statistical reports, providing information to Foundation staff and advisors regarding accounting practices and procedures, and reconciling general ledger accounts. As a member of the senior management team, the ideal candidate will have a comfort and fluency with intellectual stimulation and the capacity to seek out answers and synthesize data to make informed decisions and recommendations. S/he will interface closely with investment consultants, foundation staff, attorneys, independent accountants and philanthropic advisors regarding monthly reports, revenue and expenditure accounts, financial reporting system and payroll activities.
The ideal candidate will have a deep knowledge of foundation accounting practices and procedures, be a sound fiscal manager, and be able to operate with a high degree of independence. S/he will have experience with investment portfolio accounting; including the ability to navigate through a K-1 or other investment tax document with relative ease as well as the gravitas to interact with high level investment banks, hedge funds, and other investment professionals. A Bachelors degree with major coursework in accounting, finance, economics or a related field is required. A minimum of ten years in the accounting field with preference given to candidates with at least three years in accounting for a foundation or nonprofit entity; an MBA/CPA is preferred. A deep ethic rudder with a natural ease making sound, independent judgments within established polices and procedures is expected, as is acumen in maintaining accurate financial records and preparing clear and accurate reports for informational, auditing and operational use. The Sidney E. Frank Foundation does not yet have a website, but a longer, more detailed position description, including application instructions may be found here:
http://www.nonprofitprofessionals.com/searches/seff-cfo.htm
