September 11, 2020 – New York-based PNP Staffing Group has been selected by the National Domestic Workers Alliance (NDWA) to lead its search for a new chief financial officer.
Based in New York City, the incoming CFO will oversee the organization’s financial planning process including: budgeting, cash flow, grant expenditures within and across the c3, c4 and LLC. They will participate and represent financial matters in senior leadership teams that include the strategy team, which designs and aligns overall strategy, the management team, responsible for compliant and integrated operations, and the executive team, made up of the executive director and NDWA’s co-deputy directors.
In addition, the incoming CFO will ensure financial viability, compliance and fraud protection for the newly formed $20 million Coronavirus Care Fund which provides cash assistance directly to domestic workers.
NDWA wants candidates with at least seven to 10 years proven track record of success in a senior management role in an organization with a budget of $20 million or more, said PNP Staffing Group. Prior experience working with a c3 and c4 and additional experience working with corporate models (LLC) would be a plus. Candidates should be in agreement and alignment with NDWA’s vision and values and an understanding of issues facing low-wage workers, immigrant communities and other communities of color. Being bilingual in English/Spanish is also a plus.
The National Domestic Workers Alliance is a national voice for dignity and fairness for domestic workers in the U.S. NDWA works for the respect, recognition and inclusion in labor protections of domestic and home care workers across the country. NDWA was founded in 2007 by 50 domestic workers and organizers from around the country. Its national alliance has grown from this founding group of 13 organizations to more than 60 affiliate organizations, plus three local chapters developed by NDWA in Atlanta; Durham, NC; and New York City, and individual members from states without affiliates or chapters to join. To date, the alliance is comprised of more than 70,000 nannies, housekeepers and home care workers in 44 cities and 20 states.
PNP Staffing Group, also known as Professionals for NonProfits, provides a full array of recruiting services exclusively to the non-profit sector. Gayle Brandel founded the firm in 1996 and currently serves as president and CEO. She previously served in a financial and business management capacity in numerous leading New York City-based non-profit institutions. Ms. Brandel is an experienced leader in strategic talent management and capacity building recruitment for non-profits.
CFOs for Non-Profits
For corporate finance executives who want to de-stress their lives, moving into the non-profit world is one obvious avenue. But a new report by professional services firm BDO USA pointed out that some of the issues they would face there might remind them of their for-profit jobs. For one, their fellow C-suiters may not fully appreciate some of the challenges CFOs face. Non-profit CFOs are much more attuned to the difficulty of dealing with regulatory and legislative changes.
Hunt Scanlon Media has just released our latest special issue of ESR. This time around we take an in-depth look at the challenges financial services firms are facing in their hunt for new talent.
We cover it all: How CFOs are confronting new layers of risk in the pandemic era; the rapid and dramatic change coming at the CFO; using people analytics to acquire top talent, predict performance & reduce turnover; and why banks are turning to search firms. We even provide our latest “Financial Fifty Recruiters” ranking of financial services search firms! In this special issue of ESR, Hunt Scanlon editors take an extraordinary inside look at recruiting during these unprecedented times. Click here and enjoy.
Like their for-profit counterparts, non-profit CFOs have also been tasked with assessing the impact of the new tax-reform law, implementing the necessary changes and determining the most beneficial tax strategies going forward. They were also involved in implementing accounting changes for revenue recognition and leasing arrangements. Finally, the CFOs were somewhat less concerned about cybersecurity than were the others. Exactly half of the former respondents, but 57 percent of the latter, said it’s a high or moderate challenge for non-profits’ boards.
BDO appeared to lightly criticize the finance chiefs for not taking cybersecurity seriously enough, saying that “CFOs could be overlooking tech-related challenges.”
“While information technology is often not under [non-profit] CFOs’ immediate responsibilities,” BDO said in its survey report, “the security of financial technology systems — including donor databases — is a crucial element of a non-profit’s overall cyber hygiene.
“Anecdotally,” the report said, “protecting organizations from cyber threats is consistently on board agendas. A CFO’s role might primarily live within the organization’s finance arm, but as veterans of the non-profit space know well, an effective leader in the dynamic non-profit world is a jack of all trades.”
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media