Senior Manager of Business Strategy and Financial Management
Bennett Midland
2024-11-05 15:37:39
New York City, New York, United States
Job type: fulltime
Job industry: Banking & Financial Services
Job description
Bennett Midland seeks a business strategist with deep experience in financial planning and analysis. We are a professional services firm that deploys teams to support civic sector organizations to solve their complex challenges and our biggest asset is our team. We are most effective-externally and internally-when we have strategies in place that harmonize the skills our team can provide with the opportunities we pursue, and when those opportunities align with the strategic goals we set for our business. The Senior Manager of Business Strategy and Financial Management will conduct research and analysis, develop financial models, and execute on internal operational workstreams to ensure our effectiveness and drive strategic decision-making.
Who we are
We are a consulting team that works with public sector leaders, philanthropy, and nonprofits in New York City, nationally, and globally to help them tackle their most pressing problems and maximize impact for the people they serve. We partner with mission-driven organizations to develop and implement new strategies; design, assess, and strengthen programs and operational practices; and successfully navigate organizational change.
We are a values-driven organization. We work to build a strong civic sector, guided by a belief in its capacity to develop just and equitable solutions. We strive to advance equity and inclusion inside and outside our firm by fostering transparency and accountability within our team and working with our clients to identify and address inequity in their work. We strive for an enjoyable and supportive workplace-we approach our work with humility, creativity, and a collaborative spirit.
What you will do
The Senior Manager of Business Strategy and Financial Management works in close collaboration with the firm's partners and leadership team, supervises the Finance and Operations Associates, and directs other team members on relevant project assignments. The Senior Manager of Business Strategy and Financial Management will carry out the following responsibilities:
Business strategy
Collaborate with the firm's partners on business strategy, including setting annual financial targets, developing budgets, and strategic priorities.
Participate in business development meetings, creating strategies and assessing business opportunities that align with sales and revenue targets and the firm's strategic priorities.
Manage and execute decisions made around annual and future-looking resource allocations.
Lead the planning and facilitation of quarterly and year-end finance and strategy meetings with the firm's partners, including creating agendas, developing financial reports, conducting research, and executing agreed-upon follow-ups.
Establish and monitor key performance indicators (KPIs) to evaluate the performance of the firm.
Lead on annual reviews of consultant rates and develop pricing strategies and models to enhance profitability and market competitiveness.
Review pricing strategies and contract terms to ensure alignment with business goals.
Financial planning and management
Develop annual budget in QuickBooks and update it monthly with actual revenue and expenses.
Prepare monthly financial and performance reports that monitor performance against agreed-upon KPIs.
Create detailed business models and forecasts to support strategic decision-making.
Monitor cash flow and maintain up-to-date cash flow analysis report.
Oversee and liaise with Bennett Midland's accounting firm to manage and process business taxes and ensure accurate revenue and expense reporting.
Supervise the Administrative Associates in the following areas of work:
Managing timekeeping records;
Monthly invoicing, including working with consulting teams to determine appropriate invoicing time and corresponding materials;
Tracking payables, receivables, and bill payments
Processing bill payments; and
Managing Expensify.
Human Resources
Manage the firm's payroll, 401(k), and benefits programs and systems, including bi-weekly deposits, working closely with the firm's PEO.
Manage the annual review of the firm's benefit offerings, working with the benefits providers and creating analyses of options for review by the Executive Team.
Develop staff-wide communications for employees regarding benefits programs, 401(k), time off, office closures, etc.
Oversee the onboarding process for new employees (e.g., employee letters, coordinating start days, establishing benefits and payroll, etc.).
Coordinate the annual review and updating of the firm's Employee Handbook.
Stay up to date with Federal and New York State HR laws and regulations and ensure the firm adopts best practice policies.
Requirements
Who you are
You are an energetic, engaged professional with at least five years of experience in financial management and analysis. You are a strategic thinker who wants to contribute to the business strategy and growth of a civic-focused small business. Other qualifications include:
An undergraduate degree in finance, administration, business, or related field, preferred;
Previous experience in supervisory roles and in managing complex workstreams;
Meticulous attention to detail and superior organizational skills;
Excellent time management skills, ability to multi-task, and skill for managing and prioritizing competing demands;
Excellent written and verbal communication skills;
A commitment to a collegial workplace; and
Proficiency in QuickBooks, Microsoft Excel, Microsoft Word and Outlook.
We work well with people who are:
Agile: we value the ability and willingness to learn from experience and apply that learning as conditions change
Analytical: we rigorously interrogate problems and incorporate a diverse set of facts and perspectives into our work
Creative: we develop creative solutions to complex problems and push our clients to think beyond the status quo
Collaborative: we are committed to a collegial workplace and team approach to our work
Curious: we promote a culture of continuous learning from our team, clients, and partners
Driven: we work with the imperative to make the world better
Salary
The salary range for this position is $121,000 - 165,000 with the potential for an annual performance-based bonus. Our salary structure is designed to be in line with that of social impact organizations, reflecting our dedication to social impact work. This is distinct from management consultancies, which predominantly cater to commercial clients.
Benefits
Our comprehensive benefits package encompasses:
Medical, dental, and short-term disability coverage;
Mental health support benefits;
401k matching program;
Parental leave;
Commuter benefits; and
A generous paid leave policy and vacation schedule including a week off at the end of December.
Employment at Bennett Midland is contingent on the candidate having the requisite authorization to live and work in the United States.
Please note that we are currently operating in a hybrid work environment, including in-person client meetings and some travel. We currently require in-office presence at our office in Chelsea, Manhattan, a minimum of twice a week.
Application instructions
To apply, please upload your resume and cover letter with your full name. Your cover letter should explain why you are interested in joining our team and what makes you a good fit for the Senior Manager of Business Strategy and Financial Management role. Shortly after submitting the application, you will receive a confirmation email acknowledging receipt of your application.
No telephone calls or emails, please. Only applicants selected for interviews will be contacted.
Bennett Midland is committed to providing reasonable accommodation to individuals with disabilities. If you are a qualified individual with a disability and need assistance applying online, please email . If you are selected for an interview, you will receive additional information regarding how to request an accommodation for the interview process.
Bennett Midland is a women-owned and -led consulting firm and is proud to be an equal opportunity employer committed to attracting and retaining a talented and diverse team that reflects the identities of our clients and the individuals they serve, as well as building a work culture that enables all our employees to achieve their potential, regardless of age, gender, gender identity, race, ethnicity, sexual orientation, or physical capabilities. Black people, Indigenous people, people of color; lesbian, gay, bisexual, transgender, queer, and intersex people; women; people with disabilities; protected veterans; and formerly incarcerated individuals are all strongly encouraged to apply. As a firm based in and largely working with organizations in New York City, we also strongly encourage people raised in New York City to apply.