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Chief Financial Officer

Chief Financial Officer

First Place for YouthLos Angeles, CA, United States
6 days ago
Job type
  • Full-time
Job description

Direct message the job poster from First Place for Youth

Connecting CEOs, CFOs, VPs of Finance, Controllers and Senior HR talent with Great Opportunities : marylawexecutivesearch.com

Remote position, working one in-office day per week

ABOUT US

Founded in 1998, First Place for Youth supports and mentors foster youth to build the skills they need to make a successful transition from foster care to independence and adulthood. We take a dual approach to our mission, providing results‑driven direct service to young people who need a real support system, and we advocate for public policies and structural changes that will improve the lives of foster youth nationwide. We operate with $33M in revenue, rock solid funding protected by federal and state law, ample reserves, budget surpluses, and record‑breaking fundraising successes over the last year. We have a high‑performing finance team, respected by both our senior management and Board. We recently received a $1.9M grant to improve our accounting and operational systems, and the CFO will be the key driver in the usage and allocation of these funds.

POSITION OVERVIEW

The CFO will be a forward‑looking and flexible thinker with the ability to quickly gather and synthesize information for the staff and board to drive rigorous planning and decision‑making processes. Working closely with the Executive Team, they will bring strategic financial acumen to bear in setting the agency’s future direction, shaping policy and funding priorities, monitoring relevant shifts in the regional and national landscape, and developing the systems and practices that will allow First Place to fully capture those opportunities for expansion. The ideal candidate will be a seasoned and strategic finance professional, preferably with experience in nonprofit. They will demonstrate superior relationship‑building leadership, and diplomatic skills in both leading the finance team and as a key member of the Executive Team. They will have a strong personal commitment to First Place’s mission to serving youth, and the ability to grow along with the organization as it plans for a new era of expansion and impact.

RESPONSIBILITIES

Strategic Vision and Leadership

  • Advise CEO and key members of senior management on finances including planning, budgeting, cash flow and policy matters.
  • Serve as the management liaison to the board finance and audit committees; effectively communicate and present critical financial statements at select board of director and finance committee meetings.
  • Refine systems for generating real‑time forecasts and other financial tools to support the organization in making sound business decisions, especially with regard to scaling, developing philanthropic support, and building capacity to review programs from a budgeting perspective.
  • Contribute to the development of strategic goals and objectives and to the overall management of First Place for Youth.
  • Lead proactive communications efforts to keep the CEO, Executive Team, and board continuously up to date on the financial status of the organization and drive momentum on new initiatives.
  • Represent the organization externally as necessary, particularly with respect to banking, insurance and lease negotiations for all First‑Place offices.

Finance Department Oversight and Organizational Planning

  • Create systems to produce accurate and timely information on the financial status of all programs and departments upon request, including reports that enable First Place directors and managers to monitor and manage their own departmental, team or project budgets.
  • Plan, coordinate, and execute the annual budget process. Lead the development of annual planning tools and systems that encompass broader strategic goals.
  • Improve administrative and accounting services such as treasury management, 401(k) plans, grants payment processing, payroll, accounts payable, and purchasing.
  • Ensure accuracy and compliance with First Place accounting policies and procedures as well as regulatory compliance. Oversee the annual audit and ensure a clean opinion.
  • Provide administrative services and record keeping as well as internal and external client and bank relations for business lines of credit. Manage liability of extended credit.
  • IT and Operations Department Management

  • Provide strategic planning, operational and budgetary oversight and management of Information Technology (IT) functions ensuring alignment between organization’s overall strategic plan and IT projects and processes.
  • Oversee First Place’s physical infrastructure, including maintenance and upkeep of the facilities, lease negotiation, office allocation, building renovations or upgrades. Seek to use environmentally sustainable building materials, processes, tools and supplies.
  • Give effective individual and team leadership to the agency’s administrative function, ensuring excellent customer service to people both inside and outside First Place.
  • Oversee planning, maintenance and implementation of First Place safety and security protocols.
  • Provide cross‑functional support for the work of the Program Team regarding general facilities oversight by reviewing building maintenance procedures, supporting effective vendor management, addressing complaints by city regulators, ensuring accurate and timely payment of rents and fees, and assisting the resolution of any significant issues, as needed.
  • Team Development

  • Establish and monitor staff performance and development goals, assign accountabilities, set objectives, establish priorities, conduct annual performance appraisals, and administer all aspects of employee relations for assigned staff.
  • Promote a culture of high performance and continuous improvement that values learning and a commitment to quality and customer service.
  • Ensure that staff members receive timely and appropriate training.
  • Other duties as needed and assigned.

    CHARACTERISTICS YOU WILL BRING TO THE TEAM

  • A mission‑driven individual with a belief in and commitment to First Place, and an affinity to working with foster care youth transitioning to adulthood.
  • Proven senior‑level managerial and operational experience, problem solving, and financial experience in the nonprofit sector; executive experience in similarly sized public or private sector organizations.
  • Exceptional oral and written communication skills, including the demonstrated ability to research, assimilate and analyze information, compose documents, and present data in a clear and concise manner to appropriate personnel, including top management, program staff and / or Board of Directors. Aptitude for gathering and evaluating financial information and making actionable recommendations to senior leadership.
  • Familiarity with managing a variety of sources of grants and contracts, and gathering accurate financial data for government and foundation grant proposals and reports. Experience leading budget development, financial modeling and forecasting processes in an organization with multiple sites and diverse funding streams. Comprehensive and expert knowledge of internal controls, FASB, GAAP, government accounting policies, cost allocation procedures and fund accounting is desirable.
  • Sophisticated leadership skills and presence developed through a minimum of eight to ten years of progressive financial leadership experience, preferably in a high‑growth, best‑in‑class organization with a youth‑facing and / or direct service focus. Demonstrated values‑based leadership and the highest levels of personal and professional integrity. Exemplary people management skills, with the ability to link the development of people with achievement of organizational outcomes. Strong cross‑functional capacity to both lead and participate across teams to define issues and agree on processes, strategies and outcomes.
  • Strongly results‑driven with detail orientation; demonstrated ability to think strategically while executing tactically within a resource‑constrained environment. Ability to either take direction or work independently as the situation requires.
  • COMPENSATION AND BENEFITS

  • Salary up to $230,000, medical / dental / vision, 401(k) savings plan, and paid sabbatical.
  • CONTACT

    This retained search is managed by Mary Law Executive Search, the Bay Area leader in placing nonprofit and private school Finance and HR professionals.

    Mary Law

    mary@marylawexecutivesearch.com

    925-785-6991

    Discover Our Impact : marylawexecutivesearch.com

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