Reporting to the CEO, the Chief Financial Officer (CFO) is a critical member of the executive team. The CFO is responsible for BGCMLA’s overall financial management and sets the strategic vision to ensure the organization is financially sustainable. Sophisticated forecasting, strategic planning and executive management of the department is essential for success in this position.
The CFO will be a leader in the truest sense: visionary, a builder, innovator, and focused on results in order to enhance and optimize BGCMLA’s operations. The CFO will excel at balancing patience with urgency given the demands of this multi-faceted role.
Specifically, the CFO will be responsible for managing the following critical areas:
*Executive Leadership:*
* Serve as a critical member of BGCMLA’s executive team. Collaborate across the executive team to facilitate and achieve the vision, mission, and strategic goals of the organization.
* Provide cultural leadership by modeling the values and priorities of the organization.
* Establish credibility throughout the organization and with the Board as an effective developer and implementer of solutions to business challenges. Work with the Board of Directors to ensure the realization of financial goals.
* Serve as the staff liaison to Finance Committee.
*Financial Leadership:*
* Provide strategic management of overall financial operations including accounting, reporting, budgeting, forecasting, financial analysis, treasury management, investment oversight, banking relationships, tax and regulatory filings, internal controls, annual audits, and property and asset management. Provide oversight and direction that drive accountability and excellence in the fiscal management of BGCMLA operations.
* Lead strategic enhancements to departmental processes and procedures (including accounts payable, grant reporting, accounts receivable, month end close, and financial statement preparation) that allow for continuous evolution in the design of transaction flow and increase overall efficiency and modernization of the department.
* Lead continuous adaptation of accounting practices and procedures into a modern accounting Saas application.
* Lead in the consistent adherence to well-designed internal controls and financial risk management practices that promote stewardship and proactively protect the organization’s financial assets.
* Optimize the handling of treasury relationships and initiate appropriate strategies to enhance cash position.
* Lead the creation and maintenance of budgets and budget to actual reports to provide relevant information to decision-makers, including reforecasting on a periodic basis (e.g., quarterly), or if an unusual/ unexpected event occurs (e.g., receipt of unexpected funding).
* Lead the creation and maintenance of forecasting tools to allow for appropriate financial strategic planning and decision-making.
* Lead the oversight of tracking and managing grants, including obtaining and preparing financial reports required to comply with specified grant requirements.
* Provide strategic leadership to aid data-driven decision-making (i.e. evaluation of potential alliances, acquisitions and/or mergers, and investments).
* Be an advisor from the financial perspective on contractual agreements.
* Lead and serve as the primary contact on compliance-related projects such as the annual financial statement audit, the annual 401K audit, tax compliance, and compliance requirements related to the fundraising efforts (e.g., the raffle, gala, etc.)
*Team Management:*
* Develop a first-rate team through employee selection, mentoring, training and development. Providing support, coaching and feedback, supervision, and guidance to direct and indirect reports.
* Manage team performance with clear performance objectives and enforcement of excellent internal controls.
* Establish and continuously evaluate the department’s performance metrics, team structure, and annual plans for continuous improvement.
* Provide team members with professional and personal growth through ongoing talent management practices, including leadership development, skill development, and position specific articles/books/training.
* Bachelor’s degree from an accredited college or university in accounting, finance, or business administration.
* At least three years of progressively responsible work experience managing the accounting functions in a non-profit organization or equivalent experience.
* Thorough knowledge of non-profit organizations’ budgeting and accounting practices, processes, and procedures.
* Strong understanding of accounting principles, financial management, and financial reporting.
* Knowledge of financial operations, including budgeting, forecasting, and financial analysis.
*Knowledge, Ability and Skills:*
* Strong analytical and problem-solving skills.
* Excellent organizational and time management abilities.
* Strong attention to detail and accuracy.
* Ability to maintain confidentiality and handle sensitive financial information.
* Good communication skills, both verbal and written.
* Ability to interact professionally with Club staff, Board members, volunteers, and other related agencies.
*Working Conditions and Driving:*
* Travel between Boys & Girls Clubs of Metro Los Angeles sites and schools, as well as in the community is required. Must meet the insurance standards of Boys & Girls Clubs of Metro Los Angeles.
* Work is performed in the community as well as in an office setting.
* Evening or weekend hours required on an as needed basis.
*Additional Requirements:*
* Pass criminal background checks.
* Pass (negative result) TB test.
* Provide proof of COVID vaccination + booster.
Job Type: Full-time
Pay: $160,000.00 – $170,000.00 per year