Chief Financial Officer
2 weeks ago
Founded in 1921, the Los Angeles Urban League serves, educates, and empowers African Americans and all others in underserved communities achieve their highest true social parity, economic self-reliance, and civil rights. The League promotes this empowerment through education and job training, housing and community development, workforce development and entrepreneurship, with a vision of transforming our community’s health and quality of life, fostering true generational change.
About this jobThis position is open to local candidates only as it will be based onsite in our Los Angeles office.
WORK SCHEDULE/ADDITIONAL INFORMATION:
Full Time
In-Office
Travel required periodically
Reliable transportation and a valid driver's license
Strategy, Planning and Management
Chief Financial Officer serves as key member and strategic business partner to CEO & executive leadership team.
Assess and evaluate financial performance of the organization with regard to long-term operational goals, budgets, and forecasts.
Provide insight and recommendation to both short-term , long-term and fiscal growth plan of organization.
Identify, acquire and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency.
Communicate, engage, and interact with the Board of Directors, CEO, COS, and Executive Leadership Team.
Create and establish yearly financial objectives that align with the company’s plan for growth and expansion.
Select and engage consultants, auditors, and investors.
Recruit, interview and hire finance, accounting and payroll staff as required.
Participate in pivotal decisions as they relate to strategic initiatives and operational models.
Interact with and align the Finance department’s fiscal KPI’s with the Board of Directors’ plans, fiscal initiatives and recommendations.
Implement policies, procedures, and processes as deemed appropriate by the executive leadership team.
Financial Analysis, Budgeting and Forecasting
Prepare and present monthly financial budgeting reports including monthly profit and loss by program and department, forecast vs. budget by program and department, and weekly cash flow by program and department.
Review and analyze monthly financial results and provide recommendations.
Identify, develop and execute analysis of business initiatives.
Develop and maintain monthly operating budget and annual company operating budget.
Participate in weekly conference calls, with donors, consultants, vendors, and executive leadership team.
Accounting, General Ledger, Administration and Operations
Supervise the finance department to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems and supervise finance department staff.
Review and ensure application of internal controls. SOX compliance and financial procedures.
Ensure timeliness of and accuracy of financial and management reporting data for federal funders, foundations, partners and company’s board of directors.
Preparation and communication of weekly, monthly and annual financial statements.
Preparation and timely filing of all local, state and federal tax returns.
Ensure SOX compliance regarding all financial functions.
Work with Human Resources to ensure appropriate legal compliance.
Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies.
Serve as key point of contact for external auditors. Manage preparation and support of all external audits.
Manage cash flow planning process and ensure funds availability.
Oversee cash, investments, and asset management.
Explore new investment opportunities and provide recommendations on potential returns and risks.
Maintain outstanding banking relationships and strategic alliances with vendors and business partners.
Utilize forward-looking models and activity-based analysis to provide financial insight ino the organization’s plans and operating budgets.
Finance and Accounting Team Management
Mentor and develop an effective and efficient finance team, manage work allocation, systems training, and performance evaluations.
Cash Management
Oversee weekly cash management and accounts payable. Supervise accounts receivable management and provide guidance relating to the collection process.
QualificationsBachelor’s degree in accounting or finance required
CPA or MBA required
5 years minimum experience as CFO for a Non-Profit Organization. Must have experience with government grants.
10 + years total accounting or finance experience
Outstanding knowledge and understanding of GAAP, IFRS, and SOX compliance.
Background coordinating with I.T. department to manage and/or upgrade accounting system.
Systems implementation experience strongly preferred.
“Hands On” Software Experience - QuickBooks, SAP Concur, Salesforce experience preferred.
Outstanding communication and presentation skills.
Demonstrated leadership ability, confidence and executive presence - ability to motivate staff.
Excellent analytical, reasoning, and problem-solving skills.
Analyze and interpret performance indicators and related data
Significant experience working with external auditors, internal controls and compliance-related issues.
To applyAs part of our application process, we ask that you submit a cover letter with your resume via LinkedIn.
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