Para Los Niños, Chief Financial Officer
Edgility Consulting, United States
Job Description
ORGANIZATION
Founded on Skid Row in 1980, Para Los Niños (PLN) provides education and wraparound support, serving over 10,000 children, youth, and families annually in some of the most underserved areas in Los Angeles. PLN fosters pathways to success by striving for excellence in education, family support, comprehensive social-emotional, and community-based services. The organization has a total budget of more than $50M and 430 plus staff members. Through early education, TK-8th grade education, youth workforce services, and family and community services PLN’s model provides a comprehensive, holistic approach to break the cycle of poverty and help children and youth thrive.
For more information about Para Los Niños please visit www.paralosninos.org.
OPPORTUNITY
As a member of the Executive Team and reporting directly to the CEO, the Chief Financial Officer (CFO) provides strategic leadership in the management of PLN’s finance and accounting functions and directly manages PLN’s relationships with lending institutions and the financial community. The CFO partners with the CEO, Executive Team, and the Board of Directors to give financial guidance and analysis in support of programmatic priorities, fundraising initiatives and long-term strategic planning. The CFO must be a strategic thinker and visionary financial leader who can work closely with board members and senior management to provide the numbers and analysis that helps them make the best short- and long-term decisions to ensure a financially thriving organization. This individual will also manage a highly competent and long tenured finance team and will be responsible for individual and team professional growth and development.
RESPONSIBILITIES
Key Responsibilities of the Chief Financial Officer include:
Accounting amp; Administration
- Provide oversight for overall department functions to ensure proper maintenance of all accounting systems and functions; supervise PLN’s finance staff.
- Lead the management and coordination of multiple complex revenue streams.
- Ensure maintenance of appropriate internal controls and financial procedures.
- Ensure timeliness, accuracy, and compliance of financial and management reporting for federal and state funders, foundations, and PLN’s Board of Directors.
- Coordinate audits and proper filing of tax returns.
- Ensure legal and regulatory compliance regarding all contracts and financial functions.
- Build department/program leaders’ capacity as budget owners.
Finance
- Oversee cash flow planning, cash investment and asset management, and banking relationships.
- Build relationships with Board and Finance Committee members, public agency representatives, auditors, lenders, and insurers.
- Oversee contract management, ensuring compliance and accuracy for all government and other contracts, and manages outsourcing of finance functions, as needed.
- Develop and implement financial policies and procedures to maintain compliance with state and federal regulations.
- Facilitate the preparation and presentation of monthly budget reporting and annual budget projections.
- Lead, in partnership with the Board Audit Committee, annual financial audits.
Strategic Leadership
- Oversee all fiscal and fiduciary responsibilities, in partnership with the CEO, Finance and Audit Committees of the Board of Directors.
- Set direction for the Board’s Finance and Audit Committees.
- Lead the vision and effectively communicate on long-term financial planning, forecasting, modeling, and organizational asset management.
- Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization’s operations and business plans.
- Assess financial implications of potential strategic and growth opportunities.
- Develop and maintain PLN’s annual budget and multi-year financial plan to ensure long-term financial health.
- Continuously improve the quality and effectiveness of PLN’s financial operations and internal controls; develop, implement, and regularly monitor financial goalsand track, analyze and report metrics.
People Management amp; Development
- Ensure that Finance team members are equipped to excel in their roles, develop professionally, and have a positive Para Los Ninos work experience.
- Oversee hiring, onboarding, coaching, performance management, and talent development of Finance team.
- Promote ongoing learning and development across the Finance team by identifying team areas for growth and collaboration.
- Foster a positive team culture and facilitate staff engagement by effectively connecting tasks to