Jewish Community Foundation of Los Angeles
(Los Angeles, CA)
Title: Chief Financial Officer
For more than 67 years, the Jewish Community Foundation of Los Angeles (The Foundation) has helped individuals, institutions and professional advisors have the greatest possible impact on both the Jewish community and the community at large.
The Foundation is the largest manager of charitable assets and the leader in planned giving solutions for Greater Los Angeles Jewish philanthropists. With assets of $1.5 billion, 1,400 donor families, and a 65-year history of strength and stability, the Jewish Community Foundation of Los Angeles is a respected leader among the top 10 foundations in Los Angeles. Over the past 10 years, The Foundation has distributed $1 billion in grants to thousands of nonprofits. The Foundation’s investments include multiple investment pools, 33 support foundations, and many other investments, including over 200 accounts at more than 20 banking and investment firms.
For more information, please visit www.jewishfoundationla.org.
Reporting to the President and CEO, the Chief Financial Officer sets the financial policy and direction while also being an active leader of the organization’s overall strategy. The CFO leads all financial administration, business planning and budgeting. As a member of the senior team, the CFO works closely with the Finance, Audit, and Investment Committees of the Board of Trustees.
Under the direction of the Investment Committee and working with multiple investment consultants, the CFO is responsible for cash management and all investments. The CFO represents the Foundation in relationships with auditors, a multitude of investment advisors and managers, legal counsel and risk managers. In addition, the CFO represents the Foundation in discussions with donors and their representatives as appropriate regarding investments and grantmaking funds.
The CFO leads the accounting, grants management, human resources, legal, and information technology functions. The CFO has two direct reports (Vice President of Finance and General Counsel) and oversees a team of 12. Responsibilities include but are not limited to:
- Partner with the CEO and EVP on all operational and strategic issues.
- Oversee the preparation and approval of all financial reporting materials and metrics for the Board of Trustees; prepare and communicate financial statements.
- Manage cash flow and forecasting; direct all financial accounting, including complex fund accounting.
- Ensure that accounting staff maintains financial records in accordance with Generally Accepted Accounting Principles; monitor use of all funds.
- Maintain oversight of grants management due diligence function (via General Counsel), which processes 12,000 grants per year.
- Oversee all finance, human resources, and IT procedures. Review all benefits negotiated and ensure that all IT systems and programs meet The Foundation’s evolving needs.
- Oversee budgetary planning and cost management.
- Develop and manage direct staff and guide multi-disciplinary teams out of direct span of management.
TRAITS AND CHARACTERISTICS DESIRED:
The successful candidate will be a proven leader with a track record of success in a complex, dynamic environment. The CFO will be a strategic thinker, creative developer of people and programs, a self-starter with a proven ability to take initiative, and an agile tactician. The ideal candidate must be diplomatic yet decisive, exhibiting solid listening skills and taking into account input from various constituencies and willing to make decisions as necessary.
A relationship builder, the CFO will have the ability to develop and maintain effective professional working relationships within The Foundation, the Board of Trustees, and the community. The ideal candidate will have excellent interpersonal skills and will be an open yet tactful and persuasive communicator, both verbally and in writing. The successful candidate will have confidence when working with donors and individuals of high net worth.
The CFO will be visionary with solid strategic planning skills as well as comfortable with day-to-day management. The candidate will be politically astute, good at setting priorities, and have the ability to deal with multiple tasks and functions simultaneously in a fast-paced environment. In addition, CFO will have exceptional organizational and administrative skills. The ability to plan, set goals and objectives, prioritize, organize, and follow through is important. Although The Foundation has $1.5 billion in assets, the CFO will have the motivation and drive to continue to grow the endowment.
The ability to be innovative, proactive, forward thinking team player and leader while also being a hands-on administrator willing to do what is necessary to get the job done. The CFO must also be a model of integrity, fairness and have high ethical standards. Ingenuity, compassion, dedication, maturity, and energy are key attributes that will be valued. Above all, the CFO must be passionate about the mission of The Foundation and comfortable with the Jewish community and its traditions.
CAREER TRACK LEADING TO THIS POSITION:
The CFO will be a seasoned leader with at least ten years of broad finance and investment experience, including experience managing finance, investments, grants management, human resources, legal, and IT for a dynamic nonprofit organization. The successful candidate will have experience in managing accounting operations at high-volume, complex organizations. The CFO should have at least ten years of broad finance experience gathering and evaluating financial information and making actionable recommendations to senior leadership. Experience working with investment consultants and money managers is required.
A bachelor’s degree preferably in accounting or a related field is required. An advanced degree and a CPA are strongly preferred.
The salary range is $270,000 to $300,000 based on experience. Relocation assistance, if needed, is negotiable. A comprehensive benefits package will be provided.
Electronic submission is required. The Foundation requires documentation of COVID-19 vaccination of all employees.
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