About Pacific Charter School Development:
Pacific Charter School Development, Inc. or PCSD (www.pacificcharter.org), a California non-profit public benefit corporation, is the leading developer of charter school facilities nationally. PCSD’s mission is to deliver quality-learning environments for charter schools in underserved communities. Charter school operators face a number of challenges as they work to reform education in our nation – and more than 40% of operators report having stable, affordable facilities as a leading day-to-day issue and a major investment of their time that should be spent educating.
PCSD manages revolving equity funds and real estate development activities in three regions – Los Angeles, San Francisco Bay Area, and Washington State. PCSD also provides support to markets such as Boston, Memphis, New Orleans, and Phoenix. In total, PCSD has constructed 50+ new facilities serving over 26,000 students, primarily in the California market, with a goal to serve 20,000 more students within the next five years. PCSD’s clients include some of the highest performing charter operators in the nation including Green Dot Public Schools, Alliance College-Ready Public Schools, Summit Public Schools, KIPP Bay Area Schools and many more.
This is a full-time position located in Los Angeles, CA.
For more information on Pacific Charter School Development, please visit http://www.pacificcharter.org/
PCSD is currently seeking a skilled Chief Financial Officer (CFO) to drive its facilities investments and financial management strategies, as well as contribute to the development and achievement of the organization’s goals to support the mission. This dynamic CFO will be responsible for over $100MM in facilities financing.
The ideal candidate will be a seasoned and mature leader with at least 10 years of finance and accounting experience, and at least 5 years of experience in real estate transactions. The CFO will report directly to the Chief Executive Officer (CEO) and manage PCSD’s Finance and Accounting team to oversee day-to-day finance and accounting activities.
The CFO will also work closely with the CEO and Chief Operating Officer (COO) in guiding and executing the organizations overall goals and financial strategy. The responsibilities of the CFO include but are not limited to:
- Work with CEO and COO to allocate PCSD equity funds to individual projects
- Coordinate and oversee the securing of debt financing for all projects
- Negotiate all debt covenants with lenders
- Track PCSD progress against debt covenants
- Oversee all required reporting to lenders
- Coordinate loan disbursement requests for 2-3 projects at one time
- Oversee and consult with Vice President – Project Finance on the review of project budgets and financing plans for potential new projects
- Create operating budget cash flow and project investment cash flow by region and for central office operation
- Consolidate regional cash flow projections into consolidated PCSD cash flow
- Present budget to PCSD Board for approval before beginning of fiscal year
- Update budget with actual results throughout year and revise annual projection going forward
- Present budget-to-actual results and major changes to projection to Board of Directors
- Maintain 3-5 year projection based on latest information
- Oversee Bookkeeper and Controller
- Manage PCSD’s treasury accounts, including maintenance of online access and effecting all necessary transfers between accounts
- Weekly review of accounts payable and accounts receivable, provide direction to Bookkeeper on necessary follow-up
- Open and review all monthly bank statements
- Act as signatory for all bank transactions
- Review quarterly financial statements, distribute finalized statements to various stakeholders
- Oversee annual financial audit, sign off on final audit report
- Work with Controller and outside accountant to oversee annual tax filings
- Collaborate with CEO and Director of Strategy to provide all required reports to existing philanthropic donors
- With CEO, ensure that necessary project equity funds are secured for projects within 12 months of need for such funds
- Oversee all of PCSD’s commercial insurance needs including builder’s risk and property insurance
- Administrate PCSD’s benefits program including review of coverage options and assessment of budget impact of options
- Manage and update all corporate HR policies
- Supervise execution of payroll with external payroll vendor
- With Controller, oversee the PCSD 401k program, including annual filings and communications to employees
The Chief Financial Officer must be a highly skilled operational and strategic leader. The successful candidate will be a hands-on partner managing all financial operations and supporting business planning and business development. Other desired skills and qualifications include:
- 5+ years of real estate development experience, preferably with 3+ of charter school development experience but not required
- 3+ years of experience managing interdisciplinary team of professionals
- Ability to demonstrate strong sense of problem solving (independently overcoming roadblocks and offering “workaround” solutions)
- Effective communication skills, with ability to communicate issues clearly to diverse stakeholders across a large, cross-functional project team
- Ability to synthesize information from multiple sources and distill the most important takeaways to guide next steps
- Organized, detail-oriented, proven history of excellent performance
- Strong teamwork and team building skills
- Interest in reforming public education; mission-driven
- Bachelor’s degree from a university required
- MBA or C.P.A. strongly preferred
Compensation & Benefits:
Salary is competitive and commensurate with experience.
Pacific Charter School Development has engaged Liz Lombard and Shavon Bell of Koya Leadership Partners to help in this hire. Please submit a compelling cover letter and resume here.
Pacific Charter School Development is an equal opportunity employer and strongly encourages applications from people of color, persons with disabilities, women, and LGBT applicants.
About Koya Leadership Partners:
Koya Leadership Partners is a national retained executive search and human capital consulting firm that works exclusively with nonprofits and social enterprises. We deliver measurable results, finding exceptionally talented people who truly fit the unique culture of our client organizations and ensuring that organizations have the resources and strategies to support them. For more information about Koya Leadership Partners, visit www.koyapartners.com.