Chief Financial Officer

Chief Financial Officer

Los Angeles LGBT Center

Los Angeles, CA   |   February 14, 2020

The Opportunity

The Los Angeles LGBT Center is seeking a dynamic, mission-driven Chief Financial Officer (“CFO”) to provide strategic leadership for the organization’s core financial operations and in support of the goals and objectives established by the Board, CEO and Chief of Staff. This is an ideal opportunity for a seasoned, hands-on finance professional to help continue the growth trajectory of an innovative and impactful community-serving organization that has nearly tripled in budget, from approximately $40 million in 2005 to a projected $150 million annual budget in the coming year. As a key member of the Executive Management Team, the CFO plays a critical leadership role in both the day-to-day operations and setting long-term strategy development and implementation.

Reporting directly to the CEO and Chief of Staff, the Chief Financial Officer directly manages the finance, treasury, accounting, tax, risk management, and information technology functions for the Center. The Chief Financial Officer will have supervisory responsibility and will manage, mentor, and develop senior-level staff including the Controller, Manager of Financial Planning, Senior Grants Manager, Accounting Manager, and Chief Information Officer. This leader will be based in the Anita May Rosenstein Campus in Hollywood.

About the Los Angeles LGBT Center

The Los Angeles LGBT Center (“The Center”) is the world’s largest LGBT organization of any kind, and one of the oldest. Since its founders first began providing services in 1969, the Center has cared for, championed, and celebrated individuals and families in Los Angeles and beyond. Today, in 10 locations across Los Angeles, the Center’s nearly 800 employees and hundreds of volunteers offer programs, services, and global advocacy that span four broad categories: Health Services, Social Services & Housing, Culture & Education, Leadership & Advocacy.

Despite the Center’s size, scope, and determination to meet the growing demand for services, the organization remains a lean, fiscally disciplined organization, earning a four-star Charity Navigator rating for nine consecutive years. The Center is an unstoppable force in the fight against bigotry and the struggle to build a better world; a world in which LGBT people are healthy, equal, and complete members of society.

To learn more about the Los Angeles LGBT Center, please click here.

Key Responsibilities

Strategic Planning and Leadership

  • Participate as a member of the Executive Management Team and provide strategic financial and analytical input into key Center decisions;
  • Provide key monthly financial reporting and meet with the Finance Committee of the Board, the Board itself and the Executive Management Team;
  • Act as a key member of a team developing two affordable housing projects to be completed in Q4 2020 for Youth and Seniors;
  • Manage all banking relationships for treasury functions, investments, and debt instruments.

Organizational Effectiveness and Process Improvement  

  • Develop and recommend accounting/financial policies, procedures, programs and strategies to provide overall financial management and direction for Center programs, particularly for the Center’s Health Services Program, which represents 66% of the Center’s budgeted expenses for FY 20 and includes Clinic Services, Mental Health Services, Community Health Programs, Research Program, and a 340B Pharmacy.
  • Prepare annual operating budgets and forecasts in partnership with management staff;
  • Proactively analyze program operating results to identify potential issues and opportunities;
  • Handle a variety of special projects, and other related duties, as assigned, including evaluating operations and making recommendations for improvements;
  • Select, develop, and evaluate departmental personnel.

Reporting, Audit, and Compliance 

  • Manage all reporting to the Center’s four Community Development Entities involved in the Center’s New Market Tax Credit transaction executed in June 2017 to partially fund the new Anita May Rosenstein Campus;
  • Serve as the primary contact with the Center’s outside auditors and tax advisers (BDO) and meet with the Audit Committee of the Board;
  • Coordinate the preparation and filing of required government reports, including IRS Form 990;
  • Manage all government contracts to ensure administrative and programmatic compliance and to maximize revenue, and work with programmatic staff to identify and apply for new sources of funding;
  • Implement, maintain and monitor financial and administrative controls necessary to safeguard all assets and to ensure the integrity of financial reporting.
Core Competencies

The Chief Financial Officer will be a detail-oriented and self-directed leader with strong interpersonal and communication skills. The CFO must have a demonstrated ability to lead the financial and accounting functions with corporate programmatic objectives and strategies. The CFO must have experience working with a diverse constituency of internal stakeholders and colleagues (e.g., Board of Directors, Executive Management Team, direct reports, and indirect staff), as well as outside vendors and partners (e.g., investment managers, financial institutions, and external audit firms). The CFO will be responsible for managing the relationship with an external investment manager and monitoring the success of the Center’s strategic investment fund. Additionally, the CFO must be mission-driven and have a passion for working in an environment committed to diversity, equity, and inclusion.

Successful candidates will have experience in complex financial leadership roles with deep knowledge of fund accounting principles and practices, and, ideally, government contracts and grant administration. Candidates from all sectors and professional backgrounds will be considered, however, there is preference for candidates with knowledge of nonprofit accounting and taxation. Experience in a Federally Qualified Health Center (FQHC) and/or a 340B Pharmacy is desired, but not mandatory to be considered for the role.

A Bachelor’s Degree in Accounting/Finance is required; CPA and MBA (or advanced degree) preferred. Successful candidates will also demonstrate the following professional and personal competencies:

Financial and Technical Expertise

The Chief Financial Officer must possess significant financial and technical expertise as a financial professional and business leader with the ability to be hands-on when needed. The CFO will be knowledgeable of generally accepted accounting principles (GAAP) and financial management, including fund accounting, cash management, budget and forecasting, debt-servicing, facilities management, government grants and contracts, and capital projects. The CFO must also be technologically savvy and will harness technology to inform strategic decisions, simplify workflows, avoid reduplication of efforts, and improve the overall operations of the organization. Additionally, the CFO will provide objective strategic and financial guidance to the Board, CEO, and Chief of Staff on organizational decisions and changes in policies and procedures, including proposals by other departments.

Strategic Thinking and Problem Solving

The CFO will be a strategic partner to the CEO, Chief of Staff, and Board of Directors implementing a financial vision, maintaining the organization’s financial health, and ensuring efficient operations across the Center. The CFO must be comfortable anticipating problems and developing proactive solutions, particularly when there may be no available precedents, guidelines, or policies. The CFO must have a track record of success devising innovative solutions and creative-problem solving by drawing upon experience, best practices, and outreach to colleagues.

Collaborative Leadership and Communication

The CFO will serve as a model of collaborative leadership and inspire others to work together to achieve a common purpose. The CFO will have the leadership experience and emotional intelligence to build effective connections across the organization, contributing to a culture of respect. The CEO will work closely with the CEO, Chief of Staff, and other members of the Executive Management Team as well as serve as an accessible hands-on partner to assist and advise program directors and business unit managers to tackle pressing priorities, explore possible opportunities, and address new and unforeseen challenges. The CFO will demonstrate an ability to communicate effectively with diverse constituencies who may not have a background in finance. This person will use their strong communication skills to effectively share expectations and information throughout the organization.

Organizational Development and Administrative Acumen

The Chief Financial Officer will regularly review organizational structure, staffing levels, and procedures to ensure alignment with present goals and future objectives. This leader will bring clarity to the roles and organizational processes so that responsibilities, goals, and ownership of objectives and key results are clearly delineated. The CFO should have experience recruiting and retaining high performing team members as well as providing professional development opportunities to promote individual, interpersonal, and organizational growth. The CFO will consequently suggest improvements and take responsibility for team performance, including celebrating successes and recognizing team members for noteworthy contributions.

Passion and Commitment to the Mission

The CFO will have a passion for the mission of Los Angeles LGBT Center and a commitment to supporting the goals of the organization. The CFO’s eye will consistently focus on the future and how to best position the Center as a leader in LGBT services and programs. On the most fundamental level, this leader will have experience with and cultural competency regarding LGBT people and of critical issues facing the LGBT community.

Contact

Koya Leadership Partners, the executive search firm that specializes in mission-driven search, has been exclusively retained for this engagement. Michelle Bonoan, West Coast Managing Director is leading this search, supported by Navid Nakai. To make recommendations or to express your interest in this role please visit this link or email Michelle and Navid. All nominations, inquiries, and discussions will be considered strictly confidential.

Los Angeles LGBT Center is an Equal Opportunity Employer. You are encouraged to apply regardless of your race, color, national origin, ancestry, sex, gender identity, marital status, religious creed, medical/physical/ mental condition, sexual orientation, Veteran status, or age.

About Koya Leadership Partners

Koya Leadership Partners, a member of the Diversified Search Group, is a leading executive search and strategic advising firm dedicated to connecting exceptionally talented people with mission-driven clients. Our founding philosophy—The Right Person in the Right Place Can Change the World—guides our work as we partner with nonprofits & NGOs, institutions of higher education, responsible businesses, and social enterprises in local communities and around the world.

For more information about Koya Leadership Partners, visit www.koyapartners.com.