Chief Financial Officer (CFO)

Company: Bay Area Community Resources
Location: El Cerrito
Posted on: April 14, 2025

Job Description:

Position Title: Chief Financial OfficerReports To: Chief Executive Officer (CEO)Location: San Francisco Bay Area. Hybrid: remote with limited in-personBenefits

• Compensation: $220-$235K annually (DOE)
• Paid BACR holidays
• Medical, dental, vision, mental health/wellness benefit, hospital indemnity, life insurance, flexible spending account (transit, medical, dependent), 403b program, pet insurance, WellHub
• Professional development opportunitiesPosition OverviewThe Chief Financial Officer (CFO) is responsible for managing the financial operations of BACR, ensuring the organization's financial health and sustainability. This role oversees all financial reporting, budgeting, forecasting, financial analysis, risk management and compliance requirements. The CFO works closely with the Chief Executive Officer (CEO) and Board of Directors to develop and implement financial strategies that support BACR's mission and goals. With oversight of an annual budget exceeding $100 million, the CFO is an integral member of the Executive Team, contributing essential strategic leadership to the agency. The CFO has four direct reports and a larger team of 20 staff. The CFO works very closely with the Director of Finance who manages much of the day-to-day operations.BACR has enjoyed decades of stable financial health. In the last four years, we've experienced rapid growth, doubling in size. Our financial health is strong as the vast majority of funding comes from long-standing contracts with school districts and a diverse slate of local, state and federal sources. BACR enjoys an excellent reputation throughout the Bay Area. While our recent growth is a clear marker of our success, it also brings with it complexity and challenges. We are still in the process of scaling up our processes, tools and teams to keep up with our growth. Most notably, we are in the process of implementing Workday (both the financial and human capital management systems). The CFO will play a critical thought-partnership role with the CEO and the Executive Team in implementing the recently-completed strategic plan, guiding the organization and building and managing the Finance/Accounting function.Mindsets
  • You wear bifocals: you understand the details, but you also see the big picture. You have the experience and skills to understand and manage the day-to-day, but you also have the strategic vision to see where we're going and how to get there.
  • You know how to juggle. You're comfortable being pulled in many directions, and are actually energized by the challenge.
  • People matter to you. You recognize the importance of the people on the team, how they're doing and what they need. You delight in developing people and coaching/mentoring is part of your leadership style.
  • You have an advanced degree in bridge-building. You understand the power of collaborating, getting buy-in and strong communications.
  • You're not afraid to color outside the lines. You are creative and resourceful in addressing challenges and solving problems.ResponsibilitiesFinancial Management
    • Manage and oversee all financial operations, including accounting, budgeting, forecasting, and financial analysis
    • Develop and implement best practices and tools to ensure a well-controlled yet flexible organization that has strong fiscal management, project coordination, cross-team communications, and workflows
    • Continuous evaluation - with the CEO and Chief Program Officer (CPO) - of the effectiveness and performance of our programs.
    • Prepare and present financial reports to the CEO and Board of Directors, providing analysis and recommendations as needed
    • Ensure compliance with all financial reporting and regulatory requirements, including tax filings, audits, and other reporting requirements
    • Manage relationships with external partners, including banks, auditors, and other financial service providersRisk Management
      • Analyze program financial impact and contribute to internal contract negotiation analysis, providing crucial insights on cash flow, historical reimbursement schedules, admin contribution, and other aspects affecting agency revenue, budgeting, and cash positions, including new program evaluations and debt considerations.
      • Work with CPO, senior program leaders, finance team, compliance, and contract managers to ensure timely payments and tracking of contracts, terms, and other financial controls impacting BACR.Budgeting and Forecasting
        • As part of our Annual Operating Plan (AOP) development process, develop and oversee the annual budgeting process, working closely with senior program leaders, and other stakeholders to develop realistic and achievable budgets
        • Monitor actual performance against budget and provide regular updates and analysis to the Senior Management Team, the CEO and Board of Directors
        • Develop and maintain financial forecasting models that support long-term financial planning and decision-makingStrategic Planning and Leadership
          • Work closely with the CEO and Senior Management Team to develop and implement strategic plans and goals that support BACR's mission and vision
          • Provide leadership and mentorship to the finance team, fostering a culture of continuous improvement and professional development
          • Work with executive leadership to critically analyze new and existing contracts for financial and programmatic viabilities.Board Relations and Reporting
            • Report on the financial performance of BACR to the Board of Directors and its Finance Committee, including regular updates on budget performance, forecasts, cash flow, and financial risks and opportunities. Work closely with the Board Treasurer on budget, monthly financials and other financial planning for the Board.
            • Work closely with Board Audit Committee in selection and oversight of Auditor; signoff of Audit
            • Represent BACR at internal and external events and meetings, providing financial guidance and support as neededTax Filing and Compliance
              • Oversee all tax filings and compliance requirements, ensuring that the BACR is in compliance with all relevant laws and regulations
              • Direct internal and external compliance audits including the GAAP and OMB A-133 audits. Prepare and make available as required.
              • Supervise internal audits as required and ensure timely and accurate preparation of annual external audits and related information for all entities.
              • Work with CEO to secure and manage bank line of credit; direct audits and all reporting requirements for the bankRequired Skills & Qualifications
                • Bachelor's degree in Accounting, Finance, or related field; MBA or CPA strongly preferred At least 10 years of progressively responsible experience in financial management, with a minimum of 5 years in a non-profit organization
                • Experience in managing budgets in excess of $25M
                • Managing multiple programs and funding streams
                • Proven track record of successful financial management, including experience developing and implementing financial strategies, managing budgets, and overseeing financial reporting and compliance
                • Excellent leadership and management skills, with experience building and leading high-performing teams
                • Excellent analytical, problem-solving, and decision-making skills
                • Strong communication and interpersonal skills, with the ability to communicate financial information to non-financial stakeholders
                • Demonstrated commitment to the values of diversity, equity, inclusiveness and belonging.Preferred Skills & Qualifications
                  • Workday, Oracle, NetSuite, MS Dynamics or similar financial management systems
                  • Experience with public school districts, AmeriCorps and/or government funding
                  • Federal audit experienceABOUT USBay Area Community Resources (BACR) is a non-profit organization with over 2000 staff and a $100M+ budget delivering a wide range of services to schools and other community settings throughout the San Francisco Bay Area and California. We have a proud history of providing high quality services to Bay Area communities for over four decades. Services are clustered in program areas that include Expanded Learning, Behavioral & Mental Health, Healthy Communities & Schools, National Service (AmeriCorps), and Workforce & Re-entry. Each year, BACR provides strengths-based, trauma-informed services to tens of thousands of people.In short, we do good work.And we're looking for inspired, passionate people who want to effect profound change and have fun doing it.BACR is an equal opportunity employer. We celebrate, support, and thrive on diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment w/o regard to perceived age, marital or familial status, religion, gender, gender identity, gender expression, sexual orientation, race, creed, color, genetic information, ancestry, national origin, physical or mental disability or military status.The pay range for this position is what we reasonably expect to pay. Individual compensation is based on various factors including experience/education, skillset, and geographic location.#hp
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Keywords: Bay Area Community Resources, Palo Alto , Chief Financial Officer (CFO), Accounting, Auditing , El Cerrito, California