Chief Financial Officer
California Capital
Sacramento, CA
Full-time, 3x a week in office
Established in 1982, our client, California Capital Financial Development Corporation (California Capital), is a non-profit that since 2002, has been a certified Community Development Entity (CDE) in California and a U.S. Treasury-certified Community Development Financial Institution (CDFI).
California Capital has supported the community through accessible capacity-building and access to capital programs for small and microenterprise businesses and entrepreneurs, with a focus on low-wealth and underserved communities.
California Capital provides technical assistance through a very robust continuum of services including business training, 1:1 counseling and lending programs that includes direct lending and the administration of the State of California Small Business Loan Guarantee Program.
California Capital seeks to hire a new Chief Financial Officer. The Chief Financial Officer (CFO) is a key resource of the Executive Leadership Team and is responsible for all aspects of California Capital’s finances. The CFO reports to and works closely with the Chief Executive Officer (CEO) to collaboratively develop and implement strategic plans and ensure the successful financial performance of the company. We are in search of a CFO who will bring strategic and visionary leadership to the organization.
The CFO will serve as a strategic financial leader with responsibility for broad oversight and protection of the assets of California Capital. This includes direct responsibility for all day-to-day issues related to financial and capital planning & analysis, accounting, cash management, banking relationships, process improvement, risk assessment, compliance, short- and long-term budgeting, forecasting, reporting, audit and tax.
Responsibilities:
Strategy & Management
- Lead the financial strategy and planning, management, and reporting, including related management and policies, procedures, financials systems, key accounting processes and activities to support California Capital’s mission.
- Manage the operations of the Financial Reporting & Accounting staff including professional development, and training in accordance company policies and other strategic objectives.
- Ensure the organization has the proper administrative, operational and reporting procedures to grow while also ensuring financial strength and operating efficiency.
Advisory
- Serve as an in-house resource for strategic guidance and insights to internal programs as needed.
- Present financial information to California Capital’s Board of Directors as assigned by the Chief Executive Office.
- Participate actively in short- and long-term strategic planning initiatives to implement California Capital’s mission and communicate performance and impact.
Budget
• Analyze business and financial trends, existing performance indicators to assist in the development of strategic business plans and objectives.
- Responsible for operating budget development and annual goals, including multi-year planning and forecast.
- Establish policies and control of internal expenses and justifications of budget(s) including processing and monitoring program budgets.
- Monitor actual company operating performance to approved operating budget for current period on a quarterly basis, including investigation and explanation of variances to the CEO.
Treasury
- Develop investment and management strategies for California Capital.
- Oversee cash flow optimization through cash management planning.
- Monitor/ensure adequate cash flow to meet the organization’s operational and capital needs
- Develop working partnerships and build solutions with key partners
• Provide oversight for all any cash shortfalls and ensure debt and tax obligations are satisfied on a timely basis.
Audit/Other
- Serve as the management liaison to auditors and oversee the annual audit
- Identify and manage financial risks that could impact the organization’s stability and reputation, devising
- risk mitigation strategies, implementing internal control systems, and ensuring strict adherence to regulatory and funder guidelines.
Knowledge, Skills and Abilities:
- Familiarity and in-depth experience with financial operations, business processes and staff management.
- Knowledge of Community Development Financial Institutions (CDFIs), and/or economic development a big plus
- Corporation and non-profit management a plus.
- Strong knowledge of financial reporting, audit, internal controls and data
- Experience in raising capital
- Strong writing, financial and analytical experience
- Strong interpersonal and communication skills and oral presentation
- Able to serve as a strategic finance partner to the CEO and the members of the senior leadership team; helps others learn and increase their financial acumen.
- Proven track record of success facilitating progressive organizational change and development within a complex organization.
- Experience working with an engaged Board of Directors in financial matters
- Experience leading and overseeing a team of financial and/or accounting professionals to ensure the effective management of financial operations.
- Bilingual candidates are encouraged to apply
Minimum Qualifications and Requirements:
- BA/BS in Finance, Accounting, Economics or Business Administration. MS degree in Finance and/or Accounting preferred, as well as CPA designation.
- Fifteen (15) years of related professional experience. Public Accounting Experience or recognized and established firm is a plus.
- Must be willing to attend events and meetings on behalf of California Capital as needed
- Must be proficient and comfortable speaking to large and small groups of people
- Read, comprehend and interpret written materials of moderate to complex difficulty
EMPLOYMENT TYPE: Regular, full time, exempt employee
Colleague and our client are committed to creating a diverse environment and are proud to be equal opportunity employers. All qualified applicants will receive consideration without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age or veteran status.
