Chief Financial Officer

Posted: Apr 22, 2024

Chief Financial Officer

Upward Bound House - Santa Monica, CA

Salary: $150,000.00 - $165,000.00

Application Deadline: N/A

About Upward Bound House

Upward Bound House is a community-based, social agency founded in 1991 to help mitigate the affordable housing crisis on the West side of Los Angeles County and its impact on homeless families with children.

Our mission is to eliminate homelessness among families with children in our community by providing housing, supportive services, and advocacy. We strive to reduce the number of homeless families with minor children who are hungry and living on the streets of Los Angeles, by helping them access basic resources and successfully transition into their own homes with the capacity to remain there permanently.

Since our inception, UBH has helped over 2,930 families - including more than 5,730 children - transition from homelessness into permanent housing, with over 90% of families remaining stably housed more than one year later.

Strategic Plan 2022 to 2023

In 2022, and in partnership with the Center for Nonprofit Management, the Board of Directors adopted a new strategic plan for 2023 through 2025. The Plan identified two north stars that are woven into the initiatives that flow from the plan:

Disrupting intergenerational homelessness

Centering financial sustainability for families

Study patterns show that intergenerational homelessness is on the rise. This occurs when two generations of a family experience homelessness: either together (i.e., family homelessness) or separately. The widening economic, social, and health disparities created over the last decades have exacerbated this trend, and we now see sequential generations of families experiencing homelessness. In order to end family homelessness, it is critical to develop and implement solutions for the entire family unit and not just the head of household. UBH's approach involves working directly with children within the family because data shows that generational poverty is a key driver of intergenerational homelessness. Children who grow up with housing insecurity and a lack of resources and opportunities are 3 to 4 times more likely to experience homelessness. Intentionally embracing children as central beneficiaries and participants in stabilizing families will be a game changer in ending family homelessness. Leveling the playing field for these children means access to educational, social, and health resources which will give them a chance to compete for opportunities that will lead to self-sufficiency.

The majority of homeless families cite economic reasons as the primary cause of their homelessness. Addressing this root cause is the key to ensuring housing stability. In centering financial sustainability as a lifestyle practice, UBH's approach is to empower each family to articulate what a sustainability practice looks like for them and then charting a pathway to achieve it.

Learn more about Upward Bound House at

The Opportunity

Upward Bound House has experienced significant growth over the past decade, expanding from a $1.5M to an $11M budget through a strategic and incremental approach to expansion. This deliberate strategy has enabled the organization to focus on building essential infrastructure and human capital for future sustainability.

In light of this, we are seeking a strategic and confident Chief Financial Officer (CFO) to join the Executive Leadership team and uphold this commitment to sustainability within the Finance and Accounting Department. Diplomatic and impactful, this individual will have the opportunity to build upon Upward Bound House's legacy of success while addressing the evolving needs of the communities we serve.

Reporting directly to the Chief Executive Officer, the CFO will oversee all finance, accounting, and reporting activities. They will play a key role in supporting presentations to the Board and Finance Committee and collaborate closely with the Senior Leadership Team. Responsibilities of the CFO will include leading day-to-day finance operations and supervising staff, with functional oversight of accounting, accounts payable, accounts receivable, payroll, and grants administration. Additionally, the CFO will ensure the implementation of effective systems and procedures to support program implementation and facilitate flawless audits. Furthermore, they will work closely with Senior Management and Human Resources to enhance and integrate finance functions where appropriate.

The CFO will join a dedicated and mission-driven team, collaborating with various contracts and funders with diverse needs and requirements. They will serve as a trusted leader, collaborator, manager, and advisor within Upward Bound House's leadership team. This presents an exciting opportunity for a financial leader with a genuine interest in making a meaningful impact in the Los Angeles community by addressing intergenerational homelessness.

Roles & Responsibilities

Finance and Accounting Leadership

Oversee all accounts, ledgers, and reporting systems ensuring compliance with appropriate GAAP standards and regulatory requirements.

Manage routine accounting functions (accounts payable, payroll, billing, client trust).

Maintain internal control and safeguards for receipt of revenue, costs, program budgets, and actual expenditures.

Month-end close and financial reporting to the Board of Directors and Senior Management.

Coordinate all audit activity (annual financial audit and grant audits).

Consistently analyze financial data and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements; monitor progress and changes; and keep the CEO abreast of UBH's financial status.

Lead UBH's annual budgeting and planning process; develop UBH's annual budget in collaboration with Senior Management; administer and review all financial plans and compare to actual results with a view to identify, explain, and correct variances as appropriate.

Support the CEO in engaging the Board's Finance Committee around issues and trends in financial operating models and delivery.

Oversee all financial, project/program, and grants accounting; ensure that expenditures are consistently aligned with grant and program budgets throughout the grant/fund period; collate financial reporting materials for government, corporate, and foundation grants.

Manage organizational cash flow forecasting by working in partnership with the program leadership; continuously collaborate with program leadership to assess the financial efficacy of program operations and establish finance and administrative systems to support program operations.

Manage and track the performance of invested assets in keeping with policies and investment guidelines.

Staff Finance Committee meetings.

Other duties as assigned.

Team Leadership

Leverage strengths of the current Finance team, help to clarify roles and responsibilities, and develop and implement training programs in order to maximize and reach optimal individual and organizational goals.

Provide leadership in strengthening internal communications with staff at all levels throughout the organization; create and promote a positive and supportive work environment.

Compensation & Benefits

Salary is competitive and commensurate with experience. The salary range for this role is $150,000 - $165,000 with a generous benefits package.

Contact

Koya Partners has been exclusively retained for this engagement. Express interest in this role by filling out our Talent Profile or ing the search team directly at [email protected]. All inquiries and discussions are strictly confidential.

Koya Partners l Diversified Search Group is committed to providing reasonable accommodation to individuals living with disabilities. If you are a qualified individual living with a disability and need assistance expressing interest online, please [email protected]. If you are selected for an interview, you will receive additional information regarding how to request an accommodation for the interview process.

Upward Bound House is an equal opportunity employer and strongly encourages applications from people of color, persons with disabilities, women, and LGBTQ+ applicants.

About Koya Partners l Diversified Search Group

Koya Partners, a Diversified Search Group company, is the nation's premier search firm dedicated to mission-driven leadership. Since its founding in 2004, Koya has had an exclusive focus on mission-driven clients and was founded on the belief that the right leader can transform an organization and have a deep and measurable impact on our world. Koya works with nonprofits & NGOs, responsible businesses, and social enterprises in local communities and around the world.

Diversified Search Group is consistently recognized by Forbes on its top 10 list of America's Best Executive Recruiting Firms and is an industry leader in recruiting transformational leaders for a changing world. The firm is deliberately different in its approach, with best-in-class teams who have decades of experience in cultivating inclusive leaders, understanding the dimensions of diversity, and building equitable teams.

Learn more about Koya Partners l Diversified Search Group via the firm's website.

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