Chief Financial Officer

Executive Search Chief Financial OfficerLos Angeles CA

Sterling Search Inc. has been exclusively retained to recruit the new Chief Financial Officer (CFO) for Homeboy Industries (Homeboy): Opportunity

Homeboy Industries is not simply a place to work its a community united by purpose. Every person who chooses to join the staff the Board the program or one of our social enterprises is here for something bigger: to be bold to imagine possibilities beyond the obvious and to stay committed to abundance hope and the transformative potential of what comes next.

This culture of courageous vision has fueled extraordinary recent years Homeboy Industries has launched innovative programs expanded into housing for the first time

executed major capital campaigns established a venture fund and grown annual revenue from $34 million to $55 million.

As our next Chief Financial Officer you will play a pivotal role in guiding and sustaining this momentum. From selecting and implementing a new ERP system to structuring the financial stack for upcomng capital projects to building analytical dashboards that drive strategic decision-making to desining systems capable of integrating increasingly complex government funding your leadership will help shape the next era of Homeboys impact.

If you are energized by complexity motivated by intellectual challenge and driven by creating abundance for others this may be the opportunity where your expertise and your purpose finally meet.

About Homeboy Industries

Homeboy Industries is the largest gang rehabilitation and re-entry program in the world and has become a highly recognized and one of the most respected brands within the nonprofit industry. It operates as a nonprofit 501c3 with annual revenues exceeding $55 million more than $100 million in assets and a $60 million investment portfolio. For over 30 years it has stood as a beacon of hope in Los Angeles providing training and support to formerly gang-involved and previously incarcerated individuals allowing them to redirect their lives and become contributing members of the community. Homeboy Industries has also become a blueprint for more than 350 organizations and social enterprises around the world from Alabama and Idaho to Guatemala and Scotland.

Each year more than 10000 former gang members from across Los Angeles come through Homeboy Industries doors in an effort to make a positive change in their lives. They are welcomed into a community of mutual kinship love and a wide variety of services ranging from tattoo removal and anger management to parenting classes.

Currently services are delivered to more than 450 people through a thoughtful strategically designed 18-month program that prioritizes healing just as much as it builds work-readiness skills. These services are made possible through Homeboys unique social enterprises which began with a single bakery and have since grown into 16 different businesses. Its overarching goal is to help individuals heal from trauma allowing them to contribute fully to their families and communities.

The organization strives for five key outcomes:

• Reduce recidivism
• Reduce substance abuse
• Improve social connectedness
• Improve housing safety and stability; and
• Reunify families

Position Overview

The new CFO will be joining Co-CEOs Steve Delgado and Shirley Torres along with a strong C-suite of executives. The Co-CEOs are seeking a CFO who will bring a strategic approach to all financial functions while building a robust high-performing team.

Position Description

Role Summary

The Chief Financial Officer is a strategic thought partner who plays a vital role in shaping the organizations financial future. Reporting to the Co-CEOs the CFO will spearhead value creation and is responsible for overseeing all financial operations including audits contract administration financial enterprise systems real estate development projects and related public and private funding transactions investment and cash management volunteer committee and staff management and government grant billing and reconciliation.

With a budget of $50 million the CFO leads the development of the organizations financial strategy and provides guidance on all financial matters making recommendations and suggesting proactive strategies to ensure the organization remains financially sound.

Essential Job Duties

Strategic Leadership

• Serves as a strategic thought partner to the Co-CEOs and Board of Directors helping shape the organizations long-term vision priorities and mission trajectory.
• Serves as a key member of the executive team by leading organization wide strategic planning efforts ensuring that goals initiatives and operational systems align with the mission financial capacity and long-term growth objectives.
• Translates vision into financially actionable strategies and measurable outcomes that drive organizational effectiveness and impact.
• Anticipates emerging financial trends opportunities and risks guiding the organization toward innovative mission-aligned solutions.
• Fosters a culture of forward-thinking leadership continuous improvement and crossdepartmental collaboration.
• Works effectively with the Co-CEOs on investment opportunities evaluating and developing plans for growth to increase organizational stability including supporting the continued development of social enterprise opportunities.

Financial Acumen & Oversight

• Works closely with the Co-CEOs Executive Team Leadership Team and Board to review monthly and quarterly financial reports dashboards and KPIs while identifying investment opportunities and associated risks.
• Staffs the Investment and Finance Committees of the Board of Directors and attends all Board meetings to provide operational and financial insight and ensure effective governance support.
• Oversees budget development and implementation cash flow forecasting and the development implementation and monitoring of short- and long-term fiscal strategic goals and operational metrics.
• Ensures ERP financial systems are optimal providing relevant and actionable financial information across all organizational levels.
• Develops and oversees a robust treasury function including cash management liquidity planning and investment strategy including portfolio strategy performance monitoring alignment of investment decisions with long-term financial objectives banking relationships and long-term capital structure optimization.
• Designs and manages a comprehensive compliance framework for government awards ensuring proper cost allocation documentation subrecipient monitoring and adherence to Uniform Guidance and other regulatory standards.
• Works closely with the Co-CEOs to develop financing and capital structures (equity and debt) to support construction projects and loans. Assists a team of construction professionals with projects managing land acquisition pre-development and land entitlement development and construction as well as post-construction operations.
• Collaborates with the Co-CEOs and Executive Leadership Team to develop and implement industry-wide best practice policies procedures and internal controls in accordance with GAAP OMB and other public and private contract regulations.
• Proactively develops transparent forecasting capabilities that enable senior leadership to make data-driven forward-thinking decisions in a multi-program environment that accounts for risk.
• Oversees all accounts ledgers and reporting systems ensuring compliance with regulatory and audit requirements.
• Maintains internal control safeguards and coordinates all audit and tax return activities.
• Manages the preparation of all financial reports outlooks and forecasts; designs and produces management reports and financial statements in accordance with GAAP and donor requirements.
• Provides strategic guidance to evaluate drive continuous improvement and implement scalable systems while eliminating low-tech procedures and processes that impede efficiency.

Staff & Trust-Building Leadership

• Fosters trust and collaboration among team members and builds buy-in with varied stakeholder groups managing change with flexibility and poise.
• Effectively manages relationships with the executive team senior leadership board members banks donors government agencies vendors consultants and other internal and external stakeholders.
• Provides guidance and direction to engage and support team members at all levels while ensuring a culture of accountability.
• Develops and trains a lean nimble high-performing Finance team while promoting professional growth.

Job Qualifications

Education and Experience

• A bachelors degree in Business Administration Finance or Accounting from an accredited college or university is required.
• An MBA or a masters degree in a related field is preferable.
• A minimum of ten (10) years of progressive accounting or financial leadership experience is required including at least two (2) years as a Chief Financial Officer or five (5) years as the second-in-command of a finance function.
• Significant experience in a mid- to large-sized nonprofit organization is required.
• Experience managing government-funded contracts is preferred.

Certificates Licenses and Registrations

• An active Certified Public Accountant (CPA) license in California is preferred.

Knowledge Skills and Abilities

• A strong commitment to advancing Homeboy Industries mission.
• Deep familiarity with working across multiple funding sources including local state and federal funding as well as annual giving special event charitable donations private grant funding and capital campaigns.
• In-depth knowledge of GAAP Uniform Guidance and the internal control framework provided by COSO as well as federal state and local regulations regarding the provision of housing services and real estate fiscal administration.
• Experience working with data from diverse departments including contract management philanthropy procurement IT marketing and logistics to identify problems and implement effective solutions.
• Strong critical-thinking skills with the ability to solve complex problems and plan strategically for the future.
• Ability to manage time effectively delegate tasks motivate employees and make sound decisions.
• Strong ability to identify risks early and develop mitigation strategies to prevent crisis-level situations. When crises are unavoidable the CFO can effectively collaborate with various departments to contain and manage crisis situations including compliance IT security and human resources.
• Demonstrates the ability to embrace change and lead the implementation and integration of ERP financial systems and other technologies to improve accuracy increase productivity and drive operational efficiencies.
• Ability to establish and maintain effective working relationships with both internal and external stakeholders.
• A proven track record of honesty and high standards for ethical business practices.
• Demonstrates cultural competence and sensitivity when working with diverse groups across lines of race ethnicity religion sexual orientation class ability gender and other identities.
• Strong written and verbal communication skills with the ability to effectively communicate with diverse stakeholders from those who work on behalf of Homeboy Industries to executives and investors both verbally and in writing.
• Ability to assess decisions by considering liability financial implications and potential future impacts on the organization.
• Strong interpersonal skills and the ability to build and cultivate effective relationships with key stakeholders to accomplish established goals.
• Proficiency with technology including the Microsoft Office Suite (e.g. Word PowerPoint Excel and Outlook) with advanced Microsoft Excel skills.

Salary

Homeboy Industries offers a comprehensive compensation package which includes a salary range of $200000 to $250000.

TO APPLY KINDLY CONTACT:

Direct all correspondence emails and telephone calls to Sterling Search Inc. Any resumes sent or telephone calls made to Homeboy Industries will be redirected to Sterling Search Inc.

Required Experience:

Chief