25 days old

Chief Financial Officer, Homeboy Industries

Sterling Search Inc.
Los Angeles, California
  • Job Type
    Employee
  • Job Status
    Full Time

Sterling Search Inc. has been exclusively retained to recruit for the Chief Financial Officer position for Homeboy Industries. 

Homeboy Industries provides hope, training, and support to formerly gang-involved and previously incarcerated men and women allowing them to redirect their lives and become contributing members of our community. Each year over 10,000 former gang members from across Los Angeles come through Homeboy Industries’ doors in an effort to make a positive change. They are welcomed into a community of mutual kinship, love, and a wide variety of services ranging from tattoo removal to anger management and parenting classes. Full-time employment is offered for more than 200 men and women at a time through an 18-month program that helps them re-identify who they are in the world, offers job training so they can move on from Homeboy Industries and become contributing members of the community - knowing they count!

In the 1980s, the city of Los Angeles was struggling to deal with escalating gang violence and gang membership. At that time, Boyle Heights had more gang members per capita than any other place in the country with as many as 2,000 people who could be killed in a given year. Around that time, Father Greg realized, with the help of many people in his parish, that he needed to provide jobs and education as alternatives to the gangs and the senseless violence they create. So, they started a small job program, "Jobs for a Future," as part of Dolores Mission in 1988. They became Homeboy Industries in 2001, and have grown to become one of the largest, most comprehensive and most successful gang intervention, rehabilitation and re-entry programs in the country.

Homeboy hasn’t been without its struggles especially during the recession when many had to be laid off and the offices went dark. It was the gang members that consoled Father Greg and, with the community and board of Directors In 2013 they embarked on a bold turnaround. Homeboy's board of directors raised $10 million in two years through individual donors and foundations and even managed to build up a reserve. In 2015 Homeboy, purchased a two-story office building in Chinatown to better serve the community.

Homeboy Industries, the 2020 recipient of the Conrad N. Hilton Humanitarian Prize,

Homeboy Industries has been growing significantly over the last few year and now has annual revenues of $28 million. They are poised for even more growth with the:

· Launch of its $15 million venture jobs fund to continue to build upon the momentum of success of their social enterprises and provide more quality employment for their graduates.

· $125 million capital campaign for its new transitional housing project, which is close to half-way complete.

· Initiative to grow and develop their graduate employees to middle and senior management roles.

Homeboy industries CEO, Tom Vozzo, describes their financial position as solid, with no long-term debt, clean audits, 4 months of cash reserve, a significant banking credit facility and solid systems and processes in place. The Finance committee is comprised of seasoned financial professionals and CPAs and is an effective volunteer committee.

The CEO is seeking an innovative and accomplished visionary leader to inspire staff, board and volunteers for even greater impact. He/she will be a hands-on financial leader who will, with the President/CEO and Board of Directors, have the experience to strategically position the financial structure of the organization for significant growth. He/she must possess intellectual horsepower and be naturally persuasive and fair, and value accountability for themselves and others. He/she will lead based upon a sense of core ethics of collaboration, self-improvement and the drive of excellence. The Chief Financial Officer will oversee a Finance Director, and a team of a Financial Analyst, an AP and an AR Manager, a Financial Consultant and 2 clerks as well as the IT Director and small team.

The Chief Financial Officer is a rare nonprofit leadership opportunity to make such a profound difference for those seeking hope and transformation through Homeboy’s doors today and, for its future.

 

Position Description

Reporting to the CEO the CFO directs the organization's financial planning and accounting practices as well as its relationship with lending institutions, shareholders, and the financial community by performing the following duties personally or through subordinate managers.

Key Responsibilities

· Oversees and directs treasury, budgeting, audit, tax, accounting, purchasing, real estate, long range forecasting, and insurance activities for the organization.

· Directs the Finance Director in providing and directing procedures and computer application systems necessary to maintain proper records and to afford adequate accounting controls and services.

· Directs and oversees the IT Director.

· Appraises the organization's financial position and issues periodic reports on organization's financial stability, liquidity, and growth.

· Directs and coordinates the establishment of budget programs.

· Coordinates tax reporting programs and investor relations activities.

· Analyzes, consolidates, and directs all cost accounting procedures together with other statistical and routine reports.

· Oversees and directs the preparation and issuance of the corporation's annual report.

· Directs and analyzes studies of general economic, business, and financial conditions and their impact on the organization's policies and operations.

· Analyzes operational issues impacting functional groups and the whole institution and determines their financial impact.

· Evaluates and recommends business partnering opportunities.

· Establishes and maintains contacts with stockholders, financial institutions, and the investment community.

· Execute all other reasonable duties as assigned by the CEO.

 

Supervisory Responsibilities

· Manages two subordinate supervisors who supervise a total of five employees in Finance and IT. Is responsible for the overall direction, coordination, and evaluation of these units. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.

 

Competencies

· Analytical - Synthesizes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data; Designs work flows and procedures.

· Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations; Uses reason even when dealing with emotional topics.

· Project Management - Develops project plans; Coordinates projects; Communicates changes and progress; Completes projects on time and budget; Manages project team activities.

· Interpersonal Skills - Maintains confidentiality.

· Oral Communication - Demonstrates group presentation skills; Participates in meetings.

· Written Communication - Writes clearly and informatively; Presents numerical data effectively; Able to read and interpret written information.

· Visionary Leadership - Displays passion and optimism; Inspires respect and trust; Mobilizes others to fulfill the vision; Provides vision and inspiration to peers and subordinates.

· Change Management - Develops workable implementation plans; Communicates changes effectively; Builds commitment and overcomes resistance; Prepares and supports those affected by change; Monitors transition and evaluates results.

· Delegation - Delegates work assignments; Matches the responsibility to the person; Gives authority to work independently; Sets expectations and monitors delegated activities; Provides recognition for results.

· Leadership - Exhibits confidence in self and others; Inspires and motivates others to perform well; Effectively influences actions and opinions of others; Accepts feedback from others; Gives appropriate recognition to others.

· Managing People - Includes staff in planning, decision-making, facilitating and process improvement; Takes responsibility for subordinates' activities; Makes self-available to staff; Provides regular performance feedback; Develops subordinates' skills and encourages growth; Solicits and applies customer feedback (internal and external); Fosters quality focus in others; Improves processes, products and services.; Continually works to improve supervisory skills.

· Business Acumen - Understands business implications of decisions; Displays orientation to profitability; Demonstrates knowledge of market and competition; Aligns work with strategic goals.

· Cost Consciousness - Works within approved budget; Develops and implements cost saving measures; Contributes to profits and revenue; Conserves organizational resources.

· Diversity - Demonstrates knowledge of EEO policy; Shows respect and sensitivity for cultural differences; Educates others on the value of diversity; Promotes a harassment-free environment; Builds a diverse workforce.

· Ethics - Upholds organizational values.

· Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; Supports organization's goals and values; Benefits organization through outside activities; Supports affirmative action and respects diversity.

· Strategic Thinking - Develops strategies to achieve organizational goals; Understands organization's strengths & weaknesses; Analyzes market and competition; Identifies external threats and opportunities; Adapts strategy to changing conditions.

· Judgment - Displays willingness to make decisions; Exhibits sound and accurate judgment; Supports and explains reasoning for decisions; Includes appropriate people in decision-making process; Makes timely decisions.

· Motivation - Sets and achieves challenging goals; Demonstrates persistence and overcomes obstacles; Measures self against standard of excellence; Takes calculated risks to accomplish goals.

· Planning/Organizing - Prioritizes and plans work activities; Uses time efficiently; Plans for additional resources; Sets goals and objectives; Organizes or schedules other people and their tasks; Develops realistic action plans.

· Professionalism - Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibility for own actions; Follows through on commitments.

· Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.

· Innovation - Displays original thinking and creativity; Meets challenges with resourcefulness; Generates suggestions for improving work; Develops innovative approaches and ideas; Presents ideas and information in a manner that gets others' attention.

Requirements

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

 

Education and/or Experience

Bachelor's degree (B. A.) or equivalent; or four to ten years related experience and/or training; or equivalent combination of education and experience.

 

Language Skills

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

 

Mathematical Skills

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

 

Reasoning Ability

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

 

Computer Skills

To perform this job successfully, an individual should have knowledge of Accounting software; Contact Management systems; Database software; Human Resource systems; Internet software; Payroll systems; Project Management software; Spreadsheet software and Word Processing software.

 

Certificates, Licenses, Registrations

Certified Public Accountant preferred

 

Other Skills and Abilities

Ability to work with diverse populations, i.e., at-risk youth and former gang members.

Categories

Posted: 2021-03-25 Expires: 2021-04-24

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FEI Career Center

Laura Castle | lcastle@financialexecutives.org | 973.765.1000

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Chief Financial Officer, Homeboy Industries

Sterling Search Inc.
Los Angeles, California

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