Chief Financial Officer - Oakland, United States - East Bay Asian Local Development

Description

Emphasizing our historic and continuing commitment to Asian and Pacific Islander communities, the

East Bay Asian Local Development Corporation (EBALDC)

works with and for all the diverse populations of the East Bay to build healthy, vibrant and safe neighborhoods through community development.

EBALDC
is a first-generation social enterprise founded in 1975 that has consistently generated >75% of our revenue from earned income. Our businesses and programs generate revenue to support sustained social impact.

We oversee a diverse range of businesses and programs, including real estate development, property management, social services, and professional services, some of which are corporate operations and others are operated as subsidiaries and through partnerships with public and private partners.

EBALDCis dedicated to building a culturally diverse and pluralistic organization committed to working in multicultural communities, and strongly encourages minorities, people of color and women to apply for our employment opportunities.

EBALDCis an equal opportunity employer and makes employment decisions on the basis of merit, including the applicant's ability to champion
EBALDCmission, values and organizational culture.

EBALDCwants to have the best available persons in every job.
EBALDCpolicy prohibits unlawful discrimination on any basis protected by federal, state or local law or ordinance or regulation.

For more about

our accomplishments

and

our mission , please visit:
East Bay Asian Local Development Corporation (EBALDC)

is seeking one (1) regular full time

Chief Financial Officer

in Oakland, CA.


Summary:

The Chief Financial Officer (CFO) oversees all financial and accounting activity of the East Bay Asian Local Development Corporation (EBALDC) and its affiliates.

The CFO, as a key member of the Executive Leadership Team, has the responsibility of providing leadership and oversight for interdepartmental collaborative efforts, for strategic goal execution, and for multiple programmatic areas.

The CFO establishes systems for financial controls and regulatory compliance; oversees accounting, tax and financial reporting functions; shares in oversight of real estate financing, housing acquisition and resyndication; and oversees corporate and partnership structuring; budgeting, treasury, cash flow and financing activity, maintains relationships with financial partners; provides leadership in financial planning and policy development; and shares oversight responsibilities for risk management and legal activities.

The CFO provides leadership and guidance to the organization on financial, planning, and resource allocation.

The CFO reports to the Chief Executive Officer (CEO), and works closely with the CEO and the executive leadership team on organization-wide oversight, planning and policy development.

The CFO is responsible for staffing the Board Finance Committee and the Audit Committee. The CFO directly supervises the Controller and the Director, Asset Management.


Job Responsibilities:
Accounting, Compliance and Financial Reporting

Oversees Accounting Department to ensure proper maintenance of all accounting systems and functions, including:
development and enforcement of internal controls and financial procedures
Accounting Department responsiveness to external and internal customers
timely, accurate and useful financial and management reports
audits and proper filing of tax returns
legal, regulatory and partnership compliance regarding all financial functions
development and maintenance of cost accounting systems on development projects
cash flow planning to match availability of funds with needs

financial tracking and reporting systems regarding affiliate and partnership needs including surplus cash flow, capital accounts and equity with status reports.

provides Senior Managers with monthly comparisons of expenditures with budget and provides Executive Leadership Team with cashflow projections, multiyear revenue and expense projections, aging receivables (incl. monthly summary of all outstanding loans to projects) and intercompany transfers

Budgeting, Planning, and Policy Development

Oversees development of budgets for core operations, building operations and Real Estate development projects
Plays financial leadership role in developing corporate strategic and business plans; works closely with Executive Leadership Team and Management Team members on departmental finances
Develops long-range forecasts and maintains long-range financial plans
Plays financial leadership role in corporate policy development
Works closely with Board of Directors Finance Committee and Audit Committee

Finance, Treasury, Cash Flow, & Investor Relations

Oversees financing strategies, activities and banking relationships (and works closely with the EVP of Real Estate Development for those relating to real estate projects)
Oversees cash & investments to appropriately balance risk, return and liquidity
With other senior managers, represents the company to financial partners including financial institutions, investors, foundation executives, public officials, and others

Asset Management

Partner with the Director, Asset Management and team on key projects and deliverables to provide thought partnership and risk management of key projects including:
Portfolio recap and asset management plans for properties
Legal, regulatory and partnership compliance regarding all property portfolio functions
Analysis of property financial and other performance indicators
Preparation and submission of quarterly and annual reports

Corporate and Partnership Administration

Oversees structuring and administration of corporate and partnership entities

Risk Management & Legal

With the Executive Leadership Team and Asset Management Team provides leadership and oversight of risk management, insurance activities, and attorney relationships
Monitors pending and potential litigation

Executive Vice President – General Responsibilities

Coordinate/collaborate with the Executive Leadership team and board to set strategic direction, vet and pursue large scale strategic opportunities, and ensure EBALDC's long-term financial health.

Requires big picture thinking and highly responsive communication with all members of the Executive Leadership team
Work with other members of the Executive Leadership team to resolve interdepartmental conflicts quickly, fairly and in the best interests of EBALDC's overall organizational goals/outcomes
Externally represent
EBALDCat meetings, conferences and in media interviews on EBALDC's comprehensive community development approach and impact
Recognize and support the leadership development of existing staff

Required Knowledge, Skills & Abilities:
Significant working knowledge of nonprofit and real estate accounting
Significant working knowledge of affordable housing finance and treasury management
Excellent computer skills in word-processing, spreadsheet and accounting software
Excellent written and oral communication skills
Ability to function effectively in a fast paced, multi-cultural and multi-stakeholder environment
Demonstrated ability to provide leadership and hold accountability of cross-departmental teams for specific financial results
Ability to combine macro strategic, policy and planning perspective with attention to details, controls and other micro concerns
At least 5 years' experience at the CFO or equivalent level in a nonprofit organization with a $10 million budget and multiple operating units
MBA, CPA, comparable advanced degree or equivalent experience required
Minimum ten years of broad-based business experience, including significant experience with real estate construction and development
Experience in partnership accounting, public finance, and programs such as low income housing tax credits and HUD highly desirable

Leadership criteria that is specific to the Executive Leadership Team role:

Demonstrated Ability to Provide Leadership in Maintaining Focus on the Healthy Neighborhood Vision & Goals,and in Leading Interdepartmental Collaboration Efforts and Strategic Goal Execution
Demonstrated Ability to Effectively Manage Staff and/or Operational Functions, Partnerships & Relationships
Functional Areas Supervised (3 or more)
Years of Management Level Experience in the Field & Education Level (10+)
High Degree of Technical, Legal and Compliance Complexity
Specialized Training, Certification(s) & License(s)
Revenue and/or Cost Control Responsibilities
Demonstrated High Performance in

Executive Leadership Competencies:
Strategic Thinking and Decision-making, External Awareness, Vision, Conflict Management, Accountability, Influencing/Negotiating, Political Savvy, Partnering, Entrepreneurship, Flexibility, Leveraging Diversity, Human Capital Management


Physical Demands:

This job requires simple grasping and fine manipulation, sitting at a desk and using a computer for extended periods of time, moderate use of telephone standing, walking, bending and reaching.

Requires occasional lifting or moving of objects up to 25 pounds
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions


Salary Range:
$210, $250,000.00 annually


Benefits and Other Information:

EBALDCoffers excellent benefit.

EBALDCpays up to 100% of employee premiums and 60% of dependent premiums for Medical, Dental, Vision, LTD and Life, EAP, Retirement, Paid Time Off, CA Paid Sick Leave, Holidays and Wellness Days off for all eligible employees.

All candidates will be subject to a background check and COVID-19 Vaccination is required as a condition of employment*

Please NO PHONE CALLS


EBALDCis an EOE Employer

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