Jul 12, 2019

Chief Financial Officer - Ednovate Network Support Team

  • Ednovate Charter Schools
  • Los Angeles, CA, USA
Full-time Accounting and Finance Business Development Development and Fundraising Executive Leadership Other

Job Description

Ednovate Background

Ednovate launched its first school, USC Hybrid High, a personalized learning high school, in 2012. Since then, Ednovate has grown to five schools in Los Angeles County and Orange County. Ednovate is committed to serving in areas where students traditionally lack access to a quality college prep education by building tuition-free, safe and high-performing public schools to neighborhoods that need it the most.  Ednovate is currently planning for our next growth phase as we continue to fulfill our mission to make a positive multigenerational change within the communities we serve and in our profession.  

Position Description

As a key member of the Leadership Team, the CFO will report directly to the CEO and play a critical role in the overall strategic management of the organization. The CFO will set the financial strategy for Ednovate's $30M operating budget and $50M real estate portfolio, while also designing and delivering effective financial systems across the organization. Additionally, the CFO will steward the organization as it embarks upon its next phase of growth, growing to 11 schools, serving nearly 6,000 students, with a $100M operating budget, and $200M in real estate assets. The CFO will serve as a strategic partner to organizational leaders, providing financial guidance to inform decisions, as well as leading long-term financial strategy, forecasting, and budgeting. The CFO is committed to Ednovate's mission, has deep financial planning and analysis expertise, and is an excellent communicator capable of distilling complex concepts into clear narratives for diverse internal and external audiences, including executives, board members, public officials, funders, and lenders.

In carrying out his/her responsibilities, the CFO must be able to manage a complex long-term financial model to support strategic decision-making across the organization. This person will also manage Ednovate's external budgeting and accounting team, ExED, to lead the organization's budgeting process and financial reporting.

This position will be based out of the Ednovate Support Team office in Downtown Los Angeles, though time spent in schools will be expected.

Duties for this position include, but are not limited to:

  • Organizational Leadership - the CFO will serve as a thought partner to and member of the Ednovate Leadership Team as staff financial lead, setting organizational vision and strategy, mentoring staff, and providing oversight. They will also work closely with the Board of Directors as well as key external stakeholders, including funders, lenders, and authorizers.
  • Strategic & Annual Planning - the CFO will set the financial strategy and lead long-term financial forecasting & budgeting for Ednovate's $30M operating budget. They will review financial systems and processes and drive improvements that will enable leaders at every level of the organization to understand financial impact of decisions and consistently operate favorable to budget. Most importantly, the CFO will see around corners - recognize and anticipate opportunities and challenges as they relate to organizational plans; generate ideas, strategies, and solutions to drive impact.

  • Capital Finance - the CFO will manage the financing strategy for $50M real estate portfolio, and $150M in new campus construction over the next five to ten years. They will also manage relationships with funding partners and lead project financing efforts to ensure timely acquisition of new permanent facilities. 

 

  • Financial Planning and Analysis - the CFO will manage a complex long-term financial model to support strategic decision-making and long-term sustainability across the organization including the development of alternative long-range and short-range scenarios. They will also define metrics to monitor and predict the financial performance of entities across the organization, develop systems to track performance metrics and make decisions around resource allocation.
  • Budgeting, Forecasting, and Reporting - the CFO will lead the annual budgeting process, partnering with stakeholders across the organization, culminating with financially healthy budgets. They will oversee the budget implementation during the fiscal year, managing ExEd to ensure budgets are accurate and support solid decision-making.  Key financial metrics will be presented on a monthly basis to ensure all key stakeholders routinely review performance to budget.
  • Management and Oversight - the CFO will oversee all fiscal and fiduciary responsibilities for the organization, in conjunction with the Board of Directors, the Audit Committee, and the Finance/Business Advisory Group. They will also manage and inspire the 4+ person ExEd external budgeting and accounting team. 

Candidate Qualifications

  • MBA or other advanced degree, or comparable experience of a minimum of 12 years
  • Minimum of 5+ years of progressive senior responsibility in developing and building out FP&A function with a major company or division of a large corporation. Experience in a not-for-profit/school environment is preferred but not required. 
  • Knowledge of capital and debt markets landscape, including facilities financing options,  is a plus but not required
  • Track record of building, leading, and inspiring effective teams; evidence of building an outcomes/data-driven team culture and coaching/developing others to maximize their potential
  • Budget development and implementation experience in a complex organization
  • Highly effective communicator, capable of distilling complex concepts
  • Highly systems and process-oriented
  • Strong project management skills and ability to work collaboratively with a wide range of constituents
  • A multi-tasker with the ability to wear many hats in a fast-paced and hard-working environment

Ednovate Non-Negotiables

  • A history of high achievement and results
  • Impressive work ethic ("good isn't good enough")
  • Clear passion for Ednovate's Mission
  • Obsessive attention to detail
  • Service-focused mentality
  • A belief that all Ednovate students will succeed in college and make a Positive Multigenerational Change

Application Process

Interested candidates should begin the process by submitting an application through Ednovate's website at http://www.ednovate.org/careers

Compensation

Compensation will be commensurate with experience and qualifications. A comprehensive compensation plan will include a competitive benefits package.

Statement of Non-Discrimination

Ednovate does not discriminate on the basis of race, color, gender, handicap, age, religion, sexual orientation, or national or ethnic origin.


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