Chief Financial Officer (CFO)

Position Title: Chief Financial Officer 

Reports To: Chief Executive Officer (CEO) 

Location: San Francisco Bay Area. Hybrid: remote with limited in-person

Benefits 

• Compensation: $220-$235K annually (DOE) 
• 16 paid BACR holidays 
• Medical, dental, vision, mental health/wellness benefit, hospital indemnity, life insurance, flexible spending account (transit, medical, dependent), 403b program, pet insurance, WellHub
• Professional development opportunities 

Position Overview 

The Chief Financial Officer (CFO) is responsible for managing the financial operations of BACR, ensuring the organization’s financial health and sustainability. This role oversees all financial reporting, budgeting, forecasting, financial analysis, risk management and compliance requirements. The CFO works closely with the Chief Executive Officer (CEO) and Board of Directors to develop and implement financial strategies that support BACR’s mission and goals. With oversight of an annual budget exceeding $100 million, the CFO is an integral member of the Executive Team, contributing essential strategic leadership to the agency. The CFO has four direct reports and a larger team of 20 staff. The CFO works very closely with the Director of Finance who manages much of the day-to-day operations. 

BACR has enjoyed decades of stable financial health. In the last four years, we’ve experienced rapid growth, doubling in size. Our financial health is strong as the vast majority of funding comes from long-standing contracts with school districts and a diverse slate of local, state and federal sources. BACR enjoys an excellent reputation throughout the Bay Area. While our recent growth is a clear marker of our success, it also brings with it complexity and challenges. We are still in the process of scaling up our processes, tools and teams to keep up with our growth. Most notably, we are in the process of implementing Workday (both the financial and human capital management systems). The CFO will play a critical thought-partnership role with the CEO and the Executive Team in implementing the recently-completed strategic plan, guiding the organization and building and managing the Finance/Accounting function.

Mindsets 

• You wear bifocals: you understand the details, but you also see the big picture. You have the experience and skills to understand and manage the day-to-day, but you also have the strategic vision to see where we’re going and how to get there. 
• You know how to juggle. You’re comfortable being pulled in many directions, and are actually energized by the challenge. 
• People matter to you. You recognize the importance of the people on the team, how they’re doing and what they need. You delight in developing people and coaching/mentoring is part of your leadership style. 
• You have an advanced degree in bridge-building. You understand the power of collaborating, getting buy-in and strong communications. 
• You’re not afraid to color outside the lines. You are creative and resourceful in addressing challenges and solving problems. 

Responsibilities 

Financial Management 

• Manage and oversee all financial operations, including accounting, budgeting, forecasting, and financial analysis 
• Develop and implement best practices and tools to ensure a well-controlled yet flexible organization that has strong fiscal management, project coordination, cross-team communications, and workflows 
• Continuous evaluation - with the CEO and Chief Program Officer (CPO) - of the effectiveness and performance of our programs. 
• Prepare and present financial reports to the CEO and Board of Directors, providing analysis and recommendations as needed 
• Ensure compliance with all financial reporting and regulatory requirements, including tax filings, audits, and other reporting requirements 
• Manage relationships with external partners, including banks, auditors, and other financial service providers 

Risk Management 

• Analyze program financial impact and contribute to internal contract negotiation analysis, providing crucial insights on cash flow, historical reimbursement schedules, admin contribution, and other aspects affecting agency revenue, budgeting, and cash positions, including new program evaluations and debt considerations. 
• Work with CPO, senior program leaders, finance team, compliance, and contract managers to ensure timely payments and tracking of contracts, terms, and other financial controls impacting BACR.

Budgeting and Forecasting