Controller

Controller

Are you ready to unleash your power and support an organization driven by love, justice, and a clear vision for social change? Do you value leading from a place of strength and pursuing excellence? Are you willing to serve, collaborate and support others in advancing a collective vision? Then this is the opportunity for you!

ABOUT THE LATINO COMMUNITY FOUNDATION: LATINOS ARE A FORCE. The mission of the Latino Community Foundation (LCF) is to unleash the civic and economic power of Latinos in California and beyond.

We fulfill our mission by building a movement of civically engaged philanthropic leaders, investing in Latino-led organizations, and increasing civic and political participation by Latinos. Our work is driven by our core values. Among them is trust that community leaders who are closest to the issues are best suited to lead the necessary solutions to drive lasting change. We are committed to leading from a place of strength— highlighting the assets and diverse contributions of Latinos in California and beyond.

We are at a pivotal stage of growth with net assets increasing tenfold from 2019 to 2023. With a commitment to ensuring the long-term sustainability of the mission and support for the community LCF serves, LCF established an endowment in 2017, which has grown significantly. Since 2019, LCF’s annual revenue increased by an average of 43% and expenses, including grantmaking, increased by an average of 25%.  LCF continues to leverage its unique role as a grantmaker, convener, and advocate to activate a network of changemakers committed to increasing civic engagement and economic mobility for Latino youth and families. Please visit www.latinocf.org for more information. 

ABOUT THE POSITION:

The Latino Community Foundation (LCF) is actively expanding its operations. To support its accelerated growth, LCF is seeking an experienced Controller to join a dynamic team. Reporting to the Chief Financial Officer (CFO), the Controller will be responsible for oversight of accounting and finance reporting activities. The Controller will participate in presentations to the Board and board committees and will collaborate with the leadership team on strategic initiatives and financial reporting.

The Controller will lead the day-to-day finance operations and will have functional responsibility for accounting, including accounts payable, accounts receivable, investment and nonprofit fund accounting.  LCF is transitioning its accounting functions from outsourced services to an in-house team and the Controller will play a key role in this process. The Controller will also ensure that LCF has the financial systems and procedures in place to support effective program implementation and conduct audits free of material misstatements and significant internal control deficiencies. The Controller will work closely with program leaders and their teams, not only to educate them regarding finance and accounting procedures but also to explore how the finance function can support program operations. In addition, they will partner with the CFO to automate financial software programs with a goal of improving efficiency across systems. The Controller will also manage the liability insurance portfolio.

The Controller will have one direct report and co-lead recruitment, training, and onboarding of new finance team members as LCF grows. They will foster a collaborative team environment and encourage professional development.  The individual will be responsible for the direct supervision, development and support of their team.

The successful candidate will have accounting experience in the nonprofit sector, experience in change management and process development, and be comfortable interacting in a collaborative team-based environment. LCF is a fast-paced work environment with high expectations for excellence and integrity. It is an organization grounded in values of love, joy, family, and change - not charity.

Role Description

• Oversee all accounts, ledgers, and reporting systems ensuring compliance with appropriate GAAP standards and regulatory requirements.
• Maintain internal controls and safeguards for receipt of revenue, costs, and program budgets and actual expenditures.
• Coordinate and manage annual audit and coordinate tax return preparation.
• Collaborate with leadership to develop long-term financial strategies aligned with the organization's mission and goals.  Participate in strategic partnerships and initiatives as needed.
• Consistently analyze financial data and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements; monitor progress and changes and keep leadership abreast of LCF’s financial status.
• Assist LCF’s leadership in the annual budgeting and planning process; administer and review financial plans and compare to actual results with a view to identify, explain, and correct variances as appropriate. 
• Work with CFO to manage organizational cash flow forecasting, identifying liquidity needs.
• Oversee financial, project/program and grants accounting in collaboration with the Grants Management team; ensure that expenditures are consistently aligned with grant and program budgets throughout the grant/fund period; collate financial reporting materials for government, corporate, and foundation grants.
• Support the CFO in engaging the board’s committees around issues and trends in financial operating models and delivery and tracking the performance of invested assets.
• Evaluate and maintain LCF’s commercial liability, Director’s & Officer Insurance, employment practices liability, cyber security, and fiduciary insurance policies portfolio.  
• Manage and mentor one direct report, the Finance and Operations Manager, providing guidance and support to foster a collaborative and effective work environment.
• Provide leadership in strengthening internal communications with staff at all levels throughout the organization; create and promote a positive and supportive work environment.
• Support and attend LCF events and convenings as required.
• Undertake special projects and other duties as assigned.
   

Qualifications:

• LCF is seeking an individual with at least ten years of progressive finance and accounting experience, with at least three years in a supervisory role, preferably as a Controller at a non-profit organization.  Demonstrated experience in creating, leading and/or implementing new financial processes in an organization is a plus.
• Minimum of a bachelor’s degree in finance, accounting, or a related field; CPA and/or MBA preferred.
• Strong financial acumen and analytical ability, coupled with a strong knowledge of GAAP and fund accounting.
• Advanced technological aptitude; Experience selecting and overseeing software installations and managing relationships with software vendors; advanced knowledge and high-level proficiency of accounting and reporting software (Salesforce, Excel, and Sage Intacct, or similar ERP/CRM systems).
• Ability and desire to translate complex financial concepts to individuals at all levels including finance and non-finance managers.
• Grants management experience related to compliance and reporting of government, corporate, and foundation grants is preferred.
• Personal qualities of integrity, credibility, and unwavering commitment to LCF’s mission; a proactive, hands-on strategic thinker who will own, in partnership with the CFO, the responsibility for finance and the liability insurance portfolio.
• Experience coordinating audit activities and managing reporting, budget development and analysis, accounts payable and receivable, general ledger, payroll, and accounting for investments.
• Commitment to recruiting, mentoring, training, and retaining a diverse team; the foresight and ability to delegate accordingly.
• Keen analytic, organization and problem-solving skills which allow for strategic data interpretation versus simple reporting.
• Strong interpersonal and communication skills; experience in effectively communicating key data, including presentations to senior management, board, or other outside partners.

Compensation and Employment Details:

LCF is prepared to offer an attractive compensation package, including a competitive base salary as  well as health, 401(k) match, and vacation benefits. Competitive compensation package commensurate with experience, skills, and geographic location will range between $130,000 - $165,000. The position can be structured as either a hybrid work model (commute to San Francisco or Los Angeles offices) or remote work model in the states of California, Arizona, Nevada, and Texas*.  Candidates must be domiciled in one of these states.  The work schedule will be based on the Pacific Time Zone although some flexibility can be arranged.

* Regardless of remote or hybrid work model, candidates selected for this position must be able to travel to the San Francisco or Los Angeles offices on a quarterly basis and other times as required.

TO APPLY: Interested applicants should send a resume and cover letter to Maria Zayas Carnes at [email protected]. We thank you for your interest in career opportunities with the Latino Community Foundation (LCF). Due to the high volume of applications, only those candidates selected for an interview will be contacted. Candidates selected for advancement may be asked to participate in several rounds of interviews. If you require reasonable accommodation to participate in our application process, please let us know.

LCF is proud to be an Equal Opportunity Employer. Employment with LCF is based solely on qualifications and competence for a particular position, without regard to race, color, ethnic or national origin, age, religion, creed, gender, sexual orientation, disability, or marital or military status. We strongly encourage people of diverse backgrounds to apply. Trans-identified, gender non-conforming, and non-binary candidates are encouraged to apply.