About this opportunity
Silicon Valley Community Foundation lists this Executive Vice President, Finance (SVCF) opportunity in mountain view, California. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Executive Vice President, Finance (SVCF)
Posted on April 29, 2019
For the past 11 years, the mission of the Silicon Valley Community Foundation (SVCF) has been to advance innovative solutions to challenging problems. SVCF has engaged donors, corporations, government and community partners in efforts to make the Silicon Valley region and the world a better place. Under CEO Nicole Taylor’s new leadership, the organization returns to its community foundation roots - focusing its resources on communicating and collaborating with local leaders and helping philanthropists who work with the foundation to be their most effective at accomplishing their charitable giving and community investment goals. She has begun her tenure by focusing on the community foundation’s core work as a solid partner to philanthropists and local community organizations, and working with staff to develop ways to better connect donors and communities and bring creative ideas and solutions front and center. Based in Mountain View, California, SVCF partners with families, individuals and corporations to manage and facilitate their philanthropy by connecting donors to communities’ most pressing needs.
SVCF works to improve people’s lives in San Mateo and Santa Clara counties, and partners with donors, companies and other foundations to address regional concerns that affect local communities. Despite the area’s great wealth, residents are challenged by so much – dearth of affordable housing and accessible transit, financial instability and the precarious safety and security of immigrant residents, regional planning on these issues, among other issues. The community foundation addresses these and other challenges, including early education and empowering community voices to effect change.
SVCF works closely with donors to understand their philanthropic goals and the best ways to accomplish them. From accepting complex assets and establishing giving vehicles, to facilitating grantmaking and other types of investments, SVCF is committed to ensuring donors make the impact they seek.
SVCF partners with community and government leaders to address public policy issues, advance the best ideas and direct its resources swiftly and strategically toward critical issues. The foundation serves as a resource for nonprofit, civic, government and philanthropic organizations.
There are several ways SVCF contributes, including:
Research: commissioning research to identify emerging issues, monitor trends and provide analysis
Public forums: bringing people together to engage in discussion and problem-solving
Advocacy: taking positions on critical issues and advocate for policy outcomes
Initiatives: launching initiatives and special projects, partnering with other foundations, corporations, nonprofits, donors and government agencies on topics or issues of regional importance
The new leadership team, including new additions, is building on the good work of SVCF staff to bolster organizational culture, and of the board of directors to improve its governance. In a 2018 initiative, staff identified its core values as courage, collaboration, inclusion, respect and accountability – and these form the bedrock of SVCF’s approach to working internally, partnering with donors and collaborating to improve communities.
The Executive Vice President, Finance is the chief financial officer of SVCF, reporting to the President & CEO, and is a member of the executive leadership team. The Executive Vice President, Finance supervises the Vice President, Finance and the Senior Vice President, Investments. The Executive Vice President, Finance works closely with staff across the Foundation to ensure the highest level of stewardship of the Foundation’s assets.
Specifically, the Executive Vice President, Finance will be responsible for:
Serve as a member of the executive leadership team responsible for organizational policy development and planning, including the CEO and other department heads
Work with the Foundation Board on SVCF’s evolving business model, supporting strategic planning and implementation efforts, ensuring that allFoundation initiatives make keen economic sense and are consistent with the Foundation’s financial strategy
Lead data analysis and information sharing throughout the organization to aid in decision-making and strategic direction, including supporting long- range planning and business modeling with financial and economic insights
Work across the organization, including with the executive leadership team, to develop the Foundation’s annual operating budget
Participate with the Vice President, Human Resources in development and oversight of staffing, compensation, and SVCF’s fringe benefit program, including its 401(k) retirement program
Provide mentorship and leadership for the professional growth of the Finance and Investment team
Remain current and knowledgeable about legal, accounting, tax, and public policy matters related to community foundations and philanthropy
Understand gift and fund options available for donors and assist (with resource development, executive and other departmental staff) in evaluating proposed gifts for adherence to SVCF’s policies and its ability to administer a proposed gift appropriately
Finance and Accounting
Lead development of operational policies and practices for SVCF’s finance and accounting team
Manage costs and profitability, making sure expenditures are consistent with the organization’s budget, goals, and mission
Oversee the Vice President, Finance and the Senior Vice President, Investments in their management of all aspects of accounting, financial, and investment management, including such departmental activities as: Management of cash and short-term investments
Administration of non-cash assets including life insurance policies, real estate, and contracts
Development and monitoring of internal control procedures
Gift processing, cash receipts, grant disbursements, and accounts payable Reconciliation and proper recording of all investment and cash accounts
Strategic development and administration of charitable trusts, supporting organizations, and SVCF’s endowment partner program
Strategic development and oversight of SVCF’s fee structure and spending policy
Preparation of financial reports and analysis as required by the board and staff
Payroll preparation and reporting (working closely with the Human Resources team)
Investments
Overseeing the Senior Vice President, Investments, ensure effective administration of SVCF’s investment program, working with SVCF’s investment managers and custodian to implement strategies adopted by the board and Investment Committee, including asset allocation and other strategic decisions
Work with SVCF’s investment consultant to monitor manager investment performance and compliance with SVCF guidelines and to provide appropriate reporting to the Investment Committee and Board
Develop and extend networks in investment, community development, philanthropy and advocacy fields as means to identify opportunities and capture important information relevant to potential deals and other trends
Promote a Foundation-wide understanding of social and double/triple bottom line investing
Consult with legal counsel as required on legal matters related to SVCF’s investment program
Work closely with the resource development and donor services teams to ensure that all assets are invested consistent with the terms of individual fund agreements and donor intentions
Ensure proper investment of trusts for which SVCF serves as trustee
Communicate effectively and compellingly about the high stewardship standards and performance of SVCF’s investment program to donors, endowment partners, and other interested persons
Support Board Investment Committee and staff in creating innovative investment strategies to better serve the Silicon Valley region
Work with SVCF’s Finance, Audit, Investment, and other relevant Board Committees to keep them well-informed and leverage their collective expertise to assess the organization’s financial condition, appropriate reporting, compliance with applicable regulation, and relative risk/return of potential investments and refine investment strategy and policy
Compliance
Compliance with all state and federal reporting requirements
Preparation of annual financial statements in compliance with generally accepted financial principles and coordination of annual independent financial statement audit
Ensuring that the various entities under SVCF’s umbrella (supporting organizations, donor advised funds, corporate advised funds, among others) are compliant with tax, charitable giving, and governance regulations
Profile of the Successful Candidate
SVCF is committed to equity, diversity and inclusion, and seeks to continue to build a diverse and inclusive workforce to promote effective work in partnership with all communities and population groups in the region. The Foundation seeks a leader with a demonstrated track record of resource development; commitment to the power of community philanthropy and the common good; strong curiosity and the desire to continue learning; a collegial work style; a sense of humor; and the dedication to work hard toward the foundation’s mission of promoting philanthropy and improving the quality of life in the region.
Within this framework, SVCF seeks an Executive Vice President, Finance with the following attributes:
Fluency in financial strategy, trends and reporting
Demonstrated mastery of accounting processes, systems, and generally accepted accounting principles (GAAP) for nonprofit organizations along with solid understanding of other pertinent tax regulations and state and federal laws
Experience with integrated grants and accounting systems; excellent working knowledge of office and enterprise systems technologies
Ability to effectively and persuasively communicate with the board, executive team, broader staff, and external contacts
Ability to lead, develop and mentor staff
Demonstrated interest in philanthropy and in serving community needs
Master's Degree in business, accounting or related field or equivalent education and experience
Minimum of ten years with senior-level management experience within finance and/or accounting departments, non-profit experience preferred
CPA certification highly desirable
Additionally, the successful candidate will likely have:
An undergraduate and/or advanced degree in a related field
A passion for community philanthropy
Strong operational and implementation experience, demonstrated through positions that require action, rather than the provision of counsel
Marketing savvy
Start Timeframe
We seek to have someone in place by late Spring 2019.
Compensation
This position offers a competitive salary and includes a comprehensive benefits package. We actively welcome all candidates from a wide range of backgrounds who have the skills to fulfill this role – regardless of compensation history.
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Worksite address
mountain view, CA, 94039, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.