About the Organization
The Sierra Club Foundation
was established in 1960 as the philanthropic partner and fiscal sponsor to the Sierra Club. Its mission is to promote efforts to educate and empower people to protect and improve the natural and human environment.
The Sierra Club Foundation seeks a seasoned and highly collaborative Chief Financial Officer (CFO) to oversee all fiscal and financial responsibilities of the Foundation in collaboration with the Executive Director and Board of Directors. Reporting to the Executive Director and serving as a member of the senior management team, the CFO provides strategic leadership for the organization’s financial assets and investment portfolios. The CFO will lead the Foundation’s Finance Team, and with this team will oversee the financial operations of the Foundation, including but not limited to cash and investment management, budgeting, financial reporting, financial and insurance contracts, gift acceptance issues, management of planned giving program administration, endowments, gifts of real estate, and accounting-related information systems of the organization.
- Identify priority needs and develop strategic options for effectively addressing those needs.
- Manage and hold accountable financial and investment consultants.
- Represent the Foundation at relevant conferences and events and inspire others to focus on mission and program related investing to address climate change and social inequities.
- Manage, mentor and develop a direct team of three, managing work allocation, training, problem resolution, performance evaluation, and the building of an effective team dynamic.
Financial and Cash Management
- Prepare and report to the Board of Directors on a quarterly basis on progress toward achieving the annual budget.
- Develop and implement accounting-related policies and guidelines.
- Support ongoing maintenance of accounting software and reports.
- Project cash liquidity needs using forecasts and other available information.
- Monitor and report on investment performance to the Board of Directors on a quarterly basis.
- Develop and implement investment policies and guidelines for the Foundation’s portfolios.
- Work to achieve investment goals around mission-related and impact investments in the Foundation’s portfolios.
- Manage relationships with investment consultants and asset managers.
Planned Giving – Bequests and Life Income Gifts
- Oversee the Planned Giving Program investment management and administration managed by the Foundation’s planned giving consultants.
- Work collaboratively with Sierra Club’s Gift Planning staff and outside attorneys on estate gifts.
- Analyze planned gifts to make acceptance recommendations to the Executive Director and Board on a quarterly basis.
- Develop and implement planned gift policies and procedures.Oversee general program administration, including required government filings and reports to beneficiaries.
- Work with consultants on the preparation of Planned Giving program and investment reports for review by the Investment Committee and filing with the Department of Insurance.
- Develop and implement endowment policies, including those related to investments.
- Supervise reconciliations of endowment funds, maintenance of endowment reports and annual spending distributions.
- Coordinate the annual endowment mailing and other communications with beneficiaries.
- Ensure the Foundation complies with all relevant employment law and that the employee handbook reflects all current policies and laws.
- Update the compensation policy, as needed.
- Maintain and update salary survey data and salary ranges, at least bi-annually.
- Maintain employee records as required by California law.
- Serve as administrator of the Foundation’s 403(b) plan. Other Responsibilities
- Negotiate real estate transactions for real estate gifts in accordance with relevant policies for outright and planned gifts.
- Procure directors & officers and corporate liability insurance for the Foundation annually.
Experience and Qualifications
The successful candidate will have:
- A Bachelor's or Masters’ Degree in Accounting, Business or Public Administration. CPA certification.
- Seven to ten years financial and investment management experience in a nonprofit public charity or a private foundation.
- Five to seven years successfully supervising and coaching staff.
- Success in engaging and collaborating with nonprofit board members.
- Success providing strategic leadership for staff and volunteers.
- Proven experience retaining and managing financial and investment consultants to achieve desired results.
- Proven verbal, written and pubic presentation skills.
- Excellent computer skills, i.e., should have a high level of skill in Microsoft Office and Windows, Google suite of applications, ability to learn proprietary systems, and the ability to manage financial and Constituent Management Systems reporting needs. Knowledge of Netsuite is highly desired.
The successful candidate will have:
- A strong commitment to advancing the mission and vision of the Sierra Club Foundation.
- A high degree of self-awareness and emotional intelligence.
- Strong interpersonal skills and ability to work in a collaborative and transparent manner effectively with Board members, Foundation staff, and Sierra Club colleagues.
- A commitment to and practice of producing detailed and precise work.
- Strong listening and perspective-assessment skills.
- Ability to exercise good judgment during times of ambiguity.
Sierra Club Foundation is an equal opportunity employer committed a diverse workforce.