Job title: Chief Financial and Administrative Officer (CFAO)
Company: Village Capital
Job description: Village Capital, a 501(c)(3) nonprofit organization, is reinventing the system to back the entrepreneurs of the future. Known for its groundbreaking approaches to supporting founders who are building solutions to emergent social, economic, and environmental challenges, VilCap unlocks critical social and financial capital for early-stage companies to maximize business and impact growth. Since 2009, Village Capital has supported more than 1,800 startups that have raised over USD 8 billion in investment capital. It has made more than 150 investments through its various affiliated funds, including Vilcap Investments, which has invested in 110 peer-selected companies. Learn more at and follow @villagecapital.The RoleVillage Capital is seeking a versatile and transformational Chief Financial and Administrative Officer (CFAO) to lead its financial and administrative operations. This is a unique opportunity to be part of an organization that blends innovation, entrepreneurship, and mission-driven impact, as it forges towards bold 2030 goals to reach 50,000 impact-creating entrepreneurs and catalyze $50B in capital.Reporting to the CEO and serving as a key member of the leadership team, the CFAO will be crucial to maintaining the organization’s financial health, ensuring compliance and driving operational excellence, and will play a pivotal role in shaping financial and operational strategies that advance Village Capital’s mission. This will include:1.Financial Leadership
- Oversee financial management, reporting, and compliance, ensuring timely and accurate data analysis and reporting and forward-looking projections.
- Lead budgeting, financial planning, audits, and tax filings and compliance processes, including program-specific audits.
- Manage cash flow, restricted assets, and grant budgets to optimize financial health.
2.Impact Investment Integration
- Support investment administration and align impact investment activities with overall financial frameworks.
- Collaborate with the Impact Investments team on grants, regrants, and fund administration.
3.Team Leadership and Culture
- Build and lead a high-performing finance and administration team.
- Work with other leadership team members as well as managers to create, update, and implement systems, structures, policies and procedures that support operational efficiency and compliance.
- Foster collaboration and communication across teams to promote a positive workplace culture.
- Be an active participant in VilCap’s participatory governance system to promote and embody the principles of transparency, inclusion and equity and perform other duties as assigned.
4.Compliance and Risk Management
- Maintain robust internal controls and ensure compliance with regulatory requirements.
- Oversee contract reviews, legal services, and financial recordkeeping.
5.Operational Oversight
- Manage third-party providers for financial systems, ensuring service quality and alignment with organizational needs.
- Oversee procurement, cross-functional processes, and financial reporting for VilCap entities.
6.Board and Committee Support
- Serve as a liaison to the Board of Directors, co-leading the Finance & Audit Committee.
- Prepare and present financial reports and dashboards for quarterly board meetings.
Ideal ProfileThe ideal candidate is a versatile leader who excels at balancing strategic financial management with hands-on administrative oversight. We are looking for a finance and operations expert with experience in nonprofit and for-profit accounting to lead our unique approach, combining diversified revenue models with mission-focused financial strategies. Here are the traits we are looking for:
- Financial Expertise: Proven mastery of nonprofit finance, financial planning, and operational management, with the ability to navigate complex financial systems and compliance requirements.
- Strategic Thinking: Strong analytical and problem-solving capabilities, enabling the development of forward-looking projections and actionable strategic insights.
- Operations Architecture: Creativity and ability to design and manage integrated processes and frameworks to drive organizational efficiency, accuracy, and scalability. Comfort with adopting new technologies and tools.
- Effective Communication: Ability to present complex financial and operational concepts to diverse audiences, including boards and non-finance professionals.
- Collaborative Leadership: Demonstration of the ability to foster a positive organizational culture through strong leadership and cross-functional collaboration.
Qualifications
- Bachelor’s degree in finance, accounting, or a related field; CPA, CFA, or MBA preferred.
- Minimum 8 years of experience in financial management, including 5 years in nonprofit finance.
- Proven expertise in nonprofit accounting, compliance, and reporting for diversified revenue streams.
- Strong leadership experience with a history of building and managing high-performing teams.
- Knowledge of GAAP for nonprofits and experience with fund accounting, multi-currency transactions, and alternative investments.
- Proficiency in financial software and data management systems.
- Excellent communication skills with the ability to present complex financial concepts clearly.
What’s on Offer?
- A culture that values innovation, initiative, performance, and continuous improvement while fostering belonging for all team members.
- Remote and flexible work environment
- Annual performance bonus program
- Generous holiday and flexible paid time off policy
- Benefits package including medical, dental, vision, 401k and more
- Annual professional development and wellness reimbursement program
Expected salary: $160000 per year
Location: USA
Job date: Thu, 23 Jan 2025 23:39:39 GMT
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