Chief Financial Officer

Organization Overview

Baby2Baby is a national non-profit organization that provides children in need with diapers, formula, clothing, and the basic necessities that every child deserves, serving more than one million children across all 50 states every year. Over the past 14 years, Baby2Baby has distributed over 500 million items– more than any organization of its kind – to children in homeless shelters, domestic violence programs, foster care, hospitals, and underserved schools as well as children who have lost everything in the wake of disaster. Baby2Baby was recognized as the #1 non-profit on Fast Company’s World’s Most Innovative Companies List and named by TIME Magazine as one of 2023’s most influential companies.

Position Overview

Reporting to the Co-CEOs, the Chief Financial Officer, with support from the Director of Finance and in conjunction with the outsourced accounting team, will be responsible for the organization’s finances and financial forecasting as well as oversee and help execute the general accounting, grant tracking and management, internal process reviews, and external tax and audit preparation. The CFO will be a key player in the organization’s current capital campaign. The CFO will work with the COO to set financial policy and direction while also contributing to the organization’s financial planning. As a member of the senior leadership team, this individual will collaborate with the Co-CEOs, COO, external accounting team, Director of Finance and Head of Human Resources to review the organization and program budgets, cost allocations, and payroll and benefits administration.

The CFO will work Monday-Friday at 5830 W. Jefferson Boulevard, Los Angeles, CA 90016. The work is performed in an office setting and is currently in office a minimum of three days per week. May include occasional weekend hours.

Duties and Responsibilities

Leadership

• Partners with the Co-CEOs and COO on the organization’s financial, budgeting, and administrative processes with an eye to continuously developing and improving systems.
• Serves as a strategic thought partner to leadership, helping to translate the organization’s mission into specific strategies and tactics.
• Provides strategic and operational leadership for warehouse distribution, community and volunteer teams.
• Partners with COO to ensure program success through cost analysis support and compliance with all contractual and program requirements.
• Collaborates with department heads to develop and update financial plans including department budgets and actuals.

Financial Management

• Develops and executes financial management strategy, including revenue management and planning.
• Serves as primary liaison to the investment advisors, ensuring investment portfolio is managed in keeping with the organization’s policies and risk tolerance.
• Manages ongoing budgeting, financial forecasting, cash reporting, and monitoring of banking activities.
• In partnership with the fundraising teams and Director of Finance, projects and tracks all gala related expenses.
• Ensures accurate reporting of cash and in-kind transactions; develops and maintains excellent internal controls to monitor program costs and operating expenses.
• Remains current on changes to all laws and pertinent local, state, and federal guidelines which may impact the financial and administrative operations of the organization; interprets and advises on implications of these changes.
• Prepares and presents monthly/annual financial reports and key operating metrics to leadership team and Board of Directors; prepare other reports and materials as needed for prospective and existing donors as well as the Board of Directors.
• Oversees the monthly reconciliation between Development and Accounting.

Operations Management

• Evaluates existing operations to recommend and implement improvements in productivity and accuracy.
• Oversees contract management for vendor and donor relationships; manage relationship with outside counsel on legal matters.
• Manages insurance renewals and rates including Workers’ Comp, Liability, and other policies.
• Works closely with Human Resources on payroll and benefits administration.

Capital Campaign

• Develops detailed financial projections and forecasts to demonstrate the impact of the capital campaign.
• Prepares financial statements and reports for potential donors, highlighting key metrics and the organization's financial stability.
• Develops a detailed budget for the capital campaign, including fundraising costs, administrative expenses, and projected revenue.
• Monitors campaign expenditures to ensure adherence to the budget and identify areas for cost optimization.
• Ensures compliance with all relevant real estate and financial regulations throughout the purchase process.

Required Qualifications

• Minimum of 10 years’ professional experience, including financial leadership in a $15+ million organization.
• Bachelor’s degree in Accounting, Business Management or Finance; M.B.A. strongly preferred.
• Financial management and accounting experience in the nonprofit sector, preferred.
• Prior experience tracking and reporting in-kind gifts and government grants, preferred.
• Proficiency in the tenets of nonprofit legal, audit, compliance, and resource development.
• Experience working in an organization that was running a campaign.
• Resourcefulness in setting priorities, proposing new ways of creating efficiencies, and guiding investment in people and systems.
• Strong technical skills including expertise with spreadsheets.
• Budget forecasting experience in a complex organization with diverse revenue streams.

Other

Baby2Baby is an Equal Opportunity Employer and is committed to fostering diversity within its staff. We have made diverse thinking a priority in order to keep our organization in touch with the needs of families in our program and to help hold us accountable to those we serve. Our organization strives for diversity, from the children we serve to our board and staff, not only in race, age, ethnicity, sexual orientation, disability, and religion but also in cultural background and life experiences.