Chief Financial Officer
Toniic is a global network of action-oriented impact investors: high net worth individuals, family offices, foundations, and endowments. Toniic increases the velocity of money and services into impact investing to address global challenges. Toniic’s members commit to discover, evaluate, nurture and invest in enterprises, funds, and other financial products that are changing the world for the better.
Toniic members are active impact investors, investing in early stage direct deals, in one or more asset classes and/or take an impact portfolio approach. Toniic is in the process of expanding its global presence significantly, while also going deeper with its current members to enhance their investment practice, and by extension, their potential for impact. The core mission of Toniic is to empower impact investors.
Toniic’s values are integral to its engagement in the world with its members and business partners:
- Entrepreneurial & optimistic
- Global & local
- Open & collaborative
We also make our own business decisions with concern for people and planet. We seek to be the kind of business our members would invest in were we structured as a “for profit.” While our legal structure (and accordingly tax and accounting) is non-profit, the culture of the Toniic team is high performance and focused on measurable impact, and the senior team comes from the entrepreneurial for-profit world. We seek a second in command/CFO who will complement our team and fit with our hard-charging, hands-on, mission-driven culture.
The CEO needs to spend more time on relationships and activities external to the team. He seeks a strong operational “right-hand person” as a partner to support Toniic’s growth.
Location: San Francisco
Compensation: Commensurate with experience
Reports to: CEO
Application deadline: July 15, 2017
Duties and Responsibilities
Reporting to the CEO, the CFO will define the processes and implement the infrastructure and systems needed to support substantial growth over the next five years. She or he will continue to build and manage effective and streamlined financial/administrative systems, including financial, accounting, information technology, human resources, and legal. Specific responsibilities will include:
- Serve as “second in command” of small but growing global team.
- Coordinate the annual operations plan and budget
- Manage an accounting services provider to prepare and present monthly Statements of Financial Activity and Cash Flow forecasts, as well as the annual 990 tax return
- Create systems that provide the organization with a monthly dashboard of KPIs, quick access to financial information, “what if” analysis and strategic budgeting.
- Manage the current technology infrastructure and scope out and deliver the next level of information technology, which will include merger of several distinct member-facing systems, and which will either require management of outsourced custom software development, or customization and integration of existing products.
- Working in partnership with the CEO and Regional Managing Directors, manage the strategic three-year plan and implement new processes and approaches to achieve it
- Provide global staff strong operational control; bridge global regional operations to balance need for regional autonomy with need for global process consistency
- Work with the Board of Directors: prepare and present financial and operating results to the Board at quarterly meetings and serve on Board committees as required
Skills / Experience
The CFO will have at least five to eight years of professional experience with both for-profit and non-profit organizations, along with a Bachelor’s degree (MBA preferred) in Business, Management or Finance.
Three broad categories of skills are desired for this role: financial, technology and operational skills.Given the seniority of the position and the breadth of skills desired, there is the potential to revise the (admittedly lean) organizational design to complement the strengths of the chosen individual, so a strong candidate lacking depth in one of the skillsets will nevertheless be seriously considered. Experience with impact investing is desired but not required, but Toniic is an organization driven by the social and planetary values of its members and staff, so a desire to work within a “values-driven” organization is critical. The position is ideal for the mid-career professional with experience leading a larger organization for whom the greatest priority is now to find work which makes a positive impact in the world.
Additional requirements are:
- Results orientation — Track record of achieving goals and a bottom-line focus; high level of business acumen including successful P&L management combined with the willingness to be more hands-on that comes with a smaller organization. Enjoys working hard, looks for challenges and exhibits attention to detail.
- Systems and Process Thinker –ability to implement and inspire adherence to systems necessary to support scaling the business
- Soft Skills—Emotional intelligence and ability to connect with staff, Board and Members; capacity to both encourage and enforce accountability.
- General Management—thorough understanding of finance and information technology; experience with the full range of business functions and systems, including strategic development and planning, budgeting, business analysis, finance, information systems, human resources, and marketing
- Ability to travel regionally and internationally
- Ability to bring the level of entrepreneurship, creativity, commitment, time, patience, and humor it takes to work with an evolving and growing organization
Send resume, salary history, and a cover letter that includes or attaches a personal statement of why the role appeals and what you would bring to it. Send to firstname.lastname@example.org with the subject “Application for Toniic CFO” by July 15, 2017.