Chief Financial Officer

Sierra Club Foundation | Oakland, California

Background

ABOUT THE SIERRA CLUB FOUNDATION

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 Foundation’s Board of Directors established the following goals to guide the Foundation’s work: 

  • Solve the climate crisis primarily through a successful transition to a resource-efficient, clean energy economy that better serves people and nature;
  • Secure protections for public lands and waters, promote healthy ecosystems and communities, and fight for clean air and water;
  • Expand opportunities for more people to explore, enjoy, and protect the planet by supporting programs and policies that reach across economic, cultural, and community lines to get people outdoors; and
  • Build a diverse, inclusive environmental movement that reflects and represents today’s American public, and prioritizes important connections between environmental health and social justice.

As the fiscal sponsor of the charitable programs of Sierra Club, the Foundation provides resources to it and other nonprofit organizations to support scientific, educational, literary, organizing, advocacy, and legal programs that further its goals. The Foundation’s 2018 budget is approximately $80 million with approximately $150 million in assets. 

Job Summary

Reporting to the Executive Director and serving as a member of the senior management team, the Chief Financial Officer is responsible for all aspects of the organization’s financial and investment management, and provides strategic leadership to the organization along with the Executive Director, Grants and Compliance Director, and the Board of Directors.

The Chief Financial Officer directs all aspects of financial operations of the Foundation including but not limited to cash and investment management, budgeting, financial reporting, financial and insurance contracts, legal (other than grants and compliance-related and external fundraising services), gift acceptance issues, management of planned giving program administration, endowments, gifts of real estate, and accounting-related information systems of the organization. 

Reports To

The Chief Financial Officer works closely with the Executive Director and Board of Directors, with primary responsibility for the Finance, Investment and Audit Committees.  The CFO provides support to the Executive Committee as directed by the Executive Director.  The CFO plays a key role in ensuring the Foundation is meeting governance and fiduciary responsibilities, and in the implementation of board policies and procedures.  The CFO works closely with the Executive Director and Grants and Compliance Director in assessing, mitigating and managing organizational risk, particularly operational and financial risk in relation to the Foundation’s Enterprise Risk Management Program. The CFO works closely with the Executive Director and Director of Board Relations and Administration on human resource needs of the organization and oversees the daily operation of the organization in the Executive Director’s absence.

Responsibilities

PRINCIPAL RESPONSIBILITIES

Staff Supervision

  • Supervise and manage the Senior Accountant, Bookkeeper and Finance Assistant in the execution of their responsibilities as outlined in their position descriptions.

Financial and Cash Management

  • Prepare and report to the Board of Directors 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.

Investment Management

  • Monitor and report on investment performance to the Board of Directors.
  • 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.
  • Represent Sierra Club Foundation at conferences and events focused on mission-related investing with the goal of demonstrating leadership on climate solutions investing.
  • Work with investment colleagues and networks on shareholder and investment engagement on mission-related issues.

Planned Giving – Bequests and Life Income Gifts

  • Oversee all aspects of the Planned Giving Program investment management and administration managed by the Foundation’s planned giving consultants.
  • Work 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.
  • Develop and implement planned gift policies and procedures.
  • 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.

Endowments

  • 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.

Human Resources

  • Ensure the Foundation is in compliance with all relevant employment law and that the employee handbook reflects all current policies and laws.
  • Update compensation policy, as needed.
  • Maintain and update salary survey data and salary ranges.
  • Maintain employee records as required by California law.

Other

  • Serve as administrator of the Foundation’s 403(b) plan. This includes annual investment review by the Finance and Investment Committees and periodic staff updates.
  • 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, and work with the Club’s accounting staff on other needs, including property insurance on donated homes.
  • Manage a periodic insurance review to determine the adequacy of coverage.

Qualifications

  • A Bachelor's or Master's Degree in Accounting, Business or Public Administration. CPA certification is highly desired.
  • Five to seven years of financial and investment management experience in a non-profit, either a public charity or foundation. Mission-related investing experience is highly desired.
  • Knowledge of, or experience with, fiscal sponsorship relationships.
  • Non-profit board governance experience required.
  • Excellent verbal, written and presentation skills.
  • Excellent computer skills, i.e., should have a high level of skill in Microsoft Office and Windows and the ability to manage financial and Constituent Management Systems reporting needs. Knowledge of Netsuite is highly desired.
  • Strong interpersonal skills and ability to work collaboratively with Board members, Foundation staff, and Sierra Club colleagues.
  • Experience providing strategic leadership as well as strong analytical and organizational skills.
  • Experience managing day to day operations of the Finance team. 
  • Strong personal alignment with and commitment to the Foundation's philosophies, mission and values while maintaining a high degree of professionalism.
  • Experience managing consultants to achieve desired results.

Compensation

This is a full-time, exempt position that will be located in our Oakland, California headquarters office. We offer competitive salary package commensurate with skills and experience plus excellent benefits that include medical, dental, and vision coverage, and a retirement savings 403(b) plan.  Sierra Club Foundation is a 501(c)(3) organization.  

How to Apply

To nominate someone or to apply, please submit a Cover Letter and Resume to search@blueridgeadvisorsllc.com with “Sierra Club Foundation – CFO” in the Subject Line. All applications and nominations will be held in the strictest confidence. Sierra Club Foundation is an equal opportunity employer committed to a diverse workforce.

Sierra Club Foundation