Chief Financial and Investment Officer

The Weingart Foundation was established in 1951 by Ben and Stella Weingart, and since its founding, has provided over $1 billion in grants and loans to thousands of organizations across Southern California. The primary work of the Foundation seeks to strengthen the capacity and effectiveness of nonprofit organizations, collaboratives, and coalitions working to meet essential needs and eliminate structural barriers to equity by building the community power required to achieve long-term prosperity for all. The Foundation made a full commitment to racial and socioeconomic equity and justice in 2016, and through this commitment, has invested in the communities that have been excluded and under-resourced to support those communities in having a voice in the systems and structures that shape their lives. The work of the Foundation strives to understand and account for historical and modern systems of oppression and recognizes that unjust systems will always produce unjust outcomes. This work also includes the interrogation and examination of power and privilege, including the power dynamics of nonprofits and foundations and a commitment to align the organization internally with the Foundation’s stated goals of advancing racial justice, equity, and inclusion.

OPPORTUNITIES AND CHALLENGES

The CFIO will be a mission-aligned, forward-thinking, and collaborative financial and investment leader with the ability to protect the organization’s financial solvency and advance the organization’s commitment to Mission Related Investments. The CFIO will also serve as a critical member of the Executive Leadership Team, strategic partner to the President & CEO, and steward of organizational culture.

DESIRED QUALIFICATIONS

The CFIO will first and foremost be committed to racial and socioeconomic equity and justice. They will also be invested in ideating and deploying innovative ways to make capitalistic financial systems work for communities in mission-aligned ways. While no one candidate will embody the qualifications listed below, the ideal candidate will possess many of the following professional and personal abilities, attributes, and experiences:

1. Seasoned leader with 10+ years of executive financial management experience in a mission-driven nonprofit or foundation required.
2. Strong mission-alignment and commitment to stewarding resources toward impact.
3. Demonstrated expertise in financial strategy, forecasting, budgeting, and financial modeling.
4. Experience in portfolio management, impact investing, program related investing, and fund management practices and strategies, including oversight of investment managers and consultants.
5. Demonstrated expertise in 501(c)(3) financial regulations.
6. Demonstrated experience managing complex auditing and reporting.
7. Demonstrated experience managing multi-disciplinary teams, including supporting, supervising, and developing team members to maintain a trusting, inclusive, equitable, high-performing team culture.
8. Expertise in building and managing adaptive systems to respond to changing financial and operational landscapes.
9. Skilled in analyzing problems, projecting consequences, identifying solutions, and implementing recommendations with accurate information in a quickly evolving, dynamic environment.
10. Entrepreneurial and growth mindset with a collaborative approach to partnership and leadership.
11. Demonstrated equity fluency; lived experience with organization’s program areas preferred.
12. Bachelor’s degree in finance or related quantitative field required; advanced degree, MBA, and/or CFA preferred.

WORK LOCATION, COMPENSATION & BENEFITS

Work Location: The Foundation’s office is located in Los Angeles, CA and staff are required to be in the office twice a week, and 4 times a week during the first 6 months of onboarding. There will also be travel to team retreats, conferences, or other events where the CFIO will be representing the Weingart Foundation. The Weingart Foundation actively maintains an inclusive work environment and will provide accommodations and accessibility both in the workplace and in the search process to ensure that all candidates are able to fully participate.

Salary and Benefits: The compensation range for this full-time, exempt position starts at $332,000. A generous benefits package is also provided and includes:

1. Excellent health benefits with 100% employer-paid coverage and an employee-paid 10% copay for medical coverage.
2. Respect for work-life balance, including a hybrid work policy.
3. 10 days of vacation for the first 5 years of service, 12 sick days, and 22 paid holidays.
4. Parental leave options.
5. 403(b) plan that is 100% employer-funded.

TO APPLY

More information about the Weingart Foundation may be found at: www.weingartfnd.org.

This search is being led by Katherine Jacobs and Sharon Gerstman of NPAG. Due to the pace of this search, candidates are strongly encouraged to apply as soon as possible. Candidates may submit their cover letter, outlining their interest and qualifications, along with their resume via NPAG’s website.

The Weingart Foundation is an equal opportunity employer and proudly values diversity.

Candidates of all backgrounds are encouraged to apply.