(Los Angeles, CA)
Title: Head of Finance and Operations
The Snap Foundation’s mission is to develop pathways to the creative economy for underrepresented youth in Los Angeles. This mission is centered in the creative economy for a number of reasons. First, to support the art and cultural practices fostered in Los Angeles. Second, because the intersection of visual communication and technology are a powerful mode of creative expression. And third, because the creative economy can transform individual lives and society at large, especially when centering racial equity.
The Snap Foundation was created through the tremendous support of Evan Spiegel, Bobby Murphy, the founders of Snapchat, and Snap Inc. Beginning operations in 2018, the Foundation’s goal is to engage in systems-level thinking and its work has focused on experimentation, exploration, and learning. Every decision made is held up to four primary values: transformation, innovation, collaboration, and creativity.
The Foundation has focused initial efforts on testing and learning in a few discrete project areas. These include an experiment in participatory grantmaking: engaging directly with youth from the Los Angeles community to identify the matters that are most important to them and making small grants to support those causes. The Foundation has also identified a number of collaborative funding opportunities and recently started a process for responsive grantmaking to address our community’s most time-sensitive needs.
The Snap Foundation is an independent legal entity separate from Snap Inc.’s corporate social responsibility division, Snap Philanthropy. For more information about the Snap Foundation’s recent grantmaking please visit: www.snapfoundation.org
Reporting to the Board of Directors in partnership with the Head of Programs, the Head of Finance and Operations will help to build and oversee all financial and administrative functions of the Snap Foundation, setting policy and direction while also being an active participant in, and driver of, the Foundation’s overall strategy. The Board of Directors is seeking a skilled finance professional with exceptional communication skills who is inspired by the possibility of making an impact on Los Angeles for generations to come.
RESPONSIBILITIES OF THE POSITION:
The Head of Finance and Operations will be responsible for oversight and management of all financial and administrative functions of the Snap Foundation including budgeting, human resources, IT, investments, and vendor management. As the second hire of the Snap Foundation, the Head of Finance and Operations will play a key role in the development and implementation of the Foundation’s operations.
Key responsibilities will include but are not limited to:
- Work with the Board of Directors and Head of Programs in the development of financial and budgetary plans;
- Provide financial expertise and guidance to Board Committees;
- Oversee banking and investment strategy, implementation and operations;
- Manage vendor relationships including legal, payroll, banks, investment firms, and other vendors and contractors;
- Build and maintain relationships with all Snap Inc. volunteers including advisors from legal and finance teams;
- In coordination with the Head of Programs, oversee grant administration and reporting;
- Implement and oversee a data management system to track grant activity and cycles of inquiry to support evaluation and learning; and
- Research and design system solutions that support efficient operations.
TRAITS AND CHARACTERISTICS DESIRED:
The successful candidate will be an experienced leader with a track record of success in a complex, dynamic environment. The Head of Finance and Operations should be a strategic thinker, creative developer of people and programs, a self-starter with a proven ability to take initiative, and an agile strategist. The Head of Finance and Operations must, therefore, be diplomatic yet decisive, exhibiting keen listening skills, considering input from various constituencies and willing to make decisions as necessary.
The Head of Finance and Operations will have excellent interpersonal skills and will be an open yet tactful and persuasive communicator, both verbally and in writing. The successful candidate will establish strong relationships and have confidence when working with the Board of Directors, outside vendors, community members, and other key stakeholders. A visionary with solid strategic planning skills as well as comfortable with day-to-day management, the Head of Finance and Operations should be collaborative, politically astute, good at setting priorities, and have the ability to deal with multiple tasks and functions simultaneously in a fast-paced environment. The person in this position must also be a model of integrity, fairness and have high ethical standards. Ingenuity, compassion, dedication, maturity, and energy are key attributes that will be valued.
Above all, the Head of Finance and Operations must be passionate about the mission of the Snap Foundation and embody its primary values of transformation, innovation, collaboration, and creativity.
CAREER PATH LEADING TO THIS POSITION:
The successful candidate should have at least ten years of broad finance experience gathering and evaluating financial information and making actionable recommendations to senior leadership. While it is preferable that candidates have experience managing finance (accounting, budgeting, controls, and reporting), endowment, human resources, and IT for a foundation or dynamic nonprofit organization, candidates with transferrable skillsets from the for-profit sector and knowledge of philanthropy and nonprofits from a volunteer standpoint will be considered. Experience working with investment consultants and money managers is required.
An undergraduate degree is required. A CPA and/or MBA is strongly preferred.
Salary range is $250,000-$300,000 annually.
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