Position Description

Position Description

Momentum

(Woodland Hills, CA)

Title: Chief Financial Officer

View Position Brochure Here 

THE ORGANIZATION:

For over 75 years Momentum, previously known as United Cerebral Palsy of Los Angeles, Ventura and Santa Barbara Counties, has been providing resources and services for children and adults to maximize their independence with access and inclusion in the community. Today, the organization is branded as Momentum to better reflect the innovative services it provides to people with a spectrum of diagnoses. Momentum remains true to its mission of advancing the independence, productivity and full citizenship of children and adults with disabilities and medical conditions.

Momentum is always striving to find the next innovation and advocacy for advancing inclusion and access. Over the years it has expanded to support even more children, adults, and their families with an array of resources and support that meet their individual needs and interests. By adding WORK, Inc. as a subsidiary in 2001, services expanded into Santa Barbara and Santa Maria Counties. In 2007 it added a second subsidiary, Wheels for Humanity, stretching its impact to more than 70 countries worldwide. And in July of this year, Pediatric Therapy Network merged into Momentum providing services to help children with disabilities and medical conditions by providing therapies that increase each child’s ability to live a more fulfilling and independent life. Momentum now supports children of all abilities, including those with an autism spectrum disorder, learning disabilities, developmental delays, orthopedic and neurological challenges, and sports-related injuries.

Momentum is an independent 501(c) 3 non-profit corporation with a $36 million operating budget and its own governing Board of Directors. It is an affiliate within the United Cerebral Palsy network. Momentum is the one of the largest non-profit providers of direct-care services for adults in Southern California. Momentum has over 35 program and services sites across five counties in Southern California providing an array of individualized resources so 6,500 children, adults and their families have access to greater inclusion and resources in their communities. To learn more about Momentum, please visit https://momentum4all.org/.

THE OPPORTUNITY:

The Chief Financial Officer (CFO) reports to and supports the President and Chief Executive Officer (CEO), Board of Directors, and the organization by maintaining and advancing the financial health of Momentum’s family of organizations including its subsidiaries, and related entities. The CFO is the key adviser to the President and CEO and executive team and is responsible for implementing strategic financial planning and initiatives necessary to expand the organization’s ability to attain funding to deliver on its mission. The CFO is responsible for providing the leadership, management, vision, and collaborative partnerships needed to ensure that the organization has the people, processes, systems, controls, and reporting in place to ensure financial integrity, strength, sound fiscal stewardship, and regulatory compliance throughout a highly regulated, multi-corporate environment.

SPECIFIC DUTIES AND RESPONSIBILITIES:

Strategy and Planning

  • Leads annual budgeting and planning process.
  • Compares actual operating and fundraising financial results to budgeted and historical results with a view to identify, explain, and correct variances as appropriate.
  • Works collaboratively with internal and external clients to meet the financial, planning, and operational information; reporting; and compliance needs of the organization in a success-oriented, accountable, and ethical manner.
  • Collaborates with members of the leadership team in drafting, reviewing, and verifying accuracy of annual budgets by department; administer and review all financial plans.
  • Develops and implements plans for financial systems, processes, and personnel changes designed to accommodate the growth objectives of the agency.
  • Identifies and maintains appropriate insurance coverages, manage insurance relationships and ensure adequacy of vendor insurance coverage.

Finance/Accounting/Controls

  • Determines financial impact of management’s decisions and business environment changes.
  • Provides operational, fiscal, and regulatory oversight and financial reporting for Momentum’s retirement vehicles, 20 ICF Group Homes (of which 14 are HUD), 2 private group homes, 11 affordable and accessible buildings (all HUD), 20 integrated independent living apartment units, 3 Day Programs, 1 art gallery, Community Living Supports, Momentum Pediatric Therapy Network services, subsidiaries, and related entities.
  • Develops a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs.
  • Consistently analyzes financial data and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements; monitor progress and changes and keep senior leadership abreast of financial status.
  • Works with and presents reports to the Board of Directors’ Finance and Audit Committees of Momentum and its subsidiaries as required (including issues and trends in financial models and delivery).
  • Coordinates with the Investment Committee and investment management company to effectively manage and increase invested assets and report on investment returns.
  • Works with the organization’s accounting and audit firm to produce timely and accurate financial and tax reporting.
  • Formulates, develops, communicates, and implements consistent written accounting policies, practices, and procedures.

Management

  • Manages banking relationships, cash flow, and forecasting, and report on financial position.
  • Ensures that the books and records and financial processes and procedures of the organization are maintained in such a manner as to result in audits with minimal findings and no material weaknesses and in compliance with regulatory requirements and generally accepted accounting principles.
  • Maintains internal controls to safeguard assets and to ensure accurate recording of revenue, costs, program budgets, and actual expenditures.
  • Oversees self-insured workers’ compensation and unemployment insurance programs; and maintain cost effective employee and executive benefit programs.
  • Ensures timely collection of accounts receivable and identification of barriers to collection; work with management team to resolve barriers to collection.
  • Stewards and ensures the adequacy of company property and contracts, including IT and office support infrastructure, transportation fleet, and lease.
  • Ensures timely review and processing of invoices and payments to all vendors.

TRAITS AND CHARACTERISTICS DESIRED:

The successful candidate will have a fundamental drive, passion, and excitement for Momentum’s mission to provide individuals with disabilities a life without limits. The CFO will have a proven history of creating and driving a culture of financial integrity, collaboration, and cost efficiencies driven through continuous improvement. This will be a servant leader who has integrity and credibility with a strong sense of mission and buy-in to the overall goals and objectives of Momentum. The ability to communicate detailed information and data in a non-emotional and professional fashion that results in successful outcomes is expected.

This position requires the CFO to have a willingness to understand complex operations with multi-service lines, take a hands-on approach when needed, and partner with staff to optimize results. The successful candidate will also have keen analytic, organization, and problem-solving skills, in addition to strategic thinking and project management skills with a proven track record of setting priorities and ensuring execution. The ideal candidate will have excellent communication, writing, and relationship building skills with an ability to prioritize, negotiate, and work with all levels within the organization. The CFO will be technologically savvy, have a working knowledge and experience with major accounting software in addition to advanced Microsoft Excel and general Microsoft Office Suite (Word, Access, PowerPoint, etc.) skills.

CAREER TRACK LEADING TO THIS POSITION:

The CFO will be a seasoned leader with at 10 years of executive level financial management experience. Demonstrated experience partnering with Executive Staff resulting in the development and implementation of financial management strategies is essential. The ideal candidate will have experience in non-profit environment and a proven experience handling a budget of over $35 million. Although the individual could come from a variety of fields, including the for-profit sector, the CFO will ideally have experience with diverse program areas, multi-service lines, and multiple funding sources, including government agencies and in contract management. A background in human services, healthcare, managed care, or mental health would be a plus. Experience with mergers/acquisitions and integrations would be highly valued.

EDUCATION:                                                                                                       

A bachelor’s degree preferably in accounting or related field is required. An advanced degree is preferred.

COMPENSATION:

Momentum offers an attractive compensation, benefits and retirement package, including a base salary and performance-oriented bonus opportunity. Relocation assistance, if needed, is available.

APPLY FOR THIS POSITION:

To apply for this position, visit www.morrisberger.com/searches.php



Morris & Berger
500 North Brand Boulevard, Suite 2150
Glendale, CA 91203-1923

1 (818) 507-1234
www.morrisberger.com