Temple Isaiah in Los Angeles is seeking an individual for our newly created position of the Chief Financial Officer (CFO). This individual will be a member of the Temple’s Senior Staff. Reporting to the Executive Director, the CFO will supervise the Temple’s accounting personnel and be responsible for oversight of the day to day financial operations of the Temple.
The CFO reports to the Executive Director and manages the Temple’s accounting office. He/she is responsible for the oversight of the day to day financial operation, financial reporting and analytics, working with our lay Treasurer, the development of our annual budgets with gross revenues exceeding $8 million and management of our annual review engagement with our outside accountants. The CFO will renew, update and develop where necessary the technologies to create efficiencies in our processes and to ensure we capture data and conduct appropriate analytics to drive key decision making across the synagogue including membership, annual giving and our preschool, religious school, camp and other programmatic activities. He/she will establish strong working relationships with our clergy, other members of our senior team, lay leaders, the Board of Trustees and key committee chairs such as the Chairs of the Budget, Finance and Personnel Committees to help identify policy and process improvements to ensure the synagogue achieves its financial goals and long-term sustainability.
Essential Job Functions
The CFO’s key job functions and responsibilities include but are not limited to:
• Leading the day-to-day accounting function including managing the input into our accounting system (Quickbooks) for accounts receivables, payables and payroll and related accounts.
• Working with our facilities manager to insure our fixed asset and related records are complete and up to date
• Manage cash flow, restricted funds and the billing function. Collaborate with the Executive Director on billing and collection processes
• Leverage technology and automation to drive efficiencies and increase the timely availability of data.
• In consultation with our Treasurer, provide actionable and timely reporting to our senior rabbi, Executive Director, the Treasurer and our school and camp directors and program directors on our monthly financial performance compared to budget. In doing so, the CFO will provide insights on risks and opportunities and in conjunction with the Treasurer and Executive Director prepare periodic revenue and expense forecast for all Temple activities
• Working closely and in conjunction with the Treasurer, support the annual budget process for both operating and capital budgets. Support the Treasurer in the development of budget guidelines and consult with the school and program heads in achievement of budgetary goals
• Working closely with the Executive Director and our external accounting firm insure that the synagogue has developed and implemented appropriate internal controls to assure the integrity of our accounting system, the accuracy of our accounting records and safeguarding of the Temple’s assets
• Working closely with the Executive Director, develop and manage policies related to purchasing and other expenditures
• Working with the Executive Director, oversee and ensure compliance with all tax, regulatory and payroll requirements
Core Competencies Required for Success
• Ability to manage in a fast-paced innovative faith-based organization
• Ability to manage competing priorities
• Strong oral and written communication skills
• Strong analytical and problem-solving skills
• Able to work independently with strong initiative while at the same time working well in a team-oriented environment
• Strong interpersonal skills and ethical values and the diplomatic and political skills to effectively interact with clergy, staff, lay leadership, volunteers and congregation members
• CPA or MBA (in not-for-profit management preferred) and 8-10+ years prior accounting/finance experience with some not-for-profit experience strongly preferred
• Experience with accounting, budgeting and financial reporting
• Demonstrated experience leveraging technology in a financial environment
• Demonstrated ability to build strong relationships with staff across various stakeholders
• Strong people skills who builds outstanding teams and successfully manages talent
• Understands Reform Jewish values, rituals, customs and holiday practices