Vice President, Finance and Operations

Hopelab

Sector:

Impact Investing / Social Finance

Function:

Finance / Accounting

Location:

CA - Greater San Francisco Bay Area
Flexible

About the Organization

Hopelab is a nonprofit social innovation lab and impact investment organization supported by The Omidyar Group, founded by philanthropists and entrepreneurs Pierre and Pam Omidyar. Working across sectors and geographies, the Omidyars have contributed more than $3 billion to causes ranging from financial inclusion, to human rights, to government accountability, and press freedom initiatives.

Hopelab strives to help create a world in which young people, in particular BIPOC and LGBTQ+ teens and young adults, are thriving, free from barriers to their mental health and wellbeing. We take a systems approach by using our unique research and youth-centered design capabilities, our financial capital, and our networks to positively shift the systems impacting the mental health and well being of all young people - especially those from historically underinvested communities like BIPOC and LGBTQ+. Hopelab does this through a model of: impact investing; advisory services to investees, grantees, and other partner companies and organizations; and development of applied research to innovate in the fields of youth wellbeing and digital engagement.

To learn more about Hopelab's vision and mission, please visit their website.

About the Position

The VP of Finance and Operations will join Hopelab's leadership team during an exciting phase of growth, as we look to expand our impact on the well being of young people in the US through investments in for-profit and nonprofit companies, grants to and collaborations with other mission-aligned organizations in the youth well-being space, and translational research collaborations and grants. Partnering with and reporting to the President & CEO, this newly created position will be instrumental in strengthening our focus on both financial and operational excellence and further enhancing the organization's strategy. They will work collaboratively with organizational leaders including the Executive VP, Chief Science Officer, Head of Strategic Communications, and Head of People and Culture and with program leaders and staff across the organization. They will lead, mentor and advise a team of three (Head of Finance, Accounting Manager, and IT Manager), have a dual reporting relationship with our Employee Experience and Office Manager. They will ensure that Hopelab's 30 person staff have the appropriate infrastructure, systems, and organizational capabilities (finance, IT, legal, and facilities) to successfully carry out their programs and work, advance the mission, and make a meaningful impact.

Responsibilities:

Organizational Leadership

  • Partner with the President & CEO and Board of Directors on governance matters, including board meeting planning, coordination, materials, and presentations
  • Serve as a key functional leader, contributing to organizational strategy, mentoring staff, and leading finance and operations strategy and oversight
  • Guide the organization on all investment, financial, and operational matters to ensure Hopelab's commitment to diversity, equity, and inclusion is embedded in all practices
  • Partner with the Head of People and Culture on benefits administration and compensation-related tasks
  • Represent the organization and serve as primary point of contact with financial and legal stakeholders, including the organization's leadership, board, external auditors, investment advisors, and legal experts on tax-exempt organizations, impact investing, privacy, security and informed consents including when working with minors
  • Recognize and anticipate opportunities and challenges as they relate to financial and technology systems and operations; generating ideas, strategies, and solutions to drive impact
  • Contribute to strategy and provide rapid financial subject matter expertise to new innovative ideas and projects
  • Design and direct company-wide employee safety and risk mitigation strategy including business continuity and emergency response planning

Strategic Financial and Accounting Management

  • Ownership of all management, financial & tax reporting, including board presentations and annual collaborative budgeting process
  • Provision of detailed and insightful reviews of business performance and analysis to support timely and informed decision making including reforecasting budgets to support Hopelab's impact goals
  • Oversee valuation and reporting and participate in investment committee for Hopelab Ventures, the organization's impact investment practice
  • Oversee grants management function and system, including a pooled fund with multiple other grantmakers
  • Design, implement and maintain systems and processes that facilitate efficient and effective reporting mechanisms that allow management and staff to monitor budgets proficiently
  • Lead operational and financial risk management strategy and execution, including identifying and defining organizational risk, and engaging insurance brokers/agents to secure insurance coverage, where appropriate, for the identified risks
  • Ownership of all treasury and working capital requirements in collaboration with external partners; ensure that all banking and financial management relationships are functioning at the optimal level to support the business
  • Review and negotiate grants, non-grant making & investment commercial terms and other agreements
  • Provide guidance, development and management to ensure that agreements are processed, signed and disbursed in a timely manner
  • Ownership of payroll ensuring all payroll-related functions are performed promptly and accurately
  • Lead our 401k investment committee in collaboration with People Ops
  • Ownership of all audit processes and EOY protocols including working with the Audit Committee to engage the audit firm and preparing and filing the organization's 990-PF and all necessary filings in California
  • Ensure the organization's compliance with IRS rules for private foundations organized under IRC Section 501(c)(3), including overseeing resource sharing agreements between charitable and non-charitable entities

Operations Responsibilities

  • Lead oversight of Information Technology and provide IT staff strategic technology direction which supports Hopelab's impact, including its privacy, security, and business continuity goals
  • Lead oversight of facilities to create a workspace that supports Hopelab's mission and goals. Serve as lead Hopelab contact to building owner and/or property management for lease options and negotiations and other property management issues
  • Support and manage the finance, information technology and facility operations staff ensuring internal customer needs are exceeded, business continuity is ensured, and robust succession planning is in place
  • Develop, in collaboration with the teams, robust and challenging key performance indicators for facilities, IT, Legal, and finance, continuously review performance and adapt and improve indicators to demonstrate continuous improvement to the wider organization

Candidate Requirements:

Experience

  • At least fifteen years of accounting and broad-based financial management and operational experience, with five years of senior management experience
  • Experience functioning in a senior leadership position, including reporting to and partnering with the President & CEO and working with boards of directors
  • Demonstrated experience with procurement of professional services
  • Experience and ambition to lead and manage both the strategic and operational requirements of the finance and operations functions
  • Knowledge of laws and regulations relating to US tax exempt organizations, preferably private foundations organized under IRC Section 501(c)(3)
  • Strong experience and ambition to manage accounting and financial reporting under GAAP

Competencies and Attributes

  • A passion for Hopelab's mission and a commitment to Diversity, Equity, and Inclusion
  • A conscientious and consultative approach to problem identification and resolution, with an ability to anticipate needs, recommend options and implement solutions
  • Strong analytical, strategic, and critical thinking skills
  • Excellent leadership skills, and ability to build relationships with, mentor, and influence staff at all levels of the organization
  • Excited to "roll up their sleeves" and do the work as well as manage and direct the work of others
  • Excellent written and communication skills, with an ability to translate complex ideas into clear, easy-to-understand concepts and products
  • Comfort with ambiguity and demonstrated ability to remain flexible and nimble in a quickly changing environment
  • Demonstrated ability to lead competent and high-performing functional leaders and appropriately delegate and empower staff to fulfill their responsibilities
  • Ability to partner effectively with a variety of internal and external stakeholders

Compensation and benefits:

Compensation: The total salary range for this position is $250,882 to $295,155, with a starting salary range of $250,882 to $265,639, commensurate with training and experience (this is a San Francisco Bay Area rate: salary is tied to local job market data, so will differ by geography). Hopelab provides a generous benefits package that includes medical, dental, vision; phone and internet stipends; wellness programs, including 8 therapy and 8 coaching sessions a year for you and dependents; paid time off; 401K contributions exceeding industry standards; all this, plus the opportunity to work with amazing colleagues to create a more equitable world for young people.

Location: While much of our work is remote, our strong preference is that this role is based in the San Francisco Bay area (or in the Pacific Time Zone) to allow for ad hoc in-person work with our CEO and other team members. Occasional travel required.

Hopelab is committed to attracting and retaining a diverse staff and encourages people from underrepresented groups to apply. Hopelab is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, race, ethnicity, religion, sexual orientation, gender identity, national origin, marital status, ancestry, disability status, protected veteran status, or any other characteristic protected by law. Employment offers will be contingent on a background check that is limited in scope and compliant with best practices for Fair Chance Hiring. All inquiries are held in strict confidence.

On-Ramps is deeply committed to diversity, equity, and inclusion. We believe social change happens when people with a wide range of backgrounds, experiences, and identities come together with a common purpose. We're partnering with the team at Hopelab to build a diverse team that is representative of the communities we serve. We encourage candidates from all backgrounds to apply.

On-Ramps is committed to the inclusion of all qualified individuals in the hiring process, including but not limited to those with disabilities. If you require reasonable accommodation(s) to participate in the application or interview process, please contact info@on-ramps.com.