Chief Financial and Operations Officer (CFOO)

Overview

Founded in 2001, Common Future works to close the racial wealth gap. We are building a future where all people—no matter their race and class—have power, choice, and ownership over the economy. Our current economic system does not work for everyone. Generations of Black and Indigenous communities and other communities of color have been and are currently intentionally locked out of wealth and power. Centuries of policies that systematically favor a select few cause persistent economic inequities that hold us all back.

With a multiracial, women-led co-CEO team we are reimagining leadership, prioritizing sustainability, shared leadership and clarified decision making, and reflecting the communities we serve. We are audacious, expansive, and unapologetic thinkers and doers who bring lived experience to the problems we tackle. Our diverse team of strategists, community organizers, financial activists, and policy enthusiasts provides capital, operational support, and strategic partnership to budding solutions addressing racial and economic injustice. 

Our culture values include centering equity, being the communities we serve, embracing experimentation, reimagining what’s broken, collectively solving problems, and modeling a new way of working. We strive to be an innovator that prioritizes the well-being of our employees. Read more about us on our Medium page.

Job Posted on January 13, 2025

Purpose 

The CFOO serves as the internal leader, coordinating directly with the Office of the Co-CEOs to

advance the strategic and operational priorities of Common Future. The CFOO will have oversight

of key operational functions and will be responsible for the overall management and leadership of

Common Futures's finance, people operations and IT/Systems functions. The CFOO will

effectively support and refine organization and staff capacity, ensure operational effectiveness

and efficiency to achieve the organization’s vision and mission, and help steward the organization

through our next phase of evolution.

• Management & Executive Leadership (20%)
• Lead the organization internally and ensure effective communication, cascading of information, and connectivity across departments and subteams
• Evaluate and ensure executive and operational alignment with organizational mission, values, strategic objectives, and key results
• Act as a thought partner to Office of Co-CEOs, including on topics related to the financial and operational sustainability of the organization and internal culture
• Support the work to ensure that our culture continues to evolve in line with our strategy and that our priorities around building an inclusive and equitable workplace remain top priority
• Work with the Co-CEOs, Chief of Staff, and Senior Leadership on annual budgeting processes and other operating and strategic plans
• Participate as a member of the Senior Leadership team
• Consistently communicate with the Co-CEOs on the status of the organization’s overall and emerging operational opportunities and challenges

• Operations (30%)
• Lead high level vision setting and strategy for Operations and Finance, including setting goals that align with those of the organization and ensuring accountability
• Strengthen and streamline organization-wide operations through adaptation, shared learning, and continuous improvement
• Directly supervise and support the Director of Finance, Controller, Director of HR,
• Director of Systems and Information – holding teams accountable, delegating effectively, and supporting their development and growth
• Lead all treasury management and oversee the Financial work of Common Future and Community Credit Lab,, including accounting, financial reporting and analysis, audit and tax reporting, budgeting, compliance, controls, and risk management
• Broadly oversee and support the Human Resources work, including, employee experience, culture, talent management, development, benefits, compensation, and compliance.
• Broadly oversee and support the work of the Systems, Data, and IT function including direct supervision , including an effective IT and systems strategy,adequate controls, policies, and procedures that are resourced and support the organization’s needs
• Triage across the Operations subteams to ensure the people, financial, and systems resources needed to achieve our strategic priorities as set by Co-CEOs

• Finance (30%)
• Responsible for the development and oversight of the financial strategy for two entities, Common Future and subsidiary Community Credit Lab, ensuring that resources are aligned with organizational mission and goals
• OverseeCF’s audit strategy, ensuring coordination between key stakeholders, e.g. Co-CEOs, Board, Finance Team
• Guide the high-level budgeting process to ensure alignment with leadership priorities and organizational goals while supporting the Director of Finance to lead the process.
• Provide oversight on all accounts, ledgers, and reporting systems, ensuring compliance with appropriate GAAP and nonprofit accounting standards and IRS regulatory requirements.
• Work with the Finance Team to maintain the financial management system while ensuring maintenance of appropriate internal controls, financial policies and procedures, and auditable fiscal structure.
• Oversee Common Future’s Fiscal Policies & Procedures, including Internal Treasury Management Policy, providing strategic direction for banking relationships and related processes, and revising such policies as needed.

• Compliance & Enterprise Risk Management (10%)
• Oversee CF’s safety and security framework, including cybersecurity protocols in collaboration with CF’s outsourced managed service provider (Personified)
• Ensure CF remains compliant, appropriately registered, and well protected as it relates to IT, fundraising, insurance, and investment activities
• Coordinate with General Counsel, external pro bono counsel as needed, and Finance team to ensure compliance with applicable Federal and State regulations and navigate CF’s ongoing legal needs, including ensuring entity maintenance and insurance management for two nonprofit entities –Common Future and Community Credit Lab
• Ensure robust systems to strengthen the infrastructure of the organization, including legal and risk management

• Building an Equitable Organization (10%)
• Evaluate and continuously improve the organization-wide equity strategy and priorities
• Evaluate adherence to equity priorities across the organization, including our ongoing work to be Pro-Black and Pro-Indigenous
• Coordinate working groups to implement the equity strategy as needed
• Develop and oversee equity budget and ensure that work is adequately resourced

• Specific to this Role
• Track record of executive leadership experience – at the C-suite level or senior management positions, in managing an organization, budget creation and oversight, building capacity, and developing streamlined and agile processes
• Experience with financial and accounting software (e.g., Quickbooks Online/Sage Intacct and Microsoft Excel) required.
• Experience with banking and treasury management and coordination of audit
• Commitment and dedication to dismantling unjust systems with experience addressing bias and dominant culture in the workplace
• Exceptional strategic thinking skills around operationalization and execution in complex situations and environments
• Expertise in guiding nonprofit organizations through the transition from growth to maturity by leveraging adaptable leadership strategies and stewarding change management initiatives
• Strategic communication skills to ensure organization-wide coordination and operational prioritization is effective and aligned with organizational goals
• Comfortable operating in ambiguity, with a desire to seek clarity - comfortable asking hard questions to ensure alignment and comprehension
• Preferred, but not required education / certifications: MBA, JD, SHRM-SCP or HRCI SPHR Certification, CPA

• Competencies for all Common Future team members
• Understands the Work and Organization
• Project Management/Planning 
• Relationship Building
• Strong Communication
• Strategic Thinking
• Practices Emotional Intelligence

Compensation

The salary range is $162,508.66- $188,861.42.

This is a full-time, exempt position where the salary will be based on competence and experience

at the conclusion of the interview process. The compensation is non-negotiable, aligning with our

internal equity principles and compensation philosophy. Once onboard, there is potential for

salary growth within the established band, as Common Future staff have opportunities for annual

merit increases and cost of living adjustments.

Our Commitment

As an Equal Opportunity Employer, Common Future does not discriminate against applicants or employees due to their race, ethnicity, religion, sexual orientation, gender, gender identity, age, physical ability, hairstyle, previous incarceration, or length of time spent unemployed. As an organization, we are committed to reflecting the diverse communities we serve.

Studies have shown that women, trans, non-binary folks, and BIPOC are less likely to apply for jobs unless they believe they meet every single one of the qualifications as described in a job description. We are committed to building a diverse and inclusive organization, and we are most interested in finding the best candidate for the job. That candidate may be one who comes from a background less traditional to our field of work, and that’s okay. We would strongly encourage you to apply, even if you don't believe you meet every one of the qualifications described.

Benefits

Common Future offers a work environment that is committed to the wellbeing and support of our employees. We embrace a human-centered approach to our practices and policies. We offer a competitive benefits package that includes: 

•Ongoing 4 day work week, Monday - Thursday, 32-hour workweek, 80% time at 100% pay

•Remote and flexible work options

•20 days of PTO

•18 paid holidays*, including a week off in the Spring and Winter

•Fully paid medical, dental, vision for employees. Dependents covered at 75%

•Access to a flexible spending account (FSA) for medical and dependent expenses

•Paid long-term disability and life insurance

•16-week paid parental leave

•$500 annual professional development stipend

•$500 monthly caregiver stipend

•Immediately vested 4% 403b retirement plan contribution after 90 days

•$800 one-time home office set up stipend for new employees

•$150 per month coworking, home office, and cell phone stipend

•Annual in-person retreat, and more! 

*Holidays that fall on Fridays are not rescheduled to another day.

Notes

Applications will be evaluated as they arrive and the position will remain open until filled.

Due to the high volume of applications, our hiring team is not able to field requests for feedback or informational interviews sent via LinkedIn or email. If you are a good match for the role, our team will reach out to you directly.