The Baltimore Community Foundation (BCF) is a fast‐paced, dynamic tax exempt organization dedicated to inspiring donors to improve the quality of life in the Baltimore region through grantmaking, civic leadership and strategic investments. BCF believes that one of the great strengths of the Baltimore area is the rich diversity of its residents. We believe that our region is stronger, better and more prosperous when all residents have equal opportunities to participate in civic life. We strive to incorporate considerations of diversity, equity and inclusion into all aspects of BCF’s work. Our core values are trustworthy, inclusive and entrepreneurial.
With assets over $168 million comprised of over 700 charitable funds, BCF has granted over $392 million since its inception in 1972 and is one of the Baltimore region’s top grantmaking foundations. BCF is the fiscal sponsor for three major program initiatives and is affiliated with four supporting organizations.
$120 million of the total assets are invested in the BCF Pool with highly diversified asset allocations for long term growth. $21 million of the total assets are invested in the Money Market Pool to meet short term grantmaking needs. Both pools are overseen by the BCF Investment Committee, managed by professional money managers and advised by Cambridge Associates.
BCF undergoes a vigorous accreditation every five years and is certified under the Council on Foundation’s National Standards for U.S. Community Foundations.
Reporting to the Executive Vice President and Chief Operating Officer and serving as an integral member of the Management Team, the Vice President of Finance and Administration (VP) will be responsible for the development of BCF’s financial management strategy and contribute to the development of the organization’s strategic goals. In addition to the strategic components, the VP will be charged with evaluating and improving policies and procedures both in the finance and general administrative realms. This is an outstanding opportunity for a finance executive with operational and investment experience and a proven track record of creative problem‐solving and change management to join in a high‐growth, mission‐driven organization. We are looking for candidates with the following key characteristics:
- Superior skills in managing people, priorities and resource allocation in achieving short‐term and long‐term goals
- Proven knowledge in endowment management or in supporting implementation of investment policies
- Excellent capacity in analyzing, developing and implementing business models using forecasting and risk management tools
- Strong knowledge of technology with experience in deploying technology in a customer service‐oriented and mission‐driven environment
BCF is seeking to accelerate growth as it implements its strategic plan through 2016. The VP will play a critical role in assisting BCF in formulating its next strategic plan, which is anticipated to begin in early 2016.
Strategy, Vision and Leadership
Advise the President, Executive Vice President and Chief Operating Officer, and two other Vice Presidents (Management Team) on financial planning, budgeting, cash flow, investment priorities, and policy matters.
Serve as the management liaison to the Investment, Budget& Finance and Audit Committees; effectively communicate and present critical financial matters at select Board of Trustees and committee meetings.
Contribute to the development of BCF’s strategic goals and objectives as well as the overall management of the organization.
Maintain continuous lines of communication, keeping the Management Team informed of all critical issues. Represent the organization externally, as necessary, particularly in banking and lease negotiations.
- Oversee, direct, and organize the work of the finance, technology and administrative teams. Direct reports include Director of Finance, Director of Technology, Human Resources Manager and four other support staff.
- Promote a culture of high performance and continuous improvement that values learning and a commitment to quality.
- Ensure staff members receive timely and appropriate training and development.
- Establish and monitor staff performance and development goals, assign accountabilities, set objectives, establish priorities, conduct annual performance appraisals, and administer salary adjustments.
- Mentor and develop staff using a supportive and collaborative approach.
- Evaluate and implement an appropriate system of policies, internal controls, accounting standards, and procedures.
- Regularly evaluate internal and external risks and maintain adequate insurance coverage.
- Plan, coordinate, and execute the annual budget process.
- Ensure adherence to the strategic plan and prepare reports to the Board as necessary.
- Provide analytical support to BCF’s Management Team including development of internal management reporting capabilities.
- Improve administrative and operational accounting services such as treasury management, retirement plan, grants payment processing, gift acknowledgement, payroll, accounts payable, and purchasing.
- Serve as the liaison between BCF, landlord, building management and subtenants.
- Manage front desk coverage and the administrative support pool.
As a prerequisite, the successful candidate must believe in the core values of BCF and be driven by the mission. The candidate should demonstrate a passion for breaking new ground to lead social and organizational change. Beyond that, we are seeking a candidate that has proven experience and a demonstrated ability to both lead and build the capabilities of a driven, bright, diverse team.
The successful candidate will most likely have had management experience with both not‐for‐profit and for‐profit organizations. As noted, this is an organization driven by the values of its people, so experience in managing a “values‐driven” organization will be highly prized. Additional requirements are:
- Bachelor’s in Accounting or Business; MBA preferred
- CPA preferred
- Minimum 10 years experience in a senior management role ideally with both external audit and in‐house financial management experience gained in a high‐ growth organization
- Experience in managing investment consultant and executing investment policies
- Experience either as an employee or board member of a nonprofit organization; must be familiar with nonprofit finance and accounting regulations
- Proven track record of success facilitating progressive organizational change and development within a growing organization
- Excellent judgment and creative problem solving skills including negotiation and conflict resolution skills
- Superior management and coaching skills; ability to influence and engage direct and indirect reports and peers
- Energetic, flexible, entrepreneurial, collaborative, and proactive; a team leader who can positively and productively impact both strategic and tactical finance and administration initiatives
- Exceptional written, oral, interpersonal, and presentation skills and the ability to effectively interface with senior management, board, staff and affiliates
- Passion for BCF’s mission and core values
The Baltimore Community Foundation is an equal opportunity employer and seeks a diverse pool of candidates in this search. We strive to be trustworthy, inclusive and entrepreneurial in all we do.We offer a competitive compensation package including benefits such as health, vision and dental insurance, retirement contribution and match, tuition reimbursement, life insurance, disability insurance, charitable match, flexible spending account, employee assistance program and more.
To apply, please submit a cover letter and resume to:
Human Resources Manager
Baltimore Community Foundation
2 East Read Street Baltimore, MD 21202
Direct calls and/or unsolicited third party endorsements are strongly discouraged. No professional recruiters please.