Chief Financial Officer

The South Bay Workforce Investment Board, Inc. (SBWIB, Inc.) is seeking an experienced, forward-thinking, strategic, and collaborative financial executive to serve as its Chief Financial Officer (CFO). This executive leadership position is responsible for leading the organization's financial strategy, fiscal operations, safeguarding its financial integrity, and supporting long-term organizational sustainability across a diverse portfolio of workforce development programs and funding sources. The CFO serves as a trusted advisor to the Chief Executive Officer (CEO), executive leadership team, and Board of Directors while helping advance SBWIB, Inc.'s mission of strengthening communities through workforce development, economic opportunity, and business engagement. The ideal candidate is a collaborative leader with exceptional financial expertise, sound judgment, strong interpersonal, communication, and presentation skills, and a demonstrated commitment to public service.

Essential Duties and Responsibilities: Under the direction of the Chief Executive Officer (CEO), or designated authority, the Chief Financial Officer (CFO) serves as the senior executive responsible for the following duties and responsibilities, including but not limited to:

Executive Leadership and Organizational Oversight

• Serve as a member of the executive leadership team and participate in organizational planning, policy development, and strategic decision-making.
• Advise the Chief Executive Officer (CEO), Board of Directors, and executive leadership on financial strategy, organizational risks, resource allocation, investments, and long-term financial sustainability.
• Direct the Accounting, Payroll, Budgeting, and related fiscal functions through subordinate managers and supervisors while establishing departmental priorities, performance expectations, and operational objectives.
• Prepare and present financial reports, analyses, forecasts, and recommendations to executive leadership and the Board of Directors to support informed decision-making.
• Represent the organization in financial matters involving auditors, financial institutions, funding agencies, governmental entities, and other external stakeholders.

Financial Planning, Accounting, and Fiscal Operations

• Lead the development and administration of organizational budgets, financial forecasts, long-range financial plans, cash management, liquidity, reserve management, and investment strategies to support organizational objectives and long-term financial sustainability.
• Analyze financial performance, revenues, expenditures, cash flow, and financial trends; monitor performance against budgets and forecasts; identify variances; and implement or recommend corrective actions as appropriate.
• Direct Accounting operations through subordinate managers and supervisors, ensuring the accurate and timely administration of accounting functions, financial reporting, financial statements, trial balances, reconciliations, and compliance with Generally Accepted Accounting Principles (GAAP).
• Direct Payroll operations through subordinate managers and supervisors, ensuring accurate and timely payroll processing and compliance with applicable federal and California payroll, wage-and-hour, tax, reporting, and recordkeeping requirements.
• Serve as the primary departmental authority and first point of escalation for payroll-related questions. Independently research, analyze, and maintain current knowledge of applicable payroll laws and regulations and provide informed guidance regarding payroll practices, calculations, and compliance requirements.
• Clearly articulate and communicate payroll laws, regulations, and procedural requirements to Accounting and Payroll staff. Ensure team members receive appropriate information and training and remain knowledgeable of the requirements applicable to their responsibilities.
• Coordinate with Human Resources or legal counsel when payroll matters involve broader employment-related considerations, policy interpretation, or additional legal review.
• Oversee the organization’s general ledger, accounting records, budget control operations, computerized financial systems, and related fiscal controls while ensuring the integrity, security, and accuracy of financial information.
• Evaluate, implement, and continuously improve financial and payroll systems, accounting technologies, automated processes, internal controls, and recordkeeping procedures to enhance efficiency, reporting capabilities, compliance, and operational effectiveness.
• Collaborate with Human Resources regarding compensation planning, labor-cost forecasting, retirement-plan administration, employee benefits, wage-and-hour compliance, and other financial matters affecting the workforce.

Grant, Contract, and Funding Compliance

• Provide executive oversight of federal, state, local, private, and other funding sources.
• Ensure compliance with grant requirements, contractual obligations, accounting standards, cost principles, financial reporting requirements, and applicable laws and regulations.
• Oversee grant and contract budgets, reimbursement requests, electronic fund requests, budget modifications, and related fiscal activities.
• Review financial transactions, accounting records, and budget activity to ensure accuracy, proper accounting treatment, and compliance with organizational policies and funding requirements.

Audit, Risk Management, and Internal Controls

• Direct and coordinate annual independent financial audits, Single Audits, retirement plan audits, and other fiscal reviews.
• Develop, implement, and maintain internal controls, financial policies, accounting procedures, and risk management practices designed to safeguard organizational assets and ensure regulatory compliance.
• Oversee responses to audits, monitoring reviews, fiscal assessments, and regulatory examinations, including implementation of corrective actions.
• Identify, evaluate, and mitigate financial, operational, regulatory, and compliance risks that may affect the organization's financial stability or operations.

Additional Duties

• Perform other related duties as assigned in support of organizational priorities and operational needs.