Director of Finance

Director of Finance

About KIPP Bay Area Public SchoolsKIPP is a non-profit network of 224 college-preparatory, public charter schools across the country educating early childhood, elementary, middle, and high school students. KIPP schools are united by a common mission, a commitment to excellence, and a belief that if we help children develop the academic and character strengths they need for college and choice-filled lives, they will be able to build a better tomorrow for themselves, for their communities, and for us all.There are currently 15 KIPP schools across the Bay Area educating nearly 6,000 students in East Palo Alto, Oakland, San Francisco, San Lorenzo, San Jose, and Redwood City and supporting over 3,000 alumni around the country.Position OverviewThe Director of Finance sets KIPP Bay Area Public Schools financial management strategy, leading the development of scalable financial systems, processes, and policies that ensure both continued financial health and sustainability, and strong alignment between our financial plan and organizational strategic objectives.The Director of Finance is a critical thought partner to the Managing Director of Finance, Chief of Schools, Managing Directors Of Schools, and broader Executive Team at KIPP Bay Area Schools. S/he manages a high-performing finance team that is grounded in trust, strategic orientation, growth mindset, and strong partnership with our school and regional leaders. Additionally, S/he is responsible for the effective communication of our financial story to key stakeholders, including our School Leaders, Operations Managers, Regional Leaders, Finance and Investment Committee, and charter authorizers.S/he manages the day-to-day financial operations in the areas of long-term financial planning, annual planning and budgeting, budget management, financial evaluation and advising, facilities finance, compensation, Board reporting, and financial modeling.The ideal candidate is entrepreneurial and strategic, and is an excellent people manager, systems thinker, and effective communicator. Additionally, to ensure strong internal talent pipelines, the ideal candidate has the interest and capacity to serve as the financial leader (CFO) of the organization in the future. This position is full time and is located at our Regional Support Office (RSO) in Oakland, with occasional travel to our school sites (San Jose, Peninsula, San Francisco, Oakland, and San Lorenzo). This position reports to the Managing Director of Finance.Key ResponsibilitiesStrategy and LeadershipAdvise the Managing Director of Finance on our organizational framework and key metrics for financial health and sustainability, mitigation of key risks, organizational strategy and opportunities, and scaling the finance and accounting functions Models expert strategic advising to key organizational leaders, including our Chief of Schools and broader Executive Team, so that we can build continue to innovate and scale with financial discipline. Builds strong relationships, rigorously evaluates new ideas, asks probing questions, exercises influence, and reinforces financial discipline. Holds finance team accountable to strong financial advising of school and regional leaders Set direction and hold Associate Director of Finance accountable to the development and execution of our annual planning and budgeting process. Ensure that our process of stakeholder engagement and organizational decision making evolves with our growing organization, resulting in an efficient, effective resource allocation aligned with our strategy and mission Monitor key internal and external organizational risks, and create strategies to mitigate risk, such as prudent financial assumptions and contingency plans. Key risks include: enrollment, public funding rates, fundraising, competitive salaries, SpEd budget, medical benefits, cost of capitalTeam DevelopmentCreate finance team departmental plan with ambitious objectives aligning with organizational strategy. Design team structure with clear roles and responsibilities, decision rights, leading to strong execution of department plan Lead team of three high performing finance teammates with two to three direct reports. Aggressively coach and develop direct reports through ongoing performance management. Delegate stretch assignments aligning with teammates interest (where feasible), and build bench depth for internal succession Responsible for strong team culture marked by trust, shared voice, and equitable access to development opportunities. Hold Associate Director of Finance accountable to joyous bi-weekly team meetings to reinforce and sustain healthy team culture in alignment with RSO Values and DEI Vision Statement Lengthen the horizon of team planning by engaging finance team quarterly to measure progress against team initiatives, set quarterly goals, and work-plan effectively. Hold Associate Director of Finance Accountable to high-quality bi-weekly work-planning, ensuring team is progressing towards goals on a day-to-day basis Prioritize recruiting and hiring of top talent: selling, selecting, and setting expectationsFinancial OperationsMonitor financial performance quarterly and hold organization accountable to strong financial health and sustainability: schools that are break even on public revenue remain break even, growing schools are tracking to full enrollment and break even on public funds, the Regional Support office is operating efficiently, sustainable SpEd budget. Recommend philanthropic investments consistent with our mission at a sustainable level. Design simple quarterly dashboards for Managing Director of Finance and CEO Sets ambitious vision for scalable financial operations at 20+ schools. Identify and implement opportunities to automate and simplify financial operations, centralize decision making, standardize budgeting across schools, and make data-driven resource allocation decisions Oversee creation and final review of quarterly financial update for our Finance Committee. Responsible for high quality, accurate, clear and concise materials Oversee annual renewal of compensation strategy, scales and ranges, and policies. Support finance team in annual benchmarking and calculation of returning salaries Oversee execution of organizational real estate strategy. Oversee annual renewal of facilities affordability criteria, evaluates affordability of specific projects, secures debt financing through completion of due diligence, leads annual monitoring process by ratings agency. Responsible for submission of financial reporting exhibits for charter petitions and renewals. Responsible for day-to-day financial operations. Delegates ownership to high-performing Associate Directors with clear roles and responsibilities and decision rights Collaborates with Controller on strong partnership between finance and accounting teamsSkills & QualificationsBachelor’s degree required Relevant operational experience; experience in K-12 charter education preferred Unquestioned integrity and commitment to KIPP’s mission and values Goal and results-oriented, with strong initiative, prioritization, and project planning skills Strong strategic, analytical, curious mindset, with ability to navigate a broad range of strategic issues to make informed decisions. Forward thinker who can break down complex information and balance the needs of multiple stakeholders Strong functional expertise in financial operations: planning and budgeting, facilities finance, financial modeling, financial statements, cash management Proven team leader and culture builder, who excels at building strong relationships with people from all backgrounds/roles, and exercises influence Builds buy-in and exercises influence with a broad range of stakeholders through clear communication and articulation of underlying rationale Self-starter, comfortable in a fast-paced, entrepreneurial environment. Learns quickly, thinks on feet, exercises strong judgment with limited information Optimistic, positive and joyfulCompensationWe are dedicated to you and your family's well-being! KIPP offers a competitive salary as well as comprehensive benefits package including medical, dental, vision, and transportation benefits.