Accounting Manager, Nonprofit

POSITION ANNOUNCEMENT:

Accounting Manager

Reporting to:
Controller

Location: Los Angeles, CA

Posted: February 16, 2024

THE OPPORTUNITY

The Accounting Manager is a newly created role that will add
capacity to a robust finance and accounting team.  This key
position will have responsibility in critical areas that include
financial and cost analysis, financial planning, treasury, audit
and tax support. As our investments portfolio continues to grow in
scope and complexity, the Accounting Manager is also responsible
for investment accounting and managing the financial operations for
the program-related investments (PRI). This position will be a key
partner and support to the Controller, having responsibility for
developing and strengthening internal processes, operations and
infrastructure.

The person who steps into this role will have the opportunity to
partner with an outstanding eight-person finance team.  They
will bring substantial accounting and investment accounting
experience.  They will be a highly experienced and
knowledgeable accountant, keen to roll up their sleeves and be
hands on with the work, and capable of mentorship and being a team
player. 

This is a unique opportunity to join an organization committed
to utilizing and leveraging its financial resources to further its
mission, align its values and serve communities.  Cal
Wellness has committed to aligning its entire endowment by building
a portfolio that has positive impact on the foundation’s mission
and reflects the foundation’s core values of racial and gender
equity, while earning market rate return and contributing to the
foundations long-term financial stability.  Learn more about
our impact investing here.

THE CALIFORNIA
WELLNESS FOUNDATION

The California Wellness Foundation (Cal Wellness) is a private,
independent foundation established in 1992 with a mission to
protect and improve the health and wellness of the people of
California. As one of the largest health-focused foundations in
California, with over $1 billion in assets, Cal Wellness is a
nationally recognized leader for its strategic core operating
support for grantees; public policy grantmaking; and a focus on
violence as a public health issue. It is Cal Wellness’ desire to
promote equity and level the playing field so that everyone has
access to good-paying jobs; healthy and safe neighborhoods; and
quality health care services.

The foundation’s current Advancing Wellness grantmaking strategy
includes four interrelated
portfolios. Since its founding, Cal Wellness has awarded nearly
12,400 grants totaling more than $1.3 billion. In addition to its
grantmaking, the foundation has committed to using its voice,
influence, and endowment dollars to advance its mission.

Cal Wellness has a diverse staff of approximately 45 located in
its Los Angeles and Oakland offices and a diverse 13-member Board
located throughout the state of California. The foundation’s work
underscores a belief that wellness requires social justice, a deep
commitment to diversity, equity, and inclusion (DEI), and sustained
efforts to eliminate systemic barriers that prevent access to
health care, education, employment, and safety.

Please visit http://www.calwellness.org for
more information.

ESSENTIAL DUTIES AND
RESPONSIBILITIES

Investment Accounting- Approximately 40%

• Oversees the communication with investment advisors and
  custodial bank regarding any issues that may arise related to
  investment accounting.
• Reviews and approves monthly cash investment bank
  reconciliation.
• Reviews and approves quarterly investment reconciliation and
  investment journal entries.
• Supports accounting staff and provides knowledge and guidance
  on investment accounting related issues.
• Analyzes information and prepares reports and projections on
  the Foundation’s investments, payout and related tax planning.
• Reviews, monitors and oversees the maintenance of the year-end
  private equity investment accounting log.
• Assists with investment audit and 990PF related schedules.
• Oversees PRI invoicing and prepare wires for capital
  calls.
• Reviews and analyzes reports from PRI agencies and PRI
  Advisor.
• Develops best practices for all investment accounting
  functions.
• Recommends and implements process improvements for all
  investment accounting functions.

Accounting – Approximately 40%

• Responsible for general ledger activity, including but not
  limited to entering monthly journal entries, executing monthly
  closing of the general ledger, and reconciling general ledger
  accounts.
• Conducts second review of month-end Concur expense reports and
  approves and posts related journal entries.
• Reviews and approve vendor bills and grants to insure correct
  coding and proper approvals.
• Recommends and implements process improvements; updates all
  necessary business policies and accounting practices; maintains the
  finance department’s overall policy and procedure manual.
• Prepares cashflow forecasts for use in grant and operation
  payouts.
• Assists with tax return and audit schedules as needed.
• Supports Controller with preparation of annual budget, partners
  with budget managers on routine budget the actual and forecasting
  analysis.

Additional Responsibilities – Approximately
20%

• Participates in professional development activities.
• Provide backup to Controller.
• Special projects and other duties as assigned.

CANDIDATE PROFILE

The ideal candidate will have deep experience in accounting,
with the strong blend of interpersonal skills, analytical skills
and communications, enabling them to partner effectively with
multiple stakeholders, including other foundation staff and
consultants. 

• A minimum of five (5) years of progressive experience and
  growth in a finance function at a complex and relevant organization
  (e.g. a foundation, large nonprofit, university, audit/consulting
  firm, etc.).
• Clear record of achievement in investment accounting, financial
  management and experience with the intersection of finance,
  accounting, and compliance.
• A CPA is a plus.
• Knowledge of US GAAP, investment theory, financial markets, tax
  concepts and regulations and financial analysis.
• Experience with accounting systems, Netsuite is highly
  preferred
• Exceptional written and verbal communications skills and
  ability to convey complex information and data visually and orally
  in a concise, effective, and engaging way.
• An effective manager with demonstrated ability to develop
  strengths of individual team members and to build effective,
  values-based teams.
• Ability and willingness to travel periodically.
• Passionate about The California Wellness Foundation’s mission
  to protect and improve the health and wellness of the people of
  California.

CORE COMPETENCIES

The ideal candidate will embody Cal Wellness’ core
competencies:

• Commitment to Justice, Equity, Diversity & Inclusion
• Communication
• Innovation
• Leadership
• Teamwork and Collaboration

LOCATION & TRAVEL

Cal Wellness operates with a hybrid work model that supports
in-office and remote work. In-office attendance will typically be
required Tuesdays and Wednesdays. Travel is estimated at up to 10%
to engage with the team and have a periodic presence at our Los
Angeles headquarters and our Oakland office and to attend meetings
and convenings across the State. This position will be based at our
Los Angeles headquarters.

COMPENSATION & BENEFITS

The target starting salary for the newly hired Accounting
Manager is $145,000 per year. The full salary grade for the role is
$112,000 to $168,000 per year.

Highlights from our benefit package include: a variety of
medical insurance plans (fully covered for staff, covered at 90%
for dependents, subject to plan limits), dental and vision
insurance (covered at 90-95%), a generous 401(k) retirement savings
plan (with a 16% employer contribution!), flexible paid time off,
tuition reimbursement (up to $5,250 per year), professional
development opportunities, matching gifts (for every $1 you give to
an eligible organization, we’ll match $3), and the opportunity to
work at a mission and values driven organization.

TO APPLY

Please apply
here and upload a cover letter and resume by Friday, March
22, 2024.

Resume review begins immediately, and candidates will be
considered on a rolling basis. Those selected for advancement will
be asked to participate in several rounds of interviews (virtual
and in-person), complete a writing assignment, and provide a list
of professional references. If you require a reasonable
accommodation to participate in our application process, please let
us know.

The California Wellness Foundation is partnering on this search
with Matthew Cruz of GHJ Advisors.  Please direct all
inquiries to the search firm.  No other agency referrals
please. 

The California Wellness Foundation is an equal
opportunity employer and welcomes a diverse candidate
pool. Additionally, we are a fair chance employer and
welcome candidates with lived experience with the criminal justice
system.

The above job description is intended to describe the
general nature and level of work performed and is not intended to
limit the scope of potential work assignments. This is only a
summary of the typical functions of the job and duties may differ
from those as outlined above.