The Chief Financial Officer Role
The Chief Financial Officer (CFO) will play a pivotal role in strengthening the transactional, legal, financial, and operational infrastructure to enable GP to scale throughout the next decade.
The CFO will oversee two to three direct reports and four to five indirect reports in accounting, finance, Fund operations/transactions, human resources, and information technology. The CFO will also oversee the activities of more than a half dozen pro bono legal firms and local counsel in at least sixteen countries. This position is based at GP headquarters in Seattle, Washington.
Reporting to GP’s President and CEO, and serving as a member of the senior leadership team, the CFO will oversee and direct the legal, transactional, and financial/operational side of the organization. Specifically, the CFO will be responsible for:
Investment Transaction Management
- Develop a comprehensive understanding of GP’s Funds and related legal agreements and their key terms. Oversee upstream Fund investor and downstream Fund partner transaction work by the team
- Guide resolution of critical transaction issues - with Fund investors, Fund partners, and their legal counsel - to protect GP’s interests and to ensure efficient transactional execution
- Work closely with loan closing staff, outside counsel, and the Chief Investment Officer to develop strategies for resolution of loan workouts and complex transaction situations
- Work to improve GP’s competitive position with Fund partners by addressing issues such as contract costs, complexity, security agreements, and timely execution
- Sustain and expand GP’s relationships with pro bono and local counsel on a global basis, ensuring affordable GP access to high quality legal services to support all GP Corporate and Fund related activities
Financial Planning & Management
- Guide GP’s overall operating financial strategy, including financial reporting, prudent financial controls, and financial risk management; communicate financial requirements and implications of business decisions to the CEO, senior leadership team, and Board of Directors
- Support the CEO in reporting to the Board Executive/Finance Committee
- Proactively conduct analyses to provide useful financial insights to GP’s senior leadership team to help make better decisions that facilitate executing GP’s strategy through financial analysis, long term forecasting, and recommendations
- Provide executive level leadership for the annual budget process and oversee monthly reporting
- Oversee the treasury function including cash management, banking relationships, and other advisory service providers. Ensure GP is tracking to its strategic goal of aligning 100% of its assets with its mission
- Oversee and strengthen GP’s foreign exchange risk management, including policy compliance and development of an expanded set of hedging and risk management alternatives. Support the Social Investment Team with real time knowledge of foreign exchange risk management alternatives and related costs
- Provide executive level oversight for the annual external audit in the U.S. and internationally, and related communication with the CEO and Board Audit Committee
- Provide executive level oversight for annual assessment of insurance, IT, banking, credit card, and providers’ expenses and change vendors when appropriate
Legal and Compliance Management
- Provide executive level oversight of all regulatory and legal compliance
- Provide executive level oversight for GP’s corporate operations, including all contractual arrangements
- Ensure compliance with international legal requirements in East Africa and Central America
- Oversee implementation of GP’s (midstream) IT project to build a relational database to support real time investment decision making - integrating financial and social impact considerations
- Oversee and manage outside technical vendors when appropriate
- Direct strategic planning for lean, sustainable technology improvements
- Recommend capital investment improvements to CEO as needed
- Motivate and lead a high performing, multidisciplinary team
- Oversee organization wide use of lean processes that support GP’s dSCALE culture (e.g. quarterly reviews)
- Oversee Global Partnerships’ outsourced business functions
- Oversee Human Resources administration, including employee policies, salary and benefits
Candidates should have a minimum of 15 years of experience in a senior leadership position. Candidates must have managed a finance function, worked effectively in a transaction intensive environment, and led reasonably sized teams.
The position requires an advanced degree in business administration, finance, or a related field. A JD would be a favorable asset, but not required. International transaction experience is strongly desired.