About Inclusive Action for the City
Inclusive Action for the City is a 501(c)(3) nonprofit organization whose mission is to bring people together to build strong, local economies that uplift low-income urban communities through advocacy and transformative economic development initiatives. Founded in 2008, the organization employs a multi-disciplinary approach to its work, creating spaces for new ideas, compiling research, supporting local entrepreneurs and leaders, and helping other organizations implement their innovations.
Inclusive Action for the City is a Community Development Financial Institution (CDFI) that specializes in lending to micro-businesses in the retail, service, and manufacturing sectors with BIPOC, immigrant, or low-income owners. As of 2023, their team deployed nearly $4,000,000 in micro-loans, with an average loan size of $12,000. They acted as a strong and effective grantor issuing over $3,000,000 in grants serving thousands of entrepreneurs.
The Opportunity
The Chief Financial Officer (CFO) will join an exciting, rapidly growing organization. In the last three years, they’ve grown from 9 to 30 staff and tripled their budget to $9M. At this critical juncture, the organization is focusing on financial sustainability, including portfolio diversification and new investment strategies.
This is an opportunity for an innovative financial leader to build out the Finance Department and refine financial systems, processes, and forecasting, as the organization balances funding from private sector banks, foundations, and government sources. On the loan fund side, significant funds flow in and out to support the community, with state guarantees now covering 80% of the loans. This leader will need to have the skills and ability to manage this complex process.
The Chief Financial Officer works closely with the Executive Director and Leadership Team to identify and manage the organization’s finances. This role will be a steward of the organization’s resources and lead its efforts to be a prudent utilizer of grants and investments to further Inclusive Action’s mission, while also developing forecasts that support our Leadership Team’s programmatic priorities.
This role has the expertise, focus, and influence to be a strong accounting and operational leader for the organization. Strong project management and communication skills are a necessity in this role, and the successful candidate will be a proven problem solver who can leverage impact and influence to find clarity in complex and gray situations. They will help lead financial relationships with banks, investors, and funders as appropriate, and represent the organization and its priorities in the field. The Chief Financial Officer reports to the Chief Executive Officer and supports the Leadership Team, currently composed of the Vice President of Policy & Legal Strategy, Director of Lending, Director of Operations, and Director of Community Innovation.
Learn more about Inclusive Action for the City at www.inclusiveaction.org.
Compensation & Benefits
Inclusive Action offers a competitive salary commensurate with experience. The salary range for this position is $165,000 - $205,000 with an expected starting salary of $170,000. The position’s compensation includes full medical, dental, and vision benefits, 14 paid holidays, sick leave, and up to two weeks of paid vacation a year with an opportunity to accrue more after serving two years with the organization.
Hybrid Work Schedule
Currently, the Inclusive Action team is working in person at the office 40% of the time and remotely 60% of the time until further notice and all employees must be vaccinated against COVID-19. The physical office is located in Boyle Heights and is available for necessary in-person appointments as well as an optional workspace. All applicants are expected to live in Los Angeles County.
Contact
Koya Partners has been exclusively retained for this engagement. Express interest in this role by filling out our Talent Profile or emailing the search team directly at [email protected]. All inquiries and discussions are strictly confidential.