The Black Cooperative Investment Fund (BCIF) has operated for four years and poised to move toward the next phase of its organizational development, accelerate its trajectory and overall impact in the community. BCIF’s long-term success will depend significantly on the leadership of the new Executive Director. The person filling this position will have an entrepreneurial spirit, is passionate about the importance of economic empowerment, is ambitious, values equity of opportunities, understands the importance of economic justice, and is committed to improving the quality of life for the Black community. This position is primed for an individual that is seeking to have a career in which he/she can align his/her passion for community, business acumen, and professional integrity with an organization that is laser focused on generating substantive community impact and building a legacy-filled funding model.
The individual in this position must have the experience, passion, drive, ambition, vision, leadership skills, business acumen, and reputation as a proven “do-er” to help harness the organization’s existing resources and take BCIF to the next phase in its organizational development.
There is ample opportunity for personal and professional growth; autonomy to shape the operational and programmatic activities of the organization; freedom and encouragement to be bold, innovative, and forward thinking; potential to be compensated accordingly; and becoming an influential figure within the landscape of Southern California’s Black community.
The Executive Director may have professional experience in a variety of sectors including, but not limited to: finance, banking, philanthropy, nonprofit management, the private sector, and/or government/public service. Reporting to the board of directors, the Executive Director will be the “senior leader” responsible for all operational activities of the organization. The board expects the Executive Director to assume, and willingly accept responsibility for, “all things BCIF.”
SCOPE OF DUTIES
- Champion BCIF’s mission, vision, priorities and partnerships with all relevant stakeholders (current and potential borrowers, Black business owners, funders/donors, mission-similar organizations, and local media
- Provide inspiring leadership for the organization and challenge the organization to meet or exceed its stated goals
- Execute organization’s operations in a manner aligned with annual strategic goals
- Develop accountability systems that effectively track the effectiveness of the organization’s investments, including both quantifiable and qualitative measures
- Develop, execute, and oversee strategies to increase the organization’s revenues and achieve annual revenue targets by: leading efforts to identify and apply for grant opportunities with foundations and corporations; building and maintaining positive relationships with BCIF’s previous and current funders; and securing recurring gifts from individual donors
- Ensure prudent use of the organization’s funds, adhere to board approved budgets, and achieve annual lending targets for deployment of funds
- Build and maintain awareness about the landscape and issues that impact Black-owned businesses and serve as the organization’s liaison with the business community and beyond
- Serve as a strategic thought partner for the board of directors, provide periodic reports to the board on all key operational activities, and attend board meetings, as requested
- Develop, execute, and oversee strategic marketing activities that increase the organization’s visibility locally, statewide, and nationally
- Identify, enlist, and manage contracted staff to ensure key operational activities are executed in alignment with the organization’s action plan
- Identify a solid pool of potential borrowers, encourage them to apply for loans, and meet the organization’s annual lending goals
- Ensure due diligence/underwriting for loan requests are processed seamlessly, timely, and thoughtfully; Spearhead in assembling, engaging, and supporting the loan review committee, a group of individual donors that provide input in loan decision making processes
- Establishing and strengthening the organization’s partnerships with other mission-similar organizations to leverage resources and participate in advocacy efforts (as appropriate) that promote economic opportunities for the Black community
- Integrate traditional business and philanthropic perspectives along with insights gained from lived experience and authentic community sentiments
- Develop and cultivate trusted community relationships across the Southern California area, with special attention to the critical issues impacting the economic viability of the Black community; Exhibit a credible, visible presence as an active member of the community, serving as a bridge builder between resources and needs
- A Bachelor's Degree in Business Management, Finance, Nonprofit Management, Marketing or a similar field of study from an accredited college or university – AND - five years of relevant professional experience. A Master's Degree in Business Administration, Finance, Nonprofit Management, Social Entrepreneurship, Business Management, International Business or a similar field of study from an accredited college or university may be substituted for three years of the required experience; and
- A valid California driver’s license, proof of vehicle insurance, and reliable transportation or ability to secure timely transportation for travel to a variety of sites throughout Southern California.
- Entrepreneurial, self-starter that is comfortable working in flexible, autonomous environments, does not require micromanaging, and can absorb and implement information efficiently
- Demonstrated ability to work seamlessly in a non-traditional work setting and willingness to go “above and beyond” (when needed) to achieve key objectives
- Detail oriented, creative “no box” thinking, highly organized and ability to create and adhere to project timelines
- Broad experience with the operational opportunities and challenges of nonprofit management
- Propensity to activate innovative ideas into action; a practical visionary with a penchant for implementation and measurable impact, but also someone with full regard for process and data
- Knowledge of challenges faced by African Americans in accessing capital (with an emphasis on challenges facing Black business owners); A community perspective and knowledge of the landscape affecting Black owned businesses and the economic trajectory of the Black community more broadly
- Genuine passion for, understanding of, and experience working to address the political, social, cultural, legal, and economic factors that impact the quality of life for the African American community
- Professional experience in researching, identifying, and securing grants on behalf of nonprofit organizations; an established background in executing nonprofit donation strategies
- Excellent interpersonal, communication (written and verbal), and influencing skills; the ability to express complex information in ways that are accessible to varying audiences; comfort being the organization’s spokesperson, whether in person, on camera or in the community; an ability to “sell” ideas and cultivate relationships with donors
- Successful leadership and management in relevant spaces that are similar in mission to BCIF
- Business acumen and insight informed by both lived experience and professional engagement; a candidate’s ability to embrace (and be embraced by) BCIF’s geographic region, target community, and relevant stakeholders must be unambiguous
- Clear commitment to equity of opportunity, supported by a track record of service and positive impact
- Demonstrated ability to lead others in a constructive and inclusive manner while building sustainable collaborative relationships
- Supervisory experience with a track record of people development; someone experienced in leading, building and guiding a strong team of committed contributors; a player/coach who leads by example
- Professional acumen to interact with staff, Board members, philanthropists and members of the media, but also the natural ability to connect comfortably regardless of an individual’s circumstance or background
- Proficient in Microsoft Office applications (i.e., Word, Excel, PowerPoint), Adobe Pro, and other software programs; Demonstrated ability and/or experience in maintaining electronically stored information in detailed databases
BCIF is housed in the Regus – Howard Hughes building located at 6080 Center Drive, 6th floor, Los Angeles, CA 90045. However, the Executive Director will be able to work remotely and should have an ample home office set-up to allow him/her to work effectively in a remote working environment.
This is a salaried, exempt position. The annual salary range for this position is $70,000 - $85,000 per year. Salary may be negotiable depending upon the candidate’s qualifications. An annual performance bonus of up to five percent of annual salary is offered contingent upon achievement of concrete organizational milestones. BCIF is offering a competitive benefits package including medical, dental, vision, life insurance, retirement plan, and paid time off included in the compensation package.
HOW TO APPLY
To be considered for this dynamic position, please submit a cover letter, resume, and a short (1 – 2 page) writing sample to: firstname.lastname@example.org. Candidate materials will be accepted through May 18, 2021 at 5:00 pm. Early submissions are strongly encouraged. Please use the subject line: “Executive Director.” One combined PDF file is preferred. Candidate review begins immediately. Advancing candidates will be invited to a preliminary interview for the position. Finalists may also be asked to respond to an advanced assignment related to a real-time challenge that the Executive Director would face in this role. The timeline for starting this position is early July 2021.
Learn more about BCIF by visiting: www.bcifund.org