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Chief Operating Officer (COO)

Employer
Magic Cabinet
Location
Washington, United States
Salary
$150,000.00 - $165,000.00
Closing date
Sep 24, 2022

View more

Position Type
Executive, Programs, Grant Administration, Administrative, Accounting and Finance, Human Resources, Information Systems
Fields
Community Foundations, Philanthropic Advisors
Employment Type
Full Time
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The Organization

Magic Cabinet champions communities' work by partnering with nonprofits and other philanthropists to achieve the nonprofits' missions. Magic Cabinet does this by providing long-term capacity-building grants, access to peer networks, and advocating for the broader adoption of collaborative, trust-based philanthropic practice. Magic Cabinet believes that by working in solidarity, nonprofits, community, and philanthropy can build a just and equitable world.

Five values guide all of Magic Cabinet's internal and external work:

Ongoing Partnership. Magic Cabinet engages in deep, collaborative, long-term relationships through multi-year investments and support.

Equity. Magic Cabinet purposefully and actively redistributes power to weigh community voice.

Trust. Magic Cabinet supports authentic and reciprocal relationships amongst peers.

Flexibility. Magic Cabinet is committed to listening and adapting to ever-changing community needs and contexts.

Informed Decision Making. Magic Cabinet is grounded in data and translates research and feedback into innovative practice.

Magic Cabinet has just celebrated its fourth anniversary, has a staff of 17 located in the Seattle-area and in the Bay Area of California that will be expanding to about 25 by end of year, a forecasted operating budget of ~$5.5m for FY 2023, and anticipates making about $10m in grants for the same time period.

The Position/Your Role

A newly created executive leadership role at Magic Cabinet that reports to the CEO and leads a staff of six (6) initially, the COO oversees the implementation, documentation, and evolution of all workflows inside the foundation.  These workflows include budget management, grant management, payments management, IT infrastructure, insurance needs, legal communications, contract creation and tracking, and audit and tax-related reporting activities. The COO role is critical within the foundation as they are the main driver of internal business operations and compliance. 

Working with cross-department leadership, the COO will help lead the creation of internal strategies, goals, and metrics to track progress. Critically and in direct partnership with the CEO, they will help lead the creation of budgets and work with external financial teams as the main point of contact for budget management and tracking.

Leadership Abilities / What You Bring

Candidates will be evaluated on the full range of their lived and learned experience, professional background, volunteer experience, and direct and transferable skills. Magic Cabinet is seeking candidates with a compelling combination of demonstrated experience and skills in some, or all, of the following areas:

  • Experience serving as a CEO, COO, CFO, CAO, CFAO, Executive Director, Deputy Director, Managing Director, Managing Partner, Department Director, or similar role(s), or as a senior staff member of an organization, division, or department of comparable size.
  • Broad understanding of the operational aspects of running non-profit organizations or foundations (budgeting, financial management, HR, IT, systems, compliance, audit, staff development).
  • Experience managing or supervising work with non-profit organizations or foundations, business operations, public sector operations, or human services – which may come from board, volunteer, or staff service – is required for success in this role.
  • High emotional and social intelligence coupled with the ability to build and cultivate internal and external relationships to increase organizational capacity, capabilities, reach, and positive impact.

Compensation & Benefits

Starting salary for the position will be $150,000 for those located in the greater-Seattle area and $165,000 for those located in the Bay Area of northern California.

Magic Cabinet provides all full-time employees with:

  • Medical insurance covered at 100% for you,
  • 90% for your dependents
  • Generous dental and vision care stipend for you and your dependents
  • 401(k) retirement plan with employer match
  • Yearly 401(k) bonus based on meeting organizational goals (Eligible after 6 months of employment)
  • Ample paid time off (at minimum amounting to 40 workdays off per year when all totaled)
  • An automatic 3% salary increase on annual work anniversaries
  • The ability to work from the office or home*
    • The San Francisco Bay based team is currently working from home exclusively and anticipates re-establishing a central office in the near future. When a Bay Area office is re-established, it is anticipated that team-members will be expected to work in office one day a week.
  • Home office stipend for internet and other home office needs
  • Ample foundation-paid continuing education and networking opportunities

To Be Considered

The position is open until filled, with a priority deadline of September 30, 2022.

Candidate materials are reviewed on an on-going basis and initial interviews will begin immediately. Please submit a resume and a one-page cover letter addressed to CEO, Christina Engel at: https://valtasgroup.hire.trakstar.com/jobs/fk02829/

You may direct questions to Ed Rogan at ed@valtasgroup.com or Emily Lee at emily@valtasgroup.com.

Magic Cabinet asks highly qualified candidates to undergo a background check as a final step in the hiring process. Having a prior criminal record is not an automatic disqualification.

Equal Opportunity Statement

Magic Cabinet is an equal opportunity employer. We celebrate community leadership while cultivating an inclusive environment for all employees.

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