October 14, 2021 – Executive search firm BroadView Talent Partners has been retained to find a chief financial officer for Kiva, an international person-to-person microlending platform. “This mission-oriented, dynamic and strategic professional will lead the finance department, working with the executive leadership team to build Kiva and expand the organization’s impact,” said the search firm. Based in San Francisco, the CFO is responsible for leading the formulation and execution of financial strategy and overseeing all financial management for Kiva and affiliates, including off-balance sheet funds. The ideal candidate should be highly experienced in financial management and analytics. The individual must also be passionate about Kiva’s mission of operating a global marketplace platform to crowdfund microloans for financially excluded entrepreneurs, farmers, and students around the world.
“BroadView chooses to work with clients who make a tremendous impact on society and the world,” said Tracy McMillan, CEO and managing partner of the search firm. “What Kiva is doing to bring banking and financial services to the un-banked populations in the U.S. and around the world is transformative. The next CFO will be instrumental in navigating Kiva’s next phase of growth and impact.”
The CFO is responsible for leading the formulation and execution of financial strategy, and oversees all financial management for Kiva and affiliates, including off-balance sheet funds, said BroadView Talent Partners. The CFO supervises a team of eight and works closely with members of the executive leadership and senior management teams.
Key responsibilities include managing all financial operations (financial planning, accounting, cash management, investments, audit and fiscal functions) of the organization, including affiliates, and positioning Kiva for strategic growth and planning in line with annual and long-term goals, said the search firm. The CFO must also accurately record, analyze, and forecast financial assets (loans), loan capital, assets under management, and related revenue streams.
The individual will also be expected to establish and maintain an appropriate system of internal controls, and oversee the annual financial audit and 990 filing, said the search firm. The CFO will also oversee the development, implementation and oversight of financial tools, systems, and transparency practices for smart financial decision-making throughout the enterprise. He or she must also provide critical financial and operational information for board, CEO, senior management team, and funders and investors, among other duties.
Kiva can only consider applicants with authorization to work in the U.S. on a permanent, full-time basis; the non-profit cannot provide visa sponsorship. Candidates should have more than 10 years of progressive experience in financial management, including financial planning and analysis, accounting and cash management, said BroadView Talent Partners. Demonstrated ability to develop financial strategy, including projections, modeling, and profitability analysis across business lines is also required. Experience accounting for, analyzing, and forecasting financial assets and liabilities, and related revenue streams is essential.
Experience in one or more of the following industries is required: community development financial institution (CDFI), financial services, asset management, financial technology, or non-bank financial entities. Non-profit, E-commerce, impact investing and/or international experience is a plus
Founded in 2005, Kiva is an international non-profit with a mission to expand financial access to help underserved communities thrive. With offices in San Francisco; Portland, OR; New York; Nairobi; and Bangkok, Kiva’s team includes 200-plus employees and more than 400 volunteers worldwide. Working in 77 countries, they have facilitated over $1.6 billion in loans through 2 million lenders and 3.9 million borrowers, crowdfunding an average of $2.5 million in loans each week.
Founded in 2015, BroadView Talent Partners is a national executive search firm dedicated to placing leadership in affordable housing agencies, non-profit organizations, and associations, as well as middle market companies. The firm provides clients with a national network, commitment to diversity, equity and inclusion, and a record of long-tenured placements. BroadView Talent Partners’ specialties include executive search, talent acquisition, retention solutions, career management, executive coaching, and board development.
Mr. McMillan has over 25 years of experience providing executive search, retention solutions and leadership advisory services to clients. He has developed a strong focus within the affordable housing, non-profit, and middle-market sectors, and established a track record of well-placed, long-tenured C-Suite executives. Prior to starting BroadView Talent Partners (formerly HCGA Consulting Partners) in 2015, Mr. McMillan served as the vice president of global talent acquisition for the NBA. Previously, he spent five years as a managing director at Diversified Search Group. Past experience also includes founding, leading, and managing the McMillan Group, a Philadelphia area-based retained executive search firm that served clients across all functional areas and industries. Mr. McMillan began his executive search career with Carrington & Carrington in Chicago and later joined LaMonte Owens Inc. where he served as senior vice president.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media