Tuesday, February 5, 2013

Senior Vice President of Finance

Root Capital

Mission and History of Root Capital

Root Capital’s mission is to grow rural prosperity by investing in small and growing agricultural businesses that build sustainable livelihoods in Africa and Latin America.

Root Capital is a nonprofit social investment fund that grows rural prosperity in poor, environmentally vulnerable places in Africa and Latin America by lending capital, delivering financial training and strengthening market connections for small and growing agricultural businesses.

Root Capital clients include associations and private businesses that help create sustainable livelihoods by aggregating the products of hundreds, and often, thousands of farmers. Since our launch in 1999, we have provided more than $400 million in credit to over 460 small and growing agricultural businesses.

Root Capital envision a thriving financial market serving agricultural businesses that generate long-term social, economic, and environmental sustainability for small-scale farmers and their communities around the world. Headquartered in Cambridge, Massachusetts, Root Capital currently has associated offices in Costa Rica, Mexico, Peru and Kenya.


Strategic Leadership

· Serve as Board treasurer and chief financial officer for the organization, ensuring the sound use and management of organizational finances, following Generally Accepted Accounting Principles.

· Guide the scaling of Root Capital as member of Executive Team from a financial perspective, being fully conversant in the key drivers of a lending business so as to identify and advise action on risks and opportunities.

· Establish and execute meaningful financial policies, procedures, controls and systems; produce timely monthly financial statements and achieve a clean annual audit.

· Liaise with Board of Directors, and specifically, the Audit & Finance Committee, to set agenda and engage board members in executing their fiduciary responsibilities.

· Lead Finance such that Root Capital strategies and operations are clearly aligned and implemented well, with appropriate balance of internal controls and decentralization / empowerment across Root Capital.

· Supervise staff of 3 direct reports (controller, director of financial planning & analysis and part-time treasurer) and total department of 10 staff. Motivate department to perform their jobs with excellence and to represent Root Capital culture and values.

· Remain up-to-date on best practices / current trends in both financial institution and non-profit management, leadership, SME finance, and in general the “Root Capital space” in order to optimize department performance.

Accounting and Financial System Integration

· Guide controller in producing timely, accurate monthly consolidated financial statements, audit and IRS Form 990.

· Oversee payroll for Cambridge and five Latin America and Africa field offices, ensuring compliance with all applicable laws.

· Leveraging bank operational expertise, lead implementation of new business processes within newly installed Intacct multi-entity, multi-currency financial software. Focus areas include everything from optimizing the basics of bank reconciliations and cost allocation, installing new functionality for notes payable and multi-currency transaction processing, and ensuring these processes and systems leverage industry best practices to deliver accuracy, efficiency and scalability.

· Establish and execute meaningful accounting and financial policies and procedures, controls and systems, bringing in best practices from commercial regulated financial institutions to complement the non-profit ones already in place.

· In close coordination with colleagues, implement business processes to enable effective project management of multiple restricted grants.

· Optimize accounting treatment for foreign currency lending and associated hedging, loan participations and other new practices as the organization evolves.

· Review and advise on vendor contracts, ensuring proper procurement practices.

Financial Planning & Analysis

· Guide FP&A team in determining sophisticated five year financial projections, maintained in Adaptive Planning software. Includes developing a deep understanding of the drivers of our business to provide critical analysis of all aspects of our projections in order to advance the refinement of our business model for the loan portfolios and non-profit activities.

· Establish, in conjunction with the director of FP&A, rigorous financial performance analysis to inform strategy and bolster the controls on the accuracy of our financial statements.

· Oversee annual budgeting process, including quarterly revisions and regular reporting to Executive Team and Board of Directors.

· Review financial risks within the lending portfolio, as estimated by Global Programs leadership, and advise as appropriate to ensure that Root Capital properly identifies and accounts for risk that impacts the financial health of Root Capital as a whole.

· Prepare and present presentations to Board of Directors and Executive Team.


· Oversee banking relationships and short and long term cash management.

· In conjunction with the treasurer, guide organization in creating an appropriate capital structure of debt and equity to fund the business in light of our growth and sustainability targets and risk, our and investors’ risk tolerance, and the availability of debt and equity capital on advantageous terms.

· Advise on management of financial risks associated with this activity, notably liquidity risk, FX risk, interest rate risk and commodity price risk.

Sustainable Trade Fund Transition Team

· Serve as advisor to team that will develop a plan during 2013 to create a subsidiary to hold Root Capital’s Sustainable Trade Fund.

· Provide inputs on how best to structure the management and administrative fees; assist in determining which staff should be paid from which entity, where portfolio management should reside, etc.

· Build specific systems and processes as needed to enable the subsidiary creation, currently scheduled for 2015.

Other activities as specified by the CEO

This position description is intended to describe the general nature and level of work of this position, and is not an exhaustive list of all responsibilities, duties and skills required of individuals in this role.

Qualifications and Experience

· Bachelor’s degree in related field; MBA desirable, CPA strongly preferred.

· 15-20 years of increasingly complex leadership experience, with minimum 10 years of commercial bank operational experience, ideally in an international financial institution

· Experience with implementing financial software and optimizing business processes.

· Experience with consolidating multiple sets of books in multiple currencies.

· Experience managing a business with management agreements among its entities.

· Experience with bank regulatory regimes, even if prior employment was with a non-regulated financial services organization.

· Detail-oriented accounting skills and deep analytical skills.

· Strong team player with a proactive, service-oriented attitude.

· Willingness to “roll up sleeves” and get work done.

· Demonstrated ability to work in a fast-paced environment.

· Strong creative, analytical and problem-solving skills.

· Spanish or French fluency a plus.

· Experience with multilateral NGOs a plus, but not required.

· Good sense of humor.

· Shares Root Capital’s commitment to worldwide poverty alleviation and environmental conservation.

· Must be authorized to work in the US

More information about Root Capital is available at

Applications will be accepted until the position is filled. Candidates are encouraged to apply as soon as possible.

Applications including a resume and cover letter describing your interest, qualifications, language abilities, salary requirements, and how you learned of the position should be sent to: Please type “SVP Finance” followed by your name (Last, First) as the subject line of your email (e.g. “SVP Finance – Marrero, Marc”). Finalist candidates will be required to provide at least three work-related references.

Root Capital is an equal opportunity employer.
  • Managing Partners

    William Davidson Institute
  • Sponsoring Partner

    Citi Foundation
  • Content Partners


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