[sudo-discuss] [omni-consensus] Proposal: Hire Emily as Omni Financial Coordinator (CFO) (fwd)

Hi Sudoroom, in two weeks we will have another Delegate's meeting and I will be asked to represent Sudoroom's position on hiring this person (on a contract basis) to be a Financial Coordinator for Omni. Emily has been coming through sudoroom occasionally for years, including bringing catering food when it was left over after big events. I trust she'll do a good job in this position, and provide Omni with a lot of guidance toward finding a new lender, as well as other related financial tasks we have to keep working on. Please discuss! Ideally we will have a meeting and discuss it, but don't hesitate to talk about it here. -jake ---------- Forwarded message ---------- Date: Mon, 21 Nov 2022 16:39:53 -0800 From: Emily B <accurate1707(a)gmail.com> To: consensus(a)lists.omnicommons.org Subject: [omni-consensus] Proposal: Hire Emily as Omni Financial Coordinator (CFO) Hi Consensus, It has been discussed through finance and the delegates meeting to hire someone who can coordinate exciting financial tasks that keep the building going. Discussion at the recent meeting can be found here: https://omnicommons.org/wiki/Event:2022/11/17_Delegates Delegates requested I send a proposal for bringing me on as the Financial Coordinator, including a description of what that role is. In another organization this might be called Chief Financial Officer or Head of Finance, but given the horizontal structure we went with "Omni Financial Coordinator" to illustrate it is a point person or coordination role. The title and description is following a two hour interview done in the delegates meeting and time spent outside with the Finance working group. A description of qualifications is located in the consensus archive listed here: https://omnicommons.org/pipermail/consensus/2022-November/003720.html *Proposal*: Hire Emily as Omni Financial Coordinator (CFO) using the description and outline below *Description* Financial Coordination - budgeting, analysis, forecasting, and reporting to delegates the financial status of Omni accounts in the past, present, and future Fiscal Sponsorship and Funds Support - financial operations and transactional support to internal teams Financial Operations - coordination of accounts payable, accounts receivable, treasury, general ledger accounting, and statutory filings for the Omni and associated entities Grants and Impact Investments - grants and impact investment priorities, policies, and strategies Real Estate - coordination of financial aspects of property in East Bay "What does this mean?" The focus is on understanding what the Omni needs to keep the building going, maintaining and improving those processes (with input when people have interest as this is an often overlooked role). *Examples of focus projects in financial coordination* - Omni mortgage loan coordination (keeping the building collectively owned, and open) - Organizing finance data to bank standards for a mortgage team - Coordination of tax exemption status with orgs and city - Creation of workflows and training for finance roles - Review of grants list for non-loan income These are things everyone does a bit of, with a person who has expertise in the field making sure they are happening and that there are people available and trained for the tasks to happen. *Prior discussions* - It was at first proposed to have one position for all things. Then to break that into Finance Coordinator and Building Operations Coordinator because there is enough work for those to be individual roles. My qualifications were for either and I am focusing on Finance for this period - The amount of time per week was suggested to be 10-15 hours per week to start, and full time at some later point. Time per week can be changed with agreement from both parties as needed - It has been debated whether to use W2 employee or 1099 contractor - - Omni's advice was that if the person is already doing work in the field a 1099 is acceptable under CA rules - A question was asked what if the contract needs to end early. The answer is to include a termination provision. This releases legal liability of contract length. An accessible language explanation can be found here: https://www.insperity.com/blog/how-to-smoothly-end-an-independent-contracto… - The Omni has historically hired finance contractors As such the proposal is for Emily to be hired as a Financial Coordinator in a contract role at 10-15 hours a week for six months, at a rate discussed by finance, with time to be adjusted if agreed by both parties. Thank you for reading, and I look forward to hearing from you all. Warmly, Emily B