SEARCH OPPORTUNITIES

Chief Business Officer

Location: Massachusetts, United States
Req Number: GU554
Posted: 8/24/2021
Category: Government/Not-For-Profit : Education
Job Type: Permanent

POSITION SPECIFICATION
Position -- Chief Business Officer
Organization -- The Possible Project
Reporting Relationship -- Becky Levin, Executive Director
Website -- https://www.possibleproject.org/

 

THE OPPORTUNITY

The Possible Project (TPP) is a unique and innovative organization on the verge of expansion and even greater impact in one of America’s great cities. With a scalable business model, TPP is charting the course to bring their program to underserved communities in other states and around the globe. This is a very exciting opportunity for a passionate, energetic, and entrepreneurial leader to be part of a critical moment in the organization’s evolution.

Working in partnership with TPP’s CEO and executive leadership team, the Chief Business Officer will play a significant role in advancing economic equity by ensuring young adults – particularly those from under resourced communities – develop the entrepreneurial spirit, skills and networks to launch successful careers. The Chief Business Officer will inspire students to dream; ignite students’ passions; activate their abilities with opportunities to build and apply essential skills; and encourage each student to thrive on the path of their choosing.

 

THE ORGANIZATION

The Possible Project is a youth entrepreneurship center that teaches students with untapped potential how to start and run their own businesses. In the process, students acquire a host of personal and professional skills that propel them to long-term success in life. Through a combination of curriculum, support, and STEAM projects, students are empowered with the mindset, knowledge and skills necessary for success beyond high school—including resiliency, hope and self-confidence.

Students gain exposure to the incredible learning lessons of starting their own business, develop social-emotional competencies, such as resiliency and self-efficacy, design thinking, job readiness and tech literacy skills.  Key components of the program include STEAM-rich and makerspace experiences, student businesses, pathway consultation, work-based opportunities with The Possible Project Enterprises, as well as internships and fellowships through local companies. 

 

WHERE WE ARE GOING

The Possible Project has been deeply engaged in this important work for almost a decade and has remarkably provided in-depth and year-round training and skills development to 950 students during that time, in both Cambridge and Boston. With growth and expansion on the horizon, TPP is building a 36,000 sq. ft. state-of-the-art Innovation Center in Boston with a bold and visionary goal to scale their offerings to serve 1,000 students annually by 2025.

 

WHAT YOU’LL DO

The Chief Business Officer embodies the organization’s entrepreneurial spirit and operates as a strategic business partner to the CEO, board, and leadership team, providing leadership, insight, inspiration and counsel for: 

1)    The growth of TPP’s entrepreneurship program including our internal and external businesses

2)    Building of our Boston ECO System 

3)    Leadership of our Business Development/Partnership team

4)    Leading our annual and long-term strategic planning process

5)    Financial planning and sustainability.

 

The successful candidate will take on leadership of:

TPP Entrepreneurship Program including our internal and external businesses

  • Build and develop a dynamic in-house business/entrepreneurship team and matrix organization.
  • Develop in-house businesses, businesses with local entrepreneurs and businesses with TPP’s venture fund and local entrepreneurs.
  • Collaborate with the Possible Project executive leadership team and program participants to create business plans for TPP companies and opportunities for our students
  • Evaluate opportunities/strategies for a TPP VC fund and implement if appropriate.
  • Create and implement financial systems for each business along with monitoring of short- and long-term investments and the integration into TPP’s overall financial systems.
  • Foster an inclusive work environment that promotes and sustains a sense of belonging, where the inherent worth and dignity of all people are recognized with our ultimate focus on our students
  • Serve as Co-Teacher for student program sections and provide program design input on the best way to infuse the entrepreneurship/business mindset. 
  • Actively champion and model entrepreneurial business builder mindset for colleagues and students.  

Building of TPP’s Boston ECO-System

  • Engage Boston’s thriving ecosystem – inclusive of businesses of all sizes, the venture capital community, non-profit organizations, funders, community leaders, educational institutions, and political figures – in mutually beneficial partnerships that enable each to advance shared outcomes and deliver resources in a seamless manner

Business Development and Partnership Team

  • Lead business development efforts on behalf of TPP to complement our internal core competencies.
  • Build our ECO system through building strong relationships and partnerships across all areas of the community.

Strategic Planning

  • Heads up strategic planning; lead the design and execution of TPP’s 1,3, 5 plan, budget and goals.
  • Planning will be done through a “group genius process’- our team, our Board, our community and outside advisors/KOL’s.

Financial Planning and Sustainability

  • Oversee all financial functions and P & L of the organization including budgeting, financial management and accounting.
  • Optimize staff and resource allocation to drive success across TPP deploying a clear decision framework for making tough trade-offs.
  • In partnership with the other executives, lead annual planning, including annual budgeting. Ensure strategic priorities are aligned with budget priorities and translated into rigorous, executable plans across the organization.
  • Represent TPP to its financial partners, including financial institutions, potential investors, donors, and auditors.
  • Oversee financial operations, projections, annual budgeting process, and audits – maintaining a strong record of budgetary accuracy, clarity, timely reporting, and rapid response to all financial issues. Coordinate accounting and finance systems to include forecasting, budgeting and cost accounting.
  • Supervise the Finance Team day-to-day operations in terms of forecasting, modeling, analysis, accounts receivable, accounts payable, expense tracking and other accounting responsibilities.
  • Provide risk management analyses and proactively review, anticipate, and address potential risks of all kinds affecting the organization.
  • Partner with team members on organization-wide fundraising initiatives

 

WHO YOU ARE

Successful candidates will bring superlative business acumen and passion for being engaged in a dynamic social enterprise and will demonstrate:

  • A significant track record of launching scalable businesses and enterprises as a founder or as an intrapreneur in a for-profit and/or non-profit environment
  • Proven innovative and entrepreneurial leadership
  • Strong financial management expertise
  • Deep knowledge and market intelligence across various sectors and industries
  • An energetic, ambitious and visionary nature that combines leadership and intellectual curiosity with practical execution skills and operational excellence.
  • Track record of thriving in start-up environments
  • Fearless and resilient creator with “go for it” mentality
  • Brings variety of experience across large-scale and small businesses
  • Practices respect for the talents, beliefs, backgrounds, and ways of living of all of our members, through acknowledgment, involvement, and empowerment
  • Builder of culture that values diversity, equity and inclusion
  • Ability to collaborate productively across multi-disciplinary teams
  • Showcases high EQ and seeks input from others
  • Natural relationship builder
  • Navigates effectively through change
  • Successful recruitment and retention of a highly productive and diverse team
  • Technologically savvy
  • Exemplary communications skills and compelling storyteller

 

EDUCATION

●        Bachelor's Degree in business or related field

 


KORN FERRY CONTACTS

Divina Gamble - Managing Partner
Nonprofit, Philanthropy & Social Enterprise Practice Leader
1700 K Street NW, Suite 700
Washington, DC 20006
(202) 955-0901
 
 
Paul Pospisil - Senior Client Partner
Biotechnology & Pharmaceuticals
200 Park Avenue
New York, NY 10166
(212) 984-9309
 

 
Nora Sutherland - Senior Associate
Nonprofit, Philanthropy & Social Enterprise Practice
1650 Arch Street, Suite 2300
Philadelphia, PA 19103
(215) 622-7949
 

 
Traci Robinson - Project Coordinator Nonprofit, Philanthropy & Social Enterprise Practice Leader
1700 K Street NW, Suite 700
Washington, DC 20006
202.955.0902
 
ThePossibleProjectCBO@kornferry.com 

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Korn/Ferry shall provide equal employment opportunity to all qualified candidates, and will refer candidates without regard to race, color, religion, national origin, sex, age, disability, veteran status or any other legally protected basis.

GU554

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