Fernando Almodovar has over 20 years of work experience in both the for-profit and non-profit sectors. As a financial professional, he is skilled in building and leading efficient and effective teams and thinking strategically to produce results for the organizations he has worked for. Fernando is the Chief Financial Officer of the Hispanic Scholarship Fund (HSF), the nation’s largest Hispanic nonprofit organization. He has oversight responsibility for HSF’s finance and accounting activities, grants management, risk management, and human resources functions. He also works closely with HSF’s executive team to ensure that the organization is strategically positioned to meet the educational needs of the Hispanic community today and in the future.
Prior to joining HSF, he was the Vice President of Finance and Accounting for Los Angeles Universal Preschool (LAUP) from 2005 through June 2012. LAUP is a non-profit that funds quality preschool for over 11,000 four-year-olds per year. When he began his employment at LAUP the organization had revenues of $6 million per year. He was instrumental helping grow the organization and when he left to join HSF, revenue at LAUP was over $70 million per year and growing. He led a staff of 15 employees responsible for finance, accounting, treasury, compliance, and risk management functions.
Fernando’s private sector experience includes leadership at a subsidiary of Home Depot, where he served as the Director of Finance and Controller. He also worked at Mattel, Inc. in the Internal Audit Department and in the Operations Finance Division. Because of his bilingual ability, Fernando’s work took him to Mexico, Venezuela, Colombia, Chile, and Argentina. He worked as a liaison between the Mexico manufacturing plants and corporate headquarters where he effectively combined his Spanish language skills along with his financial abilities. Prior to Mattel, Inc., Fernando worked for Grant Thornton, LLP, the fifth largest CPA firm in the country where he worked for clients in industries including manufacturing, banking, and non-profit. It was at Grant Thornton that the realization that there are very few Hispanics working in professional fields really began to sink in. This was the beginning of a journey that has led Fernando to be a part of HSF, an organization where he can make a difference in the number of Hispanic professionals who are part of the American workforce.
Fernando is a Certified Public Accountant in California, holds a Bachelor’s Degree in Accounting from California State University, Fullerton and a Master’s in Business Administration from Loyola Marymount University with a concentration in Finance with an International Certification. He also serves on the board of the South Central Family Health Center as chair of the Finance Committee.
Working at HSF is like a dream come true in that I’m able to contribute to an organization that has such a great impact in the lives of Hispanic scholars. Most of the scholars we are supporting were just like me, first generation college students with minimal resources and guidance. The work we do at HSF increases the chances that our scholars will be the doctors, lawyers, engineers, CEOs and CFOs of tomorrow (the future leaders of our country).