Director of Finance

About the position

The Director of Finance oversees the financial operations of the Foundation to ensure the maintenance of strong financial controls and timely, accurate financial data, systems and reports. Major areas of responsibility include oversight of audit, financial statements and Form 990, including financial operations in grants and scholarship administration, investment operations and accounts payable, and responsibility for the financial systems.

Responsibilities

• As a member of the Finance Leadership Team, shares in the leadership of Finance and Administration’s role supporting the organization’s strategic priorities, contributing to collaborative decision making, providing advice in areas of functional expertise and raising opportunities for collective consideration.
• Works collaboratively with staff across the Foundation to design strong financial processes and controls and to facilitate strong partnerships and collaboration across the Foundation to support changing needs and priorities.
• Leads the Financial Operations staff by providing direction, mentorship and development of staff and ensuring the appropriate assignment of work to implement the Finance Department’s workplans.
• Oversees the preparation of financial statements and all other financial and regulatory reports including Finance and Treasurer reports, Form 990 and all other communications that require financial data.
• Manages the annual audit and serves as the liaison with outside auditors.
• Oversees preparation of the annual operating budget.
• Works closely with Executive Leadership Team to align financial process with strategy.
• Monitors financial results and reports variances to management and the Finance Committee.
• Oversees Investment Operations including establishing a strong working relationship with the Foundation’s outsourced chief investments office to ensure accurate execution of all investment portfolio activity in accordance with the direction of the Investment Committee.
• Oversees Scholarship and Grants Administration ensuring strong financial controls and efficient processes are maintained resulting in timely and accurate scholarship awards, grant execution and payments including strong team collaboration with Community Impact, Development, and Finance in all areas of the scholarship and grant processes.
• Oversees the Foundation’s Accounts Payable functions ensuring strong financial controls and processes are maintained, timely payments, strong vendor management and compliance with vendor contracts and vendor tax rules.
• Oversees the Foundation’s financial systems serving as a key member of the internal advisory group, the key contact to the vendor on significant financial system matters and ensuring system changes are tested and impact on financial data and processes are understood.
• Ensures compliance with federal and state regulations, FASB standards and internal policies.
• Other related duties

Requirements

• Degree requirement can be substituted with equivalent practical experience.
• Bachelor’s degree in accounting or finance.
• Ten or more years of experience in accounting or finance preferably in the non-profit sector.
• Management or supervisory experience.

Nice-to-haves

• CPA
• Experience working with Foundant software (GLM, SLM, C-Suite)