Director of Finance

Requirements

• Serve as a strategic financial advisor to the leadership team, providing insights and recommendations to support decision-making.

• In collaboration with the VP of Finance and Operations, support the annual budgeting and forecasting process, working collaboratively with program leaders to develop, monitor, and adjust budgets.

• Oversee cash flow management to ensure adequate liquidity.

• Analyze financial data to identify trends, opportunities, and risks.

• Develop financial models and analyses to support Foster America's fundraising goals.

• Represent the organization in financial matters with external stakeholders including auditors and bankers.

• Stay abreast of financial regulations and best practices in the nonprofit sector.

• Oversee all financial systems, ensuring compliance with GAAP and regulatory requirements.

• Prepare accurate and timely month- and quarter-end close reports and supporting data.

• Manage accounts payable and receivable, payroll, and grants administration, including compliance and reporting.

• Maintain vendor records and contracts.

• Ensure compliant invoice and expense payments.

• Manage consultant contracts and process related documents.

• Oversee credit card, program participant disbursement and reimbursement procedures.

• Develop and implement financial policies and procedures to improve efficiency and internal controls.

• Supervise the accounting contractor.

• Track active contracts and schedule alerts.

• Coordinate and oversee the annual audit process, ensuring smooth and successful engagement with external auditors.

• Prepare audit schedules and supporting documentation.

• Address audit findings and implement recommendations for improvement.

• A purpose-driven leader who is committed to Foster America’s mission and values. You are motivated and inspired to use your skills in service of transforming the way our nation supports children and families. You thrive in a start-up, fast-paced environment that values relationships, feedback, continuous learning, experimentation, and a deep commitment to social justice and racial equity.

• A skilled communicator and strong team collaborator. You can articulate thoughts and ideas clearly and effectively. You adapt your communication styles to suit different audiences.

• An entrepreneurial spirit who is excited by growth and big ideas. You are action-oriented and willing to lead with autonomy. You are focused on process improvement and apply focus and vision to get from Point A to Point B.

• A flexible, self-directed, and willing team member. You collaborate easily, pitch in where needed, and are comfortable with shared responsibility. We’re a small team and new things come up all the time—you should be ready to dive headfirst into any project that comes up!

• A leader for justice, equity, diversity, and inclusion. You negotiate and facilitate through cultural differences, conflicts, tensions, or misunderstandings.

• An organized, proficient project manager and implementer. You have the ability to move the work forward, proactively manage multiple workstreams, organize the work, lean on context, proactively plan for interdependencies, assess risk, and account for contingencies to inform decisions.

• An innovator excited by organizational change. You embrace and lead through times of ambiguity, modeling adaptability and a high level of awareness of how change impacts others. You approach new ideas, changes in work, or challenges with a sense of possibility and a solutions-based attitude.

• Successful Budget Implementation: Implement the annual budget in collaboration with program leaders, ensuring alignment with strategic goals and effective resource allocation. Monitor budget performance throughout the year, identify variances, and implement corrective actions as needed.

• Accurate & Timely Financial Reporting: Refine the system for producing accurate and timely monthly, quarterly, and annual financial reports for the leadership team and board.

• Enhanced Financial Forecasting: Develop and implement a financial forecasting model that anticipates future financial needs and supports strategic planning.

• Strengthened Internal Controls: Review and enhance internal financial controls to ensure compliance, mitigate risks, and safeguard assets.

• Improved Cash Flow Management: Implement strategies to optimize cash flow and maintain adequate liquidity to meet the organization's obligations.

• Strategic Financial Insights: Provide valuable financial insights and recommendations to the leadership team, contributing to informed decision-making and strategic planning.

• Clean Audit: Successfully complete the annual audit with no material weaknesses or significant deficiencies identified.

• Streamlined Processes: Identify and implement process improvements to increase efficiency and accuracy in accounting, grants management, and other financial operations.

• Strong Vendor Relationships: Establish and maintain positive relationships with vendors, ensuring timely payments and effective contract management.

• Up-to-date Policies & Procedures: Update and maintain financial policies and procedures to reflect best practices and ensure compliance.

• Trusted Financial Advisor: Establish credibility and trust as a financial expert and advisor to the leadership team and board.

• Cross-functional Collaboration: Develop strong working relationships with program leaders and other departments to ensure alignment between financial and programmatic goals.

• Continuous Improvement: Demonstrate a commitment to continuous learning and improvement in financial management practices and systems.

• 7-10 years of accounting and finance experience with a background in accounting, audit, and financial reporting.

• Experience in a complex nonprofit with multiple programs.

• BA required; CPA and/or MBA preferred.

• Strong knowledge of GAAP, audit procedures, and grants management.

• Familiarity with technology with experience in accounting and reporting software.

• Excellent communication and interpersonal skills.

• Ability to translate complex financial concepts to diverse audiences.

• Demonstrated leadership and strategic thinking skills.

Benefits