SUMMARY
The Director of Finance and Administration has full responsibility for the accounting and financial functions. Managing a high-performing team, this position is a leader in the organization focused on effectiveness, productivity, and risk management.
ESSENTIAL RESPONSIBILITIES
- Manage the budgeting, general accounting, tax, financial reporting function and team
- Manage payroll, compensation management, and benefits administration
- Oversee annual audit and investment accounting function
- Assist Chief Financial & Administrative Officer to ensure appropriate insurance coverage is in place and risk is mitigated
ESSENTIAL OUTCOMES
- A comprehensive budget is prepared annually in advance of the upcoming year and based upon input from appropriate staff and the Finance Committee. Once approved, financial activity for the year proceeds in compliance with the budget
- The Foundation’s timekeeping, payroll, and employee benefits management systems create a transparent, fair, and equitable compensation system for Foundation employees. Employees will have a clear understanding of the Foundation’s benefits and how to navigate them
- The accounting function is staffed and managed appropriately to ensure strong internal controls and that all financial reporting is timely, accurate, and in accordance with generally accepted accounting principles
- The financial statements and underlying accounting records of the Foundation result in an unqualified annual audit opinion with minimal auditor adjustments and support the preparation and filing of all necessary tax returns. Develop financial reporting that enhances informed decision-making and fosters Board member engagement
- Oversee an accurate investment accounting function to facilitate effective senior management and Board decision-making
- The Foundation makes purchases from a diverse group of vendors offering the best pricing on quality supplies and equipment Purchases and vendor relationships are within budget, conform with policy and established procedures, and serve the needs of the Foundation. Invoices and other documents are reviewed for accuracy and vendors are paid the correct amount on a timely basis
- An effective Finance and Administration team is in place through recruitment, training, staff development, and management in partnership with the Vice President of Program Administration and the Chief Financial and Administrative Officer
SUPERVISORY RESPONSIBILITIES
- Works in conjunction with Human Resources in the hiring process and onboarding
- Takes specific steps to create and develop a diverse workforce and to promote an inclusive environment
- Accessible to employees and available to answer all questions and concerns
- Identifies performance expectations, gives timely feedback, and conducts formal performance appraisals
- Helps employees see the potential for developing their skills and assists them in eliminating barriers to their development
- Delegates responsibility where appropriate, based on the employee’s ability and potential
- Takes timely and appropriate correct/disciplinary action with employees
EDUCATION AND EXPERIENCE
Minimum levels of education and experience.
- Education: Bachelor’s Degree in Finance or Accounting, Master’s Degree or CPA designation preferred
- Experience: Minimum 8 years’ experience with progressive responsibilities including supervision of teams, preferably in a philanthropic or charitable organization. Experience with implementing new accounting systems is preferred. Knowledge of not-for-profit accounting standards is preferred
STATEMENT OF DIVERSITY
MFH is an equal-opportunity employer that values diversity and strives for authentic inclusion. We seek to build a team that reflects the diversity of race, socioeconomic status, national origin, color, disability, religion, gender, age, marital status, sexual orientation or gender identity, and encourage candidates of all backgrounds to apply. MFH is committed to salary equity, and compensation will be determined based upon an independent assessment of qualifications relative to the position’s responsibilities. The Foundation’s compensation philosophy can be viewed here.
