Director of Finance

POSITION OVERVIEW:
Reporting to the Chief Executive Officer (CEO), the Director of Finance is responsible for management and execution of all finance, accounting, and reporting activities. The Director of Finance will play a critical role in supporting senior leadership in strategic decision making and operations as the Schott Foundation continues to enhance its programming and build capacity in advocacy groups across the country.

The Director of Finance will manage day-to-day finance operations of the Schott Foundation annual budget and financial assets, including functional responsibility over accounting, accounts payable, accounts receivable, payroll, grantor reporting and bank and investment reconciliation. The Director of Finance will ensure that the Schott Foundation has the processes, procedures and controls in place to support effective program implementation, reporting systems, and flawless audits. The Director of Finance will work closely with the program and development teams.

This role has one direct report, Staff Accountant.

LOCATION:
Quincy, MA

RESPONSIBILITIES:

Financial Management (50%)

  • Manage all accounts, ledgers, and reporting systems ensuring compliance with appropriate GAAP standards and regulatory requirements.
  • Maintain internal control and safeguards for receipt of revenue, costs, grantmaking and program budgets, and actual expenditures.
  • Manage semi-monthly check run process.
  • Consistently analyze financial data and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements; monitor progress and changes and keep senior leadership abreast of the Schott Foundation’s financial status.
  • Oversee all financial, program, and grants accounting.
  • Manage organizational cash flow forecasting by working in partnership with the Vice President of Programs and Advocacy, continuously collaborating to assess the financial efficacy of program operations and establish finance and administrative systems to support program and grantmaking operations.
  • Investment monitoring.

Grantor Reporting (25%)

  • Collate financial reporting materials for grantmaking analysis and foundation grant reporting.
  • Ensure that expenditures consistently align with grant and program budgets throughout the grant/fund period

Financial and Organizational Compliance (10%)

  • Assist senior leadership in the annual budgeting and planning process; administer and review all financial plans and compare to actual results with a view to identify, explain, and correct variances as appropriate.
  • Coordinate all audit activity.
  • Preparation of Federal and state tax returns with outside audit firm.
  • Manage the Foundation’s regulatory and charitable compliance filings.

Human Resources (5%)

  • Oversee semi-monthly payroll process.
  • COBRA administration as needed.
  • Management of 403b retirement plan.

Board of Directors (5%)

  • Support the CEO in engaging the board of directors around issues and trends in financial operating models and delivery. Prepare quarterly and annual reports to the Board of Directors.
  • Provide staff support for quarterly Board Finance Committee meetings.

 

QUALIFICATIONS

  • CPA, finance degree, or equivalent experience is required.
  • At least five years of experience with key areas of financial management mentioned in the description above.
  • A demonstrated understanding of nonprofit accounting is required, along with a willingness to roll up one’s sleeves.
  • An appreciation for social justice and advocacy in support of traditional public education.
  • A passion for getting things done, and excellent attention to detail.
  • A strong believer in continual, strategic process improvement, who is also ready to jump in to troubleshoot as challenges occur.
  • Excellent interpersonal skills and a sense of humor are strongly preferred.

 

How to apply: Please email your cover letter and resume with “Director of Finance” in the subject line to jobs@schottfoundation.org.

The Schott Foundation for Public Education is an equal opportunity employer committed to a diverse and multicultural workplace.