Director, Financial Services Banking Data

The renowned North Bennet Street School (NBSS), an esteemed Boston institution where the timehonored tradition of fine craftsmanship remains a vital influence on the City’s culture and economy, seeks a collaborative and experienced Director of Finance who can move seamlessly between thought partnership and tactical execution to help the School reach ambitious goals, anticipate future needs, and establish best financial practices. With a refreshed strategic plan underway and a newly forming operations team coming together, this is a special moment to bolster finance and accounting systems and design integrated business processes to make it more fully possible for NBSS faculty, staff, and students to do their best work. This role is well-suited to a proactive, analytical, detail-oriented, and hands-on finance manager with a successful track record of teamwork, creative problem-solving and effective resource management.
Its spacious, 64,000-square-foot facility is located in Boston’s historic North End neighborhood, the community in which it was originally founded 140 years ago. Today, the school continues to bridge opportunity and demand by training the next generation of traditional tradespeople using time-honored methods and skills while also creating rewarding, life-long careers. NBSS offers a range of accredited and non-accredited courses including professional career training programs, skill-building classes and experiences, public programs, exhibitions, community partnerships, and more.
NBSS recognizes that its success has been built on the strength of its faculty and staff: committed professionals achieving great results in teaching, student support, administration, and fundraising. The new Director of Finance (Director) will be responsible for building up the infrastructure necessary to promote a thriving, highly engaged, and productive environment at NBSS, reinforce collaboration and integration, and ensure that the School’s resources make it possible for faculty, staff and students to do their best work.
Reporting to the Senior Director of People and Operations, the Director will oversee finance, accounting, and reporting activities for an $8M budget as well as reporting on its $29M endowment. They will serve as the senior advisor and partner to the President, Provost, and Board of Directors in all financial activity including annual planning and budgeting; and ensure that NBSS has the systems and workflows in place to support outstanding program implementation and mission attainment.
70% of NBSS students receive financial aid, so experience in financial aid management or a similar federal funding model is highly desired, although on-the-job training in this area will be provided. The Director will partner with the Scholarship Committee, a cross-department team of student services, development, enrollment, and financial aid, to manageand inform the scholarship budget and ensure that students are being served by the School from a financial standpoint.
This includes partnering with the Development team as they report out to corporate and foundation funders, and with the Provost’s office particularly during financial aid cycles each semester to ensure that payments and reimbursements are administered properly and efficiently. They will need to analyze the existing processes to ensure compliance and mitigate risk, work closely with senior administrators to streamline financial operations, leverage new information technology, and establish standard processes that provide maximum benefit to all parties involved, including students.
They should be able to quickly contribute in a meaningful way as a highly effective and engaged partner to senior leadership; use the utmost discretion in all presentations, correspondence, and communication with staff, faculty, Board of Directors, and President; The desired candidate will bring finance and accounting experience in a mission-driven, growth environment along with a quick-thinking, flexible, and inclusive approach that appreciates the need for consensus while driving progress against stated goals. They will embody systems thinking, able to shift between strategy and execution - translating ideas to tactics that affect targeted outcomes. FINANCE MANAGEMENT
● Manage all aspects of finance and accounting: financial statements, general ledger, cost accounting, AP/AR, invoices, budgeting, tax compliance, inventory accounting, and revenue recognition.
● Comply with all local, state, and federal laws regarding finances, tax filings, and reporting.
● Build and maintain a documented system of finance, accounting, and administrative policies to support program operations.
● Prepare quarterly/annual financial reports and manage fiscally responsible quarterly/annual budgets and forecasts.
● Advise on financial analyses and strategic decision-making regarding forecasting, contract negotiations, significant costs, benchmarks, and similar strategic matters.
● Consistently analyze financial data and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements.
● Define, benchmark, and implement financial best practices.
● Monitor progress and changes and keep senior leadership informed of NBSS financial status.
● Partner with the Senior Director to staff the Audit Committee.
● Prepare and organize financial statements for record and review and coordinate all audit activity including the annual 990 process.
● Ensure compliance and reporting for grants, collaborating with the Director of Development and supporting program audits and grant writing activities.
● Manage organizational cash flow, forecasting by working in partnership with the administrative and program directors.
● Manage and track the performance of invested assets in keeping with policies and investment guidelines.
● Stay informed about changes in accounting standards for nonprofit organizations.
FINANCIAL AID
● Manage all full-time student accounts, collections, including payment plans and disbursement of financial aid, with support from the Academic Administrator.
● Reconcile Title IV disbursements to student accounts with COD data from the Financial Aid Office on a monthly basis.
● Manage Federal G6 system as the primary user and ensure Federal Funds bank account is segregated for G6 cash drawdowns only, including return of Title IV funds.
● Interface with counselors at the Department of Veterans Affairs to arrange receipt of veteran education benefits to appropriate student accounts.
● Manage refunds of payments to third party payers, including the VA and private lenders, and scholarship provided in accordance with NBSS and organization refund policies.
5+ years of progressively responsible finance and/or accounting experience in an educational setting or nonprofit with a similar finance structure.
● Exceptional knowledge of finance, accounting, budgeting, cost accounting and cost control principles, internal controls, and GAAP.
● Prior work with federal funding and reporting, or the willingness to learn and develop a skillset in Federal Student cycle and compliance and reporting requirements, specifically in the areas of Title IV cash management and disbursement.
● Analytical ability to develop and implement improvements or recommendations including experience implementing automated accounting systems.
● Detail-oriented with excellent project management skills, including the ability to handle multiple tasks and deadlines.
● Lives the principles of diversity, equity, and inclusion with the ability to express these through day-to-day work.
● Ability to build sincere relationships with a variety of internal partners with whom no direct line supervision exists, as well as external individuals from board members to volunteers.
● Bachelor’s degree in finance, accounting, or business administration, or equivalent business experience. APPLICATION INFORMATION
To express interest in the position, please submit application materials consisting of a resume and letter of interest to nbss-df@pearlstreetcollective.