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Vice President of Finance and Administration
1 month ago
Greater Worcester Community Foundation
Job DescriptionVice President of Finance and Administration
Greater Worcester Community Foundation (GWCF)
Worcester, MA
Greater Worcester Community Foundation is seeking a Vice President of Finance and Administration who will be a strategic financial leader with executive responsibility for the Foundation’s accounting, financial management, budgeting, audit, tax, and general operations. Reporting directly to the President and CEO, the VP of Finance and Administration will be a key member of the leadership team and will support the Foundation’s mission by providing excellent service to internal and external constituents with a focus on efficiency and excellence through diligent management of operational processes and procedures.
Vice President of Finance and Administration Qualifications and Skills
- Bachelor’s degree in finance, accounting, or related field. A CPA certification is required; an MBA is preferred.
- A minimum of 7-10 years of relevant experience, preferably in a nonprofit or foundation environment, with at least 5 years of managerial experience in leading a team and mentoring staff.
- Proven track record in the areas of planning, financial management and operational oversight.
- Thorough knowledge of GAAP and FASB topics as applied to nonprofits and familiarity with nonprofit endowment accounting and management.
- Deep interest in and commitment to philanthropy and the mission and goals of the Foundation. A demonstrated commitment to the Central Massachusetts area, its people and their concerns is preferred.
- High level of financial and analytical skills and an extensive knowledge of financial policies, practices, and nonprofit systems.
- Excellent interpersonal, verbal, listening and written communication skills and problem-solving abilities.
- Highly motivated and self-confident, with the ability to work independently while participating as an effective and collaborative member of interdisciplinary teams.
- Excellent organizational skills and attention to detail. Ability to prioritize, work effectively, adjust to multiple demands and follow tasks through to completion.
- Proficient computer skills; extensive experience with MS Word and Excel. Experience with nonprofit software a plus, including the Foundant platform for foundations.
- Competitive salary and benefits package including medical/dental/vision insurance with generous employer contribution and a 401(k) plan.
- Generous paid time off and paid holidays.
- Be part of a team whose work as a premier charitable organization is contributing every day to the greater good by supporting the critical needs of the community.
- Lead all accounting and financial reporting for the Foundation.
- Oversee the development of the Foundation’s annual budget and monitor performance throughout the fiscal year.
- Lead the Finance Department, providing supervision to the Staff Accountant and Database Manager.
- Provide proactive, creative, cross-functional thinking and ideas to enhance philanthropic services provided to donors and other Foundation constituencies.
- Ensure a timely and accurate disbursement process for ~$10m per year in grants.
- Support the Foundation’s processes for charitable fund creation and acceptance of complex gifts and assets.
- Support the execution of the Foundation’s investment strategy including processes for asset allocation, manager selection and evaluation of investments and investment activities.
- Serve as the primary staff liaison for the Foundation’s investment consultant and managers of the Foundation’s main investment pool, the Socially Responsible Investment pool and other separately managed funds.
- Manage financial and investment transactions to maintain cash flows and rebalance investment portfolios as appropriate in consultation with the Foundation’s investment consultant.
- Support the Foundation’s impact investment strategy by assessing opportunities for non-grant financial transactions that support local nonprofit organizations.
- Oversee the administration of benefits and payroll, including open enrollment.
- Assess Foundation technology needs in coordination with other staff and consultants; identify proposed solutions and manage implementation of selected technology as appropriate.
- Maintain strong working relationships with Foundation colleagues, donors, Board members, community groups, grantees, and organizations within the philanthropic field.
- Serve as primary staff for the Foundation’s Finance/Audit and Investment Committees, while providing staff support to other committees of the Board of Directors as needed; attends all meetings of the Foundation’s Board and its committees.
Established in 1975, the Foundation encourages local philanthropy by supporting the growth of permanent charitable endowments for the betterment of Worcester County communities. The Foundation is a premier charitable foundation in its region with assets of more than $200 million and since its inception has invested more than $160 million in the local community. The Foundation serves as the steward of charitable legacies for individuals, families, and businesses through the administration of more than 600 component charitable funds. It also serves as a civic leader, convener and sponsor of special initiatives designed to strengthen the capacity of local nonprofits and address the region’s pressing challenges, including recent work addressing such issues as fostering the arts and culture ecosystem, affordable housing, food security, early childhood and support for racial equity initiatives. The Foundation models a strong commitment to principles of equity and inclusion, and actively seeks candidates with diverse backgrounds and perspectives.
Greater Worcester Community Foundation is an equal opportunity employer, dedicated to building an inclusive and diverse workforce.
