Director of Finance

3 days ago

Los Angeles CA United States California Job Shop Full time

Job Title: Director of Finance


About the Role: The Director of Finance is responsible for the financial management of the company and drives financial strategy and planning, including maintenance of accounting records, day-to-day oversight of the Accounting Department, ensuring a comprehensive set of controls, annual planning/budgeting, production of periodic internal and external financial reports (e.g., annual GAAP-compliant audited financial statements, non-profit tax returns), and supporting the Board of Directors in financial matters.


Responsibilities

  • Assessing the financial performance of the organization.
  • Oversee all financial aspects of operation, including accounting, controls, and planning/budgeting.
  • Accounting
  • Ensures that accounting records are properly maintained.
  • Day-to-day oversight of the Accounting Department with functional responsibility for billing, accounts payable, receivables, payroll, banking transactions, and grants administration.
  • Sets targets for and supervises, trains, mentors, and evaluates accounting/finance staff.
  • Performs month-end and year-end accounting closings, adjustments, reconciliations, and analysis.

Procedures and Controls

  • Maintains and ensures adherence to a documented set of accounting policies and procedures.
  • Oversees and updates as needed the administration of processes and internal controls designed to protect assets and mitigate risk.
  • Substantiates that documentation is approved and available such that all purchases may pass independent and governmental audits.

Internal and External Financial Reporting

  • Generates monthly internal financial reports (Income Statement, Balance Sheet, Statement of Cash Flows and Budget Variance) and ensures the reported results comply with generally accepted accounting principles (GAAP) and adhere to grant management standards.
  • Prepares ad hoc reports, as needed.
  • Oversees year-end audits and ensures timely preparation of GAAP-compliant audited financial statements.
  • Oversees and ensures timely filing of tax returns and compliance to other federal/state requirements.

Financial Planning and Analysis

  • Develops financial strategies for sustainability and program expansion.
  • Implements and improves organization’s annual 3-year planning/budgeting process.
  • Collaborates and supports Program Director/Managers to maximize department efficiency and effectiveness.
  • Run treasury activities, including cash management, debt management, and financial covenant compliance.
  • Board of Directors - Prepare materials for and present them at Board, Board Committee, and Board member meetings to support financial matters, such as annual budget and audit approvals, variance report presentations, etc.
  • Provides financial analyses as needed for capital investments, pricing decisions, contract negotiations, etc.

Qualifications

  • Bachelor's or Master’s degree in Accounting, Finance, or Business Administration, or equivalent business experience in the non-profit sector.
  • 15+ years of progressively responsible experience, including successful supervisory responsibility, preferably nonprofit organizations with annual revenues of $15 million to $100 million.
  • Knowledge of not-for-profit accounting in accordance with U.S. Generally Accepted Accounting Principles.
  • Knowledge of accounting packages required.
  • Experience with Microsoft 365, including advanced knowledge of EXCEL required.


Preferred Skills

  • Certified Public Accountant designation preferred.
  • Experience interfacing with individual donors and foundations preferred.
  • Non-profit real estate construction accounting experience preferred.
  • Donor customer relationship management software preferred.


Pay range and compensation package

$160,000 to $180,0000, plus benefits

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