Director of Finance
2 weeks ago
Job Overview
The Director of Finance at DTRF is responsible for leading and managing the financial operations of the organization. This role plays a critical part in ensuring the financial sustainability, accountability, and compliance of the nonprofit. The director works closely with the CEO and President and other stakeholders to provide strategic financial guidance, oversee budgeting and financial reporting, and support the achievement of organizational goals.
Essential Functions:
1. Financial Management:
Develop and implement financial strategies, policies, and procedures to optimize the organization's financial performance.
Oversee the budgeting process, monitor financial performance, and ensure effective resource allocation.
Prepare and analyze financial statements, reports, and forecasts to provide accurate and timely financial information to stakeholders.
Ensure compliance with financial regulations, reporting requirements, and accounting standards.
Manage cash flow, investments, and banking relationships.
2. Strategic Planning and Risk Management:
Contribute to the development of the organization's strategic plans, goals, and objectives from a financial perspective.
Assess financial risks and opportunities, providing recommendations for risk mitigation and growth strategies.
Conduct financial modeling and analysis to support strategic decision-making and long-term financial planning.
Monitor industry trends, economic factors, and financial markets to inform strategic initiatives.
3. Financial Reporting and Governance:
Prepare financial reports and presentations for the CEO/Executive Director, board of directors, and relevant committees.
Present financial information and analysis to stakeholders, providing insights and recommendations.
Collaborate with the CEO, the President and board on financial policies, procedures, and governance matters.
Ensure compliance with legal, regulatory, and fiduciary responsibilities related to financial management.
4. Team Leadership and Collaboration:
Lead and manage the finance and accounting team, providing mentorship, guidance, and professional development opportunities.
Foster a collaborative and high-performance work culture within the finance department.
Collaborate with cross-functional teams, including the executive team and program managers, to align financial strategies with organizational goals.
Build effective relationships with external stakeholders, including auditors, financial institutions, and regulatory authorities.
Physical Requirements:
Ability to work in an office environment.
Occasional travel may be required for meetings or conferences.
Work Environment:
The Director of Finance will primarily work in an office setting.
Occasional evening and weekend work may be required to meet deadlines or attend board meetings or events.
Minimum Qualifications:
B.S degree in business administration, finance, accounting, or a related field.
4-6 years or more experience in a financial management role, preferably in the nonprofit sector.
Strong knowledge of accounting principles, financial analysis, and budgeting.
Demonstrated experience in strategic financial planning and risk management.
Proficiency in financial software and tools.
Excellent analytical, problem-solving, and communication skills.
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