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Director of Finance, New Profit Inc.
Position: Director of Finance
Functional Area:
Organization: New Profit Inc.
Location: Cambridge, MA
Metro Region:
Overview:
New Profit is a nonprofit venture philanthropy fund that exists to help innovative social entrepreneurs and their organizations bring about widespread and transformative impact on critical social problems. We work to fulfill this mission with two approaches: 1) providing multi-year financial and strategic support to help a portfolio of innovative social entrepreneurs and their organizations realize their full potential for social impact; and 2) helping to build an environment in which all innovative social entrepreneurs and their organizations may realize their full potential for social impact. New Profit believes that just as entrepreneurship and invention have driven our nation’s progress, so too can we harness America’s spirit of innovation, vision, and optimism to help solve our most pressing social problems.
With the support of individual investors and our signature partner, Monitor Group, New Profit works with social entrepreneur-led organizations tackling persistent social problems in education, workforce development, public health, and other areas. In addition, we bring together social innovators from across sectors at the annual Gathering of Leaders, and also drive other initiatives to release the potential of social entrepreneurship. Included among these is America Forward, a nonpartisan initiative that connects social sector innovators and their partners with policymakers, legislators, and thought leaders to advance an infrastructure for innovators and government to act together to scale the impact of proven and promising solutions.
Position:
The Director of Finance is a new position for the organization and will be responsible for the efficient, accurate, and compliant oversight and management of all aspects of New Profit’s financial administration. In addition to managing the organization’s current financial systems, the Director of Finance will be proactive in designing, building, adapting, and managing new systems and processes to meet the evolving needs of a rapidly growing organization and team.
Reporting directly to New Profit’s Chief Operating Officer, the Director of Finance will lead the organization’s annual budgeting process ensuring alignment with organizational priorities and goals, prepare and present expense, revenue, assets, and cash flow reports and analysis to New Profit’s senior management team and Board of Directors, coordinate and oversee organizational audits and preparation of Federal and state filings, and manage the development and ongoing reporting needs of funding grants. The Director of Finance will also be responsible for supporting the organization’s long-term planning and strategy development as it relates to budgeting and modeling.
To achieve these objectives, the Director of Finance will work closely with the operations team and senior members of each department, as well as external stakeholders and vendors, including auditors and bookkeepers.
Responsibilities:
Responsibilities include, but are not limited to:
• Financial systems, processes, and controls
Manage current financial systems and work with all staff to ensure efficient, accurate, and compliant financial administration
Refine financial policies, procedures, and internal management systems as necessary to ensure compliance with GAAP, IRS regulations, and best practices of the field
Proactively anticipate and adapt systems, processes, and controls as the organization’s budget and staff grows
• Budgeting and planning processes
Prepare annual budget that aligns with New Profit’s strategic plan, priorities, and goals with input from department heads and Chief Operating Officer
Support the organization’s long-term planning and strategy development as it relates to budgeting and modeling
Provide ongoing advice and guidance related to financial decisions based on budgeted and forecasted expenses, revenue, assets, and cash flow analysis
• Organizational audit, grant-specific audits, and other grant-reporting requirements
Coordinate and oversee organizational audit and preparation of Federal and state filings
Coordinate and oversee development of all grant budgets, on-going reporting requirements, and grant-specific audits; refine existing grant reporting procedures
• Reporting on expenses, revenue, assets, and cash flow to key stakeholders
Track, monitor, and analyze expenses, revenue, assets, and cash flow against budgets and forecasts Prepare regular and accurate financial statements to effectively communicate the organization’s financial position to a variety of stakeholders
Work closely with the development team to track actual and expected revenue
Review all financial transactions to ensure accuracy and compliance with the organization’s budget, and financial protocols and procedures
Manage and oversee all payroll processes
• External and staff relationship management
Manage and/or oversee relationships with external parties including bookkeepers, accountants, and auditing firms
Manage the performance and ongoing professional development of the Operations Associate
Qualifications:
The ideal candidate for this position will have the following qualifications and characteristics:
• Bachelor’s degree or equivalent in accounting-related field with 5-7 years work experience; Master in Business Administration or CPA certification preferred
• Financial managements software experience (QuickBooks or similar)
• Grants-management experience; federal grants management experience preferred
• Superior detail orientation and organizational skills
• Ability to manage multiple, detailed projects and drive toward deadlines
• Excellent verbal and written communication skills
• Self-starter capable of taking initiative and anticipating needs
• High level of interpersonal maturity, poise, and professionalism
• Unwavering commitment to service and customer orientation
• Collaborative team player who is willing to go above and beyond the job description for the success of New Profit
• Command of Microsoft Office programs, specifically EXCEL and PowerPoint
• Demonstrated commitment to New Profit’s mission, social entrepreneurship, and social change
New Profit is an equal opportunity employer.
To Apply:
Please upload a resume and thoughtful cover letter, outlining how your skills and experience meet the qualifications of the position and stating how you heard about this opportunity, both in Word format and addressed to Kathryn Price, at http://jobs.cgcareers.org/application.aspx?id=1646 Applications will be reviewed on a rolling basis.
