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Director of Finance and Administration - Washington, United States - Black Economic Alliance
3 weeks ago
Description
Job DescriptionJob Description
Salary Range :
$150,000 - $170,000, dependent on experience.
Location :
Preference for NYC or Washington, DC.
About the Black Economic Alliance
The Black Economic Alliance (BEA) is a nonpartisan coalition of business leaders and aligned advocates committed to growing Black political and economic power.
Whether by helping elect and hold leaders accountable, carrying out research to support and develop data-driven solutions, or catalyzing programs to move those ideas into action, BEA ensures Black work, wages and wealth are a focal point of decision-making in Washington, on Wall Street, in state houses across the country, and in the boardrooms of America's leading companies and philanthropies.
In just five years, BEA has grown into a formal alliance of Black business leaders and aligned allies supporting a well-established collection of entities - including the BEA 501(c)(3) charitable Foundation, the BEA Political Action Committee (PAC), the BEA 501(c)(4) social welfare organization, and the BEA Entrepreneurs Fund.
BEA is hiring its first
Director of Finance and Administration .
This role will lead the financial management and administration of BEA, and its related entities, BEA Foundation, BEA PAC, and BEA Ventures.
The Director of Finance and Administration will build and oversee effective and streamlined business operations for finance, accounting, planning, grants management, information technology, human resources, and compliance.
As a member of the senior management team, the Director of Finance and Administration will report to the CEO and work closely with the Board of Directors.
They will participate actively in organization-level planning and decision-making. This is a very hands-on position that requires non-profit accounting experience.
The Director of Finance and Administration will manage and coordinate with key vendors, including BEA's outsourced accountants, compliance firm, legal team, and auditors.
The salary range for this role is $150,000 - $170,000, dependent on experience.
Responsibilities include but are not limited to :
Financial Management & Compliance
Supports CEO and Finance Committee of the Board in managing financial strategy and risk; collaborates on treasury management and managing investments in partnership with investment advisors
Prepares financial analysis and reports for the Finance Committee and Board for quarterly Board meetings
Leads the annual budgeting process for all entities in collaboration with the CEO and staff, and facilitates a quarterly budget reforecasting process
Maintains rolling cash flow projections by entity and monitors liquidity needs across entities
Oversees outsourced accountants; ensures that financial reporting is accurate and reflects GAAP; works with accountants and staff to ensure books are closed monthly
Reviews organization and program budget vs. actual results monthly and discusses variances with staff and other stakeholders
Reviews and approves expenses and timesheets, ensuring coding is accurate
Manages PEO and payroll function in collaboration with Operations Manager; approves payroll run
Ensures compliance with funder requirements and prepares financial reports and budgets for funders
In partnership with outsourced accountants, monitors restricted grant spend down, assigns expenses to grants, and maintains restricted net asset schedule
Formulates and recommends sound fiscal policies, systems, procedures, tools, and controls, including a Fiscal Procedures Manual. Oversees the development of and adherence to internal control policies
Leads the audit process in collaboration with outsourced accountants
Supports CEO in managing compliance requirements for all entities with outside counsel, compliance firm, and accountants (e.g., FEC filings, tax and 990 filings, monitoring and tracking political/lobbying activity, cost-sharing, etc.)
Maintain and monitor compliance calendar for all entities with filing and other deadlines
Oversees relationships with vendors and banks; manages organization insurance coverage
Manages the Accounts Payable function, including processing, monitoring and administering of all consultant contracts
Establishes a cash management system, and an efficient credit card and expense report processing system
Administration
Coordinates with the CEO and key vendors, including outside counsel, recruiters, and PEO, on effective delivery of needed human resources function (e.g., compensation and benefits, employee lifecycle, and employee relations)
Assesses, develops and directs IT operations needs including but not limited to vendor selection, implementing and maintaining hardware and software systems
Supervises and mentors Operations Manager
Qualifications
Bachelor's degree in related field required; MBA or CPA, a plus
Minimum 7-10 years of relevant, progressive work experience, in a nonprofit setting
Experience in a multi-entity organization, preferably with 501(c)4 or PAC entities
Strong knowledge of GAAP as applied to nonprofit accounting
Demonstrated experience in financial management and accounting, including experience in audit, compliance, contracts, and budget
Experience overseeing human resources and IT, preferred
Desired Competencies
Excellent communication and relationship building skills with an ability to prioritize, negotiate, and work with a variety of internal and external stakeholders
Strong judgment, analytic reasoning, critical thinking, and written and oral communication skills
Ability to translate financial concepts to and effectively collaborate with colleagues who do not necessarily have finance backgrounds
Ability to develop and implement organizational systems and processes
Ability to thrive in a fast-paced, small team environment and in a hands-on position
Benefits
Benefits include PTO, Holiday Pay, Medical, Dental, Vision, Flexible Spending Account, Group Life and AD&D Insurance, Short and Long Term Disability Insurance, and ability to participate in Retirement Plan.
Black Economic Alliance is committed to further building and maintaining a staff that reflects the full range of communities we serve and is an equal opportunity employer.
We value a diverse workforce and an inclusive culture.Black Economic Alliance encourages applications from all qualified individuals without regard to race, color, religion, gender, sexual orientation, gender identity or expression, age, national origin, marital status, citizenship or immigration status, disability, veteran status, record of arrest or conviction, or any other characteristic protected by applicable law.
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