Managing Director, Finance with LEAP Leadership, Education, and Athletics in Partnership - New Haven, United States - Nonprofit HR

Description

Job Description

Job DescriptionManaging Director, Finance with LEAP Leadership, Education, and Athletics in Partnership
(On-Site Role)
About Us:
LEAP is an academic and social enrichment program for children and youth in New Haven. The LEAP mission is to develop the strengths and talents of young leaders who create and implement year-round, community-based programming designed to achieve positive academic and social outcomes for children living in high-poverty urban neighborhoods. LEAP was founded in 1992 by a group of New Haven educators, students, social workers, and community activists who shared a collective outrage at the profound level of poverty in Connecticut versus its incredible wealth. These visionaries instinctively recognized the value of education and of sustained, wholesome attachments in empowering young people; thus, they committed themselves to action on behalf of children, teens, young adults, and their families.

Position Overview:
As a central figure in the senior management team, the Managing Director, Finance plays a pivotal role in steering LEAP towards its strategic objectives by overseeing its financial and administrative realms. This individual reports directly to the Executive Director and is instrumental in crafting, executing, and managing comprehensive financial strategies that align with LEAP's mission of fostering youth development and social change.

This multifaceted position demands a dynamic blend of expertise in finance administration, underpinned by a strong foundation in strategic planning and leadership. The ideal candidate will exhibit a proactive approach, capable of navigating the complexities of nonprofit financial management, from budgeting and accounting to financial reporting and compliance. Equally important is a commitment to cultivating an environment that encourages professional growth and operational efficiency within the finance department, as well as leading the finance department to effectively partner with other departments.
In essence, the role calls for a leader who not only ensures the organization's financial health but also champions its administrative functions, laying the groundwork for LEAP's continued success and impact in the community.
Responsibilities:

• Financial Strategy and Leadership: Lead the development and execution of comprehensive financial strategies, ensuring alignment with LEAP's mission and goals. Drive strategic financial planning, including budgeting, forecasting, and financial modeling to support organizational growth and stability.
• Financial Operations Management: Oversee daily financial operations, including accounting, payroll, accounts payable and receivable, and financial reporting. Ensure accuracy, compliance, and timely execution of all financial functions.
• External Financial Relationships: Manage and oversee relationships with significant financial partners, including the organization's banking and financial relationships, operating and health insurance providers, investment organizations providing short-term, cash investment as well as longer-term endowment and related investments.
• Cost Optimization and Contract Management: Lead the annual review and negotiation of key contracts, such as insurance, leases, and vendor agreements, aiming to reduce costs and ensure favorable terms. Utilize market analysis, benchmarking, and negotiation skills to achieve cost efficiency and support LEAP's financial health.
• Internal Controls and Compliance: Implement and maintain robust internal controls to manage financial risk. Ensure compliance with federal, state, and local legal and regulatory requirements, and oversee the preparation and filing of all financial documents and reports.
• Budget Development and Monitoring: Collaborate with the Executive Director and department heads to formulate annual budgets. Monitor financial performance against budgets, providing insights and recommendations to optimize financial health and organizational performance.
• Audit and Financial Reporting: Coordinate and lead the annual audit process. Prepare and present accurate and timely financial reports to the Board of Directors, Finance Committee, and external stakeholder .
• Team Leadership and Development: Foster a culture of excellence, accountability, and continuous improvement within the finance and administration teams. Mentor and develop staff, promoting professional growth and operational efficiency.
• Grant Management and Reporting: Oversee the financial reporting for grants. Prepare financial reports for restricted funding sources, ensuring accurate timely submissions in compliance with grantor guidelines and requirements. Provide expenditure reports compliant with Federal and State contract/grant budgeting/reporting procedures and requirements.
• Strategic Collaboration: Serve as a key member of the senior management team, contributing to organizational strategy and policy development. Collaborate with other departments to support LEAP's mission and enhance program effectiveness.
• Technology and Systems Improvement: Evaluate and enhance financial and administrative systems, processes, and technologies to increase efficiency and support organizational scaling. Lead initiatives to streamline operations and improve financial data accuracy and accessibility.
• Stakeholder Engagement: Build and maintain strong relationships with internal and external stakeholders, including board members, department heads, and partners who share grant funding with LEAP. Communicate financial strategies and outcomes, ensuring transparency and trust.

Qualifications:

• Advanced Degree in Finance or Accounting: Bachelor's degree required, with a preference for candidates holding an advanced degree in finance, accounting, or a related field. Strong organizational, planning, communication and interpersonal skills are necessary.
• Extensive Nonprofit Financial Experience: Demonstrated extensive experience in financial management within the nonprofit sector, including expertise in nonprofit accounting, budgeting, financial planning, and grant management.
• Strategic Financial Planning: Proven ability in strategic financial planning and analysis, with a track record of developing financial strategies that have successfully supported organizational growth and mission achievement.
• Leadership and Team Development: Strong leadership skills with experience in managing finance and administration teams, fostering a culture of excellence, accountability, and continuous improvement. Demonstrated ability to mentor and develop staff.
• Operational Efficiency and Process Improvement: Exceptional ability to assess and enhance financial and administrative systems, processes, and technologies to increase efficiency, reduce costs, and support organizational scaling.
• Regulatory Compliance and Risk Management: In-depth knowledge of regulatory compliance requirements for nonprofits and experience in risk management, with a track record of maintaining strong internal controls and managing financial audits.
• Collaborative and Influential Communicator: Excellent communication and interpersonal skills, with the ability to engage and influence at all levels of the organization and with external stakeholders. Strong ability to present financial information clearly and persuasively.
• Commitment to Mission: Strong alignment with LEAP's mission and values, with a genuine passion for advancing the development and empowerment of young people and fostering social change. Impact and Mission driven.
• Cultural Competency: Ability to work effectively in a diverse, inclusive environment, demonstrating an understanding of the cultural and social foundations that influence the communities LEAP serves.
• Adaptability and Innovation: High degree of adaptability and flexibility in a fast-paced, dynamic environment. A proactive and innovative approach to problem-solving and strategic thinking.

Compensation: $125,000-$130,000 depending on experience and qualifications. Offering generous and comprehensive benefits.

EOE Statement: LEAP provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

---

Our Commitment to Diversity, Equity, Inclusion & Belonging

Nonprofit HR is committed to fostering and maintaining a work environment where diversity, equity, and inclusion (DEI) are fully integrated into everything we do for the benefit of our employees and the clients that we serve. To fully realize our goal, we prioritize our understanding of the complexities of DEI within our workforce to inform our approach to talent management. We believe that this guides how we do our work, advise our clients to operationalize DEI and position our content and educational opportunities help strengthen the talent management capacity of the social impact sector.

Continue reading our about our commitment at

Powered by JazzHR

K8yh4aXWct