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    Director of Finance - Boston, MA, United States - Foundation List

    Foundation List
    Foundation List Boston, MA, United States

    3 weeks ago

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    Description
    OVERVIEW

    To view the position description in its entirety, please visit:
    America's first trade school, NBSS is a welcoming institution recognized both nationally and
    internationally for learning excellence. Its spacious, 64,000-square-foot facility is located in Boston's
    historic North End neighborhood, the community in which it was originally founded 140 years ago.
    Today, the school continues to bridge opportunity and demand by training the next generation of
    traditional tradespeople using time-honored methods and skills while also creating rewarding, life-long
    careers. NBSS offers a range of accredited and non-accredited courses including professional career
    training programs, skill-building classes and experiences, public programs, exhibitions, community
    partnerships, and more.

    NBSS recognizes that its success has been built on the strength of its faculty and staff: committed
    professionals achieving great results in teaching, student support, administration, and fundraising. A
    vital opportunity to support their efforts has emerged as the School looks to meaningfully invest in its
    people and bolster its systems. The new Director of Finance (Director) will be responsible for building
    up the infrastructure necessary to promote a thriving, highly engaged, and productive environment at
    NBSS, reinforce collaboration and integration, and ensure that the School's resources make it
    possible for faculty, staff and students to do their best work.

    Reporting to the Senior Director of People and Operations, the Director will oversee finance,
    accounting, and reporting activities for an $8M budget as well as reporting on its $29M endowment.
    They will serve as the senior advisor and partner to the President, Provost, and Board of Directors in
    all financial activity including annual planning and budgeting; and ensure that NBSS has the systems
    and workflows in place to support outstanding program implementation and mission attainment.

    The Director will also be charged with identifying new opportunities to improve efficiencies and
    respond proactively to department needs. This includes partnering with the Development team as
    they report out to corporate and foundation funders, and with the Provost's office particularly during
    financial aid cycles each semester to ensure that payments and reimbursements are administered
    properly and efficiently. They will need to analyze the existing processes to ensure compliance and
    mitigate risk, work closely with senior administrators to streamline financial operations, leverage new
    information technology, and establish standard processes that provide maximum benefit to all parties
    involved, including students.

    NBSS seeks a seasoned professional with creativity, enthusiasm, self-motivation and energy. They
    should be able to quickly contribute in a meaningful way as a highly effective and engaged partner to
    senior leadership; use the utmost discretion in all presentations, correspondence, and communication
    with staff, faculty, Board of Directors, and President; and be able to thrive in a small team
    environment, where members "roll up their sleeves", to deliver practical internal support to
    colleagues and students.

    The desired candidate will bring finance and accounting experience in a mission-driven, growth
    environment along with a quick-thinking, flexible, and inclusive approach that appreciates the need for
    consensus while driving progress against stated goals. They will embody systems thinking, able to
    shift between strategy and execution - translating ideas to tactics that affect targeted outcomes. They
    must also bring the cultural fluency, kindness, customer-service orientation, and authenticity
    necessary to represent the institution and serve as a key liaison to its audiences.

    RESPONSIBILITIES FINANCE MANAGEMENT ● Manage all aspects of finance and accounting: financial statements, general ledger, cost
    accounting, AP/AR, invoices, budgeting, tax compliance, inventory accounting, and revenue
    recognition.

    • Comply with all local, state, and federal laws regarding finances, tax filings, and reporting.
    • Maintain internal controls and safeguards for receipt of revenue, costs, and program budgets
    and actual expenditures.

    • Build and maintain a documented system of finance, accounting, and administrative policies to
    support program operations.

    • Prepare quarterly/annual financial reports and manage fiscally responsible quarterly/annual
    budgets and forecasts.

    • Advise on financial analyses and strategic decision-making regarding forecasting, contract
    negotiations, significant costs, benchmarks, and similar strategic matters.

    • Consistently analyze financial data and present financial reports in an accurate and timely
    manner; clearly communicate monthly, quarterly, and annual financial statements.

    • Define, benchmark, and implement financial best practices.
    • Monitor progress and changes and keep senior leadership informed of NBSS financial status.
    • Partner with the Senior Director to staff the Audit Committee.
    • Prepare and organize financial statements for record and review and coordinate all audit
    activity including the annual 990 process.

    • Ensure compliance and reporting for grants, collaborating with the Director of Development
    and supporting program audits and grant writing activities.

    • Manage organizational cash flow, forecasting by working in partnership with the administrative
    and program directors.

    • Manage and track the performance of invested assets in keeping with policies and investment
    guidelines.

    • Stay informed about changes in accounting standards for nonprofit organizations.
    FINANCIAL AID ● Manage all full-time student accounts, collections, including payment plans and disbursement
    of financial aid, with support from the Academic Administrator.

    • Reconcile Title IV disbursements to student accounts with COD data from the Financial Aid
    Office on a monthly basis.

    • Manage Federal G6 system as the primary user and ensure Federal Funds bank account is
    segregated for G6 cash drawdowns only, including return of Title IV funds.

    • Interface with counselors at the Department of Veterans Affairs to arrange receipt of veteran
    education benefits to appropriate student accounts.

    • Manage refunds of payments to third party payers, including the VA and private lenders, and
    scholarship provided in accordance with NBSS and organization refund policies.

    DESIRED QUALIFICATIONS ● 5+ years of progressively responsible finance and/or accounting experience in an educational
    setting or nonprofit with a similar finance structure.

    • Exceptional knowledge of finance, accounting, budgeting, cost accounting and cost control
    principles, internal controls, and GAAP.

    • Prior work with federal funding and reporting, or the willingness to learn and develop a skillset
    in Federal Student cycle and compliance and reporting requirements, specifically in the areas
    of Title IV cash management and disbursement.

    Analytical ability to develop and implement improvements or recommendations including
    experience implementing automated accounting systems.

    • Detail-oriented with excellent project management skills, including the ability to handle
    multiple tasks and deadlines.

    • Lives the principles of diversity, equity, and inclusion with the ability to express these through
    day-to-day work.

    • Ability to build sincere relationships with a variety of internal partners with whom no direct line
    supervision exists, as well as external individuals from board members to volunteers.

    • Impeccable discretion in handling all matters of confidentiality.
    • Bachelor's degree in finance, accounting, or business administration, or equivalent business
    experience. CPA or CMA is helpful.

    • Experience with QuickBooks, Raiser's Edge, and Blackbaud is helpful.
    • Gravitas paired with kindness and professional integrity to effectively represent and promote
    NBSS externally at the highest levels.

    • An appreciation for trade and craft and an understanding of the unique nature and mission of
    North Bennet Street School. #J-18808-Ljbffr
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