Director of Finance

Overview

TITLE: Director of Finance

 

OVERVIEW: 

Oversees and manages all financial functions including: accounting, payroll, financial operations, property management, professional insurance coverage, legal requirements, donor records, policies and procedures, and supporting software. 

 

REPORTS TO: Chief Executive Officer

 

CLASSIFICATION: Full-time, salaried exempt  

 

SALARY: $70,000-$94,000, commensurate with experience

 

BENEFITS INCLUDE:

• Health, dental, and vision insurance coverage (effective the 1st of the month after hire date).
• Basic life/AD&D insurance (100% employer paid).
• Short-term and long-term disability insurance (100% employer paid).
• Online mental health services (100% employer paid).
• Paid parental leave (100% employer paid).
• Paid personal leave and annual leave (accrued immediately upon hire).
• Paid time off for 11 BGCLK observed holidays.
• Retirement plan (3% employer match for employee contributions to a Boys & Girls Club of America-approved retirement plan).

 

COMMITMENT TO EQUITY:

BGCLK is committed to serving an inclusive population of youth in our communities by employing a diverse staff, maintaining ongoing training and education, and exploring various points of view.  BGCLK’s commitment to celebrating diversity, promoting equity, and increasing cultural aptitude is an active process that requires continuous education and awareness in all aspects of our organization.  We are dedicated to this process in order to enhance the program experience for our members, parents, families, and staff, as well as the community at large. 

 

VALUES:

The core values of BGCLK (i.e., PRIDE) are:

• Positive Role Models
• Respect
• Integrity
• Diversity
• Empathy

 

A BGCLK employee shall exemplify all values specifically by demonstrating behaviors and attitudes that positively inspire others, taking the time to build relationships and developing an appreciation for others, taking pride in every action (even when no one is watching), including and celebrating differences, and identifying with another person’s challenges and offering support.

Responsibilities

ESSENTIAL FUNCTIONS:

Leadership: 

• Oversee payroll process ensuring compliance with all employment laws.
• Coordinate all audit processes demonstrating compliance with General Accounting Principles.
• Partner with Programs and Operations staff to reconcile billing and accounting systems.
• Develop and ensure compliance with organization’s financial management policies.
• Lead staff Liaison to Board of Directors Finance Committee and staff support role for Operations Committee.

Strategic Planning:

• Financial Analysis and Forecasting: Analyzing the organization's financial performance and predicting future financial outcomes. This involves using historical data to forecast future financial scenarios, which is crucial for long-term strategic planning.
• Budget Development and Management: Creating and managing budgets that align with the strategic goals of the organization. This includes ensuring costs are within budget and appropriately expensed to funding sources, as mentioned in the provided job description​​.
• Resource Allocation: In partnership with the CEO, allocate resources effectively to support strategic initiatives. This involves making decisions about where to invest the organization's finances to achieve the best outcomes.
• Risk Management: Identifying and managing financial risks that could impact the organization's strategic goals. This includes analyzing potential risks and developing strategies to mitigate them.
• Financial Reporting and Communication: Providing clear and accurate financial reports to stakeholders, including executive leadership and the board. This is key for informed decision-making in strategic planning.
• Compliance and Control: Ensuring that the organization complies with financial regulations and standards. This includes maintaining control over financial processes to avoid any legal or ethical issues.
• Stakeholder Engagement: Working with various stakeholders, including department heads and Finance Committee members, to align financial strategy with the overall goals of the organization.

Resource Management:

• Manage and track operating expenses and income.  Ensure all costs are within budget and expensed to appropriate sources of funding.
• Develop policies and software-based processes for donor funding documentation and reporting.
• Ensure fiscal compliance of all grant funded programs.

Partnership Development:

• Coordinate and communicate with independent accountants and auditors to ensure transparency and integrity.
• Coordinate with Boys & Girls Clubs of America to ensure membership requirements regarding finance are met.
• Establish and maintain relationships with vendors. 

Additional Responsibilities:

• Maintain all payroll records.
• Train program staff in proper procedures regarding cash receipts, accounts payable, accounts 

receivable, and budgeting as needed or requested.

• Attend Finance Committee meetings in an informative role, as requested.
• Assist Operations team in budget preparation and management, as requested.

 

Supervision:

• Supervise assigned staff and provide leadership to BGCLK finance and accounting-focused positions.
• Oversee proper record keeping and reporting, including activities and events conducted, breakdowns of participation figures, and any Club Member conduct or other issues.

Qualifications

SKILLS/KNOWLEDGE REQUIRED:

• College degree in related area.
• 5+ years in a leadership role.
• Non-profit finance experience preferred.

 

PHYSICAL REQUIREMENTS:

The physical requirements described below are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

• Some lifting, carrying, pushing and/or pulling.
• Some stooping, kneeling, sitting, crouching, and/or crawling.
• Significant finger dexterity.

 

EQUAL EMPLOYMENT OPPORTUNITY:

BGCLK shall seek to ensure and provide equal opportunity for all persons seeking employment without regard to race, age, color, religion, gender, marital status, sexual orientation, military status, national origin, disability, or any other characteristic as established by law.

 

DISCLAIMER:

The information presented indicates the general nature and level of work expected of employees in this classification.  It is not designed to contain, nor to be interpreted as, a comprehensive inventory of all duties, responsibilities, qualifications, and objectives required of employees assigned to this position.