Finance Director

Adecco is recruiting for an executive level Finance Director opportunity in Duluth, MN. This is a Direct Hire with a local organization. Responsibilities include

 fund administration and donor service responsibilities, ensuring the accurate and timely accounting of finances and investments, and provides fiscal leadership in support of the organizations growing endowment, investments, audit, and expanding grant-making activities. If you meet the qualifications listed, Apply Now!p>

Duties of a Finance Director include:

  • -Leadership – Works closely with colleagues in developing and implementing organization-wide, strategic, financial and operating goals; proactively identifies potential crisis issues or situations and assists in developing strategies to manage those issues; adheres to code of ethical behavior and practice for functional area and maintains confidentiality of sensitive information. li>

  • -Investments – Provide staff support for the Investment Committee. Serve as the liaison to and work closely with the Foundation’s investment managers and/or consultants to monitor investment performance; prepares monthly investment Flash Reports; manage the short term cash flow needs of the investment portfolio; conduct transfers and sales of donated stocks and relay the information to investment managers of investment transactions that must be performed based on the guidance of the Investment Committee and/or consultant in accordance with the Investment Policy; coordinate and facilitate the Investment Committee’s efforts to formulate and implement investment policies, asset allocation strategies, and investment manager/consultant hiring and evaluations. Serve as staff liaison to the Investment Committee and proactively work to address investment performance concerns as appropriate.
  • -Budgets – Work with leadership and other staff to project and prepare the annual operating budget for recommendation to the President and COO. Work with other team members to develop and monitor specific event, program, and initiative budgets, including geographic affiliate, initiatives, grant-making and scholarship budgets.
  • -Accounting Policies and Procedures – Implement the fiscal policies and procedures as endorsed by the Board of Trustees and advise leadership of needed changes in such policies. Implement and monitor all internal control activities of the organization. Remain up-to-date with current developments in accounting standards.
  • -Audit – Coordinate the annual audit and preparation of all tax and regulatory agency filings. Serve as liaison to the auditor by preparing all required financial records and letters for the audit. Provide staff support to Audit Committee.
  • -Contact Duties – Serve as the principal contact for financial-related inquiries from fund holders, donors, grantees, outside audit firms, vendors, investment managers, and any requests regarding the public disclosure act for 990’s and Audited Financial Statements.
  • -Financial Reporting – Review and reconcile information on statements from financial institutions. Prepare monthly and quarterly financial statements and summary financial information and other necessary and requested financial reports for the President/COO, committees, and Board. Inform the President and COO of any cost savings ideas, revenue generating issues or budget variance items.
  • -Fund Management – Insure that all funds held by the organization are accounted for in the proper manner according to IRS regulations, FASB and other generally accepted accounting principles, by accurately posting revenues and expenses on a regular basis; preparing the “amount available to grant (spend)” on regular basis, in accordance with the Spending Policy; processing fund statements; overseeing processing changes for all funds; monitoring for compliance the processing of all gifts and grants to or from new and existing donors; and reporting all fund information as needed or requested. Supports other staff in the payment and administration of charitable grants from the organization; oversees the processing of investments.
  • -General Accounting – Insure accuracy of all transactions by preparing monthly account reconciliations for the bank and investment accounts; calculating monthly transfers between the cash and investment accounts; issuing administrative and grant checks on a bi-monthly basis; maintaining the balance sheet by preparing monthly reconciliations of general ledger accounts, and properly recording revenue and expense items.
  • -Human Resources – Serve as the human resources professional by maintaining employee files; coordinates functions including enrollment of new employees, monitoring of employee benefits and evaluating and recommending those plans which provide cost benefits and best value to both the organization and the employees; provides oversight of payroll processing, bi-monthly payroll reconciliation and 401K journal entries; assists in facilitation of the new-hire process, coordinating insurance, including, but not limited to, liability, equipment and property lease and rental, etc.
  • -Planned Gifts – Serve as the primary contact for administrators of the Charitable Remainder and Lead Trusts. Record and monitor planned gifts of life insurance and bequests. Supports other staff in processing charitable fits.
  • -Operations – Improve the fiscal-related operational systems, processes and policies in support of Foundation’s mission; ensure best IT practices are utilized; develop internal processes and controls as needed; coordinate creation of budgets with appropriate staff; create budgets and timelines for projects related to financial management and manage work flow internal to the department to ensure smooth operations and prevent deviations from accounting standards. Supervise, assign, plan and review work of the other staff as necessary; develop, implement, evaluate and maintain financial policies and standards to insure strong internal controls; adherence to applicable

  • Qualifications:

  • -Bachelor’s degree in finance or accounting or a degree with equivalent experience. Minimum of five years of senior level fund accounting experience. CPA preferred. Institutional investment management experience required.
  • -Knowledge of GAAP and FASB standards and IRS regulations as they apply to nonprofit agencies.
  • -Knowledge of the nonprofit sector, foundations, and investment management
  • -Understanding of investment instruments, investment performance, asset allocation and investment strategies for endowment funds li>

  • -Proven track record of exhibiting sound judgment with the highest ethical standards li>

  • -Capable of managing all aspects of finance and administration and maintaining effective relationships with financial institutions li>

  • -Proven knowledge of accounting and financial systems li>

  • -Self-starter, ability to work with minimal supervision li>

  • -Experience in working with a high profile community leaders, Board and its committees, as well as donors, etc. to nonprofit organizations li>

  • -Well-organized, self-disciplined, decisive with an ability to balance the “big picture, long-term view” with a hands on, day-to-day focus li>

  • -Accomplish goals on time with minimal stress and the appropriate expenditure of physical and financial resources li>

  • -Experience with and competency with the Microsoft Office Suite as well as the ability to comprehend and use software packages and various investment management software packagesli>

  • -Knowledgeable of human resources a plus li>

    This is a Full Time exempt position offering an excellent benefit package. Compensation will be based on skill and experience level.

    Click on Apply Now to be considered for this Finance Director job in Duluth, MN, or you can visit our website to search for other opportunities that are currently available.

    Equal Opportunity Employer Minorities/Women/Veterans/Disabled

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    Reference number US_EN_99_020956_356157