Council of Michigan Foundations
Grand Rapids Community Foundation in making positive, sustainable change. With its endowment, the Community Foundation supports local nonprofits, leads significant social change and helps donors achieve their philanthropic goals. Guided by our North Star, we believe for West Michigan to grow and prosper, we must ensure that everyone can apply their talents and creativity to fuel our future. By connecting across perspectives and overcoming inequities, we can build and sustain an inclusive economy and thriving community.
Position Description The Finance Director has a critical role in the daily managementof accountingand investmentactivities,budgets, financial reporting and regulatory compliance and filings for the Community Foundation. Along with the Vice President and CFO, they will work closely with senior leadership and the Audit and Investment Committees to ensure members are up to date on the activities of the organization. The Finance Director will work cross departmentally for the purpose of preparing and sharing financial information for grant making and on donor gifts/pledges.
The Finance Director will maintain a strong knowledge of current regulations, strategies and metrics within the Community Foundation and financial sectors to ensure the organization’s financial health and stability so that the Community Foundation can accomplish its long-term goals and priorities.
The Finance Director will have an extraordinary understandingand commitment to the Community Foundation’s mission and NorthStar. They will have extensive experience working effectively with individuals from various cultural, social, and ethnic backgrounds. They will have a demonstrated ability and commitment to foster collaborative settings, effectively communicate around sensitive issues, possess cultural awareness, and be an active listener.
Responsibilities ESSENTIAL DUTIES AND RESPONSIBILITIES The essential functions include, but are not limited to the following:
Manage all accounting, financial reporting and internal control processes,including accountsreceivable,accountspayable,generalledger,fundmanagement, annual audit, taxfilings and accounting software.
Ensure all financial activities and reporting are in compliance with FASB and other accounting regulations, while incorporating best practices.
Prepare and occasionally present quarterly and annual financial statements and reports for leadership, committees and Board of Directors.
Oversee and approve the monthly reconciliation of cash and investment accounts, including allocating earnings to funds.
Calculate and allocate quarterly administrative fees on fund accounts.
Assist the VP & CFO in the annual audit process and reporting and preparation of IRS Form 990. Includes attending Audit Committee meetings, ensure members have meeting materials and record minutes.
Responsible for the creation and monitoring of the annual budget, work with leadership to develop departmental, granting, operating and organization-wide budgets. Provide regular budget-to-actual analysis and reporting to departments and leadership.
Manage and report on cash flow and forecasting to ensure organizational liquidity and stability.
Calculate spending rate for endowment funds and income available to spend.
Ensure accuracy offund statement templates.
Set up new funds in akoyaGO (CRM software) ensuring appropriatecoding.
Prepare quarterly dashboardreports.
Investment Management
Assist the Vice President and CFO in the management of the organization’s investment managers, custodian and funds.
Attend Investment Review Committee meetings, ensure members have meeting materials and record minutes.
Oversee investment cash calland distribution requests.
Function as contact for banks, investment custodian, investment consultant, and investment managers.
Strategy and Leadership
Maintain solicitation license in appropriate states and other compliance filings.
Collaborate with Development Department staff on gifts, pledges and forecasting for prospective funds.
Provide financial and operational information as required to Vice President & CFO and other senior leadership team members.
Monitor the Functional Time reporting process and responses.
Promote an inclusive and belonging environment that fosters open communication, feedback, trust, and teamwork.
Special Projects
Prepare financial statements &forecasts for grant applications.
Complete relevant survey requests.
Activitybased cost study and benchmarking (approximately every3-4years).
LEANprocesses.
Share Community Foundation financial information for team membereducationanddevelopment opportunities.
Community Activities/Community Resource (including state/national FAOG work).
With Strategic Communications, ensurepublicationsaccuratelyreflect Community Foundationfinancialpoliciesanddata– includes annual report, newsletters, brochuresandwebsite.
Qualifications
Ability to establish and maintain authentic, trusting and inclusive relationships with a diverse network of individual, nonprofit and community partners in a culturally competent manner.
Exceptional written, verbal, analytical and interpersonal skills. Able to translate financial terms for non-financial audiences.
Highly motivated self-starter with strong organizational skills and the ability to perform and prioritize multiple tasks with attention to detail.
Ability to analyze and streamline processes along with a strong commitment to excellence and continuously improving techniques.
Experience and knowledge of the nonprofit sector, foundations, and investment management
High level of personal and professional integrityand ethics, ability to manage confidential information with discretion.
Ability to work independently and collaboratively, prioritize, schedule and produce work in a timely manner.
Advanced experience with MS Office, databases, accounting programs, spreadsheetsand data extraction. Experience with akoyaGO a plus.
EDUCATION and EXPERIENCE
Bachelor’s degree required in the area of finance, accounting or business administration, CPA certification a plus.
Minimum of 5 years, fund accounting experience with knowledge of the nonprofit sector, foundations, and investment management.
Deep understanding of financial regulations, reporting standards, and corporate governance.
Grand Rapids Community Foundation is an equal opportunity employer and does not discriminate against any employee or applicant for employment based on race, color, religion, national origin, age, gender, sex, ancestry, citizenship status, mental or physical disability, genetic information, sexual orientation, veteran status, or military status.
OUR COMMITMENT Grand Rapids Community Foundation is to hiring and retaining a diverse workforce. We support and comply with applicable state and federal laws prohibiting discrimination in the workplace.
Grand Rapids Community Foundation strives to actively demonstrate our commitment to diversity, equity, and inclusion and the pursuit of racial, social and economic justice in all aspects of our organizational culture and operations, internally and externally. It is the expectation that our team members, committees and Board of Trustees share this commitment and continuously work to deepen their understanding in these areas.
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Position Description The Finance Director has a critical role in the daily managementof accountingand investmentactivities,budgets, financial reporting and regulatory compliance and filings for the Community Foundation. Along with the Vice President and CFO, they will work closely with senior leadership and the Audit and Investment Committees to ensure members are up to date on the activities of the organization. The Finance Director will work cross departmentally for the purpose of preparing and sharing financial information for grant making and on donor gifts/pledges.
The Finance Director will maintain a strong knowledge of current regulations, strategies and metrics within the Community Foundation and financial sectors to ensure the organization’s financial health and stability so that the Community Foundation can accomplish its long-term goals and priorities.
The Finance Director will have an extraordinary understandingand commitment to the Community Foundation’s mission and NorthStar. They will have extensive experience working effectively with individuals from various cultural, social, and ethnic backgrounds. They will have a demonstrated ability and commitment to foster collaborative settings, effectively communicate around sensitive issues, possess cultural awareness, and be an active listener.
Responsibilities ESSENTIAL DUTIES AND RESPONSIBILITIES The essential functions include, but are not limited to the following:
Manage all accounting, financial reporting and internal control processes,including accountsreceivable,accountspayable,generalledger,fundmanagement, annual audit, taxfilings and accounting software.
Ensure all financial activities and reporting are in compliance with FASB and other accounting regulations, while incorporating best practices.
Prepare and occasionally present quarterly and annual financial statements and reports for leadership, committees and Board of Directors.
Oversee and approve the monthly reconciliation of cash and investment accounts, including allocating earnings to funds.
Calculate and allocate quarterly administrative fees on fund accounts.
Assist the VP & CFO in the annual audit process and reporting and preparation of IRS Form 990. Includes attending Audit Committee meetings, ensure members have meeting materials and record minutes.
Responsible for the creation and monitoring of the annual budget, work with leadership to develop departmental, granting, operating and organization-wide budgets. Provide regular budget-to-actual analysis and reporting to departments and leadership.
Manage and report on cash flow and forecasting to ensure organizational liquidity and stability.
Calculate spending rate for endowment funds and income available to spend.
Ensure accuracy offund statement templates.
Set up new funds in akoyaGO (CRM software) ensuring appropriatecoding.
Prepare quarterly dashboardreports.
Investment Management
Assist the Vice President and CFO in the management of the organization’s investment managers, custodian and funds.
Attend Investment Review Committee meetings, ensure members have meeting materials and record minutes.
Oversee investment cash calland distribution requests.
Function as contact for banks, investment custodian, investment consultant, and investment managers.
Strategy and Leadership
Maintain solicitation license in appropriate states and other compliance filings.
Collaborate with Development Department staff on gifts, pledges and forecasting for prospective funds.
Provide financial and operational information as required to Vice President & CFO and other senior leadership team members.
Monitor the Functional Time reporting process and responses.
Promote an inclusive and belonging environment that fosters open communication, feedback, trust, and teamwork.
Special Projects
Prepare financial statements &forecasts for grant applications.
Complete relevant survey requests.
Activitybased cost study and benchmarking (approximately every3-4years).
LEANprocesses.
Share Community Foundation financial information for team membereducationanddevelopment opportunities.
Community Activities/Community Resource (including state/national FAOG work).
With Strategic Communications, ensurepublicationsaccuratelyreflect Community Foundationfinancialpoliciesanddata– includes annual report, newsletters, brochuresandwebsite.
Qualifications
Ability to establish and maintain authentic, trusting and inclusive relationships with a diverse network of individual, nonprofit and community partners in a culturally competent manner.
Exceptional written, verbal, analytical and interpersonal skills. Able to translate financial terms for non-financial audiences.
Highly motivated self-starter with strong organizational skills and the ability to perform and prioritize multiple tasks with attention to detail.
Ability to analyze and streamline processes along with a strong commitment to excellence and continuously improving techniques.
Experience and knowledge of the nonprofit sector, foundations, and investment management
High level of personal and professional integrityand ethics, ability to manage confidential information with discretion.
Ability to work independently and collaboratively, prioritize, schedule and produce work in a timely manner.
Advanced experience with MS Office, databases, accounting programs, spreadsheetsand data extraction. Experience with akoyaGO a plus.
EDUCATION and EXPERIENCE
Bachelor’s degree required in the area of finance, accounting or business administration, CPA certification a plus.
Minimum of 5 years, fund accounting experience with knowledge of the nonprofit sector, foundations, and investment management.
Deep understanding of financial regulations, reporting standards, and corporate governance.
Grand Rapids Community Foundation is an equal opportunity employer and does not discriminate against any employee or applicant for employment based on race, color, religion, national origin, age, gender, sex, ancestry, citizenship status, mental or physical disability, genetic information, sexual orientation, veteran status, or military status.
OUR COMMITMENT Grand Rapids Community Foundation is to hiring and retaining a diverse workforce. We support and comply with applicable state and federal laws prohibiting discrimination in the workplace.
Grand Rapids Community Foundation strives to actively demonstrate our commitment to diversity, equity, and inclusion and the pursuit of racial, social and economic justice in all aspects of our organizational culture and operations, internally and externally. It is the expectation that our team members, committees and Board of Trustees share this commitment and continuously work to deepen their understanding in these areas.
#J-18808-Ljbffr