Do you want to join a team dedicated to making life better throughout the Greater Mankato region?
Here at the Mankato Area Foundation, we are a team of people who love where we live and love what we do. As a donor-driven community foundation, our purpose has been to improve the livability of our region through philanthropy since 1974. We are currently looking for a self-motivated and passionate professional to join our team as the Finance Director.
Position Title: Finance Director
Reports To: President and CEO
Status: Full Time
FLSA Status: Exempt
Position Overview
While representing the Mankato Area Foundation, our Finance Director is responsible for the organization’s financial health. S/he will combine operational and strategic roles, manage accounting and financial control functions, and establish a financial strategy for the organization’s long-term growth. This role will ensure the organization has systems and procedures in place to support effective program implementation and provide strong internal controls. The position will report to our President and CEO.
Essential Duties and Responsibilities
To perform this job successfully, an individual must be able to perform each duty satisfactorily. The requirements listed below are representative of the knowledge, skill and abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the position. The Essential functions listed below are intended as illustrations of the various types of work that may be performed. The omission of specific duties does not exclude them if the work is similar, related or a logical assignment to the position.
Financial Strategy
- Develop a long-term financial model and regularly monitor the financial performance of the organization
- Play a critical role on the leadership team, ensuring cost-effectiveness and efficiency in the delivery of the overall financial strategy
- Advise President and CEO along with Board Members on financial and organizational effectiveness
- Provide strategic guidance regarding the related policies, processes, and systems necessary to manage the organization’s financial and administrative operation
Financial Reporting
- Regularly analyze financial data and present reports in an accurate and timely manner
- Prepare and communicate concise and accurate quarterly and annual financial statements
- Monitor progress, prepare financial outlooks and financial forecasts and keep President and CEO abreast of any changes
- Assist in the annual tax preparation of Form 990
Financial Controls
- Ensure all compliance practices are implemented based on up to date regulations
- Maintain control over all financial transactions and take responsibility for managing the organization’s liquidity
Financial Systems and Accounting Functions
- Oversee all accounts, ledgers, and reporting systems, ensuring compliance with appropriate GAAP standards and regulatory requirements
- Coordinate all audit activity and prepare detailed audit schedules
- Oversee all credit card reconciliation, employee expense reports, cash control,
- Utilize current transactional and financial systems and make recommendations for ongoing improvements in functionality as required
Budgets, Cash Flow Management and Controls
- Manage the annual budget process, providing guidance and support to committees and other team members where needed
- Maintain internal control and safeguards for receipt of revenue, costs, and program budgets and expenses
- Monitor bank balance positions throughout the year
- Provide support to Investment and Finance committee chairs
- Manage organizational cash flow forecasting in partnership with President and CEO
- Review balance sheet and income statements for accuracy
Required Qualifications
- A passion for philanthropy
- Associates or bachelor’s degree in accounting, finance, or business administration or equivalent experience
- Prior experience as finance director or similar role is preferred
- Knowledge of fund accounting preferred
- Knowledge of nonprofit finance and accounting principles preferred
- Knowledge of financial analysis and forecasting
- Knowledge of GAAP and IRS tax codes
- Demonstrated ability with reviewing, creating, and implementing new systems and procedures
- Demonstrated leadership, relationship building, collaboration, and team-building skills
- Self-motivated and able to work well both independently and cooperatively; proven success working as a member of a team
- Must be able to maintain the confidentiality of MAF information
- Well-developed analytical and problem-solving skills
- Excellent presentation, verbal, and written communication skills
- Strong computer skills, specifically in Microsoft Word and Excel
- Experience working with databases and donor management software preferred*
- Ability to manage and prioritize multiple tasks with competing priorities and deadlines
*Salary commensurate with experience