The Director of Finance & Budgets will be responsible for:
Managing a portfolio of federal grants and contracts, foundation and corporate grants, private donations and endowments.
The creation, management and distribution of grants, Honoria checks, consultant payments and reimbursements.
Having a solid understanding of federal regulations and compliance for grants and contracts.
Directing the Financial strategic planning for the organization and managing and refining the accounting and financial operations.
Reporting that includes general ledger, accounts receivable, accounts payable, fixed assets, and taxes.
Providing updates to Senior Staff and Board of Directors. Working with the Board of Directors regarding the overall investment strategy and providing staff support to the finance committee.
Managing the distribution of vendor checks and consultant payments and reimbursements.
Hiring and managing a staff accountant.
Working with outside consultants and the HR staff toward the successful biweekly execution of payroll and related taxes, updates, etc.
Maintaining strong, positive relationships with bank representatives and managing terms of the loan(s).
Understanding and properly administering our 401(k) plan and providing appropriate reports, updates, etc.
Working with Department leadership & Program managers to maintain and report on budgets.
In-depth knowledge of accounting, financial reporting and generally accepted accounting principles and practices and risk management.
Knowledge and experience working with federal grants and cooperative agreements, the Uniform Guidance, and Federal indirect cost rates.
Familiarity with non-profit accounting practices, specifically related to FASB116 and 117, and ASU 2016-14, Presentation of Financial Statement of Not for Profit Entities.
Knowledge of DC Charter School landscape and working with multiple organization structures are preferred.
Solid experience in coordinating audit activities and managing reporting, accounts payable and receivable, general ledger, fixed assets, accounting for investments, and separate entity accounting.
Proven experience in the implementation of operational best practices.
Excellent interpersonal and communication skills, ability to interact with all levels of staff and to explain accounting terms to non-accountants, experience in effectively communicating key data, including presentations to senior management and Board.
Experience in grants management and reporting on government, corporate, and foundation grants to funders and required external reporting.
Technology-savvy with experience selecting and overseeing software and systems implementations; advanced knowledge of accounting and reporting software.
Outstanding analytic, organization and problem-solving skills for strategic data interpretation versus simple reporting.
Demonstrated ability to effectively manage federal grants and cooperative agreements, including overseeing post award requirements such as subrecipient monitoring, managing procurement activities, and preparing for Single Audits under the Subpart F of the Uniform Guidance.
Finance and Accounting
Ensure accounts, ledgers and reports comply with GAAP and regulatory requirements.
Prepare, review and, approve financial statements, reporting package and month-end entries for accuracy and timely distribution to management. Monitor and evaluate financial performance monthly to keep all staff apprised of financial status.
Maintain internal control and safeguards for receipts, payments, fixed assets and recording transactions.
Serve as primary point of contact with outside auditors to coordinate audit activity and 990.
Serve as Finance lead on tax compliance and reporting.
Manage and optimize grants, and indirect costs from federal and corporate sources.
Recommend and implement improvements for accounting processes to increase efficiency and accuracy.
Extensive financial analysis, forecasting and reporting to staff, senior leadership, and board of trustees.
Provide guidance to stakeholders on finance and accounting best practices to support effective program implementation.
Annual Budget Process:
Lead the annual budget process and lead monthly department budget review meetings.
Prepare and analyze financial statements, including but not limited to Statement of Activities, Statement of Financial Position, Statement of Cash Flow, and related footnote disclosures for annual audit report.
Plan, prepare, implement, report, and update the annual budget process and periodic updates.
Analyze budget variance including, regular reviews with senior management.
Prepare financial forecasts.
Prepare and analyze the management and general rate, indirect cost rates and other related overhead rates to ensure maximization of reimbursement.
Perform ad hoc projects and analysis to support the senior and executive management.
Cash Management and Investments
Monitor operating account balances and recommend necessary cash transfers.
Review and approve monthly investment reports.
Monitor credit card and other gift card usages and payments and the related systems (Concur, Blucard, etc.).
Develop, communicate, and update Finance and Accounting policies and procedures.
Review and update Finance SOPs to clarify roles and responsibilities. Coordinate with Finance management to assign system rights and responsibilities to ensure balance separation of duties with appropriate access.
Enforce established internal controls and recommend changes as necessary.
Establish the controls for assets to include, but not limited to, maintenance of the fixed assets ledger and a process for periodic inventory.
Motivate and implement training programs for team members to develop skills and increase knowledge base; clarify roles and responsibilities while building a supportive team environment.
Strengthen internal communications with staff; promote process efficiency and accuracy across functions.
Develop and maintain good rapport with the various Agency departments and work with contacts to understand variances and trends as well as provide more added-value commentary surrounding key business drivers.
Ability to thrive in a diverse environment and commitment to See Forever Foundation’s and Maya Angelou’s schools mission.
Bachelor’s degree in Accounting or Finance; CPA, MBA, or CMA is preferred. Must have at least five years of supervisory experience and fifteen years of progressive experience in finance or accounting.
About See Forever Foundation Maya Angelou Schools
The Maya Angelou Schools believe in being data driven. To inform our practice. The organization has built software systems and a continuous improvement cycle to support student growth and achievement.
Our data practices, like our schools, are designed to support the whole child. We collect academic and non-academic data to provide
multi-faceted interventions to best serve our students.
We continue to use all that we have learned in over 20 years of serving opportunity youth to inform the field. Some of our staff have most recently presented at the American University’s Summer Institute On Education, Equity and Justice in Summer 2019.