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Director, Finance

Company: Greater Washington Community Foundation
Location: Washington
Posted on: May 16, 2022

Job Description:

ORGANIZATION OVERVIEW The Greater Washington Community Foundation ignites the power of philanthropy, leads for community impact, and responds to critical community needs. Since 1973, The Community Foundation has been a trusted philanthropic partner to our generous donors and nonprofits working to create lasting change in DC, Montgomery County, Northern Virginia, and Prince George's County. As the region's largest local funder, we have invested more than $1.4 billion to build racially equitable, just, and thriving communities where everyone prospers. Today, our strategic focus is to close our region's racial wealth gap so that people of all races, places, and identities reach their full potential. POSITION SUMMARYReporting to the Managing Director, Finance. The Director, Finance has primary responsibility for the accounting functions for the Foundation, which includes responsibility for activities leading to the generation of consolidated financial statements, budget preparation and monitoring, and implementing and maintaining appropriate internal controls for the organization. Is the primary source of information for independent audits of the Foundation's financial statements; works closely and productively with independent auditors. Plays a lead role in the preparation of various Federal and State tax returns, working closely with external tax preparation firm. In addition to the duties described in this position description, every role at The Community Foundation is expected to contribute to the overall success of the organization and its goals. This may mean that team members will be asked to take on other tasks that may not be listed here. Examples may include working on a project or specific task outside of your standard area of responsibility, participation on an organization-wide task force or special initiative or being asked to support a colleague when needed. Any additional tasks will be determined by the manager of this role in coordination with the leadership team.


  • Oversees the quarterly fund statements process, year-end closing process, and annual audits preparation in collaboration with the Controller.
  • Leads the full annual regular and A-133 audits processes with assistance from all other department staff and collaboration with the Controller.
  • Facilitates preparation of all annual tax returns with assistance from Controller.
  • Oversees the process managed by the OCIO that ensures all separately managed accounts adhere to existing and updated investment guidelines/IPS and are reviewed with the investment advisors on a regular basis for compliance.
  • Supervises investment staff and works closely with OCIO in providing support in investment reconciliations, cash flow operations, portfolio rebalancing, administration, monitoring, compliance and reporting for investment activities.
  • Manages all investment related paperwork (openings, closings, modifications etc.) and works with the outside financial advisors and internal authorized officers to execute and finalize such agreements.
  • Completes forms 8282 as sales of hard to value investments occur.
  • Develops training material and provides ongoing training and coaching to all staff on technical financial and investment issues with support from MD, Finance.
  • Assists the MD, Finance with annual operating budget.
  • Generates and distributes to all department heads the quarterly budget/actual analysis and resolve any follow up questions/requests.
  • Assists with quarterly Board financial packets.
  • Assists with Investment Committee quarterly packets and ongoing support.
  • Assists with the Audit and Finance Committee meetings material.
  • Assists with hard to value gift analysis and preparation for the Gift Acceptance Committee.
  • Leads the finance team with implementing of the new accounting software to advance and streamline processes; oversees the ongoing integrity of the accounting software.
  • Prepares/generates monthly or quarterly financial reporting schedules for certain funds, as needed.
  • Meeting with donors and other external parties as needed.
  • Takes the lead for other tasks/duties as assigned by Managing DirectorDESIRED SKILLS AND EXPERIENCE
    • Education: Bachelor's degree in Accounting, Finance, or Business Administration; CPA and public accounting experience required.
    • Work Experience: Minimum ten years of relevant accounting experience, including experience with accounting for investments required, audit (including A-133) preparation required; Federal and State tax filings required. Community Foundation experience preferred. Fund accounting experience preferred.
    • Skills: Must possess exceptional organization skills and the ability to produce work that is of high quality in terms of accuracy and presentation. Must be detail-oriented.
    • Capabilities: Good judgment and critical thinking skills; works well as a member of the team while coordinating the work of others participating in certain tasks; cultivates a sense of community; good customer-service orientation; good interpersonal skills; ability to complete tasks in a timely manner. Anticipates needs and ensures they are met with little or no direction. Ability to work under pressure, meet deadlines, and manage multiple priorities.
    • Conditions: Must exercise the highest level of discretion and confidentiality, and have the ability to perform the work necessary to complete the responsibilities of the position; must pass a background check.SALARY AND BENEFITSSalary starts at $130,000.00 and is commensurate with experience and qualifications. Excellent benefits package, including company-paid health, vision, dental, and life insurance for employees; Flexible spending accounts; Identity Theft, Critical Illness coverage, Universal life and long-term care insurance and retirement plan with employer match; Twelve paid holidays; Flexible work schedule.The Greater Washington Community Foundation is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity, sex, national origin, disability, or protected veteran status.PM22PI177540619

Keywords: Greater Washington Community Foundation, Washington DC , Director, Finance, Executive , Washington, DC

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