Director of Finance

FLSA Classification: Exempt

Supervisor: Executive Director

Pay Grade: Grade 17, Step depending on experience and qualifications

Schedule: Monday through Friday, 8:00 am to 5:00 pm, 12 Month Employee

Job Summary:

Under the supervision of the Executive Director, the Director of Finance is responsible for managing EOAC's financial operations. This includes overseeing accounting, payroll, budgeting, billing-reimbursement, and other financial matters. The Director of Finance ensures the organization's financial health and compliance with generally accepted accounting principles, state and federal regulations, and professional standards. This position plays a crucial role in maintaining accurate financial records, preparing for audits, reconciling accounts to the balance sheet, and supporting the financial decision-making processes of the organization.

Job Duties:

• • Financial Management:
  • Direct all financial affairs of the corporation using generally accepted accounting principles.
  • Plan, develop, organize, implement, evaluate, and direct the financial operations under the direction of the Executive Director.
  • Ensure cash flow is appropriate for the organization’s operations.
  • Reconcile all accounts to the balance sheet on a monthly basis to ensure financial accuracy and completeness.
  • Oversee payroll accounting methods, including special functions required by employee benefit or retirement plans and insurance accounting.
  • Audit and Compliance:
  • Take responsibility for ensuring the timely completion of the audit.
  • Prepare audit workpapers and solicit auditors for compliance reviews.
  • Ensure compliance with state and federal grant laws and regulations and other relevant regulations.
  • Review entries in all ledgers monthly to ensure accuracy.
  • Review and develop plans of correction for any accounting deficiencies or findings during monitoring surveys or audit examinations.
• Budgeting and Reporting:
  • Assist and support program directors in utilizing financial data for planning purposes and building effective budgets.
  • Provide monthly financial information to stakeholders, including revenue and expense summary reports, credit card expenditure reports, and annual grant application budgets and amendments.
• Team Management:
  • Recruit, hire, and train competent accounting/finance personnel, and design department workflows.
  • Develop and maintain written job descriptions for accounting/finance personnel in conjunction with program directors.
  • Review and evaluate the performance and accuracy of accounting/finance personnel, making necessary adjustments including counseling, discipline, or termination.
• Financial Policy and Procedures:
  • Establish a Financial Policy Manual to be updated every three years and amended as needed.
  • Review current list of contracts and leases executed by the corporation.
  • Oversee schedules for fixed asset depreciation and maintain the Indirect Cost Fund.
  • Collaboration and Communication:
  • Maintain a working relationship with all program directors and work with them in developing and using financial data as appropriate for planning purposes.
  • Collaborate effectively with team members and stakeholders to support the successful planning, execution, and reporting of grants.
  • Attend meetings of the governing board of directors and policy council, as needed.
  • Provide an effective interface with advisory boards, neighborhood councils, special committees, and other agencies and non-profits.

Knowledge and Skills:

• • Strong knowledge of generally accepted accounting principles and audit principles and practices.
  • Proficiency in data entry, output, system applications, and relevant software applications.
  • Excellent budget preparation and financial reporting skills.
  • Ability to make independent decisions and take initiative when necessary.
  • Strong interpersonal and communication skills, with the ability to deal tactfully with personnel, visitors, government agency representatives, and the general public.
  • Ability to thrive in a fast-paced work environment, effectively prioritize tasks, and consistently meet deadlines.
• Ability to travel routinely locally for community meetings and periodically overnight for training or industry events.

Qualifications:

• • Bachelor’s degree in Accounting, Finance, Business Administration, or equivalent skills and experience. Master’s degree preferred.
  • Minimum of 5-7 years of experience in accounting or financial management roles, preferably within a nonprofit organization.
  • CPA certification or equivalent certification.
  • Demonstrated experience in budgeting, financial reporting, and compliance with state and federal regulations.
  • Experience in managing and developing accounting/finance personnel.
• Working knowledge of OMB Circulars A-87, A-110, A-122 and A-133 is preferred.

Personal Qualities:

• • A collaborative leader who values teamwork and unity.
  • Commitment to growth and progress, with a strong sense of responsibility for the organization's financial health.
  • Adaptable and resilient, capable of managing transitions and growth.
  • Motivated by the mission of EOAC to improve economic opportunities and advance community development.
• High ethical standards, ensuring confidentiality in the management of financial data, employee information, and other sensitive materials.

Note: This position requires a credit check as part of the pre-employment screening process.

Economic Opportunities Advancement Corporation provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

At Economic Opportunities Advancement Corporation, we are committed to building a diverse, equitable, and inclusive workplace. We recognize that a wide range of skills and experiences can contribute to success in this role. Even if you don't meet every qualification listed, we encourage you to apply if you believe your skills and experiences align with the responsibilities of this position and the mission of our organization. We are dedicated to providing opportunities for professional growth and welcome applicants from all backgrounds.