Finance Director of Finance (Part-Time)
The Finance Director is a new role created for a visionary, strategic finance leader who guides our organization through the next level of financial management, sustainability, and innovation. The Finance Director will be critical in setting the vision and strategy for our financial operations, budgeting, accounting, and financial planning functions. In addition, the Finance Director will ensure the organization has the infrastructure, systems, and processes that enable us to sustainably manage our finances in support of impact while working across divisions to add value, expertise, and support to the entire organization.
The Finance Director will understand business performance and work cross-functionally to drive strategic investment and capacity management decisions while effectively managing risk and overhead. You will be a change agent and collaborative leader to marshal resources and investment with the proper balance of technology landscaping and a pragmatic, results-oriented approach to drive performance. Also, you will institute an innovative system in all areas of financial management and reporting to ensure strategic data and analysis drive decision-making; maintain a strong and forward-looking financial position that considers areas of investment.
Reports to: Executive Director
Hours: Part-time (15-25 hours per week)
Location: Memphis and/or Virtual (Hybrid organization)
Application Deadline: Open until filled. Priority given to applicants who apply by July 7, 2023
What Will Be Expected:
Estimated percentage of time: Finance & Reporting (45%), Grant Management & Reporting (25%), Accounting Management & Reporting (20%), Leadership (15%)
- Oversee developing and implementing a financial planning strategy that positions First 8 Memphis to scale impact sustainably.
- Lead First 8 Memphis approach to financial planning, budgeting, cash flow, accounting, and investment priorities.
- Lead the financial operations and accounting functions such as payroll, accounts payables, general ledger reconciliation, account receivables and invoicing, grant management, asset management, budgeting, procurement, treasury management, expense management, financial reporting, revenue recognition, and cash flow management.
- Oversee the development of best-in-class financial infrastructure, including processes, procedures, and systems, that ensure the organization maximizes business efficiencies.
- Establish and implement financial procedures and controls and ensure financial reports are completed accurately and on time.
- Establish and maintain the financial reporting systems and controls to ensure compliance with financial consolidation and reporting requirements, ensuring regulatory compliance and effective risk management.
- Optimize financial reporting and analysis to give senior-level leadership and the Board access to data and information that enables them to make decisions promptly.
- Provide strategic financial input and leadership on decision-making initiatives affecting the organization’s operating performance.
- Oversee the ongoing development and monitoring of internal controls and steering long-term financial and operational strategies.
- Oversee and manage banking, auditing, nonprofit filing, debt, and insurance compliance, serving as the primary liaison for fiscal and business partners.
- Oversee the work of the contracted accounting firm to ensure accurate and timely deliverables.
- Serve as a primary financial manager for the organization and a strategic advisor for the Executive Director and Board.
- Prepare accurate external financial information for the City of Memphis and Shelby County Commission in a timely manner.
- Administer payments to operators, provide batch reports to the external accounting firm, and conduct annual fiscal training with operators.
- Manage the portfolio of grants, including grant reporting, expense reclassification, invoicing, budget management and amendments, compliance, and corrective actions.
What Is Needed to Be Successful:
The Finance Director must have a high competency level, demonstrate strong people management and communication skills, and have substantial experience in financial management; forecasting, and planning, including non-profit GAAP accounting; financial forecasting; cash flow management; and financial analytics. In addition, the ideal candidate must be “hands-on,” proficient in various technical applications, adaptable and strategic yet tactical. We recognize that no single candidate will meet all the requirements, so we encourage all potential strong candidates regardless of meeting all needs.
Education & Certification / License Credentials
- An undergraduate degree in business administration, finance, financial management, audit/accounting, or a similar field is required.
- An advanced degree (MBA, Master in Finance, or Master in Accounting) is advantageous.
- A CPA or CFA is not required but is considered highly valued.
Functional Competencies — Skills, Knowledge & Experience
- At least 5 years of mid-to-senior professional experience in a financial operational leadership position.
- Strong knowledge of non-profit accounting, auditing, and financial requirements
- Experience within a non-profit is essential to success in this role; candidates with a combination of for-profit and non-profit experience will be considered
- Acumen in examining and re-engineering policies and procedures, business process improvement, and the development and implementation of new strategies
- A demonstrated track record of achievement and results as a senior leader in the finance and accounting area
- An ability to cross-functionally provide advice, counsel, recommendations, and reports
- An individual who has a deep understanding of financial forecasting/reporting, budgeting, systems integration, and financial planning and analysis
- Prior responsibility for the successful coordination and completion of an annual external audit process
- Advanced acumen in accounting software and reporting applications
- Oversight of complex payroll and tax processing; even experience working with external payroll vendors
- An exceptional project manager who can exceed expectations for deliverables consistently
Leadership & Management/ Behavioral Competencies
- A demonstrated track record and commitment to diversity, equity, and inclusion are paramount. One must have a clear perspective on diversity, equity, and inclusion which aligns with our organizational culture and objectives
- Ability to critically assess challenges and identify flexible, effective solutions, a demonstrated track record of success in organizational change management
- An executive who can develop a strategy for the team and serve as an advocate to other internal stakeholders on their behalf
- Outstanding verbal and written communication skills
- An inspirational leadership style that values the importance of influencing through persuasion and motivation
- Ability to overcome barriers and meet goals, especially in a fast-paced environment that requires multi-tasking
- One who can drill down on business topics and translate findings to a broad audience
- Prior successful experience leading, managing and developing staff and bookkeeping vendors
- Exceptional interpersonal and relationship-building skills with staff at all levels of an organization
- Ability to feel at home working at a visionary/strategic level but be fully willing to roll up one’s sleeves and dig into tactical work as well
- A leader who can assess critical needs which occur on short notice and require immediate action
- Organization, prioritization, judgment, and problem-solving skills are essential
- A disposition to be able to interact with a diverse group of internal and external professionals
- Strong executive presence: one who can present well in a clear and concise manner
- Can travel approximately 10% of time around Shelby County and, potentially, statewide and nationally
- An entrepreneurial spirit
- Embraces ambiguity and is adaptable, flexible, and comfortable with constant change
- Collaborative team player who is an excellent active listener
- An unwavering commitment to First 8 Memphis’s vision, values, and operating principles
- Actively demonstrates a commitment to advancing diversity, equity and inclusion
- Has a growth mindset and uses feedback to improve practice
OUR COMMITMENT AND COMPENSATION
Workplace Commitment: F8M is committed to an inclusive, fair, and equitable workplace where everyone is respected and valued as a member of the team. We strive to attract, develop, and retain exceptional people that reflect the diversity of the children and families we serve; and to create a work environment that is dynamic, rewarding, and enables each of us to realize our potential. Our work environment is safe and open to all employees and partners, respecting the full spectrum of races, ethnicities, national origins, ages, sexual orientations, gender identities, beliefs, religions, faiths and ideologies, cultures, socio-economic backgrounds and levels of physical ability.
What We Offer: The salary for this role is $60,000, commensurate with experience. Benefits for part-time employees include a professional development stipend, paid sick and vacation time, and a no-cost Employee Assistance Program.. F8M offers a hybrid work environment.