POSITION SUMMARY:
The Finance Director is a strategic leader responsible for overseeing all financial operations in accordance with generally accepted accounting principles issued by the Financial Accounting Standards Board, along with other regulatory and advisory organizations, and in accordance with financial management techniques and practices appropriate within the industry. This role manages budgeting, financial planning, accounting, auditing, and compliance while collaborating with the Senior Leadership Team to drive the organization’s mission. The Finance Director will establish strong internal controls, guide financial policy development, and provide accurate, timely & transparent financial reporting.
ESSENTIAL JOB FUNCTIONS AND DELIVERABLES:
Financial Management & Compliance
- Plan, develop, organize, implement, direct and evaluate the organization’s fiscal functions and performance.
- Develop, implement, enforce and regularly evaluate fiscal policies and procedures of the organization, including use of a systems-based approach to improve the overall operational effectiveness and efficiency.
- Deliver timely and accurate monthly, quarterly & annual financial reports, analysis of budgets, and financial trends in order to assist the CEO, senior executives, Board, program departments and others in performing their responsibilities.
- Develop, implement, and monitor annual budgets, financial forecasts, and cash flow projections. Enact reliable & valid process and reporting mechanism in these areas to ensure minimum cash threshold meet operating needs.
- Deliver continual improvement of the budgeting process through performance outcome evaluation, along with education of & coordination with department managers on financial issues impacting department budgets.
- Coordinate, implement & oversee all day-to-day accounting functions of the Organization including, but not limited to, accounts payable/receivable, general ledger management, petty cash, point-of-sale systems, contract development & management, accounts management, lease management, etc.
- Directly & effectively manage the handling of bank deposit/debit activities, all bank & investment accounts, all loan, lease & mortgage accounts, financial institution relationships, and all other financial transactions.
- Act as the accountable party to develop, implement, manage & evaluate the Organization’s Technology Plan and contracted Information Technology services.
- Coordinate with auditors to successfully complete annual external and other audits, working closely with auditors to ensure timely and accurate completion.
- Oversee the preparation, and ensure the timely filing of regulatory financial reports (e.g., Form 990) and corporate filings (e.g., Secretary of State filings).
- Ensure compliance with GAAP, IRS regulations, MN Department of Human Services and MN DEED/VRS requirements, Licensing & Accreditation standards, Grant-specific requirements, and all other applicable and/or relevant nonprofit/field-related accounting standards.
Strategic Financial Leadership
- Participate & collaborate in the development of the Organization’s strategic plans and programs.
- Evaluate and advise on the impact of long-range planning, introduction of new programs/strategies and regulatory action.
- Serve as a key advisor to the CEO and Senior Leadership Team on financial strategy, risk management and long-term planning.
- Establish credibility throughout the organization as an effective developer of solutions to business challenges.
- Provide technical financial advice and knowledge to others within the financial discipline.
- Provide strategic financial input and leadership on decision making issues affecting the organization (e.g., evaluation of potential mergers, investments, major expenditures, business expansion/contraction considerations, etc.).
Grant and Fund Management
- Oversee financial aspects of grant management including budgeting, compliance, and reporting for funded projects.
- Collaborate with development staff to ensure proper tracking of donor-restricted funds and expenditures.
Team Leadership and Collaboration
- Lead and mentor finance and administrative staff; coordinate training and professional development opportunities.
- Work collaboratively with cross-functional teams to support operational efficiency and strategic initiatives.
COMPETENCIES:
- Financial Management
- Business Acumen
- Communication Proficiency
- Ethical Conduct
- Leadership
- Performance Management
- Personal Effectiveness/Credibility
- Problem Solving/Analysis
- Strategic Thinking
- Technical & Technological Proficiency
Supervisory Responsibility
This position is responsible for direct supervision of business and/or accounting management staff, and indirect supervision of all employees in the accounting and finance department.
Work Environment
This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
Position Type/Expected Hours of Work
This is a full-time, exempt position. Days and hours of the work are typical business hours (e.g., Monday through Friday; 8:00 am to 4:00 pm). Flexibility required, such that evening and weekend work may be required as job duties demand.
Travel
This position requires up to 25% travel.
Required Qualifications, Education and Experience
- Belief that every human being has gifts & potential waiting to be unlocked & discovered – that the world, and humanity, flourishes only when each person’s gifts are revealed, cultivated & celebrated.
- Belief that everything PHASE-Industries does should be designed to help individuals unlock, discover & develop their potential to fully participate in their communities and the broader world around them, including freely & equitable accessing competitive integrated employment.
- Post-Secondary Degree (e.g., Bachelor’s) in Accounting, Finance, Business Administration, or related field preferred.
- A minimum of five (5) years of progressively responsible financial management experience, preferably in a nonprofit or mission-driven organization. A combination of education and experience may be considered in meeting this requirement.
- Demonstrated expertise in budgeting, financial forecasting & reporting, and audit coordination.
- Strong understanding of nonprofit accounting principles, GAAP, and relevant regulatory requirements.
- Proficiency with payroll & accounting software (e.g., QuickBooks, ADP, etc.) and Microsoft Office Suite; experience with fund accounting systems is a plus.
- Excellent leadership, analytical, interpersonal and communication skills, with the ability to present complex financial data in an accessible manner.
- High level of integrity, attention to detail, and a commitment to the Organization’s Mission.
- Demonstrated proficiency in database management and record keeping.
- Able to exhibit a high level of confidentiality.
- Excellent organizational and self-management skills.
- Effectively identify and resolve problems in a timely manner.
- Acceptable driving record and the possession of a current driver’s license.
- Ability to pass criminal background checks requirements, vehicle insurance qualifications, and medical examination requirements (with doctor certification).
Job Description Addendum
The Finance Director has four key leadership deliverables.
- Embody the PHASE-Industries Adaptive Leadership Principles outlined below.
- Be an integral part of PHASE-Industries goal to lead the industry in exceptional participant care and therapeutic engagement. Ensure that all policies, systems and processes within your department are designed to create the highest quality product that leads to quality care. Tirelessly evaluate, innovate, and simplify. In everything we do, we ask, “How will this support program personnel in giving excellent service?”
- Lead your employees in the execution of the mission. Inspire a shared vision and commitment to the program helping others to realize how one’s individual aspirations can be realized in working toward the organization’s goals. Translate the leadership vision into executable tasks. Create enthusiasm for the present and the future. Develop strengths, develop performance, and correct problems professionally and fairly.
- Actively participate in the creation of a professional, healthy and caring culture in which every individual (employee and participant) can give his/her gift freely.
Adaptive Leadership Expectations:
- Every PHASE-Industries employee is a leader; every leader leads.
- PHASE-Industries leaders take ownership in addressing issues immediately to correct them, take responsibility for their part in every interaction, and have the ability to self-reflect, and adapt in order to best serve the mission.
- PHASE-Industries leaders use the tools of large mindedness and effective communication to demonstrate respect and embody our organizations mission, values and vision.
- PHASE-Industries’ leaders model and ensure therapeutic engagement towards Program Participants at all times.