Position: Director of Finance
Organization: Grand Rapids Community Foundation
Location: Grand Rapids, Michigan
Deadline: March 15
Grand Rapids Community Foundation leads Kent County in making positive, sustainable change. With its endowment, the Community Foundation supports local nonprofits, leads significant social change and helps donors achieve their philanthropic goals. Guided by our North Star, we believe for West Michigan to grow and prosper, we must ensure that everyone can apply their talents and creativity to fuel our future. By connecting across perspectives and overcoming inequities, we can build and sustain an inclusive economy and thriving community.
The Grand Rapids Community Foundation is the second largest community foundation in Michigan. The Grand Rapids Community Foundation was founded in 1922 making it the longest standing community foundation in the state.
Are you looking to be part of a winning team? Are you looking to help make a difference? The Grand Rapids Community Foundation has a key position open due to retirement.
In this role, you will be hands-on performing accounting and reporting duties for this leading community foundation located in Grand Rapids Michigan. Report to the CFO and ensure accuracy and timeliness of accounting, reporting and reconciliation of investments. This individual will ensure proper internal controls are in place and accounting process is in accordance with GAAP. The ideal candidate will be systems savvy, team-oriented and committed to excellence. This is a pivotal role in the organization supporting donors, investors, programs and fellow staff.
The Grand Rapids Community Foundation supports a diverse and inclusive workforce. The right candidate will fit a culture that values people, inclusion, honesty, integrity, transparency, balance, teamwork and passion around the organization's mission.
Responsible for the Community Foundation’s financial activities, forecasting and analysis. Management of accounting and investment procedures, compliance, budget, and all related financial reporting activities.
The Director of Finance will have an extraordinary understanding and commitment to the Community Foundation’s North Star with relationships and networks within communities experiencing inequities in Kent County. They will have extensive experience working effectively with persons from various cultural, social and ethnic backgrounds. They will have a demonstrated ability to work in a collaborative setting, effectively communicate around sensitive issues, a highly developed cultural awareness and the ability to be an active listener.
Principal Duties and Responsibilities
Responsible for the Community Foundation’s finance and accounting activities (55%)
- Responsible for accounts receivable, accounts payable, general ledger, fund management, and tax filings
- Ensure that financial records, reports and practices meet generally accepted accounting principles and proper internal controls are in place
- Work closely with audit committee: attend meetings, ensure members have meeting materials and prepare minutes
- Reconcile monthly cash and investment accounts and allocate pools in FE
- Produce quarterly donor statements and mail printed statements twice a year
- Ensure fund statement templates are accurate
- Allocate quarterly admin fees on funds
- Set up new funds in RE/FE/GE with appropriate codes
- Quarterly dashboard reports
Prepare and monitor operating and grant budgets (10%)
- Work with the CFO to create departmental budgets and use the information to comprise an organization-wide budget.
- Provide management team with the financial and operational information needed to manage the Community Foundation
- Forecast and cash management information for management staff
- Prepare and monitor operating and grant budgets
- Responsible for spending rate calculations on endowment funds and income available to spend
- Oversee and monitor investments
- Work with managers and custodian on investment cash calls and distributions
- Contact for bank trustees and investment managers
- Work closely with the Investment Review Committee (minimum of four meetings per year). Attend meeting, ensure members have meeting materials, and assist with minutes
External audit of the Community Foundation’s accounting information and practices (10%)
- Work with the CFO and provide the auditors appropriate information
- Ensure final audit and 990s accurately reflect Grand Rapids Community Foundation financials
Special Projects (2%)
- Challenge Scholars – financials & forecasting
- Diversity and Inclusion work
- FSG activity-based cost study (every 3-4 years)
- LEAN processes
- Miscellaneous (3%)
- Employee Education and Development
- Community Activities/Community Resource (including state/national FAOG work)
- Ensure the Foundation’s publications correctly reflect Grand Rapids Community Foundation financial policies and data – includes annual report, newsletters, brochures and website
- Work with Development staff and/or donors on gifts & pledges
- Maintain solicitation license in appropriate states
- Assist Development with forecasting for prospective funds
- 5-10+ years accounting to include some fund accounting experience. Foundation experience best.
- Knowledge or experience with accounting for investments a plus
- Must be accurate and detail-oriented
- Fit with a culture that values people, diversity, honesty, integrity, transparency, balance, teamwork, and passion for mission.
- Ownership mentality – someone who will own the work product. Be a steward for investors and the foundation.
- Self-starter, team-oriented with strong communication skills required.
Salary & Benefits
Competitive salary and benefits plan offered depending on experience and qualifications.
How To Apply
Send salary requirements and resume to: email@example.com Subject or Reference: Grand Rapids Community Foundation.
Grand Rapids Community Foundation is an equal opportunity employer and does not discriminate against any employee or applicant for employment based on race, color, religion, national origin, age, gender, sex, ancestry, citizenship status, mental or physical disability, genetic information, sexual orientation, veteran status, or military status.