What are the responsibilities and job description for the Director of Finance for Nonprofit Community Development position at Get It - Executive?
Job Overview
Join our esteemed nonprofit organization, dedicated to uplifting the Philadelphia community since 1970 through a diverse array of human services, including early childhood education, foster care, mental health support, and community development. We are actively seeking a Finance Director to be a pivotal member of our team, directly reporting to the Chief Financial Officer (CFO). This critical role encompasses a variety of accounting responsibilities, including the management of Low-Income Housing Tax Credits (LIHTC), ensuring the accuracy and timeliness of fiscal activities, supervising finance personnel, and preparing essential financial reports and budgets. Your financial acumen will be instrumental in furthering our mission to empower families.
Key Responsibilities
We are devoted to the professional development of our employees, offering avenues for mentorship and skill enhancement within the nonprofit industry.
Company Culture And Values
Our organization fosters a collaborative culture centered around community support, integrity, and teamwork, where each member plays a vital role in our mission of empowering families.
Employment Type: Full-Time
Join our esteemed nonprofit organization, dedicated to uplifting the Philadelphia community since 1970 through a diverse array of human services, including early childhood education, foster care, mental health support, and community development. We are actively seeking a Finance Director to be a pivotal member of our team, directly reporting to the Chief Financial Officer (CFO). This critical role encompasses a variety of accounting responsibilities, including the management of Low-Income Housing Tax Credits (LIHTC), ensuring the accuracy and timeliness of fiscal activities, supervising finance personnel, and preparing essential financial reports and budgets. Your financial acumen will be instrumental in furthering our mission to empower families.
Key Responsibilities
- Generate comprehensive financial reports for the CFO, including monthly, quarterly, and annual statements.
- Prepare, assess, and maintain the financial accounting policies and procedures manual, managing payroll, cash disbursement, and receipts.
- Conduct regular reviews of internal controls and organizational policies to ensure compliance with all applicable regulations.
- Review the chart of accounts, establish new accounts, and maintain the general ledger, ensuring timely reconciliations of all accounts.
- Coordinate the annual property inventory and reconciliation process with the general ledger.
- Prepare accounting records for subsidiary companies.
- Manage the preparation and review of the indirect cost allocation plan.
- Ensure timely filing of all necessary federal and state tax forms for the organization and its subsidiaries, including forms such as 990, 941, 940, and 1099.
- Complete state registration forms and adhere to licensing requirements.
- Prepare schedules, analyses, and supporting documentation for the annual financial audit, including drafting financial statements and footnotes.
- Process monthly payments and accurately record transactions in the accounting system.
- Analyze and maintain general ledger accounts, preparing adjusting entries as needed.
- Assist in the implementation of the NetSuite cloud-based accounting system.
- Prepare budgets, forecasts, and cost allocation plans, along with necessary budget revisions.
- Monitor budget versus actual expenditures and track contract cost limitations.
- Collaborate with funders and auditors to address findings and inquiries.
- Maintain custody of grant and corporate documents.
- Work closely with Property Management and Community & Economic Development teams, particularly during transitional phases.
- Engage with state and local agencies, lenders, investors, and funding partners to ensure necessary due diligence for financing approvals.
- Oversee program spending and approve transactions in the NetSuite system.
- Proficiency in governmental accounting procedures and practices.
- Strong understanding of community development financial programs, including LIHTC and relevant federal/state tax credit and subsidy programs.
- Familiarity with generally accepted accounting principles (GAAP) and nonprofit/government accounting standards (GAAS).
- Advanced computer skills, including knowledge of Property Management software and the Microsoft Office Suite.
- Excellent written and oral communication abilities.
- Exceptional work ethic, meticulous attention to detail, and unwavering integrity.
- Bachelor’s degree in Accounting or a related field.
- Minimum of 4 years of progressively responsible accounting experience, with at least 2 years in community development, affordable housing, or the nonprofit sector.
We are devoted to the professional development of our employees, offering avenues for mentorship and skill enhancement within the nonprofit industry.
Company Culture And Values
Our organization fosters a collaborative culture centered around community support, integrity, and teamwork, where each member plays a vital role in our mission of empowering families.
Employment Type: Full-Time
