SumBridge is hiring a Finance Director to join one of our Seattle-based Not-for-Profit client. The finance director will be a key part of the Accounting and Finance team and will be responsible for leading a team of high-performing accounting staff. The Finance Director will be responsible for the organization’s financial and audit tasks and lead in financial reporting, budgeting, forecasting, and compliance requirements. This person will also assist in implementing the financial strategies that support the organizations financial health, mission, and goals. This is a permanent, full-time role and is hybrid with 2 days onsite and 3 days work from home. The role offers competitive compensation and benefits.
Job Responsibilities:
- Support, manage, and track the annual organizational budget process, ensuring alignment with strategic objectives and federal funding priorities.
- Oversee the financial management of federal grants, ensuring proper expenditure tracking and adherence to all compliance requirements.
- Coordinate with program staff to develop accurate grant budgets, track expenses, and prepare required financial reports for federal agencies.
- Ensure timely and accurate preparation and submission of federal, state, and local tax and financial reporting and compliance requirements and filings are met.
- Prepare detailed financial reports, including monthly, quarterly, and annual reports, for federal funding agencies, the board of directors, and senior management.
- Conduct financial analysis to monitor financial performance and recommend improvements or adjustments as necessary.
- Provide financial insights and data to support funding renewals, grant applications, and federal audits.
- Ensure that the organization’s financial operations comply with federal regulations and GAAP.
- Develop, implement, and maintain internal controls to prevent fraud, waste, and abuse, ensuring proper documentation and record-keeping.
- Lead the preparation and oversight of audits, ensuring compliance with federal requirements. (Form 5500, Form 990, funder, insurance, IRS, and other annual compliance audits and return filings.)
- Oversee an accurate and timely month-end close.
- Served as the primary point of contact for external auditors and federal agencies during audits and monitoring reviews, ensuring clear communication and compliance with reporting requirements to funders and other stakeholders.
- Prepare cash flow forecasting and monitor cash flow, working in partnership with the finance, program, development, and executive leadership teams to ensure the availability of funds to meet the organization's operational needs.
- Implement risk management processes, create contingency plans, and regularly review and update strategies. Ensure compliance with regulations and provide senior leadership with reports on key risks and mitigation efforts.
- Develop and maintain accurate cost allocation plans and indirect cost rate proposals for federal grants, ensuring compliance with the relevant federal guidelines.
- Ensure the appropriate allocation of costs between direct and indirect categories in line with federal requirements.
- Partner with the Finance Officer to create cross-training, professional growth, and other departmental staff investment strategies and plans.
- Build relationships with banks, investors, grantors, and other financial vendors.
- Lead, mentor, and inspire the finance team, fostering a culture of accountability, cross-training, communication, and continuous improvement and learning.
- Ensure that the finance team is equipped with the tools, knowledge, and resources to successfully manage federal funds and ensure compliance with federal financial standards.
- Ensure ongoing utilization of financial systems, including integration to other systems across the organization.
- Streamline process inefficiencies and develop systems and processes that minimize manual work.
- Develop and provide staff training on financial processes, financial best practices, and federal grant management and regulations.
Job Qualifications:
- Bachelor’s degree in accounting, Finance, Business Administration, or a related field, or the equivalent combination of education and experience
- Minimum of 8+ years of progressively responsible experience in financial management within a nonprofit organization, including at least 3 years of experience in budgeting and managing federal grants and funding.
- 5+ years of experience leading a collaborative, diverse finance team.
- Proficiency with complex accounting systems & Microsoft Office products
- Experience with cost allocation and indirect cost rate negotiation
- CPA, CMA, or master's Degree in a related field or equivalent
- Proficiency with NetSuite, PyanGo, and SalesForce
- Excellent communication and presentation skills, with the ability to present complex financial data in a clear and accessible way to both financial and non-financial stakeholders.
- Strong leadership, organizational, and project management skills.
- Team player with equity mindset, adapts and responds to changes, is accountable, responsible, adept at critical thinking, and has excellent decision-making skills.
- A demonstrated commitment to anti-racism, valuing diverse perspectives and encouraging contributions from all team members.