Director of Finance
Company: Duluth Superior Area Community Foundation
Posted on: June 22, 2022
The Duluth Superior Area Community Foundation is recruiting an
experienced finance professional to join our leadership team.To
ApplyPlease submit your resume AND cover letter.About the RoleThe
Director of Finance is a full-time, exempt, senior level management
position located in Duluth, Minnesota. This role is responsible for
organizing, planning, directing and evaluating the Community
Foundation's financial and operating support functions. The
Director's primary purpose is to maintain the financial integrity
of the Foundation by insuring the accurate and timely
implementation and accounting of the Foundation's finances and
investments according to the policies and procedures approved by
the Board of Trustees.Duties and Responsibilities
- Leadership - -Work closely with the President, Board of
Trustees and colleagues in developing and implementing
organization-wide, strategic, financial and operating goals;
proactively identifies potential crisis issues or situations and
assists in developing strategies to manage those issues; adheres to
code of ethical behavior and practice for functional areas and
maintains confidentiality of sensitive information. -Acts as a
liaison with the Board of Trustees in the presentation of
organization financial information and strategies.
- Operations - -Continually improve the fiscal-related
operational systems, processes and policies in support of the
Foundation's mission; ensure best IT practices are utilized;
develop internal processes and controls; evaluate and maintain
financial policies and standards to insure strong internal
controls; adherence to applicable federal and state regulations;
and compliance with national community foundation standards.
- Finance Policies and Procedures -- Implement the fiscal
policies and procedures as endorsed by the Board of Trustees and
advise leadership of needed changes in such policies. Implement and
monitor all internal control activities of the Foundation. Remain
up-to-date with current developments in accounting standards and
other rules and regulations affecting the Foundation.
- Audit -- Coordinate the annual audit and preparation of all tax
and regulatory agency filings. Serve as liaison to the Foundation's
auditor by managing the preparation of all required financial
records and letters for the audit. Provide staff support to Audit
- Budgets -- Work with leadership and other staff to project and
prepare the annual operating budget for recommendation to the
President and Board of Trustees. Work with other team members to
develop and monitor specific event, program, and initiative
budgets, including geographic affiliates, initiatives, grant-making
and scholarship budgets.
- Communication -- Serve as the principal Foundation contact for
financial-related inquiries from fund holders, donors, grantees,
outside audit firms, vendors, investment managers, and any requests
regarding IRS public disclosure and availability requirements of
annual returns and exemption applications; manage responses to
industry surveys; represent Foundation at events as required and
- Financial Reporting -- Review and reconcile information on
statements from financial institutions. Prepare monthly and
quarterly financial statements and summary financial information
and other necessary and requested financial reports for the
President, committees, and Board. Clearly communicate to the
President any cost savings ideas, revenue generating issues or
budget variance items.
- Fund Management -- Insure that all funds held by the Foundation
are accounted for in the proper manner according to IRS
regulations, FASB and other generally accepted accounting
- General Accounting -- Ensure the Foundation is properly
recording all transactions by preparing monthly account
reconciliations; calculating monthly transfers; issuing
administrative , grant and scholarship payments; maintaining the
balance sheet by preparing monthly reconciliations of general
ledger accounts, and ensuring the proper recording of revenue and
- Human Resources -- Serve as the Foundation's human resources
professional acting in collaboration with the Foundation's Human
Resources Consultant to maintain employee files and coordinate
- Information Technology - Provide leadership and oversight of
all technology systems and related training in order to achieve
optimal organizational performance through the efficient use of
currently available technology. -Evaluates technology systems and
makes recommendations for improvement.
- Facilities and insurance - Oversee and manage the efficient and
effective operations of the Foundation's offices; monitoring
applicable facility and equipment leases; oversee storage and
recordkeeping processes; serve as the Foundation's risk manager,
overseeing all property, casualty and liability insurance programs
ensuring appropriate and cost-effective coverages are maintained.
- Investments - -Serve as the liaison to and work closely with
the Foundation's Investment Committee and investment managers
- Planned Gifts - Serve as the Foundation's primary contact for
administrators of the Foundation's Charitable Remainder and Lead
- Regular and timely attendance to complete all job duties.
- Other duties as assigned.Qualifications and Experience
- Master's degree in finance or business management or equivalent
experience with 5 years of experience; or Bachelor's degree in
Finance or Accounting with 10 years of experience.
- Minimum of five years of senior level fund accounting
experience. Supervisory experience required. CPA preferred.
Institutional investment management experience required.
- Critical, lateral thinker; ability to connect the dots.
- Proven track record of exhibiting sound judgment with the
highest ethical standards.
- Well-organized, self-disciplined, decisive with an ability to
balance the "big picture, long-term view" with a hands-on,
- Self-starter, ability to work with minimal supervision.
- Superior analytical skills.
- Excellent project management skills.
- Experience in working with high-profile community leaders,
Board and its committees, as well as donors, etc. to nonprofit
- Outstanding written, verbal, presentation and interpersonal
- Knowledge of GAAP and FASB standards and IRS regulations as
they apply to nonprofit agencies or community foundations, in
- Knowledge of the nonprofit sector, foundations, and investment
- Understanding of investment instruments, investment
performance, asset allocation and investment strategies for
- Capable of managing all aspects of finance and administration
and maintaining effective relationships with financial
- Proven knowledge of accounting and financial systems.
- Knowledgeable of human resources a plus.Application Deadline:
June 30, 2022---CompensationThis position is a full-time
administrative, exempt staff position. Compensation will be
$75,000.00 to $85,000.00 and commensurate with skill level and
experience. Excellent benefit package, including:
- Paid holidays, personal days, vacation, and sick leave along
with an employer paid 3% contribution to 401k plus an additional
1.5% match. Other benefits include Health Insurance (shared cost);
Life Insurance, LTD/AD&D (employer paid); and dental &
vision-wear insurance available - both 100% employee paid. - -About
the DSACFThe Duluth Superior Area Community Foundation (DSACF) is
located on the beautiful western shores of Lake Superior. -We
encourage private giving for the public good and foster generosity,
civic engagement and inclusiveness. -Guided by a volunteer Board of
Trustees, the community foundation holds more than 450 different
charitable funds, with total assets of over $90 million. -Since our
inception in 1983, we have distributed over $63 million in grants
to nonprofit organizations and in scholarships to individuals
across our region. We currently contribute approximately $5 million
a year into our community through grants and scholarships. The
Foundation's area of service is primarily the seven counties of
northeastern Minnesota (Aitkin, Carlton, Cook, Itasca, Koochiching,
Lake and St. Louis) and the five counties of northwestern Wisconsin
(Ashland, Bayfield, Douglas, Price and Iron). We have four
affiliate funds each with their own advisory board. They are
located in Eveleth, Cook County, and Two Harbors all in Minnesota
and the Apostles/Chequamegon Bay funds in Wisconsin. We are honored
to be working with and for community.
Keywords: Duluth Superior Area Community Foundation, Duluth , Director of Finance, Accounting, Auditing , Duluth, Minnesota
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