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Director of Finance

Company: Duluth Superior Area Community Foundation
Location: Duluth
Posted on: June 22, 2022

Job Description:

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 Committee.
  • 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 appropriate
  • 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 principles.
  • 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 expense items.
  • 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 and/or consultants.
  • Planned Gifts - Serve as the Foundation's primary contact for administrators of the Foundation's Charitable Remainder and Lead Trusts.
  • 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, day-to-day focus.
    • 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 organizations.
    • Outstanding written, verbal, presentation and interpersonal skills.
    • Knowledge of GAAP and FASB standards and IRS regulations as they apply to nonprofit agencies or community foundations, in particular.
    • Knowledge of the nonprofit sector, foundations, and investment management.
    • Understanding of investment instruments, investment performance, asset allocation and investment strategies for endowment funds.
    • Capable of managing all aspects of finance and administration and maintaining effective relationships with financial institutions.
    • 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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