Brooklyn Community Foundation is the first and only public foundation solely dedicated to New York City’s largest borough. We are on a mission to spark lasting social change, mobilizing people, capital, and expertise for a fair and just Brooklyn. Since our founding in 2009, Brooklyn Community Foundation has provided over $60 million in grants to more than 300 nonprofits through our Community Fund and Donor Advised Fund program. The Foundation is committed to racial justice and to challenging systemic racism through all aspects of our grant-making, advocacy, operations, and governance.
The Finance Manager handles budgeting, accounting, and financial activities for the Foundation. With nearly $85mm in assets under management and a $7mm annual operating budget, in its most recent fiscal year the Foundation distributed $7.5mm in grants from its discretionary fund as well as numerous donor advised funds. The Finance Manager is responsible for producing financial and operational reports as well as recommendations for improvement. This position manages the external bookkeeper and partners closely with an external accountant to manage the Foundation’s growing donor advised fund program.
This position is newly created to respond to the Foundation’s growth and significant increase in assets. It offers the opportunity to help steer a premier Brooklyn institution through continued expansion and to ensure the Foundation’s financial health and long-term sustainability. This is a part-time exempt position – approximately 25 hours/week – with the potential to become full-time. It is located in Brooklyn, NY and reports to the Chief Operating Officer (COO).
The responsibilities of the Finance Manager include but are not limited to:
BUDGETS, ACCOUNTING, FINANCE MANAGEMENT
• Prepare and disseminate accurate and timely reports including: monthly financial statements, monthly closings, quarterly forecasts, operating budgets, annual financial statements, and departmental and project-based spending reports
• Work with COO and Bookkeeper to conduct the annual audits for the organization (including IRS Form990 and NYS Char500 filings)
• Work with department managers to review departmental and project-based financial reports that enable them to effectively manage their activities and understand how they impact overall operations
• Manage the bookkeeper to ensure disbursements and payables (such as grants and payroll) are monitored and reported on in a timely and accurate manner
• Manage the bookkeeper to ensure receivables (such as donor pledges, billings, and cash receipts) are monitored and reported on in a timely and accurate manner
• Closely manage and monitor organizational cash flow
• Maintain accounting policies, procedures and practices manual; ensure those systems are consistently applied to ensure the integrity of data and accurate record keeping, as well as compliance with all applicable tax and government compliance provisions
• Facilitate transactions among the Foundation’s 100+ Donor Advised Funds, utilizing customized third-party donor portal; communicate closely with Donor Services Manager to continually report to donors on fund activity
• Collaborate with operational staff to ensure the effective use of data, software and other technology
• Manage bookkeeper with a hands-on approach and attention to detail
• Participate actively in BCF’s cross-departmental racial equity working groups
• Attend team and all-staff meetings
Due to the coronavirus pandemic, the Finance Manager role will be a remote position through at least June 2021, and interviews will be conducted via Zoom. The Foundation plans to resume in-person operations when it is safe to do so, and the position will then be based in the Foundation’s office in Crown Heights, Brooklyn. BCF will provide at least one month of advance notice before the return to in-office operations.
The Foundation offers an excellent benefits package, which includes generous paid time off, employer-paid health, vision, dental and life insurance, and a vibrant, dedicated, and flexible work environment.
Salary range: $80,000-100,000 annually (which will be prorated based on 25-hour/week schedule).
Abilities and Competencies
• High level of personal and professional integrity; discretion in working with confidential information
• Ability to work both independently and as a part of a collaborative team; to take both initiative and direction
• Familiarity with nonprofits, including grant-making organizations, charitable giving funds, and/or fiscal sponsorships
• Excellent written and oral communication skills with a broad range of constituents
• Keen attention to detail
• 6-8 years of relevant accounting experience; including staff supervision; CPA training a plus
• Experience developing and utilizing financial and operating metrics and performance reports to guide organizational decisions
• Demonstrated knowledge of not-for-profit accounting practices and regulations
• Experience undergoing both external and internal audits
• Experience managing general ledger, accounts payable, accounts receivable, payroll, income tax, and banking procedures in a nonprofit setting
• Experience using QuickBooks Pro and Microsoft Excel; Salesforce experience a plus
• Passion for creating opportunities for Brooklyn’s residents
• Commitment to the Foundation’s racial equity focus and core values
Email a cover letter and résumé to firstname.lastname@example.org listing Finance Manager in the subject line.