Director of Finance

Director of Finance

Reports to:

Chief Financial Officer

Supervises:
Controller (who supervises the accounting team)

Status:
Full-time, Exempt

Leadership body:
Operating Committee

The Director of Finance is a senior finance leader responsible for the integrity, transparency, and strategic stewardship of the Alaska Community Foundation’s financial operations. Working closely with the Chief Financial Officer, this position oversees fund accounting, financial reporting, internal controls, and regulatory compliance within a complex community foundation structure that includes donor-advised, restricted, endowment, and agency funds. The Director of Finance brings deep technical expertise in nonprofit GAAP and the ability to translate complex financial data into clear, actionable insights for leadership, board members, and stakeholders.

The Director of Finance reviews, analyzes, and reports on the Foundation’s financial activity and supervises the Controller, who owns and executes the monthly and year-end close. The Director supports the CFO above and the Controller below—setting standards, reviewing results, and providing analysis and reporting—without performing the mechanics of the close. Close matters are routed to the Controller for execution.

This position partners closely with executive leadership to ensure that the Foundation’s financial systems, policies, and reporting frameworks support organizational strategy, donor intent, and long-term sustainability. As a member of the Operating Committee, the Director of Finance contributes to cross-functional planning and organizational decision-making, and serves as a key bridge between the finance function and non-finance staff, program teams, and development and donor stewardship partners across the Foundation.

• Serves as a strategic finance partner to the CFO, providing actionable financial insights to support decision‑making and long‑term organizational sustainability.
• Supports the CFO in long‑range financial planning, scenario analysis, risk assessment, and organizational sustainability modeling.
• Contributes to enterprise‑wide initiatives, including system implementations, policy development, and operational improvements.
• Translates technical financial concepts into clear guidance for non‑finance staff, leadership, and board audiences.

• Provides oversight and technical review of fund accounting across donor‑advised funds, restricted and unrestricted funds, endowments (including principal and spendable classifications), and agency and held‑for‑others funds in accordance with FASB ASC 958‑605 and FASB ASC 958‑810, with day‑to‑day execution performed by the Controller and accounting team.
• Ensures accurate classification and reporting of net assets with and without donor restrictions, including complex transactions such as multi‑year pledges, discounting, and contribution revenue recognition.
• Reviews and analyzes the monthly, quarterly, and annual financial statements prepared by the Controller, and presents them to the CFO.
• Delivers timely budget‑to‑actual reporting at organizational and departmental levels, including year‑to‑date and period‑specific analysis.

• Sets close standards and continuously improves the month‑end and year‑end close framework, and reviews the close executed by the Controller with a focus on accuracy, analysis, timeliness, and reporting—rather than performing close mechanics directly.
• Reviews reconciliations of all key accounts—including cash, investments, pledges receivable, and liabilities—completed by the accounting team under the Controller.
• Oversees cash management, including banking…