Finance Manager

POSITION SUMMARY

The Klarman Family Foundation is thrilled to announce they are now seeking applications and nominations for their new Finance Manager. This position is a cross-functional role managing the Foundation’s finance and accounting functions, supporting human resources compliance, and contributing to the continued refinement of systems and processes of the operations team. The ideal candidate will have demonstrated experience with annual budget preparation, financial modeling, general ledger oversight, internal controls, tax preparation, and process improvement.

With the Foundation moving $117MM out the door last year, this is an exciting and unique opportunity to use honed skills to make a difference in the charitable sector.

The Finance Manager will report to the Director of Finance and Administration.

At The Klarman Family Foundation, we seek to identify areas of unmet need and to advance solutions to addressing them. We believe passionately in the promise and importance of creative thinking, strategic leadership and strong organizations to help bring about change. Our intention is to help people thrive in vibrant and healthy communities.

• We approach our work both with a seriousness of purpose and evaluative rigor, and also with an openness to tackle issues in new ways and the flexibility to make adjustments along the way.
• Because society’s problems seem to be compounding rapidly, we approach our work with a sense of urgency and willingness to invest based on the opportunities to make a difference rather than the limits of an annual grant-making budget.
• We believe that the preservation of democratic norms lies at the core of all of our work.
• We value acting in partnership with other funders. We view these relationships as opportunities to learn and leverage greater impact. We apply what we learn to improve our philanthropic practices and outcomes.

The Foundation’s grant making spans several areas of interest. The issues we are addressing are complicated, requiring new and creative thinking and persistence over time. As we are committed to learning and assessing our impact, these categories and our specific strategies within them will evolve. Our dedication to applying best practices in philanthropy will remain unchanged.

The essential responsibilities of this position include, but are not limited to:

Manage finance, accounting, compliance, and internal control functions of the Foundation, including:

• Manage annual operating budget; partner with managers on budget to actual performance
• Prepare and present financial reports for leadership, including financial modeling and forecasting
• Oversee P&L activity
• Direct cash flow management; communicate proactively with internal and external teams
• Coordinate annual tax preparation process in partnership with tax preparer
• Support and act as a thought partner to the Director of Finance and Administration, providing input on strategy, team priorities, agendas, and cross-organizational collaboration
• Oversee day-to-day responsibilities of the Foundation’s outsourced accounting firm
• Maintain excellent internal controls; regularly assess for continuous improvement and adherence
• Reconcile and review monthly financial reporting
• Point of contact for financial inquiries, both internal and external
• Manage ongoing upkeep and regularly review and improve documented policies and procedures
• Oversee inventory management process for tracking supplies and other assets
• Maintain the Foundation’s financial contracts, including document management and tracking for renewal

Work closely with the Foundation’s outsourced Human Resources Consultant to ensure compliance of payroll and benefits, including:

• Oversee the Foundation’s biweekly payroll administration
• Project-manage onboarding and offboarding processes, with support from the Foundation’s outside HR Consultant
• Support employee leave administration with the Foundation’s outside HR Consultant
• Manage trainings related to benefits and human resources compliance
• Complete and submit annual benefits filings (e.g., Form 5500) and surveys related to…