Director of Financial Operations

Organization Overview

Who We Are:

Commonwealth Corporation is a quasi-public workforce development agency that strengthens the skills of Massachusetts youth and adults by investing in innovative partnerships with industry, education and workforce organizations. Their main objectives include:

• Building regional industry partnerships to train youth and the unemployed for in‑demand jobs, boosting their job opportunities.
• Improving workforce skills to meet employer requirements, leading to more competitive businesses, job growth, and better wages.
• Engaging youth in pathways for post‑secondary education and future careers.

The Director of Financial Operations provides strategic and operational leadership for the organization’s core financial management functions, including fiscal monitoring, compliance, contracts and procurement, and budgeting.

As part of a quasi‑public organization, this role ensures that financial operations are transparent, compliant with statutory and policy requirements, and aligned with the organization’s mission and strategic objectives. While the Director of Financial Operations does not oversee the organization’s Controller and direct reports, the position works collaboratively with those functions to ensure accurate financial data, consistent reporting, and effective financial decision‑making.

Reports to:

Vice President of Finance

Department:
Finance

Classification:
Full-Time, Exempt

Work hours:

40 hours per week - Hybrid

Starting Salary: ($105,000 - $130,000). Employer contributes 13.2% of gross salary to a 401(a)-employee retirement plan (Vested 100% on day 1 of hire).

• Strategic and Operational Leadership
• Lead the planning, coordination, and execution of financial operational strategies, policies, and procedures that support effective stewardship of public resources.
• Collaborate with the VP of Finance, Controller, and other leaders to strengthen financial processes, reporting accuracy, and internal controls.
• Provide expert advice and analysis to executive leadership and the Board on fiscal operations, budget performance, and financial risks.
• Serve as a senior resource on compliance and fiscal management issues across the organization.
• Provide flex support on other financial strategic projects as needed.

• Lead the organization’s annual budget process, ensuring accuracy, transparency, and alignment with strategic priorities.
• Provide ongoing budget monitoring, variance analysis, and forecasting to support management decision‑making and present findings to the eight Program Directors on at least a quarterly basis.
• Prepare and present financial and budgetary reports to the VP of Finance, CEO/President, and Board.
• Collaborate with program leadership to ensure resources are allocated effectively and financial data reflects actual operations.

• Oversee fiscal monitoring and compliance functions to ensure adherence to applicable state, federal, and grant requirements.
• Review financial data to identify inconsistencies, ensuring corrective actions are taken in coordination with the Controller’s Office.

• Supervise and mentor managers and staff within fiscal monitoring, compliance, contracts/procurement, and budget teams.
• Foster collaboration across divisions and maintain strong working relationships with accounting and program units.
• Promote process improvement, professional development, and operational excellence.

• Minimum of 8–10 years of progressively responsible financial management experience, including supervisory responsibility.
• Experience in a public or quasi‑public environment with responsibility for budget, compliance, procurement, and fiscal oversight.
• Demonstrated ability to collaborate effectively with accounting functions without direct supervisory authority.
• Proactive approach to resolving challenges.
• Strong understanding of public sector finance, budgeting, compliance, and procurement laws and practices.
• Working knowledge of accounting principles and financial reporting sufficient to identify and resolve data inconsistencies.
• Excellen…