Director of Finance​/Controller

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last updated 10 months ago first posted about 1 year ago

reporting structure: reports to executive director

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20fathoms is a non-profit technology hub and startup incubator in northern michigan. Our mission is to accelerate the growth of innovative and scalable startups and entrepreneurs in northwest michigan. We do this by delivering essential startup services, providing a community workspace, and connecting entrepreneurs with crucial resources that facilitate business growth.

with emphasis on a team-first, energetic culture, we provide space and resources conducive to creativity and innovation, where high-potential entrepreneurs and innovation experts convene, learn, create, launch, and grow. 20fathoms is here to support and accelerate the success of hard-working founders, taking their “fathom” from concept, to market, to scale and beyond. Not to be mistaken for a simple “coworking space”, we provide advanced educational programming, invaluable networking opportunities, access to startup capital, and helpful business coaches and mentors to continually boost startup companies through their next stages of growth.

emphasis on executing the right work with meaningful results:

reporting to the executive director, the director of finance serves as the controller and manages key accounting functions including budgeting, forecasting, financial reporting, payroll with hr, internal controls, and compliance. Senior level oversight and management of all of the organization’s financials, including grant and subsidiary investment fund financials. The role involves supporting the board of directors and working closely with the leadership team, overseeing the daily financial operations of the non-profit organization, and leading one finance staff member.

Will ensure compliance with nonprofit accounting standards and regulations, while aligning financial decisions with the organization’s mission and goals.

critical top-level objectives are:

financial management & reporting – managing organization’s finances by tracking income, expenses, assets, and liabilities, and communicating information through comprehensive financial statements to include; balance sheets, income statements, and cash flow statements and striving to ensure stakeholders have visibility into budgets and all relevant financial data to make informed decisions based on that data.

compliance & risk management -ensure adherence to all applicable laws, contracts, and best practices. Identify, evaluate, and mitigate risk via review of internal and external policies and procedures.

internal controls & financial policies – ensure procedures, and processes are designed and followed to safeguard organization’s fiscal integrity. Validate the accuracy of financial reporting, promote compliance with regulations, and maintain operational efficiency by preventing errors and verify adherence. Provide reasonable assurance that financial information is reliable and trustworthy;key components include separation of duties, proper documentation, regular reconciliations, and risk assessment practices.

leadership & team management - guide and motivate direct report to achieve shared goals effectively, encompassing both the ability to set a vision and inspire. Display skills to organize, delegate tasks, and ensure smooth execution within the organization to maximize productivity and collaboration with a solution orientated mindset.

key responsibilities:

• collaborate with the executive director, leadership team and board of directors to support long‑term financial strategies aligned with the organization’s…