Finance Director

Grand Rapids Community Foundation in making positive, sustainable change. With its endowment, the Community Foundation supports local nonprofits, leads significant social change and helps donors achieve their philanthropic goals. Guided by our North Star, we believe for West Michigan to grow and prosper, we must ensure that everyone can apply their talents and creativity to fuel our future. By connecting across perspectives and overcoming inequities, we can build and sustain an inclusive economy and thriving community.

The Finance Director has a critical role in the daily management of accounting and investment activities,budgets, financial reporting and regulatory compliance and filings for the Community Foundation. Along with the Vice President and CFO, they will work closely with senior leadership and the Audit and Investment Committees to ensure members are up to date on the activities of the organization. The Finance Director will work cross departmentally for the purpose of preparing and sharing financial information for grant making and on donor gifts/pledges.

The Finance Director will maintain a strong knowledge of current regulations, strategies and metrics within the Community Foundation and financial sectors to ensure the organization’s financial health and stability so that the Community Foundation can accomplish its long-term goals and priorities.

The Finance Director will have an extraordinary understanding and commitment to the Community Foundation’s mission and North Star. They will have extensive experience working effectively with individuals from various cultural, social, and ethnic backgrounds. They will have a demonstrated ability and commitment to foster collaborative settings, effectively communicate around sensitive issues, possess cultural awareness, and be an active listener.

The essential functions include, but are not limited to the following:

• Manage all accounting, financial reporting and internal control processes,including accounts receivable,accounts payable,general ledger,fund management, annual audit, tax filings and accounting software.
  • Ensure all financial activities and reporting are in compliance with FASB and other accounting regulations, while incorporating best practices.
  • Prepare and occasionally present quarterly and annual financial statements and reports for leadership, committees and Board of Directors.
  • Oversee and approve the monthly reconciliation of cash and investment accounts, including allocating earnings to funds.
  • Calculate and allocate quarterly administrative fees on fund accounts.
  • Assist the VP & CFO in the annual audit process and reporting and preparation of IRS Form 990. Includes attending Audit Committee meetings, ensure members have meeting materials and record minutes.
  • Responsible for the creation and monitoring of the annual budget, work with leadership to develop departmental, granting, operating and organization-wide budgets. Provide regular budget-to-actual analysis and reporting to departments and leadership.
  • Manage and report on cash flow and forecasting to ensure organizational liquidity and stability.
  • Calculate spending rate for endowment funds and income available to spend.
  • Ensure accuracy offund statement templates.
  • Set up new funds in akoya
    
    GO (CRM software) ensuring appropriate coding.
  • Prepare quarterly dashboard reports.

• Assist the Vice President and CFO in the management of the organization’s investment managers, custodian and funds.
  • Attend Investment Review Committee meetings, ensure members have meeting materials and record minutes.
  • Oversee investment cash calland distribution requests.
  • Function as contact for banks, investment custodian, investment consultant, and investment managers.

• Maintain solicitation license in appropriate states and other compliance filings.
  • Collaborate with Development Department staff on gifts, pledges and forecasting for prospective funds.
  • Provide financial and operational information as required to Vice President & CFO and other senior leadership team members.
  • Monitor the Functional Time reporting…