Director of Finance

Director of Finance

Employment Status: Full-time

Department: Operations

Reports to: Executive Vice President of Finance & Operations

Salary: $105,000 – $115,000 annually based on experience and qualifications, + benefits

FLSA Status: Exempt

Supervises: Senior Accountant;
Accounting Clerk

Location: Hybrid work environment. Office requirement is approximately 40%. This position has responsibilities that can only be completed in the office, which is based in Minneapolis. As such, the incumbent should be within commutable distance. As a community foundation with a statewide focus, community context is an integral aspect of creating effective strategies to achieve the Foundation’s mission. The incumbent to this position must reside within the state of Minnesota.

Access: The Women’s Foundation of Minnesota welcomes applicants to share if they have needs related to flexibility in the hiring process including alternate formats, accommodations, or any other type of modification.

The Director of Finance provides strategic and operational leadership for the Foundation’s financial management function, ensuring strong fiscal stewardship, effective systems, and sustainable financial practices that support the Foundation’s mission and long-term impact. This role oversees day-to-day financial operations, including financial reporting, budgeting, forecasting, accounting practices, cash and investment management, compliance, and financial analysis.

Working with and reporting to the Executive Vice President, Finance and Operations, the Director of Finance leads the implementation and continuous improvement of financial systems, policies, and internal controls to ensure compliance with applicable laws, accounting standards, and best practices for nonprofit and philanthropic organizations.

The Director of Finance translates financial information into meaningful insights that support organizational decision-making, identifies opportunities to improve processes and performance, and helps ensure financial resources are effectively aligned with strategic priorities. This role also provides leadership across financial operations, supports cross-functional organizational initiatives, supervises finance staff, and serves as a trusted partner to leadership, committees, and staff throughout the Foundation.

• Finance Management (20%)
  • Work closely with the Executive Vice President of Finance and Operations to implement policies and procedures ensuring smooth operations and compliance with laws and accounting standards.
  • Continuously monitor the foundation’s financial status and progress; communicate budget and variance reports; identify solutions and adjustments.
  • Generate monthly income, balance sheet, and cash flow statements consistent with GAAP and provide other financial reporting as needed.
  • Advise on risk management strategies, including insurance coverage and endowment management; serve as primary contact with investment consultant; supervise senior accountant and accounting clerk positions.
• Budget and Financial Planning (20%)
  • Manage the annual budgeting process, including analysis of previous-year data, project budgets, fiscal year-end forecasts, and multi-year budget planning; load budget into Financial Edge with cash flow projections.
  • Provide summary financial information for annual reports, web sites, grant reports, and related communications; manage restricted revenue releases per grant requirements.
  • Apply depreciation rates, recommend new GL accounts, process AP vendors, reconcile gift, cash, and pledge balances, and reconcile investment accounts.
• Financial Operations, Systems, and Internal Controls (20%)
  • Develop and maintain financial systems, policies, and procedures; oversee bookkeeping operations and records retention.
  • Recommend, implement, and maintain technology to support financial processes, such as banking portal, electronic invoicing, credit card processing, and vendor portals.
• Audit, Governance, and Organizational Partnership (20%)
  • Lead the annual accounting audit; coordinate preparation of audit documents including IRS form 990, Minnesota Attorney General Charities…