Our client is a leading nonprofit organization whose mission is to provide individuals with opportunities to develop leadership skills, personal growth, and self-esteem. If you are looking to make a positive impact with young children and empower them to be leaders for generations to come… Our client wants you on their leadership team!
We are currently recruiting for a talented Controller/Director of Finance and Risk Management for their location in downtown Los Angeles, CA.
If you have a Bachelor’s degree in Accounting or Finance and over 10 years of progressive experience in accounting including mentoring a staff of 15 and have a minimum of five years with a nonprofit organization, please submit your resume in Word format to careers@ragerresources.com.
Position Summary
The Controller will report to the CFO and manage accounting activities, finance reporting, auditing, forecasting, budgeting, risk management and leading an accounting and finance team.
Financial Management – Understanding of GAAP, advanced financial and accounting skills, and ability to comprehend, analyze, and interpret financial statements and related information.
- Reviews financial transactions (e.g., payables, general ledger entries, chart of accounts, grants, and restricted donations) for accuracy and to ensure they have been recorded in the proper period.
- Establishes and maintains internal controls and financial policies to monitor and safeguard assets.
- Oversees cash flow planning, transfers of funds, and banking relationships to ensure availability of funds as needed.
- Monitors financial reports at the appropriate level to ensure they are in line with organizational goals and budget.
- Provides financial consultation to Fund Development Team for grant funding, such as preparing or reviewing budgets, reports, or evaluation.
- Manages the auditing engagement by organizing and providing requested documentation, ensuring timely completion and approval.
- Along with the CFAO, supports the Finance and Audit Committees of the Board around fiduciary responsibilities and provides information/recommendations.
- Prepares Dashboards and calculates trends and metrics of initiatives and special projects (e.g., cookie sales, special events, and fundraising) to identify problems or opportunities.
- Develops forward-looking, predictive models and activity-based financial analysis to provide insight and direction for operations and business plans.
Financial Reporting – Ability to prepare, comprehend, analyze, and interpret financial statements and commentary according to GAAP.
- Prepares monthly financial statements to ensure they are timely and accurate.
- Prepares financial information for internal and external audiences (e.g., Board, Board committees, donors, SMT, staff) to verify that it is relevant, timely, and accurate for decision making.
- Prepares federal, state, and local tax and information returns from staff or third-party vendors to ensure they are timely and accurate.
- Oversees the annual financial audit and 403(b) audit and other audit activities; coordinates issuance of annual financial statements, compilation of tax returns including Form 990, and writes responses to the auditor’s management letter.
Investments – General understanding of how the market operates, working knowledge of investment strategies, different types of investments, current market conditions, and economic projections.
- Manages investment activity with external investment manager and finance/investment committee to make sure the investment manager stays within the investment strategy/policy.
- Monitors and stays informed of market activity in conjunction with CFAO and Finance/Investment committee in order to monitor investments and the performance of investment managers.
- Monitors operating reserves to align with investment strategy and council needs.
- Responsible for fixed assets accounting and related depreciation calculations.
Risk Management – Ability to understand, analyze, and identify risk strategies (e.g., internal controls, insurance, contracts, policies, and procedures). Manages risk and compliance by arranging for internal and external audits and tax and information filings.
- Reviews vendor contracts and agreements to reduce operational and reputation risk for the council.
- Manages the process of vendor approval for first-time vendors, through multi-level approvals and timely review.
- Anticipates, analyzes, and provides recommendations concerning strategy to minimize potential exposure for the organization and secure appropriate insurance coverage.
- Develops/documents internal control framework which includes policies and procedures to minimize risk.
Staff Management & Development
- Oversees the hiring, training and supervision of staff including staff performance reviews, and planning performance goals.
- Encourages and supports cross-functional work with all departments to maximize success in achieving the Council’s strategic priorities.
- Work cooperatively and effectively with others to set goals, resolve problems, and make decisions.
Skill, Experience & Education
- Bachelor’s degree in Accounting or Finance required or significant experience in lieu of education.
- CPA strongly preferred (active or inactive status).
- Minimum of 8 years progressive experience in accounting with a minimum of 5 years in a nonprofit organization.
- Minimum of 5 years in a leadership role as Director of Finance/Controller.
- Previous supervisory and managerial responsibilities.
- Excellent verbal and written communication skills, including public speaking.
- Advanced Excel skills required.
- Hands-on experience with nonprofit accounting software; Abila MIP experience a plus.
- Ability to travel throughout the region.