Finance Director directs an organization's financial policies, planning, reporting and controls. Oversees all financial functions including accounting, budget, credit, risk, tax, and treasury. Being a Finance Director generally is the second most senior finance executive. Requires a master's degree in accounting or finance or equivalent. Additionally, Finance Director may require the Certified Public Accountant (CPA) credential. Typically reports to chief financial officer (CFO). The Finance Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be a Finance Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)
DIRECTOR OF FINANCE
The Foundation for Hispanic Education (TFHE) seeks a Director of Finance, who will be responsible for managing the financial and business affairs of TFHE. Reporting to the Chief
Executive Officer, the Director of Finance will be a highly-analytical director, overseeing our organization’s financial planning and accounting operations. In this position, the Director of
Finance will not only be an accomplished accountant and proactive with TFHE finances, but will also be aware and provide advice on the best path of sustainability and growth for our organization.
Duties and Responsibilities:
● Stays up-to-date with research and current legislation, especially in California public schools in current business and finance management practices, including latest accounting standards, methods, policies and principles to meet TFHE, State & Federal standards & requirements.
● Ensures implementation of internal controls to safeguard spending and funding allocations.
● Communicates relevant accounting processes business operations with administration, teachers and staff, and will represent TFHE at business/finance meetings and workshops.
● In coordination with the leadership team, aligns duties to the mission of TFHE.
Budgeting & Financial Reporting
● Works with administrators and supervisors to develop the budget, and then monitors the budget-to-actuals throughout the year for fluctuations in income, expenses, purchasing, and special program funding and reporting.
● Prepares budget adjustments as changes occur during the year as necessary.
● Collaborates with the CEO in preparation for presentation of budget and financial related statements.
● Prepares and presents board reports and board agenda items as they relate to financial functions.
● Disseminates information to departments on financial conditions, purchasing, record keeping, and other ad hoc financial and operational reporting as needed
General Ledger Management
● Oversees TFHE accounting system and makes updates and adjustments on a as needed basis. Process and approve accountant’s journal transactions – code originating
documents, prepare journal entries with backup, review and reconcile accounts, and other related activities.
● Coordinates and ensures accruals are properly in place, as well as investigation of month-to month expense discrepancies.
● Preparing for yearly financial audits.
● Reviews & reconciles accounts on a monthly basis
● Demonstrate strong fiscal management to TFHE Board and the local distinct authorizer.
Transactional Accounting
● Collaborates with HR to produce accurate and timely processing of TFHE semi-monthly/monthly payroll.
● Maintains accurate payroll records and partners with the Human Resources department to ensure complete and accurate employee personnel files, including changes for new hires, pay rate changes and employment terminations.
● Owns Accounts Payable process, including managing vendor and contractor information, executing payment runs for approved invoices, processing manual checks as needed.
● Oversees accounts receivable and the receiving process including bank deposits.
● Proposes changes to current processes to streamline monthly close activities.
Qualifications:
● Master’s degree or equivalent. CPA preferred.
● 8 years of professional experience including substantial experience overseeing financial and operational systems.
● Firm commitment to and belief in TFHE mission; experience in a high performing charter school or education organization preferred.
● Advanced expertise in financial functions including accounting and controls, compliance, reporting, budgeting, grants management, financial modeling, and budget planning.
● Organized and execution-oriented with deep experience managing many moving parts and consistently delivering on time.
● Ability to oversee and manage multiple third party administrators and service partners.
● Demonstrated ability to both work autonomously and collaboratively with the leadership team.
● Strong leadership qualities
● Ability to work under pressure
● Excellent written and oral communication skills.
● Knowledge of education laws, school finance, governance and fundraising preferred.
● Organized project manager with the ability to multitask and prioritize effectively.
● Open to feedback, with willingness to take personal responsibility for functional operations and cross functional performance.
PHYSICAL DEMANDS AND WORK ENVIRONMENT
The position can be physically demanding. Reasonable accommodations may be made if requested in advance.
The Foundation for Hispanic Education does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or national origin in the administration of its educational or admission policies, financial aid distribution, or other school programs.
Compensation
$130,000 - $160,000
Benefits
Medical, Dental, Vision, Short/long term disability, life insurance, and 403b.
Job Type: Full-time
Pay: $130,000.00 - $160,000.00 per year
Schedule:
Experience:
License/Certification:
Work Location: In person
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