Finance Director

Job Description

 

Position Title: Director of Finance

Location: Washington, D.C.

Reports to: Chief Operating Officer 

Type of role: Full time

 

About Village Capital

Are you passionate about how entrepreneurship can solve important problems in the world? Village Capital, a grant-supported 501(c)(3), is the largest organization in the world supporting seed-stage, impact-driven startups. Since 2009, we’ve supported more than 1,200 entrepreneurs by tailoring programs to their needs and connecting them with investors that match their vision. 

 

Role Overview

 

The Director of Finance will report to the chief operating officer (COO) and be responsible for oversight of all finance, accounting and reporting activities for Village Capital, as well as providing forward-looking projections and guidance. The Director of Finance will work closely with the executive team and will be involved in creating presentations to the treasurer of Village Capital’s board of directors.

 

The Director of Finance will lead all day-to-day finance operations of a $6+ million budget and supervise one staff member as well as one third-party accounting services provider. They will have functional responsibility over accounting, accounts payable, accounts receivable, payroll, and grants administration, and ensure that Village Capital has the systems and procedures in place to support effective program implementation and conduct flawless audits.

 

This role will work closely with members of the program management team, partnerships team and people operations team, as well as the executive team, with the goal to educate them regarding finance and accounting procedures but also explore how to better integrate finance with organizational strategy.

Responsibilities 

• Financial reporting & analysis: Oversee the gathering and analysis of financial data. Present forward-looking guidance and accurate and timely financial reporting, including monthly flashes and quarterly and annual financial statements. Monitor progress and changes and keep the executive team informed of Village Capital's financial health and important trends that could influence the operating environment.

 

• Budget and planning: Lead the annual budgeting and planning process in conjunction with the COO and Chief Growth Officer (CGO). Coordinate and review all financial plans and budgets and present them to the executive team and board for adoption. Keep the executive and management teams abreast of the organization’s performance compared with plan and previous reporting periods.

 

• Cash management: Oversee organizational cash flow forecasting and manage cash reserves and lengthen cash runways by working in partnership with the fundraising and program delivery teams.

 

• Internal controls and legal: Ensure maintenance of appropriate internal controls and financial procedures. Ensure legal and regulatory compliance regarding all financial functions, including overseeing external legal services.

 

• Grant and contract management: Implement a robust contract review, program budget management and reporting system. Ensure that the contract billing and collection schedule is adhered to and that proposals and contract budgets cover full costs of operations.

 

• Accounting and audit: Supervise bookkeeping, accounts payable and receivable, expense management and third-party audit with Village Capital’s accounting services provider. Review and approve payments. Ensure practices meet and surpass accepted accounting principles and that the audit and tax filings are accurately completed on time.

 

• Team: Leverage strengths of direct reports, help to clarify roles and responsibilities, and develop and implement training programs in order to maximize and reach optimal individual and organizational goals. Provide leadership in strengthening internal communications with staff at all levels throughout the organization; create and promote a positive and supportive work environment.

 

Qualifications 

• Passion for supporting entrepreneurship as a means towards creating equity and long-term prosperity around the world

 

• Four to Six years of experience in non-profit (501(c)(3)) finance, ideally with a company involved in start-up support and investments

 

• At least three years in a manager-level role or above, including supervising a team, managing third-party service providers and presenting financial data to senior management

 

• Minimum of a BA or equivalent professional experience; CPA and/or MBA preferred

 

• Keen analytic, organization and problem-solving skills, allowing for forward-looking projections and strategic data interpretation vs. simple reporting

 

• A track record in grants management as it relates to compliance and reporting of government, corporate and foundation grants

 

• Technology savvy

 

• Strong interpersonal and communication skills; experience in effectively communicating key data, including presentations to senior management, board or other outside partners

 

• Ability and desire to translate complex financial concepts to individuals at all levels including finance and non-finance managers and team members