Managing Director of Finance - Foundation List

TITLE: Managing Director of Finance

LOCATION: New York, NY (Lower East Side)

REPORTS TO: Chief Executive Officer

SCHEDULE: Onsite M-F, generally 9-5, some nights or weekends as-needed

SALARY RANGE: $175,000 to $200,000 annually depending on experience, plus excellent benefits

DATE POSTED: December 2024

OVERVIEW: Grand St. Settlement (GSS) seeks an entrepreneurial and ambitious Managing Director of Finance to lead the organization's financial strategy during a period of significant growth. Our ideal candidate is excited to grow with us, initially overseeing the outsourced company that has been managing our finances, with the goal of building an in-house finance team over the next three years. A passion for our mission is critical: To expand opportunities for low-income families and individuals by providing culturally relevant services that support community-building, advocacy, self-determination, and an enriched quality of life. The Managing Director of Finance will play a central role in our continued growth and ensure our ability to deliver on that promise.

OUR CULTURE: At Grand St., we believe leaders are made, not born. We operate on auto trust, expecting staff to do their jobs well and continue to grow professionally. We assume the best intentions and give grace whenever needed. Diversity, equity, and inclusion are integral to our culture and personified by our leadership. Grand St. is a community; we strive to make everyone—colleagues and constituents—feel supported and seen.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

The job duties fall into four categories:

FINANCIAL LEADERSHIP & STRATEGY:

• Lead financial operations and develop strategies that align with GSS's objectives.
• Collaborate with CEO and executive team to implement financial strategies that drive growth and support our mission.
• Direct budgeting, forecasting, and financial planning to optimize productivity and manage costs.
• Oversee multi-million dollar budget and maximize public funding opportunities.
• Oversee liquidity management to ensure sufficient operating reserves.
• Ensure timely submission of all accounts receivable to ensure cash flow.
• Identify and mitigate financial risks.

GRANTS & COMPLIANCE MANAGEMENT:

• Advocate for financial needs through strategic planning.
• Develop grant budgets and manage funding allocation to ensure expense coverage and compliance.
• Ensure compliance with legal and regulatory standards, and deliver accurate and on-time reports for government funders and auditors.
• Submit accurate and timely Indirect applications to federal agencies to maximize indirect funding available for each grant.
• Prepare financial reports to Foundations and private funders.
• Collaborate with Development Team on grant management and reconciliation of contributions.

TEAM LEADERSHIP & OPERATIONS:

• Build in-house finance team, including Controller and Director of Grants Management.
• Supervise Director of Administration, Controller, and Director of Grants Management.
• Provide leadership to each department head in establishing and monitoring their department budget.
• Manage outsourced finance services (provided by BTQ Financial and Consero Global), auditor relations, and compliance requirements.
• Proactively oversee agency’s audits with BTQ team.
• Develop and monitor payroll allocations, indirect and administrative costs.
• Manage variance meetings with BTQ.
• Foster excellence and continuous improvement within the finance team.

REPORTING & STAKEHOLDER MANAGEMENT:

• Deliver financial reports to Board of Directors, Finance Committee, and senior leadership.
• Manage relationships with auditors, financial institutions, and stakeholders.
• Enforce financial policies to ensure departmental budget compliance.

SKILLS + KNOWLEDGE:

• You are dynamic, thoughtful, and creative, with an entrepreneurial spirit and strong work ethic.
• You take ownership of your work, think strategically, take thoughtful action, and require minimal direction and oversight.
• You are coachable and committed to feedback as an integral part of continued growth and improvement.
• You have excellent analytical, problem-solving, and decision-making skills.
• You are an effective communicator who can clearly explain financial information to financial and non-financial stakeholders and listen respectfully.
• You are a leader with outstanding interpersonal skills and an ability to inspire and motivate a team.
• You care about people and the state of the world and want to contribute to Grand St. Settlement's mission, growth, and legacy.

EDUCATION + EXPERIENCE REQUIREMENTS:

• A bachelor's degree in accounting, finance, etc.; an MBA or MPA is strongly preferred.
• CPA, CFA, or other financial certification is a plus.
• At least 10 years of progressively responsible experience in financial management, with at least 5 years in a nonprofit organization.
• Must have experience with grants management—City, State, and Federal, and with publicly funded organizations of $20M+.
• Strong leadership and management skills, with experience building and leading high-performing teams.

BENEFITS:

• Generous medical insurance coverage
• 5% employer contribution to our 401k plan after one year
• 24 vacation days annually, four discretionary days, and 12 sick days annually
• Guaranteed life insurance and voluntary long-term disability insurance
• Flexible spending accounts