Vice President of Finance

Reporting to the COO, the Vice President of Finance (VP) serves as a member of the leadership team and oversees a team across finance, accounting, grants, and contracts. The VP will have the responsibility of managing an annual budget of $20+ million. The VP leads TWC’s ERP system, balancing compliance with innovation to ensure that internal systems and processes are effective and efficient. The VP is also responsible for overseeing the federal grants management with over 15 grants, leading and mentoring the finance/accounting team, and partnering with the leadership team to support planning for the ongoing advancement and sustainability of the organization.

The VP will need to be an expert financial leader, able to establish the vision and systems necessary for TWC’s long-term financial health and will collaborate and with multiple constituencies—the board, leadership team, and program leads. As the leader of finance, the VP will be responsible for establishing clear goals and benchmarks, as well as establishing and improving systems that are crucial for long-term institutional health across a range of internal teams and functions. The position requires a strategic thinker who clearly, confidently communicates the big picture and the nuanced details alike. The VP will need to balance a long-term view with immediate needs and challenges, in addition to having a passion for The Washington Center and comfort navigating a complex and evolving educational nonprofit organization.  

Key Job Functions

Financial Operations

  • Oversee the strategic and tactical financial operations for the organization, including annual budgeting and forecasting, the annual financial audit, and 990 Tax Return.
  • Assess and evaluate financial performance of the organization regarding short term and long-term operational goals, budgets, and forecasts.
  • Ensure timely and accurate submission of monthly financial statements, federal and private grant reporting, and other key financial data.
  • Review estimates and cost/benefit analyses in the areas of finance, grants, and contracts.
  • Manage financial planning and analysis, including actual to budget and rolling forecasts.
  • Manage cash flow planning process and ensures funds availability.
  • Represent TWC to banks, financial partners, institutions, auditors, and officials. Maintain banking relationships and strategic alliances with vendors and business partners.
  • Negotiate the organization’s indirect cost rate agreement.
  • Report regularly to the COO and the President on short-term and mid-term financial operations and sustainability.
  • Provide strategic recommendations to the President and COO based on financial analysis and projections, cost identification and allocation, and revenue/expense analysis.

Compliance Oversight 

  • Ensure compliance with all aspects of federal grants and ensure TWC's policies and procedures are compliant with federal grant requirements.
  • Ensure compliance with all aspects of fundraising including allocation of all fund ties. I.e. endowment, scholarship and all directed funds. 
  • Ensure the organization’s policies and procedures reflect strong and effective internal controls, including signatory authorities.
  • Remain current on audit best practices as well as state, federal, and local laws regarding organization operations.
  • Identify and manage business risks and insurance requirements.

Strategy and System Design

  • Supervise creation of reports, dashboards, software implementation, and tools for budgeting and forecasting.
  • Identify, acquire, and implement systems and software to provide critical financial and operational information.
  • Create and establish yearly financial objectives that align with the organization’s plan for growth and expansion and provide insight for both short-term and long-term growth.
  • Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets.
  • Direct the planning, development, and implementation of grant proposals, budgeting, analyses of grant-related activities and performance, grant progress and final reporting requirements, and expense and vendor contract authorizations.

Leadership

  • Serve on the leadership team, providing counsel to the President and the senior staff team.
  • Supervise an accounting team, setting clear and specific performance goals and expectations, and periodic performance reviews.
  • Primarily responsible for planning, communications, and reporting to the TWC's Finance Committee of the Board of Trustees
  • Conduct an assessment of the current team structure and develop and implement a more efficient and effective team model.
  • Report out to the Board as requested by COO and the President.

Required Education and Experience 

An equivalent combination of education, training, and experience will be considered. 

  • At least 10 years of proven managerial experience at both the strategic and tactical level in financial management 
  • Bachelor’s degree in Finance, MBA or relevant advanced degree 
  • Proven accounting or finance background
  • Experience with federal grant accounting, reporting and compliance.
  • Demonstrated commitment to diversity, equity and inclusion and supporting employee professional development
  • Proven people manager with strong track record coaching, empowering, and developing staff and supporting a culture that is respectful, fast-paced, and mission-driven
  • Personal qualities of integrity, credibility, transparency and commitment to values, mission and vision

Preferred Education/Qualifications and Experience

  • CPA preferred
  • High preference for experience with Salesforce CRM
  • Nonprofit experience preferred

Knowledge, Skills and Abilities

These are not reflected in the competencies but are critical to the successful performance of the job. These may be representative but not all inclusive of those commonly associated with the position:

  • Strategic thinker with an open and collaborative style of leadership.
  • Ability to anticipate emerging issues and proactively implement policy and programmatic solutions.
  • Demonstrated understanding of effective yet scalable accounting operations and of GAAP with emphasis on non-profits
  • Experience with variety of technologies to support the overall accounting, treasury, and financial reporting functions
  • Well-developed oral and written communications skills
  • Commitment to outcomes, deadlines, and technical excellence; supporting staff to reach same benchmark
  • Independent thinking, analysis, and decision-making skills
  • Ability to balance the demands of big-picture strategy with a day-to-day orientation to important details.
  • Highly collaborative with excellent relationship-building skills.
  • Exceptional customer service orientation and able to foster a resourceful, proactive, and results-oriented culture within and across teams.

Supervisory Responsibility

This position supervises a team of at least 3 staff members

Equipment Used to Perform the Job

May be representative but not all inclusive of those commonly associated with this position:

  • Standard office equipment including a computer and job-related software 

Physical Abilities

Commonly associated with the performance of the functions of this job. Reasonable accommodation can be made to enable individuals with disabilities to perform described essential functions of this job. These physical demands are representative of the physical requirements necessary for an employee to successfully perform the essential functions of this job.

  • Specific vision abilities required by this job include close vision to work on a computer. While performing duties of this job, the employee is regularly required to work on a computer, use repetitive wrist, hand, and/or finger movement, and talk or hear.  

Application Instructions

To apply to this position, please submit your materials here or contact Angie Sessoms of Koya Partners at asessoms@koyapartners.com. All inquiries and discussions will be considered strictly confidential.

This job description no way states or implies that these are the only duties preformed by the employee occupying this position. Employees may be required to follow instructions and to perform other job-related duties as requested, subject to all applicable state and federal laws.

Certain job functions described herein may be subjected to possible modification in accordance with applicable state and federal laws.

Please note that we participate in E-Verify and upon hire, will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S.

The Washington Center is an Equal Opportunity Employer. It is the policy of The Washington Center to provide equal employment opportunities without regard to race, color, religion, sex, national origin, age, disability, marital status, veteran status, sexual orientation, genetic information or any other protected characteristic under applicable law. Provisions in applicable laws providing for bona fide occupational qualifications, business necessity or age limitations will be adhered to by the organization where appropriate.