The Fund for Educational Excellence (Fund) is a nonprofit local education fund working to expand resources, identify and accelerate solutions, and recognize excellence so that all children in Baltimore City Public Schools (City Schools) experience an effective and equitable education. The Fund seeks to play a role in undoing decades of racially unjust policies that continue to have negative ramifications on the students who attend City Schools.
The Fund accomplishes this by securing philanthropic support for important projects within City Schools, researching the effects of policy on students and family while advancing community driven recommendations, and promoting excellence inside of schools. The Fund also serves as a fiscal sponsor to community groups, charitable nonprofits and private foundations. Fiscal sponsor services include: grant/project management, payroll/human resources, budgeting, financial reporting, audit/990 management, procurement and thought partnership.
The Director of Finance (DOF) is a new position at the Fund, created in response to significant growth over the past three years, with projected continued growth. DOF will be a hands-on position responsible for the accurate and timely management of accounting services to support the Fund and its fiscally sponsored clients. DOF will have a working relationship with the Director of Grants Management, Human Resources, and will provide a customer service approach to interacting with our internal and external fiscally sponsored clients. DOF reports to the Chief Financial Officer. DOF supervises one Finance Associate.
Essential Duties and Responsibilities
DOF will be responsible for the day-to-day management of all financial systems, ensuring accurate and timely monthly closes and adherence to internal controls and financial policies. DOF will assist in developing and maintaining adequate financial policies to comply with best-practices and grant compliance. DOF is a leadership position and will be a thought-partner to the CFO.
Account Payable Process
Manage multi-step and multi-staff AP process – from AP submission to cash disbursement
Manage vendor experience, database, communications and 1099 processing
Manage and maintain link between AP system (bill.com) and QuickBooks Desktop
Manage and maintain link between American Express, reconciliation system (Tallie) and QuickBooks Desktop
Monitor internal controls and coding consistency during AP process
Act as a knowledge resource to staff and fiscal clients on AP process
Account Receivable Process
Manage multi-step and multi-staff AR process – from AR booking to cash receipt
Act as a knowledge resource to staff and fiscal clients on nonprofit revenue recognition, including multi-year pledges, government grants and contracts, and fee-for-service contracts
Manage merchant service accounts and monthly booking
Prepare bank deposits
Coordinate with Director of Grants Management on budgeting tools and instructions
Review and advise clients and staff on grant budgets prior to submissions
Other Duties and Responsibilities
Prepare monthly financial reports for the CFO (Balance Sheet, Budget-to-Actuals, Cash Flow, Projections, etc.)
Manage monthly close process
Assist Director of Grants Management in standardizing the client monthly reports
Assist CFO in annual audit, Form 990 and compliance reporting
Journal Entry oversight, uploading into QuickBooks Desktop, compliance and standardization
QuickBooks Desktop Account and Class management
Research trends, processes, best practices, staff training and technology in support of CFO initiatives
Other duties as assigned
Bachelor’s degree or higher in Finance or Accounting. See Experience below if your degree is not in Finance or Accounting.
Minimum of 5 years of demonstrated experience in nonprofit accounting. More experience, especially in duties similar to the ones listed above, can offset a degree in another subject area.
Experience with QuickBooks Desktop, or another accounting system
Experience with bill.com AP system preferred but not required
Familiarity with exporting and manipulating large data sets in Excel
Knowledge of commonly used concepts, practices and procedures within the nonprofit finance field
Process and systems oriented
Basic understanding of fiscal sponsorship models
High ethical standards and values
Superior analytical skills with an eye for quality
Strong attention to detail with an ability to cross-check work before submission
Demonstrated ability to work collaboratively in a fast-paced, team-oriented environment
Exceptional customer service skills
Ability to balance competing deadlines and be flexible to multiple priorities based on client needs.
Understanding of and commitment to fight against systematic racial inequities
Applications for this position need to consist of a cover letter and resume. The cover letter should be addressed to Chuck Adkins and needs to be specific to this position. It should address how your experiences match the duties and qualifications. Please email materials to email@example.com
Submission deadline is 11:59pm on June 26, 2020 but will be reviewed on a rolling basis.
Additional Salary Information: The salary range for this position is $75,000 - $100,000 annually. A comprehensive benefits package is provided.
About Fund for Educational Excellence
The Fund for Educational Excellence is an independent nonprofit organization working to close the equity and opportunity gaps for all students in Baltimore City Public Schools. We believe that a strong public school system is the foundation for the health and success of Baltimore.
Founded in 1984 as Baltimore City’s only education fund, the Fund works as a trusted partner with the school district, students and parents, funders, advocates, and local nonprofits. This unique position allows the Fund to identify educational needs and complex issues, offer honest insight, develop creative solutions, and collaborate with a diverse group of community stakeholders to implement effective change. Our work offers a range of support programs and resources for Baltimore youth from early childhood through post-secondary education.