Director of Finance

Director of Finance

 

Location: Remote

Employment Type: Full-time, exempt

Annual Salary Range: $118,200 - $135,000

 

Benefits: High-quality health and dental insurance, paid vacation, employer-matched retirement plan

 

The Organization

 

At Thrive Scholars, we provide high-achieving students from under-resourced communities the opportunities they need to thrive at top colleges and in meaningful careers.

 

Our comprehensive and data-driven program model focuses on the key inflection points that can be the difference between graduating from any college and graduating from a top college with the grades, degree, career skills, and network needed to thrive in any career. Thrive Scholars originated in Los Angeles as South Central Scholars (“SCS”) twenty years ago. Over this time, the organization has refined its program model and, in the last five years, has focused on expanding nationally; reaching more high-achieving students from under-resourced communities, growing the number of Scholars we serve; and deepening our program impact. Thrive Scholars has begun to grow its footprint with new summer program offerings in three additional cities. The organization has approximately 75 year-round employees and close to 200 summer employees.

 

The Position

 

The Director of Finance will help refine and steer our financial and operational strategies, ensuring scalable, effective and efficient day-to-day administration and long-term sustainability. You will manage a budget of approximately $20M and will partner closely with our out-of-house accountants to drive strong financial operations.

 

This is a full-time position and reports to the Chief Financial Officer. This role is fully remote.

 

Key Responsibilities:

 

Accounting

 

• Liaise with our outsourced accounting firm and direct the day-to-day accounting operations including oversight of accounts payable and receivable, payroll, and grant accounting

• Oversee the monthly, quarterly, and annual financial close process, ensuring financial statements and other reporting are accurately completed in accordance with Generally Accepted Accounting Principles (GAAP).

• Analyze and present financial statements generated to the CFO

 

Budgeting

 

• Lead the budgeting process, working with program and leadership teams to align financial resources with impact objectives

 

Revenue Reconciliation

 

• Work closely with the development team; support reconciling revenue and producing budgets and reports for proposals and grants. Assist with driving systems to track and manage revenue projections.

• Manage restricted and unrestricted funds, ensuring accurate tracking and compliance with donor and grant requirements. Ensure revenue is recorded in accordance with GAAP.

 

Annual Financial Audit

 

• Manage the process for external audit and preparation of annual consolidated financial statements and 990 in conjunction with outside auditors

 

Financial Planning + Forecasting

 

• Assist with financial planning and forecasting, working with the CFO, and other key staff to analyze current financial performance and project future needs, risks, and opportunities

 

Financial Controls + Systems

 

• Implement and maintain internal financial controls and processes

• Oversee financial systems, software, and process improvements for efficiency and accuracy

 

Financial Strategy

 

• Contribute to the development and execution of the organizational financial strategy

• Communicate complex financial information to non-financial staff in an accessible way

• Foster a culture of transparency, collaboration, and financial stewardship

Compliance

 

• Manage federal and state tax and employer registration and filings

 

Qualifications and Experience

There are innumerable ways to learn, grow and excel professionally. We respect this when we review applications and take a broad look at the experience of each applicant. The qualifications and experiences listed below are intended as a guide; we do not expect candidates to check every box.  If you believe you can meet the expectations and responsibilities of this position, we want to get to know you and the unique strengths you will bring to the work.

 

• 7-10 years of experience in nonprofit accounting principles and compliance requirements, including hands on accounting

• Bachelor’s degree in accounting

• Proficiency in financial, payroll, accounting software (e.g. Quickbooks Online, BILL, Limelight, Salesforce)

• Highly organized and detail-oriented

• Excellent analytical and problem-solving skills

• Strong written and verbal communication skills

• Commitment to Thrive Scholars mission

 

Compensation and Benefits

 

Thrive Scholars offers a competitive compensation and benefits package including high-quality health, dental, and disability insurance, three weeks of paid vacation (four weeks after two years of employment), and access to an employer-matched retirement plan. This is a full-time, exempt position.

 

Travel Expectations

 

This role can be based anywhere. This position will require occasional travel.

 

Equal Employment Opportunities

 

Thrive Scholars provides equal employment opportunities (EEO) to all employees and applicants for employment and prohibits discrimination and harassment based on race, color, religion, gender, gender identity, national origin, sexual orientation, age, disability, or veteran status. We strongly encourage people of all backgrounds to apply.

 

For more information, please visit thrivescholars.org