Director of Finance

Foster America | Flexible, California or Massachusetts

Background

Foster America: Who We Are

Foster America is a nonprofit startup that aims to improve the lives of our nation’s most vulnerable children: youth in foster care and other children, who have been abused, neglected or orphaned. We recruit talented professionals who bring skills and perspectives from other sectors that child welfare agencies need to innovate and evolve: data and technology, design and marketing, finance, and strategy and operations. We give these professionals the training and tools they need to succeed as 18-month, full-time fellows in child welfare agencies across the country. In the short term, fellows lead local reform projects that require their specialized skills to make a measurable impact. In the longer term, we will help to scale the innovations fellows develop and build a movement of fellowship alumni who will help transform the child welfare system. Within three years, we will recruit over 100 new leaders to the field. To date, Foster America has launched three cohorts of fellows, who are presently serving in 20 different agencies across the country.

For more information about Foster America, please see our website: www.foster-america.org.

Job Summary

Role Overview: Who You Are

You are a proactive, strategic, and seasoned leader with significant nonprofit finance and operations experience who believes in the power and possibility of government innovation. You value racial equity and you are committed to creating better and more equitable outcomes for our nation’s most vulnerable children and families. You bring an analytic and strategic approach to financial operations and you are able to lead long-range planning, annual budgeting, monthly forecasting, and financial analysis activities. You have experience launching and leading initiatives at a nonprofit with an annual budget of at least $5 million and multiple funding sources, including government revenues contracts, restricted and unrestricted grants, individual donations, and in-kind support. You strive to maximize organizational impact, sustainability, and scalability.

Reports To

Executive Director and Chief Program Officer

Responsibilities

What you’ll do:

The Director of Finance will join the team at an exciting time as Foster America will soon transition from its fiscal sponsor and begin to operate as an independent nonprofit. Working closely with both our Executive Director and Chief Program Officer and serving on the senior leadership team, her/his work will range from day-to-day financial oversight to long-term strategic planning. The Director of Finance will focus on the following:

  • Finance
    • Oversee budgeting, financial forecasting, and cash flow; align financial management with short-and long-term financial planning and projections
    • Monitor existing monthly and annual financial reporting materials and metrics, created in partnership with our fiscal sponsor, the Tides Center (Tides)
    • Lead the organization’s spin off from Tides to an independent nonprofit with support and guidance from external advisors
    • Engage the leadership team and Board to define key performance indicators for financial health
    • Revise fiscal policies and procedures with Board approval, and conduct a risk assessment
    • Manage an outsourced accounting agency to ensure proper oversight of cash flow, compliance, monthly reconciliation processes and annual reporting
    • Oversee a professional employer organization (PEO) to ensure effective personnel operations including payroll, workers’ compensation insurance, and benefits.
  • Strategy
    • Build a strong foundation for strategic planning efforts, providing recommendations based on financial analysis and projections, cost identification and allocation, and revenue/expense analysis
    • Prepare and communicate financial results to the leadership team, board, partners, and donors; provide recommendations to drive strategy decisions
    • Provide materials and conduct financial review discussion at board meetings
    • Contribute to impact assessment data collection, analysis, and reporting to ensure continuous improvement
  • Operations
    • Develop and oversee administrative, and financial procedures, identifying opportunities for operations improvement efforts
    • Oversee organizational transition from financial sponsor to independent nonprofit
    • Coordinate with all contractors and service providers to ensure accurate contract and invoicing operations

Qualifications

How Others Might Describe You:

  • Able to translate financial analysis into strategic recommendations and support effective decision making
  • Strong relationship management experience working with board members, staff, fellows, and financial partners
  • Passion for operations improvements to drive the effective and efficient use of resources
  • Creative problem solver working towards long-term solutions with a sense of flexibility
  • Demonstrated leadership ability, and strong interpersonal skills
  • Excellent analytical and abstract reasoning skills
  • Strong communication (written and oral), and organization skills

Education/Experience:

  • A strong track record of producing results in prior related roles
  • MBA and/or Master’s degree and Bachelor’s degree in business, finance or operations preferred
  • Significant experience in finance and operations in a nonprofit environment

Work Environment:

  • This is a full-time position based in San Francisco, CA or Boston, MA
  • This position will require occasional domestic travel
  • As a geographically dispersed team, our work is frequently conducted by phone, video, and email

How to Apply

To Apply:

Please send a cover letter and resume with your full name and “Director of Finance” in the subject line to careers@foster-america.org.

Foster America, a project of Tides Center, is an “at-will” and equal opportunity employer. Foster America does not discriminate and takes measures to ensure against discrimination in employment, recruitment, advertisements for employment, compensation, termination, promotions, and other conditions of employment against any employee or job applicants on the bases of race, religion, sex, national origin, ethnicity, age, mental or physical disability, sexual orientation, gender (including pregnancy and gender expression) identity, color, marital status, veteran status, medical condition, or any other classification protected by federal, state, or local law or ordinance. Reasonable accommodation will be made so that qualified disabled applicants may participate in the application process. Please advise in writing of special needs at the time of application.

Foster America

RECOMMENDED FOR YOU

Organization: Nonprofit Organizations