Managing Director of Finance
Managing Director of Finance
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USD 135000 - 150000
1 Vacancy
Job Description
Job Title: Managing Director of Finance
Functional Team: Finance and Operations
Job Type: Fulltime
FLSA Classification: Exempt
Location: Hybrid in New York City (NY) Chicago (IL) Bay Area or Los Angeles (CA) Miami (FL)
Desired Start Date: 5/1/25
Direct Supervisor: Chief Operating Officer
Who We Are
COOP is building a diverse movement of upwardly mobile firstgeneration college grads overcoming underemployment through digital skills and peer connections. We want to reignite our nations promise of upward mobility for those who strive to achieve a brighter future for themselves and their familiesto ensure the American Dream is a reality for all. We connect un/underemployed firstgen college graduates to one anotherwithin cohorts and across generations of cohorts. By growing their peer professional networks members of our community achieve upward economic mobility by building the skills and connections they need for the careers they deserve.
Our intervention for underemployed graduates has produced compelling wage outcomes for thousands of firstgeneration and lowincome grads in New York California Illinois and Florida.
Within 12 months of program completion threeinfour COOP alumni are fully employed.
Learn more about COOP Careers here:
Our Workplace
COOP is an alumniled organization where we bring our authentic selves to work every day. Over 60 of our staff members have been program participants which translates into a workplace that is missiondriven with deep connections to our community. Rooted in the core values that comprise our three pillars of Head Heart and Hustle we approach our work with empathy curiosity and a shared sense of purpose.
Our teams span across NYC Bay Area Los Angeles Chicago and Miami. We come together virtually each month to create space for collective learning and professional development and regionally inperson each month to build connections. We approach our shared mission of overcoming underemployment with resourcefulness and optimism while bringing fun to the challenge.
What You Will Do
The Managing Director of Finance (MDoF) will lead the finance and compliance functions maintaining strong internal controls that minimize organizational risk and ensure longterm fiscal sustainability. The MDoF will oversee budgeting financial planning & analysis grants compliance audit and risk management while acting as a strategic partner to the senior and executive leadership teams.
This role is ideal for a missiondriven professional with deep knowledge and experience in nonprofit finance and compliance.
Who We Need
Responsibilities
Financial Management 40
- Develop and monitor annual budgets including forecasts and longterm financial planning
- Oversee accounting function (A/P A/R cash flow management etc.
- Lead the preparation of monthly quarterly and annual financial statements
- Provide timely and accurate financial reporting to executive leadership and Board of Directors
- Oversee internal financial systems (Concur Quickbooks bill etc. to ensure efficiency
- Support Development team with grants management via development of grant proposal budgets timely financial tracking and accurate financial reporting to funders
- Work closely with Talent team to manage payroll processing and compliance
Compliance and Risk Management 30
- Ensure compliance with federal state and local laws and regulations serving as a strategic thought partner to other functions to ensure compliance across the organization
- Manage all audit processes and related reporting (IRS 401k workers compensation etc.
- Develop and maintain policies to ensure compliance with controls and regulatory requirements
- Identify and mitigate financial and operational risks in collaboration with COO
- Ensure strong risk due diligence practices to support functional and executive decisionmaking
- Manage all legalrelated matters including contract due diligence and employee relations support
Strategic Functional Leadership 30
- Serve as organizational subject matter expert (SME) for all financial and compliance matters
- Manage and develop direct reports (currently Senior Staff Accountant and external Controller)
- Support strategic planning initiatives through financial modeling and analysis
- Build strong financial and compliance infrastructure to support organizational growth and scale
Qualifications:
Required Skills and Experience:
- Bachelors degree in Finance Accounting Business Administration or a related field
- 10 years of progressive experience in financial management preferably in the nonprofit sector
- Strong knowledge of nonprofit accounting principles (GAAP) and federal and state regulations
- Experience managing government contracts and private philanthropic grants
- Expertise in financial software (QuickBooks Sage Intacct Concur bill etc.
- Advanced proficiency in Excel and Google Sheets
- Proven track record of leading audits successfully and on time
- Experience managing risk and compliance frameworks for nonprofits
- Strong leadership communication and collaboration skills
- Ability to translate complex financial concepts to nonfinancial stakeholders
- Commitment to equity inclusion and social justice
Preferred Skills and Experience:
- MBA Masters in a related field CPA or equivalent graduate degree
- Familiarity with workforce development programs and funding structures
Who You Are
- Initiative and Results Driven Creates action plans to drive decisions that deliver results and enhance intended impact accounting for internal and external factors that might affect desired results and adjusting course as needed
- Data Mindset Understands and analyzes data; uses data to identify insights and implications to make datadriven decisions and inform operations/strategy
- Adaptable & Effective Change Manager Open to new ideas; responds to prepares for and embraces change effectively; supports/leads colleagues through change
- Strategic Thinker Considers the future of the organization proactively; weighs diverse inputs to inform strategy; identifies opportunities for efficiency improvement and innovation
- Resource Manager Makes decisions that effectively balance tradeoffs to ensure organizational impact and longterm fiscal sustainability
What We Offer You
- Base Annual Salary: $135000 $150000 (commensurate with experience)
- A generous and flexible vacation policy including holidays and office closures for Wellness Weeks the last week of December and first week of July
- 100 employerfunded comprehensive medical dental and vision coverage for you 80 employerfunded coverage for dependents)
- Flexible spending account benefits (healthcare dependent care and commuter)
- 401(K) retirement plan and 4 employer match eligibility to participate after one year of service
Hybrid Working Policy
COOPs hybrid workplace strikes a thoughtful balance between athome flexibility and inperson chemistry. Regular shared experience in person (structured and spontaneous) will enhance collaboration strengthen existing relationships and forge new ones within and across teams. Intentional casual and joyful moments together will infuse our culture with the sense of community that makes COOP unique and powerful and will collectively push us toward our shared purpose.
Currently all COOP team members are working remotely and attending a onceamonth inperson coworking and teambuilding day at our colocated space in lower Manhattan (Civic Hall 124 E 14th St New York NY 10003 for NYC team members and in San Francisco (Swissnex San Francisco Pier 17 The Embarcadero Suite 800 San Francisco CA 94111 for Bay Area team members or a mutually convenient coworking location for our Los Angeles Chicago and Miami team members.
Residency Policy
All employees must reside within commuting distance (approximately two hours) of a COOP Program site located in the following cities: Chicago Los Angeles Miami New York Bay Area and within the states of CA CT FL IL IN NJ or NY.
Diversity Equity and Inclusion
COOP provides equal employment opportunities (EEO) to all employees and applicants without regard to race color religion sex sexual orientation gender identity national origin age disability or genetics. We seek to build a diverse staff representative of the communities we serve. All qualified applicants are strongly encouraged to apply.
Required Experience:
Senior Manager
Employment Type
Full-Time
