Vice President of Finance
Work Schedule: Full time with occasional weekends and evenings.
Compensation: $90,000 – $110,000 based on experience. We offer excellent benefits including health, dental, 401K match, paid time off, and flexible work culture.
Reports to: CEO
Board Committee Responsibilities: Audit; Investment and Finance
The Community Foundation brings together local nonprofits, caring donors, and community leaders to contribute financial resources and innovative ideas to benefit all the people of Park City—now and in the future. Park City Community Foundation plays a vital role in solving our community’s most challenging problems and we are looking for a Vice President of Finance to join our mission-driven, growing organization.
The Vice President of Finance is a new position, and they will serve as the business partner to the CEO, staff and board, providing insight on a broad range of financial and operational matters, within the context of our community foundation structure. This is a hands-on and participative role, leading a small team (consisting of a part-time Finance Director and full-time Operations Manager) to deliver financial and operating systems and services to safeguard assets and ensure staff can successfully deliver programs and services in alignment with our strategic plan and annual action plans.
Beyond finance and accounting, the Vice President of Finance oversees fund management for all funds including Donor Advised and program funds, investment support, operations and technology, and human resources. The VP of Finance is also responsible for the financial management of our fiscal sponsorships.
The VP of Finance serves as the Foundation’s primary liaison for bank relations, audit/tax services, investment custodian, Council on Foundations’ legal counsel, and shares responsibility for fundholder relations.
SPECIFIC RESPONSIBILITIES INCLUDE:
Financial Management and Reporting
- Maintain current knowledge of legal and tax issues affecting community foundations, our donors, and implications for grantmaking and strategic initiatives.
- Serve as a thought partner to the CEO and VP of Philanthropy and provide projections on outcomes, mission impact, and ROI when new opportunities present – support leadership in evaluating fiscal strategy for donors and various gifting or revenue-generating avenues.
- Ensure accounting practices and resultant records support financial reporting in accordance with generally accepted accounting principles.
- Maintain and administer accounting policies and procedures; oversee the day-to-day accounting and internal control activities of the Foundation.
- Develop annual operating budget and program fund budgets, coordinating with all staff and primarily with the CEO, Finance Director, and VPs to ensure the budget supports the attainment of strategic priorities for the coming and subsequent years.
- In partnership with Finance Director, monitor results compared to budgets and provide monthly reports to the CEO and Board of Directions, explaining variances.
- In partnership with Finance Director, prepare monthly forecasts for operations, grants, fiscal sponsorship and provide monthly reports on projection changes to the CEO and Board of Directors.
- Serve as the manager and lead contact of the annual audit and Form 990 preparation, framing the financials and preparing the reconciliations of all fund activity, and working with the team to deliver requested schedules, documents, and files; coordinates audit committee participation in pre-and post-audit discussions.
- Continuously oversee and manage controls, transaction accuracy, and risk management in the finance and fund departments to ensure an annual unqualified Audit Report is issued and an accurate and compliant Form 990 is filed.
- Manage complex gifts administration. Work with VP of Philanthropy, CEO, donor, legal counsel, and board ensuring requirements are met for audit and tax purposes.
- Support decision making, along with CEO, regarding accepting Fiscal Sponsorships. Take lead on determining financial implications and opportunities with said sponsorships.
- Develop strategies for improving the Foundation’s accounting system and reporting capabilities to provide Management, the Board, and donors with insightful analysis of the Foundation’s operations, investments, and programs.
Fund Management and Investment Council Support
The VP of Finance will work in conjunction with the CEO and the Foundation board to set the financial and investment objectives of the Foundation. The Investment & Finance Committee of the board is tasked with developing and recommending to the board the financial principles, plan, and courses of action that provide for mission accomplishment and organizational financial well-being. The VP of Finance will recommend updates to these policies and procedures as well as take direction from the board as to their implementation.
- Serve as Community Foundation expert with respect to endowed and non-endowed funds, as well as fiscal sponsorships; maintain current, legally conforming fund agreements and information for prospective fundholders, both individual donors and nonprofit organizations.
- Work with prospective fundholders interested in establishing funds at the Community Foundation to identify donor objectives, consider best fund structure, and prepare fund agreements.
- Together with Philanthropy team and Finance Director, steward established fundholders, maintain periodic communications, facilitate the issuance of grant recommendations submitted by donor advisors; oversee distributions of spending allocations from endowed funds.
- Oversee the Foundation’s relationship with its investment including reviewing investments, supervising investment allocations, and reviewing investment management fees.
- Ensure that the Foundation’s endowment investment strategy is in line with the Foundation’s objectives and culture.
- Provide insight for Foundation management and board into current trends concerning non-profit investment strategies focused on sustainability, DEI, and impact investing.
- With Finance Director, monitor cash flow requirements and manage Foundation cash to maximize investment opportunities.
- Prepare and provide monthly cash flow forecast of the Foundation’s unrestricted funds to Management and Board of Directors.
- Manage Accreditation process ensuring best practices are in place and reflected in policies.
Technology and Human Resources
- With Operations Manager, identify and assess opportunities for systems enhancement, utilization, and expansion.
- Partner with Operations Manager and CEO regarding the Community Foundation’s human resources and administration, enhancing professional development, compensation and benefits, performance evaluation, training, and recruiting.
SKILLS & QUALIFICATIONS:
- Personal qualities of integrity, credibility, intellectual curiosity, and mature judgment; core values align with Park City Community Foundation’s mission and strategic priorities.
- At least 5 years of experience in accounting and finance positions with increasing responsibility including staff management.
- Recent or current experience with nonprofit accounting and/or a grantmaking organization is required, and an understanding of fund accounting is helpful.
- BS in accounting or finance or equivalent work experience required; CPA is preferred.
- Overall background includes three or more years of broad financial and management responsibility and board relations experience.
- Willing to dive deeply into the realm of community foundation finance and legal considerations, to become the Foundation’s resource when crafting programs, structuring projects, or adapting approaches to meet community needs and opportunities.
- Excellent communication and relationship-building skills with an ability to prioritize, negotiate, and work with a variety of internal and external stakeholders.
- Ability to describe complex financial issues to individuals with varying degrees of financial background or knowledge.
- Ability to excel in a fast-paced work environment and adapt to changing needs of management, stakeholders such as donors and the board, and the community.
- Previous experience includes final responsibility for the quality and content of all financial data, reporting, and audit coordination for either an organization or a significant program area.
- Excels in an environment of collaboration; works well across and within teams.
- Technology savvy, including knowledge of database and funds management systems; keenly aware of security risks and protocols to manage exposure.
- Sensitive to needs of all staff; willing to listen, coach, connect, develop resources as needed by individual staff members from time to time.
- A successful track record in setting priorities; solid analytic, organization, and problem-solving skills which support and enable sound decision-making.
Park City Community Foundation is an equal opportunity employer committed to building a team that represents a diversity of thought, experience, and personal background. We believe in the advancement of equity, diversity, and inclusion and toward making Park City a place where all people can fully realize their aspirations. We encourage and seek applications from women, people of color, and bilingual and bicultural individuals, as well as members of the lesbian, gay, bisexual, and transgender communities. Applicants shall not be discriminated against because of race, religion, sex, national origin, ethnicity, age, disability, political affiliation, sexual orientation, gender identity, color, marital status, or medical conditions.
*All Park City Community Foundation employees are required to be fully vaccinated against COVID-19.
To apply, please submit your resume, cover letter, and participate in a digital interview at: https://parkcitycf.hirevue.com/signup/RuGZLMVwhrFjSHadp44BNz/. The digital interview is very casual, takes 30 minutes, and asks for a few written responses and video responses. It will help you learn more about us and you can re-record your video responses as many times as you like. If you have any technical or accessibility issues, please let us know and we can make a computer available to you. If you need assistance, please reach out to firstname.lastname@example.org.