Director of Finance

Dallas, Texas, United States Full-time

The Director of Finance (Controller) is responsible for oversight of all finance and accounting activities for the organization: accounts payable & receivable, financial reporting and controls, annual audit, as well as grants/contracts administration. He/She will collaborate with leaders across the organization to maximize and strengthen the internal capacity of the Commit Partnership. These collaborations include:

  • Program leaders to support them with managing budgets, program operations and executing fiscal policies and procedures
  • Operations staff to streamline processes across the finance, HR and operations functions
  • Executive team and Board to develop the annual operating budget and provide insight into the financial health of the organization

Reporting to the COO, the Director builds/leads a team that is responsible for the following:

Accounting

  • Oversee all accounting activities of the organization and ensure compliance with appropriate GAAP standards (including GAAP for non-profit organizations) and regulatory requirements
  • Ensure internal controls are in place that protect the organization against fraud and provide accurate and complete financial reporting
  • Oversee management of grants and contracts, including compliance with funder requirements
  • Ensure that expenditures are consistently aligned with grant and program budgets throughout the grant period
  • Prepare financial reports for government, corporate and foundation grantors
  • Ensure vendors are paid correctly in accordance with their terms and related expenses are properly recorded
  • Assure that proper protocol exists for authorization of all transactions in accordance with the organization’s policies regarding dollar limits, budget requirements, internal controls and other criteria as may be applicable
  • Coordinate external audit and ensure compliance with all local, state, and federal government regulations and other applicable laws and requirements governing foundations and charitable organizations
  • Maintain compliance calendar to be sure required filings are on time and accurate, including but not limited to: payroll reporting, Form 990 reporting, Form 1099 reporting
  • Remain up-to-date on nonprofit best practices and state and federal law regarding nonprofit  organizations
  • Work to continuously improve the quality and efficiency of operational accounting services such as accounts receivable, payroll, accounts payable and purchasing

Finance Planning

  • Work with the Managing Directors of Operations and Philanthropy to develop and oversee the annual operating budget and cash flow projections
  • Plan, coordinate and execute annual budget development and lead forecasting process
  • Provide strategic financial input and leadership on decisions affecting the organization such as: evaluation of potential partnerships, program operations and financial investments


Financial Reporting

  • Develop and deliver timely and accurate financial reports and analysis to support decision-making across the organization and build the financial literacy of the team in the process
  • Consistently analyze financial data and present financial reports in an accurate and timely manner
  • Clearly communicate monthly, quarterly and annual financial statements
  • Monitor progress and changes and keep senior leadership abreast of Commit’s financial status
  • Administer and review all financial plans and compare to actual results with a view to identify, explain and correct variances as appropriate
  • Manage and track the performance of invested assets

 

Requirements

  • Minimum of a CPA and/or MBA
  • Minimum of 7 years’ experience in audit or accounting for nonprofit organizations
  • Knowledge of generally accepted accounting practices and principles, including GAAP for nonprofit organizations
  • Experience with nonprofit financial management, including strong understanding of managing donor-restricted funds
  • Knowledge of auditing practices and principles, as well as experience in performing or preparing for an annual audit

 

Qualifications

  • Unwavering dedication to Commit’s mission and alignment with the Organization’s core values of: Students First, Equity & Inclusion, Integrity, Humility, Systemic Impact and Joy
  • A proactive, hands-on strategic thinker that can assess gaps in processes and systems, and then recommend and implement solutions
  • Experience in change management preferred

Proven leadership skills: ability to influence and engage direct and indirect reports, business partners and supporters

  • Ability to recruit, develop and retain a diverse team: appropriately clarify roles and responsibilities, ensure that each individual can reach organizational goals, and delegate appropriately
  • Experience coordinating audit activities and managing reporting, budget development and analysis, accounts payable and receivable, general ledger, payroll, and accounting for investments
  • Keen analytic, organization and problem-solving skills which allow for strategic data interpretation versus simple reporting
  • Proven communication skills, with an ability to explain complex financial information to various stakeholders

 

About The Commit Partnership:

Founded in 2012, The Commit Partnership (“Commit” or “The Partnership”) has become the largest educational community-based collective impact organization in the U.S. as measured by either staff, by budget, or by total students supported (790,000+ ages 0 through 22). Encompassing 200+ partners across Dallas County, including almost every public school district, higher education entity and large foundation in the region, The Partnership also encompasses numerous independent private schools and public charter networks, businesses and educational non-profits. The Partnership’s overriding vision is relatively simple and straightforward: our community, working together, to ensure that all students receive an excellent and equitable education.

Over 100 different local, regional and national investors have supported the backbone to date. They include major foundations, high net worth philanthropists, and corporate partners, all of whom believe that investing in a dedicated backbone organization, armed with powerful data and the power to continually convene and align stakeholders, will lead to meaningful systems change as public and philanthropic funding streams align strategically behind what is needed to grow the number of students with a postsecondary degree or technical certificate.

While The Partnership’s current geographic scope is Dallas County, its early success has led to its recent agreement to support similar burgeoning efforts in Ft. Worth/Tarrant County (350,000 K-12 students) and Houston/Harris County (~900,000 K-12 students). Collectively, these three regions educate 1 in 3 children in Texas and roughly 4% of the nation’s K-12 population. When aligned in the future by common data and goals, these regions could prove a powerful force behind aligned advocacy to alter state public funding streams and key policies benefiting students.

Our Core Values

  • Integrity - We will act honestly and ethically in how we make both internal and external decisions, present data, and communicate with partners
  • Equity & Inclusion – We seek to help transform systems in ways that ensure every student has access to the resources they need.
  • Students First - Our decisions are guided by multiple stakeholders, but ultimately rest upon one question: What is in the best interest of students?
  • Systemic Impact – We are patient and persistent as we identify the most effective approaches to help create lasting systems change.
  • Humility- We embrace the fact that our community’s success depends on our ability to work cohesively with each other and to constantly learn.
  • Joy- It’s important we bring a constant sense of optimism and have fun while taking on this difficult work.

If this sounds like the opportunity for you, please complete the application, attach your resume, a one-page cover letter stating why you are interested in the role, and three (3) professional references. Inquiries regarding the position can be sent to careers@commitpartnership.org.

**For applicants applying on third-party sites, the application is linked here: Director of Finance posting **  (https://commitpartnership.recruiterbox.com/jobs/fk0jilt)

The Commit Partnership is an Equal Opportunity Employer that seeks to hire individuals with backgrounds similar to that of the stakeholders they serve. As an organization that embraces equity and inclusion, all employment decisions are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, gender, age, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, or any other status protected by federal, state, or local laws.