Director of Finance

Job Description

Job Description

About This Role

The Director of Finance oversees the church's financial operations with integrity and transparency, ensuring accurate and timely financial reporting and adherence to Christian values. Specific responsibilities include those listed below, with flexibility to adapt to emerging needs.

Key Responsibilities

• Enter all financial transactions into the approved accounting system, maintaining detailed and accurate records.
• Accurately process weekly contributions and other deposits, allocating them to the correct funds.
• Prepare quarterly statements for donors and annual tax statements, ensuring compliance with relevant regulations.
• Disburse funds in accordance with the Cross-Campus Partnership's guidelines.
• Manage invoicing and check issuance for payments.
• Setup and maintain payroll for church and preschool employees.
• Prepare payroll every two weeks.
• Monitor the operating and money market accounts, reviewing monthly statements to identify discrepancies and ensure accuracy before the Assistant Treasurer performs the formal reconciliation.
• Track and record pledges for stewardship campaigns and their fulfillment.
• Collaborate on the preparation of the annual budget.
• Closely monitor cash flow and initiate necessary fund transfers.
• Review monthly investment reports from banks and the Virginia United Methodist Foundation, accurately recording investment entries.
• Prepare end-of-year payout calculations for the Endowment Committee.
• Reconcile monthly staff Visa statements, ensuring all receipts are included and charged to the correct account.
• Provide requested financial reports for each campus to church leadership.

Tax Preparation and Payment

• Pay bi-weekly State and Federal taxes for the church and preschool.
• Prepare 941 and VA16 quarterly returns for the church and preschool.
• Prepare W-2s and 1099s, reconciling W-3 and VA-6 with W-2s for the church and preschool.
• Install and update financial management and tax software.
• Perform new fiscal year procedures, recording the new budget, preparing payroll adjustments, and adjusting recurring transactions to reflect changes.

Annual Audit

• Coordinate with the BUMC Finance Team to select a firm or individual for the annual audit.
• Work directly with the auditor, providing requested data and reports.
• Receive audit results and draft a report.
• Collaborate with the BUMC Finance Team to review the audit report and take necessary actions to implement the auditor's recommendations, as approved by the Finance Team.

Financial Reporting and Communication

• Submit monthly and annual reports to the Virginia Annual Conference.
• Attend finance meetings when invited.
• Provide additional information and data as requested to church leaders.
• Prepare reports and communicate budget and expenditure information to committees and staff.

Undergraduate degree in a field related to business, accounting, or finance.

Previous experience in bookkeeping or accounting.

Proficiency in Microsoft Office software.

Alignment with the church's Christian values.

Experience working in a church or non-profit setting.

• Full time employment includes the opportunity for health insurance and retirement account benefits.