Director of Finance

Director of Finance Employment Status: Full-time Department: Operations Reports to: Executive Vice President of Finance & Operations Salary: $105,000 – $115,000 annually based on experience and qualifications, + benefits FLSA Status: Exempt Supervises: Senior Accountant; Accounting Clerk Location Location: Hybrid work environment. Office requirement is approximately 40%. This position has responsibilities that can only be completed in the office, which is based in Minneapolis. As such, the incumbent should be within commutable distance. As a community foundation with a statewide focus, community context is an integral aspect of creating effective strategies to achieve the Foundation’s mission. The incumbent to this position must reside within the state of Minnesota. Access Access: The Women’s Foundation of Minnesota welcomes applicants to share if they have needs related to flexibility in the hiring process including alternate formats, accommodations, or any other type of modification. Summary The Director of Finance provides strategic and operational leadership for the Foundation’s financial management function, ensuring strong fiscal stewardship, effective systems, and sustainable financial practices that support the Foundation’s mission and long-term impact. This role oversees day-to-day financial operations, including financial reporting, budgeting, forecasting, accounting practices, cash and investment management, compliance, and financial analysis. Working with and reporting to the Executive Vice President, Finance and Operations, the Director of Finance leads the implementation and continuous improvement of financial systems, policies, and internal controls to ensure compliance with applicable laws, accounting standards, and best practices for nonprofit and philanthropic organizations. The Director of Finance translates financial information into meaningful insights that support organizational decision-making, identifies opportunities to improve processes and performance, and helps ensure financial resources are effectively aligned with strategic priorities. This role also provides leadership across financial operations, supports cross-functional organizational initiatives, supervises finance staff, and serves as a trusted partner to leadership, committees, and staff throughout the Foundation. Essential Functions: Role Specific Finance Management (20%) Work closely with the Executive Vice President of Finance and Operations to implement policies and procedures ensuring smooth operations and compliance with laws and accounting standards. Continuously monitor the foundation’s financial status and progress; communicate budget and variance reports; identify solutions and adjustments. Generate monthly income, balance sheet, and cash flow statements consistent with GAAP and provide other financial reporting as needed. Advise on risk management strategies, including insurance coverage and endowment management; serve as primary contact with investment consultant; supervise senior accountant and accounting clerk positions. Budget and Financial Planning (20%) Manage the annual budgeting process, including analysis of previous-year data, project budgets, fiscal year-end forecasts, and multi-year budget planning; load budget into Financial Edge with cash flow projections. Provide summary financial information for annual reports, web sites, grant reports, and related communications; manage restricted revenue releases per grant requirements. Apply depreciation rates, recommend new GL accounts, process AP vendors, reconcile gift, cash, and pledge balances, and reconcile investment accounts. Financial Operations, Systems, and Internal Controls (20%) Develop and maintain financial systems, policies, and procedures; oversee bookkeeping operations and records retention. Recommend, implement, and maintain technology to support financial processes, such as banking portal, electronic invoicing, credit card processing, and vendor portals. Audit, Governance, and Organizational Partnership (20%) Lead the annual accounting audit; coordinate preparation of audit documents including IRS form 990, Minnesota Attorney General Charities report, and other required filings. Support the Financial Leadership Committee, sub-committees, and Audit Committee; develop and align financial dashboards and KPIs. Operational and Administrative Support (10%) Administer payroll, volunteer time off balances, and process timecards. Oversee filing of IRS 5500 forms and other benefit reporting; administer employee 401(k) plan. Manage vendors for supplies, technology, office space, and furniture; train staff on financial operations and record retention; administer SharePoint site. Propose software upgrades, project manage construction and technology installations. Essential Functions: Organizational (10%) Act as an active member of the Foundation staff, working collaboratively and communicating openly and honestly. Perform projects and tasks assigned by the Executive Vice President of Finance and Operations. Participate in learning on diversity, equity, inclusion, and antiracism. Attend Women’s Foundation of Minnesota events as required or requested. Job Specifications Education and Experience Bachelor’s degree in Accounting preferred. MBA or CPA desired. Minimum of seven years of financial management required. Knowledge of nonprofit or foundation environment, including restricted revenue and endowment management. Experience with Financial Edge accounting software a plus. Understanding of donor advised funds preferred but not required. Knowledge, Skills and Abilities Proficiency with cloud-based financial management systems; experience with Blackbaud Financial Edge. Proficiency with Microsoft 365 with expertise in Excel required. Strong aptitude for learning software tools. Initiative and solution-focused attitude, positive contribution to team. Excellent interpersonal communication and relationship building with board members, volunteers, staff, donors. Ability to manage multiple tasks and projects simultaneously. Ability to work closely with others and maintain confidentiality. Effective time management to meet deadlines with flexibility. Strong general office and organizational skills; detail-oriented. Commitment to WFM’s mission, integrated teaming, direct communication, and sense of humor. Physical Requirements Regular use of computer and frequent written and verbal communications. Accurate information exchange, visual ability to review detailed reports. Occasional movement around the office to access files and equipment; lift up to 10 lbs. Hearing and speaking for telephone and communication. Sit at a desk for extended periods. Manual dexterity for keyboarding and office equipment use. Flexible work hours, including overtime, evenings, and weekends as needed. Willingness to attend events on evenings and weekends. Tools & Equipment Used Company-based laptop, multi-line telephone application, calculator, copy machine, other office equipment. Blackbaud software: Financial Edge accounting, Raiser’s Edge donor, Foundation Cloud grantmaking, Microsoft 365, and other software. How to Apply Send resume and cover letter to View email address on click.appcast.io. Applications accepted through June 15, 2026, or until filled. Please note that WFM participates in E-Verify, which is a service to confirm employment eligibility. This process will occur after an offer of employment is extended. #J-18808-Ljbffr