Director of Foundation Finance

Director Of Foundation Finance

Under the direction of the VP Institutional Advancement /Executive Director of the Foundation (VPIA/ED), The Finance Director provides leadership and responsibility for all financial matters of the Bellevue College Foundation (Foundation) in accordance with applicable Generally Accepted Accounting Principles, Federal and State regulations and BC policies. This position is responsible for providing counsel, financial insight, reporting, and strategic support to the senior leadership of the Foundation and serves as the liaison between the Foundation and Bellevue College Finance department; manages relationships with investment counsel, financial services firms, auditors, and other entities supplying goods and services to the Foundation; manages daily, weekly, monthly, quarterly and annual processes relating to $25'30M equity and approximately $5-7M annual cash flows.

The salary information shown above is a general guideline only. The salary will be determined based on candidate's qualifications and related experience, as well as market and business considerations. Typically, new hire starts no higher than $119,976/year based on Bellevue College Exempt salary schedule.

We offer comprehensive compensation package with salary and benefits as the main components. Generous benefits are offered through Washington State plans that includes multiple medical, dental, life and disability coverage choices for employees and dependents; choices of retirement and deferred compensation plans; paid holidays, sick, and vacation plans; transit program, reduced tuition, employee discounts and memberships, etc.

The employee is scheduled to work 40 hours per workweek. This position is exempt from the overtime provisions of the Fair Labor Standards Act, which means that you are not eligible for overtime pay.

Bellevue College is a vibrant, student-centered institution located just 10 miles east of Seattle. Serving one of the most diverse student populations in Washington - we are proud to reflect the global community we serve.

As an employer, Bellevue College is committed to fostering a workplace where employees feel valued, supported, and empowered. We believe that our faculty and staff are essential partners in fulfilling our mission, and we prioritize professional growth, collaboration, and innovation in everything we do. Employees at Bellevue College benefit from opportunities to expand their skills, contribute to meaningful work that changes lives, and engage in a community that is deeply committed to inclusion.

We are dedicated to creating an environment where creativity and innovation thrive, and where the contributions of every employee help shape both the success of our students and the vitality of the region. At Bellevue College, you will find a community that supports your goals, values your voice, and celebrates your impact.

The Bellevue College Foundation is a nonprofit 501(c)3 organization dedicated to supporting Bellevue College and its students. Its mission is to foster educational excellence and student success by generating financial resources, building community partnerships, facilitating access and removing barriers to quality education. Through fundraising and partnerships, the Foundation helps individuals achieve their educational and professional goals by investing in scholarships, programs, and initiatives that foster success and innovation.

The Foundation provides scholarships, safety nets, program enhancements, and supports faculty and staff development and recognition. It works with the college, donors, alumni, businesses, organizations, and community. The Foundation is part of the Institutional Advancement Division, the external facing division of Bellevue College. The IA Division includes Marketing, Communications, Public Relations, Creative Services, Web Editing, KBCS radio station, and the Bellevue College Foundation.

Accounting systems design, development, implementation and operation

Design, develop, install, integrate, coordinate and maintain all Foundation financial tracking systems.

Provide hands-on management of Foundation financial systems including accounts payable, accounts receivable, allocations, closings, and reconciliations.

Produce periodic and on-demand financial statements for Board, senior development staff.

Report to College Units/Departments/Programs on their fund balance(s). Collaborate on spending plans and payments to and from the College.

Communicate and coordinate with the Bellevue College Finance office in order to process payments to the College, and accept reimbursements from the College to the Foundation. Coordinate with college programs, departments, and clubs to establish and manage funds at the Foundation.

Coordinate with Bellevue College Finance office to develop and improve documented coordination processes to align with best practices.

Regulatory compliance, filing, reporting and audits

Interpret and apply Not-for-Profit Generally Accepted Accounting Principles (GAAP), governmental, industry, funder and institutional regulations; continuously monitor best practices in not-for-profit governance, operations, and finance and GAAP rulings to keep Foundation practices current.

Maintain investment policies that comply with the Uniform Prudent Management of Institutional Funds Act (UPMIFA).

Coordinate work with outside auditors and tax preparers to produce external reporting to federal and state agencies including annual audits, IRS 990 state charities filings, including preparation of GAAP compliant statements and schedules substantiating all filings; reports to funders as required.

Maintain the Foundation's financial policies.

Financial analysis, forecasting and budgeting

Identify pertinent data, analyze complex financial and statistical data, create multi-variable models and forecast outcomes for senior management and Foundation board leadership; prepare budget proposals based on those models and forecasts.

Coordinate budgets between Foundation, Bellevue College, Institutional Advancement and KBCS.

Financial leadership for the Foundation

Coordinate with investment counsel to manage cash flow and investment reporting for the Foundation.

Provide financial and strategic counsel to the VPIA/ED, and Foundation board leadership.

Serve as staff liaison to the Foundation Finance committee of the board.

Work effectively to accomplish goals set by the board Executive Committee, Finance Committee and the Treasurer, such as reporting & budgeting timeliness and detail. Timely audit and tax return filing, Investment return, some risk assessments, and policy and process improvements.

Budgets & Purchasing

Develop operating budgets for the Foundation.

Monitor Foundation spending; advise, and report on the actuals to budget.

Prepare Foundation contracts and purchasing documentation.

Ensure effective and compliant purchasing practices and procedures are followed

Other

Perform other duties as assigned.

Minimum Qualifications

Bachelor's degree in Accounting, Public Administration, Business Administration or similar. Relevant work experience can be substituted on a year-for-year basis.

Experience in progressively responsible accounting/financial positions, specifically in not-for-profit.

Five years (5) experience conducting or supporting not-for-profit audits and IRS 990 preparation.

Five years (5) experience providing direct support to a not-for-profit Board of Directors and providing financial insight and strategic support to senior executives.

Demonstrated proficiency with complex multi-fund organizations in an Enterprise Resource Planning (ERP) accounting software.

Demonstrated ability to integrate multiple financial record keeping systems.

Demonstrated proficiency in implementing efficiencies and workflow improvements.

Proficiency in the use of various technologies, including Microsoft Office Suite (Word, Advanced Excel, SharePoint, Outlook).

Demonstrated ability to work effectively with diverse groups and demonstrated commitment to cultural pluralism.

Strong communications background.

Preferred Qualifications

Licensed Certified Public Accountant (CPA) or equivalent experience in a not-for-profit environment.

Experience with a not-for-profit that is financially interrelated with a government agency (Financial Accounting Standards Board and Governmental Accounting Standards Board).

Experience at a community college or other post-secondary educational institution.

Experience with Abila MIP not-for-profit accounting software.

Experience with Blackbaud Raiser's Edge donor management system.

Working knowledge of planned giving vehicles and endowments.

Conditions of Employment

Bellevue College intends to provide a drug-free, healthy, safe, and secure work and educational environment. Each employee is expected to report to work in an appropriate mental and physical condition to perform her/his/their assigned duties.

Bellevue College employs only U.S. citizens and lawfully authorized non-U.S. citizens. All new employees must show employment eligibility verification as required by the U.S. Citizenship and Immigration Services.

Sexual Misconduct and Background Check:

Prior to start of employment, finalists(s) for this position will be subject to a pre-employment background check as a condition of employment. Information from the background check will not necessarily preclude employment, but will be considered in determining the applicant's suitability and competence to perform in the position.

Applicants considered for this position will be required to disclose if they are the subject of any substantiated findings or current investigations