Director of Finance
Position Title: Director of Finance
Date Posted: March 2023
FLSA Classification: Exempt
Reports To: CEO/President
Position Overview and Qualifications:
Reporting directly to the President/CEO and regularly to the Board of Trustees, the Director of Finance is responsible for the management of the school’s financial accounting and reporting, treasury functions, and business operations. The Director is a strategic member of the President’s Council, supporting Board level committees and collaborating with school leaders to advance and sustain Cornerstone’s mission and vision. The Director is an ex-officio member of the Board of Trustees and serves as the Board Treasurer. The Director is expected to establish and maintain relationships with school personnel, Trustees, key donors, financial institutions, the investment community, and school students and families as required.
A. Financial Accounting and Reporting
- Financial Accounting and Reporting – Maintenance of QuickBooks accounting system and preparation of financial reports requiring familiarity with GAAP for not-for-profit entities, including the use of restricted accounts. As required, preparation of reports to accrediting organizations.
- Budgeting, Projections, and Forecasts – Preparation of annual operational and capital budgets for use by management and the Board of Trustees; preparation of projections and forecasts.
- Tax Compliance – Coordination of tax compliance associated with not-for-profit entities, including annual filing of IRS form 990 by external accountants.
- Reports to Management and the Board of Trustees – Preparation of periodic reports relating to financial matters for the CEO, Board of Trustees, and committees of the Board.
- Payroll Accounting – Oversight of payroll accounting system including coordination with external payroll services and related tax compliance.
- Annual Audit – Planning, coordination, and completion of annual audit of the financial statements by independent accountants.
- Internal Controls – Responsible for maintaining and improving internal controls, policies, and procedures.
B. Treasury Functions
- Cash Management – Management of treasury functions including ongoing cash management and banking functions. Will maintain and develop systems for cash management.
- Accounts Receivable Management – In coordination with the CEO and Director of Development responsible for management of a range of revenue sources including tuition, contributions, grants, and scholarships sources.
- Accounts Payable – Management of purchasing, vendors, and payments.
- Investment Management – Coordinating with outside investment advisors, responsible for management and oversight of investment functions as related both to ongoing operational funds, reserve funds and long-term investments including those associated with the endowment fund.
C. Business Operations
- Risk Management – Oversight of the school’s risk management and insurance programs, including property and liability, directors, student, workman’s compensation, and employee health and disability.
- Human Resources – Will work closely with the Human Resources manager on HR policies, practices, and documentation, as well as managing employee compensation and benefits.
- Development – Will work closely with the Director of Development to manage donations and other revenue sources.
- Property Management – Coordinating with the Property manager, responsible for coordination of property related matters, especially as related to capital budgeting.
- Bachelor’s degree in business or accounting and a minimum of five years of relevant experience, preferably with a non-profit organization.
- Ability to communicate effectively with senior management, Board members, school personnel, parents, students, and representatives from the business and financial services communities.
- Self-directed, highly motivated, and able to manage multiple functions and activities.
- Ability to think and plan strategically and creatively.
- Working knowledge of business accounting and financial planning policies, procedures, and practices.
- Fully capable in application and management of financial software programs, including QuickBooks and Excel.
- Experience with payroll systems, a plus.
- Working knowledge of Pennsylvania tax credit systems including the Education Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC), a plus.
- Demonstrate a willingness to grow professionally and personally.
- Belief in and commitment to the mission and vision of Cornerstone Christian Academy.
Interested candidates are to send a letter of interest and current resume to: firstname.lastname@example.org