Job Description
Director of Finance (Nonprofit)
Title: Director of Finance
Reports To: Executive Director / Chief Executive Officer
Department: Finance & Accounting
FLSA Status: Exempt
This is a hybrid role. Applicants must reside in the DMV area (District of Columbia, Maryland, or Virginia) to be considered.
Position Summary
The Director of Finance is responsible for overseeing and executing the organization’s day-to-day financial operations, with a strong emphasis on nonprofit accounting, compliance, and reporting. This role blends Director-level leadership with hands-on Controller responsibilities, ensuring the accuracy, integrity, and timeliness of all financial activities.
The Director of Finance provides operational financial leadership, maintains strong internal controls, and ensures compliance with nonprofit, federal, and grant-related requirements. This role is highly execution-focused and is well-suited for a nonprofit finance professional who thrives in a hands-on environment and values mission-driven work.
Essential Duties and Responsibilities
Financial Operations & Accounting Oversight
- Direct and perform monthly, quarterly, and annual financial close processes
- Ensure accurate general ledger maintenance, reconciliations, journal entries, and supporting documentation
- Supervise accounts payable, accounts receivable, payroll processing, and cash receipts
- Maintain standardized closing schedules and checklists to ensure timely completion
Financial Reporting & Analysis
- Prepare and present monthly financial statements, budget-to-actual reports, and variance analyses to leadership and program teams
- Produce financial reports for executive leadership, program leadership, and Board or Finance Committee review
- Support preparation of audited financial statements and annual financial disclosures
- Respond to internal and external financial reporting requests
Budgeting & Financial Monitoring
- Lead the annual budgeting process for organizational and program-level budgets in collaboration with department managers
- Monitor actual revenues and expenditures against approved budgets, providing variance analysis and recommendations
- Support program managers with budget tracking, forecasting, and financial adjustments
- Maintain documentation supporting budget assumptions, revisions, and approvals
Compliance, Audit & Internal Controls
- Ensure compliance with GAAP, nonprofit accounting standards, federal regulations, and grant requirements
- Serve as primary finance liaison for independent auditors, DCAA auditors, and internal reviews
- Oversee preparation and filing of Form 990, payroll tax filings, and applicable state registrations
- Maintain, document, and enforce accounting policies, procedures, and internal controls
Cash Management & Financial Administration
- Monitor cash flow, and oversee bank and account reconciliations
- Manage banking relationships and authorized financial transactions
- Oversee credit card programs, expense reporting, and reimbursement processes
- Support insurance renewals and the financial aspects of employee benefits administration
Federal Grants & Contract Accounting
- Oversee financial tracking and reporting for federal contracts and grants, ensuring compliance with funder requirements
- Support indirect cost rate calculations, cost submissions, and required compliance reporting
- Ensure accurate labor distribution, timekeeping, and payroll allocation reporting for grant-funded activities
Team Leadership & Coordination
- Supervise and mentor accounting and finance staff assigning operational responsibilities and ensuring professional development
- Ensure work is completed accurately, timely, and in compliance with established policies and procedures
- Provide training, guidance, and oversight to promote consistency and compliance across finance operations fostering a culture of continuous improvement and adherence to best practices
Qualifications
- Bachelor’s degree in Accounting or Finance required
- Certified Public Accountant (CPA) strongly preferred
- 7-10 years of progressive nonprofit accounting and financial management experience
- Demonstrated experience with nonprofit audits, federal grants, and compliance requirements
- Strong proficiency in Excel and nonprofit accounting systems
Preferred Experience and Attributes
- Background in mission-driven or grant-funded nonprofit organizations
- Hands-on experience functioning in a Controller or senior accounting role
- Ability to balance leadership responsibilities with detailed accounting work
- Strong commitment to accuracy, accountability, and ethical financial practices
Compensation and Incentives
- We offer a salary range of $105,000 to $150,000, based on skills and experience.
- We offer competitive sign-on bonus of $5,000, subject to standard eligibility requirements.
Core Competencies
- Exceptional attention to detail and execution quality
- Strong organizational and deadline management skills
- Clear, professional written and verbal communication
- High integrity, discretion, and accountability
- Ability to manage multiple priorities in a dynamic nonprofit environment
Disclaimer
This job description is not intended to be an exhaustive list of all duties, responsibilities, or qualifications associated with the position. Responsibilities may change based on organizational needs.
Our Commitment to Diversity, Equity, Inclusion & Belonging
Nonprofit HR is committed to fostering and maintaining a work environment where diversity, equity, and inclusion (DEI) are fully integrated into everything we do for the benefit of our employees and the clients that we serve. To fully realize our goal, we prioritize our understanding of the complexities of DEI within our workforce to inform our approach to talent management. We believe that this guides how we do our work, advise our clients to operationalize DEI and position our content and educational opportunities help strengthen the talent management capacity of the social impact sector.
Continue reading our about our commitment at nonprofithr.com/deinow.
