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Director of Finance and Compliance

Institute for Market Transformation

Institute for Market Transformation

Full-time
Washington, DC, USA
130,000 – 140,000 USD per year
Posted on Friday, May 31, 2024

Job description: Status: Full Time Exempt, Salaried

Annual Salary: $130,000-140,000 paid monthly

Working Conditions: Full-Time Remote, 35hrs/wk, Occasional Domestic Travel, Technical Setup Provided (Laptop, Monitor, Accessories)

Benefits: Medical/Dental/Vision/Life Insurance, Disability Coverage, Paid Time Off, Matching IRA Contributions, Professional Development Assistance

Reports to: Chief Operating Officer

Member of the Operations Team. Currently includes Chief Operating Officer and Senior Accounting Manager

Position Description

The Institute for Market Transformation (IMT) is a national 501(c)(3) nonprofit organization on a mission to equitably decarbonize buildings in this decade to improve the livability of our communities. Our partnerships with local communities, government leaders, and businesses provide unique insights into how to make this vision a reality.

IMT is seeking a Director of Finance and Compliance to join our dynamic Operations team. They will oversee all aspects of financial management, ensure compliance with regulatory requirements, and be responsible for IMT’s strong financial standing. They will work collaboratively with the senior leadership team, development team, and program staff leads in budgeting and financial reporting. The Director will have expertise in non-profit accounting and compliance, excellent communications skills, and strong analytical skills.

This position is part of IMT’s senior leadership team and reports to the Chief Operating Officer. The Director will supervise the Senior Accounting Manager.

Responsibilities

Financial management and budgeting: Develop and maintain financial strategies and models to support strategic initiatives and strong, organization-wide financial standing. Prepare digestible annual and multi-year budgets and forecasts, ensuring alignment with organizational goals. Analyze financial performance and provide insights to senior leadership for effective decision-making. Set and monitor key financial metrics and implement corrective actions as needed. Oversee cash, investment and asset management. Lead cash flow planning and ensure availability of funds as needed. Collaborate with development team to ensure alignment between financial goals and fundraising initiatives. Maintain up-to-date budget templates and other internal financial and budgeting tools. Provide guidance and training to program staff on developing project budgets and perform final review of all budgets for accuracy. Maintain electronic documents such as final project budgets, contracts, financial reports, and other related financial records. Supervise and work closely with the Senior Accounting Manager to: Coordinate with external auditors on the annual audit process and ensure compliance with audit requirements. Oversee the preparation of accurate and timely financial statements in accordance with GAAP. Review and approve payroll, bank reconciliations and credit card reconciliations. Provide back-up support for monthly payroll processing. Maintain and execute invoicing process. Financial reporting Lead IMT’s board audit committee and provide monthly financial reports to IMT’s board finance committee. Prepare financial reports for management, funders and other stakeholders. Compliance and contract management Responsible for review of all contracts before CEO signature, and interaction with external legal team as needed. Ensure IMT’s compliance as a 501c3 organization and maintain related certifications, registrations, and status. Set internal policies and processes regarding contract management, budgeting, and fundraising compliance. Train staff on policies and processes. Support senior leadership team, program leads, and development team on understanding external agency requirements including local, state, and federal government RFPs, awards, and contracts. Qualifications and Skills

7+ years of experience in a relevant role to include experience working for a nonprofit organization Bachelor’s degree in Finance, Accounting, Business Administration, or related field; CPA preferred Strong understanding of nonprofit financial principles, regulations, and accounting standards Experience with diverse revenue streams, including grants management and fundraising Excellent analytical skills and the ability to translate financial data into actionable insights Demonstrated leadership abilities with a track record of working collaboratively across teams Exceptional communication and interpersonal skills Proficiency in Excel and QuickBooks. Experience with Salesforce a plus Commitment to advancing social and environmental justice

How to Apply

This is a full-time remote position with preference for someone located in Washington, DC or surrounding areas. Occasional domestic travel to conduct in-person business will be required. The salary range for this position is $130,000-140,000, commensurate with experience. IMT offers a competitive benefits package that includes medical, dental, vision, life insurance and disability coverage. IMT also offers generous paid time-off.

To apply, please email resume and cover letter to jobs@imt.org. Please write “Director of Finance” in the subject line.

About the Institute for Market Transformation The Institute for Market Transformation (IMT) is a trusted, non-partisan nonprofit organization that works to ensure that everyone in the U.S. benefits from high-performing buildings in all facets of their lives. IMT bridges the intersection of business, government, and community priorities to spotlight business practices and advance public policy to improve U.S. buildings. We do this by co-creating and deploying public policy and business practices that drive widespread market action toward improving how we collectively build, design, and operate the spaces where people live, work, learn, connect, and play. To learn more about our work, visit www.imt.org/about.

Headquartered in downtown Washington, DC, we provide a vibrant, collaborative, and flexible workplace that brings together diverse expertise. IMT is committed to advancing diversity, equity, and inclusion efforts across our organization. We empower our staff to constantly learn while achieving big goals, and have fun along the way.

IMT is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. All job applicants must be authorized to work in the United States. Primary contact name: Betsy Law Link to job posting: https://imt.org/about/jobs/#DirectorFinanceandCompliance What special skills and superpowers are you are looking for?: 7+ years of experience in a relevant role to include experience working for a nonprofit organization; Bachelor’s degree in Finance, Accounting, Business Administration, or related field; CPA preferred; Strong understanding of nonprofit financial principles, regulations, and accounting standards; Experience with diverse revenue streams, including grants management and fundraising; Excellent analytical skills and the ability to translate financial data into actionable insights; Demonstrated leadership abilities with a track record of working collaboratively across teams

Institute for Market Transformation is an equal opportunity employer.