Director of Finance and Corporate Compliance

Join the YMCA of Greater Boston team as our Director of Finance and Compliance. Apply today!
Job Description

Oversees the organization’s accounting practices, the and the preparation of its financial reports for both internal and external sources.  Manages the annual external audit and completion of tax and other reporting requirements. Ensures proper internal accounting controls and develops best practices for compliance and reporting for contracts and grants. Promotes a culture of high performance and continuous improvement that values learning, commitment to quality and customer service. Advises senior management on financial, tax, and business planning issues.  Maintains continuous and proactive lines of communication, keeping the CFO and Executive team informed of all critical financial issues.

Qualifications

Education: BS/BA Degree in Accounting 

Certification: Certified Public Accounting (CPA)

Experience:

  • At least 10 years of professional experience managing a diverse staff as well as relevant accounting, financial reporting & contract management experience. Excellent communication skills both verbal and written.
  • Effective use of advanced Microsoft products and direct working experience with accounting and finance systems. Combination of public & private accounting strongly recommended with solid understanding of Financial Accounting Standards Board (FASB) statements, Not for Profit accounting and reporting under generally accepting accounting principles (GAAP). 

Supervisory Responsibilities: Will supervise three (3) direct reports and an overall team of six (6).

Board Committee Participation: Audit, Finance, and Investment Committees

Essential Functions: Essential duties will fall into four key areas (i) Accounting and Financial Reporting, (ii) Management of Grants and Contracts, (iii) Internal Controls and Standards of Excellence, and (iv) External Reporting & Compliance.

Essential Functions

Accounting and Financial Reporting

  • Financial Analysis and Review of Monthly Financial Statements.  Special focus on critical accounting areas of revenue recognition, deferred revenues, investment and endowments and capital project accounting.     
  • Administrator for all third-party bank cash management and investment platforms.  
  • Strong working knowledge of payroll operations (ADP), reporting and compliance requirements in support of the payroll function and partnership with HR.
  • Assist with the monthly Management and Board Reporting Package and support CFO in presentation of the financial results to the Finance and Audit and Risk Committees as well as financial reviews with current and prospective lenders.  Manages reporting practices related to key financial metrics.    
  • Review and update where necessary, YMCA of Greater Boston (“YGB”) Accounting Policies and Procedures and ensure all Finance Staff are following current policies and practices. Lead the implementation of the all-new Accounting Statements, including experience with the new lease standard (effective for fiscal 2021 for YGB).
  • Manage and evaluate financial accounting and reporting software (SGA) to ensure that we continue to meet needs of internal and external users.  Lead automation of existing GAAP financial statement model.
  • In partnership with Director of Financial Planning and Analysis support the Annual Budget and Monthly Forecasting work, including the forecasting of cash, working capital and capital assets and other liabilities, including debt. 

Management of Grants and Contracts

  • Work closely with our Leaders to review all contract budgets and reporting requirements from funders.  Direct accounting staff on revenue recognition guidelines associated with grants as well as allocation of allowed expenses to contracts and ensures processes and procedures are in place to meet billing documentation requirements.
  • Ensures that financial systems meet all grant reporting requirements.  Monitors external reporting requirements and compliance with all grant requests as needed including requests for special audits, remote or on-site and provide all documentation requested. 
  • Works with CFO to pursue any funding or revenue opportunities that are available to the Association under federal, state or private programs focused on the financial recovery or sustainability of the Association.  Experience with PPP, ERTC or other past opportunities would be preferred.
  • Develops an internal compliance program that allows us to develop best practices over grant procedures and ensures that we remain ahead of any issues that surface. 

Internal Controls and Standards of Excellence 

  • Establish best practices for all accounting policies and procedures including review of month-end balance sheet account reconciliations and analysis of results.
  • Design a Standards of Excellence to review internal business practices and controls and create a team within finance to assist with overall project.
  • Partner with IT to ensure integrity and compliance of technology solutions and vendor partners used to process financial transaction. 
  • Review current finance and business operation systems for efficiency and recommend improvements that would increase productivity, improve access to information or reporting capabilities. 

External Reporting & Compliance 

  • Prepare quarterly and annual financial statements, debt covenant certificates and footnotes in preparation of annual audit and to meet requirements of banking partners.  
  • Lead the annual independent audit and meet requirements for Annual Audit, Uniform Guidance (UG), Uniform Financial Report (UFR) and Tax Filing for Federal 990 and Massachusetts Form PC.
  • Work with UFR Specialist and external auditors for annual preparation of the Uniform Financial Report (UFR) and ensure filing on time in November of each year.
  • Work with CFO and team to complete the annual insurance program renewal and evaluation, including preparation of financial information and metrics in support of renewal and any audits of premium associated with the insurance programs.
  • Other Required Reporting as required including indirect cost request; YUSA financial reporting and tax filings related to property, payroll or other statutory requirements. 

Additional Responsibilities

  • Support other business development projects and financial initiatives as assigned by the CFO.
  • Actively participate as a member of leadership team in leadership conferences for ongoing development, the YMCA’s Annual Campaign and in support of Association and Branch special events.
Cause-Driven Leadership Competencies

YMCA LEADERSHIP COMPETENCIES - ORGANIZATIONAL LEADER 

Mission Advancement:  Incorporates the Y’s mission and values into the organization’s vision and strategies.   Ensures community engagement; promotes the global nature of the Y.  Leads a culture of volunteerism ensuring engagement, inclusion, and ownership.   Leads a culture of philanthropy. 

Collaboration:  Advocates for and institutionalizes inclusion and diversity throughout the organization.  Initiates the development of relationships with influential leaders to impact and strengthen the community.  Is recognized as an inspirational community leader who navigates complex political and social circles with ease.  Communicates to engage and inspire people within and outside the Y.  Ensures that a talent management system is in place and executed effectively. 

Operational Effectiveness:  Possesses penetrating insight and strong strategic and critical thinking skills.  Invests resources in well-designed innovation initiatives.  Creates a structure to deliver organization-wide results to achieve objectives.  Develops and implements stewardship strategies.  Determines benchmarks and ensures appropriate leadership to meet objectives.   

Personal Growth: Creates a learning organization.  Effectively drives change by leveraging resources and creating alignment to expand organizational opportunities.  Shares authority and demonstrates courage and humility.

Required Certifications

Certification: Certified Public Accounting (CPA)