Position Overview:

Reporting to and partnering with the President, the Director of Finance will improve the processes and implement the systems needed to support the organization’s goals.  This position is an active participant in the organization’s overall strategy setting and works closely with the President and serves on the management executive leadership team.  This position leads all financial administration, budgeting, financial reporting, and fiscal grant management activities. 

Impact Washington is the official Manufacturing Extension Partnership (MEP) representative for the state of Washington, and we serve as the voice of the industry working with local, state, and federal agencies.  We are committed to helping build a thriving manufacturing industry across the entire State of Washington by providing a wide-array of operations and operational consulting services tailored to small - and medium - sized manufacturers.

Who You Are:

You are a proactive, strategic, and seasoned leader with significant nonprofit finance and operations experience. You bring an analytic and strategic approach to financial operations and you are able to lead long-range planning, annual budgeting, monthly forecasting, and financial analysis activities. You have experience at a nonprofit with an annual budget of at least $3 million and multiple funding sources, including government revenues contracts, restricted and unrestricted grants, and in-kind support. You strive to maximize organizational impact, sustainability, and scalability.

Essential Job Objectives:
Finance
  • Develop and oversee effective financial processes and controls, identifying opportunities for improvement efforts.
  • Supervise and mentor one full-time accounting officer to ensure smooth and responsive day-to-day transaction processing: client billing, payroll, accounts payable, accounts receivable, collections and purchasing.
  • Oversee budgeting, financial forecasting, and cash flow; align financial management with short-and long-term financial planning and projections.
  • Monitor existing monthly and annual financial reporting materials and manage the financial cooperative grant agreement aspects of our fiscal grantor, NIST MEP
  • Engage the leadership team and Board to define key performance indicators for financial health
  • Maintain fiscal policies and procedures with the Finance Committee’s approval and conduct a risk assessment of internal control processes.
  • Manage all accounting activities to ensure proper oversight of cash flow, compliance with policies and procedures, monthly reconciliation processes and annual reporting.
  • Manage the monthly financial close process including the review and approval of all general ledger transactions and supporting documentation for journal entry transactions.
  • Prepare all quarterly commission compensation reports.
  • Prepare all monthly and quarterly State and City B&O tax reports and annual State nonprofit filings.
  • Manage the preparation of the IRS 990 tax return and prepare supporting documentation.
  • Evaluate and improve processes within our ERP accounting software system to improve productivity and to meet new requirements of the organization.
  • Manage cash flow/liquidity for day-to-day and strategic opportunities.
  • Ensure all financial operations comply with federal and state laws.
  • Oversee payroll to ensure effective personnel operations including payroll, taxes, and benefits.
  • Manage all financial audit activities including the financial aspects of funder audits/cooperative agreement reviews.
  • Maintain relationships with all funding sources, tax authorities and other third-party partners. Cultivate relationships with key services such as CPA firms, bankers, and legal counsel.
  • Act as the backup to the accounting officer during all vacations, leaves of absence, and as needed to balance out staff workloads.
Strategy
  • Build a strong foundation for strategic planning efforts, providing recommendations based on financial analysis and projections, cost identification and allocation, and revenue/expense analysis
  • Prepare and communicate financial results to the leadership team, board, partners, and donors; provide recommendations to drive strategy decisions.
  • Work with the finance committee of the board to coordinate all meetings, financial reviews, audit report acceptance, accounting policy updates and investment account management. Present monthly, quarterly, and annual financial statements to the executive committee and the board of directors.
  • Manage grant accounting and the related funding allocations of all expenditures and maintain accurate cost allocation tables of expenditures.
  • Prepare financial analysis and reporting, decision support.
  • Develop financial accountability across the organization via project budget variance reviews and monthly forecast reviews with management team.
  • Foster a culture of collaboration and risk taking via involvement of all departments managers in budget planning and sharing strategic forecasts that provides critical information for managing risk exposures.
Qualifications:
  • Bachelor’s degree in finance or accounting.
  • 10-15 years’ experience, including audit experience.
  • Knowledge of government accounting/grants
  • 3M budget management experience
  • Professional experience as a CPA preferred.
  • ERP accounting experience
  • Significant experience in finance and operations in a nonprofit environment
  • Working knowledge of GAAP, audits, and other regulatory requirements in the nonprofit financial field.
  • Knowledge of nonprofit legal structures as it relates to financial management.
  • Strong relationship management experience working with board members, staff, and financial partners
  • Supervisory experience.