Bachelor's degree in Accounting, Management, or related field; Master's preferred
5+ years of progressive experience in a nonprofit organization
Knowledge of federal/state contracts and grants, cost accounting, and Uniform Guidelines
Extensive knowledge of nonprofit revenue recognition and compliance
Proficiency in nonprofit fund accounting systems; Financial Edge is a plus
Strong working knowledge of Microsoft Office, especially Intermediate/Advanced Excel
Demonstrated leadership skills with direct staff supervisory experience
Responsibilities
Develop and lead the annual budgeting process and monthly budget updates
Oversee staff to maximize contract and grant expenditure billings
Ensure compliance with GAAP and regulatory requirements
Assist with annual financial statement audits and lead funder-driven audits
Manage and upgrade the agency's financial fund accounting system
Generate state Uniform Financial Report (UFR) and related schedules annually
Distribute monthly budget performance reports to program managers
Supervise staff, providing mentoring and annual evaluations
Provide training on financial processes and compliance matters
Collaborate with team members to meet performance goals
Benefits
Permanent full-time position
Opportunity to work in a fast-paced, dynamic environment
Direct partnership with the Chief Financial Officer
Hands-on involvement in fiscal controls and reporting
Mentorship and coaching opportunities for staff
Focus on compliance and efficiency in financial operations
Engagement with senior leadership and program directors
Full Job Description
Budget Director
Department: Finance
Employment Type: Permanent - Full Time
Location: Downtown Boston - Tremont Street
Compensation: $138,000 / year
Description
The Budget Director will report to, and partner with, the Chief Financial Officer as part of the Finance Department of ABCD. The Budget Director will directly supervise the Budget team. They will oversee accounting and analytical activities to support timely month end and year end closing, program and organizational budgeting, and forecasting. The Budget Director will maintain systems and manage the contract, grant, and fee for service billing function for the agency, in partnership with program leadership and development staff. This individual responds quickly and with sound judgment to a variety of situations in a fast-paced environment and handles sensitive information in a professional manner. They will be hands-on and contribute at all levels including fiscal controls, internal and external reporting.
Key Responsibilities
Develop and lead annual budgeting process and monthly budget to actual updates
Develop processes and oversee staff to ensure that contract and grant expenditure billings are maximized and aligned with grant outcomes and program budgets. Assure compliant collection and submission of financial reporting materials for government, corporate, and foundation grants
Stay current and ensure compliance with appropriate GAAP and regulatory requirements
Assist with annual financial statement audit and filings with external audit team, and lead funder driven audits and fiscal reviews
Manage, maintain and upgrade the agency financial fund accounting system and other financial applications to promote compliance and efficiencies
Responsible for generating the state Uniform Financial Report (UFR), the Schedule of Federal Awards and the Schedule of Direct and Indirect Costs by Category, annually
Assist program directors with budget preparation process
Distribute, monthly, budget performance reports to program managers.
Supervise and coordinate staff and provide mentoring, coaching and written annual evaluations
Assist with maintaining compliant record retention policies for agency accounting files;
Perform other related duties and projects as requested
Provide training to staff on financial processes, updates, and compliance matters;
Work collaboratively with and provide assistance to fellow team members to encourage cooperation and ensure performance goals are met
Ensure high level of satisfaction, trust, and reliability for leadership, staff, and funders
Skills, Knowledge and Expertise
Minimum of a Bachelor's degree in Accounting, Management or related field, Master's degree a plus
5+ years of progressive experience in a nonprofit organization.
Knowledge of general accounting principles including reporting requirements and procedures related to federal/state contracts and grants, cost accounting and Uniform Guidelines
Extensive knowledge of nonprofit revenue recognition, statement production and compliance
Proficiency with nonprofit fund accounting systems; Financial Edge a plus
Strong working knowledge of Microsoft Office (Intermediate/Advanced Excel is a requirement)
Professional demeanor with demonstrated leadership skills; direct staff supervisory experience a plus
Confident self-starter; ability to prioritize, juggle multiple deadlines and projects;
Ability to troubleshoot, design, implement, and manage systems that contribute to an efficient working environment
Excellent interpersonal and communication skills, as well as strong detail oriented, organizational, planning, problem solving and time management skills.
Demonstrated collaboration skills with the ability to work effectively with senior leadership, staff, volunteers, and peers
Exercise discretion in handling confidential information.
Expected Salary: $138,156.20 annually. Salary scales are set according to an explicit compensation policy and relevant market data. Due to funding restrictions and our strong focus on internal parity, this salary is thoughtfully aligned with the duties expected for this role, and offers are firm.
