Director of Finance

The Director of Finance is responsible for the day-to-day management and oversight of the Association's financial operations. This hands-on leadership role oversees accounting, budgeting, financial reporting, cash management, payroll, audits, and compliance while ensuring the accuracy and integrity of the Association's financial records. Working closely with the Chief Operating Officer (COO), the Director of Finance supports organizational decision-making through financial analysis, forecasting, and operational planning. The Director is expected to actively participate in accounting and financial management activities while leading a small finance team and continuously improving financial processes and controls.

Key Responsibilities Accounting and Financial Operations

• Manage all accounting functions, including general ledger, accounts payable, accounts receivable, payroll, and monthly close processes.
• Review and prepare journal entries, reconciliations, and financial reports.
• Ensure the accuracy and completeness of financial transactions and supporting documentation.
• Maintain accounting systems and financial records in accordance with established policies and procedures.
• Monitor cash flow and banking activities to ensure adequate operating liquidity.

Financial Reporting and Analysis

• Prepare monthly, quarterly, and annual financial statements and management reports.
• Analyze financial results and identify trends, variances, and potential risks.
• Provide timely financial information and recommendations to the COO and department leaders.
• Develop financial forecasts and cash flow projections.
• Monitor key financial performance indicators and assist in organizational planning.

Budgeting and Planning

• Coordinate the annual budget development process.
• Work with department leaders to prepare and manage operating budgets.
• Monitor budget performance and provide variance reporting.
• Assist leadership with financial planning and resource allocation decisions.

Audit, Compliance, and Internal Controls

• Coordinate the annual audit and serve as the primary contact for external auditors.
• Prepare schedules, workpapers, and supporting documentation for audits and financial reviews.
• Ensure compliance with applicable accounting standards, tax, and regulatory requirements.
• Oversee preparation of Form 990 and other required filings including W-2s, 1099s and state filings.
• Maintain and strengthen internal controls and financial procedures.

Staff Leadership and Process Improvement

• Supervise finance and accounting staff and provide coaching, training, and performance management.
• Establish efficient workflows and ensure timely completion of finance-related tasks.
• Identify opportunities to improve processes, reporting capabilities, and operational efficiency.
• Support implementation and optimization of financial systems and technology.

Cross-Department Collaboration

• Partner with the COO and department leaders to support organizational initiatives and operational objectives.
• Provide financial guidance for contracts, programs, events, and strategic projects.
• Assist departments in understanding budgets, expenses, and financial impacts of business decisions.

Key Internal Relationships

COO, finance staff, program directors.

Key External Relationships

Auditors, vendors, volunteer leaders.

Location: Bethesda, Maryland

Type: Full Time/Hybrid

Education

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field required.
• CPA preferred.

Experience

• Minimum of 7 years of progressive accounting and finance experience.
• Experience managing accounting operations and financial reporting.
• Supervisory experience preferred.
• Experience in a nonprofit, association, membership organization, or similar mission-driven organization preferred.

Knowledge, Skills, and Abilities

• Strong knowledge of accounting principles, financial reporting, budgeting, and internal controls.
• Experience with nonprofit accounting is preferred.
• Proficiency with accounting software and advanced Microsoft Excel skills. Experience with Microsoft Business Central and iMIS AMS is a plus.
• Strong analytical and problem-solving abilities.
• Excellent organizational skills and attention to detail.
• Ability to manage multiple priorities and deadlines.
• Strong communication skills and ability to work effectively with staff at all levels of the organization.
• Demonstrated ability to take ownership of both strategic and operational finance responsibilities.