Nonprofit Remote Digest - Issue #663
Literacy Trust is a charitable, not-for-profit educational organization, founded in 1999. Our mission is to build capacity within schools by delivering high-quality professional development that boosts literacy achievement while also transforming struggling first and second grade students into fluent, motivated, self-confident readers.
All New York City students deserve to learn to read. — www.literacytrust.org Literacy Trust works to ensure NYC students are reading on grade level by the end of 2nd grade. We leverage existing resources to build educational capacity in schools to create fluent, motivated, self-confident readers.
Finance Manager
At Literacy Trust, we believe education is a basic human right and access to high-quality literacy instruction is a cornerstone of our democracy. Our mission is to leverage existing resources in school communities to increase educational capacity and create fluent, motivated, self-confident readers.
We provide professional development to allow teachers, paraprofessionals, and other school community members to utilize our signature literacy intervention program, Reading Rescue. We strive to build sustainable intervention models that eventually become a core component of the school’s literacy ecosystem. Literacy Trust is currently partnering with more than 140 New York City schools, reaching over 1000 educators and 1000 students, throughout the five boroughs.
At Literacy Trust, we promote events, ideas, thinking, programs, and communities that inspire action in pursuit of universal access to literacy. To learn more about Literacy Trust, please visit: www.literacytrust.org.
About the Finance Manager:
Our dynamic, growing organization seeks a Finance Manager to join our team in order to manage our daily accounting and financial transactions. Reporting to the Director of Talent, Operations, and Culture, the successful candidate will be a strategic and analytical thinker, a problem solver, and possess a strong attention to detail. The Finance Manager will perform key transactional, analytical, supervisory and managerial functions supporting the agency with an annual budget of approximately $3M. The Finance Manager will be responsible for ensuring that our day-to-day accounting and finance operations run smoothly, enabling the long-term success of the organization. Key areas of oversight include grant and fund accounting, contract billing, budgeting, banking, preparation of reports, and maintenance of records.
(Note: responsibilities listed below define our standard work in a pre-Covid environment when schools are operating normally; we have been constantly shifting how we support schools and how we operate internally in order to meet the needs of distance learning.)
Key responsibilities of the Finance Manager position include the following:
Accounting & Reporting
Oversee the general accounting, including, among other things, journal entries, accounts payable, accounts receivable, reconciliation of bank accounts.
Ensure that all financial activities involving grant funds (federal and non-federal) awarded are accounted for in compliance with rules and GAAP, grantor and/or agency specific requirements, and Literacy Trust’s accounting policies and procedures.
Prepare monthly, quarterly and annual financial reports for departmental directors, and Board of Directors Finance Committee.
Prepare & monitor short- and long-term cash flow analysis.
Provide financial reports to funders and partners as requested.
Assist the Director in the annual audit and preparation of federal filings including IRS Form 990 ensuring they are filed in a timely fashion.
Respond to inquiries from vendors, funders, partners and internal staff re: financial matters.
Budget Drafting & Management
Assist the Director in drafting annual organizational budgets, ensuring that organizational strategic priorities are properly funded, and year-over-year and budget-to-actual variance analysis and reporting for internal tracking.
Provide grant and project-based budgets, and strategic support in fundraising efforts to optimize revenue.
Documentation, Process Improvement and Internal Controls
Support the Director in proactively identifying and implementing process improvements and actionable remedies that optimize efficiencies and improve the quality of financial analysis.
Support the Director in proactively monitoring financial risks to develop, promote, and maintain best accounting practices around strong internal controls.
Maintain compliance with all documentation of our fiscal policies and procedures.
Core Competencies:
Financial analytical skills
Long-term financial planning
Strong pursuit of accuracy
Efficiency and optimization
Project-based cost accounting
Qualifications:
Bachelor’s degree in Accounting or Finance. Certified Public Accountant (CPA) or Master of Business Administration (MBA) a plus.
5+ years of experience in nonprofit accounting, with strong knowledge and understanding of Nonprofit GAAP.
Outstanding budget drafting/management, analytical, writing and organization skills with capacity to manage projects and successfully prioritize among multiple tasks.
Experience handling numerous government contracts for various government agencies, including federal, state and city such as the Department of Youth and Community Development's (DYCD) and the Department of Education (DOE).
Experience with Quickbooks. (Expensify, Bill.com, Salesforce experience is a plus.)
Proficient in Microsoft Office products, including expertise in Excel.
Ability to maintain highest confidentiality when dealing with sensitive or private information.
Passion for Literacy Trust’s mission, impact and interest in investing external
stakeholders in the work.
Must be authorized to work in the U.S.
Benefits
Salary: $75,000-$80,000
Excellent benefits package: We provide employees with 100% coverage for medical, dental, vision, and life insurance, in addition to partial coverage for family members. We also provide retirement accounts with an employer match.
Professional development: We provide employees with a professional development budget after your first year of service because we want to see you grow in a way that's meaningful to you.
Vacation: We offer employees 15 vacation days. Additionally, employees have the Department of Education winter break and the first week of July as paid time off.
Work-life balance: In case the vacation time or summer Fridays didn't make it clear, we pride ourselves in supporting staff to have a healthy work-life balance, including occasional days to work remotely when appropriate.
Fun work environment: We love to celebrate accomplishments, birthdays and more.
Fully remote: Work may be performed anywhere in the United States.
How to Apply
Please submit an updated resume and cover letter, outlining how your skills and experience meet the qualifications of the position.