Position Title:
Controller
- Employment Status: W2
- Starting Salary: $96,000 - $144,000 Grade IV
- FLSA Status: Exempt
- Position Duration: Permanent, Full-time
- Org Unit: Finance and Accounting/Operations
- Reports to: Executive Director
Introduction
Impact Charitable is a Denver-based nonprofit 501(c)3 organization that exists to help close the gaps between the sources of impact-first capital and communities, ventures and funds who have traditionally faced systemic barriers to accessing critical financial resources. We envision a world in which change makers can thrive by having access to the funding needed to fulfill their visions and solve systemic problems.
Impact Charitable unites catalytic philanthropists with community partners, financial institutions, foundations, social enterprises, and governmental bodies. As an Impact Capital Catalyst, Impact Charitable unlocks and accelerates capital that sparks positive change. We move more money, in more ways, to more people and places. Our work includes Direct Cash and Economic Mobility programs and Impact-First Investing.
Position Summary
Reporting to the Executive Director, the Controller will be responsible for oversight of all accounting and compliance activities. The Controller will be involved in supporting presentations to the Finance and Audit committee of the Board of Directors and will work closely with the Finance & Investments Director and the rest of the senior leadership team.
The Controller will lead all day-to-day finance/accounting operations of a budget of $10 million and supervise a senior accountant with functional responsibility over accounting, accounts payable, accounts receivable, payroll, and grants administration. The Controller will ensure that Impact Charitable has, and continues to develop the systems and procedures in place to support effective program implementation and conduct successful audits. The Controller will work closely with program/product line leaders and their staff, not only to educate them regarding finance and accounting procedures
but also to explore how the finance function can support program operations.
The Controller will work with Impact Charitable’s legal counsel and CPA firm to be a resource for staff on IRS and other regulatory compliance matters.
● Oversight of budgeting and forecasting implementation
● Manage general ledger and bank reconciliation processes
● Prepare monthly financial reports, in compliance with GAAP or other standards
● Oversight of accounts payable and accounts receivable
● Coordinate audit activities
● Lead the preparation and filing of the annual Form 990 with the IRS
In addition, she or he will partner with the director of HR/Administration to ensure integration with all procurement and HR policies and systems.
Responsibilities
Finance and Accounting Leadership
- Oversee all accounts, ledgers, and reporting systems ensuring compliance with
appropriate GAAP standards and regulatory requirements. - Maintain internal control and safeguards for receipt of revenue, costs, and
program budgets and actual expenditures. - Consistently analyze financial data and present financial reports in an accurate
and timely manner; clearly communicate monthly, quarterly, and annual financial
statements; monitor progress and changes and keep senior leadership informed
of organizational financial position. . - Assist Impact Charitable leadership in the annual budgeting and planning process; administer and review all financial plans and compare to actual results with a view to identify, explain, and correct variances as appropriate.
- Lead the staff’s engagement with the board’s audit and finance committee.
- Manage organizational cash flow forecasting by working in partnership with the Finance & Investments Director.
- Ensure accuracy of accrual basis accounting method, with oversight of revenue recognition and other practices.
Internal/external controls/compliance:
- Manage organizational policies including annual, periodic reviews. Ensure staff are trained in policy compliance and oversee compliance with internal controls across functional areas.
- Coordinate all audit activity, including project management of post-audit implementation of new processes, policies required to better support compliance, and corrective action plans as required.
- Grant compliance: Work with the grants specialist and senior accountant on project/program and grants accounting; ensure that expenditures are consistently aligned with grant and program budgets throughout the grant/fund period; collate financial reporting materials for government, corporate, and foundation grants.
- Compliance with Uniform Guidance: Oversee the management of Federal Awards to ensure policies and procedures are in compliance with Uniform Guidance, and Impact Charitable is prepared to undergo the annual Single Audit.
- Compliance with 501c3 tax-exempt determination: Ensure Impact Charitable’s activities are in alignment with its designation as a Public Charity.
Key Competencies
This is an extraordinary opportunity for a mature leader with seven to ten years of accounting and finance experience, ideally beginning in accounting and audit, followed by experience gathering, evaluating, presenting and reporting financial information to executive teams and external stakeholders. She or he will ideally have experience in a complex nonprofit that has multiple programs.
Desired Skills and competencies include:
- Experienced manager with proven ability to coach and lead an accounting team.
- Develop and implement policy and procedure training programs in order to maximize and reach optimal individual and organizational goals.
- Provide leadership in strengthening internal communications with staff at all levels throughout the organization; create and promote a positive and supportive work environment.
- Personal qualities of integrity, credibility, and unwavering commitment to Impact Charitable’s mission and is a proactive, hands-on strategic thinker who will share, in partnership with the Finance Director, the responsibility for finance
- Minimum of a BA; CPA and/or MBA preferred
- Solid experience coordinating audit activities and managing reporting, budget management, accounts payable and receivable, general ledger, payroll, and accounting for investments
- A track record in grants management as it relates to compliance and reporting of government, corporat and foundation grants is essential
- Technologically savvy with experience selecting and overseeing software installations and managing relationships with software vendors; advanced knowledge of accounting and reporting software
- Commitment to recruiting, mentoring, training, and retaining a diverse team; the foresight and ability to delegate accordingly and create a sense of belonging
- Keen analytic, organization and problem solving skills which allows for strategic data interpretation versus. simple reporting
- Strong interpersonal and communication skills; experience in effectively communicating key data, including presentations to senior management, board or other outside partners
- Ability and desire to translate complex financial concepts to individuals at all levels including finance and non-finance managers
Work Environment
- Denver / Hybrid
- There is no expectation or required travel for this position with the exception of the regular in-person 2 days a week.
- We strive to be boldly entrepreneurial – creative and optimistic in how we evaluate risk (the reasons to say no) by embracing complexity and look for ways to say yes
- We are collaborative at our core and centered in partnership with each other and those we serve
- We champion excellence in service of justice by holding ourselves accountable to quality services, as those we serve deserve the best
- We begin with trust in each other and our partners, believing that we all are working to have impact in the world, which means we are compassionate and respectful, meeting each other where we are to accomplish our goals
- We are dedicated to continuous learning, relentless curiosity, and humility that leads to listening before action
- We are relationship centered and embrace opportunities to lift up our Partners, Community, Funders, Founders, and each other and what we all do best. We know that moving in this way allows for deeper connection to each other that results in understanding, cultivation of empathy, agency, commitment and justice for all
- We approach all that we do with gratitude and believe in recognizing and celebrating each other and those we work with
Benefits Include
- Medical Benefits
- 401k
- Traditional or Roth contributions
- Employer vested 100% match of up to 3% of salary
- Paid Time Off
- Paid parental leave
- Remote work
