Director of Finance

New York, United States Full-time

The Director of Finance is responsible for oversight of Times Square Alliance’s fiscal function, including budget development, monitoring, and forecasting; investment management; finance policies and procedures; risk mitigation; annual audit and 990 preparation; and payroll.

The Director of Finance reports to the Senior Vice President (with a dotted line to the Board’s Finance Committee), and manages the Controller, Finance Associate, and relationships with external auditors and finance-related vendors. Ideal candidates will have demonstrated experience in fiscal management for organizations with sophisticated annual operating budgets in excess of $10M.

Responsibilities

  • Oversight of Times Square Alliance’s financial, procurement, and payroll operations, as well as short- and long-term strategic financial planning
  • Creating, implementing, and monitoring the Alliance’s fiscal policies and procedures
  • Preparation and monitoring of the organization’s annual operating budget, including both assessment and non-assessment revenue, and supporting department heads in the preparation and monitoring of departmental budgets
  • Monitoring and controlling spending and procurement, and conducting quarterly reviews of outstanding procurements
  • Preparation of financial statements and reports to the Board of Directors, Finance Committee, Executive Committee, and senior staff, as needed
  • Overseeing the preparation of financial and non-financial reports to meet reporting requirements and contractual obligations related to the Alliance’s relationship with New York City and other funding/granting entities (i.e., annual SBS report, quarterly DOT report, restricted grant reporting)
  • Partnering with the Finance Committee and external investment managers to oversee the management of the organization’s investments
  • Overseeing risk management and insurance coverages to ensure the organization and its assets are adequately protected
  • Partnering with Human Resources in the financial modeling and selection of employee benefit programs, including health insurance, disability, employee retirement programs, etc.
  • Reviewing and negotiating contracts and other legal documents to ensure that the Alliance's legal and business interests are protected
  • Management of the Controller and Finance Associate to ensure the smooth, accurate, and timely execution of the Alliance’s accounting activities (A/P and A/R, account reconciliations, cash flow management, etc.)
  • Management of the Finance Associate and third-party payroll vendor in the execution of the organization’s bi-weekly payroll
  • Management of the Controller and external auditors in the preparation of annual audited financial statements and tax filings
  • Management of relationships with external auditors, bankers, insurance brokers, retirement providers, and other finance-related consultants
  • Serving as a signature authority for the organization’s bank accounts, investment accounts, retirement accounts, credit card accounts, tax filings, financial and retirement audits, and insurance renewals/applications
  • Assisting the Senior Vice President with management of the organization’s day-to-day administrative operations

 

Qualifications

  • In-depth knowledge of non-profit accounting procedures and IRS and NYS Charities Bureau regulations, and experience in managing finances for an organization of similar or larger size ($10+ million)
  • Demonstrated experience with accounting related to an array of revenue sources, including real estate assessments, foundation grants, government contracts, and earned income
  • Excellent written and oral communication skills with an ability to translate complex organizational data into clear and concise messages for a wide range of internal and external audiences, including the Alliance’s Board of Directors and other stakeholders
  • Meticulous attention to detail
  • High degree of proficiency with financial/accounting and database software (e.g. QuickBooks, Excel)
  • MBA and/or CPA preferred