Job

Director of Finance and Payments

AidKit, Inc.
Remote
Work must be performed anywhere in United States
New
|
Published 8 days ago

Details at a Glance

Time Commitment
Full Time Schedule
Education
4-Year Degree Required
Experience Level
Mid-level/Managerial
Salary
USD $130,000 - $150,000 / year

Description

Overview

AidKit, a fast growing social impact startup that helps nonprofits and governments deliver cash with dignity, is seeking a Director of Finance and Payments to join our team.

About AidKit

AidKit is the engine that nonprofits and governments trust to operate cash assistance programs. We replace convoluted workflows of glued-together CRM’s, spreadsheets, surveys, forms, bank portals, and human tedium with one unified platform to allow organizations to operate more efficiently and get dollars directly into the hands of people who need it most.

AidKit grew out of a need to distribute funds that we raised to support undocumented workers in Colorado during the early days of the coronavirus pandemic. We built efficient, scalable systems to manage programs and distribute funds with equity and dignity.

“I lost my job due to COVID and couldn’t get unemployment. I didn’t ever think I would be able to receive this kind of help. Receiving this grant made me feel seen, that I mattered. That finally, for the first time, I was recognized in this country.” - Left Behind Workers Fund grantee

Our philanthropic roots have grown into a startup and we now provide the technology backbone for some of the nation's largest direct cash programs. We specialize in serving a wide variety of populations, including:

  • Undocumented Individuals
  • Unhoused People
  • Unlicensed Child Care Providers
  • Refugees
  • Survivors of Domestic Violence
  • People with Disabilities
  • Low-Income Families

We’ve helped our partners distribute over $215M to more than 120,000 individuals and families. We are growing rapidly and the opportunity for impact ahead is immense. We are supporting the largest Guaranteed Basic Income and direct cash assistance programs in the United States and seeing new and exciting ways to support people living in poverty with dignified aid everyday. 

Job Summary: The Director of Finance and Payments will be responsible for overseeing all financial operations related to reconciliation, financial projections, accounts receivable, accounts payable, tax management, and program overhead support. This role requires a meticulous and detail-oriented individual with strong analytical skills and the ability to manage multiple tasks efficiently. 

Key Responsibilities:

Accounting: 

Identify process improvements and automation opportunities to support AidKit’s future growth. Develop processes that are both documented and scalable. 

Budget, Forecast, and Decision Support

  • Develop budgets for ongoing or new funding sources including government contract 
  • Partner with the Contracts & Compliance and Partnerships teams to support budget development for RFPs and other proposals. 
  • Partner with the COO and CEO to lead the annual budget and forecast processes.
  • Working collaboratively across the company, provide financial analysis to support ad-hoc business decisions and new investment opportunities.
  • Produce and update monthly projections for the board to effectively monitor the Company’s financial health and key financial metrics.
  • Prepare Financial Projections: Update financial projections with monthly cash actuals, Update revenue based on contract updates, Update the payroll, Update cash receivable dates

Ensure compliance with US GAAP accounting policies and procedures, and all applicable government contract rules.

Manage the overall month-end close process ensuring an accurate and timely close.

  • Aggregate and prepare all AidKit payment data
  • Pull statements from financial institutions and payment vendors
  • Prepare data for the accounting team
  • Support accounting anomaly resolution
  • Review monthly statements
  • Perform monthly reconciliation activities

Review and resolve anomalies

Process Accounts Receivable:

  • Review deposits daily: Log deposits, Move funds to appropriate accounts as required
  • Disburse funds to third-party payment providers based on program needs

Process Accounts Payable:

  • Manage weekly accounts payable processing

Manage State and Federal Taxes:

  • Collaborate with accounting and tax accountants to compute and pay estimated quarterly taxes and annual taxes

Lead audits and financial due diligence processes 

Payments

Provide Program Overhead Support:

  • Monitor and maintain adequate program account balances (over 100 accounts)
  • Review and approve all program payments
  • Investigate and resolve any individual program payment processing anomalies

Manager Payment Vendors

  • Negotiate rates with payment vendors 
  • Ensure vendor compliance with financial regulations

Collaborate with COO to optimize payments 

  • Work to understand program payment workflows and make improvements to drive accuracy, efficiency, and client satisfaction
  • Improve payment reporting for clients

Qualifications:

  • Bachelor's degree in Finance, Accounting, or a related field (Master's degree preferred).
  • CPA or CMA certification is a plus.
  • Minimum of 5 years of experience in finance and accounting, with a focus on payments and reconciliation.
  • Strong knowledge of financial software and tools (e.g., QuickBooks, Excel).
  • Excellent analytical and problem-solving skills.
  • Attention to detail and high level of accuracy.
  • Strong organizational and multitasking abilities.
  • Excellent communication and interpersonal skills.

Compensation and Location

For this full-time position, you can work from anywhere in the United States. The salary range for this role is $130,000 - $150,000. We also provide equity which varies by position and experience and a comprehensive benefits package including 401K matching, health benefits, flexible schedule, and unlimited paid time off.

Overview

AidKit, a fast growing social impact startup that helps nonprofits and governments deliver cash with dignity, is seeking a Director of Finance and Payments to join our team.

About AidKit

AidKit is the engine that nonprofits and…

Benefits

Compensation and Location

For this full-time position, you can work from anywhere in the United States. The salary range for this role is $130,000 - $150,000. We also provide equity which varies by position and experience and a comprehensive benefits package including 401K matching, health benefits, flexible schedule, and unlimited paid time off.

Compensation and Location

For this full-time position, you can work from anywhere in the United States. The salary range for this role is $130,000 - $150,000. We also provide equity which…

Location

Remote
Work must be performed anywhere in United States
Associated Location
Denver, CO, USA

How to Apply

Illustration

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