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Director of Finance and Administration

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Published 26 days ago

ORGANIZATION

The Boston Impact Initiative Fund is an impact investing fund dedicated to closing the racial wealth divide. We invest integrated capital (equity, debt and grants) in regenerative local enterprises that restore the productive capacity of communities of color in Eastern Massachusetts. We are a 501(c)3 charitable loan fund that has raised $7M from values-aligned accredited and non-accredited investors. We also host a cohort of 11 communities around the country seeking to design and launch integrated capital funds dedicated to closing the racial wealth divide.

 

POSITION

We are seeking a full-time Director of Finance and Administration to partner with our team in managing our financial operations and reporting on complex financial transactions that support our efforts to invest to close the racial wealth divide. This position will report directly to the CEO. We are seeking someone who shares our beliefs that:

  • Current capital markets aren’t working
  • Investment decisions should not be strictly financial
  • We have much to learn from emerging models of impact investing, solidarity economics and justice movements

A successful candidate will be a hands-on, collaborative team player, who will lead and manage the following areas: finance, fund accounting, business planning and budgeting, human resources, administration and IT. 


ROLES AND RESPONSIBILITIES   

Financial Management

  • Manage the day-to-day finance and accounting function for the organization and the fund; oversee all financial, fund, project/program and grants accounting.
  • Prepare all monthly, quarterly and annual financial reports for the Investment Committee and Board; Analyze and present financial reports in an accurate and timely manner.
  • Coordinate all capital disbursements, payments and reporting requirements for (a) portfolio companies, and (b) the Fund’s investors and grantmakers; Manage the portfolio and investment database.
  • Manage the annual audit process with the external auditor.
  • Manage the annual budgeting and planning process; prepare annual and multi-year budgets and cash flow forecasts; monitor progress and changes.
  • Update and implement all necessary business policies and accounting practices
  • Develop the finance department’s overall policy and procedure manual.
  • Manage the organization’s financial management, contracts, and reporting systems (e.g. Quickbooks, Nortridge); ensure adherence to contract billing and collection schedules
  • Ensure compliance with applicable financial and accounting standards, and with federal, state, and local laws and regulations.

Human Resources, IT and Administration

  • Provide administrative and human resources support to the organization.
  • Administer payroll, compensation, benefits, and performance management, employee recruitment and onboarding process. 
  • Evaluate and implement enhancements to the payroll, compensation and benefits and performance management systems to establish competitive programs and ensure compliance with legal requirements.
  • Manage the organization’s insurance policies and risk program.
  • Support the organization’s information security program.
  • Other duties as assigned.


DESIRED SKILLS AND EXPERIENCE

  • Minimum 7 years’ experience in finance and accounting.
  • Nonprofit accounting and fund accounting experience (either via employment or via contract services) strongly preferred.
  • Fluency in U.S. GAAP, fund compliance and internal controls.
  • Fluency in Quickbooks and fund accounting software such as Nortridge 
  • Experience with payroll and benefits management.
  • Demonstrated interest in and understanding of economic justice, racial justice, gender equity, sustainability, and/or related topics.
  • Ability to be self-directed and meet rapid deadlines.
  • Willingness to continuously learn and adapt.
  • Resourceful, proactive, able to prioritize and navigate in a fast-paced team-oriented environment.
  • Strong project management and communication skills.  
  • Excellent organization, attention to detail and follow-through.
  • Ability to handle complex and confidential information with discretion.


Compensation and Benefits

This is a full-time, exempt position. The salary range is $80,000 - $100,000 commensurate with experience, plus an employee bonus of up to 20% of base salary. Boston Impact Initiative offers a work environment that supports the unique needs of each employee to balance work and life. We offer a benefits package that includes  remote and flexible work options, health plan reimbursement stipend, paid time off and professional development support. 


The Boston Impact Initiative is an equal opportunity employer. Greater Boston residents, women, people of color, immigrants, queer and gender nonconforming people strongly encouraged to apply. 

ORGANIZATION

The Boston Impact Initiative Fund is an impact investing fund dedicated to closing the racial wealth divide. We invest integrated capital (equity, debt and grants) in regenerative local enterprises that restore the…

Details at a Glance

  • Time Commitment
    Full Time Schedule
  • Application Deadline
    September 27, 2021
  • Education
    4-Year Degree Required
  • Professional Level
    Managerial

Salary

USD 80,000 - USD 100,000Salary plus an employee bonus of up to 20% of base salary

Benefits

Boston Impact Initiative offers a work environment that supports the unique needs of each employee to balance work and life. We offer a benefits package that includes remote and flexible work options, health plan reimbursement stipend, paid time off and professional development support. 

Boston Impact Initiative offers a work environment that supports the unique needs of each employee to balance work and life. We offer a benefits package that includes remote and…

Location

Temporarily Remote
Work must be performed in or near Boston, MA
Associated Location
Boston, MA, USA

Apply to This Job

Instructions:

To apply, please submit your cover letter and  resume​. In your cover letter,​ ​please answer the following questions with no more than 3-5 bullet points per question:

  • What about BII’s mission appeals to you?
  • How does this role align with your skills and current career trajectory?
  • What aspects of your experience are you most eager to contribute toward this role?
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