Generation USA Finance Manager | Flexible location (east coast preferred)
- Job posted by Generation: You Employed, Inc.
District of Columbia
Generation is a global youth employment organization that helps provide young adults with the opportunity to launch successful careers and change their life trajectories. Generation is a non-profit founded by McKinsey & Company, aimed at training and employing youth across 6 countries – USA, Kenya, Spain, Mexico, India, and Hong Kong – and is actively launching additional sites.
In the USA, 6.7 million young adults are out of school and out of work. At the same time, 44% of employers say a skills shortage is leaving them with entry-level vacancies. By bridging the skills gap, we can create impact for both employers and young adults Generation USA has launched programs in four sectors: healthcare (CNA), customer service (retail sales associate, front desk agent, call center), IT (help desk, network support), and skilled trades (construction helper – NCCER certified). Additional programs can be built out based on employer demand (e.g. medical billing, medical assistant, programming).
Thus far, Generation USA has graduated 1200 young people across 10 cities in just over two and a half years. 95% of supervisors say they would hire a Generation graduate again, and 87% of graduates were ranked above average relative to peers. Students also recognize the impact of the program, evaluating their life almost a rung and a half higher on a ten rung “life quality and well-being index ladder between the start and end of the program. We currently operate in 13 cities—Atlanta, GA; Baltimore, MD; Birmingham, AL; Charlotte, NC; Cleveland, Ohio; Dallas, TX; Jacksonville, FL; Las Vegas, NV; Miami, FL; San Jose, CA; San Juan, PR; Washington, D.C.; and Wilmington, DE.
The Finance Manager oversees the day-to-day management of grants and contracts, including a federal award. The Finance Manager will also perform financial analyses and serve as the primary point of contact for accounts receivable. Additional key responsibilities are to ensure that grants and contracts are financially compliant and that company accounting procedures conform to generally accepted accounting principles. The Finance Manager reports to the Director, Finance and manages the following functions:
- Oversee grants and contracts management, to include compliance, reporting, financial management, and oversight of a multi-year federal award
- Manage accounts receivable by:
- Developing revenue projection schedule of philanthropic, partner, and employer funding
- Developing and implementing the process to monitor employer payments
- Liaising with the Development and Launch Teams to collect payments
- Updating Salesforce with receivables
- Serving as point-of-contact for all vendor registrations and accounts receivable inquiries
- Maintaining all philanthropic, partner, and employer files (grant agreements, contracts, MOUs, etc.)
- Design, test, and iterate financial procedures for newly-established LLC
- Assist with preparation and execution of annual audit, with a focus on receivable schedules and analysis
- Support the Director, Finance to develop grant and contract budgets
- Collaborate with the Director, Finance to develop and monitor accounts receivable policies and procedures
- Track restricted funding
- Produce revenue reports
You take full ownership of your areas of responsibility and prioritize your time effectively. You are detail-oriented but seek out opportunities to better understand the broader picture. You have a collaborative and positive spirit to work closely with colleagues around the country. You have outstanding interpersonal skills and are energized to find opportunities to help colleagues better understand our financial position. Most importantly, you are excited to join a mission-driven organization and support its rapid growth.
Specific requirements include, but are not limited to:
- Demonstrated experience working in a nonprofit with a mix of funding sources
- Thorough understanding of nonprofit accounting and Generally Accepted Accounting Principles (GAAP)
- Affinity for and ability to analyze numbers
- Adept at presenting complex financial information in a clear manner to various audiences including senior management, staff members and others
- Familiarity with Intacct and Salesforce preferred
- Familiarity with Generally Accepted Government Auditing Standards (GAGS) preferred
- Professional demeanor, excellent organizational and communication skills, and attention to detail
- Self-reflective and open to frequent feedback
- Positive, solutions-oriented attitude, drive for excellence, and ability to be a team player
- Entrepreneurial spirit, embracing the opportunity for creativity and hard work inherent in a start-up
Generation is an equal opportunity employer and actively encourages applications from people of all backgrounds. “In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire.”
Minimum Education Required