Managing Director

Organization Description: 

Nafasi Fund undergirds the powerful work of Black-led organizations by connecting them to the opportunities, capacity, and space they need to increase their effectiveness and grow independently. Nafasi Fund’s model of fiscal sponsorship advances temporary incubation with a low-fee structure so that grant dollars make a larger impact. Our courageous partners (grantee organizations) who spearhead the transformative efforts for Black communities receive tailored administrative and infrastructure support for their projects, robust technical assistance to help them move to sustainability, and a space to focus on their well-being. When our vision is realized, Black-led organizations will be strong and sustainable with all of the tools they need to determine and direct social change in their communities. More information is available at nafasifund.org.

Overview:

The Nafasi Fund seeks a Managing Director to lead the strategic direction and overall management of the organization, ensuring alignment with the mission and goals set forth by the Board of Directors. This role involves driving business growth, maintaining operational efficiency, and collaborating closely with the Board. 

Location:  

This position requires the selected candidate to be based in one of the following states: Alabama, Georgia, Maryland, or North Carolina.  

Please note: Candidates who are not located within these states will not be considered for this role.  

Responsibilities:

• Oversee day-to-day operations of the organization.
• Serve as the people leader for the Senior Manager of Programs and the Finance Manager.
• Review and recommend improvements for existing structures, processes, and tools, including:
• Vetting potential grant partners.
• Ensuring timely Board review and approval of potential partners.
• Managing financial processes for receiving, documenting, and disbursing grants.
• Tracking reporting requirements and maintaining appropriate documentation.
• Manage communication, relationships, and expectations with existing partners.
• Identify opportunities for technical support to existing partners.
• Partner with the Board to develop and implement a fund development strategy to sustain the organization for the next two years.
• Recruit and collaborate with the Board to vet potential new Board members.
• Develop and implement a technical assistance program (i.e. assessment of needs, TA offerings, etc.)
• Meet monthly with the Board of Directors to provide updates and collaborate on further organizational development. 
• Provide written recommendations to the Board of Directors about next steps for the organization.
• Lead the organization in the midst of a changing environment.
• Lead a fully virtual organization.

Qualifications:

• Bachelor's degree required; Master’s degree preferred.
• Proven experience as a Managing Director, CEO, or in a senior executive role, preferably within the nonprofit sector.
• 10+ years of nonprofit executive management experience in an operational environment.
• 5+ years of management or supervisory experience, including leading in a virtual environment.
• 3+ years of experience working in a startup environment.
• Strong understanding of corporate finance, performance management, and business operations principles.
• Experience with fiscal sponsorships.
• Fundraising experience.
• Strong public relations, marketing, and fundraising experience.
• Excellent leadership, strategic thinking, and organizational skills.
• Exceptional communication and interpersonal abilities.
• Experience working with a Board of Directors and understanding governance practices.
• Demonstrated commitment to public and community service, with enthusiasm for the Nafasi Fund’s mission and a shared commitment to racial equity, inclusion, and racial justice.

Skills:

• Strategic Planning
• Financial Acumen
• Fiscal Sponsorship
• Leadership and Team Management
• Excellent Communication and Negotiation
• Stakeholder Management
• Risk Management
• Governance and Compliance

Working Conditions:

• Remote (United States-based Alabama, Georgia, Maryland, or North Carolina); the role may require travel to various locations as needed.
• Flexible working hours may be required.