Finance Director & Corporate Treasurer
: Job Details :

FINANCE DIRECTOR & CORPORATE TREASURER - Virginia Law Foundation

Celebrating its 50th anniversary in 2024, the Virginia Law Foundation (VLF) (virginialawfoundation.org) is a 501(c)(3) non-profit organization that believes that no resident of Virginia should ever be denied meaningful access to justice. Its mission is “To promote through philanthropy, the Rule of Law, access to justice, and law-related education.” The VLF is highly respected for its Grants program, the Fellows Program, and Virginia CLE.

The Grants program supports law-related projects throughout the Commonwealth and has provided more than $29.4 million in grants to support projects throughout the Commonwealth that facilitate access to justice, promote appreciation for and understanding of The Rule of Law, and provide law-related education in support of these ideals.

The Fellows Program encourages civic-mindedness and recognizes excellence in the practice of law as well as public and professional service. VLF is proud to have more than 775 Fellows who are committed to the highest ideals of the law and to the concept of citizen lawyer. Virginia CLE is the educational arm of VLF and the leading provider of continuing education to the Virginia legal community.

The Director of Finance/Corporate Treasurer is responsible for the financial strategy, planning, compliance, and management of the Virginia Law Foundation (VLF). Reporting to the Vice President of Administration, the Director of Finance/Corporate Treasurer works closely with senior leadership and the Board's Finance Committee to ensure alignment between the VLF's mission, goals, and objectives and its fiscal operations. This position is responsible for maintaining financial transparency, compliance with legal and regulatory requirements, and ensuring the optimized and cost-efficient use of resources. Residency in the metropolitan areas of either Richmond, Virginia or Charlottesville, Virginia will be required.

Knowledge, Skills, Abilities and Education Required:

• Education: Bachelor's degree in finance, accounting, or a related field. Master's degree in business administration (MBA) or finance preferred.
• Technical or Professional License(s)/Certification(s): CPA (Certified Public Accountant) or equivalent certification is highly desirable.
• Experience:
• Minimum of 7-10 years of progressively financial leadership experience, preferably in the non-profit sector.
• Exceptional business and financial acumen with a proven record of effective budgeting, forecasting, and financial controls.
• Knowledge & Skills:
• Strong understanding of non-profit accounting principles, including fund accounting, and legal requirements and best practices for non-profit financial management.
• Excellent organizational, leadership, and team-building skills.
• Ability to communicate complex financial information to non-financial stakeholders.
• Advanced knowledge and skills in budgeting, financial forecasting, and analysis.
• Strong attention to detail and accuracy in financial reporting.
• Demonstrated ability to work collaboratively in a fast-paced and mission-driven environment.
• Proficiency with Great Plains accounting software and Microsoft Office Suite.

Responsibilities:

Financial Management:

• Develop and implement financial strategies that align with the organization's goals and mission.
• Oversee all financial operations, including budgeting, forecasting, accounting, and reporting.
• Manage and guide financial decisions and lead all financial processes.
• Ensure financial stability and sustainability by managing cash flow, investments, and reserves.
• Develop and manage the organization's budget in coordination with department heads and the Board of Directors.
• Monitor and analyze financial performance, preparing regular financial reports for the leadership team and the board.
• Direct all accounting activities and ensure adequate internal controls and safekeeping of funds and assets.

Accounting and Auditing:

• Ensure compliance with all applicable laws, tax obligations, and regulations (e.g., IRS 990 filings).
• Oversee the organization's accounting functions, including general ledger, accounts payable/receivable, payroll, and financial reporting.
• Monitor bank transactions and bank account reconciliations.
• Maintain depreciation and amortization schedules.
• Review 1099s at year-end.
• Oversee and review monthly accounts receivable billing statements.
• Review journals entries.
• Coordinate and manage the annual audit process and ensure timely and accurate reporting.
• Maintain financial records in accordance with accepted accounting principles and industry standards.

Compliance and Risk Management:

• Develop and implement financial policies and procedures to ensure sound fiscal management and safeguard the organization's assets.
• Ensure compliance with all federal, state, and local financial regulations.
• Manage the timely and satisfactory completion of all audits.
• Identify and manage financial risks, including monitoring internal controls to prevent fraud or mismanagement.
• Ensure the organization's insurance policies and coverages are appropriate and sufficient.
• Serve as an Administrator/Trustee for VLF's 403(b) retirement plan and chairs the VLF's retirement plan investment review committee, leading the committee's quarterly meetings and managing related vendors' performance on behalf of the organization.

Financial Reporting:

• Provide financial reports and forecasts to the CEO, senior management, and the Board Finance Committee.
• Prepare timely financial statements, balance sheets, income statements, and other required financial documents.
• Present financial information clearly and concisely to both financial and non-financial stakeholders.
• In collaboration with the senior management team, establish, monitor, and report on KPIs.
• Strategic Planning and Support:
• Assist in long-term strategic planning by providing financial input and analysis to support decision-making.
• Work closely with the development and philanthropy team to align financial strategies with revenue-generating efforts such as grants, donations, and sponsorships.
• Support managers and teams in understanding financial reports and managing budgets.

Team Leadership:

• Supervise, mentor, and develop finance staff, fostering a culture of collaboration and accountability.
• Ensure continuous improvement in the financial management processes of the organization.

Compensation: $112,000-$140,000 annual base salary hiring range, commensurate with experience.

Benefits: Employees of the VLF enjoy a highly competitive benefits package. Health, Dental, STD, LTD, and life insurance are 100% company-paid for the employee, with discounted cost to add dependents. Two other stand-out elements of that package are the annual 10% employer contribution to each eligible employee's 403(b) account regardless of any contribution by the employee and paid time off and holidays.

Equal Employment Opportunity: Virginia Law Foundation is an Equal Opportunity Employer. We value diversity and are committed to fostering an inclusive and respectful environment for all our employees.