Finance Manager

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

JOB DESCRIPTION

Nafasi Fund is seeking an experienced Finance Manager to support the development and implementation of Nafasi Fund’s fiscal sponsorship offerings for our Partners. The finance manager will advise the Nafasi Fund team on all financial management-related matters of Nafasi Fund Partners. This work includes the onboarding of Nafasi Fund Partners - internal and external financial reporting, ensuring IRS, state and local level compliance, and community relations. The Finance Manager will work closely with the Finance and Administration Team of The Moriah Group regarding the financial management and operations of Nafasi Fund. Areas of emphasis include financial compliance, budgeting, reporting, and the development and modification of effective systems and operations.

Location: United States. 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:

FINANCIAL MANAGEMENT

• Leads in the design and implementation of the financial systems, and protocols for all financial aspects of Nafasi Fund’s operations and programs.
• Oversees the financial aspects of the onboarding process for new Nafasi Fund Partners.
• Oversees the request for payment process for the fiscal sponsorship program.
• Reviews financial transactions for accuracy. Performs weekly and monthly audits of RFP expense classification and support documentation for Nafasi Fund Partner accounts.
• Monitors Nafasi Fund Partner account balances and Total Restricted Net Asset (TRNA) tracking for conditional/restricted grants.
• Conducts quality control across all financial systems and procedures.
• Participates in the processing, tracking, and confirmation of direct deposit payments/expenses. Manages and tracks stop payment requests.
• Manages the monthly reconciliation/suspense list to identify the intended destination of donations and other payments as needed. Includes outreach to individuals and financial institutions as needed.
• Prepares quarterly financial reports for all Nafasi Fund Partners.
• Contributes to financial reporting by compiling documentation and proof of payment.
• Communicates with Nafasi Fund Partners to provide clarity on financial systems and provide periodic updates on account balances and financial reporting. Communication on account balances, financial reporting, and other related updates will also be conducted as requested by Nafasi Fund Partners.
• Work closely and transparently with all external partners including bookkeeper/accountant.
• Assists with the annual audit of the organization’s financial processes and statements.
• Oversee and manage end to end payroll processes, ensuring accuracy, compliance with tax regulations, and timely payments.

HUMAN RESOURCES, TECHNOLOGY, AND ADMINISTRATION

• Further develop The Nafasi Fund’s human resources and administration, enhancing professional development, compensation and benefits, performance evaluation, training, and recruiting.
• Ensure that recruiting processes are consistent and streamlined.
• Assist with the establishment and management of a comprehensive orientation and training program to educate employees regarding staff tools, policies, and procedures.
• Work closely and transparently with all external partners including third-party vendors and consultants.
• Oversee administrative functions to ensure efficient and consistent operations as the organization scales.

REQUIRED SKILLS AND QUALIFICATIONS:

• Minimum of a BA with a concentration in accounting/finance, ideally with an MBA/CPA or related degree.
• At least five to seven years of overall professional experience; ideally four-plus years of finance and operations management in the nonprofit and/or philanthropic sectors. Knowledge of fiscal sponsorship is preferred.
• Familiarity with 501(c)(3) IRS-related regulations is preferred.
• Knowledge of GAAP and CAS.
• A track record in grants management
• Ability to work in a team-oriented environment and experience with collaborative efforts.
• Ability to work with diverse populations and a commitment to Nafasi Fund’s mission.
• A demonstrated commitment to public and community service with an enthusiasm for Nafasi Fund’s mission and a shared commitment to racial equity, inclusion, and racial justice.
• Excellent oral, written, detail-orientation, time management, and analytical skills.

COMPENSATION AND BENEFITS:

• Salary Range: $85,000- $95,000 annually, commensurate with experience and qualifications.

MEDICAL, DENTAL, & VISION INSURANCE

Nafasi Fund is an equal-opportunity employer and highly values diversity. People of color are strongly encouraged to apply. Employment decisions are based on merit, qualifications, and skills.