VP Finance and Operations

Vice President of Finance & Operations

At the Kids In Need Foundation (“KINF”), we believe every child in America should have equal opportunity and access to a quality education. We believe a quality education is the best gateway to opportunity and students cannot achieve their full potential without it.

To achieve this, we partner with teachers and students in under-resourced schools to provide the support needed for teachers to teach and learners to learn. We know that when teachers are able to focus on teaching, rather than resourcing, education wins. Through our signature programs and network of 42 well-established resource centers across the country, we have provided over $1 billion in product over the last 25 years. Each year we provide over $100 million in resources, and in 2019 we served over 5 million students and over 200,000 teachers.

Under the leadership of a new CEO and fueled by the momentum of a successful rebrand launch, KINF has more than just survived the extreme turbulence of 2020 and is well-positioned for exponential growth and impact in the months and years to come. KINF is currently seeking to fill the newly created role of Vice President of Finance & Operations to help take the organization to the proverbial next level and to ensure a strong foundational platform of financial discipline and operational excellence

This new role will report to the CEO and serve as the primary business management and operations executive for KINF, providing overall direction and oversight for all financial management, accounting, budgeting and forecasting, and audit/compliance functions. Included in the operations area are warehouse operations, fulfillment and logistics, inventory management, technology and client services.

 

Key Responsibilities

 

This executive will oversee a team of twelve full and part-time employees with three direct reports. Functional responsibilities include:

 

Finance Leadership:

• Develop and execute the strategy and vision for Finance and Operations for KINF moving forward

• Serve as the internal subject matter expert to the CEO, Board, staff and other key stakeholders on all financial matters, making recommendations and developing proactive strategies for continual process gains in audit, compliance and operational efficiencies

• Oversee cash and asset management to protect the organization’s financial stability and to support sustainable growth

• Establish annual priorities and benchmarks and conduct regular reporting, measuring projections against actual performance

• Set up dashboards and reports within NetSuite ERP system and track against established KPIs, analyze external and internal trends

• Forecast return on investment (ROI) for current and future programs and initiatives to help inform business decisions

• Develop and monitor annual budgets and ensure fiscal responsibility, both at the departmental and organization-wide levels

• Develop and maintain all financial reports and inform key stakeholders of performance to budget and forecast to goals

 

Operational Leadership:

• Drive best financial and organizational practices by developing and maintaining standard operating procedures

• Establish and maintain strong relationships with banks, auditors, compliance experts, vendors, outside consultants and others as needed to ensure strong external support at highly favorable rates

• Highly leverage technology to optimize and maximize all operations, reporting and analytical functions

• Streamline internal processes to ensure efficient and streamlined inter-departmental collaboration and cooperation, fully meeting requirements and expectations of donors and partners

• Build and grow a top-tier internal finance, operations, technology and client services teams by actively recruiting, training and developing talented and experienced staff

 

Compliance Leadership:

• Ensure that KINF maintains strict compliance with all regulatory, legal, audit and safety guidelines and comply with federal and state laws and reporting requirements

• Direct annual cycle count and audit activities

• Supervise the accounting staff to ensure accurate and timely transactions, with strong processes in place for donations processing, invoicing and managing payables

• Ensure KINF fully complies with all responsibilities and commitments as detailed in signed donor and sponsorship agreements

 

Requirements:

The ideal candidate will be a seasoned finance and operations professional with considerable leadership and not-for-profit experience. Candidates should have a clearly demonstrated trackrecord of success and bring to KINF the following preferred qualifications and strengths:

• Minimum of 10 years prior experience leading finance, accounting and operations teams

• Proven work experience as a CFO or Vice President of Finance

• In-depth knowledge of nonprofit GAAP, compliance and risk management

• Excellent knowledge of data analysis, risk management and forecasting methods

• Ability to conduct deep dive analysis and present salient information to key stakeholders and the board in a relevant and digestible manner

• Strong experience with accounting and financial management software (preferably NetSuite, Salesforce a plus) with high proficiency in reporting tools such as Excel, Tableau, etc.

• Expertise in payroll compliance in accordance with state and federal laws

• Must be well-versed in all aspects of financial management • Ability to strategize and solve problems

• Strong leadership and organizational skills • Excellent analytical, communication and presentation skills

• Strong experience at integrating IT/Systems to improve accounting productivity and accuracy

• Expert at working with external auditors, compliance and regulatory oversight

• Good experience at change leadership, change management and conflict resolution

• Bachelor's Degree in Accounting, Finance, Management

• CPA or MBA preferred