The Director of Accounting and Finance is responsible for
oversight and safeguarding of the Foundation's assets and ensuring
that financial transactions are properly recorded. This position
oversees all financial activities, reporting on revenue and
expenses, training of accounting staff, disbursement of funds,
management of risk, implementation and enforcement of accounting
policies and procedures, and improvement of internal controls and
financial processes. The Accounting and Finance Director maintains
appropriate systems and processes to ensure effective financial
reporting, accurate and timely filing of tax returns, and
successful annual financial audit outcomes. Ensures that accounting
activities are aligned with the Foundation's financial policies and
in compliance with applicable federal, and state regulations, and
- Prepare the audited annual financial statements and the 990-PF
and 990-T tax returns with assistance from a CPA firm.
- Direct the month- and year-end financial close processes.
- Manage the implementation of the annual budget. Prepare and
distribute monthly revenue and expense variance reports to
Executive and Division Directors.
- Maintain and make improvements to the general ledger,
third-party solutions, such as PN3 accounts payable processing, and
financial reporting systems.
- Ensure compliance with GAAP, FASB, GAS, and IRS regulations
applicable to private foundations.
- Design, implement, and maintain appropriate internal controls
and other safeguards to protect assets and prevent fraud.
- Prepare and distributes monthly, quarterly, and annual
financial performance and cash flow forecasts.
- Work closely with independent auditors, and acts as the primary
liaison with the members of the Audit Committee.
- Develop workforce strategies to create desirable work
experiences, such as encouraging professional development and
assigning meaningful work, to attract and retain high-performing
- Responsible for developing, updating and communicating document
retention policy for accounting information, including tax returns,
contracts, purchase orders, invoices, and emails among many other
physical and digital records.
- Verify that grant commitments and payments are recorded in the
- Work with Human Resources to ensure that the hiring of vendors
and consultants is performed in compliance with federal and state
- Other related duties as assigned.
- Directly and indirectly, supervises the work of four accounting
KNOWLEDGE, SKILLS, AND ABILITIES
- Expertise in financial and investment accounting, auditing,
budgeting, tax return preparation, financial planning, and
- Deep knowledge of GAAP, FASB, GAS, and IRS regulations
applicable to private foundations
- Practical experience with banking and treasury management
- Familiarity with governance, and financial reporting
requirements applicable to private foundations'
- Proficiency with Microsoft Dynamics GP (Great Plains)
accounting software, Microsoft FRx financial reporting and analysis
software, and cloud-based PN3 accounts payable processing
- Excellent oral and written communications skills
- Strong presentation skills, required for the audit committee
and board meetings
- Ability to prioritize to meet deadlines, manage workload
effectively, and allocate resources to accomplish the most
- Inclination to work autonomously
- Effectively communicate and interact with the Board of
Directors, co-workers, auditors, vendors, and regulatory and
- Ability to organize, motivate and manage project teams
- Skill in using standard software packages (e.g., Word, Excel,
PowerPoint) and finance and accounting applications FRX, Great
- Strong organizational skills, detail orientation, and
- Ethics and personal and professional integrity are a must and
in accordance with the Annenberg Code of Ethics (https://annenberg.org/wp-content/uploads/2018/03/annenberg-foundation-code_of_ethics.pdf)
- EDUCATION, EXPERIENCE, AND CERTIFICATIONS
- Bachelor's degree in accounting, finance, or business
administration. CPA, MBA, or CMA preferred
- 7-10 years of senior-level financial accounting experience,
preferably in the nonprofit sector
- Equivalent combination of education and experience is
ENVIRONMENTAL FACTORS AND CONDITIONS/PHYSICAL
The physical demands described here are representative of those
that must be met by an employee to successfully perform the
essential functions of this job. Reasonable accommodations will be
made to enable individuals with disabilities to perform the
essential functions of the position.
Work is performed primarily in a professional office setting
utilizing telephone, computer, and office equipment.
Performing the duties of this position requires regular and
repetitive hand/wrist/finger motion and visual focus (close vision
and ability to adjust focus), including an extensive review of
financial reports, leases, contracts, and tax documents. The
employee is regularly required to stand and/or sit for long
periods, talk and hear both in person and by telephone, and reach
with hands and arms. The employee is occasionally required to walk,
climb, stoop or bend, and lift up to 15 pounds. This position
may also spend time on-site visits, in public venues, and/or at
conferences, events, and meetings with partners. While performing
the duties of this position, the employee is regularly required to
work on multiple concurrent tasks with constant interruptions, read
and interpret documents and information, use oral communication
skills, and interact with Foundation staff, the general public, and
others encountered in the course of work, some of whom may be
dissatisfied, demanding, and/or angry individuals