Director of Finance

About MENTOR

Potential is equally distributed; the opportunity is not. A major driver of healthy development and opportunity is who you know and who’s in your corner.

30 years ago, MENTOR was created to expand that opportunity for young people by building a youth mentoring field and movement, serving as the expert and go-to resource on quality mentoring. The result- a more than 10x increase in young people in structured mentoring relationships, from hundreds of thousands to millions.

Today, we activate a movement across sectors that is diverse and broad and seeps into every aspect of daily life. We are connecting and fueling opportunities for young people everywhere they are, from schools to workplaces and beyond.

Commitment to Diversity

MENTOR is committed to fostering an environment of diversity and inclusion for all. We embrace our differences and celebrate our common humanity in advancing awareness of the need for a transformative power of supportive relationships for our young people. We believe that varied perspectives, experiences, and opinions are central assets in our mission to close the mentoring gap. As we seek to build the most complementary team when it comes to skill, perspective, and experience, we strongly encourage candidates from underrepresented communities to apply.

The Position

MENTOR seeks a Director of Finance to play an integral role in supporting the effective, efficient and strategic management of the organization to ensure the organization achieves its plans for growth in alignment with its mission, vision and values. This individual will report to the Chief Financial and Administrative Officer and be a key player supporting MENTOR’s operations and helping fuel its impact. The Director of Finance oversees MENTOR’s operating and investment funds, develops cash management strategies, and provides accurate and timely financial reporting to all divisions within the organization so that each division can effectively and strategically manage their respective programs. The Director also prepares all financial reports needed for senior staff, CEO and Board of Director’s review. The successful candidate will be comfortable working both independently and collaboratively within a small, close-knit team, and thrive in a fast-paced, deadline driven environment. The Director of Finance will manage one staff member with the potential for that to expand as the team grows.

Key Responsibilities:

Financial System Management

• Identify and implement solutions to improve the organization’s financial functions, including adoption of new technologies and programs to enhance efficiencies and improve processes.

• In collaboration with the CFAO, formulate, recommend, and implement sound fiscal policies, procedures, and controls consistent with GAAP and organization policies.

• Lead an internal process for engaging/educating departmental staff on monthly financial performance, resource allocation, and annual budget preparation/revision.

Financial Data Accuracy & Reporting

• Manage the day-to-day financial tasks, grants management, accounts payable and receivable, purchasing, bank reconciliations, insurance, and tax reporting, as well as planning and monitoring of cash flow.

• Prepare, analyze, and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly and annual financial statements including creating metrics, key performance indicators, and dashboards to support departmental and organizational growth.

• Collaborate with development teams to assemble budgets and financial reports for all donor segments, and oversee all financial, project/program and grants accounting.

• Manage the monthly close of the organization’s books and records.

Financial Modeling & Forecasting

• Monitors financial performance by developing forecasts and measuring results and analyzing variances and suggesting corrective actions.

• Creates and leverages financial systems and models to forecast, report, and analyze revenue and expenses beyond the current FY to ensure the organization can make financially informed long-term decisions.

Compliance & Risk Management

• Ensure that the annual audit and Form 990 preparation is completed in accordance with GAAP and other requirements and in a timely manner.

• Ensure that recordkeeping and record retention in the organization complies with applicable federal, state, and local laws and regulations.

• Ensure full compliance with grant requirements, contract obligations, funder covenants, and governmental regulations.

• Maintain the corporate insurance portfolio including D&O, E&O, and property.

Budget Management

• Oversee and lead annual budget development process in consultation with the organizational senior leadership.

• Support budget managers in monitoring their budgets vs. actuals and making informed financial decisions in accordance with the organization’s policies and procedures.

• Assist with the preparation of budgets for funding applications and ensure proper revenue recognition procedures are followed once grants and contracts are secured.

Qualifications

There are innumerable ways to learn, grow, and excel professionally. We respect this when we review applications and take a broad look at the experience of each applicant. We want to get to know you and the unique strengths you will bring to the work. This said, we are most likely to be interested in your candidacy if you can demonstrate the majority of the qualifications and experiences listed below.

• 8+ years of management-level experience in nonprofit financial management.

• Demonstrated knowledge of GAAP, particularly of different types of revenue recognition including fund accounting and fee for service income.

• Excellent skill in financial planning and analysis.

• Demonstrated strength in presenting information effectively and responding to needs and questions from different internal and external audiences.

• Ability to formulate, initiate and administer policies and procedures for effective fiscal control.

• Experience managing government funds a plus.

• Experience with Sage Intacct and extensive experience with Microsoft Excel.

• Track record of success in developing a collaborative working environment and implementing integrated systems within finance and accounting that promote accountability and streamlined processes.

• Ability to complete responsibilities accurately and in a timely manner, often with strict and/or conflicting deadlines.

• Bachelor’s degree preferred; MBA or CPA useful.

Making the Decision to Apply

This is a hybrid/remote role, with preferences for candidates living in Greater Boston. Occasional evenings and travel will be required. For candidates who are based in Boston, where MENTOR National has offices, employees work in the office 2 days a week or 8 days a month.

We hope to have phone interviews in May with select candidates, followed by video interviews with Chief Financial & Administrative Officer, Beth Tallarico . A few finalists will have a virtual interview day with other staff and leadership at MENTOR, followed by a holistic reference check process. The expected start date is June/July 2023.

Compensation and Benefits

Salary for this role will be commensurate with experience and starts at $90,000-$100,000. Full-time employees are eligible for benefits including health, dental, vision, 403(b), a commuter stipend, life insurance, short- and long-term disability, student loan repayment assistance, and a generous vacation policy. The summary of the benefits can be found HERE.

MENTOR is an Equal Opportunity Employer and encourages candidates of all backgrounds to apply. Diversity of opinions, experiences, and backgrounds is a key asset.