Vice President Finance | Quad Cities Community Foundation
The Quad Cities Community Foundation is the place where generous people in the Quad Cities (and beyond!) make gifts to support the community, specific organizations and causes most important to them. Quad Cities Community Foundation is an independent, public charity with a team of Quad Citizens committed to listening to donors’ charitable goals, and then working alongside them to help them best meet their hopes and dreams.
The Vice President of Finance leads, manages and evaluates the Community Foundation’s financial activities including planning, forecasting and analysis; development and management of accounting and investment procedures, compliance, and budgets. Ultimately the Vice President ensures the timely accuracy of all financial reporting activities. As a member of the Executive Team, the VP Finance will interface with the Board Treasurer, Investment Committee Chair and Audit Committee Chair.
Principal Duties and Responsibilities
Oversee all aspects of the Community Foundation’s financial assets and maintain effective internal controls in a manner that is readily understood and adhered to by all staff. Ensure compliance with FASB and other accounting regulations such as generally accepting accounting principles; regulatory filings including 990.
Know and ensure all finance and investment activity complies with National Standards for Community Foundations.
Responsible for all aspects of annual audit as well as Audit Committee.
Provide financial reports and analysis for internal and external use: includes financial statements for the Board, quarterly dashboard, and internal reports.
Work closely with Investment Consultant and Investment Committee in the management of manage all invested assets, limiting risk while maximizing long-term returns of the organization and ensuring adherence to Investment Policy Statement. This includes responsibility for all aspects of Investment Committee and relations with investment advisors/managers.
Identify and develop expanded financial opportunities for revenue achievement and expense control to further support the financial needs of the organization, including review and updating of financial policies such as spending and Foundation support changes.
Develop a long-term, strategic financial assessment related to all major decisions affecting the Community Foundation, including development of strategic plans and updates.
Prepare and monitor annual operating budget. This includes responsibility for all aspects of Finance Committee in their oversight of the Community Foundation expense and revenue reports, policies and recommendations in alignment with the current strategic plan.
Provide Executive Team with quarterly financial updates by department, forecast and cash management information, spending rate calculations on endowment funds and income available to spend and other information needed for development and grant making/community initiatives strategic goals.
Oversight and ultimately responsible for all accounting activities.
Education and Past Experience
Bachelor’s Degree in the areas of finance and accounting.
Advanced degree and/or CPA preferred.
Five-ten years of successful experience as a Financial Executive. Strong preference for someone who has worked in a community foundation.
Could be a VP of Finance from a smaller or equally sized (assets) as the Quad Cities or a controller of a large organization- at least 5 years in a controller’s position.
Experience and knowledge of the nonprofit sector, foundations, public/fund accounting and investment management.
Experience and knowledge of planned-giving and gifts of complex assets such as real estate, farmland, etc.