Job Alert! Finance Director at LIFT

Community L.I.F.T. Inc., Summary

Since 2011, Community LIFT (LIFT), a nonprofit economic and community development intermediary has been a catalyst for change, working to advance Memphis by enabling the revival of its distressed neighborhoods. We attract national dollars and align them with local resources. Together those investments are strategically distributed in the form of grants to community development corporations and grassroots leaders for maximum impact. LIFT also operates an affiliate organization called River City Capital Investment Corp., which serves as its economic development arm. River City Capital primarily makes loans to spur job creation and better educational outcomes and to increase quality affordable housing.

Position Title: Finance Director

Position Summary

The Finance Director will be a strategic thought-partner and report to the president. The successful candidate will be a hands-on and participative manager and will lead and develop an internal team to support the following areas: finance, business planning and budgeting of both LIFT and River City Capital. The Finance Director will play a critical role in partnering with the team and Board of Directors in strategic decision making and operations as Community LIFT continues to enhance its quality programming and build capacity. This is a tremendous opportunity for a finance leader to maximize and strengthen the internal capacity of a well-respected, high-impact organization.

Primary Responsibilities

75% Financial Accounting and Reporting

• Analyze and create financial reports and statements in an accurate and timely manner with generally accepted accounting principles (GAAP); clearly communicate monthly and annual financial statements; collate financial reporting materials for all donor segments, and oversee all financial, project/program, and grants accounting

• Prepare bookkeeping, including maintenance of the general ledger, accounts payable, accounts receivable, petty cash, and payroll

• Coordinate and lead the annual audit process, liaise with external auditors and the finance committee of the board of directors; assess any changes necessary

• Manage organizational cash flow and forecasting; Reconcile bank and investment accounts; Review monthly results and implement monthly variance reporting

Monitor progress and changes and keep directors abreast of their program’s financial status and the organizations overall financial health

• Implement contracts management and financial management/reporting system; ensure that the contract billing and collection schedule is adhered to and that financial data and cash flow are steady and support operational requirements

• Update and implement all necessary business policies and accounting practices; improve the finance department’s overall policy and procedure manual

• Effectively communicate and present the critical financial matters to the board of directors

• Document and maintain complete and accurate supporting information for all financial transactions

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