Director of Finance & Operations
Minnesota Council of Nonprofits, Minneapolis, Minnesota, United States, 55400
Overview
The Black Collective Foundation MN (The Collective) is a growing community foundation that advances the genius of Black-led change through bold investments and community, philanthropic, and business partnerships. The Collective seeks a strategic and innovative leader with experience in organizational finance and operations execution to work in partnership with the President & Co-Founder in carrying the Foundation to the next level of impact.
About the Black Collective Foundation MN
The Black Collective Foundation MN is Minnesota's first Black community foundation using philanthropy as a tool to fuel a thriving ecosystem of Black-led change. Together, we are advancing the genius of Black-led change and building a community where all Black people are holistically well, living in dignity and prosperity.
The Director of Finance & Operations is a leadership role responsible for overseeing the organization’s financial health, operational infrastructure, and internal systems. This role partners closely with the President & Co-Founder and leadership team to ensure fiscal responsibility, operational excellence, compliance, and organizational sustainability. The ideal candidate is both strategic and hands-on, comfortable building systems while managing day-to-day execution.
This is a full-time, hybrid position with in-person meetings and engagements. The Black Collective Foundation MN is an organization with a statewide focus; community context is an integral aspect of creating effective strategies to achieve the Foundation’s mission. As such, the incumbent to this position must reside within the state of Minnesota and within commutable distance to regular meetings located within the Twin Cities and surrounding areas.
The Director of Finance & Operations will work closely with the President & Co-Founder to enhance and lead key program strategy and project plans.
Key Responsibilities
Financial Leadership & Strategy: Provide strategic financial leadership, including budgeting, forecasting, cash flow management, and financial planning.
Develop and manage the annual organizational budget in partnership with leadership.
Prepare and present regular financial reports and dashboards for leadership and the Board, translating financial data into clear, actionable insights.
Ensure strong internal controls, financial policies, and compliance with nonprofit accounting standards and regulations.
Support grant budgeting, tracking, and reporting for restricted and unrestricted funds.
Accounting & Financial Systems Management: Oversee day-to-day accounting operations, including accounts payable and receivable, bank reconciliations, journal entries, and month- and year-end close.
Maintain and optimize the organization’s accounting system (e.g., QuickBooks Online), including chart of accounts and system integrations.
Develop custom financial reports, including cash flow projections, grant-level and project-based financial tracking.
Establish and manage electronic accounts payable, expense management, and corporate card systems to improve efficiency and transparency.
Create and maintain reconciliation processes between accounting systems and donor CRM or fundraising platforms.
Compliance, Audit & Governance Support: Coordinate preparation of annual audits, Form 990, and other required financial filings in partnership with external auditors and tax preparers.
Ensure timely issuance of contractor 1099s and completion of required state and regulatory renewals.
Prepare financial materials for Board and committee meetings and participate in meetings as needed.
Support Board finance and audit committees, as applicable.
Operations & Organizational Infrastructure: Oversee organizational operations including contracts, insurance, vendor management, and risk management.
Lead operational setup and scaling activities, including payroll systems, benefits administration, and staff onboarding infrastructure.
Source, recommend, and manage relationships with payroll providers, benefits administrators, and financial vendors.
Oversee implementation and administration of employee benefits programs, including enrollment and compliance requirements.
Partner with leadership to improve internal workflows and cross-functional systems that support programs, development, and communications.
Policies, People Operations & Special Projects: Develop, review, and maintain organizational policies and procedures related to finance, operations, human resources, governance, and fundraising.
Partner with leadership on equitable compensation practices and transparent financial operations.
Manage special projects related to financial systems, organizational planning, campaigns, or growth initiatives.
Contribute to long-term organizational sustainability and capacity-building strategies.
Qualifications
7+ years of progressive experience in finance and operations, preferably in nonprofit or mission-driven organizations.
Strong knowledge of nonprofit financial management, budgeting, and compliance.
Proficient knowledge of QuickBooks Online (QBO).
Experience managing audits, grants, and multiple funding streams.
Demonstrated ability to build systems and processes in growing organizations.
Strong analytical, organizational, and communication skills.
Commitment to racial justice, equity, and values-aligned leadership.
High emotional intelligence, discretion, and sound judgment.
Proficiency with Google Workspace, project management tools, and virtual meeting platforms.
Self-initiated and able to plan and manage own work. Able to solve routine problems independently.
Understands confidential nature of organization information and maintains confidences.
Preferred Qualifications & Experience: Experience working with Boards and senior leadership.
Familiarity with fiscal sponsorship models and complex funding structures.
Experience managing HR operations or working closely with HR consultants.
Proficiency with financial software and nonprofit accounting systems.
Compensation Salary $90,000 - $100,000 commensurate with experience, plus a comprehensive benefits package.
The Black Collective Foundation MN offers a competitive base salary for this role, as well as excellent benefits and perks, including:
Health Insurance: 80% for the Employee and Dependents
Life Insurance
Dental Insurance
Short-Term & Long-Term Disability
Flexible PTO Policy
Retirement up to 3% match with enrollment in SIMPLE IRA
Tech Reimbursement, Remote Work Setup Allotment
Professional Development (PD)
Whole-Person Wellness
Membership at the Coven, co-working space
Physical Requirements
Ability to communicate with people both in and out of the office environment as well as during community-based events.
Visual ability to review detailed reports and information on the computer as well as in hard copy form.
Apply manual dexterity for computer keyboarding and office equipment use.
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About the Black Collective Foundation MN
The Black Collective Foundation MN is Minnesota's first Black community foundation using philanthropy as a tool to fuel a thriving ecosystem of Black-led change. Together, we are advancing the genius of Black-led change and building a community where all Black people are holistically well, living in dignity and prosperity.
The Director of Finance & Operations is a leadership role responsible for overseeing the organization’s financial health, operational infrastructure, and internal systems. This role partners closely with the President & Co-Founder and leadership team to ensure fiscal responsibility, operational excellence, compliance, and organizational sustainability. The ideal candidate is both strategic and hands-on, comfortable building systems while managing day-to-day execution.
This is a full-time, hybrid position with in-person meetings and engagements. The Black Collective Foundation MN is an organization with a statewide focus; community context is an integral aspect of creating effective strategies to achieve the Foundation’s mission. As such, the incumbent to this position must reside within the state of Minnesota and within commutable distance to regular meetings located within the Twin Cities and surrounding areas.
The Director of Finance & Operations will work closely with the President & Co-Founder to enhance and lead key program strategy and project plans.
Key Responsibilities
Financial Leadership & Strategy: Provide strategic financial leadership, including budgeting, forecasting, cash flow management, and financial planning.
Develop and manage the annual organizational budget in partnership with leadership.
Prepare and present regular financial reports and dashboards for leadership and the Board, translating financial data into clear, actionable insights.
Ensure strong internal controls, financial policies, and compliance with nonprofit accounting standards and regulations.
Support grant budgeting, tracking, and reporting for restricted and unrestricted funds.
Accounting & Financial Systems Management: Oversee day-to-day accounting operations, including accounts payable and receivable, bank reconciliations, journal entries, and month- and year-end close.
Maintain and optimize the organization’s accounting system (e.g., QuickBooks Online), including chart of accounts and system integrations.
Develop custom financial reports, including cash flow projections, grant-level and project-based financial tracking.
Establish and manage electronic accounts payable, expense management, and corporate card systems to improve efficiency and transparency.
Create and maintain reconciliation processes between accounting systems and donor CRM or fundraising platforms.
Compliance, Audit & Governance Support: Coordinate preparation of annual audits, Form 990, and other required financial filings in partnership with external auditors and tax preparers.
Ensure timely issuance of contractor 1099s and completion of required state and regulatory renewals.
Prepare financial materials for Board and committee meetings and participate in meetings as needed.
Support Board finance and audit committees, as applicable.
Operations & Organizational Infrastructure: Oversee organizational operations including contracts, insurance, vendor management, and risk management.
Lead operational setup and scaling activities, including payroll systems, benefits administration, and staff onboarding infrastructure.
Source, recommend, and manage relationships with payroll providers, benefits administrators, and financial vendors.
Oversee implementation and administration of employee benefits programs, including enrollment and compliance requirements.
Partner with leadership to improve internal workflows and cross-functional systems that support programs, development, and communications.
Policies, People Operations & Special Projects: Develop, review, and maintain organizational policies and procedures related to finance, operations, human resources, governance, and fundraising.
Partner with leadership on equitable compensation practices and transparent financial operations.
Manage special projects related to financial systems, organizational planning, campaigns, or growth initiatives.
Contribute to long-term organizational sustainability and capacity-building strategies.
Qualifications
7+ years of progressive experience in finance and operations, preferably in nonprofit or mission-driven organizations.
Strong knowledge of nonprofit financial management, budgeting, and compliance.
Proficient knowledge of QuickBooks Online (QBO).
Experience managing audits, grants, and multiple funding streams.
Demonstrated ability to build systems and processes in growing organizations.
Strong analytical, organizational, and communication skills.
Commitment to racial justice, equity, and values-aligned leadership.
High emotional intelligence, discretion, and sound judgment.
Proficiency with Google Workspace, project management tools, and virtual meeting platforms.
Self-initiated and able to plan and manage own work. Able to solve routine problems independently.
Understands confidential nature of organization information and maintains confidences.
Preferred Qualifications & Experience: Experience working with Boards and senior leadership.
Familiarity with fiscal sponsorship models and complex funding structures.
Experience managing HR operations or working closely with HR consultants.
Proficiency with financial software and nonprofit accounting systems.
Compensation Salary $90,000 - $100,000 commensurate with experience, plus a comprehensive benefits package.
The Black Collective Foundation MN offers a competitive base salary for this role, as well as excellent benefits and perks, including:
Health Insurance: 80% for the Employee and Dependents
Life Insurance
Dental Insurance
Short-Term & Long-Term Disability
Flexible PTO Policy
Retirement up to 3% match with enrollment in SIMPLE IRA
Tech Reimbursement, Remote Work Setup Allotment
Professional Development (PD)
Whole-Person Wellness
Membership at the Coven, co-working space
Physical Requirements
Ability to communicate with people both in and out of the office environment as well as during community-based events.
Visual ability to review detailed reports and information on the computer as well as in hard copy form.
Apply manual dexterity for computer keyboarding and office equipment use.
#J-18808-Ljbffr