Pathway Capital Funding, Inc.
Location
West Palm Beach, FL | United States
Job description
The Palm Beach County Black Business Investment Corporation (BBIC) and Pathway Capital Funding (PCF) seek to fill the position of Finance Manager. The Finance Manager works collaboratively with the Board of Directors, President, and Loan Officer to develop, recommend, and implement strategies to ensure the organization has the financial resources to achieve its current and future goals. Once financial strategies are approved, the Director of Finance is the lead on implementation, working closely with the President.
The Finance Manager will participate in organizational budgeting (near and long-term), capital management, loan loss reserve accounting, investment, and cash management, and purchasing activities. The Finance Manager will collaborate with the President to seek and acquire new loan capital and grants from a variety of sources. The Director will negotiate and manage consultant and vendor contracts related to the audit, human resources, insurance, benefits, and building management, and property leases. On financial matters, the Finance Manager will represent the organizations to financial partners, including financial institutions, funders, Federal and State agencies, and auditors.
The Finance Manager will lead all day-to-day finance operations, including functional responsibility for accounting, accounts payable and receivable, payroll, and grants administration. With the support of the President, the Finance Manager will ensure that the organizations have the systems and procedures in place to support effective program implementation and flawless audits. The Finance Manager will work closely with the program staff to educate them regarding financial procedures and explore how the finance function can support program operations.
REPORTS TO: President
DUTIES & RESPONSIBILITIES
Budgeting:
· Work collaboratively with the Board of Directors and President, prepares the detailed annual operating budget with clearly articulated projections and sound financial assumptions. Present the budget to the Board of Directors for review and approval.
· Prepare monthly, quarterly, and annual budget performance reports for the President and Board of Directors.
· Monitor CDFI and lending industries to identify potential financial risks
Financial Management, Planning and Reporting:
· Establish systems to track financial results with an emphasis on leading indicators, financial ratios, and industry performance benchmarking.
· Assure that all financial obligations are comprehensively monitored for compliance, including balance sheet, operating, reserve, and leverage covenants.
· Manage and monitor the organization’s cash flow and lending capital needs.
Compliance and Audit:
· Administer, monitor, and recommend improvements to internal financial policies and procedures to industry-leading controls and services.
· Develop and implement strategies to recognize and mitigate financial risks.
· Perform monthly bank reconciliations for review by President.
· Perform monthly portfolio and balance sheet reconciliations, including reconciliation accounting and portfolio management software.
· Direct, manage, and support the preparation and issuance of the annual audit.
· Meet with external auditors to plan audit, provide auditor with requested reports and data in a timely manner, and provide other support as required to ensure a clean audit.
· Lead preparation of the organization’s IRS Form 990.
Payroll and Benefits:
· Enroll new employees in appropriate compensation and benefit programs.
· Process bi-weekly payroll, including salary, taxes, and retirement plan.
· Process benefits: health, life insurance, workers compensation, unemployment, and retirement.
Enterprise Risk Management & Systems
· Maintain a strong internal control environment by following established policies and procedures.
· Report all emerging problem loans to management when weaknesses are detected.
· Use relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
Requirements
The ideal candidate for the Finance Manager position will possess the following qualifications:
· Enthusiasm for the mission of the Palm Beach County Black Business Investment Corporation and Pathway Capital Funding, Inc.
· Knowledge and experience with lending operations, loan funds, and nonprofit organizations are strongly preferred. Experience analyzing and managing portfolio risk is highly beneficial.
· Strong financial planning and analysis skills. Ability to synthesize and analyze large quantities of data and translate this information into an understandable narrative format.
· Thorough knowledge of accounting principles and practices as well as budgeting, purchasing, and electronic data processing applications.
· Fluency with Microsoft Office suite, in particular Excel, and QuickBooks is required.
· Strongly self-motivated and able to follow through in completing high-quality, detailed work with minimal supervision.
· Capacity to prioritize and simultaneously manage multiple tasks to meet internal and external deadlines.
· Ability to maintain confidentiality.
· Excellent communications and relationship building/management skills.
· Ability to prepare clear, accurate, well-organized written communications and to communicate verbally in an effective and concise manner.
Interested candidates should email a resume/CV, thoughtful cover letter that outlines how your skills and experience meet the qualifications of the position, and salary requirements to [email protected] with “Finance Manager” in the subject line. Palm Beach County Black Business Investment Corporation and Pathway Capital Funding is an equal opportunity employer and welcomes candidates from diverse backgrounds.
Job Type: Full-time
Pay: From $70,000.00 per year
Benefits:
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Ability to Relocate:
Work Location: In person
Job tags
Salary
