Senior Director of Finance and Compliance
Greater Memphis Chamber
Job Description
SENIOR DIRECTOR OF FINANCE AND COMPLIANCE
JOB DESCRIPTION
Job Title: Senior Director of Finance and Compliance
Location: Memphis, Tennessee
Reports To: Executive VP of Workforce and Community Development
The Greater Memphis Chamber serves as the fiscal agent for the Greater Memphis Local Workforce Board (GMLWB) and is seeking a Sr. Director of Finance and Compliance to manage the fiscal team and ensure compliance with federal and state regulations.
Position Overview:
The Senior Director of Finance and Compliance is a key leadership role responsible for overseeing the financial management, compliance, and grant accounting functions within the organization. This position will ensure the integrity of financial reporting, manage grant-related finances, and ensure compliance with regulatory requirements. The ideal candidate will have extensive experience in financial management, particularly in grant accounting, and a strong understanding of compliance frameworks.
Key Responsibilities:
Preferred Qualifications:
Please submit your resume, cover letter, and three references to showell@memphischamber.com. Application will remain open until the position is filled. Include "Senior Director of Finance and Compliance" in the subject line.
JOB DESCRIPTION
Job Title: Senior Director of Finance and Compliance
Location: Memphis, Tennessee
Reports To: Executive VP of Workforce and Community Development
The Greater Memphis Chamber serves as the fiscal agent for the Greater Memphis Local Workforce Board (GMLWB) and is seeking a Sr. Director of Finance and Compliance to manage the fiscal team and ensure compliance with federal and state regulations.
Position Overview:
The Senior Director of Finance and Compliance is a key leadership role responsible for overseeing the financial management, compliance, and grant accounting functions within the organization. This position will ensure the integrity of financial reporting, manage grant-related finances, and ensure compliance with regulatory requirements. The ideal candidate will have extensive experience in financial management, particularly in grant accounting, and a strong understanding of compliance frameworks.
Key Responsibilities:
- Financial Management:
- Oversee the financial planning, budgeting, forecasting, and reporting processes.
- Ensure accurate and timely financial reporting, including monthly, quarterly, and annual financial statements.
- Develop and implement financial strategies to support the organization's goals and objectives.
- Monitor and manage cash flow, ensuring adequate liquidity for operations.
- Lead the preparation and presentation of financial reports to the Workforce Board of Directors and Chamber senior management.
- Grant Accounting:
- Manage the financial aspects of grant funding, including budgeting, tracking, and reporting.
- Ensure compliance with all grant agreements, donor requirements, and applicable laws and regulations.
- Work closely with program teams to develop and monitor grant budgets and financial reports.
- Oversee the preparation of grant-related financial reports for the State of Tennessee other funders and stakeholders.
- Develop and maintain systems and processes for grant management and accounting.
- Compliance:
- Ensure compliance with federal, state, and local regulations, as well as donor requirements.
- Oversee the development and implementation of internal controls to safeguard the organization’s assets and ensure the accuracy of financial records.
- Lead the annual audit process, liaising with external auditors and ensuring timely resolution of any audit findings.
- Develop and maintain policies and procedures related to financial management and compliance.
- Provide training and guidance to staff on compliance-related matters.
- Leadership and Management:
- Lead and mentor the finance and compliance teams, fostering a culture of accountability, collaboration, and continuous improvement.
- Collaborate with senior leadership to align financial and compliance strategies with organizational goals.
- Represent the finance and compliance functions in cross-departmental initiatives and strategic planning.
- Provide thought leadership on financial sustainability, risk management, and compliance best practices.
- Strategic Planning:
- Contribute to the development of the local and regional plans that align with long-term financial strategies and organizational goals.
- Identify and assess financial risks and opportunities, providing recommendations to senior leadership.
- May be required to support the development of new funding opportunities, including grant applications and fundraising initiatives.
- Bachelor’s degree in Finance, Accounting, or a related field; CPA or CMA certification preferred.
- Minimum of 10 years of experience in financial management, with at least 5 years in a senior leadership role.
- Proven experience in grant accounting, including managing multi-million-dollar grants from diverse sources.
- Strong knowledge of financial regulations, compliance standards, and audit processes.
- Excellent analytical, strategic thinking, and problem-solving skills.
- Demonstrated leadership ability with experience managing and developing high-performing teams.
- Exceptional communication and interpersonal skills, with the ability to collaborate effectively across departments.
- Proficiency in financial management software and advanced Excel skills.
Preferred Qualifications:
- Experience in the non-profit or public sector.
- Familiarity with federal grant regulations, including OMB Uniform Guidance.
- Experience with financial management systems such as QuickBooks, SAP, or Oracle.
- Commensurate with experience
Please submit your resume, cover letter, and three references to showell@memphischamber.com. Application will remain open until the position is filled. Include "Senior Director of Finance and Compliance" in the subject line.