Vice President, Finance

Vice President, Finance

The Washington Center

Washington, DC   |   October 27, 2021

About The Washington Center

The Washington Center provides immersive internships and academic seminars to students from hundreds of colleges and universities and young professionals from across the U.S. and more than twenty-five countries.

We help students who otherwise may not have the opportunity to pursue their interests, experience what a successful career looks like, and establish a path toward their professional future. Along the way, we inspire them to become well-informed, public-spirited, and more socially engaged in their communities.

As the largest, most established program of our kind, we have 75+ dedicated, full-time staff and more than 600 higher education, corporate, government, foundation, and internship host partners. We are independent, not-for-profit, and committed to providing transformative educational experiences that change lives.

More than 60,000 TWC alumni have gone on to serve the public, private, and nonprofit sectors. They hold leadership positions in virtually every career field, including law, education, social work, medicine, journalism, diplomacy, business, and politics. 

Our Mission

The Washington Center is the bridge between higher education and professional careers—leveraging all of what Washington, D.C. has to offer to provide dynamic, experiential learning opportunities to empower and motivate young people to become engaged global citizens.

To learn more about The Washington Center, go to www.twc.edu.

The Opportunity

The Vice President, Finance (VP) will report to the COO and serve as a member of the leadership team and oversee a team across finance, accounting, grants, and contracts. The VP will have the responsibility of managing an annual budget of $20+ million. The VP leads TWC’s ERP system, balancing compliance with innovation to ensure that internal systems and processes are effective and efficient. The VP is also responsible for overseeing the federal grants management with over 15 grants, leading, and mentoring the finance/accounting team, and partnering with the leadership team to support planning for the ongoing advancement and sustainability of the organization.

The VP will need to be an expert financial leader, able to establish the vision and systems necessary for TWC’s long-term financial health and will collaborate and with multiple constituencies—the board, leadership team, and program leads. As the leader of finance, the VP will be responsible for establishing clear goals and benchmarks, as well as establishing and improving systems that are crucial for long-term institutional health across a range of internal teams and functions. The position requires a strategic thinker who clearly, confidently communicates the big picture and the nuanced details alike. The VP will need to balance a long-term view with immediate needs and challenges, in addition to having a passion for The Washington Center and comfort navigating a complex and evolving educational nonprofit organization.

Primary responsibilities include:

Financial Operations

  • Oversee the strategic and tactical financial operations for the organization, including annual budgeting and forecasting, the annual financial audit, and 990 Tax Return.
  • Assess and evaluate financial performance of the organization regarding short-term and long-term operational goals, budgets, and forecasts.
  • Ensure timely and accurate submission of monthly financial statements, federal and private grant reporting, and other key financial data.
  • Review estimates and cost/benefit analyses in the areas of finance, grants, and contracts.
  • Manage financial planning and analysis, including actual to budget and rolling forecasts.
  • Manage cash flow planning process and ensures funds availability.
  • Represent TWC to banks, financial partners, institutions, auditors, and officials. Maintain banking relationships and strategic alliances with vendors and business partners.
  • Negotiate the organization’s indirect cost rate agreement
  • Report regularly to the COO and the President on short-term and mid- term financial operations and sustainability.
  • Provide strategic recommendations to the President and COO based on financial analysis and projections, cost identification and allocation, and revenue/expense analysis.

Compliance Oversight

  • Ensure compliance with all aspects of federal grants and ensure TWC’s policies and procedures are compliant with federal grant requirements.
  • Ensure compliance with all aspects of fundraising including allocation of all fund ties. i.e., endowment, scholarship, and all directed funds.
  • Ensure the organization’s policies and procedures reflect strong and effective internal controls, including signatory authorities.
  • Remain current on audit best practices as well as state, federal, and local laws regarding organization operations.
  • Identify and manage business risks and insurance requirements.

Strategy and System Design

  • Supervise creation of reports, dashboards, software implementation, and tools for budgeting and forecasting.
  • Identify, acquire, and implement systems and software to provide critical financial and operational information.
  • Create and establish yearly financial objectives that align with the organization’s plan for growth and expansion and provide insight for both short-term and long-term growth.
  • Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets.
  • Direct the planning, development, and implementation of grant proposals, budgeting, analyses of grant-related activities and performance, grant progress and final reporting requirements, and expense and vendor contract authorizations.

Leadership

  • Serve on the leadership team, providing counsel to the President, COO, and the senior staff team.
  • Supervise an accounting team, setting clear and specific performance goals and expectations, and periodic performance reviews.
  • Primarily responsible for planning, communications, and reporting to the TWC’s Finance Committee of the Board of Trustees.
  • Conduct an assessment of the current team structure and develop and implement a more efficient and effective team model.
  • Report out to the Board as requested by COO and the President.
Qualifications

The VP, Finance must share The Washington Center’s community’s commitment to bridge between higher education and professional careers to provide dynamic, experiential learning opportunities to empower and motivate young people to become engaged global citizens.

Additionally, for this position we’re looking for candidates that possess a combination of the following skills:

  • At least 10 years of proven managerial experience at both the strategic and tactical level in financial management.
  • Proven accounting or finance background and CPA preferred.
  • Nonprofit experience preferred.
  • Experience with federal grant accounting, reporting and compliance.
  • Demonstrated commitment to diversity, equity and inclusion and supporting employee professional development.
  • Strategic thinker with an open and collaborative style of leadership.
  • Ability to anticipate emerging issues and proactively implement policy and programmatic solutions.
  • High preference for experience with Salesforce CRM.
  • Demonstrated understanding of effective yet scalable accounting operations and of GAAP with emphasis on non-profits.
  • Experience with variety of technologies to support the overall accounting, treasury, and financial reporting functions.
  • Commitment to outcomes, deadlines, and technical excellence; supporting staff to reach same benchmark.
  • Independent thinking, analysis, and decision-making skills.
  • Ability to balance the demands of big-picture strategy with a day-to-day orientation to important details.
  • Proven people manager with strong track record coaching, empowering, and developing staff and supporting a culture that is respectful, fast-paced, and mission-driven.
  • Experience identifying and implementing new systems, platforms, and processes that result in greater efficiency and innovation.
  • Excellent business skills with the ability to comprehend programmatic activities and convey complex financial and technical information to people with varying levels of financial expertise.
  • Strong written and oral communicator with excellent presentation and organizational skills.
  • High standards of performance, eager to pursue ambitious goals, and works hard and smart to achieve them.
  • Highly collaborative with excellent relationship-building skills.
  • Exceptional customer service orientation and able to foster a resourceful, proactive, and results-oriented culture within and across teams.
  • Personal qualities of integrity, credibility, transparency and commitment to values, mission and vision.
Compensation & Benefits

This is a full-time position. The Washington Center offers an excellent benefits package and an anticipated salary range of $150,000 – $170,000.

Contact

Liz Lombard and Angie Sessoms of Koya Partners have been exclusively retained for this search. To express your interest in this role please submit your materials here or to Angie directly at [email protected]. All inquiries and discussions will be considered strictly confidential.

About Koya Partners

Koya Partners, a part of the Diversified Search Group firm, is dedicated to connecting exceptionally talented people with mission-driven clients. Our founding philosophy—The Right Person in the Right Place Can Change the World—guides our work as we partner with nonprofits & NGOs, institutions of higher education, responsible businesses, and social enterprises in local communities and around the world. At Koya, we don’t just accept difference—we celebrate it, support it, and thrive on it for the benefit of our team, our clients, and the communities we serve.

Koya is an equal opportunity employer fully committed to creating an environment and team that represents a variety of backgrounds, perspectives, styles, and experiences. We encourage all to apply because we believe a diversity of voices leads to better discussions, decisions, and outcomes for everyone. Koya does not discriminate on the basis of race, color, national origin, religion, sex, disability, age, sexual orientation, military status, veteran status, genetic information, gender identity, or any other characteristic protected by applicable federal, state, or local law. For more information about Koya Partners, visit www.koyapartners.com.