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OVERVIEW:\ The Director of Finance is accountable for all financial strategies, partnerships, and operations, in alignment with IMANs strategic plan. This role will be responsible for financial planning, budgeting, analysis, reporting, and managing relationships with stakeholders, including donors, grantors, and regulatory bodies. The Senior Director of Finance also ensures legal and regulatory compliance for all accounting and financial functions. This role reports to the Chief Executive Director (CED) and the Founding Executive Director (FED), and participates as a key member of the organization\'s Leadership Team.\ \ KEY RESPONSIBILITIES:\ Strategy, Planning and Management:

Create and establish yearly financial objectives that enable IMANs

strategic plan.

Direct and oversee all aspects of the finance functions of the

organization.

Provide recommendations to strategically enhance financial

performance.

Ensure that effective internal controls are in place and ensure

compliance with GAAP and applicable federal, state and local regulatory laws and rules for funding and tax reporting.

Provide input on revenue opportunities based on economic trends,

analyze internal operations and identify areas of cost reduction and process enhancement.

Perform financial risk management through analysis of IMANs

liabilities and investments, and evaluate and manage capital structure and fundraising initiatives.

Identify, acquire and implement processes and systems to provide

critical financial and operational insights to aid data-driven decision making.

Select and engage consultants, auditors and investors.

Collaborate with HR to recruit, interview and hire finance and

accounting staff as needed.

Represent IMANs Financial Team to the Board Treasurer.

Financial Analysis, Budgeting and Forecasting:

Oversee team to prepare and present timely and consistent financial

reports and forecasts.

Review and analyze monthly financial results, develop and maintain

operating and capital budgets.

Develop and implement financial strategies aligned with the

organization\'s mission, goals, and objectives.

Conduct financial analysis and risk assessment to inform

decision-making and mitigate financial risks.

Accounting, General Ledger, Administration and Operations:

Ensure the proper functioning of all finance systems, databases and

software. Provide regular maintenance and backup of all systems to mitigate risks and issues.

Ensure timeliness and accuracy of financial reports to internal and

external stakeholders.

Oversee the preparation and communication of financial statements.

Oversee the preparation and timely filing of all local, state and

federal tax returns.

Collaborate with Human Resources to ensure appropriate financial

compliance.

Lead financial close processes and actively collaborate with

stakeholders to eliminate waste and inefficiencies in the close process.

Financial Management:

Manage cash flow planning process and partner with Development to

ensure fund availability.

Explore new investment opportunities and provide recommendations on

potential returns and risks.

Maintain outstanding banking relationships and strategic alliances

with vendors and business partners.

Financial Relations and Policies

Engage Finance Committee and/or Board of Directors to develop short

term and long-term plans, projections and budgets, in collaboration with the Executive Office.

Remain current on audit best practices as well as state, federal and

local laws regarding IMAN operations.

Team Management:

Mentor and develop team, managing work allocation, systems training,

performance evaluations, and the building of an effective and efficient team dynamic.

Guide larger, cross-departmental teams outside of direct span of

control.

Provide training and professional development opportunities to

finance team members to enhance their skills and knowledge.

Foster collaboration and communication within the finance team and

across departments.

Cash Management:

Oversee weekly cash management and AP Department, approve large

payables and sign checks.

Supervise AR management and provide guidance relating to the

collection process.

Manage cash flow effectively to support ongoing operations and

long-term sustainability.

Implement strategies to maximize revenue generation and minimize

expenses.

Procurement Oversight and Strategy:

Provide strategic direction and oversight for the company\'s procurement function, ensuring alignment with overall finan

Inner-city Muslim Action Network

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Director of Finance