Director, Financial Planning and Analysis
The Kresge Foundation is a private national foundation, with more than $3.5 billion in its endowment and over 100 employees. Our mission is to expand opportunities in America's cities for low-income people. We do this through grant making and social investing nationally in arts and culture, education, environment, health, human services, as well as community development in Detroit. Kresge’s Detroit Program is one of the foundation's signature efforts, reflecting our commitment to work in one of America's most challenging and dynamic cities and our belief in strategic, interdisciplinary, collective and innovative approaches to urban revitalization.
About the position
Kresge's Finance Department has an immediate opening for a director of financial planning and analysis.
The director will provide strategic and financial planning support to the foundation’s Board of Trustees, Executive Office, management and staff with an eye toward meeting the foundation’s short-, intermediate- and long-term goals and objectives. The director will be responsible for supporting a full range of budget and reporting needs and financial analysis and metrics. This includes providing synthesized reporting of the foundation’s spending and related impact on the foundation’s endowment.
The director will work closely with all parts of the foundation, cultivating positive working relationships, open communication and creating deeper alignment between all programs, practices and departments. The position requires the ability to be proactive and self-directed and must possess sound judgment and initiative to work through multi-part, nuanced and often complex assignments. The director is required to maintain confidentiality and practice discretion.
- Oversees the annual financial planning and budget process, including forecasting and related analytics; works with the CEO and vice presidents to prioritize grant, social investment and operational expenditures along with capital investments.
- Works with the CEO and vice presidents to strategically plan the foundation’s multi-year payout to maximize tax efficiency with minimal impact on grantmaking and social investments; maintain longer-term endowment spending rate and minimum distributions forecasting capabilities.
- Proactively monitors the foundation’s authorized spending level and compliance with annual payout requirements, including forecasting any impact from changes in the endowment values, operating expense assumptions and grantmaking assumptions.
- Prepares and interprets financial models and scenario analyses to advise foundation leadership on key decision points.
- Creates and maintains reporting tools (reports and dashboards) to make data accessible in an accurate and useful format.
- Prepares presentations and supporting documentation for board, executive team and others as required.
- Leads monthly, quarterly and annual financial reporting process.
- Prepares for and conducts regular meetings with departments and department heads to review the status of their program, social investments, operational and capital budgets, maintaining high-quality interactions and clearly communicating with all stakeholders.
- Work with programs, the Program Operations and Information Management, Investments and Finance teams to manage and forecast cash flows for grants, social investments and operations.
- Assists in summarizing and presenting a large amount of data to management in a clear and concise manner; ability to analyze current and past trends in key performance indicators
- Leads process-improvement efforts including automation of manual processes, updating existing financial models, enhancing the reporting of financial and operational data and such as identifying training opportunities and recommending process and system updates.
- This position requires presence in the Kresge offices located in Troy, some local off-site work and light travel.
- Special projects and other duties as assigned.
- Strong commitment to the foundation's vision and values with the ability to demonstrate that commitment in daily interactions.
- Knowledge of, passion for and commitment to the foundation’s mission.
- Five to seven years of leadership and management experience in a complex organization, with a focus on financial planning, analysis and strategy.
- Proven financial strategist with a track record of developing and using sophisticated, data-driven financial models and analytics to support the development of operating and capital plans, financial planning paradigms and meaningful forecasts.
- Acumen in translating financial analyses into meaningful, actionable end products for managers.
- Experience leading, managing and participating on cross-functional teams with shared responsibility for planning, outcomes and decision-making.
- Demonstrated skill in collaborating effectively with others and influencing outcomes and people without a direct supervisory relationship.
- Strong interpersonal and communication skills necessary to interact as a team member and with foundation colleagues and trustees.
- Proficient in Microsoft Office applications, including Excel spreadsheet, modeling and charting capability. Strong PowerPoint skills required.
- Formal hands-on experience with data query and reporting, support of financial applications and experience with system implementation strongly preferred.
- Ability to work independently, handling and prioritizing multiple time-sensitive projects; possess a firm commitment to meeting deadlines.
- Strong detail orientation.
- The proven ability to maintain confidentiality and practice discretion.
- Bachelor’s degree in related field required, MBA and/or advanced degree in Finance, Business or other related field highly desirable.
Please submit a cover letter and résumé by January 30, 2018, to one of the following members of the Korn Ferry executive search firm:
- Arlene Kobayashi, email@example.com or (310) 556-8530
- Ieva Albaviciutem, Ieva.firstname.lastname@example.org or (416) 623-3251
- Marcela Valverde, Marcela.email@example.com or (469) 257-0120
The Kresge Foundation is an equal opportunity employer and strongly encourages applications from people of color, persons with disabilities, women and LGBT applicants.