About Asian American Federation
Founded in 1989, the Asian American Federation (AAF) is one of the strongest leadership voices advocating for better policies, services, and funding that lead to more justice and opportunity for 1.5 million Asian Americans in New York City. We do this in partnership with 70 community-based organizations.
Asians are the fastest-growing community in our city and state, and we advocate to ensure that our community is visible, our voices are heard, and our stories are told. Shaped by our research, we focus on community safety, mental health, economic empowerment, immigrant integration, and civic engagement to help connect Asian New Yorkers with the resources they need.
For more information on the Asian American Federation, please visit our website.
The Opportunity
AAF is seeking a full-time Director of Finance with experience as an accountant in the nonprofit industry in a senior role. As a strong communicator and skilled financial analyst, this person will streamline our budgeting, payroll, and financial reporting processes. The Director will also produce thorough financial-status reports for senior leaders to help improve our operational efficiency and aid in our continued growth.
The ideal candidate is someone with at least six years of experience navigating the Generally Accepted Accounting Principles (GAAP) guidelines; working with financial reports and budgeting; who has the ability to forecast; and who is extremely detail-oriented, with a passion for process improvement. This person will report to the Deputy Director and oversee the Finance team.
The Director of Finance’s responsibilities include:
- Oversee all accounting processes and the accuracy of financial reporting in conformance with GAAP;
- Oversee preparation of all regulatory filings;
- Prepare AAF’s financial statements and lead the preparation of the annual audit;
- Review any gifts and grants received to ensure proper accounting and reporting, as well as spending compliance of grants with donor restrictions;
- Maintain current knowledge of GAAP; federal and state policies and directives; and accounting changes;
- Assist in design of program budgets and work with departmental directors to monitor revenues and program expenditures;
- Issue monthly reports of budget versus actual, with updated year-end projections;
- Review unusual variances in budget and cash flow, and provide timely updates and explanations to management;
- Supervise the management of cash flow to maintain a required fluid cash position;
- Protect AAF assets by maintaining, updating, monitoring, and enforcing internal controls, financial policies, and reporting systems;
- Communicate with, train, and update AAF’s leaders and staff on internal controls, and fiscal policies and procedures;
- Maintain the performance of financial staff by coaching, counseling, planning, monitoring and appraising job results;
- Provide oversight and periodic review of general ledger transactions for all accounting cycles, including receivables, payables, and payroll, making sure to analyze accounts and record and adjust entries as needed;
- Protect AAF operations by keeping financial information and plans confidential; and
- Other duties as assigned.
Candidate Profile
The ideal candidate will have most, if not all, of the following professional and personal qualities, skills, and characteristics:
- Bachelor’s degree in Accounting, or comparable academic preparation or experience;
- CPA or advanced degree in Finance or related subject preferred;
- 5-7 years of relevant work experience, including running the finance department of a nonprofit in a position of senior leadership and having responsibility of 1-2 direct reports;
- Excellent financial analytical skills;
- Extensive knowledge of nonprofit financial accounting and reporting requirements;
- Knowledge of Quickbooks Online;
- Experience with transition to and implementation of cloud-based accounting systems desired;
- Excellent leadership, interpersonal, teamwork, and communication skills;
- Exceptional detail orientation and time management skills;
- Alignment with AAF’s values of policy advocacy, public awareness, and nonprofit support;
- Familiarity with the City of New York Health and Human Services Cost Policies and Procedures manual a plus; and
- Ability to work closely with a diverse team.
Requirements
All new hires must be vaccinated and must stay up to date with vaccines against the COVID-19 virus unless they have been granted a reasonable accommodation for religion or disability. If you are offered a position with AAF, this requirement must be met by your date of hire, unless a reasonable accommodation for exemption is received and approved by AAF.
Compensation & Benefits
This position is based in New York City, with a hybrid work environment. Salary for this position is between $115,000 to $140,000 commensurate with experience. A comprehensive benefits package includes 100% employee health care, dental and vision coverage, disability insurance, commuter benefits, as well as a 403(b) plan and generous paid time off.
Contact
Shelby Woods and Trisha Sutrisno of Koya Partners have been exclusively retained for this search. To express your interest in this role please submit your materials by filling out the Talent Profile. All inquiries and discussions will be considered strictly confidential.
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The Asian American Federation is an equal opportunity employer and strongly encourages applications from people of color, persons with disabilities, women, and LGBTQ+ applicants.
Koya Partners is committed to providing reasonable accommodation to individuals living with disabilities. If you are a qualified individual living with a disability and need assistance expressing interest online, please email NonprofitSearchOps@divsearch.com. If you are selected for an interview, you will receive additional information regarding how to request an accommodation for the interview process.
About Koya Partners
Koya Partners, a part of the Diversified Search Group, is a leading executive search and strategic advising firm 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.
For more information about Koya Partners, visit www.koyapartners.com.
