The vice president, finance and investments serves as the Foundation’s chief financial officer with overall responsibility for the strategic direction and orderly functioning of financial systems and investment programs. The vice president provides leadership, vision, and oversight to ensure the highest level of stewardship of the Foundation’s assets, positioning the Foundation as a well- known community leader and partner in making Forsyth County a place where everyone is thriving. Using a racial equity lens and Foundation values, the vice president leads the finance team and oversees all investment activities, working in close partnership with a seasoned investment subcommittee and independent investment consultants. This position reports to the president and serves on the Foundation’s leadership team.
Financial Strategy
- Provide leadership to guide and shape the Foundation’s financial strategy.
- Ensure the smooth functioning of the Foundation’s financial activities working in conjunction with the controller.
- Ensure financial controls to safeguard the funds and financial assets of the Foundation.
- Lead financial data analysis and information sharing throughout the organization to aid in decision making and setting strategic direction, including supporting long-range planning and business modeling with financial and economic insights.
- Diligently manage revenues and expenses, optimize financial returns, monitor cash flow needs, and ensure the accuracy of available cash.
- Stay apprised of new developments and opportunities related to investments for foundations, including traditional and innovative strategies in finance and accounting.
Investments
- Provide professional oversight of the Foundation’s investment managers; work closely with the Finance and Investment Subcommittee to ensure effective administration of the Foundation’s investment program.
- Work with the Foundation’s investment consultant to monitor investment performance, ensure compliance with the Foundation’s guidelines and report to the Finance and Investment Subcommittee and the WSF Committee.
- Calculate and track monthly investment returns for all investment portfolios and major market indices; prepare quarterly investment reports for the Finance and Investment Subcommittee.
- Prepare monthly investment reports for the WSF Investment Pool, the WSF Local Impact Investing Pool and the WSF Operating Fund.
- Monitor investment of operating reserves/cash and prepare monthly summary of administrative reserves.
- Communicate effectively about the high stewardship standards and performance of the Foundation’s investment program to donors, nonprofit endowment partners, and other stakeholders.
- Partner with the development and donor services team to ensure all assets are invested consistent with the terms of individual fund agreements and donor intentions; support development and donor services in transacting complex gifts by ensuring accurate valuation and compliance with gift acceptance policies.
- Partner with the community investment team to support local impact investments.
- Serve as the Foundation's liaison with trustee banks and investment managers on investment matters.
Organizational Leadership
- Lead and coach high-performing team members responsible for finance and accounting.
- Serve as a core member of the leadership team to support the growth and development of a highly integrated organization that uses all its resources for impact.
- Prepare monthly financial reports for the Foundation staff.
Benefits include generous paid time off (PTO) and holidays. Health insurance, life insurance, dental insurance, short-term and long-term disability insurance, and parental leave begin the first of the month following 30 days of employment. Eligibility for the defined contribution retirement plan begins after one year of service. Other optional benefits include a flexible benefit plan, supplemental insurance with AFLAC, employee supplemental retirement plan, charitable match program and tuition and fee reimbursement. Long-term employees are eligible for sabbatical leave to promote renewal and retention. Relocation assistance available.
Applicants should review the job description and submit a cover letter and resume by email to recruiting@peopledevelopmentpartners.com. Any nominations or other expressions of interest should also be sent to this email.
Applications will be accepted on a rolling basis. However, for best consideration, please submit your application by September 30, 2024.