WHO ARE WE?
The Economic Policy Institute (EPI) is a nonprofit, nonpartisan think tank created in 1986 to include the needs of low- and middle-income workers, women workers, and workers of color in economic policy discussions. EPI believes every working person deserves a good job with fair pay, affordable health care, retirement security, and the power to bargain effectively for their fair share of wealth and income. EPI uses the tools of economics to achieve these goals, conducting research and providing data and analysis that informs and shapes the way the people in Washington, DC and in state capitals across the country think about the economy and economic policy. EPI’s research helps policymakers, opinion leaders, advocates, journalists, and the public understand the bread-and-butter issues affecting working people.
EPI has a staff of 45 and a budget of $12 million in 2023. Revenue comes primarily from foundation grants, contributions from labor unions, and individual donations. For more information about EPI, please go to www.epi.org.
About The Summit Foundation
The Summit Charitable Foundation, Inc. (Summit) is a private family foundation founded in 1991 and located in Washington, DC. Summit advances its mission to create a world where people can thrive and nature can flourish by making grants in three main program areas: Equality for Women and Girls, Sustainable Cities, and the Mesoamerican Reef.
The Finance Administrator reports to the Chief Financial Officer and handles a wide range of responsibilities to support the finance function, ensure a professional, smooth‐running office environment, and an efficient grantmaking operation. Major responsibilities include:
Supporting the foundation’s financial function - paying invoices, preparing journal entries, preparing reports, assisting with budgeting and responding to auditor requests.
Supporting the foundation’s grantmaking including assisting with invitations, processing payments and generating reports.
About the Role
The Controller is responsible for managing the day-to-day accounting operations and activities. They will effectively utilize and manage Finance staff to accomplish department activities and goals; provide financial reports and analysis with oversight of the Managing Director, Operations; assist in managing the annual budget; and manage and audit processes for AIHA and related entities. The goal is for the new Controller to join AIHA during the last week of March or first week of April.
Essential Duties and Responsibilities
- Manages the development of the annual budgets along with the Budget Managers and Finance Staff.
- Supervises the consolidation of the annual budget and financial forecast data as received from all groups into unified reports.
- Serves as a resource to staff budget managers to effectively manage cost and revenue allocations and requests for new program accounts.
- Oversees tagging and tracking of fixed assets and capital. In coordination with other members of staff, maintains records and ensures appropriate disposal of records.
- Is responsible for the timely and accurate preparation of all financial statements that summarize and forecast association activity and financial position in areas of income, expenses, and earnings based on past, present, etc.
- Provides preliminary financial analysis to Managing Director, Operations for a wide variety of programmatic areas.
- Assures that standard accounting procedures and internal controls are adhered to.
- Coordinate and manage the preparation of tax returns, 990s, 990ts, 1099/1096, personal property tax, and sales tax returns. Ensures that tax regulations are adhered to.
- Coordinate and manage submittal of grant reimbursements and reports.
- Oversees establishment of new accounts in financial software
- In coordination with Managing Director, Operations, provides essential data and information for Board decision making.
- Develops and implements cost allocation policies necessary to carry out activity-based costing.
- Coordinates and supervises all accounting and internal audit functions for cash receipts, accounts payable, and payroll to ensure that accounting records, financial statements, and reports accurately reflect the financial status and operations of the organization.
- Oversees annual audit of AIHA corporations (1 c6, 2 c3s, and 3 LLCs)
- Monitors and reconciles either directly or through Finance Staff, all bank accounts in accordance with established policies
- Sets up wire payments as needed for approval by Managing Directors
- Monitors cash funds to ensure funds are available for operations and check runs
- Transfers funds between organizations’ checking accounts as needed and informs Managing Director, Operations when excess funds available for transfer to investment account.
- In coordination with HR Generalist, ensures the timely and accurate processing of payroll and payroll related activities.
- Supervises finance department
- Maintains a first-class staff team in coordination with supervisor, which may include interviewing, hiring, and training employees; planning assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
- Carries out supervisory responsibilities in accordance with the organization’s policies and all applicable laws
- Effectively and thoroughly communicate short and long-term goals as well as a shared vision with direct reports
- Develops direct reports through personal development plans and cross-functional assignments, delegates projects and responsibilities for achieving goals to staff
Education & Experience
- Master’s degree preferred; Bachelor’s degree required in relevant area
- At least 10 years’ experience in Accounting/Finance
- At least 5 years’ supervisory experience
- CPA required
- Working knowledge of accounting software, currently Great Plains, PN3, Solver
- Working experience with Sage Intacct
- At least 7 years’ work experience in professional membership organization or association
To Truly Excel, You Will:
- Maintain a focus on keeping projects and people organized and moving towards a common goal/deadline while also maintaining standards and best practices
- Possess strong customer service and interpersonal skills
- Have strong organizational skills, attention to detail, follow-through, and the ability to multi-task
- Have experience in leading project teams
- Be a quick learner who isn’t afraid of technology
- Be able to work independently, manage groups of volunteers and co-workers, and establish/meet deadlines
Travel to our annual conference and/or a Board of Directors meeting is anticipated for this position.