Overview
Are you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members “do better.” Joining PenFed is more than being an employee; it’s about being a part of the PenFed family.
PenFed is hiring a (Hybrid) Director Finance - Foundation at our Tysons, Virginia location. The PenFed Foundation is seeking an experienced individual responsible for supporting all aspects of its financial operations including controllership, tax compliance, budgeting and financial reporting. Additionally, the individual will be responsible for oversight of the Foundation’s venture capital investment fund’s outsourced accounting and financial reporting operations.
The Director of Finance and Administration will be responsible for the development of the annual budget of the PenFed Foundation including management and board presentations. The role will also be responsible for ensuring the monthly accounting close performed by an outsourced accounting team is accurate and timely by creating and maintaining monthly oversight routines and review forums with Foundation management. On an annual basis, the Director will liaise and take the lead on coordinating the Foundation annual audit and tax filings between the outsourced accounting firm and independent audit firm.
Additionally, the Director of Finance and Administration will oversee and direct the Foundation’s venture capital fund accounting and investor reporting operations which includes direct oversight of internal and external personnel. This position requires the individual to take full ownership of assigned responsibilities and manage the development of team members.
Reasonable accommodations may be made to enable individuals with disabilities to perform the
essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.
Reporting to the Vice President Foundation Operations, the Director will closely collaborate with senior leadership to provide financial expertise. The Director of Finance and Administration is a key role designed to ensure financial excellence in a fast-paced organization that will oversee all aspects of financial operations.
Responsibilities
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.
Strategic Collaboration and Leadership
Provide leadership in financial planning, budgeting, and forecasting to support operational and strategic decisions.
Collaborate with senior leadership to ensure alignment of strategic plans with financial planning, budgeting and forecasting outcomes.
Ensure operational efficiency while implementing financial initiatives.
Develop and implement strategic financial plans that align with the goals of the Foundation.
Serve as the primary liaison on financial matters, ensuring clear communication and alignment across the Foundation and its stakeholders.
Financial Management and Reporting
Direct day-to-day financial operations and the completion of major financial deliverables, including budget preparation, financial reporting, cash flow management, and expenditure control.
Monitor financial performance and prepare regular financial reports for senior management and stakeholders.
Ensure compliance with institutional policies, GAAP, and other regulatory requirements.
Develop and maintain financial reports and forecasts for internal and external stakeholders to analyze trends and identify risks and opportunities.
Provide insightful analysis and recommendations to optimize financial performance and resource allocation.
Support the preparation of grants and ensure their compliance to institution, funding source, and federal guidelines and regulations.
In addition to the outlined responsibilities, the Director of Finance and Administration may be required to perform other duties as assigned to support the overall mission and goals of the Foundation.
Qualifications
Equivalent combination of education and experience is considered.
Minimum of 10+ years' experience in corporate accounting function.
Highly motivated; Self-starter.
Ability to work under pressure to meet tight deadlines and balance multiple priorities.
An innovative and analytical thinker with strong problem-solving skills.
Strong organizational skills with the ability to own and see projects to completion.
Strong ability to manage and develop junior team members.
Strong interpersonal skills and a team player.
Excellent interpersonal and communication skills, both written and verbal.
Supervisory Responsibility
This position will supervise employees
Licenses and Certifications
CPA strongly preferred
Work Environment
While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.
Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.
Travel
Ability to travel to various worksites due to coverage needs is required.
About Us
Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2.8 million members and over $36 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico and Okinawa. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day. We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more. Equal Employment OpportunityPenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same. PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 402-639-8568.
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