Controller

Position: 
Controller
Organization Name: 
Meyer Foundation
Job Description: 

Who we are:

The Eugene and Agnes E Meyer Foundation pursues and invests in solutions that build an equitable Greater Washington DC community in which economically disadvantaged people thrive. Through our grantmaking and partnership efforts, we confront systemic racism – when prejudice and power combine resulting in systems of structures, practices, policies and laws that advantage white people while disadvantaging people of color. We seek to invest in solutions that fundamentally shift these systems toward racial equity. To advance systems change work, the Meyer Foundation has four interconnected goals in the areas of housing, education, employment and asset building.

The Meyer Foundation is a small organization comprised of 18 full-time staff members. The Foundation is a great place to potentially find long-term stability in a role while also engaging in meaningful, interesting and dynamic work. Employees often take on a diverse set of roles and responsibilities, work together on ambitious projects or initiatives as subject matter experts or by bringing budget management expertise, and have the opportunity to both broaden and deepen their expertise within their given role. At the Meyer Foundation, we place value on being available for each other and creating a cohesive office community, while respecting employees needs to balance their family and community responsibilities. In this position, much of the work takes place in the office during regular business hours.

Meyer is not only committed to racial equity in our external grantmaking and partnership work, but we also do the difficult work of dismantling racism within our own walls. At the Meyer Foundation, we invest deeply in our employees and our mission by engaging in meaningful and ongoing anti-racism trainings and workshops. All of our employees, regardless of position, are required to frequently engage in the reflective, soul-searching, challenging and deeply important work of confronting racism in their own lives.

About the Role:

The Controller holds an analytical and hands-on role and is a critical member of the Finance and Operations Team. In close collaboration with the Vice President for Finance and Operations, the Controller is responsible for the finance and accounting functions of the Foundation including reconciliation of all investment and bank accounts, managing banking relationships, preparing for the annual audit and tax return, processing payroll and associated benefits, financial statement preparation, grant monitoring, annual budget preparation, and managing the fixed assets database.  The Controller serves as a thought partner to the VP on many issues.

This role is suited for someone who is excited by process, details, and deadlines and wants to improve upon and develop effective internal controls, guidelines and procedures.  The Controller is charged with ensuring these functions align with Foundation goals and values, finding ways to bring greater equity to the finance function.  The Controller performs the duties of the role in a discreet, tactful, and circumspect manner at all times by performing the following duties personally or through delegation to team members.

Meyer is on an exciting learning journey to better understand the spectrum of options available in the area of impact investing.  The Controller will be part of the team bringing passion and excitement around this initiative and will support the VP for Finance and Operations on this journey.   Additionally, the Foundation’s lease ends in 2021 and the office may be relocating in 2021.  The controller will be an integral part of the move team serving as the move budget manager. 

Responsibilities of the role:

As Controller you will be responsible for maintaining a high-level perspective on the Foundation’s finance and accounting functions and applying expert knowledge of GAAP, while conducting highly detailed work on a daily basis. You will develop controls for new accounting and financial processes and assist with creating or updating current procedures. This is a critical role for the organization, and you will serve as a daily point of contact to investment managers, banking partners, and colleagues. You will be responsible for managing the migration to ACH with the Foundation’s banking partner.  In this role, you will maintain a high-level of understanding of the Accounts Payable and Accounts Receivable processes, including partnering with employees who are responsible for these activities. Additional responsibilities will be important on a biweekly, monthly, quarterly and annual basis. A keen attention to organization deadlines and details will be necessary for the following responsibilities.

Biweekly:

  • Processes payroll and benefits, and records payroll activity in the general ledger;

Monthly:

  • Manages the Foundation’s investment portfolio by reconciling investment accounts, preparing investment schedules, recording the associated investment activity in the general ledger and supporting schedules, completing anti-money laundering documentation, and preparing investment manager recertification documentation;
  • Manages the Foundation’s cash position by reconciling cash accounts, recording required journal entries in the general ledger, resolving any discrepancies or stale dated items, and preparing cash forecasts;
  • Prepares the Budget vs. Actual Report to monitor the Foundation’s spending and analyze significant variances and trends;
  • Maintains system of accrued expenses. Determines when an expense needs to be accrued, maintains documentation, processes subsequent payment in accordance with accruals; reconciles accrued expenses to general ledger;

Quarterly:

  • Runs the quarterly budget reforecasting meeting with the Senior Leadership Team;
  • Attends committee and Board meetings;
  • Collaborates with the Vice President for Finance and Operations to evaluate the Foundation’s risk and update the risk matrix; 
  • Perform quarterly 941 reconciliations;

Annually:

  • Collaborates with colleagues and the Leadership Team to formulate the annual budget for presentation to the Finance Committee and the Board;
  • Prepares audit and tax related documents for the year-end financial statement audit and tax return in partnership with the Finance and Operations team; responds to questions from the auditors, gathering information from staff as necessary;
  • Ensures accurate and proper documentation is maintained to substantiate all year-end audit schedules, tax return schedules and the annual budget request;
  • Prepares information for the organizations 5500 filing;
  • Completes the organizations worker comp audit;

What you will need to apply:

Professional qualities and abilities:

  • 7+ years of relevant professional experience in accounting and finance, with an expert knowledge of GAAP.
  • Ability and willingness to perform a range of tasks - from payroll to investment reconciliation to assisting with the development of an impact investing strategy for the foundation.
  • Proven ability to dive into a dynamic accounting and finance role in a small organization;
  • Ability to work in-office during our core work hours;
  • A deep personal commitment to inclusion. You're always asking: “whose voice is not at the table?” You have experience working with diverse teams and successfully navigating cross-culturally.

Personal qualities and abilities:

  • Commitment to the Foundation’s mission and racial equity stance;
  • Professional maturity;
  • Timely and reliable in all work-related activities;
  • Open-minded and emotionally intelligent. Able to develop the ability to have honest and candid conversations and to be self-reflective about race, racial justice, and equity;
  • An active listener that can discern challenges, and identify solutions;
  • Collaborative and effectively works with different workstyles;
  • An analytical thinker who can develop and apply strategy;
  • Transparent, humble, and collaborative in your leadership style and who will apply this to your interactions with the Board, staff, grantees, and other stakeholders;
  • Enthusiastic for organizational change while being patient during any change processes that are a part of the Foundation’s commitment to ongoing evolution and improvement;
  • Committed to maintaining the highest level of discretion and confidentiality, able to handle sensitive material concerning the organization;
  • Proven in your ability to anticipate needs and be proactive in order to resolve issues independently.

How to Apply:

Koya Leadership Partners is assisting Meyer Foundation in this search. To get started, please complete a very simple application, located on the right side of this webpage. Priority will be given to those applications submitted by Friday, January 31st. Therefore, we encourage you to submit yours soon!

This recruitment process will follow best practices shown to reduce bias in recruiting and may be different than other application processes you have experienced. We will not ask for resumes or cover letters at the start of the application process and will instead ask short answer questions to assess your skill sets and organizational fit. We will then invite you to submit your resume and will conduct a phone screening. Should you move forward in the process, additional phone screenings, interviews and a trial project will be conducted, which will allow you to demonstrate your skills.

If you have any questions, please feel free to email pvesnaver@koyapartners.com. We look forward to reading your application!

Application Deadline: 
Friday, February 15, 2019