TITLE: Financial Strategies Specialist
RESPONSIBLE TO: Director of Financial Strategies
DIVISION/DEPART: Member Advancement
FLSA STATUS: Exempt
Create and broker financial and accounting management tools, resources and educational opportunities to support members’ financial planning and practices.
Support membership financial analysis and data reporting compliance through managing the enhanced financial reporting system.
Review and analyze the membership’s financial performance independently and as a network to identify potential risks and provide recommendations.
Provide portfolio management and financial analysis to support member capitalization via Goodwill Mission and Job Creation Services, Inc. (GMJCS), Goodwill Industries International’s loan fund to Goodwill member organizations.
Support membership financial consultation services, using expertise in accounting to build membership capacity.
GMJCS Portfolio Management
Identify and monitor key financial indicators for GMJCS borrowers to determine ability to continue repayment as scheduled using cash flow models and GAAP accounting.
Analyze new GMJCS loan requests.
Assist members with implementation of capital strategies including, but not limited to, New Market Tax Credits (NMTCs) and other GMJCS loan products.
Enhanced Financial Reporting System
Provide project management for the development and roll out of an enhanced financial reporting system, coordinating with GII’s internal data analytics team and addressing member feedback.
Communicate data collection and reporting procedures to all Goodwill member organizations.
Provide ongoing training and assistance to members related to financial data submission and analytics.
Member Financial Review
Conduct financial analysis of Goodwill members/GMJCS Borrowers to advise GII leadership on potential risks and recommended action.
Identify and monitor key financial indicators for Goodwill members; provide financial analysis support for GII colleagues as they engage with Goodwill members.
Member Capacity Building
Identify and develop financial management informational resources including webinars, podcasts, financial newsletters, in-person seminars, GII-sponsored conference sessions and seminars and MyGoodwill resources (GII’s Intranet) to support members’ financial planning and accounting needs.
Ensure content on MyGoodwill is current and relevant.
Equip members with accounting knowledge pertaining to NMTC compliance and other financial mechanisms.
Provide research for consultation services to individual members on specific financial strategies, including capitalization, real estate acquisition, mergers and acquisitions, treasury management, debt instrument selection and accounting and tax issues.
Recommend and support the implementation of strategies designed to improve financial and capital outcomes for local Goodwill organizations and the communities they serve.
Other duties as needed to support the GII team and local Goodwill members.
Internal: Frequent contact and collaboration with GII colleagues.
GII Members: Frequent contact and consultation with CEOs, CFOs, and other local Goodwill team members.
Outside: Frequent contact with representatives of financial institutions, bond counsel, financial advisors and other entities.
Government Officials: Occasional to frequent contact with department personnel regarding capitalization resources and financial regulations.
A. Proven track record of providing recommended capital structures and identifying financial inefficiencies within an organization.
B. Project management experience.
C. Thorough knowledge of the principles and practices of strategic financial planning and nonprofit financial management.
D. Demonstrated knowledge of and ability to support GII’s consultation on accounting standards for nonprofit organizations.
E. 3-5 years of credit analysis including writing financial analysis memorandums.
F. Ability to travel as required.
G. Excellent written, electronic and oral communication skills.
H. Ability to work effectively both independently and collaboratively as part of a team within GII and with local Goodwill members and representatives of outside organizations.
I. Demonstrated effectiveness in managing multiple projects and priorities with quality results and on-time delivery.
J. Effective with an array of computer applications, webinar and intranet mechanisms.
Bachelor’s degree in public administration, business, management or related field. Any of the following certifications or licenses would be an asset in this position: CPA with work experience in nonprofit accounting, MBA, CFA, non-profit banking experience.
Three or more years of experience in financial capacity building. Experience in Community Development Financing preferred.
Monitors and assesses risks and opportunities in the areas of finance and accounting. Makes recommendations regarding priorities for action and areas of focus to management.
Regular with latitude given to select appropriate procedures. The work is reviewed primarily for the quality of outcome and secondarily for approaches, procedures, and methodologies used to complete the work. Guidance and review may be required on some projects.
Sedentary, lifting 10 pounds maximum. Walking or standing is required only occasionally and may be accommodated. Requires long hours at a computer and on the phone. Travel is required.
Moderate, occasional short deadlines requiring extended work hours and days. Work environment usually hectic with periods of high stress. Will need a positive attitude to meet daily challenges.
It is a part of every Member Services Center (MSC) team member’s responsibility to adhere to our culture and our values. These values were designed by us, and we have made a commitment to practice them.
Our board establishes our strategic direction. With our board, our management team develops our annual plan. We implement this plan with input and participation from our colleagues across the various functional areas of the organization. Results matter and our success are based upon the following shared beliefs which incorporate our values.
We are passionate about our mission. We are deeply committed to making a lasting impact on the lives of the people we serve. We foster a work environment that empowers and excites our employees to support our mission.
We value people. We commit to build a mutually supportive, caring, accessible work environment. We respect each other, our members and all stakeholders; and we demonstrate this through collaboration, transparent communication, and a sincere desire to understand one another.
We are ethical. We are trustworthy people engaged in ethical work, and we willingly adhere to a high standard of behavior. Our actions are consistent with our words, and we maintain integrity in all of our relationships.
We are innovative. We constantly strive to anticipate and influence the rapidly changing environment and we develop new opportunities that meet our stakeholders’ needs. We challenge ourselves and each other to strive for excellence, to continually learn and to question the status quo.
We are accountable. We set goals and measures that are aligned with the strategic and annual plans, and we are fully accountable for the results. It is our responsibility to seek input, learn from the best and to continuously improve the quality of our products, services and operations.
We value our resources. We are committed to building a sustainable future and to being careful stewards of our resources. We are socially, financially and environmentally responsible.
We celebrate and recognize. We celebrate individual and collective contributions to our success and growth, and we recognize the value of employee engagement. Humor, friendship, compassion and laughter are important parts of our professional environment.
We value inclusion and diversity. We respect, value and celebrate each individual’s unique attributes, characteristics and perspectives. We are committed to an inclusive work environment that encourages participation and a diversity of thought and action. We implement corresponding strategies and initiatives that enable our organization to lead, thrive and remain relevant.