The Library Company of Philadelphia (LCP) is one of the country’s oldest libraries and learning communities. Founded by Benjamin Franklin nearly 300 years ago, it is considered the first public library and the first lending library anywhere. It served as the first Library of Congress and supported the work of the Continental Congresses, the Constitutional Convention, and the first government of the United States. Today our collections concentrate on American society and culture from the 17th through the 19th centuries. Free and open to the public, the Library Company houses an extensive non-circulating collection of rare books, manuscripts, broadsides, ephemera, prints, photographs, and works of art. We also offer an extensive fellowship program that enables an international group of scholars to visit and use the collections for their research.
Overview
The Director of Finance is responsible for ensuring the continued financial health and growth of the LCP. Reporting to the Edwin Wolf 2nd Director, the Director of Finance manages all of the financial operations of the LCP and works with the Director and the Board of Trustees to monitor to advise on present financial conditions, improve financial management systems, and develop models for projecting financial implications of strategic decisions. This position is also charged with developing and implementing financial policies and procedures for the LCP, including policies to manage restricted endowments and grants, as well as directs the annual budget process and serves as a liaison to the Finance Committee of the Board of Trustees.
Essential Functions
Managing Finances
Work with LCP senior leadership to develop an annual budget to support the accomplishment of our mission and strategic goals within our financial capacity
Ensure the efficient and accurate recording, processing, and tracking of financial transactions
Regularly review ongoing service contracts and other expenses for greatest efficiency
Generate regular financial reports for the Director and the Finance Committee of the Board of Trustees
Create financial models to facilitate decision-making on long-term projects.
Manage payroll and benefits administration
Work with staff on the creation and administration of project and departmental budgets, as well as grant and donor reports
Analyze financial performance of various organizational departments and programs and suggest improvements
Financial Policy
Update and manage implementation of internal policies relating to budgets, expense approvals, credit card use, expense and revenue coding, etc.
Track grant revenue and expenditures, and manage reimbursement process where needed
Update and manage policies relating to expenditure of endowment and other donor-restricted funds
Knowledge, Skills, and Abilities
Understanding of and appreciation for the LCP’s history, mission, and program
Extensive knowledge of nonprofit finance principles, especially fund accounting and treatment of restricted funds
Highly organized, with the ability to manage complex workflows simultaneously
Ability to take initiative and work independently
Ability to translate long-term strategic priorities into short-term financial goals and tactics
Strong interpersonal skills, including the ability to present complex financial information to different audiences clearly
Experience with QuickBooks accounting software required, QuickBooksOnline (QBO) preferred. Experience with Bill.com or other electronic payment system desirable.
High proficiency in Microsoft Office (ideally MS365), especially MS Excel, Word, and PowerPoint
Education and Experience
MS in Accounting, finance, or comparable field preferred
Experience: 10+ years’ experience in finance roles, preferably in nonprofit organizations
Time and Benefits
Full Time, in person/on-site position
Generous benefits package, including 403b Contributions, Health, and Dental Plans