Activation Capital Looking for Finance Director at Richmond, VA Full Time

Do you believe in the power of innovation to change the world? At Activation Capital, our mission is to grow Virginia’s community of advanced tech entrepreneurs and empower them to solve the world’s toughest problems. We provide a portfolio of resources to entrepreneurs and entrepreneur support organizations translating science and technology into world-changing companies. We are a self-sustaining, mission-driven organization at an inflection point in our growth.

The Finance Director role will proactively lead our organization’s Finance and Accounting function ensuring 100% compliance and exceptional execution across the Virginia Biotechnology Research Partnership Authority and our 501c3 nonprofit corporation. The dynamic span of this role encompasses annual budgeting & forecasting, accounting oversight including grant portfolio management, and all financial reporting. This position is a full-time, salaried position with attractive benefits and is located in Richmond, Virginia.

ROLE

The Finance Director is a vital role on our small entrepreneurial and energetic team. You are responsible for driving Activation Capital’s financial planning, budgeting, and controls across the organization. You possess deep finance/accounting knowledge and love learning. The span of work for the role encompasses federal and state grants requiring a high level of communication and relationship building with a keen attention to detail. This role reports to the Vice President of Operations.

The ideal candidate:

• has demonstrated experience maximizing return on financial assets by establishing financial policies, procedures, controls, and reporting systems
• is a self-motivated and results-oriented individual always seeking continuous improvement and system optimization
• is a team player with strong communication, technology, and skills of analysis
• is a dynamic, entrepreneurial thinker with a can-do attitude
• is highly organized and enterprising with a keen attention to detail

Activation Capital is aligned with UN Sustainable Development Goals targeting Gender Equality, Decent Work & Economic Growth, Industry, Innovation & Infrastructure, and Reduced Inequalities. The organization values collaboration, impact, agility, inclusion, entrepreneurial thinking, and future-focus. Learn more at www.activation.capital!

Responsibilities

Accounting, Administration, & Controls

• Lead, create, and maintain an appropriate system of policies, internal controls, accounting standards, and procedures under the General Accounting Standards Board (GASB)
• Lead accounting function, which includes outsourced accounts payable, accounts receivable, bank reconciliations, payroll, and benefits administration
• Work with accounting team to ensure compliance and continuity of internal business practices; creating new processes and policies on an as needed basis
• Work with audit partners to produce reports, ensuring data integrity with general ledger and process review
• Seek improvements in administrative and operational accounting services/processes such as treasury management, retirement plan, grant processing, payroll/HR, accounts receivable/payable, purchasing, and vendor management
• Oversee accounting/reporting to ensure compliance with GASB audit standards and statutory requirements
• Provide ad hoc operational support for Activation Capital programs and financial reporting
• Manage relationships with third-party finance/accounting vendors, payroll management, auditors, tax vendors, etc. to ensure frictionless processes

Financial Analysis, Planning, Forecasting, Budgeting, & Business Performance

• Lead the creation of reports on business performance, including financial results and key metrics
• Lead presentation of reports for quarterly board meetings and the finance & audit committee
• Provide the status of financial condition by collecting, interpreting, and reporting financial data
• Prepare ad hoc reports by collecting, analyzing, and summarizing information and trends
• Recommend benchmarks that will be used to measure the organization’s performance

Capital Projects

• Run pro forma analysis on commercial real estate capital projects
• Forecast cash flow needs during project construction
• Consistently monitor and track the capital construction sources and uses budget
• Continually analyze project capital stacks and make recommendations
• During project financing, work closely with financial advisors and banking teams

Compliance

• Comply with federal, state, and local legal requirements by studying existing and new legislation, anticipating future legislation, enforcing adherence to requirements, filing financial reports, and advising management on needed actions
• Monitor and confirm financial condition by conducting audits and providing information to external auditors

Cash Management

• Achieve budget objectives by scheduling expenditures and analyzing variance
• Ensure cash flow is appropriate for the organization’s operations

Grant Management

• Work with operations, accounting, and grant administration to map grants to appropriate general ledger line items; work with grant submission teams to ensure general ledger alignment
• Work with outsourced accounting vendor to ensure continuous tracking of expended grant dollars.
• Approve grant requests for reimbursements
• Ensure adherence to all state and federal grant guidelines; working with external subject matter experts to ensure 100% compliance

Investment Oversight

• Evaluate the organization’s financing and capital structure
• Manage investment and banking partnerships; identifying the best vendors to serve organizational needs.
• Evaluate rate of returns against benchmarks
• Learn about the Authority’s bond issuance capability

Qualifications & Experience

Also, includes other duties not otherwise specified.

• Bachelor’s Degree in Business, Accounting, or Finance; Master’s degree and/or CPA is a plus
• Minimum of 10+ years of experience in finance, with significant management of complex organizational systems and reporting standards; deep GAAP knowledge
• A learning mindset is required; entrepreneurial or early stage organization experience a plus
• Experience working with external auditors; required
• Experience with federal and state grants; strongly preferred
• Experience with capital project budgets; major plus but not required
• Experience with government/nonprofit organization finance and accounting regulations; a plus but not required
• A collaborative leader with strong verbal and written communication skills; the ability to communicate effectively regarding the finances of the business and justify financial recommendations
• Strong technology skills and capabilities; high level Excel, QuickBooks a plus
• Offer of employment is contingent upon successfully completing pre-employment background screening and professional references.

Competitive Salary & Rich Benefits Package including health, dental, life & AD&A, LTD, STD, LTC, FMLA, paid holidays, paid time off, retirement with matching contributions. Professional development reimbursement and work-life balance/flex schedule opportunity.

About Activation Capital:

Activation Capital, located in Richmond, VA, is an independent authority of the Commonwealth of Virginia. Its mission is to grow life sciences and other advanced technology innovation by promoting scientific research and economic development that attracts and creates new jobs and companies. With 1.2 million square feet of space developed on over 34 acres, its Virginia Bio+Tech Park is the hub of life science and technology innovations in Central Virginia. Activation Capital also serves as a leading innovation ecosystem development organization providing social, knowledge, and financial capital to clusters, entrepreneur support organizations, and entrepreneurs – accelerating their progress through development and maturation. For more information, visit .

Equal Employment Opportunity

Activation Capital is an equal opportunity employer and does not discriminate based on race, sex, age, national origin, religion, physical or mental disability/handicap, marital status, veteran status, sexual orientation, or any other basis prohibited by law.

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