What are the responsibilities and job description for the Finance Manager position at Associated Black Charities?
Position Summary
The Finance Manager reports directly to the Director of Administrative and Operational Excellence and plays a critical role in supporting the mission of Associated Black Charities (ABC). This position is responsible for overseeing financial operations, including accounting, grants administration, investment monitoring, and financial reporting. The Finance Manager ensures accurate preparation of financial reports, forecasts future resource needs, and manages purchasing functions. Additional responsibilities include maintaining the general ledger, supporting payroll processes, reconciling accounts, and implementing internal financial controls.
The Finance Manager works closely with the Director of Administrative and Operational Excellence to execute the annual work plan, aligning activities with ABC’s initiatives and organizational policies. This role also contributes to ABC’s financial health and wellness strategy, supporting initiatives within our programming such as The Black Progress Lab: The Financial Playbook and the Teen Financial Literacy Summit, and helping to align financial practices and insights with ABC’s Economic Mobility Spectrum framework to advance long-term wealth-building outcomes for individuals and communities.
The ideal candidate is an analytical and detail-oriented professional with strong administrative skills, integrity, and a proven ability to excel in a fast-paced, deadline-driven environment.
Essential Functions and Responsibilities
Accounting and Financial Management
• Manage all accounting and financial activities, ensuring adherence to financial procedures and compliance.
• Process and reconcile donor transactions and deposit cash and checks into designated accounts.
• Maintain and update account coding in collaboration with the Director of Administrative and Operational Excellence.
• Capture and organize receipts, reconcile cash accounts, and prepare financial statements.
• Oversee accounts receivable and accounts payable processes.
• Reconcile credit card purchases and process reimbursements.
• Prepare financial reports, including statements of activities, income statements, balance sheets, and cash flow statements.
• Collaborate with the Development team on grant management and reporting.
• Assist with revenue forecasting and provide information for annual audit reports.
• Maintain accurate financial records via internal databases, including donations and campaigns.
• Ensure compliance with GAAP standards.
Governance and Compliance
• Support the establishment and maintenance of internal financial controls and update the organization’s Financial Handbook.
• Partner with the President and CEO, Director of Administrative and Operational Excellence, and outside auditing firm for completion of Form 990 and other required filings.
• Monitor and guide investment activities in collaboration with the Finance Committee.
• Analyze financial operations to identify opportunities for cost reduction and enhanced revenue generation.
Administrative and Operational Support
• Manage insurance policies, including workers’ compensation, general liability, and D&O coverage, in coordination with the Director of Administrative and Operational Excellence.
• Resolve billing issues and ensure appropriate documentation for all financial transactions.
• Provide financial reporting for internal and external stakeholders, including monthly stewardship reports and board presentations.
• Prepare and present financial summaries, including actual versus budgeted expenses/income reports.
Financial Health, Wealth-Building, and Economic Mobility Integration
• Support ABC’s financial health and wellness initiatives by contributing financial insight, data, and operational alignment to programs such as The Black Progress Lab: The Financial Playbook and the Teen Financial Literacy Summit.
• Collaborate with program staff to ensure financial education content is grounded in real-world financial practices, trends, and tools.
• Help translate organizational financial data and insights into accessible learning opportunities for participants across ABC’s programming.
• Align financial reporting, analysis, and forecasting with ABC’s Economic Mobility Spectrum, helping to inform strategies that support movement from economic instability to wealth-building and generational impact.
• Contribute to conversations and internal strategy around economic empowerment, financial literacy, and pathways to financial stability and asset growth.
Other Duties as Assigned
• Perform additional responsibilities as needed to support organizational success and cross-functional collaboration.
Qualifications Required
• Bachelor’s degree in Business Administration, Accounting, or Finance
• A minimum of 5 years of experience in financial management and previous work within a nonprofit organization
• Proficiency in QuickBooks Online and MS Office, with experience in accounting and payroll software
• Strong understanding of grants accounting and reporting
• Excellent interpersonal and communication skills, with the ability to work collaboratively across the organization
• Strong analytical, organizational, and problem-solving skills, with attention to detail
• Proven track record of managing multiple projects and delivering excellence in customer service
• Commitment to ABC’s mission, with enthusiasm for contributing to the organization’s success
• Availability to work in an in-person office setting
• Enthusiasm to work collaboratively at all levels of the organization
• A drive to succeed and a willingness to learn
This is an IN PERSON role in Baltimore, Maryland.