Fast Facts

Reading Partners is seeking a Managing Director of Financial Planning & Analysis to lead the FP&A function, providing financial guidance and support to enhance literacy education. This remote position requires strategic financial management to optimize the allocation of resources within a national organization dedicated to empowering communities.

Responsibilities: Lead the annual budgeting process, prepare financial reports and models, oversee financial operations, and support strategic planning initiatives; manage a team to ensure efficient resource allocation; collaborate with various leaders to provide financial insights and recommendations.

Skills: Strong analytical, financial modeling, and communication skills; experience in FP&A and people management; proficiency in Microsoft Excel and financial planning software; capable of translating complex financial concepts to non-financial stakeholders.

Qualifications: 10+ years of FP&A experience, with 3+ years in management; nonprofit experience is a plus; bachelor's degree in Finance or Accounting; MBA or advanced degree preferred.

Location: Remote from New York, New York, United States

Compensation: $135703 - $159650 / Annually

Job Details

Job Location:   Reading Partners New York Remote - New York, NY

Position Type:   Full-Time

Salary Range:   $135703.00 - $159650.00 Salary/year

Travel Percentage:   Up to 10%

Job Category:   Finance/Accounting

Description

Reading Partners is changing the education landscape. We are a leader in working to solve the literacy crisis in our country by leveraging community volunteers in under-resourced schools. Our diverse and expansive volunteer base provides one-on-one tutoring to students twice weekly, and our program is proven to help children master the reading fundamentals they need to unlock their potential as successful, happy, and confident readers in school and in life. Our people are our heartbeat and our greatest resource; we are all passionately rallied around our mission to help children become lifelong learners by empowering communities to provide individualized instruction that truly works. Join our stellar, committed team leading the charge to deepen our impact and expand our service. Watch this video to learn more about the mission and core tutoring work of Reading Partners.

The high level

The Managing Director of Financial Planning & Analysis (MDFP&A) is an essential member of the Finance and Accounting team, leads the FP&A function, and reports directly to the Chief Financial and Operations Officer (CFOO). The Managing Director will provide business and financial advice to the CFOO and various budget leaders within a national, distributed organization. The position is responsible for assisting in the preparation of budgets, forecasts, and financial reports and analyses for various national departments and regional Executive Directors and serves as a liaison between national and regional teams. The position provides regular support to other Finance-related functions, such as the month-end close process. 

They will manage a team of two to maximize student outcomes over the long term through the efficient, effective, and sustainable allocation of financial resources. They will manage a Senior Revenue Manager and a Senior Manager of Financial Planning & Analysis. 

Our work is rooted in supporting leaders, who bring program expertise and recruit and train community volunteers, in making effective budgetary decisions. We help empower leaders with high-quality financial information and advice that is accurate and timely.

Location: This position is remote but requires candidates to reside within one of the following Reading Partners’ operating locations: Baltimore, MD, Charleston, SC, New York City, NY, and Washington, D.C.

What you’ll do

Financial Planning & Analysis

Strategic Planning

• Provide key support to the CFOO with the annual strategic planning process.
• Build financial models and forecasting tools that allow for long-term scenario planning in support of the strategic planning process.

Budgeting/ Forecasting

• Play a lead role in the creation of our annual budget; support the development of a sustainable $33 million budget for the fiscal year and forward by developing prudent and realistic forecasts.
• Lead annual budgeting process and monthly forecast process.
• Prepare monthly reporting of financial performance and variance analysis of financial results by region/ function.
• Support the executive leadership team in the stewardship of its key financial metrics.
• Collaborate with budget owners, development teams, and the regional operations team on cash flow forecasts.
• Partner with national and regional leaders to provide financial support and guidance.
• Advise budget leaders on fiscal operating decisions and collaborate with them to achieve financial sustainability goals.
• Analyze trends in spending and behavior in order to maximize resource allocation and results.
• Prepare financial reports and other materials for the quarterly Board of Directors meetings.

Financial Operations and Systems

• Oversee operational excellence across the organization by evaluating, refining, creating, and supporting systems and processes to ensure efficiency and effectiveness as we continue to grow in size and complexity.
• Enhance the use of Adaptive Insights (our financial planning software), which may include integrating with third party software providers, developing new reports, and creating financial dashboards.

Ensure Compliance

• Prepare accurate and timely financial reports to funders/ donors, as required.
• Manage all financial information, including support documentation for grant reports and proposals.
• Track and report compliance with line of credit covenants.

Other duties as needed.

How you’ll do it

Relationship Development & Communication:

• You establish great working relationships with internal and external stakeholders, including staff, community constituents, as well as board members. You are able to open doors, make connections, tell a compelling story through the use of data, and create pathways to ensure financial sustainability in literacy education within a very competitive market. You are an effective communicator and a natural “connector”, and you have a track record of successfully establishing rapport quickly and maintaining relationships, even at a distance.

Think & Act Strategically:

• You understand stakeholder goals and respond to and anticipate future needs. You proactively consider possible future challenges and opportunities in making plans and decisions. You understand the connections and relationships between your work and how it impacts others. You possess the ability to anticipate the implications and consequences of situations and take appropriate action to be prepared for possible contingencies

Display Drive & Achieving Results:

• You identify what needs to be done and do it before being asked or before the situation requires it. You have the ability to focus on the desired result of your work, setting challenging goals, focusing effort on the goals, and meeting or exceeding them.

Financial Expertise:

• You tackle a problem by using a logical and systematic approach. You synthesize financial data into meaningful information for your stakeholders. You are able to translate analysis into actionable recommendations that support decision making.

What we offer

Reading Partners’ compensation and benefits programs are designed to attract, motivate, engage, and retain top talent to propel our mission forward. We aim to set salaries based on objective, external, high-quality market data. Our salaries are adjusted for candidates in different geographic regions. We do our very best to ensure that we’re bringing our best offer - therefore, we do not engage in salary negotiations.

• This is a full-time, exempt, and salaried position. The pay range for this position is $135,703 - $159,650 per year and is contingent on geographic location. After applying, candidates who move forward in the hiring process are provided with the salary for their geographical location. 
• We offer a comprehensive benefits package, including medical, dental, vision, disability, life insurance, flex spending accounts, generous paid time off, commuter benefits, an Employee Assistance Program (EAP), and currently a 403(b) match option.
• Professional development reimbursement fund up to $1,000 per year.
• Unlimited or Flexible Paid Time Off (PTO) benefits for regular employees scheduled to work 30 hours or more per week. In addition to paid holidays, we close our offices for one week in early July and between Christmas and New Year's Day. 
• We offer well-being benefits like Spring Health which provides easy access to therapy, coaching, and wellness resources. We also offer Carrot to help staff navigate inclusive hormonal health, fertility, gender-affirming services, and family-building benefits.
• We offer an exciting and dynamic culture, and we commit to investing in and supporting our amazing people to grow their careers with us.

The other things you need to know:

• This position is remote with occasional travel, up to 10% per year for team meetings and departmental retreats. This position is headquartered at Reading Partners’ National Headquarters in Oakland, CA

What’s Next?

If you’re interested in joining our Reading Partners team, please submit the following application materials to our online job posting:

• A cover letter describing your interest in Reading Partners and how your past experience has prepared you for this role. 
• Resume

Reading Partners is an Equal Opportunity Employer

Qualifications

About you!

You’ll be successful in this role if you:

• 10+ years of relevant job experience in financial planning and analysis (FP&A) in roles with increasing responsibility; 3+ years of people management and leadership experience in the finance sector; nonprofit experience is a plus
• Have experience managing a team within a finance department 
• Display strong analytical and financial modeling skills
• Demonstrate excellent verbal and written communication skills; able to successfully convey financial concepts to non-finance colleagues
• Able to adapt to changing organizational needs and priorities and juggle multiple projects while meeting deadlines
• Demonstrate strategic and analytical thinking abilities and strong problem-solving skills
• Have a bachelor's degree in Finance or Accounting
• Exhibit excellent professional judgment
• Have at least an intermediate experience level in Microsoft Excel
• Knowledge of financial planning software (e.g. Adaptive, Hyperion, Cognos) strongly preferred; familiarity with Salesforce a plus
• Approach your work with pride and have fun while doing it
• Actively seek professional and personal growth opportunities
• Demonstrate a commitment to fostering a dynamic and collaborative work environment.
• Display a deep belief in our mission and root your work in our core values.
• Ability to prove eligibility to work legally in the U.S. and that you are at least 18 years of age.

Bonus Points if you:

• Have an MBA or advanced degree in Finance or Accounting
• Are an AmeriCorps, Peace Corps, or other national service alum/alumna
• Have experience working in launch or growth phases of organizations