Senior Director, Finance
Finance, Social Impact & Philanthropy | Hybrid in New York, NY | Full Time | From $135,000.00 to $145,000.00 per year
Sesame Workshop has an immediate need for an experienced Senior Director, Finance to oversee and own the budgeting, financial planning, and reporting for the International Social Impact group. The position calls for a detailed oriented professional with a strong accounting background and working knowledge of donor budgeting and reporting. The Senior Director, Finance must be comfortable interacting with various levels of management and highly confidential information. This position will report to the VP, Finance – Social Impact and Philanthropy and have two direct reports.
In addition to ownership of the International Social Impact P&L, the Senior Director, Finance – SIP International will support the financial management and reporting around Sesame’s Humanitarian Initiative, South Africa local office and programs. To be successful in this role, the ideal candidate must come with solid budgeting, financial planning, reporting and compliance experience to assist with the management of the largest components of the International Social Impact portfolio. The Senior Director, Finance must be comfortable with delegating tasks while remaining the main Finance point of contact for all Humanitarian and South Africa financials. Additional requirements include advanced experience in working for an NGO/non-profit, creating, revising, and monitoring donor-funded program budgets and preparing financial reports (budget vs actual) and analysis.
The ideal candidate is someone who can build financial models, gather the information necessary to forecast revenues and expenses, and think into the future, but who will understand how to incorporate prior performance into the planning and budgeting process. It also requires someone who can operate independently and think for themselves but is willing to bring that independence into a team environment and share information with others, all working towards common goals. We are looking for someone who can delegate responsibility, comfortable speaking and presenting financial information and recommendations to all areas of senior management (e.g., SVP, International Social Impact, SVP, Operations, Chief Development Officer). Finally, the candidate will have previous experience working on a team providing financial support to offices/subsidiaries outside of the United States.
Please Note: The stated salary range in this posting is an average and may not be reflective of individual circumstances. We will review specific salary information during the interview process.
Accounting, Finance and Operations
- Manage all areas of the accounting and finance functions for the International Social Impact department, including general ledger and funder program budgeting, accounting, and reporting.
- Plan and execute the coordination and preparation of the International Social Impact department’s annual budget, quarterly closings and estimates, and oversight of all program budgets.
- Address questions from donors about budgets, financial plans, expense timelines and projections, and underlying budget assumptions.
- Review plans to spend for budget applicability and reasonableness. Ensure all program expenditures follow Sesame Workshop’s internal policies and procedures as well as donor requirements.
- Review and approve all documentation and support for program spending to ensure reasonableness, allowability and allocability.
- Review third-party/sub-recipient budgets, contracts, cash flow statements against funder agreements and internal financial projections.
- Consolidate sub-recipient budgets and financial reports to create cohesive budgets and financial reports, according to donor guidelines and format.
- Review grant/sponsorship/other revenue deal memos and grant/sponsorship/other revenue contracts for financial implications.
- Continuously, monitor budget versus actual and notify Program Leads, VP Finance, and other key team members of budget variances and/or the need for revised budgets. Keep VP, SIP Finance informed on program changes that will impact Sesame’s Fiscal Year Budget/Estimate(s).
- Complete Quarterly Close and Estimates; ensure that all actual and projected revenue and expenses are accurately recorded, accrued, and reported in Sesame Workshop’s financial systems.
- Review and approve International Social Impact proposal budgets.
- Support annual audit, including annual uniform guidance audit, as it relates to international projects and subsidiaries.
- Lead consolidation of branch offices and subsidiaries (currently Bangladesh, India, Iraq, Jordan, and South Africa) and ensure conformance with US GAAP reporting and disclosure requirements. Act as main “point of contact” for foreign office finance leads and remain abreast of local tax risks, VAT invoicing, transfer pricing and annual local audits.
Team Development and Leadership
- Supervise Director, Finance International Social Impact and Humanitarian Senior Grant Accountant in s/he’s support of projects, including training as required, delegation of responsibility, and monitoring of performance.
- Oversee, direct, and organize the workflow for direct reports.
- Promote a culture of high performance and continuous improvement that values learning and a commitment to quality.
- Ensure staff receives timely and appropriate training, development, and feedback.
- Mentor and develop staff using a supportive and collaborative approach; assign accountabilities; set objectives; establish priorities; and monitor and evaluate results.
- Must have the legal right to work in the United States
- Bachelor’s degree: CPA preferred
- 7+ years of experience in financial planning, fiscal management, accounting and non-profit accounting or funding experience; thorough understanding of GAAP
- At least four years of managerial or supervisory experience in financial areas
- Experienced in budgeting and reporting in foreign currency, currency conversion
- International business experience including experience with international branch offices or subsidiaries, including knowledge of international accounting standards and taxation is a plus
- Thorough understanding of General Ledger systems; knowledge of NetSuite and/or TM1 a plus
- Experience with US government grants and contracts and the related compliance requirements
- Proficiency in Excel and PowerPoint
About Sesame Workshop
Sesame Workshop is the nonprofit educational organization behind Sesame Street which reaches 156 million children across more than 150 countries. The Workshop’s mission is to use the educational power of media to help children everywhere grow smarter, stronger, and kinder. Delivered through a variety of platforms, including television programs, digital experiences, books and community engagement, its research-based programs are tailored to the needs of the communities and countries they serve. For more information, visit us at www.sesameworkshop.org.
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