Financial Analyst

Company:  Coastal Community Foundat
Location: North Charleston
Closing Date: 09/11/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description

Thank you for your interest in joining the Coastal Community Foundation team. Coastal Community Foundation of South Carolina, a 501(c)(3) nonprofit organization, is an Equal Opportunity Employer with offices in North Charleston and Beaufort, as well as three affiliate foundations. We serve all nine counties on South Carolina's coast: Beaufort, Berkeley, Charleston, Colleton, Dorchester, Georgetown, Hampton, Horry and Jasper counties.
Established in 1974, Coastal Community Foundation works to create vibrant communities by identifying the challenges facing the region and bringing together resources to address them. Coastal Community Foundation is the largest community foundation in South Carolina, managing more than 700 charitable funds established by individuals, families and organizations and awarding tens of millions of dollars in grants and scholarships each year.
Financial resources are among the many tools we employ in our effort to create vibrant communities. Throughout our history we have served as conveners to bring residents and leaders together to facilitate solutions to community-wide challenges such as housing affordability, economic mobility, quality education and physical and mental well-being. We also have a long history of helping nonprofits build their capacity, and incubating grassroots causes to provide them with structural support, so they grow into fully operational
Why Work for Us?
When you join Coastal Community Foundation, you join a dedicated staff and Board of Directors who have earned the trust of donors and grantees alike, helping them advance positive outcomes in the communities they seek to serve and adapting to their evolving needs so that our region thrives together.
We take that same approach and dedication to supporting our staff members to ensure their success at work and outside of the work environment. We offer a competitive salary and a full benefits package, including Paid Time Off, Holidays, Insurance (health, dental, vision, life, disibility), 401(k), and professional training and development opportunities.
Diversity, Equity and Inclusion Statement
Inclusion with equity is one of our four core values at Coastal Community Foundation, so we not only work to recruit diverse candidates, we work to ensure our team members have all the tools they need to be successful. Our purpose is most effectively fulfilled through proactively supporting the values of equity, inclusion, and diversity. Diversity may be measured by, but is not limited to, differences in age, ethnicity, race, gender identity, sexual orientation, economic circumstance, class, religion, disability, geography, and profession. We acknowledge and respect the many differences that comprise thriving communities and seek diversity in our staff to ensure that a range of perspectives, opinions and experiences are recognized and acted upon in achieving our purpose.
It is our intention to promote a fully equitable philanthropic sector that justly represents and serves all our constituencies. Therefore, we strongly encourage applications from candidates of color, of LGBTQ+ identity and of other historically marginalized communities.
About this position
The Financial Analyst will play a critical role in supporting the Foundation's financial reporting, forecasting, and analysis efforts. You will work closely with various departments to provide accurate financial insights that inform strategic decision-making, enhance sustainability, and drive growth initiatives.
Key Responsibilities:
Data Analysis and Modeling:

  • Prepare, analyze, and maintain key financial reports, including projected investment performance, and departmental actuals-to-budget on a weekly/monthly basis.
  • Conduct thorough financial analysis of income statements, balance sheets, and associated activity for the current period to identify significant activity and variances.
  • Communicate and coordinate reclasses needed for accounting reclasses due to specific revenue/expense activity and variances.
  • Develop and maintain financial models to predict performance and assess sustainability for CCF Operations, specialty programs, and potential donor fund/ fiscal sponsorships / outside earned income granting programs.
  • Create summarized activity data to highlight key indicators for presentation to Boards and Committees, by synthesizing complex data into visual formats, such as charts and dashboards.
Financial Reporting:
  • Expedite the annual budgeting process for CCF and Supporting Organizations in coordination with the CFO.
  • Create and maintain detailed operating and cash flow forecasts for Board reporting.
  • Assimilate data modeling and analysis reports, and coordinate with CFO and Corporate Controller for Finance, Investment, and CCF Board reporting needs.
Grant and Fund Management:
  • Collaborate with program teams to prepare new program budgets, ongoing projections, and grant submissions.
  • Gather relevant data to align stakeholder objectives and ensure accurate reporting.
  • Monitor fund balances, ensuring appropriate utilization of funds, and assist in managing new funds, spendables, and exceptions, and internal communication thereof.
  • Prepare financial reports for funders, ensuring compliance with grant terms.
Continuous Improvement:
  • Stay updated on industry trends and regulatory changes affecting the nonprofit sector.
  • Identify areas for reporting and process improvement and implement best practices in financial management.
Required Skills:
  • Strong understanding of financial and accounting principles.
  • Detail-oriented with strong organizational skills and the ability to manage multiple priorities.
  • Excellent analytical skills with the ability to interpret complex financial data, identify trends.
  • Proficient in Microsoft Excel for financial modeling and data analysis.
  • Proficient in Microsoft PowerPoint for presentations and group reporting.
  • Excellent verbal and written communication skills, capable of conveying complex information clearly and easily.
Education and Experience:
  • Bachelor's degree in Finance or Accounting required; Master's degree preferred.
  • Strong passion for and relevant experience (2+ years) in financial analysis, including telling the story behind the numbers in ways non-financial stakeholders can understand.
  • Experience in a nonprofit setting is preferred.
  • Familiarity with Foundant C-Suite software is a plus.
Physical Requirements:
  • Ability to sit for extended periods and occasionally lift items up to 20 pounds.
  • Proficient in using office equipment, including computers and printers.
Apply Now
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