Senior Manager, Finance (Hybrid)

Description

POSITION: Senior Manager, Finance (Hybrid)

JOB LEVEL: 5 (Senior Manager/Manager)

REPORTS TO:   Assistant Controller 

LOCATION: New York, NY

FLSA STATUS: Exempt

WEBSITE: www.thenytrust.org

START DATE:  June/July 2025

ABOUT US

As New York's largest community foundation, The New York Community Trust (“The Trust”) fosters and engages in enduring and innovative philanthropy, making grants that bring together the local knowledge and expertise of its team, nonprofits, and partners to help donors fulfill their vision for the causes they love. From education and the arts to health care and the environment, The Trust seeks to improve every aspect of the cultural and civic life of New York City, Long Island, and Westchester.

The Trust is a regional philanthropic leader, delivering nearly $200 million in grants in 2024 and more than $2 billion in the past decade. In addition to a distinguished competitive grantmaking program, The Trust hosts donor-advised funds (DAFs) that make grants throughout the United States as well as funder collaboratives that work on the leading edge of philanthropy to improve the lives of New Yorkers.

Having celebrated its centennial anniversary in 2024, The Trust has long been a leader in the field, with innovations ranging from establishing the first donor-advised fund in the 1930s to making landmark grants, including some of the first to fight AIDS, build The High Line, support immigrant communities in the region, and respond quickly in the early days of the COVID-19 pandemic.

POSITION DESCRIPTION

The Senior Manager, Finance role is a new position reporting to the Assistant Controller and collaborating with department staff and other organizational units. The Trust is seeking someone with broad managerial skills, as well as experience in finance, investment, and grants administration, to enhance the department’s operations. Based on various initiatives and new functions related to finance and investments, the position has the potential for growth over time.  

The Senior Manager, Finance, will supervise the Accounting Manager and oversee the recording process of The Trust’s cash contributions for over 2,000 individual charitable funds that The Trust administers. Our bank reconciliation process, which was previously outsourced, will be brought back in-house and managed by the Finance department. The Senior Manager, Finance will serve as the primary liaison during the transfer process and work closely with the Accounting Manager to review and create new procedures to ensure the accuracy of financial information. 

The Senior Manager, Finance will work closely with the Assistant Controller during month, quarter, and year-ends to reconcile The Trust’s activities, including but not limited to cash, investments, receivables, payables, grants, and contributions. 

This position involves carefully managing and reviewing The Trust’s contributions to ensure accurate and timely revenue recognition and credit to The Trust’s charitable funds. The position may require extended hours during peak financial periods, such as audits and year-end deadlines.

RESPONSIBILITIES

• Review daily cash transactions to ensure accurate and timely recording of transactions. 
• Performs monthly bank reconciliations of The Trust’s bank accounts. 
• Provides backup to other team members for cash and non-cash contributions and financial management of an affiliate. 
• Manages the activities of individually managed investment accounts, including Open Architecture.
• Works with other team members to reconcile The Trust’s investment activity. 
• Assists in the preparation of annual audits of The Trust’s financial statements and defined benefit plan. 
• Supervise the Accounting Manager and evaluate employee performance. 
• Assists in managing The Trust’s banking activities.
• Performs due diligence review of existing and potential grantees’ financial information per The Trust’s guidelines for grants.
• Assists in the preparation of the administrative budget. 
• Assists with any special projects as needed (i.e., assisting with automation of monthly tasks/entries).

Requirements

• Bachelor’s degree in Accounting, Finance, or a related field.
• Minimum of 5 years of experience in accounts receivable or credit management, with at least 2 years in a managerial role (training, development, delegating assignments, problem-solving, etc).
• Proficiency in accounting software (e.g., QuickBooks, Sage Intacct, Oracle NetSuite) and Microsoft Excel (aging reports, VLOOKUP, PivotTables).
• Strong understanding of Nonprofit Generally Accepted Accounting Principles (GAAP) and financial reporting.
• Work experience in philanthropic organizations and grant administration is a plus.
• Experience in process improvement and automation is a plus.

COMPETENCIES

• Ability to manage multiple urgent and ongoing projects while allocating time for problem-solving issues and training the Accounting Manager.
• Strong attention to detail, analytical mindset, and highly organized.
• Ability to lead, train, and motivate staff and maintain a positive department culture. 
• Exceptional written and verbal communication skills. 
• Ability to collaborate with different departments on organizational initiatives.

COMPENSATION

The annual starting salary range for this position is $100,000 to $115,000, commensurate with the candidate's experience and education. The position is on-site at our New York office, and we adhere to a hybrid work model, which includes four days in the office and one remote day per week, as well as seasonal remote weeks and flexible remote days throughout the year. The Trust offers excellent benefits, including a pension plan, an 8% employer contribution to a 403(b)-retirement plan, partially subsidized medical insurance coverage, and tiered medical plan offerings, generous paid time off, fully paid family bonding leave, and other benefits.

The Trust is a qualifying nonprofit organization defined by the Public Service Loan Forgiveness ("PSLF") Program. As such, Trust employees may claim their employment time on their application.

HOW TO APPLY

Please apply through The Trust's HRIS platform, Paylocity. Please upload your resume and cover letter. During the interview process, an Excel exam will be issued to analyze AR data, manage collections, and track outstanding balances efficiently.

The Trust is an Equal Opportunity Employer and does not discriminate based on age, color, national origin, ethnic origin, citizenship status, disability, race, religion, creed, gender, sex, sexual orientation, gender identity and expression, marital status, veteran status, or any other characteristic protected by federal, state, or local law in its recruitment and employment policies. In addition, The Trust will provide reasonable accommodation for qualified individuals with disabilities. We are committed to diversity, equity, inclusion, belonging, and accessibility ("DEIBA") initiatives and identifying qualified candidates to support The Trust's mission, vision, and values. 

In compliance with federal law, all individuals hired will be required to verify their identity and eligibility to work in the United States and complete the required employment eligibility verification document form upon hire.