Position Summary
Northwest Michigan Supportive Housing is a 501(c)3 organization that provides housing and case management services to those experiencing homelessness and mental illness in the greater Grand Traverse region. NMSH is seeking an independent contractor to fill the role of Financial Advisor to ensure that we can meet our mission and goals effectively. The ideal candidate will have strong analytical skills, financial planning and federal grant regulation experience, as well as a deep understanding of non-profit accounting practices. The estimated time requirement is 10 – 30 hours a month subject to varying work requirements. Compensation based on needs of the individual.
Key Duties and Responsibilities
- Financial Reporting - Prepare and present accurate financial statements and reports in accordance with nonprofit accounting standards and regulations. Includes, but not limited to the following:
- Monthly bank reconciliations for multiple accounts
- Federal and state tax filings
- Reconcile grant financial records to the general ledger and ensure accurate tracking of revenues and expenses
- Financial Planning and Budgeting - Assist NMSH staff in creating budgets, optimize cash flow and provide insights and recommendations that support strategic planning and decision-making to support the organization’s mission and goals.
- Internal Controls – Work with NMSH staff to establish and monitor internal controls to safeguard assets, prevent fraud, and ensure the accuracy of financial data.
- Audit Preparation - Assist NMSH staff with external audits, ensuring all financial records are accurate and comply with regulations and standards.
- Grant Compliance - Monitor and ensure compliance with federal grant regulations including with the 2 CFR Part 200. Analyze and allocate grant-related costs to ensure proper allocation and compliance with funder requirements.
- Compliance and Risk Management - Ensure adherence to legal and regulatory requirements. Identify and mitigate potential financial risks, ensuring the organization’s long-term sustainability.
- Investment Management - Providing advice and guidance on investment strategies, selecting appropriate investments, and monitoring portfolio performance.
Qualifications
- Financial Knowledge: Strong understanding of financial principles, accounting, budgeting, and investment management. Experience with Quickbooks Online and Google Workspace recommended.
- Analytical Skills: Ability to analyze financial data, identify trends, and make informed recommendations.
- Communication Skills: Clear, concise and effective communication and interpersonal skills with staff, board members, and other stakeholders.
- Organizational Skills: Ability to adapt to varying workloads and deadlines effectively with attention to detail and a high degree of accuracy.
- Knowledge of Non-Profit Laws and Regulations: Experience with nonprofit accounting principles, GAAP, federal and state grant regulations, IRS regulations, Form 990, and other relevant laws.
Application Process
Interested candidates should submit their resume and cover letter detailing their experience and qualifications. We look forward to welcoming a dedicated individual who is passionate about contributing to the financial health and success of our non-profit organization.
- A bachelor's degree in finance, accounting, or a related field is recommended.
- Master's degree and professional certifications (e.g., CFA, CFP) can be beneficial.