Job Posting

Connelly Foundation, Controller

June 07, 2021
Location: Conshohocken, PA

Inspired by its Catholic heritage, the Connelly Foundation’s mission is to improve the quality of life in the Philadelphia region by supporting charitable organizations in the areas of education, human services, culture and civic life that strengthen resilience and help people to flourish.  Since its founding in 1955, the Connelly Foundation (Foundation) has been a responsive and proactive grantmaking organization awarding grants to nonprofits in the Philadelphia region that demonstrate outstanding performance in meeting community needs.  The work of the Foundation is principally driven by its founders’ John and Josephine Connelly’s personal charitable principles, with an emphasis on strengthening Catholic education, and providing help and opportunity to the needy.

The Connelly Foundation helps nurture resiliency, self-improvement and personal independence, partnering with community and faith organizations, job-training programs, and other organizations that provide vital economic, cultural, civic, religious, and social support services.  The Foundation also maintains an enduring role in providing charitable support to leaders and organizations who serve the acute and chronic needs of the region’s most vulnerable.  Creative new ideas are continuously generated toward programs that would bolster and complement the quality of Catholic education in the Archdiocese of Philadelphia as well as supporting new organizations that respect human dignity and provide opportunity.  In 2021, the Foundation anticipates awarding more than $12 million in grants across its education, human services, culture and civic renewal portfolios.

Position Overview

The Controller is responsible for overseeing the accounting operations of the Foundation, including the production of periodic financial reports, the maintenance of a suitable system of accounting records for financial, grant reporting and tax purposes. This includes transactional investment accounting and budgetary functions. In addition, the Controller will ensure the implementation of a comprehensive set of controls designed to mitigate risk, safeguard assets and enhance the accuracy of the Foundation’s financial results.

The Controller will report to the Chief Financial Officer and will work collaboratively with the other areas of the Foundation to support the Foundation’s mission and philanthropic impact in the community.

 Position Responsibilities

 Financial Accounting

  • Responsible for all accounting operations, including maintenance of the general ledger, investment accounting, accounts payable, payroll processing and payroll tax filing
  • Ensures that all accounting transactions are properly recorded in a timely manner
  • Handles monthly and year-end financial closings and preparation of internal financial reports and analysis including variance analysis, investment rollforwards and General Ledger reconciliations
  • Acts as the point person for accounting system and technology needs / requirements
  • Prepares quarterly internal financial package and variance analysis

Oversee any financial responsibilities and projects performed by other Foundation colleagues

 Investment Monitoring

  • Monitors and records all activities related to the investment portfolio including preparation of adjusting journal entries and providing regular portfolio summaries
  • Oversees tracking of capital distributions and processing of capital calls
  • Participates in investment analysis, preparation for Finance Committee meetings and due diligence for new investment options

 Audit, Budget and Tax

  • Responsible for compilation of audit materials as a part of the annual financial audit and preparation of audit materials related to areas of oversight
  • Coordinates with the Chief Financial Officer and Management Team to prepare an annual operating and grant budget consistent with the vision and focus of the organization.  This includes incorporation of historical variance analysis
  • Responsible for compilation of documentation required by the independent tax preparer to prepare Form 990-PF, 990-T and related state tax filings.  This includes analysis regarding investment transactions and accrual to cash basis conversion

Grants Management and Other

  • Handles tracking and monitoring of grant payments and pledges including reconciliation to the Foundation’s grant management system, Gifts Online
  • Participates in the financial review of grantees, as needed
  • Maintains effective internal control processes to ensure safeguarding of assets, financial accountability and efficient operations
  • Handles regular monitoring of banking relationships and treasury management, cash flow position, capital improvement analysis and maintenance of fixed asset schedules
  • Acts as a technical resource to program and operations staff with regard to financial policy and application
  • Participates in the administration of the 403(b) plan and all employee benefits.  Coordinates enrollment, benefit changes and termination of benefits with Human Resources and verifies the correct application in accounts payable and payroll
  • Understands contract administration and related obligations and expenditures
  •  Completes special projects, as requested by the Chief Financial Officer
  • Participates as an affiliate member of the Foundation Financial Officers Group (FFOG) and aids in the preparation of survey information, as needed, for the Investment, Compensation and/or Administrative Cost Surveys

 Professional Qualifications

  • Bachelor’s degree in Accounting or Finance.  Master’s degree and/or CPA preferred
  • Minimum 10 years of accounting experience.  Non-profit accounting experience is a plus.  Some supervisory experience
  • Experience with accounting, accounts payable and payroll software packages essential.  A working knowledge of Sage / Best software, Bill.com and ADP preferred
  • Experience with investment accounting and reporting highly desirable
  • High degree of professionalism and accountability
  • Timely approach to problem solving and ability to meet deadlines
  • Strong strategic and tactical skills with a demonstrated process/efficiency improvement mindset and initiative
  • Hands-on and proactive self-starter.  Ability to work independently or as a part of a team
  • Strong verbal, written, presentational, and interpersonal communication skills
  • Proficiency with Microsoft Office

 Personal Traits

  • Passion for and commitment to achieving excellence in all aspects of the Foundation’s mission
  • Collaborative and curious
  • Sense of humor