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Black Innovation Alliance (BIA) is a national coalition of 175 innovator support organizations (ISOs) across 50+ cities that work with nearly 300K business owners, startup founders, and creative technologists to grow and accelerate their ventures. By centralizing coordination between ISOs and those looking to support Black innovators, we are able to increase ecosystem efficiency while reducing fragmentation. The result is a more collaborative and high-performing ecosystem and more successful Black entrepreneurs, makers, and creatives.
BIA is an ecosystem-building institution dedicated to closing the racial wealth gap through the direct support of Black-led innovator support organizations in service to Black entrepreneurs, tech founders, and creative technologists.
In its first 10 years, the Black Innovation Alliance will recruit at least 500 organizations to support, fund, and sustain one million Black innovators.
To learn more about BIA's Key Focus Areas visit: www.blackinnovationalliance.com
BIA Organizational Structure
Black Innovation Alliance (BIA) operates in a fast-paced, high-growth environment that is very similar to the start-up environment, despite being a non-profit organization. The vision and the mission set forth by its founders have been validated during the past two years by funders that include eBay Foundation, Kauffman Foundation, Surdna Foundation, UBS, Google, and a host of other Grantmakers who see this work as vital to closing the racial equity wealth gap through entrepreneurship. It is important to make this distinction because the processes and resources that are needed at this stage of growth must align with this reality. .
We are a learning organization. The ecosystem-building field is still emerging and so ours is an organization that actively creates, acquires, and transfers knowledge within itself and works hard to modify its behavior to reflect new knowledge.
We seek dedicated self-starters that excel at their craft and can roll up their sleeves and work collaboratively to deliver on all initiatives, projects, and programs in a timely manner.
Position Summary
The Finance Manager has responsibilities covering all aspects of financial management such as financial accounting, cashflow, policy & compliance, reporting & audit, taxation, financial planning and analysis, and finance information system.
Essential Responsibilities
Financial Accounting:
Manage day to day financial transactions and payments
Manage intercompany transactions and balance reconciliation
Ensure monthly reconciliation with banking and financial transactions
Ensure accuracy of revenue, cost of sales and gross profit by operation
Monitor and follow up on accounts receivables for overdue payment, non-payment and other irregularities
Work with CAO on needed fund flows and banking matters
Policy & Compliance:
Ensure compliance to regulatory requirements and finance policies
Monitor changes and emerging trends in accounting standards and regulation
Statutory Accounts and Audit:
Owner of the bookkeeping processes for BIA
Plan and coordinate the annual financial audit process to ensure accounts are prepared and filed in time
Resolve issues and deficiencies arising from audit findings
Taxation:
Oversee all taxation matters
Ensure annual statutory tax filing are completed and submitted on time
Financial Planning and Analysis:
Collaborate with CAO & CEO to prepare the budget and forecast
Provide analysis and challenge with feedback to ensure completion of budget & forecast, reflecting the economic trends and business fluctuations
Provide support in key business decisions as required
Provide feedback and recommendations to CAO & CEO
Monthly Business Review:
Review and analyze monthly results
Review overhead cost and identify cost saving / control opportunities and unusual items
Design and implement KPI analysis and reporting in consultation with CAO
Finance Information Systems and Reporting:
Ensure the appropriate set up of accounting rules in the financial system
On time reporting of financial results
Lead continuous improvement program relating to finance processes
General:
Attend regular (weekly and bi-weekly) virtual team meetings as well as monthly general body meetings.
Attend quarterly in-person team meetings (locations vary; expenses covered by BIA).
Attend an annual in-person team retreat (expenses covered by BIA).
Job Requirements
Education
Bachelor’s degree in accounting, finance, or a related field, or equivalent.
Required Competencies
3+ years of proven experience
Strongly self-motivated with the ability to work independently.
Ability to work collaboratively with a diverse team of external vendors.
Financial Analysis and Reporting
Budgeting and Forecasting
Accounting and Compliance
Risk Management
Proficiency in Financial Software
Strategic and Analytical Thinking
Leadership and Team Management
Strong Communication Skills
Attention to Detail and Accuracy
Adaptability and Continuous Learning
Physical Requirements
The work environment will be a location of the employee's choosing and should be free of distractions and conducive to working with confidential information. Team members should be able to fulfill the job requirements with or without reasonable accommodation.
Alignment with BIA Culture: E3= Energy + Execution + Emotional Intelligence
Black Innovation Alliance is experiencing high growth and team members are expected to keep up with the pace. High energy, focus and self-motivation are needed in order to execute on time, every time. We serve as daily creators of the project that is BIA. How you represent shows up in the dedication you put into your work. Team members are required to maintain high levels of self-awareness and emotional intelligence.
Benefits
Competitive salary: $65,000-$100,000 depending upon experience
Work remotely from anywhere in the world
Four (4) all-expenses-paid team meetings (flight, accommodations, group dinners)
10 paid federal holidays off
Unlimited PTO
2 weeks of winter holiday vacation (BIA closed)