Fast Facts
Reading Partners is seeking a Managing Director of Financial Planning & Analysis to lead the FP&A function and provide critical financial support to enhance educational literacy across the nation.
Responsibilities: Lead the budgeting and forecasting processes, provide strategic financial analysis to senior leadership, and support operational excellence across the organization.
Skills: Strong analytical and financial modeling skills, excellent communication abilities, proficiency in financial planning software, and expertise in Microsoft Excel.
Qualifications: 10+ years of experience in FP&A, with at least 3 years in a leadership role. Nonprofit experience preferred and a bachelor’s degree in Finance or Accounting.
Location: Remote within specific operating locations: Los Angeles, CA, Seattle, WA, Baltimore, MD, Charleston, SC, New York City, NY, and Washington, D.C.
Compensation: $135703 - $151668 / Annually
Job DetailsJob Location: Reading Partners Los Angeles - Los Angeles, CA 90036Position Type: Full-TimeSalary Range: $135,703.00 - $151,668.00 Salary/yearJob Category: Finance/AccountingReading Partners is changing the education landscape. We are a leader in working to solve the literacy crisis in our country by leveraging community volunteers in under-resourced schools. Our diverse and expansive volunteer base provides one-on-one tutoring to students twice weekly, and our program is proven to help children master the reading fundamentals they need to unlock their potential as successful, happy, and confident readers in school and in life. Our people are our heartbeat and our greatest resource; we are all passionately rallied around our mission to help children become lifelong learners by empowering communities to provide individualized instruction that truly works. Join our stellar, committed team leading the charge to deepen our impact and expand our service. Watch this video to learn more about the mission and core tutoring work of Reading Partners.
The high level
The Managing Director of Financial Planning & Analysis (MDFP&A) is an essential member of the Finance and Accounting team, leads the FP&A function, and reports directly to the Chief Financial and Operations Officer (CFOO). The Managing Director will provide business and financial advice to the CFOO and various budget leaders within a national, distributed organization. The position is responsible for assisting in the preparation of budgets, forecasts, and financial reports and analyses for various national departments and regional Executive Directors and serves as a liaison between national and regional teams. The position provides regular support to other Finance-related functions, such as the month-end close process.
They will manage a team of two to maximize student outcomes over the long term through the efficient, effective, and sustainable allocation of financial resources. They will manage the Senior Manager of Financial Planning & Analysis and work with the CFOO to envision future staffing for the Finance team.
Our work is rooted in supporting leaders who bring program expertise and recruit and train community volunteers, in making effective budgetary decisions. We help empower leaders with high-quality financial information and advice that is accurate and timely.
Location: This position is remote but requires candidates to reside within one of the following Reading Partners’ operating locations: Los Angeles, CA, Seattle, WA, Baltimore, MD, Charleston, SC, New York City, NY, and Washington, D.C.
What you’ll do
Financial Planning & Analysis
Strategic Planning
Provide key support to the CFOO with the annual strategic planning process. Build financial models and forecasting tools that allow for long-term scenario planning in support of the strategic planning process.
Budgeting / Forecasting
Play a lead role in the creation of our annual budget; support the development of a sustainable $33 million budget for the fiscal year and forward by developing prudent and realistic forecasts. Lead annual budgeting process and monthly forecast process. Prepare monthly reporting of financial performance and variance analysis of financial results by region/ function. Support the executive leadership team in the stewardship of its key financial metrics. Collaborate with budget owners, development teams, and the regional operations team on cash flow forecasts. Partner with national and regional leaders to provide financial support and guidance. Advise budget leaders on fiscal operating decisions and collaborate with them to achieve financial sustainability goals. Analyze trends in spending and behavior in order to maximize resource allocation and results. Prepare financial reports and other materials for the quarterly Board of Directors meetings.
Financial Operations and Systems
Oversee operational excellence across the organization by evaluating, refining, creating, and supporting systems and processes to ensure efficiency and effectiveness as we continue to grow in size and complexity. Enhance the use of Adaptive Insights (our financial planning software), which may include integrating with third-party software providers, developing new reports, and creating financial dashboards.
Ensure Compliance
Prepare accurate and timely financial reports to funders/ donors, as required. Manage all financial information, including support documentation for grant reports and proposals. Track and report compliance with line of credit covenants.
People Management and Leadership
Guide employee performance management and support the professional development of team members Lead planning and facilitation of team and department meetings Participate in Leadership Team (LT) meetings, retreats, and collaborative spaces Collaborate closely with national departments to support financial reporting, documentation, and processes to guide the organization’s approach to financial sustainability and infrastructure growth
How you’ll do it
Relationship Development & Communication:
You establish great working relationships with internal and external stakeholders, including staff, community constituents, as well as board members. You are able to open doors, make connections, tell a compelling story through the use of data, and create pathways to ensure financial sustainability in literacy education within a very competitive market. You are an effective communicator and a natural “connector”, and you have a track record of successfully establishing rapport quickly and maintaining relationships, even at a distance.
Think & Act Strategically:
You understand stakeholder goals and respond to and anticipate future needs. You proactively consider possible future challenges and opportunities in making plans and decisions. You understand the connections and relationships between your work and how it impacts others. You possess the ability to anticipate the implications and consequences of situations and take appropriate action to be prepared for possible contingencies
Display Drive & Achieving Results:
You identify what needs to be done and do it before being asked or before the situation requires it. You have the ability to focus on the desired result of your work, setting challenging goals, focusing effort on the goals, and meeting or exceeding them.
Financial Expertise:
You tackle a problem by using a logical and systematic approach. You synthesize financial data into meaningful information for your stakeholders. You are able to translate analysis into actionable recommendations that support decision-making.
What we offer:
Reading Partners’ compensation and benefits programs are designed to attract, motivate, engage, and retain top talent to propel our mission forward.
Compensation: This is a full-time, exempt, and salaried position. The pay range for this position is $135,703 - $151,668 per year and is contingent on geographic location. After applying, candidates who move forward in the hiring process are provided with the salary for their geographical location. We aim to set salaries based on objective, external, high-quality market data. Our salaries are adjusted for candidates in different geographic regions. We do our very best to ensure that we’re bringing our best offer - therefore we do not engage in salary negotiations.
Our benefits: We offer a comprehensive benefits program intentionally crafted to support employees and their families with physical, mental, and financial health:
Health & Insurance Benefits: Medical, dental, and vision insurance with substantial employer contributions toward both employee and family premiums; life and disability insurance at no cost to employees; and a free Employee Assistance Program (EAP). Pre-Tax Medical Support: Significant pre-tax employer funding to help offset employees’ out-of-pocket medical expenses, including providing first dollar coverage for some plan options. Mental Health Support: Spring Health for easy access to therapy, coaching, and wellness resources, including six sessions provided at no cost to employees. Inclusive Health Support: Carrot for guidance and support related to hormonal health, fertility, family-building, and gender-affirming services. Retirement Benefits: 403(b) retirement plan with immediate eligibility to participate and to receive employer matching contributions. Paid Time Off: Flexible Paid Time Off (Unlimited PTO) and Paid Parental Leave for up to 8 weeks for birth and non-birth parents. Holidays & Office Closures: 14 paid holidays annually, plus one week of office closure in early July and two weeks in late December. Culture & Growth: A dynamic, mission-driven culture with a strong commitment to employee development and career growth.
The other things you need to know:
This position is remote
What’s Next?
If you’re interested in joining our Reading Partners team, please submit the following application materials to our online job posting:
A cover letter describing your interest in Reading Partners and how your past experience has prepared you for this role. Resume
Reading Partners is an Equal Opportunity Employer
QualificationsAbout you!
You’ll be successful in this role if you:
10+ years of relevant job experience in financial planning and analysis (FP&A) in roles with increasing responsibility; 3+ years of people management and leadership experience in the finance sector; nonprofit experience is a plus Have experience managing a team within a finance department Display strong analytical and financial modeling skills Demonstrate excellent verbal and written communication skills; able to successfully convey financial concepts to non-finance colleagues Able to adapt to changing organizational needs and priorities and juggle multiple projects while meeting deadlines Demonstrate strategic and analytical thinking abilities and strong problem-solving skills Have a bachelor's degree in Finance or Accounting Exhibit excellent professional judgment Have at least an intermediate experience level in Microsoft Excel Knowledge of financial planning software (e.g. Adaptive, Hyperion, Cognos) strongly preferred; familiarity with Salesforce a plus Approach your work with pride and have fun while doing it Actively seek professional and personal growth opportunities Demonstrate a commitment to fostering a dynamic and collaborative work environment. Display a deep belief in our mission and root your work in our core values. Ability to prove eligibility to work legally in the U.S. and that you are at least 18 years of age.
