Managing Director

September 1, 2021

Overview

Forward Cities, a national nonprofit championing equity in entrepreneurship, is seeking a Managing Director to help position our mission-driven organization for its next chapter of growth. As a successful candidate, you will be equally comfortable with detailed financial planning as you are with maximizing human resources. Your focus will be on results, yet understand it takes a village to deliver them. You know how to marshal support for your plans, and your follow through is key to who you are.

  • Are you driven by creating systems and workflows to achieve strategic goals?
  • Do you communicate directly and have a knack for building an equitable team culture?
  • Is your style to manage by teaching and lead through hands-on action?

If this describes you, we invite you to keep reading...

As Forward Cities’ Managing Director, you’ll execute the strategic plan and achieve results by leading, managing, and holding the team accountable for agreed-upon commitments and financial goals. You’ll remove obstacles and barriers, standardize and systematize work, integrate all major functions of the business, and track financial progress. You’ll work with the CEO to filter and translate ideas into the functional plans and fiscal strategies of the organization. 

The Managing Director will report to the CEO and have responsibility for guiding the leaders and integrating the work of the core areas of the business including Programs, Revenue Development, Marketing & Communications, and Finance & Operations - with direct responsibility for the latter.  As an enterprise that is leveraging the Entrepreneurial Operating System (EOS), you will also gain in-depth experience in this rapidly growing and widely accepted operating discipline, and own the vital role of organizational Integrator.

 

RESPONSIBILITIES

General Management & Leadership
  • Partnering with the CEO on short- and long-term planning.
  • Executing the strategic plan; achieve or exceed planned P&L objectives.
  • Owning the organizational scorecard and leveraging it to proactively identify issues.
  • Leading, managing, and holding the leadership team accountable for achieving agreed-upon commitments in alignment with organizational values and culture.
  • Integrating all major operating functions of the organization using the Entrepreneurial Operating System (EOS) and adapting it along the way for use in our equity-focused and mission-driven organization. Ensuring everyone is rowing together in the same direction. Modeling the way, always working toward the greater good of the business.
  • Resolving issues quickly and effectively - seeing real problems, being comfortable with conflict, calling out the problems, and solving the problems in a practical and healthy manner. Ensuring the leadership team is healthy, functional, and cohesive.
  • Ensuring that everyone is truly following, and adhering to, the organization’s core processes and operating system with consistency. Demonstrating effective project management and continuous improvement skills. Using both skills to evolve our core processes.
  • Filtering and translating the CEO’s ideas into functional plans for the company. Effectively collaborating with the CEO to remain aligned at all times. 
  • Confirming that all key messages are properly and consistently cascaded across the organization, ensuring that everyone is ‘in the know’.
  • Leading staff recruitment and working with hiring managers to ensure effective onboarding processes.
  • Managing the quarterly and annual performance review process and providing the CEO with a quarterly analysis of staff and managerial performance. Support management on issues of performance, conflict, and employee engagement - engaging external coaching and/or training, when necessary.
  • Supporting employee relations and efforts to create and maintain a healthy, positive, and productive workplace, which includes:
    • Ensuring and developing (where necessary) fair and consistent internal staffing, advancement, and compensation structures.
    • Managing the monthly and annual benefits administration program and enroll new employees.
    • Directly supervising the PT Operations Assistant and her/his management of day-to-day administration and HR support activities.
Finance Functions
  • Serving in the capacity of chief financial officer of the organization with responsibility for leading the preparation of the budgets (organizational and engagement), cash flow projections and oversight and delegation authority for ongoing budget maintenance. 
  • Reporting, as delegated by the CEO, on the financial situation of the organization to the full Board of Directors and leadership team, otherwise attending the meetings in an advisory capacity.
  • Directly managing relationships with and deliverables of a contract bookkeeper, which includes fulfilling all non-executive checks and balances as outlined in the Finance and Operations Policies of the organization.
  • Convening and moderating the monthly Finance & Audit committee meetings of the Board of Directors to allow for the full execution of the fiduciary responsibility of the Trustees. 
  • Leading the pre-accounting process, in particular the receipt management and approval and accounts payable/receivable processes. 
  • Preparing all financial reports, presentations and ad hoc requests for the Board of Directors in consultation with the bookkeeper and Senior Vice President.
  • Coordinating the annual audit process with the external auditor in a proactive and professional manner.
  • Implementing the annual budgeting and planning process with all departments of the organization; draw up and monitor program budgets for new grants or contracts that emerge throughout the year in consultation with department leads.
  • Training staff on policies and procedures and tasks that intersect with the responsibilities of the Operations Assistant.

QUALIFICATIONS

  • 10+ years of senior leadership and team management experience
  • 3+ years managing the financial and accounting functions of a nonprofit organization
  • A demonstrated commitment to our values of equity and inclusion, as evidenced by personal and/or professional achievements.
  • Familiarity or experience with EOS (or the ability and willingness to get up to speed quickly.
  • Broad mix of experience in  start-up to medium-sized companies/organizations is preferred.
  • Collaborative nature as demonstrated by management experience across multiple departments and disciplines
  • Highly analytical; able to make data-driven decisions and establish effective metrics.
  • A “player-coach” who can both manage teams and get into the weeds when necessary.
  • Experience with nonprofit organizational management is a plus.

 

Reporting Authority & Location

The role will report to the CEO and is based in Durham, NC. You must be located in or be willing to relocate to (by the position start date) to Durham or the surrounding area. At this time we are unable to provide financial relocation assistance.

Salary & Benefits

$125,000 annually. Includes full benefits (unlimited PTO, paid parental leave, subsidized group health plan/health insurance stipend, employee-sponsored life insurance, annual telecommunication stipend, and 403(b) plan participation after 90 days with the organization).

 

 

Forward Cities provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, leaves of absence, compensation, and training.