Budget Director

Detroit Employment Solutions Corporation•Detroit, MI

7m•Hybrid

About The Position

The Budget Director is a critical leadership role designed to strengthen the organization’s financial sustainability and compliance across diverse funding streams, including federal, state, philanthropic, and corporate sources. This role will ensure accurate budgeting, strategic financial planning, and adherence to regulatory requirements, supporting the organization’s mission and long-term goals. This position will enhance fiscal oversight, improve transparency, and mitigate financial risk, aligning with best practices in nonprofit governance. The Budget Director will ensure the financial sustainability and compliance of the organization by managing all budgeting processes across federal, state, philanthropic, and corporate funding streams. This position is critical for maintaining fiscal integrity and supporting strategic priorities.

Requirements

Ensures resources are allocated effectively to advance the organization’s mission and long-term goals.
Supports adherence to federal, state, and grant regulations, minimizing financial risk.
Provides clear, accurate financial reporting to leadership and the Boards.
Bachelor’s degree in Finance, Accounting, or related field.
Minimum 7 years of experience in budgeting and financial management.
Nonprofit experience and grant compliance expertise required.
Demonstrated experience uncovering root cause at the core of financial.

Nice To Haves

Master’s preferred.
CPA or other certification preferred.
Prior experience building and/or leveraging accounting software and other technology for tracking and reporting strongly preferred.

Responsibilities

Prepare and manage annual and multi-year budgets at the organizational level, for the Mayor’s Workforce Development Board, and for 50+ funding sources.
Monitor performance and provide variance analysis with corrective actions.
Ensure compliance with all funding regulations.
Deliver timely, accurate reports to funders, auditors, and regulatory bodies, and boards.
Advise leadership on financial implications of strategic decisions.
Support grant proposals and philanthropic funding strategies leveraging blending and braiding of funds where allowable to maximize outcomes.
Maintain robust financial controls.
Oversee audit readiness and policy compliance.
Supervise finance staff and foster cross-department collaboration.
Oversee organization’s general ledger and budget management functions, including preparation of the annual budget.
Coordinate with accounting staff on accounts, ledgers and reporting systems ensuring compliance with GAAP standards, regulatory requirements, and rules for nonprofits.
Coordinate with finance staff on budgets, ledgers, and reporting ensuring compliance with all grant/funder rules and regulations.
Advise on annual financial and single audit and 990 processes, serving as a liaison to the external auditor.
Manage procurement staff to ensure planned expenditures are appropriately budgeted, allocated, executed, and paid.
Provide advice and counsel regarding financial matters and controls to organizational staff and leadership.
Prepare and present monthly, quarterly, and annual financial information for review, (including explanations for variance analyses) and prepares cash flow analyses.
Understand the system at a deep enough level to develop processes and procedures that ensure efficient operations, promote cross-functional handoffs, and exhibit solid financial controls to ensure data flows timely and accurately.