Managing Director for Finance and Operations

Village Capital•Washington, DC

4d•$160,000 - $185,000•Remote

About The Position

Village Capital, a US domiciled 501(c)3, delivers entrepreneur support programs and manages blended pools of investment capital. Known for its innovative approaches to supporting founders building solutions to social, economic, and environmental challenges, Village Capital unlocks social and financial capital for early-stage companies to maximize business and impact growth. Since 2009, Village Capital has supported over 2,000 startups that have raised over $9 billion in follow on investment capital. The Managing Director for Finance and Operations will oversee the finance and operations department of Village Capital, ensuring its financial health, compliance with regulations, and operational efficiency. The ideal candidate is a multi-disciplinary leader who is both innovative and detail-oriented and excels at balancing strategic financial management with hands-on operations oversight. In coordination with the CEO and the Managing Director for Impact Investments, this role will be tasked with driving forward Village Capital’s financial strategy and operational model. Experience in investment is essential to effectively integrate Village Capital’s revenue model, historically reliant on restrictive grant funding, with its ‘fit for purpose’ investment strategy. Village Capital is a nonprofit impact investor; therefore as an intermediary, the business model is dependent on successful delivery, and management, of blended finance. The Managing Director for Finance and Operations should possess expertise in investment management: familiarity with fund administration, investment facilities, and accounting practices, as well as a knowledge of blended finance, and willingness to innovate on how to integrate Village Capital’s ongoing investment strategy within the organization’s accounting and operations strategy. Global asset management understanding is key, including ability to manage multi-currency transactions, underwrite and recognize debt and alternative investments, and accompanying accounting and financial modeling skills. Reporting directly to the CEO, the Managing Director for Finance and Operations will play a critical role in aligning financial and operational strategies with Village Capital’s goals.

Requirements

Bachelor’s degree in finance, accounting, business administration, or a related field; CPA, CFA, MBA preferred.
7-10+ years of financial management experience, with an understanding of organizations with highly diversified revenue streams and experience with investment management.
2-3 years in a senior managerial role, including experience supervising teams and third-party providers.
Demonstrated knowledge of Generally Accepted Accounting Principles (GAAP).
Demonstrated ability to build and implement systems that enable efficient finance and grant reporting and seamless integration of operations.
Proven understanding of how to collaborate with diverse teams to manage financial systems that streamline processes to support a complex business model.
Expertise in accounting, financial planning, and operations management.
Strong analytical and problem-solving skills, ability to build forward-looking financial projections and financial models to deliver strategic financial insights.
Proficiency in technology and data management, including financial software.
Working knowledge of human resources operations and organizational development, including compensation structures, performance management approaches, and employment compliance.
Position on AI use cases (and limitations) as relevant to work outputs and willingness to critically engage with firm-wide AI policy development.
Excellent communication skills, with experience presenting financial and operational concepts to technical and non-technical audiences.
Ability to create and maintain a positive organizational culture through leadership and collaboration.

Nice To Haves

Experience designing and implementing business models, including revenue diversification strategies.
Fundraising track record and ability to manage complex external stakeholder relationships preferred; experience in raising pre-seed, seed, Series A rounds welcomed.

Responsibilities

Build the strategy for updating and implementing automated systems and processes to collect, analyze, and report financial data accurately and timely.
Oversee the preparation of monthly and annual financial statements, dashboards, as well as forward-looking projections to inform the CEO, senior management, and board of directors’ decision making.
Manage investment and grant funding pipeline data collection; track financial performance, and ensure compliance with financial reporting requirements.
Manage year-end close processes, annual budgeting, and financial planning, including board approval and variance analysis.
Oversee annual audits and tax filings (e.g., Form 990), including program-specific audits, ensuring timely completion with minimal findings.
Develop and operate cash strategy: optimize the cash runway with efficient management of restricted and temporarily restricted assets and free cash; meet board requirements for cash and unrestricted net assets reserves.
Oversee the strategy and administration of fiscal sponsorships, re-grants, and other pass-through funds.
Develop updated product and service financial model, pricing, and budgeting in line with business model forward strategy.
Build and oversee a fully-integrated back office to support the investment strategy: administration of program-related regrants, direct investments, and investment structures to improve operational efficiency and strengthen overall accounting of liquid and non-liquid assets.
Strategically support the Managing Director of Impact Investments in the creation of investment vehicles and ongoing fund administration, as well as ensure investment, finance, operations, and data analytics staff operate in coordination with accounting and finance functions.
Maintain robust internal financial controls and ensure regulatory compliance.
Monitor financial and tax implications of investment holdings and provide guidance on agreements and contracts.
Oversee corporate administration, including regulatory compliance, contract reviews, external legal services, recordkeeping, incorporation filings (e.g. Delaware), and regulatory (FINRA/SEC) filings.
Oversee team management of IT, annual technology budget, and IT personnel (contractors and/or full time employees as strategy demands).
Ensure compliance with employment law and statutory requirements across Village Capital's operating countries, including oversight of GEO/PEO relationships, international payroll, and entity-level employment obligations.
Build and supervise a high-performing finance and fund administration team that can operationalize financial strategy.
Build and supervise a high-performing human resources team that can operationalize an adaptable, hybrid organizational strategy.
Foster strong internal communication across all teams, with regular updates to departments with work product dependencies and in promotion of a collaborative and supportive workplace culture.
Oversee strategy related to banking operations, credit cards, and petty cash to ensure accurate reporting and regulatory compliance.
Oversee finance team management of third-party service providers for bookkeeping, controls, accounts payable/receivable, and financial software.
Ensure service levels and practices align with VilCap’s needs and industry standards.
Ensure timely and accurate financial reporting, tax filings and other finance and administrative-related matters for VilCap legal entities.
Coordinate cross-functional policies and processes impacting finance, operations, and grant management.
Ensure accurate documentation, record keeping, and alignment with organizational systems.
Oversee the procurement and contracting process for the organization’s third-party services and the administration of systems used in finance and administration.
Work closely with the CEO and Treasurer of the Board to liaise with the Board of Directors, including serving on and co-leading the Board Finance Committee.
Oversee preparing and distribution of meeting materials, financial reports, and dashboards for Quarterly Finance Committee and Board meetings, and lead presentation of financial results during quarterly meetings.
The Managing Director will be responsible, in collaboration with the CEO, for the design, management, and evolution of Village Capital’s business model, and in collaboration with the Business Development team, Village Capital’s revenue diversification strategy.
Fundraising track record and ability to manage complex external stakeholder relationships preferred; experience in raising pre-seed, seed, Series A rounds welcomed.
Willingness to ensure design and quality of products/services to find complementary, mutual benefits between Village Capital activities and value creation.
Understanding of stakeholder value-creation business models and ability to design and run a multi-stakeholder, systems-change focused operational model.
Familiarity with regenerative and sustainable business models and willingness to leverage these principles to Village Capital’s operational and strategic growth.
Commitment to community-based decision-making practices and community centered approaches.

Benefits

Base salary of $160,000–$185,000 (or the equivalent in local currency)
Fully remote work environment
Flexible PTO
Annual professional development allowance
Wellness allowance
Remote work stipend
Monthly reimbursement for cell phone and internet
Monthly health allowance (for candidates in the United Kingdom and Kenya)
Health benefits package including medical, dental, vision, and life insurance (for candidates in the United States)
401(k) with up to a 3% match (for candidates in the United States)