Orthodox Union · 1 month ago
Director of Financial Operations
New York, New York
Full-time
Onsite
Director/Executive
$175K/yr - $200K/yr
8+ years expThe Orthodox Union (OU) is the largest Orthodox Jewish organization in the United States. The Director of Financial Operations provides strategic leadership and oversight for the organization’s day-to-day financial transactions and operational accounting functions, ensuring accuracy and integrity in financial processes while leading a team of finance professionals.
Non-profit Organization Management
Responsibilities
Lead and develop the Financial Operations team, fostering a culture of accountability, accuracy, and continuous improvement
Establish and maintain effective internal controls and standard operating procedures to ensure compliance with the organization’s policies, GAAP, and regulatory requirements
Collaborate with senior leadership throughout the organization, auditors, and other departments to support organizational priorities
Oversee the billing operations to ensure invoices are accurate, timely, and compliant with customer terms
Manage the accounts receivable process, including customer account reconciliations and timely posting of receipts
Develop and monitor metrics to improve billing and collection efficiency
Direct collection efforts to minimize aging receivables and maintain healthy cash flow
Establish escalation protocols for delinquent accounts and coordinate with OU Kosher to resolve payment disputes
Work closely with OU Kosher to ensure collection procedures are implemented and operating effectively
Oversee all disbursements, ensuring accuracy, proper approvals, and adherence to company policies
Monitor the disbursements process to ensure timely payments while maintaining positive vendor relationships
Ensure compliance with IRS, tax reporting, and 1099 requirements
Oversee the Organization’s credit card administration, including issuance, payment processing, and transaction monitoring to ensure compliance with internal policies and promote responsible use of organizational resources
Supervise payroll processing to ensure timely, accurate, and compliant pay for all employees
Coordinate with HR to maintain accurate employee data and benefit deductions
Oversee quarterly and annual payroll tax filings and reporting
Evaluate and implement financial systems and automation tools to enhance efficiency
Identify process gaps and lead continuous improvement initiatives
Develop and analyze key performance indicators (KPIs) for financial operations
Work with accounting leadership in other ad-hoc related projects and analyses as they arise and assist departmental management in the on-going execution of a function charged with providing reasonable assurances
Qualification
Required
Bachelor's degree in accounting, Finance, or related field required
Minimum 8–10 years of progressively responsible accounting or financial operations experience, including 5 years in a leadership role
Strong knowledge of GAAP and financial compliance standards
Demonstrated experience managing AR, AP, billing, collections, and payroll functions
Proficiency with accounting and ERP systems, ideally NetSuite
Computer-savvy with proficiency using MS Office suite products and comfort in learning various in-house programs
Preferred
CPA, MBA, or equivalent preferred
Benefits
Health, Dental & Vision Insurance
10 paid sick days
10-15 paid vacation days
Paid Jewish and Federal holidays
Short Fridays to accommodate for Sabbath observance
Free life and disability insurance
Discounted continuing education opportunities
403(b) retirement plan with a 5% employer match after 3 years (requires a minimum 2% employee contribution)
Company
Orthodox Union
A simple question any company should be able to answer is "Why work for them?" At the Orthodox Union the answer is simple.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Shlomo (Steven) Schwartz
Chief Financial Officer and Chief Administrative Officer
Josh Joseph
Executive Vice President and COO
Company data provided by crunchbase