About Digital Promise Digital Promise is an independent, bipartisan 501(c)(3) nonprofit organization authorized by Congress to spur innovation in education for all levels of learners. Positioned at the intersection of educators, entrepreneurs, and researchers, Digital Promise identifies, develops, and promotes strategies to improve all levels of education and provide Americans with the knowledge and skills needed to compete in the global economy. Digital Promise is a fast-paced, growing, entrepreneurial organization that values and rewards performance, collaboration, and innovation.
About the Position The comptroller will play an important role in supporting Digital Promise’s mission to spur innovation in education for all learners. Over the last four years Digital Promise has experienced explosive growth with over five-fold increases in our revenue, our operating budget and our staff. Revenue streams have become more complex and diverse with significant income from private foundation grants, corporate partners, exchange contracts as well as significant in-kind contributions. Federal funds are expected to become part of the revenue mix in the second half of 2017.
Digital Promise is seeking an experienced Comptroller to lead the management of the organization’s financial functions and to set the organization up for success as it embarks on its next phase of growth.
The Comptroller will manage the day-to-day accounting activities of the organization and be responsible for adherence to accounting principles as well as organization policies and procedures. He/she must be familiar with GAAP for grants, exchange contracts and government grants and contract. Sound judgment to evaluate financial processes and make recommendations is a must. The candidate must be highly collaborative and comfortable working in a fast-paced, high growth environment.
Oversee all accounts, ledgers, and reporting systems ensuring compliance with appropriate GAAP standards and regulatory requirements
Prepare, analyze, report and distribute financial information and supporting schedules in an accurate and timely manner; clearly communicate monthly, quarterly and annual financial statements; monitor progress and changes to keep senior leadership abreast of Digital Promise’s financial status
Maintain General Ledger and perform all month-end close activities, including sub-ledger postings, journal entries, GL account and bank account reconciliations
Maintain internal control and safeguards for costs, program budgets and actual expenditures
Develop and implement a detailed revenue recognition policy in compliance with new GAAP standards
Assist in the annual budgeting, planning and quarterly forecasting processes
Perform bi-monthly payroll processing
Manage the preparation and process of the annual audit
Prepare monthly reports measuring performance against operating goals and objectives.
Assist with analysis of actual to budget operating results.
Maintain cash forecast and analysis of cash requirements.
Support presentations to the board and its committees.
Supervise accounting staff.
Identify opportunities to improve internal processes.
Provide assistance to COO as it relates to financial operations
10+ years of work experience
BA/BS in accounting (or equivalent experience) with minimum 5 years of experience including general ledger and financial statement responsibility.
CPA strongly preferred
Knowledge of, and experience with, GAAP for grants, exchange contracts and federal grants and contracts
Ability to work independently in a fast-paced environment and manage competing tasks, deadlines, requirements, and decisions.
Strong interpersonal and communication skills.
A passion for education, a team mentality, creativity, and a positive “can-do” “yes-and” spirit.
To Apply Please apply and submit your resume, cover letter and salary requirements. Applicants are encouraged to submit their materials as soon as possible. Review will be on a rolling basis until the search is successful.
Digital Promise is an equal opportunity employer and considers all applications without regard to race, color, religion, creed, gender, national origin, age, disability, marital or veteran status, sexual orientation, or any other legally protected status.
Additional Salary Information: Compensation
Salary and benefits will be commensurate with experience.
Digital Promise was created with the mission to accelerate innovation in education to improve opportunities to learn.
American education has pockets of excellence that outshine the best of the best around the world. All across the country, students are designing, coding, composing, animating, and publishing. They are experimenting and solving problems of water and energy, creating community gui...des and gardens, and connecting across cultural and national borders through virtual exchanges. All across the country, innovative education leaders and classroom teachers are engaging, motivating, and nurturing students to develop mindsets for lifelong learning.
And yet, huge gaps exist between learning outcomes, graduation rates, and college readiness of students based on race, class, and where they live. Gaps exist between high-performing and under-performing schools based on differences in access to funding and resources, community commitment, and the willingness of school leaders to innovate. Gaps exist between the abilities of adults to be productive in a rapidly changing global economy and good citizens in a democracy based on the quality of their experiences in school.
Our vision is that all people at every stage of their lives have access to learning experiences that help them acquire the knowledge and skills they need to thrive and continuously learn in an ever-changing world.
To achieve this vision, we must work together to close the Digital Learning Gap. Because when all learners have equitable access to learning technology, when everyone participates, and when everyone learns, we all benefit from a more engaged, informed and just society.