Budget Director at Detroit Employment Solutions Corporation

Detroit, Michigan, United States -

Full Time

Start Date

Immediate

Expiry Date

24 Mar, 26

Salary

0.0

Posted On

24 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Budget Development, Financial Management, Compliance, Reporting, Strategic Planning, Risk Management, Leadership, Financial Controls, Variance Analysis, Grant Compliance, Accounting Software, Financial Reporting, Audit Readiness, Procurement Management, Cross-Department Collaboration, Stakeholder Engagement

Industry

Staffing and Recruiting

Description

Description 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 Strategic Alignment Mission Impact: Ensures resources are allocated effectively to advance the organization’s mission and long-term goals. Governance Compliance: Supports adherence to federal, state, and grant regulations, minimizing financial risk. Transparency: Provides clear, accurate financial reporting to leadership and the Boards. Key Responsibilities 1. Budget Development & Oversight 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. 2. Compliance & Reporting Ensure compliance with all funding regulations. Deliver timely, accurate reports to funders, auditors, and regulatory bodies, and boards. 3. Strategic Financial Planning 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. 4. Internal Controls & Risk Management Maintain robust financial controls. Oversee audit readiness and policy compliance. 5. Leadership Supervise finance staff and foster cross-department collaboration. Select Duties 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. Sample Performance Measures Budget Accuracy: Variance between projected and actual expenditures within acceptable thresholds. Compliance: Zero major audit findings; timely reporting to funders. Strategic Impact: Contribution to cost-saving initiatives and revenue diversification. Stakeholder Satisfaction: Positive feedback from leadership and program teams. Team Development: Effective supervision and staff growth. Qualifications Bachelor’s degree in Finance, Accounting, or related field (Master’s preferred). CPA or other certification preferred. 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 Strong digital skills; prior experience building and/or leveraging accounting software and other technology for tracking and reporting strongly preferred.

Responsibilities

The Budget Director will manage all budgeting processes and ensure compliance with funding regulations while providing strategic financial planning support. This role includes overseeing budget development, compliance reporting, and maintaining internal controls.