Financial Planning and Analysis Manager


Full-Time Exempt
New York, NY

About Wallace
We are an independent, national philanthropy based in New York City that traces its origins back more than half a century to DeWitt and Lila Acheson Wallace, founders of The Reader’s Digest Association. Our work is grounded in our mission – to foster equity and improvements in learning and enrichment for young people and in the arts for everyone – which describes what we do, and our core values, which guide how we work together.

Our Core Values
At Wallace, we strive to do excellent work in service to and with others. Together, we aspire to create an engaging and inclusive work environment based on mutual trust and respect, and driven by equity, diversity, transparency, collaboration, and continuous learning.

The Wallace Foundation is an Equal Opportunity Employer, committed to maintaining a diverse workplace where differing perspectives are a source of strength.

Position Summary
The financial planning and analysis manager will leverage a strong accounting and analysis knowledge base to play a lead role in the foundation’s annual operating budget activities and comprehensive financial and analytical reporting, and provide accurate and timely analysis to support the team’s audit and tax responsibilities. The position is a key member of the Finance and Operations team and reports to the chief financial officer.

Key Responsibilities
Financial Analysis and Reporting

  • Lead the development of the annual operating budget for review and approval by the Board of Directors. Monitor actual spending against the budget, prepare monthly financial reports and analyses, including year-end-estimate with variance analysis and commentary.
  • Develop budget templates to be used by grantees when submitting proposal. Train internal program staff on the use of the templates and provide technical assistance to grantees as needed. Review and prepare cross-grantee analyses to be used in determining funding levels and in board presentations. Review and analyze grantee budget variance reports.

General Accounting

  • Manage cash flow planning including collaborating with grants administration, program directors and staff to assess cash needs and preparation of cash requirements reports to inform investment redemption decisions. Closely monitor and forecast the foundation’s qualifying distributions to ensure compliance with IRS regulations for private foundations.
  • Contribute to the maintenance of an accurate and up-to-date general ledger, specifically: book month-end journal entries including accruals, receivables, and pre-paid expenses; prepare monthly account reconciliations; and review trial balances. Examples of account reconciliations include the Great Plains accounting system with the grants management database, and for individual and aggregate employee benefits costs, Great Plains and off-line trackers.
  • Facilitate the monthly close process by coordinating deliverables and preparing financial statements and supporting work papers. Research and prepare variance/trend analyses of financial results compared to prior year and month.

Audit and Tax

  • Prepare non-investment components of the foundation’s 990PF tax return, including preparation of accrual and cash basis schedules and statements.
  • Contribute to the preparation of audited financial statements including development of various statements, grant present value schedules, footnotes, and supporting work papers. Brief auditors throughout the process on statement/schedule development and methodologies, especially those requiring estimates and allocations.
  • Contribute to the ongoing enhancement of the foundation’s internal controls and accounting procedures and policies.

Knowledge, Skills, and Abilities

  • Significant prior experience in budget preparation and financial reporting and analysis.
  • Advanced level of proficiency: quantitative and analytical skills; working in Excel including macros, pivot tables, charts, and VLOOKUP’s.
  • Strong working knowledge and experience with Great Plains accounting system and reporting tools, or with a comparable accounting system.
  • Excellent project management and problem-solving skills, keen attention to detail
  • Strong interpersonal skills and the capacity to work productively and collaboratively in a team structure.
  • Consistently demonstrated clear and concise written and verbal communication skills.
  • Commitment to accountability and transparency.
  • Undergraduate degree in Accounting or Finance required; CPA preferred.

Compensation and Benefits
The current salary range for this position is $117,720 to $130,800.

A snapshot of our generous benefits package includes a choice of health insurance plans and a healthcare reimbursement account, 403(b) retirement plan with 15% employer contribution upon eligibility, and a community service matching gifts program recognizing employee volunteer hours with a financial contribution to a qualifying non-profit organization.


All Wallace employees are required to be fully vaccinated by completing their primary series of vaccine doses. We are currently in a hybrid working arrangement and our regular in-person weekly schedule is Tuesday through Thursday.

The Wallace Foundation has retained the services of Creative Financial Solutions to conduct this search. Inquiries, nominations, and applications may be directed in confidence to:
Johanna Rodriguez
Managing Branch Director, Business Development

Please put “Wallace Foundation” in the subject line of your emailed application