Director, Finance and Impact Investments

Washington, DC
Jan 24, 2020
Feb 06, 2020
Full Time
Business Unit Description

AARP is a nonprofit, nonpartisan organization, with a membership of nearly 38 million that helps people turn their goals and dreams into 'Real Possibilities' by changing the way America defines aging. With staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, AARP works to strengthen communities and promote the issues that matter most to families such as healthcare security, financial security and personal fulfillment. AARP also advocates for individuals in the marketplace by selecting products and services of high quality and value to carry the AARP name. As a trusted source for news and information, AARP produces the world's largest circulation magazine, AARP The Magazine and AARP Bulletin.

AARP Foundation is AARP's 501 c3 charitable affiliate. We are a public charity with revenue from federal agencies, corporations, foundations and individuals. AARP Foundation's vision is a country free of poverty where no older person feels vulnerable. Staff are located in Washington DC and throughout the US.

Every year, AARP Foundation helps millions of struggling older adults 50 and over win back opportunity by being a force for change on the most serious issues they face each day. Through the Foundation's many groundbreaking and innovative programs and services, we create and advance effective solutions to meet their basic needs for nutritious food, safe and affordable housing, adequate income and much-needed personal connections.


Leads and directs implementation of financial functions for the AARP Foundation (Foundation) which includes a $220 million annual budget and $500M investment portfolio, with a particular emphasis on social impact investing. Manages the annual budget, multi-year financial plan, and quarterly forecasting processes that are part of the consolidated process on behalf of Foundation leadership and AARP Finance. Prepares reports on planning processes and financial results for the Finance Committee of the Board of Directors. Provides strategic direction and counsel to leadership of the AARP Foundation and AARP on financial management matters. Serves as a key contact with AARP Treasury to provide input and oversight. Supports the Foundation Impact Investment Committee and is the primary contact for AARP Foundation's social impact investments portfolio.
  1. Directs the Foundation's annual budget process, multi-year financial plan, and quarterly reforecasting process in collaboration with AARP Finance and the Enterprise. Works closely with the CFO and other Foundation leadership to review inputs, provide problem resolution and solutions, and analyze financial circumstances.

  1. Ensures close collaboration with AARP Accounting Services on all Foundation accounting and coding practices. Act as an authoritative source on questions regarding coding and the general ledger to a wide set of Foundation audiences. Conducts trainings, when appropriate.

  1. Prepares reports, commentary, and analysis to the Foundation Finance Committee on financial planning outputs and actual results.

  1. Coordinates all financial functions of the Foundation, including accounting, cash management, financial analyses, forecasting and budgeting, accounts receivable, accounts payable, investments, payroll, and other treasury activities.

  1. Manages the execution of the impact investment strategy, including researching potential new impact investments, with an emphasis on achieving impact at scale in support of the Foundation's strategic plan outcome goals. Monitors compliance and oversight of all social impact investments.

  1. Works with AARP Treasury to ensure Foundation investments are managed in accordance with the investment policy and identifies potential new AARP Foundation investments, particularly alternative investments that complement our mission.

  1. Makes suggestions and recommendations for improvements to policy, processes, and procedures that would enhance the management and oversight of the investment portfolios.

  1. Reviews Foundation tax returns and works with independent auditors in support of audit processes.

  1. Exercises strong leadership skills, judgment, and decision-making in advising, leading, and managing of all financial matters and works with leadership to effectively problem-solve and mentor on financial issues.

  1. Reviews outgoing and incoming grant agreements, as well as major contracts, in conjunction with the Office of the General Counsel.

  1. Ensures the establishment and implementation of best-of-class business policies and procedures, monitoring compliance, as well as working with the appropriate department(s) to identify new process improvement opportunities.

12. Focuses on building and maintaining a high-performing team.

Bachelors degree in Accounting, Finance, Business, or a related discipline

10 or more years of relevant finance experience.

MBA preferred

CPA is highly preferred.

Ability to lead and direct a diverse team. Excellent interpersonal and team building skills. Ability to build strong personal relationships throughout the Foundation and AARP's affiliates.

Experience managing a diverse investment portfolio, including endowments, alternatives, program- and mission-related investments, and social impact equity investments

Familiarity with internal control systems and federal grant regulations.

Depth of understanding of non-profits, charitable fundraising, and ability to make sound financial business decisions based on that thorough understanding.

Ability to conceptualize and understand accounting, treasury, and finance issues. Strong analytical skills, combined with strategic planning experience is essential.

Excellent organizational skills. Able to engage in a variety of tasks simultaneously and to consistently meet deadlines. Strong attention to detail.
Benefits Offered

AARP offers competitive benefits with a 401K, 100% company funded pension plan, health, dental, vision and life insurance, STD/LTD, paid vacation and sick, and other benefits.
Equal Employment Opportunity

AARP is an equal opportunity employer committed to hiring a diverse workforce and sustaining an inclusive culture. AARP does not discriminate on the basis of race, ethnicity, religion, sex, color, national origin, age, sexual orientation, gender identity or expression, mental or physical disability, genetic information, veteran status, or on any other basis prohibited by applicable law.