Senior Manager, Finance & Compliance

Compensation: CA, WA D.C., NY, MD VA, NJ Minimum $129,200 – Maximum $161,500 per year

All other states: Minimum $109,800 per year – Maximum $137,300 per year

The exact compensation may vary based upon skills, experience & location

At SEMI, we offer opportunities to connect and interact with world leaders, industry legends, and rising stars. We help our members develop public and private policies to strengthen global supply chains and promote business growth and prosperity. We invite you to learn and grow professionally through working on powerful programs, and to contribute by influencing and impacting an industry that enables virtually all technologies, including those that make our world healthier, safer, and more connected. We take pride in offering work-life balance so you can live your personal and professional life to the fullest. 

THE ROLE:

The SEMI Foundation is seeking an experienced and mission driven Senior Manager, Finance and Compliance with excellent financial, organizational and communications skills. This position will work closely with the Foundation’s Executive Director, Program Staff, and the Grant Compliance Team. Activities include federal, state, and internal financial reporting, complex data analysis reconciliations of fund sources, as well as ongoing systems maintenance, updates, and improvements. This position also provides budgeting, forecasting, financial analysis, and support to various teams across the organization to ensure programs are being delivered in accordance with federal regulations and contractual requirements. Additional assignments may include grant budget analysis and application preparation, grant compliance and oversight. 

This is a full-time position which reports to the Executive Director, SEMI Foundation. This position will manage a small team of contract, compliance, and admin staff.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Develops future year budgets by working with Foundation leaders, program managers, and SEMI Finance and Accounting staff. Develops assigned department and program budget and financial plans. Perform complex financial analysis with an understanding of 501c3 non-profit revenues and expenses. Analyze feasibility of various funding plans.
• Takes initiative to identify budget related problems and issues; develops options for the resolution of the problems and options to prevent re-occurrence of problems; reviews and recommends budget revisions; alerts leaders and program managers of budget concerns; develops and reviews options for using different fund sources; works with program managers to bring budgets into compliance with SEMI policies and procedures, state and federal law. Analyze and verify cost allocations (direct and indirect) to ensure accurate financial reporting.
• Monitor and analyze program performance against budget, identifying risks and opportunities with regard to revenue, expenditures and other financial issues and prepare monthly management briefs. Provide trend and forecast analysis of resources to support managerial decision makers. Maintain and improve tools for accurate financial forecast projections and business planning exercises. Identify emerging issues and make recommendations on corrective action.
• Provide financial management of multiple federal, state and local funding sources. Monitor grant spending to ensure alignment with budgeted resources, regulatory compliance and funder guidelines. Assists Foundation staff to keep their financial activities in compliance with State and Federal requirements, SEMI policies and guidelines, negotiated contracts, and grant and other fund source requirements both in developing and revising budgets.
• Prepares recommended budgets and performs special projects such as preparation of financial information guides and ongoing financial reports for dissemination to the board and stakeholders. Provide data support related to internal and external auditors.
• Develops, analyzes, researches, and interprets various types of data, including financial, staffing, and enrollment information, market, and regulations; reviews proposed program changes to assess financial impact on the Foundation; provides advice and guidance to program managers and Foundation leaders by responding to inquiries and questions related to budget.
• ·rains and assists program managers, and other departmental staff to read and interpret budget/financial reports, uses finance related technologies and tools provided by SEMI, manages within budget constraints and funding requirements, to understand budget development and other financial processes. 
• Identify opportunities for improving financial systems, tools, and processes to increase efficiency and control. Develops and recommends changes in Foundation funding and staffing policies and procedures.
• Demonstrated ability to navigate complex, decentralized organizational structures, balancing multiple priorities and engaging cross-functional teams to drive alignment and execution. 
• Support the pre-award application and post-award processes of grants.

MINIMUM QUALIFICATIONS:

• Bachelor's degree in financial management, public administration or a closely related field, or equivalent combination of education, training, and work experience.
• Five years of experience in grant financial & compliance management/budget/financial/policy analysis or related work.
• Demonstrated expert level skills in financial analysis and reporting using budgeting software and spreadsheets (Microsoft Excel).
• Proficiency in using general office software applications including Microsoft Excel, Word PowerPoint.
• Tech-savvy, familiar with financial systems and willingness to learn new software.
• Experience developing policies and procedures.
• Strong communication skills, with the ability to work cross-functionally and build relationships across departments, use oral and written communications addressed to a variety of audiences; Developing technical presentations.

PREFERRED QUALIFICATIONS: 

• Previous experience working with nonprofit and grant funded programs and single audit. 
• Working knowledge of 2 CFR 200 and federal funding regulations
• Familiarity with the microelectronics/semiconductor industry

WHAT SUCCESS LOOKS LIKE:

• Regular fiscal updates provided to SEMI Foundation Executive Director and Program Managers.
• Continued compliance with grants/restricted funds as Foundation experiences growth
• Financial resources are used efficiently and create maximum impact

ABOUT US

THE SEMI FOUNDATION
The SEMI Foundation is a 501(c)(3) nonprofit charitable organization founded in 2001 to support economic opportunity for workers and the sustained growth of the microelectronics industry. We accomplish this through creating pathways and opportunities for job seekers, and tools and systems for semiconductor companies to attract, develop, and retain a diverse, innovative, and skilled workforce. Visit us at semifoundation.org. SEMI is our parent company.

SEMI connects more than 3,000 member companies and more than a quarter-million professionals worldwide to advance the science and business of electronics manufacturing. SEMI members are responsible for the innovations in materials, design, equipment, software, and services that enable smarter, faster, more powerful, and more affordable electronic products. Since 1970, SEMI has built connections that have helped its members grow, create new markets, and address common industry challenges together. SEMI maintains offices in Bangalore, Berlin, Brussels, Grenoble, Hsinchu, Milpitas, Seoul, Shanghai, Singapore, Tokyo, and Washington, D.C. For more information about a career at SEMI, please visit us at SEMI.org.