Financial Analyst (WF)

The Wallace Foundation, an independent national philanthropy with assets of over $1.4 billion based in New York City, traces its origins back more than half a century to DeWitt and Lila Acheson Wallace, founders of The Reader’s Digest Association. Ranked by assets, we are among the 50 largest private foundations in the United States.

The Wallace Foundation seeks to improve learning and enrichment for disadvantaged children and foster the vitality of the arts for everyone. Wallace currently has initiatives in seven areas: afterschool, arts education, building audiences for the arts, social and emotional learning, expanded learning, school leadership and summer learning.

For more information about The Wallace Foundation, please visit


We have a team-based structure and seek employees who are both highly skilled in their professions and able to work collaboratively with others. As reflected in our Statement of Core Values, we value behavior that demonstrates a commitment to mutual respect and support, diversity, continuous learning, collaboration, excellence, and accountability.



The Financial Analyst will leverage a strong accounting knowledge base to develop and monitor the Foundation’s annual operating budget, and prepare key financial reports and analyses. The position reports to the Chief Financial Officer (CFO). In addition to the CFO and this position, there are three other positions in the Finance unit: Senior Accountant, Accountant and Assistant Accountant.



  • Working with the CFO and senior management, develop 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, and prepare year-end-estimate including variance analysis.
  • 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.
  • Contribute to the monthly close process by preparing financial statements and supporting work papers. Research and prepare variance/trend analyses of financial results compared to prior year and month.
  • Contribute to the preparation 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 footnotes and supporting work papers.
  • Contribute to the ongoing enhancement of the Foundation’s internal controls and accounting procedures and policies.



  • At least four (4) years’ experience in budget preparation and financial reporting and analysis.
  • Strong quantitative and analytical skill with keen attention to detail.
  • Demonstrated advanced proficient working in Excel including macros, pivot tables, charts and vlookups.
  • Strong working knowledge and experience with Great Plains accounting system and reporting tools, or with a comparable accounting system.
  • Excellent project management skills and ability to multi-task in a fast-paced environment.
  • Strong interpersonal skills and the capacity to work productively and collaboratively in a team structure.
  • Strong communication skills: listening, speaking and writing.
  • Commitment to accountability and transparency.
  • Undergraduate degree in Accounting or Finance required; CPA preferred.

Interested candidates should send their resume with a cover letter to [email protected]  by March 17, 2017. Please note “Financial Analyst” as the subject in your email.


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

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