Chief Financial Officer
Reports to: President & CEO
Location: Washington D.C. or Skokie, IL
The CFO ensures that there are sound short-term and longer-term financial plans to support the overall strategic plan of NRMCA and PCA Organizations. The CFO analyzes the effectiveness of accounting systems and procedures and effects process and internal control improvements to maximize and protect The NRMCA and PCA Organization’s resources. To accomplish this, the CFO develops policies, guidelines, and procedures for effective financial and risk management; directs the financial, accounting, purchasing and contract management activities of the NRMCA and PC Organizations, which include cash management, investment policy, systems integrity, risk management, and compliance with all accounting, legal and tax regulations to ensure pertinent, accurate, clear, and timely financial data. This position requires special emphasis on 501 (c)(6) IRS regulations as important for The NRMCA and PCA Organization’s compliance.
The CFO provides financial records, statements, and reports to staff to promote open-book financial management and to communicate financial results leading to an unqualified audit opinion and explanatory annual report presentation. The CFO assists the Presidents, Board Financial Management Committees and Board Audit Committees of each of the NRMCA and PCA Organizations in its review and analysis of financial matters. Additionally, the CFO coaches and mentors the Accounting Team and Membership Team, and others for maximum professional development.
Strategic Planning and Budgeting
- Share in accountability for the success ofthe NRMCA and PCA Organizations.
- Assist in the development of the strategic plan and the associated financial plans and budgets.
- Present financial plans and budgets to the Board of Directors.
- Identify, address and resolve issues related to the effectiveness of internal controls.
- Evaluate operating risks and determine the appropriate management of those risks.
- Develop financial management policies and guidelines to ensure the protection of assets.Policies include, but are not limited to, investments, travel, purchasing and overall internal controls.
- Seek and utilize input from the finance team and other Associates to effect participatory management in the development of policies.
Financial Management and Accounting Systems
- Direct the financial function so that management is provided with information necessary for decision-making and planning.Provides leadership to financial management and pension management personnel.
- Serve as consultant to staff on technical and business issues.
- Ensure that all financial transactions are accounted for in accordance with generally accepted accounting principles.
- Monitor financial position using various analysis techniques, including key indicator tracking, modeling, forecasting, etc. and manages the accounting function to produce pertinent, accurate, clear, and timely financial data.
- Develop and oversee all cash management strategies.
- Analyze and coordinate long-term investment strategy.
- Handle all banking relationships.
- Ensure that a reliable automated financial system is in place.
- Ensure full integration of data with all financial systems throughout the organization.
- Maintain compliance with all federal, state, local and private reporting requirements, including federal and state information tax returns, federal and state payroll tax returns, sales and property tax returns and other returns pertaining to charitable organizations and solicitations.
- Ensure compliance with Department of Labor guidelines.
Communication of Financial Results
- Carries out an open-book style of financial management by sharing and training others on basic and technical accounting issues.
- Present financial updates weekly at Managementmeetings.
- Prepare orientations for the NRMCA and PCA Organizations new employees and Board of Director members.
- Survey the organization for needs in the accounting area and the level of satisfaction with the partnership with the other departments.
- Ensure that an annual audit is performed on the financial statements of all entities by a reputable audit firm selected by the Board of Directors.
- Obtain an unqualified audit opinion to confirm that financial statements were maintained in accordance with generally accepted accounting principles.
- Prepare explanatory pages of the financial results to be presented to the public in the organizations’ annual report.
Liaison with President and Board of Directors in Financial Data and Results
Business Unit Development
- Work closely with the Presidents and Boards of Directors to provide information needed to aid the Board’s review and analysis of The NRMCA and PCA Organization’s financial health.
- Maintain positive working relations and is the staff liaison with Board Financial Management Committee and Audit Committee.
- Ensure compliance with the Board’s Governance Policies related to financial matters.
- Prepare reports on financial results.
- Perform special analyses and/or presents information at Board meetings.
- Work with auditors, investment managers, actuaries, bankers, and other professionals deemed appropriate by the Board.
- Schedule, coordinate and plan meetings.Record meeting results.
- Participate in learning opportunities to enhance individual, team, and organizational performance.
- Share learnings with others to incorporate some aspect of the learning into the improvement of the work flow or the overall workplace.
- Demonstrate high standards of ethical conduct.
- Coach, mentor, and train all Associates on accounting matters.
- Arrange opportunities for team members to cross-train and attend other trainings as needed.
- Jointly set and monitor performance and learning goals of finance team members to ensure maximum development.
Organizational Risk Management
Purchasing and Contract Management Operations
- Support the Presidents and legal teams to ensure identification and mitigation of risks to the NRMCA and PCA Organizations in the broad areas of environmental, process, and information risks.
- Utilize risk management experts, as needed, to assess organizational risks and lead solution design.
- Maintain the purchasing process, including reviewing contracts and meeting with vendors.
- Establish internal controls around The NRMCA and PCA Organization’s purchasing system, contract issuance, intellectual property rights, and document management.
- Monitor customer satisfaction withvendors.
- MBA/Master’s degree in accounting, finance, or business administration.
- CPA with prior public accounting experience strongly preferred.
- 10-15+ years of progressively responsible finance, accounting, contracts management, and team management work experience, preferably in a union accounting environment (prior experience as a Controller/CFO strongly preferred).
- 10+ years experience senior management and executive management selecting and overseeing software installations and managing relationships with software vendors.
- 5+ years strong expertise in MS Excel for accounting.
- Advance proficiency in MS Office applications (Word, Excel, Powerpoint, and Outlook).
- Advanced proficiency with finance software.
- Ability to work with senior leadership and executive teams to work through complex financial and operational scenarios.
- Ability and desire to translate complex financial concepts to individuals at all levels including finance and non-finance managers.
- Ability to effectively lead an organization an identify and implement improvements.
- Ability to make effective and persuasive speeches and presentation on controversial or complex topics to the Board, outside investors, and other external organizations.
- Able to perform in a team-oriented environment.
- Strong organizational skills and the ability to prioritize.
Interested candidates please submit resume and cover letter by emailing firstname.lastname@example.org