Director of Accounting and Finance

The Director of Accounting and Finance is responsible for directing the over $2.7 billion financial operations for 22 Funds and other Legal Entities with a total of 29 reporting units having distinct governance bodies approving their budgets and projections. Additionally, the Director of Finance is responsible among other things for the organization’s financial policies and overseeing all financial functions including accounting, reporting, cash management and projections, external audits, all tax filings (IRS, DOL, state and local) and all Department of Labor filings as Plan Sponsor for each of the Taft Hartley funds.

Reports to: Chief Financial Officer (CFO)
Direct and Indirect Reports: Approximately 25 staff members
Annual Operating Budget: Approximately $350 Million

RESPONSIBILITIES:

• Responsible for the day-to-day management of the financial and treasury operations across 22 Funds, regions and 501c3 organizations in a fashion that provides accountability and cost-effective management, while ensuring accurate cash forecasting for the organizations.
• Ensure the Funds, regions and 501c3 organizations follow all regulations and adhering to all applicable laws and regulations for the proper segregation of funds; leading timely preparation of external audits, financial statements, financial budgets and forecasts in accordance with GAAP, and reviewing, approving authorized signing returns, and external filings such as IRS 990 Forms and 5500 returns.
• Project short and long-term cash needs accurately for each of the 22 organizations. Improve expenditure control and identify opportunities for cash savings, by performing financial analysis on all key expense categories and by comparing expenses and ratios to external benchmarks; partner with CFO, gain consensus from the Senior Leadership Team for changes required to achieve savings and then work with cross-functionally in developing and implementing actions.
• Prepare financial reports and documents for quarterly meetings of the investment and finance committees and Boards of Trustees; ensure accurate projections, cash flow budgets, forecasts and make recommendations based on actuarial, financial, and accounting analyses in the preparation of strategic plans, accountable for monitoring the balance sheets and revenue and expense controls for the Funds and developing accurate variance reporting.
• Liaison for governance committees of the Boards of Trustees, anticipating and ensuring timely coordination of agendas, minutes, reports and documents needed; preparing documentation to ensure accuracy before materials are sent to the Chief Financial Officer (CFO) and committee chairs.
• Ensure compliance with policies and procedures and sound internal controls for the proper safeguarding of assets and ensuring accuracy by thoroughly reviewing supporting documentation; ensure adequate controls and efficient processes over revenue transaction cycles and all balance sheet accounts that comprise cash collections and disbursements.
• Manage and hire direct reports; make staff selections and employment decisions in accordance with established departmental procedures, Human Resources guidelines and provisions of the Collective Bargaining Agreement Ensure staff is trained and developed to meet the goals and needs of the Finance Division, establish a collaborative team environment, prepare performance evaluations for direct reports; monitor and evaluate achievement of performance standards, identify strengths, areas for development; create improvement plans, coach and counsel as appropriate.
• Advance the quality, timeliness, strategic and tactical value of financial information framed in a way that provides context and analytical support to decision makers, by working with other Finance Directors, CFO, and Senior Management developing and implementing a balanced scorecard presenting trends of key leading indicators for high level management review that reflects performance and progress towards the strategic plan’s milestones.
  
  Ø Ensures adequate and timely accounting, analytics and controls over grants, investments, etc.
  
  Ø Develops and implementing the proper policies and procedures over grants to ensure grants are not under or over spent and alerting management on a timely basis when trends deviate from budgets.
  
  Ø Ensures that adequate controls are in place to safeguard investments and that the accounting for investments is timely and accurate, have a full understanding of trends and projections for the purpose of projecting and scenario planning for both short and long-term cash flow needs for the purpose of meeting pension obligations and operating costs associated with the pension funds and diversions needed in support of other funds.

QUALIFICATIONS:

• Bachelor’s Degree in Finance, Accounting or relevant years of experience required; plus
• Minimum eight (8) years senior treasury and financial management experience which should include Big 4 CPA firm experience complemented by treasury, finance, controller, reporting and analysis, planning, accounting and management skills in a complex not-for-profit with significant scale required.
• Current CPA certification, MBA or other advance degree preferred.
• Must have six (6) years supervisory experience of exempt and non-exempt personnel required.
• Experience in the selection, implementation, and/or conversion of sophisticated financial systems for non-profit organizations, particularly with financial systems such as Oracle, Viatech-3, and in developing billing and collections systems and processes for efficiencies and knowledgeable in various modules (accounts payable, accounts receivable) and reporting and budgeting software such as Hyperion.

Knowledge of:

Ø Financial Planning and Reporting systems used in complex not for profit environments.

Ø Systems implementation in AR, bank reconciliation, financial reporting systems.

Ø GAAP: external reporting with knowledge of IRS, DOL and other governmental requirements as they relate to Taft Hartley and not-for-profit organizations.