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Job Summary: The Chief Financial Officer (CFO) will oversee and manage the finance department and personnel.  CFO will develop and implement Finseca’s fiscal affairs, providing financial analysis and planning, investment management, budget control, forecasting, accounting methods, and profit and loss reporting.  In addition, review and analyze all financial and budget reports and make recommendations to the Chief Executive Officer on fiscal changes and improvements.

The CFO will be a member of the association’s leadership team and expected to travel to industry events and association governance meetings as recommended by the CEO.  Finally, the CFO will be expected to understand the financial security profession in order to be able to provide input and guidance to the membership, member programming, and sales teams regarding value proposition and pricing models for current and proposed new areas. 

Essential Functions:

• Demonstrate Finseca’s values: servant leadership, results-focused, and elevate and innovate.
• Participate in the development, implementation, and ongoing evaluation of the Finseca strategic plan.
• Provide industry trends/resources to the CEO to offer innovative alternatives or additions to financial compensation structures for employees.
• Provide financial ROI analysis, including accurate team allocations, on individual program/projects, communities, and/or department contributions to offer recommendations for organization direction.
• Devise strategies and implement proven processes that accelerate other departments and programs to ensure the growth of Finseca membership.
• Consistently analyze financial data and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements; monitor progress and changes and keep senior leadership abreast of financial trends and identify critical issues.
• Provide CEO and senior leadership with forecasting and analysis of key programs and activities.
• Work with external auditors to prepare and review audit schedules and annual reports of audit findings.
• Work with external tax accountants to prepare and review the organization’s annual tax filing.
• Oversee the process for identifying and evaluating opportunities for improved financial operations, recordkeeping, and reporting.
• Monitor investment and cash management accounts and work to maximize return on our investments and resources while operating within association policies.
• Review and approve insurance coverage for the organization.
• Monitor all contract activity and provide advice and counsel for contracts that are deemed risky or disadvantageous for the organization.
• Responsible for the finance team’s maintenance of financial records and recordkeeping systems to ensure compliance with all regulations, generally accepted accounting practices, and contractual requirements.
• Serve as lead team liaison to the financially-related organization committees such as Finance Committee, Audit Committee, and others as directed by the CEO.
• Provides essential financial reporting to the Treasurer, Board of Directors, Finance Committee, and Audit Committee.
• Attend organization governance meetings to present financial reports and participate in strategic debates and discussions.
• Manage finance department personnel to include hiring, training, a delegation of duties, and performance management.

Duties and Responsibilities:

• Through a holistic understanding of the financial security profession, provide strategic input and analysis of the organization’s programs and activities for Finseca’s financial viability and future success.
• Oversee the development and ongoing management of the annual budget, including projections, coding, reallocation, and adjustments.
• Review monthly cash flow analysis based on anticipated revenues and expenses.
• Work every month with the Treasurer and Finance Committee to ensure that the financials are understood and approved by the association’s governing body.
• Manage the staffing resources that support the finance function, including the internal team and outside accountants.
• Develop and oversee compliance with an accounting operational manual that directs all employees.

Skills & Experience

• Certified Public Accountant (CPA) and/or Master of Business Administration (MBA) required.
• High level of integrity, self-motivated, and detail oriented.
• Non-profit expertise.
• Minimum 10-15 years finance experience in a medium to large non-profit entity.
• 10 years in a leadership role.
• Excellent interpersonal skills.
• Excellent verbal and written communication skills.
• Excellent organizational and planning skills.
• Demonstrated analytical and problem-solving ability.
• Previous experience with mergers, acquisitions, or consolidating nonprofit entities is a plus.
• Previous experience with accounting software such as Sage Intacct, bill.com or similar accounting software.

About Finseca

Financial Security Defined When an individual, family, or business is financially secure, they are prepared when life throws unexpected, but inevitable obstacles their way. A strong government safety net contributes importantly to financial security, but alone it is not enough. The start of every worthwhile journey to financial security begins with the end in mind. No plan is perfect, and it will evolve just as everything else in life. The road ahead may seem daunting or intimidating at first, but starting with a few small steps creates financial habits and behaviors that help people gain confidence in building a secure future. Financial security empowers oneself, relieves stress, enhances peace of mind, protects dreams, and provides individuals, families, and businesses with freedom. Mission To advocate for the financial security profession, develop and grow its leaders, and promote the noble and necessary work our members do to provide financial and retirement security for the individuals, families, and businesses they serve. Vision Prosperity lies at the heart of the American Dream. Yet our nation is plagued by financial insecurity, a byproduct of insufficie...nt retirement and insurance planning. We know there is a better way. We serve those who have built careers helping families and businesses prepare for the tomorrows they expect – and for those they don’t foresee. As the voice of the financial security profession, Finseca’s sole focus is on creating an environment that enables people to protect and enhance financial well-being — for themselves, their families, and their businesses. Simply put, financial security for all. Working with our nation’s key policymakers and building upon the experience of our profession’s most influential leaders, we never lose sight of what really matters: protecting the dreams and promoting the prosperity of people around the world. History Finseca brings together the resources and tradition of the former AALU and GAMA International membership organizations. Finseca will unite the profession that serves 90 million American families into a powerful and growing community capable of rising to the challenge of increasing financial security for all.

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