The Chief Financial Officer (CFO) is the senior financial professional responsible for the fiscal health of the association. Reporting to the CEO, the CFO serves as the senior business advisor to the CEO and department managers, directs and oversees all accounting and finance activities, and presents reports to volunteer committee leaders and the Board of Directors. 

Duties and responsibilities:

Ensures the association maintains an effective system of financial controls and policies.

Leads the Finance Department, ensuring the team has the necessary skills, policies, procedures, and technology to effectively perform all accounting and finance functions.

Collaborates with department managers to develop strategies and plans and analyze and report department and program performance.

Develops annual budgets and three-year financial forecasts and revisions for the parent corporation and its subsidiaries and presents them to the finance committee and the Board of Directors for approval.

Develops, presents, and defends business cases justifying new programs, products, and services; analyzes performance of investment programs, advises management on corrective actions, and reports to the finance committee and the Board of Directors.

Produces unaudited financial reports for the corporation and its subsidiaries monthly; analyzes and reviews subsidiary, department, and program performance with department managers and advises on corrective actions; and presents financial reports to the finance committee and Board of Directors.

Oversees the annual independent audit; ensures records are provided to the auditor in a timely manner; investigates audit findings and recommendations and prepares the company’s response and action plan, if any; and supports audit committee oversight activities.

Manages cash flow to support ongoing operations, including establishing and utilizing credit when appropriate, and manages the association’s banking relations.

Oversees the association’s investment funds and works with the investment banker to ensure financial assets are effectively managed in accordance with association policy.

Manages the association’s risk management program.

Ensures compliance with all domestic and international financial laws and regulations, including but not limited to tax and reporting requirements (e.g., IRS 990, employment taxes, state sales taxes).