This management position serves as a member of the Senior Leadership Team and is responsible for directing the fiscal functions of the association in accordance with generally accepted accounting principles mandated by the Financial Accounting Standards Board, the Internal Revenue Service, and other regulatory and advisory organizations and in accordance with best practice financial management techniques. This position oversees the Financial Services unit and leads and directs the association’s investment management functions. Acts as the liaison to the Executive Team to strengthen ASCD’s fiscal position. Continually evaluate K-12 best industry practices and prepares findings, recommendations, and solutions for future needs and budget realities.
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES
- Monitor and maintain the overall financial management, review, and approval of monthly, quarterly, and annual financial reporting materials and metrics for the Executive Team, Board of Directors, Senior Leadership, and staff.
- Oversee budgeting, financial forecasting, cash flow, and coordination of audits, accounts payable, and receivable activities.
- Reconcile financial activities and capture key data and processes to demonstrate the financial relationship between ASCD’s goals and needs.
- Responsible for the management necessary to identify, evaluate, mitigate, and monitor ASCD’s financial risk.
- Establish financial operating strategies, goals, objectives, and policies by evaluating trends; establishing critical measurements; develop systems; resolve problems; and implement changes.
- Provide strategic financial input and leadership on key decisions affecting the association.
- Optimize banking and deposit relationships and initiate appropriate strategies to enhance cash position.
- Monitor financial performance by measuring and analyzing results; initiating corrective actions to minimize the impact of variances.
- Develop and maintain credibility for financial services operations by providing timely and accurate analysis of budgets, financial reports, and financial trends in order to assist the Executive Director, the Board of Directors, and other senior executives in performing their responsibilities.
- Gather business performance data, analyze and compare it to previous periods, and develop recommendations for improvements in revenue growth or resource allocation.
- Establish and maintain relationships with important external vendors, including financial institutions, investment managers, insurance brokers, consultants, major partners, and subcontractors.
- Develop strategies and due diligence for managing and maximizing returns on the portfolio of investments, including identifying investment opportunities and meeting with fund managers, preparing and reporting on the analysis of investments and investment strategies.
- Identify opportunities for improvement; i.e. cost reduction, systems enhancement, etc.
- Negotiate and execute insurance and indemnity contracts.
- Develop proper risk management tools and practices to analyze and report on risks and to manage risks according to a risk management framework and relevant policies.
- Ensure ASCD’s financial risk management policies, limits, and strategies are in compliance with applicable regulations, rating agency standards, and strategic imperatives of the organizations.
- Present financial results and data to Finance and Audit Committees, Board of Directors, and staff.
- Manages staff and budget; provides a climate for motivation and innovation; supports positive working relationships with direct reports; establishes effective teamwork and collaboration practices; openly supports the organization’s direction, strategy, and employee programs; and is accountable for adhering to and upholding all applicable employment laws and the association’s operating protocols.
- High-level knowledge of the pre-K–12 market.
- An MBA or other advanced degree in finance, business management, accounting, or economics is preferred.
- Professional certification (CPA) is preferred.
- Chartered Global Management Accountant (CGMA) certification is preferred.
- In-depth knowledge of financial and investment management.
- Broad knowledge of the strategic framework, program management, business process improvement, financial analysis, and forecasting.
- In-depth understanding of strategic and integrated risk management theories and methodologies.
Skills and Abilities
- Demonstrated experience in financial management and accounting.
- Experience with audit, legal compliance, and budget development.
- Strong quantitative and qualitative risk management skills.
- Ability to resolve disputes and observe confidentiality.
- Strong business acumen skills and the ability to understand and accurately interpret the work of the association.
- Ability to maintain positive interactions with internal and external contacts.
- Demonstrated ability to work in partnership at the Board level and with C-Level executives, business and community leaders.
- Ability to take charge; build consensus; motivate others and effect change; impart credibility, trust, enthusiasm, integrity, and ethics.
- Focus on efficiency, effectiveness, with demonstrable results.
- Ability to think both tactically and strategically to develop and improve operational systems and organizational performance.
- An effective, articulate, and persuasive communicator with excellent interpersonal skills and a hands-on management style.
- Ability to build and lead cross-functional and self-directed teams.
- Ability to refine processes and adapt to changing environments.
- Ability to direct and manage organization-wide projects.
- Flexibility to adapt quickly to changing situations and ability to handle multiple priorities and meet tight timelines.
- Excellent professional writing, editing, and speaking skills.
Critical Leadership Attributes
- Must be able to create value for the organization.
- Possesses the ability to make meaning by keeping others well-informed on the big issues.
- Can hire and cultivate talent who are strong contributors to the organization.
- Applies learning by seeking new learning from a variety of disciplines and addressing obstacles immediately and directly.
- Recognizes the importance of acting together by encouraging imagination and creating opportunities for others to step up and contribute.
- Executes accountably by creating clear plans to achieve goals and monitoring costs, progress, and results.
- Continuously reinvent by demonstrating the ability to change.
- Lead self by setting a personal example of authenticity and inspiring others to want to follow his or her lead.
- Eight or more years' experience in a leadership role with broad decision-making authority and budgetary responsibility.
- Six or more years’ supervisory experience is required.
- Six or more years’ relevant investment management experience.
- Proven experience using analytics and performance metrics to drive work unit performance.
- Minimum 3 years experience in the K-12 education market, desired.
- Experience working effectively in a matrix structure to align support resources.
- Experience with industry-standard risk management systems.
- Experience with accounting and association management software.
- Experience in both for-profit and nonprofit environments is desirable.
- Normal demands associated with a deadline-driven office environment.
- The noise level is generally quiet to moderate.
- Daily contact with external customers, vendors, colleagues, associates, supervisors, or staff at all levels of the organization.
- Ability to remain at a desk for extended periods of time.
- Ability to communicate and exchange information with others.
- Ability to move about to coordinate work in areas of varying heights.
- Ability to perceive and inspect records in a document management system.
- Ability to travel to off-site meetings up to 10%.
- Ability to lift, carry, move, or position objects weighing up to 10 pounds.
This position description summarizes the main duties of the job. It neither prescribes nor restricts the exact tasks that may be assigned to carry out these duties. This document should not be construed in any way to represent a contract of employment. Management reserves the right to review and revise this document at any time.