Chief Financial Officer

Employer
World Council of Credit Unions
Location
Washington, DC
Posted
Nov 26, 2021
Closes
Nov 29, 2021
Ref
227675040
Function
Executive
Hours
Full Time
Job DescriptionABOUT USRepresenting more than 291 million members of 86,000 credit unions in 118 countries, the World Council of Credit Unions (WOCCU) is the global trade association and development implementer for credit unions and other financial cooperatives. WOCCU's international development programs assist credit unions and their associations to promote economic development, providing access to financial services with a focus on digital innovation.We have partnered with JustinBradley to identify our Chief Financial Officer.ABOUT THE POSITIONBased out of its Washington, DC office the Chief Financial Officer is responsible for providing strategic and day to day direction related to the consolidated accounting and finance activities of the World Council of Credit Unions (501c6), WOCCU Services Group (LLC), and the Worldwide Foundation for Credit Unions (501c3) which together make up the "Companies". As a member of the executive leadership team, the CFO will be responsible for the design and achievement of the Companies' long term financial and business objectives. Tactically, the CFO is overall responsible for timely and accurate reporting of financial results, Enterprise Risk Management, and budgeting / financial modeling.The key responsibilities include ensuring sound fiscal policies are in place and overseeing all financial planning, accounting, and control systems. The ideal candidate must possess the ability to create, communicate, and maintain solid financial policies and procedures. This individual will be able to work independently and across the organization, as well manage the goals, objectives, and overall development of staff within the finance department. It is imperative that the incumbent be analytical, forward thinking, and can communicate effectively across the organization. The ideal candidate will anticipate future challenges and demonstrate technical expertise.What's Attractive to the Right CFO Candidate?We are financially stable and growing.Managing a broad portfolio of responsibility, you will be critical to our continued growth.You will be joining an effective, committed, high-performing group of colleagues who are well-regarded in the community.Welcomed partnership and collaboration across department leaders.A seat at the table to help shape the organization's future and to support championing and growing credit unions and cooperative finance worldwide.Highlighted Responsibilities: Strategic Financial LeadershipDirect and participate in the Companies' development, implementation, and achievement of strategic financial objectives.Develop short and long-term financial plans, forecasts, and projections to meet the goals and strategies of the Companies.Coach the accounting and finance team to enhance their value as business partner to the Companies.Plan, direct and control the activities of the accounting department, establishing functional objectives to ensure accurate and timely financial data is available to meet the Companies' needs.Ensure that proper accounting systems are designed and implemented to provide accurate records of the Companies' assets, liabilities, and financial transactions to include financial reporting, tax, auditing, project accounting, and budgeting/financial modelling.Responsible for the interaction with the organization's financial regulators and auditors.Continuously monitor trends and developments in the finance and accounting disciplines to capitalize on possible future opportunities and/or identify any issue that is likely to impact negatively on the Companies.Accountable for the establishment and maintenance of good governance practices and procedures and compliance with regulations and legal requirements.Provide liaison support to the Board of Director's Audit and Risk Management Committee as well as any other committee or Board activities as designated by the President/CEO.Coordinate and/or direct special projects as may be assigned by the President/CEO.Corporate Financial ManagementTimely generation of the required management reports and appropriate analysis of financial and accounting issues for the benefit of Executive Management and the Board of Directors.Develop methodology and tools for strategic financial planning, budgeting, capital planning, and cash flow management.Identify key financial performance indicators and report on the progress in meeting these targets. Analyze and report on significant trends and variances.Oversee control programs and procedures which are consistent with established World Council policies.Monitor and manage cash flow for the Companies.Oversee the accounting department and ensures positive and timely client service to internal departments.Donor Project Related AccountingEnsure financial integrity and appropriate compliance of foreign operations and financial accounts and demonstrate a comprehensive understanding of the financial performance of the Companies' foreign business activities and their consolidation into the Companies' financial results.Review the financial components of grant & contract proposal development.Monitor and ensure restricted funding is applied according to donor specified requirements.Oversee the negotiation, preparation, and submission of the Negotiated Indirect Cost Rate with USAID.Oversee preparation of external financial reporting obligations to program donors as required based on the applicable guidelines and requirements of the donor.Provide information to donor key points of contact on financial matters, as requested.ComplianceOversee the preparation of monthly Board and Audit and Risk Management Committee financial and risk reports.Manage the audit process and responsible for finalization of the year-end financial statements.Develop and monitor internal controls system to assure that receipts and disbursements are accounted for according to GAAP and donor requirements.Assist the Audit and Risk Management Committee in the periodic selection of the Companies' external audit firm as well as the annual audit engagement and fee negotiation.Oversee preparation and filing of all tax filings for the Companies.Experience and SkillsA well-qualified candidate will possess the following:Bachelor's degree in Accounting or Finance required.Certified Public Accounting accreditation required.MBA or MS in Finance or accounting preferred.Minimum of ten years recent, relevant financial and accounting experience to include development and maintenance of accounting and financial management systems, preferably within a Corporate Finance Department or a public accounting environment.Five years of management and supervisory experience.Knowledge of nonprofit GAAP and taxation.Familiarity with employee retirement plans and payroll regulations.Experience in working with federal funded contracts.Authorization to work in the US.Fluency in English required. Second language (Spanish) desired.Ability to travel up to 40 days per year; domestic and international.Demonstrated leadership in managing diverse teams and the foresight and ability to delegate accordingly.Outstanding organizational skills and high attention to detail; exceptional project management skills.Demonstrated resourcefulness and skill in setting and managing multiple priorities, proposing new ways of creating efficiencies, and guiding investment in people and systems.Dedication and commitment to the mission of the Companies.Competencies:Strategic- Developing a financial strategy (alternate revenue models, financing mechanisms, etc.) to support the Companies' long-term strategic plan.Collaborative - Consulting with and being a financial business partner and advisor to other departments.Analytical - Synthesizes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data; Designs workflows and procedures.Managing People- Includes staff in planning, decision-making, facilitating and process improvement; Takes responsibility for subordinates' activities; Makes self-available to staff; Provides regular performance feedback; Develops subordinates' skills and encourages growth; Solicits and applies customer feedback (internal and external); Fosters quality focus in others; Improves processes, products and services; Continually works to improve supervisory skills.Cost Consciousness - Works within approved budget; Develops and implements cost saving measures; Contributes to profits and revenue; Conserves organizational resources.Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.Written Communication - Writes clearly and informatively; Edits work for spelling and grammar; Varies writing style to meet needs; Presents numerical data effectively; Able to read and interpret written information.Ethics - Treats people with respect; Keeps commitments; Inspires the trust of others; Works with integrity and ethically; Upholds organizational values.WOCCU believes that organizations who value and encourage the diversity of their employees and members will have competitive advantage and greater insights to drive business decisions and fulfill social mission. WOCCU seeks to identify qualified candidates regardless of their sex, gender, race, religion, ethnic or national origin, disability or sexual orientation.If you are interested in applying for this position, please email your resume and cover letter to Janie Mockrish at jmockrish@justinbradley.com

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