Chief Financial Officer, UofM Alumni Association

2 months ago

Minneapolis, United States University of Minnesota Twin Cities Full time

The Chief Financial Officer reports to the President and Chief Executive Officer of the Alumni Association and is a strategic thought leader in managing assets and finances to grow the entrepreneurial spirit of the UMAA. As part of the UMAA leadership team, this senior-level leader oversees the financial, HR, and risk management areas of the UMAA and supervises the accounting manager.

This is a 100%, 12-month annually renewable appointment in the academic professional personnel series.

Essential Functions:

Business Strategy and Governance
  • Manage UMAA assets to position the organization for future growth.
  • With the CEO and VP of Marketing and Business Development, identify and assist with strategies to grow revenue for the UMAA.
  • Provide strategic financial leadership on the proposed alumni and friends housing project.
  • Advise the CEO and leadership team of optimal use of resources to fulfill UMAA's mission.
  • Work closely with the UMAA Board of Directors, Executive Committee, and the Finance and Audit Committees to support their financial oversight.
  • Serve on the University Gateway Corporation Board of Directors as Secretary, and as a member of the Finance Committee and Operations Committee.
  • Partner with the UMAA leadership team to build a high performing team with strong internal culture.
Accounting and Finance
  • Lead the design and execution of UMAA's financial activities.
  • Build, monitor, and maintain effective internal controls and ensure adherence to financial policies.
  • Prepare annual operating and capital budgets in consultation with the leadership team.
  • Direct the annual external audit and tax compliance engagements.
  • Manage the cash flow of the organization.
  • Monitor and report the performance, management and use of invested funds.
  • Review monthly financial performance with budget owners and management team, assess variances from budgets and revise forecasts.
  • Oversee the monthly closing process and preparation of internal departmental reports and financial statements.
Management and Administration
  • Lead the UMAA's HR operations, coordinating with University Human Resources to leverage their expertise and capacity.
  • Oversee the recruiting, hiring, onboarding and departures process for new employees.
  • Engage legal counsel for the UMAA as necessary.
  • Oversee UMAA's insurance needs and risk management.
  • Collaborate with other University departments to support UMAA's mission and achieve goals.
Non-Essential Functions
  • Other Duties as assigned.

* The Employer retains the right to change or assign other duties to this position.

Minimum Qualifications:

  • Bachelor's degree in accounting or finance.
  • Ten (10) years of experience as a professional accountant.

Preferred Qualifications:

  • A creative, entrepreneurial mindset.
  • Experience working in a higher education or non-profit setting.
  • Advanced degree in related field.
  • Professional certification in related field – CPA, CMA, CGMA, CFA, etc.
  • Knowledge of nonprofit accounting principles and taxation.
  • Able to assess the adequacy of internal controls and develop controls to address deficiencies.
  • Self-motivated, able to work independently and assume high-level responsibilities.
  • Detail oriented.
  • Organized and able to handle multiple tasks and deadlines.
  • Able to communicate financial information to non-financial staff.
  • Understanding of the human resources operations.
  • Knowledge of organizational risk assessment and insurance coverage.
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