Deputy Chief Financial Officer

2 weeks ago

Washington, United States Democratic National Committee Services Corporation Full time
Job Summary

The Democratic National Committee Services Corporation seeks a highly skilled and experienced Deputy Chief Financial Officer to lead its financial operations. As a key member of the finance team, the Deputy CFO will partner with the Chief Financial Officer to implement and oversee day-to-day financial operations, including direct supervision over accounting, treasury management, financial reporting, and financial systems and applications.

Key Responsibilities
  • Financial Operations Management
    • Lead the accounting function, managing daily accounting operations and serving as the primary interface for all day-to-day accounting matters with staff and outside parties and consultants.
    • Ensure that the DNC's accounting and reporting systems support its management, compliance, and fiduciary needs, including general ledger, accounts payable and cash disbursements, and cash receipts.
    • Ensure that the internal control system protects DNC assets and financial data, and that written policies and procedures are in place to document those controls.
  • Financial Reporting and Analysis
    • Ensure that transactions are recorded accurately, on a timely basis, in compliance with FEC and IRS regulations, and in accordance with generally accepted accounting principles (GAAP).
    • Partner with compliance to ensure that FEC reports are efficiently and accurately compiled each month.
    • Lead the preparation of financial reports to management, financial institutions, governance, and membership.
  • Financial Planning and Budgeting
    • Assist in the preparation and review of tax returns, including the annual 1120-POL, state and local sales and use taxes, and other returns as necessary.
    • Assist in the negotiation of the DNC's line of credit, ensuring that the line is adequate to support DNC cash flow needs, and that bank covenants are reasonable and appropriate.
  • Human Resources and Administration
    • Recruit, train, and supervise all accounting staff.
    • Ensure that financial accounts are reconciled on a timely basis.
    • Serve as system administrator for the DNC's accounting system, bank and merchant accounts, expense tracking system, and donation tracking systems.
  • Strategic Analysis and Support
    • Work with the CFO and Budget Director to support the reporting needs for financial management, budget tracking, and strategic decision making across the organization, with responsibility for developing, implementing, and maintaining these reports across our financial systems.
    • Manage access for all cash, investment, and credit accounts, and ensure that staff with access have permissions appropriate to their job functions.
    • Advise on budget formation for upcoming election cycles, including financial modeling and scenario planning.
  • Other Duties
    • Partner with the Budget Director to ensure quick and accurate reconciliation across our accounting and budget systems.
    • Assist with strategic analysis projects as requested by the CFO and senior leadership of the DNC.
    • Support the DNC Operations team by providing expertise and recommendations on building management, risk management, and other operating activities as needed.
    • Advise on strategic procurement initiatives, including on pricing, negotiation strategy, and the financial structure of contracts.
    • Review contracts to ensure they are consistent with budget expectations.

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