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Chief Financial Officer

New York City, NY, USA | Non Profit Organization

  • Industry:
    Non-Profit / Social Enterprise
  • Position Type:
  • Functions:
    Accounting / Control
    Finance (Internal)
    General Management
  • Experience:
    10-12 years
Job Description:
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Direct the financial affairs of the American Thoracic Society (“ATS” or the “Society”) in conjunction with the Senior Leadership Team, Finance Committee and Board of Directors. Ensure effectiveness and efficiency of the organization’s financial systems and procedures. Promote the Society's goals through optimum allocation of resources, timely and accurate analysis and reporting, and effective representation of the Society's interests. Maximize revenue and minimize expense in a manner consistent with Society strategic goals, policies, and procedures. Participate as member of Senior Leadership Team responsible for contributing to the development of strategy and for executing organization-wide operations. Lead the Finance Department (four FTEs). 

Primary Responsibilities include:

·Plan, develop, organize, implement, direct, and evaluate the organization's fiscal function and performance.

·Provide oversight, leadership, and supervision of the Finance Department. Maintain integrity of transactions, and continuity of operations and accuracy of results.

·Report financial activities and results to the Executive Director, Executive Committee, Board of Directors, Chiefs and Department Heads principally through monthly and annual reports. Provide timely and accurate analysis of budgets, financial reports, and financial trends to assist them in performing their responsibilities.

·Provide Finance staff with professional and personal growth with emphasis on opportunities (where possible) of individuals.

·Serve on Senior Leadership Team and advise Executive Director, Chiefs and Executive Committee on important financial developments.

·Direct and / or participate in key business partner and other organizational negotiations; approve major expenditures and pertinent documents, performing other representations of the Society, as necessary. 

·Advise staff as requested and appropriate on financial and tax matters.

·Staff the ATS Finance Committee. Orient and serve as primary liaison to the Committee Chair and Secretary-Treasurer on financial matters. 

·Lead development of the annual budget, including the establishment of budget guidelines and instructions for staff. Design and prepare data presentations, supplementary materials and graphics for the Committee’s purposes and in support of the board approval process. Direct activities of the ATS Investments Advisor / Manager in conformance with ATS Investment Policy as approved by the Finance Committee. Coordinate all reporting activity.

·In conjunction with senior leadership team, formulate procedures related to pricing, licensing and royalty rates related to Society intellectual property. Serve as central repository of contracts and provide guidance to other ATS staff in matters relating to negotiation. 

·Direct the Society's risk management. Evaluate insurance needs and coverage as it relates to staff, member, volunteer and society business and other activity. Identify new or additional insurance needs. Oversee all renewals.

·Direct the annual audit program for the Society. Facilitate selection of and serve as liaison with external auditor. Coordinate scheduling, target report dates, committee review and board presentation. Implement annual audit recommendations consistent with resources available. 

·Manage financial reporting and compliance with new and existing grants. Coordinate reporting and communications with grant managers.

·Establish and/or maintain general business and operational processes related to expenditures, disbursements, and budgetary allocations as well as the proper assignment of receivables. Identify collection needs and negotiate with collection agencies.

·Manage all banking, insurance, and investment relationships.

·Direct the financial planning and analysis of the organization. Develop projections and models in support of future initiatives of the organization working with Senior Leadership Team.

 The successful candidate will possess the following qualifications:

·Minimum of Bachelor’s Degree in Business Administration, Economics, Accounting or related degree/Master’s Degree in Business Administration highly desirable and preferred

·Ten years management experience at increasing levels of responsibility in related business activity of associations, professional, membership, research or government organizations, publishing, or similar activity

·CPA (or equivalent) designation strongly preferred

·Excellent oral and written communication skills

·A high degree of personal initiative; and the ability to act decisively and perform effectively under pressure

·Strategic mindset

·Integrity in financial dealings

·Strong negotiating skills

·Demonstrated leadership capability and flexibility in adjusting to changes in the society's priorities

·Ability to travel

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