Chief Financial Officer

Description

Position Summary

Reporting to the Chief Executive Officer, the Chief Financial Officer will join the association’s senior leadership team and provide executive leadership for financial strategy and planning to ensure financial stability and growth. In addition, the position provides day-to-day oversight of the association's finance, conference and meeting planning, technology, membership, marketing, and business operations.  Chief Financial Officer is also responsible for entrepreneurial growth of the association.

Overseeing the annual operating budget of $16 million and an investment portfolio of $10 to $12 million, the Chief Financial Officer is responsible for finances, budget and accounting, audit and taxes, investments, risk management, purchasing, security, technology, membership, and marketing, and occasionally acts as a liaison with outside legal counsel on association business and the contractual work related to the association’s annual conference.

Major Functions and Responsibilities 

Finance (40%)

• Manages the overall finances and financial health of the association.
• Prepares, manages, and oversees the annual operating budget of approximately $21 million. Assists departments in understanding and preparing their budgets and annual plans, and presents the budget to the Board. Recommends modifications in operations as required to maintain financial health.
• Provides regular, timely financial reports, statistical analysis, dashboard and benchmarks of budget and operations to the Executive Director, Board, and senior managers. Continually enhances reporting systems to ensure accurate financial and operations reporting to inform sound decision-making.
• Develops strong relations with the Board and serves as primary liaison to the Board’s Finance and Audit Committee.
• Manages treasury-related activities and investments.
• Oversees financial risk management strategies, insurance, and planning.
• Insures appropriate external audits, tax filings, regulatory reporting, and full compliance with all federal laws and regulations that apply to 501(c)(3) organizations.
• With Senior Director/Strategic Partnerships, create and maintain systems for tracking and monitoring donations and gifts from external partners.

Conference and Meeting Planning (15%)

• Oversees the conference and meeting planning team to ensure the efficient and cost-effective production of NAFSA’s Annual Conference & Expo as well as numerous other virtual and in-house meetings and events.
• Ensures that all contracts related to current and future conferences serve the needs of and minimize risk for the association.

Technology (15%)

• Provide strategic oversight of NAFSA’s technology initiatives aimed at business continuity, business process efficiency and enhanced member experiences.
• Identify technology solution that support key strategic growth initiatives related to conference management, regional infrastructure, office/mobile computing, data analytics, association management systems, advocacy promotion, human resources management, etc.

Membership (15%)

• Provide strategic leadership for NAFSA’s membership recruitment, renewal, and retention strategy.
• Ensure that membership continues to drive a significant proportion of NAFSA’s overall annual revenue by constantly assessing and enhancing the membership value proposition.
• In consultation with the Management Team, strategically leverage the work of other departments as part of a cohesive, integrated membership value proposition.
• In a cross-functional collaboration with senior leadership and key stakeholders, establish membership goals, develop strategy, and devise metrics necessary to meet or exceed established recruitment goals and drive organizational sustainability.

Executive Leadership (10%)

• Serves as a key member of the association’s senior management team.
• Establishes strong working relations with members of the senior management team and staff throughout the association.
• Works collaboratively to resolve problems and build consensus across the association.
• Provides financial leadership in support of planning and strategy for new business ventures and new programmatic initiatives.
• Provides leadership to the development of the strategic plan with senior management and the Board.
• Serves as primary liaison with corporate attorneys on all matters related to contracts, personnel, and protection of corporate identity.
• Serves as a role model in supporting the association’s mission, vision, and values.

Marketing (5%)

• Provide strategic leadership for institution-wide brand, marketing, and promotions. Ensure