Jobs and Careers
DE
Chief Financial Officer
Democratic National CommitteeWashington, United Statesfull_timeVerifiedPosted 7 Feb 2025
About the role
The Chief Financial Officer is responsible for managing all financial aspects of the DNC, including budgeting, financial planning, accounting, financial reporting, and financial systems and applications for the DNC and any affiliated entities.In this capacity, the CFO will advise the Executive Director and Chief Operating Officer on administrative and operational efforts; present financial and budget information to the Chair, senior leadership, Treasurer, DNC membership, and committees; and administer the DNC’s financial systems, processes, and internal controls.
Responsibilities
- Accounting
- Lead the accounting function, managing the 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.
- 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.
- Oversee the annual audit to ensure it is conducted on time and on budget.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.
- Recruit, train, and supervise all accounting staff.
- Financial Systems and Reporting
- 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.
- Provide various report 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.
- Budget and Strategic Projects
- Advise on budget formation for upcoming election cycles, including financial modeling and scenario planning.
- 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.
- Operations
- 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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