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Chief Financial Officer

Company: Massachusetts Teacher Association
Location: Quincy
Posted on: September 22, 2022

Job Description:

Who we are:The Massachusetts Teachers Association ("MTA") represents over 115,000 members and nearly 400 locals across the state and employs a full-time staff of over 150. Our members are public school teachers, faculty, professional staff, and education support professionals working at public schools, colleges and universities. As a member-driven organization and the largest union in New England, our collective power makes MTA an influential voice for educators, students, and their communities. We are proud to be an advocate for social, racial and economic justice and for a public education system that provides one of the cornerstones of a democratic societyMajor Responsibilities: Serving as the chief financial officer, manages the financial and business operations of the MTA, its affiliates, subsidiaries and employee retirement and savings plans, ensuring the integrity of the Association's financial practices and operations. Essential Job Functions: Manages all operations responsible for financial reporting, accounts payable, payroll, accounts receivable, related dues accounting and membership records, travel, purchasing and maintenance of the general ledger.Manages the preparation, analysis, monitoring, and implementation of the Association's budget.Manages the preparation of timely and accurate financial statements, financial analysis, budget analysis, and other financial reports.Ensures timely and accurate preparation of all required state and federal tax filings.Ensures compliance with all regulatory and government requirements related to financial and membership practices and records.Maintains a system of internal controls for sound and secure accounting practices.Manages cash requirements and investment policy.Oversees the annual audits, including the Association, pension plan, and 401K audits.Ensures the accuracy of membership billing and data collection and monitors and analyzes membership trends.Manages all organizational insurance programs, including property, casualty, and liability insurance.Manages the accounting and reporting responsibilities with a fiduciary role for employee defined benefit pension, 401(k), and VEBA plans, including serving as the Plan Manager of the DB plan.Advises and assists the Executive Director-Treasurer on the management of business operations, including standardizing procedures, developing systems, and technology use and training related to the effective and efficient functioning of the Association.Prepares financial projections, monitors reserve calculations, and provides guidance to leadership regarding the financial health of the Association.Advises, trains, and assists local associations with financial and non-profit business systems and compliance issues.Serves as the financial expert in staff collective bargaining, providing financial analysis and training to the Board Negotiating Team. Specific Responsibilities: Conducts presentations and provides guidance to appropriate Association leaders and governing bodies regarding the preparation, analysis, and implementation of the annual Association's budget.Establishes department processes and procedures, including technological updates to maintain efficiency.Oversees the expense reporting process for adherence to Association's policy and guidelines.Implements the Association's policies and personnel procedures for the Finance & Accounting Division including hiring, daily supervision, performance evaluation and employment-related actions.Prepares financial analysis, ad-hoc reporting and financial projections, and studies.Oversees property searches, lease negotiations, and lease renewals.Manages the budget for major organizational initiatives and campaigns, including monitoring such for outside hired consultants, where necessary.Coordinates, manages and prepares training tools for local association treasurers, and performs local audits as needed or requested.Serves on the pension and 401k committees in a fiduciary role as the financial expert.Works with pension plan counsel, actuary, and investment manager to monitor pension plan performance, funding strategies, financial viability and compliance.Implements GAAP reporting requirements and manages the preparation of the audited financial statements and related footnotes.Manages of the financial reporting of the organization's investment portfolio's activity and performance.Monitors the MTA investment portfolio, including asset allocation strategy, in conjunction with the MTA investment committee and outside investment managers.Advises the MTA Executive Committee, Board of Directors, Delegates to the Annual Meeting and local leaders on organizational financial matters, where necessary.Develops and administers the Division's budget.Serves as staff consultant to Association committees and groups as requested.Manages special programs and accounting for related organizations, including Professional Rights, Massachusetts Child, FSO Health Fund, VOTE, NEA PAC, and the MTA IE PAC.Oversees the MTA Local Office Support Program, assuring adherence to the program and monitoring participation and local reimbursement in accordance with MTA policy.Acts as the financial liaison between MTA, NEA and NEA State affiliates in financial matters.Maintains relationships with outside vendor organizations, including banking, investment managers, actuaries, 401k record keeper, auditors, payroll providers, financial systemsconsultants, etc.Manages and prepares RFPs for financial projects and third-party vendors, when required.Performs other related duties as required.Qualifications: Commitment to MTA's mission and strategic goals and the organized education profession.Bachelor's degree in accounting; CPA or MBA preferred.Eight to ten years of financial management experience, including managing the preparation and analysis of financial statements.Five years' experience in managing the preparation, implementation, and analysis of budget data.Proven successful management of a multi-million-dollar financial operation.Ability to establish successful working relationships and teams with staff, leaders, and members.Non-profit financial experience is preferable.Operations management experience preferable.Defined benefit pension experience preferable.Cash and investment management experience a plus.Experience conducting trainings for lay audiences a plus.Excellent interpersonal skills, both verbal and written.Understanding of key concepts related to systems of oppression that create inequity by race, class, and gender.Personal transportation and license and willingness to travel (generally within MA) required.Willingness to work evenings and weekends as needed.*MTA reserves the right to waive any qualifications at its discretion.* The MTA is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment fall all staff. PI192097903

Keywords: Massachusetts Teacher Association, Quincy , Chief Financial Officer, Executive , Quincy, Massachusetts

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