SkyWater Search Partners · 2 weeks ago
Deputy Chief Financial Officer
Edina, MN
Full-time
Hybrid
Director/Executive
10+ years expSkyWater Search Partners is partnering with Portico Benefit Services in their search for a Deputy Chief Financial Officer. This role will provide strategic and operational leadership across all aspects of the Finance function, aiming to succeed the current CFO during her planned retirement.
Human ResourcesRecruitingStaffing Agency
Hiring Manager
Adam Hoffarber, JD
Responsibilities
Partner with the Chief Financial Officer in developing strategic plans for the finance unit. Provide tactical leadership for implementing policies and procedures through continuous efficiency efforts; assist in supporting the financial reporting to Portico’s Board of Trustees. Participate in corporate project teams and/or steering committees
Oversee the annual review and analysis of the various insurance policies that Portico maintains. Work with internal subject matter experts and outside consultants to evaluate risks Portico has identified and ensure that proper insurance policies are in place to cover the identified risks
Oversee the alignment of metrics and reporting from the strategic plan through operations using current best practices and benchmarks
Strategically monitor funding adequacy across benefit plans, periodically evaluating funding targets are in alignment with the enterprise strategic plan
Oversee finance unit operations, including financial reporting, budgeting, forecasting, treasury, payment services, pricing, and actuarial valuations
Provide leadership and direction to ensure timeliness, accuracy, and completeness of periodic reporting deliverables to the board of trustees, leadership teams, and management. Oversee financial and data integrity by assuring accounts, entries, transactions, and reconciliations are reviewed, authorized, and analyzed according to procedures, standards, and expectations
Oversee regulatory reporting requirements related to multiple U.S. and Non-U.S. taxing authorities and other government agencies as necessary
Provide oversight of the preparation and publication of the annual report, ensuring compliance with external reporting requirements for benefit plans and trust funds
Provide oversight of internal financial reporting controls, ensuring key controls are functioning as designed. Monitor a well-documented set of accounting processes and procedures, managing risks while continuously promoting process efficiency
Provide leadership for the investment accounting function for the retirement, other `1s plans and the trust accounts. Provide oversight to research documentation on new accounting and reporting standards. Maintain proper documentation and accurate reporting for issues that arise from the various types of investment vehicles at Portico Benefit Services. Oversee custodial financial reporting including providing direction to the custodian and record keeper relative to investment accounting issues
Ensure operational processes related to cash management, investment operations, asset transfers, risk reporting, compliance, and transactional accounting align to enterprise strategies
Oversee annual benefit obligation valuation and pricing processes. Hire and direct internal and external actuarial service providers, continuing to update actuarial assumptions in accordance with industry best practices to ensure financial reporting accuracy
Understand and comply with all of Portico’s Governance, Risk, and Compliance standards (e.g. internal controls, regulatory compliance, policy compliance evidence retention) and promote these standards in a manner that is required of this position. This position is also responsible for their direct reports understanding and complying with Portico’s Governance, Risk, and Compliance standards
Qualification
Required
Strong knowledge of GAAP, financial controls, and policy, investment accounting, principles of insurance, actuarial liabilities, and benefit plan accounting
Ability to communicate and partner with all levels of leadership, directors, and employees of Portico
Strong knowledge of tax regulations and reporting related to benefit plans, nonprofits, and the corresponding unrelated business income tax regulations
Knowledge of securities industry, investment management, trading activities, and the financial reporting requirements for a wide range of investment types and transactions
Strong communication and employee management, coaching, and mentoring skills
Ability to work within and lead cross-functional teams
Ability to organize and prioritize work in a fast-paced and changing environment
Flexibility to adapt to rapidly changing priorities in a professional manner
Knowledge of church plans and Lutheran doctrine
Bachelor's degree in Accounting, Finance, or related field
10+ years of progressive experience in finance or accounting leadership, including oversight of reporting, internal controls, and financial analysis
5 – 7 years' experience in overseeing these functions
Demonstrated ability to translate financial data into actionable business insights
Excellent communication and leadership skills with the ability to mentor and develop teams
Preferred
Master's degree, MBA, CPA, or similar designation strongly preferred
Experience in investment accounting, insurance, or benefits administration preferred
Background in public accounting or audit (Big 4 or regional firm) strongly valued
Company
SkyWater Search Partners
SkyWater Search Partners is an executive search firm that specializes in short list recruitment and placement.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Adam Hoffarber
Managing Partner
Recent News
Business Journals
2023-08-17
2022-08-12
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