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American Bankers Association · 2 hours ago

Chief Financial Officer

District of Columbia, United States

Full-time

Onsite

Director/Executive

$330K/yr - $360K/yr

20+ years exp

The American Bankers Association is the banking industry's champion. They are seeking a Chief Financial Officer (CFO) to provide strategic financial leadership, ensuring the integrity of financial operations and compliance while partnering closely with executive leadership.

AssociationBankingFinanceFinancial Services

Work & Life Balance

Responsibilities

Manage accounting for ABA, its three nonprofit subsidiaries, two for-profit entities, two affiliates, PAC, and Thrift and Retiree Medical Plans

Ensure accurate, complete, and GAAP-compliant financial records

Implement and maintain internal controls that safeguard assets and ensure compliance with applicable laws

Oversee multi-state payroll, accounts payable (including P-Card, purchase orders, and expense reimbursements), accounts receivable, and bank reconciliations

Manage treasury activities, banking relationships, and short-term investment strategies

Lead development and consolidation of ABA’s annual budget (operating, capital, board-designated funds), ensuring appropriate allocation of internal costs and alignment with organizational priorities

Provide regular forecasting of operating results, cash flows, and fund utilization

Analyze financial performance, trends, and variances to inform leadership of decision-making

Support CFAO with ad hoc financial analysis and reporting as needed

Oversee cash flow, liquidity, and short-term investments across all funds, including General, VEBA, Board-designated, and restricted funds, optimizing returns while ensuring resources are available for operational and strategic needs

Prepare and present financial statements, reports, and analyses to the Board, executive leadership, and department heads

Support external audits and internal audit processes, including management responses and implementation of audit recommendations for seven annual financial audits

Ensure compliance with all reporting standards and FASB requirements

Oversee timely filing of sales, income, payroll, property, and informational tax returns, as well as lobbying reports

Maintain compliance with state and federal regulations, including sales tax and vendor documentation (W-9/W-8)

Ensure all revenue management systems comply with state sales tax regulations, maintaining accurate setup and reporting across platforms (e.g., Nimble AMS and Cornerstone LMS)

Manage ABA’s investment portfolio in accordance with Investment Policy Statements and in coordination with the Investment Advisory Committee

Serve as staff liaison to the Investment Advisory Committee and investment consultant; oversee fund rebalancing, manager selection, and policy updates

Optimize returns on operating funds while maintaining liquidity for operational needs

Oversee the financial system of record (Workday) and integrations with planning, revenue management, contract management, and P-Card systems

Ensure system enhancements, reporting, and internal control requirements are implemented efficiently

Recommend, update, and monitor internal controls, policies, and procedures annually

Maintain Finance Department business continuity plans

Serve as backup to CFAO for all financial matters

Lead or participate in special financial projects as assigned

Qualification

CPAFinancial OperationsBudgetingForecastingFinancial ReportingInvestment ManagementAdvanced DegreeMBAWorkdayAnalytical SkillsSoftware Systems KnowledgeTeam ManagementCommunication SkillsProject Management

Required

Degree in Finance or Accounting, Bachelor's required, Advanced Degree or MBA strongly preferred

CPA required

20+ years of progressive and related experience

Thorough understanding of accounting principles, FASB, internal controls, and financial statement reporting

Experience leading and knowledge of financial operations, i.e. AR, AP, payroll, and bank reconciliations

Experience overseeing enterprise-level budgeting, forecasting, and cash flow projections for a large organization with significant revenue targets and investments, including both for-profit and non-profit subsidiaries

Excellent analytical skills with the ability to strategize and recommend solutions

Demonstrated experience managing teams of 10 or more accounting and financial management system professionals, including senior-level staff

Experience working/liaising/communicating with Board-level committees

Exceptional verbal and written communication skills, with a demonstrated ability to lead, influence, and engage teams and stakeholders at all levels

Multipart, multiphase project management experience using tools such as MS Teams, MS Project, Jira, Monday.com, etc

General knowledge of investment management, including private funds

Understanding and ability to work with various software systems

Ability to travel (less than 20%)

Preferred

Experience with Workday preferred

Benefits

Competitive pay

Outstanding benefits package

Company

American Bankers Association

ABA is a banking trade association of community, regional, and money center banks, holding companies. It is a sub-organization of American Bankers Association.

Founded in 1875

Washington, District of Columbia, USA

201-500 employees