Assistant Director, Accounting and Finance

1199SEIU Funds•New York, NY

About The Position

This role provides financial leadership over the financial processing, recording, and reporting of financial information for the Benefit and Pension Fund Family (BPF), which includes four (4) Benefit Funds, three (3) Pension Funds, and one (1) 401K Plan. The position is responsible for delivering long-term strategic initiatives to keep the department current in a constantly evolving financial environment. Key responsibilities include overseeing external audits and tax filings, developing and maintaining accurate financial statements, facilitating seamless accounting processes, leading organizational development for the finance staff, and developing detailed action plans to meet objectives. The role also involves cash management, developing metrics and KPIs, reviewing account reconciliations, monitoring interfund balances, ensuring regulatory compliance, and assisting with ad-hoc projects.

Requirements

Bachelor’s degree in Accounting or Finance required
Minimum six (6) years financial management experience complemented by controller, reporting and analysis, planning, accounting, and management skills in a complex not-for-profit with significant scale required
four (4) years supervisory experience of exempt and non-exempt personnel required
Knowledge of Financial Planning and Reporting systems used in complex not-for-profit environments
Advanced knowledge of U.S. GAAP; external reporting with knowledge of IRS, DOL and other governmental requirements as they relate to Taft Hartley and not-for-profit organizations
Advanced skill level in Microsoft Excel, Word, Accounting, Financial and Budgeting Software
Strong management, supervisory and communication skills; excellent critical thinking and analytical capabilities
Superb analytical skills with ability to provide solutions and develop alternatives
Demonstrated organizational skills with ability to manage complexity, multi-task and meet operational deadlines
Ability to manage projects, work well under pressure, maintain professional manner and presentation

Nice To Haves

Current CPA certification, MBA or other advanced degree preferred
Knowledge of Taft Hartley Plans highly preferred

Responsibilities

Provide financial leadership over the financial processing, recording, and reporting of financial information of the Benefit and Pension Fund Family (BPF) which includes four (4) Benefit Funds, three (3) Pension Funds, and one (1) 401K Plan while delivering long term strategic initiatives that keep the department current in today’s ever changing financial environment.
Oversee the preparation and coordination of all Funds’ external audits as well as all tax filings (Internal Revenue Service (IRS), state and local Department of Labor (DOL)) as Plan Sponsor for each of the Taft Hartley Funds
Develop and maintain timely and accurate internal and external financial statements (including balance sheets, statements of activities, cash flows and trend and variance reporting analyses with variance explanations that are appropriate for the users and in accordance with generally accepted accounting principles
Develop and facilitate seamless accounting processes, including reporting, analysis, budgeting, and cash flow projections; Responsible for leading these processes for all reporting groups among budget, program and accounting staff ensuring timely and accurate reports by a fully integrated finance staff with excellent knowledge of finance, operations, and programs
Lead organizational development of all functions ensuring training, coaching, reviewing, and supervising the staff to meet deadlines in the most efficient and seamless manner; Develop financial professionals to produce timely and accurate financial statements, reports, analyses and budgets and cash flow projections with fully integrated financial reporting
Develop detailed action plans that target meeting objectives of accurate and timely accounting, reporting, analysis, budgets, and cash flow projections
Cash Management – Review, approve, and release wire transfers. Ensure that banking transactions are properly recorded and reconciled in accounting system.
Develop metrics and Key Performance Indicators (KPIs) to track Funds performance and inform management of these key indicators for decision making
Review monthly account reconciliations; Ensure that cash and other significant accounts of the Funds’ are reconciled monthly on a timely basis. Ensure that the accounting system reconciles to V3, QNXT, and other external systems on a monthly basis
Monitors the interfund balances owed to and from each respective fund and ensures that those balances reconcile on a monthly basis
Ensure that the Funds and 501c3 organizations are in compliance with all regulations and adhering to all applicable laws and regulations for the proper segregation of funds; leading timely preparation of all external audits, financial statements, financial budgets and forecasts in accordance with Generally Accepted Accounting Principles (GAAP), and reviewing, all applicable returns, and external filings such as IRS 990 Forms and 5500 returns
Assist with ad-hoc projects as needed