Sr Director, Finance and Accounting - Mutual Funds

NRECA•Arlington, VA

12d•$217,000 - $270,000•Hybrid

About The Position

NRECA’s finance department is seeking a senior finance and accounting leader to work with the CEO and leadership team of Homestead Advisers Corp., a registered investment adviser; Homestead Financial Services Corp., a limited-purpose broker dealer; and Homestead Funds, a family of open-end mutual funds. These for-profit organizations are part of NRECA, a national trade association supporting more than 900 consumer-owned electric cooperatives. The role oversees accounting, financial reporting, regulatory reporting, tax, audit, and financial planning and analysis. Reporting to the NRECA Chief Financial Officer, the Senior Director serves as Treasurer to each entity’s Board and advises management on financial matters. The position leads three professionals and is expected to report to the office at least three days a week. The role requires progressive finance and accounting experience in the mutual fund, investment management, and/or broker dealer industry, experience leading teams, and a FINRA Series 27 or 28 license. The successful candidate will oversee financial operations and compliance, work with Boards and executive leadership, manage outsourced service providers, and collaborate with leaders in Marketing, Investment Operations, Sales, Compliance, and Legal.

Requirements

Bachelor’s degree in Accounting, Finance, or a related field, or an equivalent combination of education, training, and additional experience.
At least 10 years of progressive accounting or financial reporting experience in the mutual fund, investment management, and/or broker dealer industry.
At least 7 years of people leadership experience.
Experience overseeing outsourced service providers, such as fund administrators, custodians, and fund accountants.
FINRA Series 27 or 28 license required.
Knowledge of the Investment Company Act of 1940, the Investment Advisers Act of 1940, and SEC regulations applicable to registered investment companies and investment advisers.
Knowledge of the Securities Exchange Act of 1934 and SEC and FINRA regulations applicable to broker dealers, including financial responsibility rules.
Knowledge of U.S. GAAP and the Internal Revenue Code.
Technical expertise in accounting and financial reporting for mutual funds, investment companies, and/or broker dealers.
Knowledge of internal control over financial reporting and disclosure controls supporting principal financial officer certifications.
Ability to prioritize competing deadlines and manage multiple projects using effective organization skills and attention to detail.
Effective verbal and written communication skills with colleagues, employees, vendors, and management at various levels.
Ability to present complex financial information clearly to Boards of Directors and Board committees.
Ability to build collaboration and consensus in a fast-paced environment.
Ability to identify opportunities for creative solutions and improvements to business processes and productivity.
Ability to use Microsoft Office tools (Excel, Word, Outlook, and PowerPoint), accounting and financial reporting systems, and other job-related technology.
Ability to provide service excellence by building relationships and being resourceful, responsive, and respectful.
Ability to report to the office at least three days a week.

Nice To Haves

Master’s degree preferred.
CPA license preferred.

Responsibilities

Leads a team of three professionals, sets team strategy, and manages team performance.
Provides financial information and guidance to the Boards and management of each entity.
Manages investable assets and cash according to Board-approved policy.
Oversees treasury functions, including banking relationships, cash management, and authorized signatory responsibilities.
Oversees preparation of monthly financial reports for management and the parent company and quarterly FINRA filings.
Ensures compliance with SEC and FINRA financial responsibility and recordkeeping requirements.
Oversees compliance with the customer protection rule (SEC Rule 15c3-3) and net capital rules (SEC Rule 15c3-1).
Manages preparation of annual financial statements filed with FINRA and/or the SEC.
Leads financial planning and analysis, partnering with the Homestead Advisers CEO on annual budgets, budget monitoring, periodic forecasting, and modeling as needed.
Oversees third-party service providers for Homestead Funds in areas including SEC filings, financial reporting, expense management, and tax matters.
Oversees the annual external audit of Homestead Funds financial statements and serves as the primary liaison to the Audit Committee and independent auditors.
Stays current on applicable GAAP requirements and IRC changes and monitors SEC and FINRA rulemaking.
Collaborates with leaders across the organization, including Marketing, Investment Operations, Sales, Compliance, and Legal.
Serves on the Risk Committee, Valuation Committee, and Disclosure Committee.