Sr Director, Finance and Accounting - Mutual Funds

NRECA•Arlington, VA

10d•Hybrid

About The Position

NRECA’s finance department is seeking a Senior Director of Finance and Accounting 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 serving 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 the Board of each entity and advises management on financial matters. The role leads a team of three professionals and is expected to report to the office at least three days a week. The position is responsible for financial management and reporting across the entities, including treasury and investment cash management, regulatory compliance, annual financial statements, budgeting and forecasting, external audits, and oversight of third-party service providers. The Senior Director serves as the primary liaison to the Audit Committee and independent auditors, monitors relevant accounting, tax, SEC and FINRA developments, collaborates with leaders across the organization, and serves on the Risk, Valuation, and Disclosure Committees.

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 Series 28 license.
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.
Ability to communicate clearly and effectively, verbally and in writing, 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 that address business problems and improve productivity.
Ability to use Microsoft Office tools, including Excel, Word, Outlook, and PowerPoint, as well as 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.
CPA license.

Responsibilities

Lead a team of three professionals, set team strategy, and manage team performance.
Provide financial information and guidance to the Boards and management of each entity.
Manage investable assets and cash in accordance with Board-approved policy.
Oversee treasury functions, including banking relationships, cash management, and authorized signatory responsibilities.
Oversee preparation of monthly financial reports for management and the parent company, as well as preparation and filing of quarterly FINRA filings.
Ensure compliance with SEC and FINRA financial responsibility and recordkeeping requirements, including the customer protection rule (SEC Rule 15c3-3) and net capital rules (SEC Rule 15c3-1).
Manage preparation of annual financial statements filed with FINRA and/or the SEC.
Handle financial planning and analysis; work with the Homestead Advisers CEO on annual budgets, budget monitoring, periodic forecasting, and modeling as needed.
Oversee third-party service provider services for Homestead Funds related to SEC filings, financial reporting, expense management, and tax matters.
Oversee the annual external audit of Homestead Funds financial statements.
Serve as primary liaison to the Audit Committee and independent auditors.
Stay current on applicable GAAP requirements and Internal Revenue Code changes, and monitor SEC and FINRA rulemaking.
Collaborate with leaders across Marketing, Investment Operations, Sales, Compliance, and Legal.
Serve on the Risk Committee, Valuation Committee, and Disclosure Committee.