The Chief Financial Officer reports to the President and Chief Executive Officer of the Alumni Association and is a strategic thought leader in managing assets and finances to grow the entrepreneurial spirt of the UMAA. As part of the UMAA leadership team, this senior-level leader oversees the financial, HR, and risk management areas of the UMAA and supervises the accounting manager.

This is a 100%, 12-month annually renewable appointment in the academic professional personnel series.

Essential Functions*:
 

Business Strategy and Governance

• Manage UMAA assets to position the organization for future growth.
• With the CEO and VP of Marketing and Business Development, identify and assist with strategies to grow revenue for the UMAA.
• Provide strategic financial leadership on the proposed alumni and friends housing project.
• Advise the CEO and leadership team of optimal use of resources to fulfill UMAAâ™s mission.
• Work closely with the UMAA Board of Directors, Executive Committee, and the Finance and Audit Committees to support their financial oversight.
• Serve on the University Gateway Corporation Board of Directors as Secretary, and as a member of the Finance Committee and Operations Committee.
• Partner with the UMAA leadership team to build a high performing team with strong internal culture.
   

Accounting and Finance:

• Lead the design and execution of UMAAâ™s financial activities.
• Build, monitor, and maintain effective internal controls and ensure adherence to financial policies.
• Prepare annual operating and capital budgets in consultation with the leadership team.
• Direct the annual external audit and tax compliance engagements.
• Manage the cash flow of the organization.
• Monitor and report the performance, management and use of invested funds.
• Review monthly financial performance with budget owners and management team, assess variances from budgets and revise forecasts.
• Oversee the monthly closing process and preparation of internal departmental reports and financial statements.
   

Management and Administration:

• Lead the UMAAâ™s HR operations, coordinating with University Human Resources to leverage their expertise and capacity.
• Oversee the recruiting, hiring, onboarding and departures process for new employees
• Engage legal counsel for the UMAA as necessary
• Oversee UMAAâ™s insurance needs and risk management.
• Collaborate with other University departments to support UMAAâ™s mission and achieve goals.
   

NonâEssential Functions:

• Other Duties as assigned

* The Employer retains the right to change or assign other duties to this position.

Minimum Qualifications:

• Bachelorâ™s degree in accounting or finance
• Ten (10) years of experience as a professional accountant

Preferred Qualifications:

• A creative, entrepreneurial mindset
• Experience working in a higher education or non-profit setting
• Advanced degree in related field
• Professional certification in related field â“ CPA, CMA, CGMA, CFA, etc.
• Knowledge of nonprofit accounting principles and taxation
• Able to assess the adequacy of internal controls and develop controls to address deficiencies
• Self-motivated, able to work independently and assume high-level responsibilities
• Detail oriented
• Organized and able to handle multiple tasks and deadlines
• Able to communicate financial information to non-financial staff
• Understanding of the human resources operations
• Knowledge of organizational risk assessment and insurance coverage

About University of Minnesota Twin Cities

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