Chief Financial Officer, UofM Alumni Association

University of Minnesota - Minneapolis, MN

Full-time - Senior

Minneapolis, MN

Educational Services

About the position

The Chief Financial Officer (CFO) of the University of Minnesota Alumni Association (UMAA) is a senior-level leader responsible for overseeing the financial, human resources, and risk management functions of the organization. Reporting directly to the President and CEO, the CFO plays a strategic role in managing assets and finances to foster growth and sustainability within the association. This position is integral to the leadership team, providing financial guidance and support to achieve UMAA's mission and objectives.

Responsibilities

• Manage UMAA assets to position the organization for future growth.
• Identify and assist with strategies to grow revenue for the UMAA in collaboration with the CEO and VP of Marketing and Business Development.
• Provide strategic financial leadership on the proposed alumni and friends housing project.
• Advise the CEO and leadership team on optimal resource utilization to fulfill UMAA's mission.
• Support the financial oversight of the UMAA Board of Directors, Executive Committee, and Finance and Audit Committees.
• Serve on the University Gateway Corporation Board of Directors as Secretary and participate in the Finance and Operations Committees.
• Build a high-performing team with a strong internal culture in partnership with the UMAA leadership team.
• Lead the design and execution of UMAA'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 on the performance and management 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.
• Lead UMAA's HR operations, coordinating with University Human Resources.
• Oversee the recruiting, hiring, onboarding, and departures process for new employees.
• Engage legal counsel for the UMAA as necessary.
• Oversee UMAA's insurance needs and risk management.
• Collaborate with other University departments to support UMAA's mission and achieve goals.

Requirements

• Bachelor's degree in accounting or finance.
• Ten (10) years of experience as a professional accountant.

Nice-to-haves

• A creative, entrepreneurial mindset.
• Experience working in a higher education or non-profit setting.
• Advanced degree in a related field.
• Professional certification in a related field - CPA, CMA, CGMA, CFA, etc.
• Knowledge of nonprofit accounting principles and taxation.
• Ability 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 and organized, able to handle multiple tasks and deadlines.
• Ability to communicate financial information to non-financial staff.
• Understanding of human resources operations.
• Knowledge of organizational risk assessment and insurance coverage.

Benefits

• Competitive wages, paid holidays, and generous time off.
• Continuous learning opportunities through professional training and degree-seeking programs supported by the Regents Tuition Benefit Program.
• Low-cost medical, dental, and pharmacy plans.
• Healthcare and dependent care flexible spending accounts.
• University HSA contributions.
• Disability and employer-paid life insurance.
• Employee wellbeing program.
• Excellent retirement plans with employer contribution.
• Public Service Loan Forgiveness (PSLF) opportunity.
• Financial counseling services.
• Employee Assistance Program with eight sessions of counseling at no cost.
• Employee Transit Pass with free or reduced rates in the Twin Cities metro area.