Deputy Chief Financial Officer

Company: Democratic National Committee Services Corporation
Location: Washington
Posted on: October 22, 2024

Job Description:

The Deputy Chief Financial Officer is responsible for partnering with the Chief Financial Officer to implement and oversee day-to-day financial operations, including direct supervision over accounting, treasury management, financial reporting, and financial systems and applications for the DNC and any affiliated entities.In this capacity, the Deputy CFO will work alongside the CFO to advise the Executive Director and COO on administrative and operational efforts; present financial and budget information to senior leadership, DNC membership, and committees; and administer the DNC's financial systems, processes, and internal controls.Responsibilities

• Accounting
• Lead the accounting function, managing the daily accounting operations and serving as the primary interface for all day-to-day accounting matters with staff and outside parties and consultants.
• Ensure that the DNC's accounting and reporting systems support its management, compliance, and fiduciary needs, including general ledger, accounts payable and cash disbursements, and cash receipts.
• Ensure that the internal control system protects DNC assets and financial data, and that written policies and procedures are in place to document those controls.
• Ensure that transactions are recorded accurately, on a timely basis, in compliance with FEC and IRS regulations, and in accordance with generally accepted accounting principles (GAAP).
• Partner with compliance to ensure that FEC reports are efficiently and accurately compiled each month.
• Lead the preparation of financial reports to management, financial institutions, governance, and membership.
• Oversee the annual audit to ensure it is conducted on time and on budget.
• Assist in the preparation and review of tax returns, including the annual 1120-POL, state and local sales and use taxes, and other returns as necessary.
• Assist in the negotiation of the DNC's line of credit, ensuring that the line is adequate to support DNC cash flow needs, and that bank covenants are reasonable and appropriate.
• Recruit, train, and supervise all accounting staff.
• Financial Systems and Reporting
• Ensure that financial accounts are reconciled on a timely basis.
• Serve as system administrator for the DNC's accounting system, bank and merchant accounts, expense tracking system, and donation tracking systems.
• Work with the CFO and Budget Director to support the reporting needs for financial management, budget tracking, and strategic decision making across the organization, with responsibility for developing, implementing, and maintaining these reports across our financial systems.
• Manage access for all cash, investment, and credit accounts, and ensure that staff with access have permissions appropriate to their job functions.
• Budget and Strategic Projects
• Advise on budget formation for upcoming election cycles, including financial modeling and scenario planning.
• Partner with the Budget Director to ensure quick and accurate reconciliation across our accounting and budget systems.
• Assist with strategic analysis projects as requested by the CFO and senior leadership of the DNC.
• Operations
• Support the DNC Operations team by providing expertise and recommendations on building management, risk management, and other operating activities as needed.
• Advise on strategic procurement initiatives, including on pricing, negotiation strategy, and the financial structure of contracts.
• Review contracts to ensure they are consistent with budget expectations.
• Other duties as assigned to support the department and the DNC's mission.The Deputy CFO's duties extend to the Democratic National Committee, the Democratic Grassroots Victory Fund, and other joint fundraising committees as necessary. Additionally, the Deputy CFO will assist the Democratic Properties Corporation in its accounting and compliance functions.Skills and Qualifications
  • Strong financial background and CPA preferred
  • 8+ years of overall work experience, including 4-6 years of Accounting and/or Budgeting experience and 2 years in a managerial position required
  • Public Accounting and non-profit experience preferred; experience with political or FEC regulated organizations a plus
  • Knowledge of FEC compliance regulations strongly preferred
  • Advanced experience with spreadsheets (MS Excel/Google Sheets) required; Experience with Sage Intacct a plus
  • Experience developing financial models and communicating their insights to stakeholders across an organization
  • A sense of humor and dedication to collaborationThe starting salary for the Deputy CFO is $140,000, on an annualized basis, commensurate with experience and qualifications. This is a full-time, exempt position that may require work on weekends.Due to federal campaign finance rules, only U.S. citizens or U.S. green card holders are eligible for this role. See 52 U.S.C. 30121; 11 C.F.R. (i).
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Keywords: Democratic National Committee Services Corporation, Wheaton-Glenmont , Deputy Chief Financial Officer, Accounting, Auditing , Washington, Maryland