Sr Director, Finance and Accounting - Mutual Funds

NRECA; Virginia; On-site; USD 217,000 - 270,000; Full time

Job summary

NRECA International is seeking a Senior Director of Finance Accounting to oversee accounting, financial reporting, regulatory reporting, tax, audit, and FP&A for Homestead-advised entities and funds. The role reports to the CFO and serves as Treasurer to the Boards.

You will lead a small team, manage investments and treasury, ensure SEC/FINRA compliance, and collaborate with leadership on budgets and forecasts.

Qualifications

• Bachelor's degree in Accounting, Finance or related field; Master's degree preferred.
• 10+ years of progressive accounting/financial reporting in mutual funds, investment management and/or broker-dealer industry.
• At least 7 years of people leadership experience.
• Experience overseeing outsourced providers such as fund administrators or custodians.
• FINRA Series 27 or 28 license required; CPA license preferred.
• Knowledge of GAAP, IRC, and SEC/FINRA regulations.

Responsibilities

• Lead a team of three professionals and set team strategy.
• Provide financial information and guidance to Boards and management.
• Oversee treasury functions including banking relationships and cash management.
• Oversee monthly financial reporting and quarterly FINRA filings.
• Ensure compliance with SEC and FINRA financial responsibility and recordkeeping requirements.
• Oversee annual external audits and coordination with auditors.
• Collaborate with senior leadership on budget setting and forecasting.
• Liaise with third-party service providers for fund-related reporting and tax matters.

Skills

Leadership

Financial reporting

Regulatory compliance

GAAP

SEC/FINRA knowledge

Tax knowledge

Education

Bachelor's degree in Accounting/Finance or related field

Master's degree preferred

Tools

Excel

Word

PowerPoint

Outlook

Job description

Job Description NRECA’s finance department is looking for a Senior Director of Finance Accounting to work with the CEO and leadership team of a registered investment adviser (Homestead Advisers Corp.), a limited‑purpose broker dealer (Homestead Financial Services Corp.) and a family of open‑end mutual funds (Homestead Funds). These for‑profit organizations are part of NRECA, a unique national trade association providing advocacy, financial services and business support services to over 900 consumer‑owned electric cooperatives across the country. NRECA employees are united by our mission, inclusive culture, collaborative workplace and commitment to service excellence. As a “best place to work” employer, we operate with integrity, transparency and a spirit of innovation. We are searching for a finance and accounting leader to oversee the accounting, financial reporting, regulatory reporting, tax, audit, and financial planning & analysis functions. Reporting to the NRECA Chief Financial Officer, the Senior Director serves as Treasurer to the Board of each entity; and provides advice to management on financial matters. If you are a collaborative, service‑oriented leader who is licensed to manage FinOps and has experience leading finance, accounting and F&PA in the investment industry, we are looking for you.

Responsibilities include:

Responsibilities

• Leads a team of three professionals.
• Sets team strategy and manages team performance.
• Provides financial information and guidance on financial matters to each of the Boards and management.
• 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 to management and parent company and oversees the preparation and filing of the 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 the preparation of annual financial statements which are filed with FINRA and/or the SEC.
• Handles financial planning and analysis.
• Works closely with the Homestead Advisers CEO on annual budget setting, budget monitoring, periodic forecasting, and modeling as needed.
• Oversees third‑party service provider services for Homestead Funds related to SEC filings, financial reporting, expense management, tax matters, etc.
• Oversees the annual external audit of the Homestead Funds financial statements.
• Serves as primary liaison to the Audit Committee and independent auditors.
• Stays current on applicable GAAP requirements and IRC changes.
• Monitors SEC and FINRA rulemaking.
• Collaborates with other leaders across the organization including Marketing, Investment Operations, Sales, Compliance, and Legal.
• Serves on the following Committees: Risk Committee, Valuation Committee, and Disclosure Committee.

Qualifications

Formal Education Required: Bachelor's degree in Accounting, Finance or a related field or an equivalent combination of education, training, and additional experience. Master's degree preferred.

Experience and Certifications Required: 10 or more years of progressive accounting/financial reporting experience in the mutual fund, investment management and/or broker dealer industry, including 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 CPA license preferred.

Knowledge, Skills and Abilities Required (as demonstrated by prior work experience): 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 US Generally Accepted Accounting Principles (GAAP) and Internal Revenue Code (IRC). Technical expertise in accounting/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 and manage competing deadlines and multiple projects at various stages of development using effective organization skills and attention to detail.

Ability to communicate effectively, both verbally and in writing, with colleagues, employees, vendors and various levels of management in a transparent, clear and precise manner.

Ability to present complex financial information clearly to Boards of Directors and Board committees.

Ability to build collaboration and consensus while operating in a fast‑paced environment.

Ability to identify opportunities and areas of the business where creative solutions will help to solve old and new problems and improve the status quo and productivity.

Ability to use Microsoft Office tools (Excel, Word, Outlook, PowerPoint), accounting and financial reporting systems, and other job‑related technology.

Ability to provide service excellence by building relationships, being resourceful, responsive and respectful.

Ability to report to the office at least 3 days a week.

Compensation

Annual Salary Range: $217,000 – $270,000. Final compensation to be determined by individual qualifications, experience, and internal equity.

NRECA’s total rewards package includes robust health coverage, employer HSA contributions, 401(k) with employer match, traditional pension plan, wellness initiatives and professional development.

Essential Physical Requirements

The worker is required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal and extensive reading. Exerting up to 20 pounds of force occasionally, and/or up to 10 pounds of force frequently, and/or a negligible amount of force constantly to move objects. If the use of arm and/or leg controls requires exertion of forces greater than that for sedentary work and the worker sits most of the time, the job is rated for light work.

Disclaimer Statement

The preceding job description has been written to reflect management’s assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned.

Additional Requirement

The preceding job description has been written to reflect management’s assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned.

Equal Employment Opportunity and Reasonable Accommodation

All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status. NRECA is committed to working with and providing reasonable accommodation to individuals with physical and mental disabilities. If you need special assistance or an accommodation while seeking employment, please e‑mail [e-mail] or call: 703‑907‑5992 - NRECA Arlington Human Resources. Please call 402‑483‑9275 - NRECA Lincoln Human Resources, for Lincoln, NE employment opportunities. We will make a determination on your request for reasonable accommodation on a case‑by‑case basis. The U.S. Equal Employment Opportunity Commission (EEOC) recently released the ‘Know Your Rights’ poster, which updates and replaces the previous “EEO is the Law” poster and “EEO Is the Law Poster Supplement”. Pay Transparency Non‑Discrimination. NRECA will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay. Please see the Pay Transparency Nondiscrimination Provision for more information.

E-Verify

E-Verify. As a Federal Contractor, NRECA is required to participate in the E-Verify Program to confirm eligibility to work in the United States. For information please click on the following link: E-Verify. For more information about life at NRECA please visit www.Electric.coop.

Learn More

Learn more about who we are, career opportunities, employer awards and life at NRECA. The National Rural Electric Cooperative Association (NRECA), with offices in Arlington, VA and Lincoln, NE is the trade association for over 900 consumer‑owned electric cooperatives serving more than 42 million people. At NRECA, we work with people who are leaders in their fields. They are down‑to‑earth, hardworking professionals committed to helping our members serve their communities. Our work is interesting, constantly evolving, and requires new skills to meet the changing needs of a dynamic industry. Employees are united around the compelling purpose and history of electric cooperatives which allows teams and individuals to thrive as they collaborate and engage to accomplish great things in the pursuit of our mission. And topping it off, NRECA cares about each person’s overall well‑being, encouraging health, financial security, and a sustainable work/life balance. Learn more about who we are at https://www.electric.coop/our-organization/careers.