Join the TMA team to utilize your knowledge, skills and elevate your finance career to the next level!
TMA is currently seeking a Senior Finance Director
Turnaround Management Association (TMA) is searching for an experienced finance professional who is highly skilled in all aspects of finance from both operational and strategical standpoints. This key leadership role will be responsible for general finance, accounting, payroll, planning/analysis, tax treasury investments and risk management. Additionally the incumbent will act as a trusted adviser to the CEO and the volunteer Board of Trustees including the Finance Committee, the Audit Committee, the Investment Committee and the Vice President Finance.
Who is TMA?
Turnaround Management Association (TMA) (non for profit) is the most professionally diverse organization in the corporate restructuring, renewal, and corporate health space. Established in 1988 and located in downtown Chicago on Wacker Drive, TMA has nearly 10,000 members in 52 chapters worldwide, including 34 North American chapters. Members include turnaround practitioners, attorneys, accountants, advisors, liquidators, consultants, as well as academic, government employees, and members of the judiciary. TMA provides members the opportunity to network and attend educational sessions to hone their skills and expand their contacts. For more information about our organization please visit us at www.turnaround.org.
What is the Opportunity?
As a member of TMA’s eight-person senior team, the Senior Finance Director reports to the CEO and manages two direct reports. This hands-on individual will be responsible for working with the TMA leadership team on managing the entire finance function. More specifically they would be responsible for the following:
Direct financial reporting and analysis; accounting and treasury, payroll, cash management, financial planning, budgeting and forecasting functions
Lead the annual operating budget process from start to finish, creation of all departmental budgets, preparation and presentation of detailed analysis for senior management and Board of Directors
Oversee the cash management function including managing working capital, cash flow forecasting and all banking relationships and requirements
Handle the development, maintenance, variance reporting and monthly roll-forward, of a monthly three-statement accrual model (income statement, balance sheet, cash flow, drivers), including longer-term liquidity analysis
Oversee and manage the investment relationships, portfolio analysis and investment policy statement and all relevant reporting.
Ensure internal financial control infrastructure and company retention policy is in compliance with internal policies and external regulations. Identify and address any control weaknesses in the Finance function.
Oversee the annual audit by independent accountants each fiscal year
Direct the preparation of all required tax filings (e.g. annual 990 form and all end of year reports and 1099 documents)
Provide effective support and communication to the Finance, Investment and Audit Committees of the Board of Trustees
Help prepare presentations and talking points for various presentations for the Executive Board, Operations Committee and other meetings
Manage the technology products used for the finance function and relationship with the landlord and all office vendors
Work with outside insurance broker, manage all commercial policies and ensure adequate coverages as well as assess risk environment and make appropriate recommendations
Administer the HR function, including benefits, compensation, training and payroll and ensures compliance with all employment, IRS and local laws. Ensures annual 401K compliance including non-discrimination testing is completed.
Other duties as assigned
Interviews: Will be held on a virtual basis. Final interview to be held in person.
Job Location: Presently virtual, targeting September 2021 to return to the office – relocation assistance for out of state candidates will not be provided.
What qualifications are needed?
The successful candidate would possess the following:
S., Accounting or Finance and CPA is a plus
Minimum ten years related experience
Prior experience managing a Finance department is required
Nonprofit and/or prior association experience preferred
Strong analytical, demonstrated strategic agility and critical thinking skills, including the ability to handle complex tasks and solve problems creatively and pragmatically with a commitment to accuracy
Excel in staying abreast of the team’s deliverables and embraces coaching and mentoring of direct reports
Ability to work effectively in a fast paced and collaborative environment and grasp complex legal, financial and operational matters
Aptitude to present data in a logical, concise manner and skilled in managing multiple deadlines and competing priorities
Ability to work collaboratively within a team environment as well as independently and possess the skills needed to strategically lead teams in achieving their goals
Strong verbal and written communications skills
Ability to pivot in a work environment with many “informal” bosses.
Can balance volunteer leadership, individual membership and organizational priorities with tact and strong interpersonal finesse
What’s in it for you?
Short and long term disability insurance
Life and AD&D insurance
Flexible and dependent care plan
Transit and parking benefit program
401(K) plan ($1.00 to $1.00, up to 6% TMA match)
Located close to Metra station and public transportation
For consideration, please submit a cover letter and resume by clicking the apply button.
Turnaround Management Association is an Equal Opportunity Employer
About Turnaround Management Association
The Turnaround Management Association (TMA) is the most professionally diverse organization in the corporate restructuring, renewal, and corporate health space. Established in 1988, TMA has nearly 10,000 members in 52 chapters worldwide, including 32 North American chapters. Members include turnaround practitioners, attorneys, accountants, advisors, liquidators, consultants, as well as academic, government employees, and members of the judiciary.