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, Arlington , Deputy Chief Financial Officer, Accounting, Auditing , Washington, Virginia
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