Sr Director, Finance and Accounting - Mutual Funds

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 Fin Ops and has experience leading finance, accounting and F&PA in the investment industry, we are looking for you.

Responsibilities include:

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 rule making.

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…