Chief Financial Officer

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Employer of Choice : ABA is recognized with a 2025 Great Company Culture Award and 2025 Great Place to Work designation!

Job Description :

The Chief Financial Officer (CFO) provides strategic financial leadership for ABA, its subsidiaries, affiliates, and associated plans and funds. This role ensures the integrity of financial operations, compliance with GAAP and regulatory requirements, and transparent reporting to the Board and executive leadership. The position partners closely with the Chief Finance & Administration Officer (CFAO), shaping financial strategy, risk management, and investment decisions while leading a team of eleven responsible for operational excellence.

The CFO also serves as ABA’s Controller and reports directly to the CFAO.

Key Responsibilities

Financial Operations

Manage accounting for ABA, its three nonprofit subsidiaries, two for-profit entities, two affiliates, PAC, and Thrift and Retiree Medical Plans.

Ensure accurate, complete, and GAAP-compliant financial records.

Implement and maintain internal controls that safeguard assets and ensure compliance with applicable laws.

Oversee multi-state payroll, accounts payable (including P-Card, purchase orders, and expense reimbursements), accounts receivable, and bank reconciliations.

Manage treasury activities, banking relationships, and short-term investment strategies.

Financial Planning & Analysis

Lead development and consolidation of ABA’s annual budget (operating, capital, board-designated funds), ensuring appropriate allocation of internal costs and alignment with organizational priorities.

Provide regular forecasting of operating results, cash flows, and fund utilization.

Analyze financial performance, trends, and variances to inform leadership of decision-making.

Support CFAO with ad hoc financial analysis and reporting as needed.

Oversee cash flow, liquidity, and short-term investments across all funds, including General, VEBA, Board-designated, and restricted funds, optimizing returns while ensuring resources are available for operational and strategic needs.

Financial Reporting & Audit

Prepare and present financial statements, reports, and analyses to the Board, executive leadership, and department heads.

Support external audits and internal audit processes, including management responses and implementation of audit recommendations for seven annual financial audits.

Ensure compliance with all reporting standards and FASB requirements.

Tax and Compliance

Oversee timely filing of sales, income, payroll, property, and informational tax returns, as well as lobbying reports.

Maintain compliance with state and federal regulations, including sales tax and vendor documentation (W-9 / W-8).

Ensure all revenue management systems comply with state sales tax regulations, maintaining accurate set up and reporting across platforms (e.g., Nimble AMS and Cornerstone LMS).

Investment Management

Manage ABA’s investment portfolio in accordance with Investment Policy Statements and in coordination with the Investment Advisory Committee.

Serve as staff liaison to the Investment Advisory Committee and investment consultant; oversee fund rebalancing, manager selection, and policy updates.

Optimize returns on operating funds while maintaining liquidity for operational needs.

Financial Systems Administration

Oversee the financial system of record (Workday) and integrations with planning, revenue management, contract management, and P-Card systems.

Ensure system enhancements, reporting, and internal control requirements are implemented efficiently.

Additional Responsibilities

Recommend, update, and monitor internal controls, policies, and procedures annually.

Maintain Finance Department business continuity plans.

Serve as backup to CFAO for all financial matters.

Lead or participate in special financial projects as assigned.

Requirements

Degree in Finance or Accounting, Bachelor’s required, Advanced Degree or MBA strongly preferred.

CPA required.

20+ years of progressive and related experience.

Thorough understanding of accounting principles, FASB, internal controls, and financial statement reporting.

Experience leading and knowledge of financial operations, i.e., AR, AP, payroll, and bank reconciliations.

Experience overseeing enterprise-level budgeting, forecasting, and cash flow projections for a large organization with significant revenue targets and investments, including both for-profit and non-profit subsidiaries.

Excellent analytical skills with the ability to strategize and recommend solutions.

Demonstrated experience managing teams of 10 or more accounting and financial management system professionals, including senior-level staff.

Experience working / liaising / communicating with Board-level committees.

Exceptional verbal and written communication skills, with a demonstrated ability to lead, influence, and engage teams and stakeholders at all levels.

Multi-phase project management experience using tools such as MSTeams, MSProject, Jira, Monday.com, etc.

General knowledge of investment management, including private funds.

Understanding and ability to work with various software systems.

Experience with Workday preferred.

Ability to travel (less than 20%).

Target base for the role : $330,000 - $360,000.

Salary Band Range : $234,520.00 - $328,900.00 - $423,280.00.

American Bankers Association (ABA) is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, age, sex, marital status, gender identity, sexual orientation, disability, protected Veteran status, personal appearance, political affiliation, family responsibilities or any other characteristic protected by applicable law.

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