Job Summary The overall purpose of this position is to provide financial management for multiple Operating Units (OUs). The individual is responsible for the development of budgets and forecasts as well as analyzing financial results, highlighting operational variances, identifying and resolving issues. The individual partners directly with OU staff to ensure proper fiscal control of revenue and expenses. They interface directly with OUs Managing Director. They are also responsible for driving ad-hoc projects and process improvements to support their client operations and financial reporting.
The role reports to the Director, Business Finance and has 1-2 direct reports. They work independently and are required to complete most tasks with minimal supervision. As the primary finance subject matter expert for their designated clients, they provide accurate financial advice and continually educate volunteers on all aspects of financial management. While doing so, they must also partner with key OU staff to stay apprised of activities related to supplier contracts, invoicing and expense reporting.
This individual will conduct periodic reviews of existing processes and recommends, socializes, and implements changes as necessary. They resolve problems, demonstrate strong leadership skills, lead meetings and facilitate effective staff and volunteer interactions.
Key Responsibilities
- Manages finances for their Operating Units; This includes budget & forecasting, financial reporting and P&L adhoc analysis
- Consolidates and analyzes total financial trends by line of business
- Interfaces and partners with OU management to plan, implement, and create budgets and forecasts. Provides financial analysis and consultation to OU management, as needed
- Streamlines processes and ensures tools used to develop financials are efficient which involves working closely with IEEE Financial Planning & Analysis, Financial Systems team and IT staff, with the ultimate goal of automating processes to reduce manual work
- Partners with the Accounting team to understand results streams to ensure accuracy. Acts as the key point of contact with the Controller’s office for general ledger adjustments and accruals
- Manages products and cost centers including coding structure, understanding key accounts and cost center ownership; Works to streamline use of chart of accounts to increase efficiency; Understands the flow of accounting information such as revenue and expenses from IEEE platforms and other OUs in order to ensure accurate recording of financials, free from inconsistencies and errors
- Creates and/or updates standard operating procedures
- Prepares and conducts training for staff and volunteers
- Work on ad hoc projects as needed
Travel Information
- 5-10% Domestic and International