Reston Association Looking for Chief Financial Officer – (CFO) at Washington, DC Full Time

Purpose: The Chief Financial Officer (“CFO”) is a key member of the Senior Executive Leadership Team, reporting to the Chief Executive Officer (“CEO”) in support of collaborative work with the Reston Association (“RA” or “the Association”) Board of Directors (“the Board”). The CFO will oversee all financial operations, including the accurate and timely member assessment, revenue collection, accounting, budgeting, spending, procurement, including the issuance and management of Reston Association’s financial reporting obligations. The CFO will work closely with the Board of Directors, Fiscal Committee, and other senior leaders to translate the overall strategic vision into financial goals and plans. The CFO of Reston Association plays a vital role in providing strategic financial leadership and oversight of the Association’s long-term financial goals and will establish continued stability through analysis, issuance of financing/debt management, and excelling in a public-facing role.

The CFO will be responsible and accountable for planning, developing, managing, and leading the strategic financial goals, activities, and program initiatives within RA’s Finance Department, and provides all financial and accounting support to the Friends of Reston for Community Projects Inc (“Friends of Reston”). Reston Association is a Model Community famous for its dedication to economic, religious, and racial diversity and inclusiveness, where all can Live, Work, Play and Get Involved. ™ As the Senior Finance Executive within Reston Association, the CFO may serve as the “Acting CEO” when appointed, or as needed, in absence of the CEO to ensure business continuity.

Reston Association

CFO Recruitment Brochure

2022 Monthly Financial Statements

Essential Duties And Responsibilities

Financial Planning and Analysis:

• Develop and execute comprehensive financial strategies to support the Association’s long-term goals and financial sustainability.
• Conduct in-depth financial analysis, forecasting, and scenario modeling to inform decision-making and identify potential risks and opportunities.

Financial Management

• Experience in long-term financial analysis and debt management.
• Assess the Association’s debt requirements and coordinate debt issuance processes as needed.
• Oversee budgeting, budget implementation, tracking, and reconciliation to monitor progress and present clear, relevant, and actionable financial information across the organization, the Board and Finance Committee.
• Monitor and manage existing debt obligations, ensuring compliance with debt covenants and financial agreements.
• Works on special projects and provides financial analysis, and the evaluation of trends to determine performance/suitability to establish financial policy and build long-term plans.

Leadership & Finance Department Management

• Maintain executive responsibility for financial operations including working capital, capital expenditures, debt levels, taxes, budget and general accounting.
• Manage processes and have demonstrated experience in management oversight of the Association’s budgeting, financial modeling, and forecasting.
• Develop and direct financial plans to deliver the strategic business plan, company growth and market opportunities and direction.
• Lead and oversee the finance department, providing guidance, coaching, mentorship, and professional development opportunities to team members.
• Ensure accurate and timely financial reporting, including monthly, quarterly, and annual financial statements.
• Excellent leadership and communication skills, capable of building collaborative relationships with diverse teams and stakeholders.

Budget Development And Control

• Oversees budget development and administration with division staff. Performs regular review of budgeted activities and applies creative solutions, new technology or methods to ensure cost-effective operations. Maintains future (multi-year) prioritized budget planning to communicate needs and ensure resources are available to meet such needs.
• Prepare and file federal, state, third-party and other financial reports to ensure compliance with GAAP, SEC, IRS and other taxing entity requirements.
• Establish and maintain stable cash flow management policies and procedures and ensure cash resources are available for daily operations.
• Develops and exercises management controls to ensure fiscal integrity of the Association.
• Develops financial and budgetary policy recommendations in relation to annual, interim, and special financial and operational reporting.
• Collaborate with relevant stakeholders to create annual budgets aligned with the Association’s strategic objectives.
• Monitor budget performance and variance analysis, making adjustments as necessary to maintain financial stability.

Financial Compliance And Governance

• Knowledge of relevant financial regulations, accounting principles, and best practices, and ensure compliance with local, state and federal, accounting standards, and reporting requirements.
• Strong analytical and problem-solving skills, with the ability to present complex financial information in a clear and concise manner to non-financial stakeholders.
• Collaborate with elected officials and other stakeholders to present financial information and provide insights into financial matters.

Investment Management

• Oversee the Association’s investment strategies, working with advisors to maximize returns while managing risk.

Financial Risk Management

• Identify and assess financial risks and implement measures to mitigate potential adverse impacts on the Association.
• Develop transparent forecasting capabilities that enable senior leadership to make data-driven, forward-thinking decisions in a high-growth environment that also accounts for risk.

Management & Other Duties As Assigned

• The CFO will work collaboratively having the ability to engage in difficult conversations with sensitivity and thoughtfulness. Must demonstrate a high level of emotional intelligence with the ability to build confidence, and credibility. The CFO will naturally foster trust and collaboration among team members and possess the ability to create buy-in with varied stakeholder groups, managing through change with flexibility and poise. Oversees the evaluation of Reston Association’s programs including strategic planning and policies related to performance measurement, internal audits, dotted line to payroll, and other related objectives within the Association. Attends meetings of public and private groups, local jurisdictions, and regional organizations to represent Reston Association. Experience working in a public sector or non-profit environment, preferably with exposure to interactions with elected officials or governing bodies.

Supervisory Responsibilities

• Manages the Director of Finance, and six (6) full-time employees, managing work allocation and workflow, internal controls for the receipt of revenue, costs, and maximization of protection of company assets, policies, procedures, and the development of an effective and dynamic, service-oriented team. Responsible for the overall direction, coordination and carries out supervisory responsibilities in accordance with the Association’s policies and applicable laws. Responsibilities include interviewing, participating in the hiring process, and training employees; planning, assigning, and directing work; performance evaluation; rewarding and disciplining employees; addressing complaints and resolving problems.

Reston Association is committed to diversity, equity, inclusion, access, and belonging. Together we are building and sustaining an inclusive culture that encourages, supports, and celebrates differences. We are an Equal Opportunity Employer and prohibit discrimination or harassment based on race, color, gender, gender identity, gender expression, sex, sexual orientation, marital status, pregnancy, religion, ethnicity, national origin, genetic information, disability, body type, or veteran status. This policy applies to all employment practices including recruiting, interviewing, hiring, and termination.

Prospective candidates are encouraged to apply through the company website no later than the closing date, Thursday, August 31st. The process to evaluate semi-finalist candidates will involve Zoom interviews during the week of September 11th followed by an onsite interview for the finalist candidates within our Corporate Headquarters during the 1st week of October.

• Reston Association is an equal opportunity employer committed to diversity and inclusion in the workplace.

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