Vice President - Finance

Company: American Society of Travel Advisors
Location: Bladensburg
Posted on: January 25, 2025

Job Description:

SUMMARY OF POSITION--

The Vice President of Finance oversees the organization's financial performance against the annual budget and the company's long-term strategy.--This includes developing tools and systems to provide the CEO with timely and critical financial and operational information and make actionable recommendations on strategy and operations.

Responsibilities:
Executive Management
--- Serve as a member of ASTA's executive leadership team.
--- Participate in key decisions pertaining to strategic initiatives, operating models, and operational execution.
--- Engage the Board of Directors and its Finance Committees around issues, trends, and changes in the financial performance and outlook of the Association.
--- Assist in establishing yearly objectives and selecting and engaging outside consultants (auditors, investment advisors, etc.).
--- Oversee long-term budgetary planning and cost management efforts in alignment with the nonprofit strategic plan of ASTA, especially as the organization considers sponsorships, potential acquisitions, and collaborations with other organizations.


Financial Planning and Analysis
--- Prepare and maintain regular financial planning reports and monthly profit and loss forecasts by function (vs. budget).
--- Complete analysis of financial results; develop recommendations (strategic and tactical).
--- Develop and execute analysis of various proposed business initiatives.
--- Develop and maintain a capital budget.
--- Assist in the development of financial planning and analysis exercises/reports.


Finance and Accounting Activities
--- Oversee cash flow planning and ensure availability of funds as needed.
--- Oversee cash, investment, and asset management.
--- Oversee financing strategies and activities and banking relationships.
--- Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization's operations and business plans.
--- Oversee preparation of month-end, quarter-end, and year-end financial statements.
--- Oversee weekly cash management, approve weekly payables, and execute checks.
--- Oversee A/R management and provide support to collections activities.
--- Review all month-end closing activities, including general ledger maintenance, balance sheet reconciliations, and corporate/overhead cost allocation.
--- Enhance and implement financial and accounting systems, processes, tools, and control systems.
--- Serve as final point of escalation for Accounts Receivable/Accounts Payable issues.


Planning, Policy, and Investor Relations
--- Coordinate the development and monitoring of budgets.
--- Develop financial business plans and forecasts.
--- Participate in corporate policy development as a senior management team member.
--- Represent the company to financial partners, including financial institutions, auditors, etc.
--- Remain up-to-date on nonprofit audit best practices and state and federal law regarding nonprofit operations.


Accounting and Administration
--- Oversee and manage the accounting department to maintain all accounting systems and functions properly.
--- Ensure maintenance of appropriate internal controls and financial procedures.
--- Coordinate audits and proper filing of tax returns.
--- Ensure legal and regulatory compliance regarding all financial functions.
--- Manage the company's insurance policies.


Team Management
--- Mentor and develop a direct team of four, managing work allocation, training, problem resolution, performance evaluation, and building an effective team dynamic.



Qualifications:
--- A bachelor's degree is required; a CPA and/or MBA is desirable.
--- 5+ years of relevant experience, preferably in a nonprofit organization with a budget of at least $5 million.
--- Experience working with information technology staff to manage the department's finance and accounting software packages.
--- Excellent written and oral communication skills.
--- Demonstrated leadership ability, team management, and interpersonal skills.
--- Excellent analytical and abstract reasoning skills, plus excellent organization skills.
--- Experience in a senior financial management role, partnering with executive staff, resulting in developing and implementing creative financial management strategies.
--- Significant experience in or knowledge of nonprofit accounting, including 501(c)(6) and treatment of Unrelated Business Income, compliance, and reporting.


COMPENSATION:
ASTA offers a generous benefits package that includes company-subsidized insurance (medical, dental, vision, life, and long and short-term disability insurance); paid time off; a 401(k) Plan with employer match; fitness room; commuter benefits; and free parking.

About Company:
ASTA (The American Society of Travel Advisors) and its members represent 80 percent of all travel sold in the United States through the travel agency distribution channel. It is a leading global advocate for travel advisors, the travel industry, and the traveling public. ASTA's history of travel industry advocacy traces back to its founding in 1931 with its mission to facilitate the business of selling travel through effective representation, shared knowledge, and the enhancement of professionalism.

Keywords: American Society of Travel Advisors, Franconia , Vice President - Finance, Accounting, Auditing , Bladensburg, Virginia