Director of Finance Job at The Sheet Metal Local 20 Benefit Funds

The Sheet Metal Local 20 Benefit Funds Indianapolis, IN

The Sheet Metal Local 20 Benefit Funds (“Funds”), located in Indianapolis, IN, are currently seeking a Director of Finance. This position reports directly to the Benefits Administrator. This position will require the Director of Finance to be in the Office, located in Indianapolis, IN, on a full-time basis; this is not a remote position. The Funds offer a starting salary of $130,000 (negotiable upon experience) plus significant employer-funded employee benefits including pension, welfare, and annuity.

The Funds consist of active and retiree Welfare, Pension (DB), and Annuity participants in all areas covered by the Funds. The Director of Finance has overall responsibility for the financial and accounting administration of the Funds. The Funds provide benefits to approximately 775 active members and their eligible dependents as well as nearly 700 retired pensioners and beneficiaries.

The Director of Finance will oversee the day-to-day activities of all accounting functions, including accounts payable, payroll, expense reporting, accounts receivable, benefit payments and general ledger for all Funds. The successful candidate will also be responsible for the Funds’ financial plans, policies and accounting practices, its relationship with financial institutions, maintenance of its fiscal records and preparation and analysis of financial reports, including financial statements prepared in accordance with Generally Accepted Accounting Principles (GAAP).

Responsibilities include but may not be limited to:

  • Oversee day-to-day accounting operations: Oversee and monitor the Funds’ daily accounting operations; Ensure financial and operational accuracy and compliance; Develop, implement and monitor effective accounting strategies, policies, procedures, and financial controls; Maintain all financial records; Maintain adequate levels of liability and other forms of insurance to protect the Funds.
  • Strategic planning: Participate in strategic business planning; Coordinate the annual budgeting process; Implement short and long-term goals and objectives of the Funds.
  • Financial: Oversee maintenance of general ledger and other financial records, including preparation of cash flow reports and monthly financial statements; Oversee payroll and expense allocations; Review and approve all day-to-day, routine expenses, and process non-routine expenses; Ensure completion of all transfers and other cash management duties; Coordinate annual audits and work closely with the auditors in the preparation of year-end schedules, financial statements, and annual compliance reporting and client work papers.
  • Ensure compliance: Ensure that standard accounting principles are followed in keeping the Funds’ financial records; Coordinate, review and/or prepare all tax reporting requirements and submission of all tax and government filings including payroll tax returns and deposits for benefits and payroll, 1099-R’s for benefits, 1099-NEC’s, PBCG form and property tax returns; Coordinate information required by/from outside professional advisors (including census and financial information to the Funds’ consultants) or governmental agencies; Maintain understanding of GAAP, GASB, IRC, ERISA and other areas of fiduciary responsibility.
  • Ensure adequate systems and technology: Ensure accounting systems are maintained and updated to support the Funds’ accounting needs; Assist in the evaluation, acquisition and implementation of accounting technologies/tools, as needed.
  • Attend Board of Trustee meetings to share financial reports and updates.
  • Have a good understanding of the contribution accounting process.
  • Act as a backup to the Benefits Administrator.

REQUIREMENTS
The ideal candidate will meet the following requirements:

  • Work Experience: Minimum of seven (7) to ten (10) years of high-level, relevant accounting experience required, preferably with a benefit fund, or other not-for-profit experience; Direct experience with executive-level decision making and interaction with Executive Management.
  • Educational Background: Bachelor’s degree in accounting, business, finance or associated field required; CPA designation preferred.
  • Special Skills or Credentials: Thorough knowledge of financial and accounting practices, procedures and statements, including governmental regulations, reporting requirements and tax regulations for profit and not-for-profit organizations required; Familiarity with GAAP, GASB, IRC, ERISA and 401(k) plan administration requirements as well as other government legislative regulations related to benefits preferred; Experience and knowledge of industry standard accounting software and general ledger software products along with proficiency in MS Office suite; The ideal candidate will also have demonstrated strong leadership and judgment skills, be detail oriented and highly organized, have strong analytical skills including the ability to interpret financial and operational information, strong project management skills, and be a team player with excellent interpersonal and communication skills.

TO APPLY

As noted above, the Funds offer a competitive salary and a comprehensive benefits package. The Funds are an affirmative action employer and encourage applications from all qualified candidates regardless of gender, race, ethnicity, age, sexual orientation, marital status, religion, or disability.

To apply, please send your resume and salary requirements to the link provided by Indeed. Please include job reference code 0423SMWDFIN in the subject line or with your application.

Job Type: Full-time

Pay: From $130,000.00 per year

Benefits:

  • Health insurance

Physical setting:

  • Office

Schedule:

  • Monday to Friday

Application Question(s):

  • Do you have experience working with a benefit fund, or other not-for-profit experience?
  • Do you have direct experience with executive-level decision making and interacting with Executive Management?
  • Do you have knowledge of financial and accounting practices, procedures and statements, including governmental regulations, reporting requirements and tax regulations for profit and not-for-profit organizations?

Education:

  • Bachelor's (Preferred)

Experience:

  • Accounting: 7 years (Preferred)

License/Certification:

  • CPA (Preferred)

Work Location: In person




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