As a key member of the Executive Management team, the Chief Financial Officer will report to the CEO and assume a strategic role in the overall management of the Society and will plan, develop, organize, implement, direct and evaluate the company's fiscal function and performance in accordance with accounting practices prescribed or permitted by the Illinois Department of Insurance on a Statutory basis of accounting.
The CFO will have primary day-to-day responsibility for managing and controlling all financial-related activities. This will include direct responsibility for accounting, finance, forecasting, reporting, investments and strategic planning.
Manage day-to-day activities of the Finance and Accounting Department functions.
Establish and review accounting processes and procedures to ensure proper internal controls.
Function as a mentor to the finance and accounting staff to develop technical and management skills.
Review quarterly and annual statutory statements and other regulatory filings for completeness and accuracy.
Act as financial advisor to the CEO providing financial analysis and planning, budget control, accounting methods and profit and loss reporting.
Provide strategic financial input and leadership on decision making issues affecting the organization.
Oversee the funds and investments of the society and regularly monitor the performance of the portfolio for adherence to NCSF investment policy and regulatory guidelines.
Regularly monitor the performance of the investment manager/advisor and make recommendations to the Board for changes when appropriate.
Working with the CEO, prepare the annual budget and present it to the Board of Directors for review and approval.
Work with the CEO to ensure that the appropriate financial reports are made available to the Board of Directors on a quarterly basis.
Work closely with CEO in providing leadership and strategic guidance in the implementation of the Enterprise Risk Management framework and assessment methodology.
Assist the CEO with financial risk management and financial legal matters.
Assist CEO with HR benefit plan selection and administration (401K, Health, Pension).
Manage and annually review corporate insurance programs and provide CEO with annual summary of review and recommendations.
Monitor at least monthly current market conditions and interest rate environment and propose appropriate rate changes where necessary.
Review and approve all check requests that require officer level approval in accordance with disbursement guidelines.
Authorize all wire transfer requests to fund the Society operating accounts.
Coordinate with Society’s outside Auditors, State Auditors, Banks, Insurance Providers, Board of Directors Audit and Finance committee and outside actuarial firm.
BA/BS in Accounting or Finance, Master’s degree is a strong advantage, plus a minimum of 10 years of insurance industry experience.
National Catholic Society of Foresters (NCSF), a member-based fraternal organization, was established in 1891 to reach out and help Catholics in communities throughout the United States. We do this by offering life insurance and retirement products along with valuable member benefits that support the growth of strong communities. Headquartered in Mount Prospect-IL, NCSF is licensed to do business ...in 17 states.
As a member of our not-for-profit Society, the money that would normally be paid to shareholders in a for-profit company is instead given back to NCSF member parishes and communities in the form of programs and benefits made possible by insurance sales. Also awarded annually to members are 10 Catholic preschool, 30 Catholic grade school, 30 Catholic high school, and twenty Religious Education grants.
For more information about NCSF, please visit www.ncsf.com